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PrimePay Payroll is an online payroll service designed specifically for small businesses. The cost of the software is determined by the frequency with which you run payroll and the number of employees you are cutting checks to. PrimePay Payroll offers all customers several additional features outside of payroll processing, such as HR management capabilities and time tracking tools.
Nobody starts a small business because they want to spend their time managing payroll. That’s why payroll software exists. With payroll software, you can automate the most difficult aspects of payroll processing—such as payroll tax and paid time off calculations, retirement contributions, and benefits deductions—to ensure that you are compliant with all regulations.
If you’re in the market for payroll software, one name you may have heard is PrimePay. PrimePay launched in 1986 with the goal of saving small business owners time by managing logistical tasks on their behalf. Today, PrimePay provides a variety of services, from HR to insurance and compliance—but their bread and butter is still payroll.
Let’s take a closer look at PrimePay Payroll: How it works, what are their features, and how much it costs. We’ll also offer up some alternatives to PrimePay so you can understand your full range of options when deciding on a payroll service provider.
PrimePay Payroll is a cloud-hosted payroll service, meaning it can be accessed from anywhere on the web and does not require the business owner to install or manage any software. The platform was designed specifically for small business owners looking to track, manage, and process payroll, and deliver payment to their employees.
But to say that is all PrimePay can do would be reductive. Built into the payroll platform are HR, time clock, and workers compensation capabilities, allowing you to manage all aspects regarding payroll in one place.
To get started with PrimePay Payroll, you need to sign up for an account. This requires submitting some basic business information via a form on the PrimePay website, including your company name, number of employees, and contact information. Once submitted, a PrimePay sales representative will contact you and walk you through the details of setting up your account.
With your account set up, you can configure it in accordance with how you run payroll. This includes creating your payroll calendar (weekly, bi-weekly, monthly, semi-monthly), entering tax, earnings, benefits deductions, and workers compensation information, and linking your business bank account to the software.
Once you have completed these steps, you can start adding in employees. This is where PrimePay’s HR capabilities come into play. To add an employee to PrimePay Payroll you must first add them to PrimePay HR. To do so, navigate to the HR portal from your account dashboard and click the “Add Employee” option. You will be prompted to provide the employee’s classification (W-2, independent contractor), name, birthday, gender, address, date of hire, and social security number.
You’ll also provide the employee’s pay schedule and pay method (direct deposit, prepaid check, paper check). Once all this information is entered, you must sync PrimePay HR with PrimePay Payroll by selecting the “Manage Employees” option in the HR portal. After HR and Payroll are synchronized, you can enter in all relevant federal, state, and local tax withholdings information for the new employee in the Payroll portal, as well as earnings information.
Finally, if an employee opts for direct deposit, you must enter their bank name, account type (savings or checking), and account and routing number into the Payroll system.
With all of this information collected in the Payroll and HR systems, you can begin processing payroll for the employee. Processing payroll with PrimePay is a three-step process. When the next pay period comes, log into your payroll system and import your time and attendance data from PrimePay’s time clock platform. Once the data is imported, you will be provided with the option to create checks for your employees. Select the “Calculate Your Checks” icon, which provides a preview of the pay information for each individual employee. Review the data and, if all looks right, click “Submit” to process payroll.
When payroll is processed, PrimePay automatically calculates, files, and pays local, state, and federal taxes based on the information you have provided. Deductions for things like health benefits and savings contributions are also automatically calculated. For employees who opt to be paid by paper check, PrimePay Payroll offers free check signing, stuffing, and sealing services.
At the end of the year, PrimePay will deliver tax forms for your employees for an additional fee. There is also an online portal that your employees can access to view pay stubs and tax forms. If there are ever any errors regarding taxation, PrimePay will fix the mistakes and pay any fines that may have been incurred.
Most of what PrimePay Payroll can do is fairly typical amongst payroll platforms. Fortunately, PrimePay also offers a lot of extra functionality (like the HR and time clock platforms we mentioned earlier) to really sweeten the pot for small business owners. Let’s take a look at some of the additional items:
PrimePay’s payroll reports are designed to provide small business owners with insights into their labor expenses. Reports range from departmental summaries, payroll journals, and tax summaries, to customized 401(k) reports, direct deposit recaps, terminated employee history, and more.
