Exact Payroll is a Pennsylvania/Florida based family owned business. Mort Lightman first started in South Florida in the early 1990s with Payroll Depot. Payroll Depot operated as one of the largest independent payroll companies in the state of Florida in the 1990s and successfully serviced thousands of clients of all sizes.
Most notably Payroll Depot helped develop and design various workers’ compensation payment options commonly preferred today by many small companies throughout the country. Exact Payroll continues the tradition of leading independent payroll operations in workers’ compensation payment alternatives and services.
Payroll Depot was one of the first companies to provide a captive payroll option for a major regional bank. Union Planters bank engaged Payroll Depot to provide payroll services to clients banking at over 300 branches in the southeast.
Payroll Depot was acquired in 2000 by Advantage Payroll. Shortly thereafter, Advantage Payroll was acquired by Paychex®. In late 2000, Mitchell Lightman sold his interest in a Pennsylvania based finance company and started Exact Payroll Inc. A few years after Paychex® acquired Advantage Payroll, Exact Payroll was opened an office in Boca Raton. This office has grown to service most of our southeast based clients.
Since inception we have grown steadily and now service clients in approximately 40 states. Our primary focus is providing accurate affordable automation to businesses with less than 5,000 employees. We excel in more complex payroll not easily served by our national competitors. Complex industries niches include (but are not limited to) staffing, construction, union, certified, restaurants, multi-state and multi-location payrolls.