Yes, and in the vendor documentation the accounting connection almost always runs one way: payroll builds the journal entry and pushes it into the ledger, while the accounting system supplies the chart of accounts you map against.
Earned wage access, also called on-demand pay, lets an employee draw a portion of wages they have already earned before the scheduled payday, then repays that advance out of the same paycheck.
Benchmarking pay is a five-step sequence: leveling the job, matching it to survey jobs by content, choosing a market and a position in it, aging every source to a common date, and building a midpoint with a spread around it.
No single product is the best compensation management software, because the right choice depends on how many managers plan pay, how many cycles and currencies you run, and how tightly you need to control sensitive pay data.
No law requires payroll software: the IRS publishes the income tax withholding methods in Publication 15-T and the deposit and filing rules in Publication 15, so an employer who meets every date can run payroll on a spreadsheet.
Most full service payroll products do calculate, file, and remit federal and state payroll taxes, and vendors describe it in exactly those terms: Paychex states that it automatically calculates, files, and pays payroll taxes covering federal, state, and local obligations.
No payroll platform is best for every small business, so the choice comes down to where your accounting already lives, how many states you pay into, and how much HR help you want bundled in.
Payroll software that publishes its rates costs a monthly base fee of roughly $17 to $50 plus $4 to $8 per employee, so the effective cost per head lands near $12 to $16 at five employees and $5.