![]() ![]() The options and affordability Gusto provides give it the lead over Paychex for businesses owners who hire contractors. On Gusto’s three employee payroll plans, you’ll pay the same per-person fee as you do for employees whenever you add a contractor. However, Gusto also offers a contractor-only plan for businesses with no W-2 employees, starting at $0 per month plus $6 per contractor for the first six months, then $35 per month plus $6 per employee. However, in Gusto’s regular plans, payroll processing is only available in the United States.īoth Gusto and Paychex Flex allow you to easily pay employees and independent contractors through a single plan. Before shelling out the fee, you can do a test drive using the company’s exchange rate tool. A small exchange fee applies to each payment. With Gusto, you can pay contractors in the local currency of more than 120 countries. Gusto offers international payroll services for contractors (but not for employees) as an add-on feature. Paychex Flex provides optional global payroll services through a partnership with IRIS FMP. To issue payments by check using Gusto, you must print your own. With Paychex Flex, you can pay workers through direct deposit or checks that print out automatically. Paychex also focuses on payday accuracy with its paycheck review feature, allowing employees to view their paychecks before payday to reduce payday discrepancies.Īll three Gusto plans offer two-day and four-day direct deposit, and with the Plus and Premium plans, you get an upgrade to next-day direct deposit if you choose. While Gusto’s payroll processing leans heavily on automations to take the work out of payroll processing, Paychex’s PEO services help to even the payroll processing playing field between the two providers. This means that a payroll specialist can take over all of your payroll processing, including managing garnishments and the production of W-2s for you. Paychex stands out by offering professional employer organization (PEO) services. Gusto has a feature, AutoPilot, that lets you schedule your payroll runs to process automatically using the wage and salary information you provide in each worker’s profile. Both companies offer time-saving automation features for running payroll. Paychex and Gusto have their own strengths when it comes to payroll administration. With more pricing transparency and fewer add-on charges, Gusto comes out ahead for costs. Other services add-ons include paycheck preview and approval, time and attendance, recruiting and applicant tracking, retirement services, performance management and job costing and labor distribution. ![]() For instance, while Gusto includes benefits administration in its Simple plan, Paychex Flex only offers that service for an additional charge. While Gusto and Paychex have similar prices for their most basic plans, Gusto’s lowest-price option is more comprehensive than Paychex Flex’s most affordable bundle. For a wider range of features, you can choose the Plus plan for $80 a month plus $12 per person, or the customizable Premium plan, with a price that varies depending on the size of your business.Īll in all, Gusto provides far more pricing transparency than Paychex. The company also offers two customizable plans, Paychex Flex Select and Paychex Flex Pro, with unpublished prices.įor its Simple plan, Gusto offers a starting price of $40 a month plus $6 per person. Paychex’s most basic payroll bundle, Paychex Flex Essential, costs $39 a month plus $5 per employee. ![]()
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