A software program is set of instructions required for the working of any software. Software cannot work without programs being sent from the central processing unit. Payroll software programs are software programs required for calculating payroll of the organization. Payroll software programs calculate employee wages, tax withholdings, bonuses, salaries, and tax deductions. Also prepares extensive employee reports, time and attendance reports etc.

There are various Canadian payroll software available in the market which caters especially to the Canadian market. Every country has different rules and regulations regarding tax deductions and employee rules. Canadian payroll software taking all these considerations is being designed specially for Canadian business. It takes into consideration Canadian tax laws to compute employee tax payments.

Payroll and accounting software is the software which for both payroll and accounting functions. Although payroll is not very different than accounting function but software which has both functions is beneficial for those organizations who do not want to put two different softwares for payroll functions and accounting functions but one software can do. Payroll and accounting software calculates employee salaries, wages, tax withholdings, and tax deductions and also has functional features of accounts payable, accounts receivable, ledger entries, inventory control etc.