Bench
Paylocity
| Feature | Bench | Paylocity |
|---|---|---|
| Pricing | From $299/mo | Contact sales |
| Free Plan | ✗ No | ✗ No |
| Rating | 4.1 / 5 | 4.3 / 5 |
| Best For | small-business-owners, freelancers, startups, busy-entrepreneurs | mid-size-businesses, hr-teams, payroll-managers, growing-companies |
| Founded | 2012 | 1997 |
| Monthly Bookkeeping | ✓ | ✗ |
| Financial Statements | ✓ | ✗ |
| Tax Preparation | ✓ | ✗ |
| Expense Categorization | ✓ | ✗ |
| Year End Reporting | ✓ | ✗ |
| Dedicated Team | ✓ | ✗ |
| Payroll | ✗ | ✓ |
| Benefits Administration | ✗ | ✓ |
| Talent Management | ✗ | ✓ |
| Time Attendance | ✗ | ✓ |
| Hr Analytics | ✗ | ✓ |
| Employee Experience | ✗ | ✓ |
✓ Bench Pros
- Dedicated bookkeeping team
- Year-end tax-ready financials
- Simple to use platform
- No bookkeeping knowledge needed
✗ Bench Cons
- Expensive for basic needs
- Limited real-time access
- Less control over process
✓ Paylocity Pros
- Strong payroll processing
- Good employee self-service
- Modern community features
- Comprehensive benefits admin
✗ Paylocity Cons
- Implementation can be lengthy
- Pricing not transparent
- Customer support varies
The Verdict
Bench is built for small business owners and freelancers, with a focus on monthly-bookkeeping and financial-statements. Paylocity targets mid size businesses and hr teams and leads with payroll and benefits-administration.
Paylocity uses custom enterprise pricing, while Bench starts at $299/mo — a tangible advantage for teams with a fixed budget.
Neither tool offers a free plan, so factor the subscription cost into your decision from the start.
This is a genuinely close comparison. If you can, sign up for both free trials (where available) and run a one-week test with your actual team tasks before deciding.