Payroll software is a tool to manage all the accounting needs of small, medium, large businesses, and multinational corporations. It is the easiest way to calculate employee salaries, bonuses, tax withholdings, wages, and tax deductions accurately. It is the best choice to keep track of weekly, monthly, and annual pay checks. Generally,it requires some initial information and then this software automatically calculates pays and produces pay slips. It is reliable and easy to use software.