Wave Payroll

Payroll solution for small businesses

4,4 /5 (46 reviews) Write a Review!

Wave Payroll Overview

What is Wave Payroll?

Wave Payroll is a payroll management solution designed to help small businesses simplify and automate payroll processes, as well as stay compliant with taxes and deductions. With Wave Payroll, users can track and manage vacations, benefits, and overtime accurately and efficiently, and provide users with quick access to accurate pay stubs and reports. As a cloud based solution, Wave Payroll gives users the flexibility to access and manage payroll information anytime, anywhere, via any internet-enabled device.

Wave Payroll provides users with all the features necessary for small businesses to run payroll including Wave accounting, invoicing and receipt scanning integration, timesheets, tax forms, payroll reminders, and self-service check printing. An employee self-service portal enables users to access pay stubs and W2s conveniently online, while secure collaboration tools allow users to share information safely with bookkeepers, partners or assistants. 256-bit encryption and data backups ensure all data is managed safely and securely.

Wave Payroll supports automatic filings and payments for users in Canada, Arizona, California, Florida, Georgia, Indiana, Illinois, Minnesota, New York, North Carolina, Tennessee, Texas, Virginia, Washington and Wisconsin. Since Wave Payroll connects seamlessly to all other Wave accounts, users can record payroll journal entries automatically. Wave Payroll also support direct deposits, allowing users to deposit pay directly into an employee's bank account.

Wave Payroll Overview

Pricing

Starting from
US$20,00/month

Pricing options

Free Trial
Subscription
Value for money

USA pricing:
Tax service states (California, Florida, New York, Illinois, Virginia, North Carolina, and Washington): $35/base fee + $4 per employee/month
Self service states (All other 43 states): $20/base fee + $4 per employee/month

Canada pricing:
$20/base fee + $4 per employee/month


Wave Payroll Features

Devices
Business size
S M L
Markets
United States, Canada
Supported Languages
English

Media

Payroll Summary
Timesheets
Direct Deposit Transactions
Wave Payroll screenshot: Payroll Summary Wave Payroll screenshot: Timesheets Wave Payroll screenshot: Direct Deposit Transactions

Wave Payroll Reviews

Wave Payroll Reviews

Overall rating
4,4
/
5
Excellent
33

Very good
4

Average
5

Poor
1

Terrible
3

Value for Money
4,1
Features
3,9
Ease of Use
4,3
Customer Support
4,1
80% recommended this app
Shaun d S.

If was any simpler it'd be illegal

Super simple. We were actually able to get everything set-up in 4 hours, not missing a beat, employees were paid on time and reporting cash in - cash out doesn't require a degree from MIT.


Verified Reviewer

Wave is better than Xero & QuickBooks

My overall experience has been spectacular. It was easy for me to add bank accounts and integrate other key extensions. I prefer this over Xero only because it's free and easy to use on both mobile and desktop. It's packed with many things that I still have to explore when I get the chance. I think everyone should give this software a shot before they decide on moving on to a paid platform.


Kalman G.

This is very DIY and was missing important things


Aisha L.

I have been using WaveApp For 2 years


Geoff J.

The BEST, most simple accounting software

With wave accounting I am able to easily create invoices and bills. I am able to effortlessly pay contractors & employees with direct deposit.


Shaun d S.

If was any simpler it'd be illegal

Used Daily for 6-12 months
Reviewed on 2018/07/18
Review Source: Capterra

Super simple. We were actually able to get everything set-up in 4 hours, not missing a beat, employees were paid on time and reporting cash in - cash out doesn't require a degree from MIT.

Pros

I can't even begin to say how SIMPLE it is! I was looking for something that my Daughter and Wife could use to do AR/AP as well as payroll. It took me literally 4 hours to get 237 employees added with their payroll information. Didn't miss a payday :-)

Cons

The invoicing was/is clunky. You only have 3 designs to choose from. I haven't found a way to import designs from another invoicing software that I was using. I'd kind of like to just have one......but it's not too important right now.

Rating breakdown

Value for Money
Ease of Use
Customer Support

Likelihood to recommend: 8.0/10

Verified Reviewer
Industry: Marketing & Advertising
Company size: Self Employed

Wave is better than Xero & QuickBooks

Used Weekly for 1-5 months
Reviewed on 2020/02/07
Review Source: GetApp

My overall experience has been spectacular. It was easy for me to add bank accounts and integrate other key extensions. I prefer this over Xero only because it's free and easy to use on both mobile and desktop. It's packed with many things that I still have to explore when I get the chance. I think everyone should give this software a shot before they decide on moving on to a paid platform.

Pros

I like that it's completely free and has many easy aspects of adding receipts, reporting, tracking your expenses, bank accounts and more. I compared it with other bookkeeping software and Wave is the best because it's free and does the same things as other platforms but more. I will mainly be using this in my business to keep track of taxes and file it accordingly.

Cons

There are no cons for me for this software as I recently started using it. I think the only thing they should do is continuously adding more features and updates.

Rating breakdown

Value for Money
Ease of Use
Customer Support

Likelihood to recommend: 10.0/10

Kalman G.
Industry: Marketing & Advertising
Company size: 2-10 Employees

This is very DIY and was missing important things

Used Daily for 1+ year
Reviewed on 2020/01/15
Review Source: Capterra

Pros

Price. Seemed like less $ than other services. We were using Wave for accounting and that software has more good things going. For someone with a DIY mentality around Taxes and regulatory alignment, I guess this could be ok.

Cons

They missed some notes about things we need to file and it cost us money and time.

Rating breakdown

Value for Money
Ease of Use

Likelihood to recommend: 2.0/10

Aisha L.

