The principle purpose of this article is discuss about Payroll Management Software. Payroll Software is the most proficient and successful means of managing the monetary accounts of an association. It is principally a instrument which handles, salary, bonuses, rewards, expenses, withholdings, deductions and wages of all the employees in an association. This software keeps records of weekly, monthly and yearly wages and taxes of all workers. This is a reasonable method of distributing salary to all workers. No one can say that unreasonable or unfair deductions or bonuses have been approved out of spite of help as in this case software that is the Payroll Software is taking all these payroll decisions.