For an extra cost, PrimePay will extend the functionality of your platform with a variety of add-ons. This includes adding a bank reconciliation file, electronic child support garnishment, general ledger imports, 401(k) imports, and more. PrimePay does not list the cost of these add-ons on their website, so we recommend speaking to a sales representative if you are interested in adding any of these features.
Using PrimePay’s built-in HR software, you can post job listings to major job boards. When someone applies for that role, their information will be automatically imported into the HR system. Once you make a hire, their information will be sent directly to Employee Onboarding.
Onboard new hires digitally via the PrimePay HR system. All the information entered during onboarding can also be transferred directly to Payroll. PrimePay will also handle all new hire paperwork and submit it to the appropriate state and federal agencies.
As previously mentioned, Payroll subscribers have access to a cloud-based time clock that integrates directly with their system. The time clock can handle punch-in/punch-out functions for employees, scheduling, PTO management, and overtime settings.
Within the HR portal, Payroll customers have access to a variety of free step-by-step guides on topics relating to human resources. For an extra $29 per month, you can also get access to an employee handbook builder, 200 employee training courses, and a direct line to a certified HR professional.
Although all of the aforementioned services come included or as extensions of the Payroll platform, PrimePay offers a variety of additional subscription services that may be of use to small business owners, including benefits and merchant services, and additional HR and insurance services. Pricing is quote-based. Contact a sales representative for more.
To contact customer service, you must submit an online form via the PrimePay Support Portal. For a faster solution, look through the documentation provided in the Support Portal on all the different facets of the PrimePay platform. PrimePay also maintains a blog with useful information.
PrimePay Payroll’s pricing is based on the number of employees you have and how frequently you run payroll. The PrimePay website features a tool where you can calculate your payroll costs based on your company’s information. The price breakdown is as follows:
*Semi-monthly payroll means payroll will be processed twice a month.
There are no contracts to sign with PrimePay. You can use the service month-to-month and cancel at any time. Note that PrimePay is currently offering a 60-day free trial.
Now that we have evaluated PrimePay Payroll, here is what we see as its advantages:
Although PrimePay isn’t the first payroll software to integrate HR services into its platform, it certainly offers a lot of functionality at no cost. When you sign up for the payroll platform, you get applicant tracking, new hire reporting, and onboarding and advisory services baked into the product. That’s a lot of free features.
PrimePay Payroll is designed for small business owners who have a lot on their plate. Therefore, it tries to make the payroll process as seamless as possible by integrating HR and time tracking functions into the payroll platform, and by making processing payroll a simple three-step process. For those who are new to payroll processing, you won’t face a steep learning curve with PrimePay.
Here is how PrimePay ranks on the major review sites:
In reviews, customers say they find PrimePay’s UX extremely intuitive, and that they can process payroll very quickly using the platform. In addition, users find the PrimePay blog to be extremely informative, and that payroll consistently processes without any errors.
PrimePay isn’t without its drawbacks: Here are some things to look out for:
We’re not saying that you can’t scale your business using PrimePay Payroll. But for businesses that have grown past the 100-employee mark, there are payroll service providers that can provide payroll solutions more tailored to your business needs. PrimePay’s services are built to serve small and midsize businesses.
There aren’t many negative reviews of PrimePay Payroll on the major review sites. The most common complaints were that the reporting isn’t as in-depth as some would like, and that it is hard to get a customer service representative on the phone quickly.
Here are some alternative payroll service providers you can compare and contrast PrimePay with:
ADP is a professional employer organization, meaning it offers payroll services and a whole lot more. For small businesses, ADP offers four plans: Essential Payroll, Enhanced Payroll, Complete Payroll, and HR Pro. Based on which plan you subscribe to, you’ll get access to some or all of those additional services. Among the additional services are an employee discount program, free background checks, and legal assistance.
An economical choice for businesses that don’t have many employees is Gusto. Gusto is an all-in-one payroll/HR/benefits system. Its low-cost plan charges a flat rate of $39 per month plus $6 per employee per month. Some of the features that come with Gusto include 401(k) and workers’ compensation management, and integrations with popular time tracking and accounting software.
Get Started With Gusto Payroll
Most small businesses could be well served by PrimePay Payroll. They give you the extended functionality you need to make processing payroll a cinch, and the platform is easy enough for anyone to pick up. However, larger businesses might be more comfortable with a more scalable solution like ADP. Regardless which direction you choose to go, investing in payroll software will automate some of the most complicated aspects of running payroll, ensuring you stay compliant while giving you more time to focus on growing your business.