Intersoft ERP: Formerly known as INTERAC ERP
.webp)
What is Payroll Software?
Payroll software is a digital system that helps businesses calculate, process, and manage employee salaries accurately and on time. It automates wage calculations, deductions, bonuses, and tax compliance while reducing manual errors and paperwork.
The best payroll software also tracks attendance, overtime, and leave data, ensuring every employee is paid correctly based on actual work hours. It simplifies payslip generation, statutory reporting, and payroll approvals in one secure platform.
By centralizing payroll operations, payroll software improves accuracy, saves time, and gives businesses better control over employee compensation and compliance.
Why Businesses Struggle with Manual Payroll, and Why the Best Payroll Software Matters
Without a modern payroll system, businesses often face:
01
Time-consuming calculations and data entry
02
Risk of compliance errors and penalties
03
Disconnected systems for human resources, time tracking, and payroll
04
Delays in pay distribution
05
Lack of employee access to pay history
Key Features to Look for in the Best Payroll Software
Explore how a smarter ERP payroll systems engine streamlines calculations, automates compliance, and saves time for small businesses, startups, and enterprises.
Automated Payroll Processing
Run payroll in minutes with calculations for gross pay, deductions, benefits, and taxes handled automatically.
Multi-State Tax Compliance
Stay current with built-in, automatically updated tax tables for all federal and state jurisdictions.
Direct Deposit Integration
Transfer funds securely to employee bank accounts with detailed tracking and confirmation logs.
Custom Pay Schedules
Set unique payroll cycles for different teams—weekly, biweekly, monthly, or anything in between.
Garnishment & Benefit Deductions
Easily manage legal deductions, 401(k) contributions, insurance premiums, and more.
Pay Stub & W-2 Generation
Instantly generate digital or printable pay slips and year-end tax forms with accurate calculations.
How the Best Payroll Software Works – Step by Step
Here’s a simple overview of how a modern erp payroll system takes you from time tracking to direct deposits with accuracy and compliance.
Import Hours or Salaries
Pull data directly from integrated modules like Time Clock or HR, or manually enter pay data.
Review Payroll Summary
Get a clear view of each payroll run—gross pay, deductions, taxes, and net pay in one screen.
Approve and Submit
Finalize the payroll run, calculate totals, and lock for secure processing.
Distribute Payslips or Deposit Funds
Automatically send payslips to employees and trigger direct deposits to their accounts.
Post to GL and Reports
Seamlessly transfer payroll data to your General Ledger and generate detailed financial reports.
Why Choose Intersoft ERP Payroll Software?
Simple to Run. Powerful Under the Hood.
Error-Free Automation
Eliminate errors with automation and validation rules
Batch Processing
Save time with batch processing and reusable pay templates
Tax Compliance
Stay compliant with up-to-date tax rules
Admin Relief
Reduce administrative burden on HR and Accounting
Self-Service Access
Give employees online access to pay stubs and W-2s
Payroll Analytics
Track payroll trends with built-in analytics and export tools
How Do Module Integrations Make Your Payroll Software More Powerful?
Fully integrated with your ERP ecosystem, ensuring smooth workflows and data accuracy.
Connected Modules:
HR Manager
Pull employee roles, pay grades, benefits, and time-off data.
Remote Time Clock
Import accurate hours, shift data, and location-based work logs.
General Ledger
Automatically record wages, deductions, and taxes by account.
Cash Manager
Oversee payroll cash flow and manage direct deposit transactions.
Report Manager
Generate and export compliance logs, custom payroll reports, and summaries.
Which Industries Benefit Most from ERP Payroll Software?
Payroll built for any organization, tailored to meet unique industry needs.
Construction & Field Services
Pay hourly workers with variable hours or project-based splits
Healthcare & Public Accounting
Manage multiple departments and pay structures
Retail & Franchises
Handle seasonal staff, bonuses, and location-specific compliance
Manufacturing
Automate shift differentials, overtime, and union deductions
Nonprofits
Ensure proper tracking of grants, funding sources, and restricted payroll use