PAYCHEX Payroll Cost: 2020 Prices, Reviews, Products
Are you wondering how much does Paychex Payroll cost and what you get for the money? Here’s what you need to know about this Rochester, NY based company.
Headquarters: Rochester, NY
CEO: Martin Golisano
Stock: PAYX (NASDAQ)
# Clients: 670,000+
A growing number of enterprises are outsourcing business services. PAYCHEX payroll is one of the top HR services in the United States.
The software company’s payroll service can give you access to many human resource tools, no matter what size your business. Using the platform, you can access features such as tax administration, mobile apps and new hire reporting.
You can also take advantage of Paychex’s dedicated payroll specialists. The platform also hosts a learning management system and gives you access to Workers’ Compensation reports.
If you’re interested in using the company for payroll, the first question you most likely have is, “How much is Paychex?”
On the low end, there are subscription plans available for $60 per month. A more feature-packed subscription tier can cost $150 per month or more.
Learn more about how much Paychex costs by reading on.
Paychex Payroll Services
Paychex is a one-stop shop for payroll outsourcing services for both small and large enterprises. The platform offers a number of ways to manage payroll. For instance, it works via phone, fax or online submission.
The HR solution makes it easier to manage local, state and federal taxes. The company also enables you to maintain essential benefits such as retirement and health plans for workers by subscribing to a plan.
If you subscribe to Paychex, you’ll also gain access to HR management resources for benefits such as Cobra, unemployment insurance and new hire reporting. You can even purchase group health insurance plans to provide medical, dental, vision and life insurance coverage for your workers.
Payroll enables you to keep accurate records down to the decimal. As a result, it’s much easier to save money at tax time when using the service.
Understanding Paychex Pricing Tiers
What’s even better, however, is that it will cost you less to pay for the service than it would for you to handle the same tasks on your own.
Paychex offers four subscription tiers. They are:
- Express Payroll
- Paychex Flex Select
- Paychex Flex Pro
- Paychex Flex Enterprise
The company keeps information about Paychex fees close to the cuff. However, you’ve come to the right place to find out how much the service costs.
An example based on monthly Paychex pricing is helpful for understanding the company’s subscription rates. Keep in mind, however, that you can also pay by the week, biweekly or yearly. The longer your commitment, the more that you’ll save.
- Express Payroll costs $60 per month and $4.00 per user.
- Paychex Flex Select costs $90 per month and $5.00 per user.
- Paychex Flex Pro costs $150 per month and $3.65 per user.
You must speak with a Paychex representative for a custom price for Paychex Flex Enterprise.
How Much Does Paychex Payroll Cost For 2 Employees?
Even if you only have a handful of employees, you can save an enormous amount of time and money by subscribing to Paychex.
If you have two employees, for instance, Express Payroll will cost you a total of $68 per month. This fee would give you access to basic payroll services, such as tax administration, direct deposit and new hire reporting.
However, if you need to issue paper checks with custom branding, you’d subscribe to Paychex Flex Select. In this case, you’d pay $100 per month for the service. If you only have two employees, the next two subscription tiers may prove excessive, not in cost – but features.
How Much Does Paychex Cost For 20 Employees?
What if your company is a little bigger? Let’s say, for example, that you have 20 employees.
- A subscription to Express Payroll would cost $140 per month.
- A Paychex Flex Select subscription would cost $150 per month.
- A subscription to Paychex flex Pro would cost $231 per month.
As you can see, you’re better off going with Paychex Flex Select or Pro if you have 20 employees.
How Much Does Paychex Cost For 50 Employees?
Now, let’s imagine that you have 50 employees. In that case, you’d pay:
- $260 for Express Payroll
- $240 for Paychex Flex Select
- $340 for Paychex Flex Pro
With 50 employees, you’d pay more for the lowest tier than for the other subscription plans with more services.
Accordingly, you’re better off with Paychex Flex Select or Pro if you have 50 employees. Also, you’ll most likely have considerable benefits to manage with a staff of this size, so the upper tiers are clearly a better option.
Pros and Cons of PAYCHEX Payroll Service?
Paychex service benefits employers across the United States. Its payroll platform is remarkably easy to use. More importantly, however, it can grow alongside your business. You can scale up or scale down services as needed.
If you subscribe to a plan, Paychex provides exceptional customer support. If you manage any number of employees, the built-in human resources tool makes the job a lot easier.
On the other hand, it’s nearly impossible to get an exact price quote from the company without talking to a representative. Also, Paychex isn’t necessarily the best option for large corporations.
Nevertheless, Paychex is a great human resources tool for small-to-midsized businesses. The platform gives SMBs access to:
- Benefits administration
- Business insurance
- Health insurance
- Human resources administration
- Payroll services
- Retirement plans
Paychex is an ideal solution for simplifying human resources management using a single application. Before you make a final decision, however, you may want to check out a few Paychex reviews.
Other Services Offered By PAYCHEX
- Business Insurance
- Workers’ Compensation
- Cyber Liability
- Property Insurance
- Business Owner Policy
- Liability Insurance
- Umbrella Insurance
- Hiring Services
- Time and Attendance
Learn the Latest Facts About Payroll Pricing
Payroll is important. After all, you do want to keep your employees around and avoid those pesky government fines.
If you’re shopping for payroll services, it’s helpful to understand how Paychex payroll stacks up against other providers. Well, you’re in luck.
The PriceIthere.com online payroll cost calculator will tell you everything that you need to know about online payroll service prices. Try it out today to get a handle on payroll service costs quickly and easily.