What does Paychex company do?

Paychex, Inc. (NASDAQ: PAYX) is a leading provider of integrated human capital management solutions for payroll, benefits, human resources, and insurance services.

How does Paychex make money?

Paychex has 3 Revenue Sources: Payroll Processing: Paychex's payroll processing services includes the calculation, preparation, and delivery of employee payroll checks. In addition, Paychex also provides employee payment, regulatory compliance , retirement services administration among other services.

What are Paychex products?

Paychex® Solo: A packaged offering designed to meet the specific needs of sole proprietors, Paychex Solo combines incorporation services, payroll, and a 401(k) plan into one complete solution so owners can improve their income tax situation, pay themselves a predictable wage while meeting tax obligations, and save for ...

What services does Paychex offer?

Excellent. For an additional cost, Paychex offers in-house retirement plans, health insurance, health savings accounts (HSAs), flexible spending accounts (FSAs) and other benefits. Good. Through the portal, employees can view their paystubs and tax documents and get paid via direct deposit, check or prepaid card.

Is Paychex a big company?

In 2019, Paychex ranked in position 700 on the Fortune 500 list of largest corporations by revenue, and the company's revenue for fiscal year 2020 is projected to exceed $4.1 billion.

What's It Like to Work Inside the Offices of Paychex? Have a Voice Here.

What kind of company is Paychex?

Paychex, Inc. (NASDAQ:PAYX) is a leading provider of integrated human capital management solutions for payroll, benefits, human resources, and insurance services.

Why is Paychex the best?

Includes employee onboarding solutions: Paychex makes sure you improve the employee onboarding process by equipping you with easy-to-complete online forms. It also lets you create personalized messaging, automate the paperwork collection process, and even add videos to the process for greater customization.

Is Paychex a payroll?

If you are looking for a high-quality small business payroll system, Paychex offers leading payroll processing, tax preparation, calculation, and filing services, as well as many HR services.

How good is Paychex?

Paychex ranks No. 8 in our rating of the Best Payroll Software of 2022. There are three basic tiers of payroll service, created to serve a single self-employed person, small and medium-sized businesses, and companies with more than one thousand employees.

How much does Paychex cost per employee?

Paychex has payroll packages starting as low as $39 + $5 per employee per month. Contact us today and we can work to help you find a payroll solution that best fits your business and budget needs.

How many small businesses use Paychex?

We have data on 13,691 companies that use Paychex. The companies using Paychex are most often found in United States and in the Hospital & Health Care industry. Paychex is most often used by companies with 50-200 employees and 1M-10M dollars in revenue.

Who is the best payroll provider?

Does Paychex do direct deposit?

Note that Paychex offers direct deposit via ACH, and can guide your business in adopting same-day processing.

Is Paychex a tech company?

Our all-in-one technology and service platform, Paychex Flex® is flexible to meet your needs as your business changes and grows.

What is the difference between ADP and Paychex?

Paychex is best for small businesses and startups.

While ADP offers plans for small business owners, those plans can't beat the value of the onsite HR help and 24/7 live support that Paychex brings to the table.

Who audits Paychex?

We're proud that Paychex has achieved SSAE 18, SOC 1, and SOC 2 attestations for our Paychex Flex and SurePayroll^® platforms, with unqualified audit opinions issued by KPMG.

How much does Paychex charge for direct deposit?

The same reviewer reported that Paychex charges $15 per payroll for direct deposit payments and around $40 upfront in addition to $2.50 per employee for end of year W-2 processing.

What is Paychex Flex for?

What Is Paychex Flex? Paychex Flex is our all-in-one solution for all things HR — payroll, time and attendance, and more. Among the benefits of using Paychex Flex, the platform can help automate key HR, payroll, and benefits functions through a single platform, backed by experienced, U.S.-based support.

Why does Paychex need my SSN?

Employee information, including social security number, date of birth, financial, bank account, geolocation data, medical and beneficiary information, to provide the Services. Credit, debit, or cash/payment card information if used, such as for billing.

How long does Paychex take to process?

It typically takes 3-5 business days for funds for an electronic check to go from the consumer's bank account and be deposited into a merchant's bank account. Banks will verify payments within 24-48 hours.

Who owns the company Paychex?

Tom Golisano founded payroll giant Paychex in 1971 with just $3,000 and a credit card.

How do you use Paychex?

How do I deposit money into Paychex?

Click employee | Personal Information | Direct Deposit. Click Add a Direct Deposit. The Add/Edit Direct Deposit screen displays. Select the Percent of net pay, Fixed dollar amount, or Remainder of net pay in the Deposit Amount ($ or %): drop-down menu, then type the amount in the Deposit Amount ($ or %): field.

Does Paychex offer a pay card?

Paycards can be a useful addition to your payroll solutions. Paychex can help you offer paycards as an employee payment option.

What is the largest payroll company?

ADP is the largest and probably best-known payroll processing company in the United States. ADP offers services to companies ranging from small businesses of one or two employees all the way up to multi-national businesses exceeding 1,000 employees and more.