Paychex Acronyms
This acronym stands for the process of electronically transferring net payroll earnings from the client’s pre-authorized payroll bank account into the employees’ pre-authorized accounts.
What is ACH (Automated Clearing House)?
This Paychex product handles the paperwork and administrative demands of a 401(k) plan at an affordable price.
What is Paychex Retirement Services?
This Paychex service provides clients with administrative services for insurance products, such as health and life insurance.
What is Paychex Insurance Agency, Inc.?
Paychex was founded on this core service, which remains a focus for the company with more than 600,000 clients.
What is small business payroll?
This Paychex bundle is suited for clients who are looking for a lower-cost, paperless, self-service option for payroll processing.
What is Express Payroll?
This acronym represents the federal agency in charge of developing and enforcing worker safety regulations.
What is OSHA (Occupational Safety and Health Administration)?
This Paychex product is a robust, online, do-it-yourself employee handbook builder.
What is Employee Handbook Builder?
This Paychex service assumes responsibility for tracking, reporting, and paying a client’s federal, state, and local payroll tax liabilities.
What is Taxpay®?
This Paychex platform is one of the most comprehensive, mobile, and cloud-based technology suites available.
What is Paychex Flex?
This Paychex bundle is a full-service payroll bundle with basic compliance offering.
What is Paychex Flex Select?
This acronym refers to the electronic remittance processing system the federal government uses to process all electronically transmitted tax payments.
What is EFTPS (Electronic Federal Tax Payment System)?
This Paychex product provides clients with basic employment background investigations through HireRight, Inc.
What is Background Screening?
This Paychex service provides clients with all relevant federal and state labor posters in one easy-to-use kit.
What is Labor Compliance Poster Kits?
This Paychex service was designed to give businesses the benefit of having a superior human resource department without actually having an in-house HR department.
What is Comprehensive HR Outsourcing Services?
This Paychex bundle is a full-service payroll bundle that adds an introduction to compliance and HR services.
What is Paychex Flex Pro?
This acronym stands for the service that allows Paychex clients to distribute paper checks to employees without the administrative hassle associated with paper check reconciliation.
What is Readychex®?
This Paychex product allows employees without checking or savings accounts to participate in and enjoy the benefits of Direct Deposit.
What is Skylight® ONE Prepaid MasterCard®?
This Paychex service relieves clients of the time and cost of administering unemployment administration.
What is State Unemployment Insurance Service?
This Paychex service offers products to calculate and produce payroll checks for larger companies with more than 50 employees.
What is Major Market Services (MMS)?
This Paychex bundle is a complete HCM product offering with simplified and consistent pricing.
What is Paychex Flex Enterprise?
This acronym stands for the service that calculates premium each pay period based on actual wages and allows employers to pay their workers' compensation insurance premium on a per-pay-period basis.
What is WCP (Workers’ Compensation Payment Service)?
This Paychex product is an Internet-based HRIS service that helps clients manage performance, training, and other human resources-specific tasks.
What is Paychex Flex HR?
This Paychex service calculates and produces payroll checks, reports, and tax returns for companies choosing to outsource the payroll function.
What is Payroll Processing?
Paychex has been delivering industry-leading service for this many years.
What is more than 50 years?
All businesses that become Paychex clients are enrolled on this platform.
What is Paychex Flex?