Top 7 Free and Open Source Payroll Software
Open Source Payroll Software and Human Resource Management Software are creating quite a buzz nowadays, thanks to the immense benefits they bring to an organization! For corporations to capitalize on maximum workforce output, they need to utilize modern, high-quality software technologies for optimal human resource management.
Payroll software is a tool that aims to restructure and automate the method of paying the employees of a company, making the task of processing payroll less time-consuming and convenient. Some of the major advantages of open source payroll software include cost savings, improved security, and better vendor stability. Let us now have a deeper look at some of these utility drivers:
1. Collabrill
This India-based HR tool is a payroll software which includes modules for employee management, leave, attendance, and payroll. It uses a cloud-based system which is user-friendly and has very a very easy setup process. It provides an end-to-end solution for all your payroll activities, making it an affordable, convenient and easily adaptable answer to all HR related payroll issues. The most exciting part is that this payroll tool is absolutely free of cost for up to 19 users!
Features
- Variety of modules such as Recruitment, Sales and Invoicing, Project Management etc.
- Collaboration with all stakeholders-clients, employees, vendors
- Ongoing continuous system support
- Cloud-based interface
- Easy implementation and user-friendly design
2. Timetrex
This is an established open source solution that combines time-tracking and payroll. It has the capability to run on non-Windows operating systems and undertakes all activities of payroll processing. Timetrex is a complete miracle worker and ensures that scheduling, attendance, and payroll can be processed in the matter of a few clicks! TimeTrex’s payroll module is straightforward, multi-platform has a choice of deployments and a range of support options. It is completely free of cost and an open source payroll system interface available for use.
Features
- Advanced payroll tax calculator to compute taxes
- Direct electronic transfer of funds to employees
- Provides support to the third party outsource providers
- Detailed electronic pay stubs for each employee
- Customizable reporting with various graphic designs
3. OpenPro
This flexible payroll improves payroll management for employers and helps enhance productivity. Its super-efficient system streamlines your payroll process, improves productivity and simplifies administration. OpenPro software performs a number of specialized services ranging from calculating payroll checks with individual deductions to maintaining sensitive employee information. OpenPro payroll is also updated to include international payroll process and reporting. This is a completely open source and free payroll software, making it a boon for all budding enterprises.
Features
- Keeps effective, up-to-date employee records
- Manages employee salaries and pay grades
- Tracks employee benefit plans
- Documents employee performance and attendance.
- Create employee policy records
- Ensures government compliance and organizational reporting requirements
4. Paymaster
This is multi-dimensional software that matches the needs of both small and large organizations. Paymaster assists managers to create the salary structure of all employees and a payroll summary as well. It can also handle cost accounting by analyzing and reporting wage costs to multiple branches and departments, different pay rates, etc. This is a free and open source payroll software, which makes it a must try for any firm in order to magnify end line results!
Features
- Includes electronic fund transfer credit system
- Online Employee self-service functionality
- Access to all reports and pay slips (24/7)
- Controls global tax compliance and risk issues
- Provides online support
- User-friendly interface and template design
5. Talypayroll
This is a popular online payroll software suite designed to provide you with a simple and efficient way to manage the HR records and payroll of your business online. Talypayroll is the complete solution for all payroll related processes of any organization. It has a number of innovative features and can be customized to suit your specific business needs. The best part about it is absolutely open source payroll software and easily available for use.
Features
- Creates, prints payslips and saves to PDF
- Weekly, fortnightly and monthly payroll runs
- Online payroll software support for employee loans
- Data securely stored on company servers
- Free version supports up to 5 employees per company
- Online payroll software support for directors, independent contractors, and hourly pay
- Employees can view their own payslips online
6. Payroll4free
This tool is a lifesaver for HR managers as it provides full-featured payroll software and service with professional support, for free! It provides a gamut of novel features that completely handles the end-to-end payroll processing of organizations in the most effective manner. Payroll4free is a versatile, flexible and speedy software interface that can manage any size payroll with the most sophisticated and intricate requirements.
Features
- Cloud-based interface
- Option to give employees paper checks or direct transfers
- Time Management and Scheduling of Employees
- Manages taxes and deductions
- A large variety of report templates
- Option to import data from the time clock
- Live, 24/7 customer support
7. Thankyou Payroll
This is a cloud-based, full service, and free payroll solution for small to medium-sized businesses and not for profit organizations. The software streamlines a number of services to ensure efficient payroll processing of your firm. It can also integrate with Xero, Workflow etc. Thankyou Payroll saves HR managers many valuable hours reducing their manual work by fully automating the payroll process, thereby enhancing convenience, speed and efficiency.
Features
- Calculates and tracks employee work hours
- Manages employees leave entitlements
- Keeps track of changes in pay/tax legislation
- Secures sensitive payroll information
- Provides continuous live support
It’s important for companies to choose the right fit for their specific business requirements and capitalize on the immense benefits of payroll systems. A great payroll solution can help revolutionize the success story of an organization and propel it to unprecedented heights!