I have been using WaveApp For 2 years

Used Daily for 2+ years
Reviewed on 2018/06/25
Review Source: GetApp

Pros

I absolutely love Waveapp. It is easy to use to manage my client invoices, estimates, employee payroll, and track business expenses.

Cons

The only drawback is waiting several days for funds to be transferred to your bank account. When my clients make a payment, I get a notification that I have been paid, however, those funds take a few days before they actually show up in my bank. It would be great if Waveapp was a bank as well.

Rating breakdown

Ease of Use

Likelihood to recommend: 10.0/10

Geoff J.
Industry: Real Estate
Company size: 51-200 Employees

The BEST, most simple accounting software

Used Daily for 2+ years
Reviewed on 2019/03/07
Review Source: Capterra

With wave accounting I am able to easily create invoices and bills. I am able to effortlessly pay contractors & employees with direct deposit.

Pros

Ease of use, customer service, price, features & design.

Cons

Some solutions require a work around that is not intuitive.

Rating breakdown

Value for Money
Ease of Use
Customer Support

Likelihood to recommend: 10.0/10

User recommendation
7,9/10
Based on 46 user ratings
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Wave Payroll Pricing

Wave Payroll Pricing

Starting from
US$20,00/month
Free Trial
Subscription
Value for money

USA pricing:
Tax service states (California, Florida, New York, Illinois, Virginia, North Carolina, and Washington): $35/base fee + $4 per employee/month
Self service states (All other 43 states): $20/base fee + $4 per employee/month

Canada pricing:
$20/base fee + $4 per employee/month

USA pricing:
Tax service states (California, Florida, New York, Illinois, Virginia, North Carolina, and Washington): $35/base fee + $4 per employee/month
Self service states (All other 43 states): $20/base fee + $4 per employee/month

Canada pricing:
$20/base fee + $4 per employee/month

Value for Money
4,1/5
Based on 46 user ratings
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Wave Payroll Features

Wave Payroll Features

API
Activity Dashboard
Activity Tracking
Applicant Tracking
Automatic Notifications
Customizable Branding
Customizable Reporting
Data Import/Export
Employee Database
Employee Management
Employee Onboarding
Employee Portal
Employee Self Service
Performance Management
Real Time Reporting
Recruitment Management
Reminders
Reporting & Statistics
Self Service Portal
Third Party Integration
Features
3,9/5
Based on 46 user ratings
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Categories

Additional information for Wave Payroll

Additional information for Wave Payroll

Key features of Wave Payroll

  • 256-bit SSL encryption
  • Activity dashboard
  • Approval process control
  • Automatic filings & payments
  • Banking information management
  • Benefit calculations
  • Bonus tracking
  • Compliance management
  • Contact information management
  • Data migration
  • Direct deposit
  • Employee self-service portal
  • Information for tax forms
  • Overtime tracking
  • Payroll journal entries
  • Payroll management
  • Payroll reminders
  • Records of employment
  • Reports
  • Secure collaboration with bookkeeper
  • Self-service check printing
  • Self-service pay stubs & tax forms
  • Tax calculations & deductions
  • Vacation tracking
  • Wave accounting integration
  • Year-round record keeping

Benefits

  • Wave Payroll manages vacations, bonuses and other benefit calculations, and provides accurate pay stubs and reports.
  • In Canada, New York, California, Florida, Texas, Illinois, Virginia, North Carolina, Tennessee, and Washington, Wave’s complete payroll tax service can automatically pay and file state and federal payroll taxes.
  • Payroll journal entries automatically record as Wave Payroll connects seamlessly with the rest of a Wave account.
  • Supports direct deposits, allowing users to make deposits directly to employee your bank accounts quickly and reliably.
  • Employees can log into Wave securely to access their pay stubs and tax forms, and manage their contact and banking information.

  • Wave Payroll FAQs

    Wave Payroll FAQs

    Below are some frequently asked questions for Wave Payroll.

    Q. What type of pricing plans does Wave Payroll offer?

    Wave Payroll offers the following pricing plans:

    Starting from: US$20,00/month

    Pricing model: Subscription

    Free Trial: Available

    USA pricing: Tax service states (California, Florida, New York, Illinois, Virginia, North Carolina, and Washington): $35/base fee + $4 per employee/month Self service states (All other 43 states): $20/base fee + $4 per employee/month Canada pricing: $20/base fee + $4 per employee/month

    Q. What are the main features of Wave Payroll?

    Wave Payroll offers the following features:

    • 256-bit SSL encryption
    • Activity dashboard
    • Approval process control
    • Automatic filings & payments
    • Banking information management
    • Benefit calculations
    • Bonus tracking
    • Compliance management
    • Contact information management
    • Data migration
    • Direct deposit
    • Employee self-service portal
    • Information for tax forms
    • Overtime tracking
    • Payroll journal entries
    • Payroll management
    • Payroll reminders
    • Records of employment
    • Reports
    • Secure collaboration with bookkeeper
    • Self-service check printing
    • Self-service pay stubs & tax forms
    • Tax calculations & deductions
    • Vacation tracking
    • Wave accounting integration
    • Year-round record keeping

    Q. Who are the typical users of Wave Payroll?

    Wave Payroll has the following typical customers:

    Small Business, Freelancers

    Q. What languages does Wave Payroll support?

    Wave Payroll supports the following languages:

    English

    Q. What type of pricing plans does Wave Payroll offer?

    Wave Payroll has the following pricing plans:

    Subscription

    Q. Does Wave Payroll support mobile devices?

    We do not have any information about what devices Wave Payroll supports

    Q. What other apps does Wave Payroll integrate with?

    Wave Payroll integrates with the following applications:

    PieSync, Sage People

    Q. What level of support does Wave Payroll offer?

    Wave Payroll offers the following support options:

    FAQs, Forum, Knowledge Base, Online Support, Video Tutorials, Phone Support