PaymentEvolution Pricing, Reviews and Features (September 2023)

PaymentEvolution Features Show All Features

Payroll Features

Wage GarnishmentHelps in deducting the amount from an employee's monetary compensation including salary as per a court order to pay off debt
W-2 PreparationForm W-2 (officially, the "Wage and Tax Statement") is an Internal Revenue Service (IRS) tax form used in the United States to report wages paid to employees and the taxes withheld from them. Employers must complete a Form W-2 for each employee to whom they pay a salary, wage, or other compensation as part of the employment relationship. An employer must mail out the Form W-2 to employees on or before January 31. This deadline gives these taxpayers about 2 months to prepare their returns before the April 15 income tax due date. The form is also used to report FICA taxes to the Social Security Administration.
Leave Tracking (Vacation)A leave management system, also known as LMS, is a platform that enables a company to easily and correctly allocate, track and grant leave as well as allow for employees to request and track their own leave.
Self Service PortalA self-service portal is a website that offers information and resources to help users find answers and resolve their issues. The job of any self-service portal is to help users address common needs efficiently and without outside help.
Direct DepositThe term direct deposit refers to the deposit of funds electronically into a bank account rather than through a physical, paper check. Direct deposit requires the use of an electronic network that allows deposits to take place between banks. This network is called the automated clearing house (ACH). Because the funds are transferred electronically, recipients' accounts are credited automatically, so there is no need to wait for the money to clear. Common uses for direct deposit include paychecks, tax refunds, and other benefits. Direct deposit is a safe and convenient way to receive payment. Funds are deposited into a recipient's account directly through an electronic network. In order for the funds to be transferred from the payer, the recipient must provide the name of their bank, their account number, and the bank's routing number to the person or business making the deposit.
Deductions ManagementHelps optimizing deductions workflow and assist in calculating various deductions or additions like ESI, PF, integrating leave, performance
Compensation ManagementManages employee compensation related data in an organized and automated manner
Check PrintingIn the old days, check writing was done by hand. Today, there's a digital solution for everything and, when it comes to making prompt payments via check, that solution is check printing software. These programs aren't just used by the payroll departments of large enterprises. They can be useful for small businesses, bookkeepers, accountants, and even individuals who don't have physical checks handy. We reviewed dozens of companies offering either cloud-based or software solutions for check writing. These are the very best check printing software programs in terms of overall reputation, key features offered, and price—the top criteria considered by those shopping for check printing software.
Benefits ManagementFrom the inception of a program or project investment until the last expected profit is realized, benefits management entails defining, preparing, evaluating, and monitoring benefits. Its goal is to ensure that the desired outcomes are precise, measurable, agreed upon, achievable, and time-bound. The terms ‘benefits management’ and ‘benefits realization’ are often used interchangeably.
Tax ManagementThe aim of tax management is to ensure that the provisions of the Income Tax Act and related laws are followed. Through the tax management function of various tools, you can handle local and foreign tax rates.
Multi-countryMulti-country means involving multiple countries. Often, different countries and regions are analyzed. The data and insights gained can be further analyzed for patterns, similarities, differences, opportunities and challenges for a company. The benefits are comprehensive insights for strategic decision making and business growth. Traditionally, businesses only had to worry about the payroll rules of the country they operated in. However, in a globalized economy, many businesses employ staff around the world. So, this adds extra complexity when it comes to achieving compliant payroll. Each country has its own payroll laws, including data laws and different employee benefit rules for example. These change often. Businesses with employees in different markets around the globe therefore have a responsibility to ensure they meet the latest rules and regulations.
401(k) TrackingHelps to track and manage matters concerning 401(k) that is a retirement savings plan sponsored by an employer.
Attendance TrackingThe attendance tracking is a functionality that allows you to keep a track of the attendance of students and teachers taking part in your virtual classroom sessions.

PaymentEvolution Technical details

Support

Business Hours Online

Customer Type

Small Business

API

Location / Phone Number

Ontario, Canada / +1-647-776-7600

Deployment

SaaS/Web/Cloud

Official Website

https://paymentevolution.com/Payroll

Category

Payroll Software

PaymentEvolution Pricing

Pricing ModelFree Trial , Subscription , Quotation Based

Green (Business Plans)

Free

No monthly fees

Features

Payroll
Electronic Payslips
Create T4 / RL1
Direct Deposit: 50¢ per transaction (There are no monthly fees, file fees or submission fees for this service. There is a one time $55 setup fee for each source (business) account for electronic payments.)
Add-on: 1 (Integrate with one of the following : Quickbooks Online, Kashoo,Xero)
Create ROE
Company Tax Summary
Reports
User roles : 1 (One administrator can run and process payroll)
Employees : up to 5
History : 3 Years
Support : Forum

Business (Business Plans)

$22 /Month

$22 per month billed Annually

Features

Includes features of Green plan, plus
Print reports / PDF
Pay Rules
Vacation rules
Off-cycle pay runs
Print cheques
Add-ons: Integrate with multiple add-on solutions like FreshBooks, Kashoo, Quickbooks(desktop and online), Saasu, Xero, TaxCycle and others
User roles : 3
Employees: up to 25
History: 7 years
Support: Forum, Email, Phone

Business Plus (Business Plans)

$51.50 /Month

Base price of $50 per minute per Month + $1.5 per employee per run

Features

Timesheet import
Custom GL
Custom Employee Numbers
Direct Deposit: Included (There are no monthly fees, file fees or submission fees for this service. There is a one time $99 setup fee for this plan. Note: minimum monthly billing of $50 applies.)
Add-on: Integrate with multiple add-on solutions including FreshBooks, Kashoo, Quickbooks (desktop and online), Saasu, Xero, TaxCycle and others
Benefits Management (For only $1 more/employee. Monthly min $100)
Project Costing (For only $1 more/employee. Monthly min $100)
Employee import
User roles: 5
Employees: upto 500
History: Unlimited

Multiple Clients (Accountant Plans)

Custom

Features

Up to 75 employees
Up to 20 clients
Client Dashboard
Delegate Access
Unlimited Payrolls
All provinces and Territories
Multiple pay rates and schedules
Manual Runs
Off-Cycle Pay Runs
Pay Rules
Vacation Rules
Direct Deposits (There are no monthly fees, file fees or submission fees for this service. There is a one-time setup fee for each source (business) account for electronic payments. Transaction fees apply.)
Remittance to CRA / RQ
Timesheet Import
Employee Import
Create T4’s, T4A’s, RL-1
Create ROE’s
Company Tax Summary
Payroll Reports
Print Reports/PDF
Print Cheques
Accounting Integrations
Time Tracking Integrations
Employee Portal
Lifetime Access
Electronic Payslips
Pay Stubs and Tax Forms
Payday Emails
Phone, Email, Forum
Online Enrollment

Custom (Accountant Plans)

Custom

Features

Up to 500 employees
Unlimited clients
Includes features of Multiple clients (Accountant Plans) plan, plus
Project Costing (Additional fees may apply for project costing. Contact the vendor for details.)
Custom GL
Custom Employee Numbers
Dedicated Account Manager
Benefits Management (Additional fees may apply for benefits management. Contact the vendor for details.)

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Disclaimer: The pricing details were last updated on 27/06/2018 from the vendor website and may be different from actual. Please confirm with the vendor website before purchasing.

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