Wave Payroll is cloud-based payroll software designed to help small business owners simplify and automate payroll processes while remaining compliant with taxes and deductions. This is an additional service that is only available in the U.S. and Canada. Compared to other payroll software, Wave Payroll offers a very limited feature set, which ultimately drove the software’s feature rating down to a 3.2/5 stars. Customers like Wave Payroll’s simple interface and say it’s easy for those without accounting experience to run payroll. They’ve also commented on the automatic generation of tax forms being a handy feature.
Taxes? Tackled. Now make payroll pain-free.
The proper tax forms—1099 in the US and T4-A in Canada—are also generated manipulate time with these powerful 20 time management tips for you. Upon processing your first payroll, you can use Wave Payroll for up to 30 days, commitment-free. At any time, you can activate to start your billing cycle and gain access to items like tax filing and approving payrolls beyond the current month.
What are some Wave Payroll alternatives?
Any what is business turnover and how do you calculate it connections between you, your bank accounts, and Wave are protected by 256-bit SSL encryption. Our (non-judgmental) team of bookkeeping, accounting, and payroll experts is standing by to coach you—or do the work for you. Not to mention the stress of worrying about making errors and winding up in a tax audit (yikes!). In self-service states (all other 36 states) Wave Payroll does not make payments or file on your behalf. Automated, accurate payroll helps you stay compliant, save time, and be stress-free. A complete review of Wave Payroll, including pricing, comparisons to competitors, key information, and FAQs.
Gusto’s payroll software offers small businesses features for managing employee pay and more. Its plans offer a variety of features that let you pick what you need to support your business. Not only does it sync with other Gusto applications, but it also works with third-party applications, including QuickBooks and Xero. It also lets you pay international contractors and automatically files and pays payroll taxes in all 50 states.
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Wave Payroll offers all the basic features necessary to run payroll but not much else. Visit your dashboard or use your invoicing or accounting features, and click the peach “Upgrade now” button. Learn more about changing subscription periods and plan types, and how to cancel your Pro subscription in our Help Centre. Your employees can log into Wave securely to access their pay stubs and T4s, and manage their contact and banking information.
However, that’s the only difference between it and Wave’s self-service payroll option. TriNet Zenefits is also more affordable than Wave Payroll, with a monthly price of $10.00 +$6.00 per employee per month. SurePayroll is an affordable and straightforward payroll software that offers automatic payroll runs, tax filing, and exceptional customer service. With a starting price of $40.00 per month +$6.00 per employee per month, Gusto is the costlier option compared to Wave’s price of $20.00 +$6.00 per employee per month. Of the two platforms, only Gusto features multi-state payroll functions, automatic net-to-gross calculations, and lifetime accounts for employees. However, that’s not to say that Wave Payroll is bad payroll software.
- No worries—just check out our list of the year’s best payroll companies for small businesses.
- Employees can use self-service accounts to view pay stubs, updated information and access tax forms.
- Check out our Gusto review or SurePayroll review for comparable options with stronger payroll features and HR support.
- When rating payroll software, we are looking for very specific qualities.
Wave Payroll
Although Wave Payroll lacks the flexibility of different payroll schedules, it is still a budget-friendly solution for small businesses. Our exhaustive, 76-point rubric guides the star rating of each payroll provider we review, examining pricing, ease of use, features, customer service, and user reviews. Wave Payroll offers many marginal cost of production definition basic payroll features and works seamlessly with Wave’s accounting features like invoicing, expense tracking, and basic inventory reporting. Its full-service model is a definite rival of Intuit QuickBooks, but Wave offers a more modern and basic interface at a cheaper price point.