Payroll Software Definitions

Important payroll software definitions to understand for your small business 

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Payroll Software Definitions
Our payroll glossary will help you understand all things payroll.

Software is an important part of the payroll industry, as it provides businesses with an efficient, accurate, and time-friendly alternative to manually completing payroll tasks.

The following payroll software definitions will help you understand the terminology that your CPA, Payroll Manager, SurePayroll, and other industry professionals use when discussing this technology. 

Knowledge of small business payroll software – including definitions – can help you answer questions such as:

  • Which payroll software is best for your business?
  • What are the benefits of using payroll software for your business?
  • What are the benefits of using a payroll app?
  • Are there any disadvantages associated with payroll software?
  • What’s the best way to choose the right software?

As you answer these questions, refer to our payroll tax glossary for a better understanding of related terms.

The following definitions will help answer your questions, while providing more information on the basics of payroll software:

  Description
EPayroll EPayroll is a method of delivering payment to employees without the use of paper checks. Traditional EPayroll options include direct deposit and payroll cards.
Accounting Software Payroll accounting software is designed to automate many payroll activities, such as calculating wages and taxes, generating paychecks for printing, and administering electronic payments.
QuickBooks Payroll QuickBooks by Intuit is a leading payroll software, thanks to its ease of use, instant processing of paychecks, and accurate processing of taxes. It’s a cost effective solution for companies that want to keep payroll in-house.
Quicken Payroll Quicken Payroll is used alongside Quicken to process payments for employees in a fast and convenient manner.