PenSoft is a popular payroll software that offers a range of features for small and medium-sized businesses. It provides solutions for managing employee data, calculating payroll taxes, and generating pay stubs. While PenSoft is a trusted choice for many businesses, there are several other payroll software options available in 2024 that offer similar or even better features. In this article, we will explore the 10 best PenSoft alternatives and competitors in 2024.

1. ADP Workforce Now

ADP Workforce Now is a comprehensive human capital management (HCM) software that includes robust payroll functionality. It offers features such as automated payroll processing, tax calculation and filing, and direct deposit capabilities. ADP Workforce Now also provides additional HR modules for benefits administration, time and attendance tracking, and talent management. With its wide range of features, ADP Workforce Now is a strong alternative to PenSoft.

2. Gusto

Gusto is a user-friendly payroll software designed for small businesses. It offers features such as automated payroll processing, tax calculations and filings, and employee self-service tools. Gusto also provides additional HR features like benefits administration and compliance assistance. With its intuitive interface and affordable pricing, Gusto is a popular choice among small businesses as an alternative to PenSoft.

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3. Paycor

Paycor is a cloud-based payroll and HR software that caters to businesses of all sizes. It offers features such as payroll processing, tax filings, and labor cost reporting. Paycor also provides HR modules for benefits administration, time and attendance tracking, and performance management. With its scalable solutions and personalized customer service, Paycor is a reliable alternative to PenSoft.

4. Zenefits

Zenefits is an all-in-one HR and payroll software that simplifies the process of managing employee data and payroll. It offers features such as automated payroll processing, tax filings, and time tracking. Zenefits also provides HR tools for benefits administration, onboarding, and compliance management. With its integrated approach to HR and payroll, Zenefits is a strong competitor to PenSoft.

5. Namely

Namely is a comprehensive HR and payroll software designed for mid-sized businesses. It offers features such as payroll processing, tax filings, and benefits administration. Namely also provides additional HR modules for performance management, time and attendance tracking, and employee engagement. With its focus on user experience and customizable solutions, Namely is a compelling alternative to PenSoft.

6. QuickBooks Payroll

QuickBooks Payroll is a popular accounting software that includes built-in payroll functionality. It offers features such as automated payroll calculations, tax filings, and direct deposit capabilities. QuickBooks Payroll also provides additional accounting features like invoicing, expense tracking, and financial reporting. With its seamless integration with QuickBooks accounting software, QuickBooks Payroll is a reliable alternative to PenSoft for businesses already using QuickBooks.

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7. Sage Payroll

Sage Payroll is a comprehensive payroll software that caters to businesses of all sizes. It offers features such as payroll processing, tax calculations and filings, and employee self-service tools. Sage Payroll also provides additional HR modules for benefits administration, time and attendance tracking, and talent management. With its robust features and industry-specific solutions, Sage Payroll is a strong competitor to PenSoft.

8. Paycom

Paycom is a cloud-based payroll and HR software that provides end-to-end employee lifecycle management. It offers features such as payroll processing, tax filings, and talent acquisition. Paycom also provides HR modules for benefits administration, time and attendance tracking, and performance management. With its comprehensive suite of tools and personalized support, Paycom is a compelling alternative to PenSoft.

9. BambooHR

BambooHR is an HR software that includes payroll functionality as part of its comprehensive HR platform. It offers features such as payroll processing, tax filings, and employee self-service tools. BambooHR also provides HR modules for applicant tracking, performance management, and employee engagement. With its focus on employee experience and intuitive interface, BambooHR is a reliable alternative to PenSoft.

10. Paychex Flex

Paychex Flex is a scalable payroll and HR software designed for businesses of all sizes. It offers features such as payroll processing, tax calculations and filings, and employee self-service tools. Paychex Flex also provides additional HR modules for benefits administration, time and attendance tracking, and talent management. With its flexibility and extensive range of features, Paychex Flex is a strong competitor to PenSoft.

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In conclusion, while PenSoft is a popular payroll software choice for many businesses, there are several other alternatives and competitors in 2024 that offer similar or even better features. Whether you choose ADP Workforce Now, Gusto, Paycor, Zenefits, Namely, QuickBooks Payroll, Sage Payroll, Paycom, BambooHR, or Paychex Flex, these 10 alternatives provide a range of options for managing payroll and HR needs for small and medium-sized businesses.