Wave Payroll Review: Cost, Features, Alternatives

wave payroll

Price depends on the state in which you do business and how many employees you process. Many or all of the products featured here are from our partners who compensate us. This influences which products we write about and where and how the product appears on a page. Here is a list of our partners and here’s how we make money.

wave payroll

They’ve also commented on the automatic generation of tax forms being a handy feature. We believe everyone should be able to make financial decisions with confidence. These 14 states include tax services with the option to automatically transfer tax payments and file the paperwork with your state tax office and the IRS (this excludes 1099 Filings). Your employees can log into Wave securely to access their pay stubs and T4s, and manage their contact and banking information. Further specifics may be required by state or local governments.

Worker’s compensation insurance options

They can also update their contact information, tax withholdings and other information. While these abilities are the norm, Wave’s gorgeous interface will impress your staff. In turn, this positive experience can improve morale and give a more professional image to your business, which can help reduce employee turnover. Wave also charges an additional fee for receipt scanning — unless you upgrade to Wave Pro, Wave’s paid accounting plan, which costs $16 per month. Wave Pro also includes thorough automation, expense tracking and multiple users. Wave Pro users also get a slight discount on transaction fees.

That’s why a payroll software like Wave’s can help ease the burden of doing payroll on your own. We’ve also crafted a guide to small business payroll to help you navigate the process. Our payroll software is seamlessly connected with the rest of your Wave account to reduce the time you spend on manual bookkeeping. Deposit payments quickly, reliably, and directly into your employees’ bank accounts. Stay updated on the latest products and services anytime anywhere.

wave payroll

Its user interface is gorgeous and focuses on point-and-click simplicity. Anyone can quickly start paying staff without complication. Our partners cannot pay us to guarantee favorable reviews of their products or services. We totally get it—running payroll for your small business can seem like a daunting task, especially when you’ve got so much on your plate.

Tools that help you make money moves

This array includes performance management, time-tracking and tools for employee onboarding. Plus, the competitor supports global operations beyond the U.S. and percocet and alcohol Canada. If you’d rather not deal with payroll, HR, hiring and offboarding on your own, a professional employer organization like Justworks can do it for you.

  1. That’s right, you can balance your books and generate invoices at no additional cost.
  2. We don’t guarantee that our suggestions will work best for each individual or business, so consider your unique needs when choosing products and services.
  3. Wave Payroll lets businesses manage payroll, employee deductions and taxes all in one platform.
  4. While it offers a reasonably priced option for small businesses, it is lacking in some features compared to competitors and only offers tax filing services in 14 states.

Give your customers the option of paying with one click using a credit card, bank transfer, or Apple Pay. At Business.org, our research is meant to offer general product and service recommendations. We don’t guarantee that our suggestions will work best for each individual or business, https://accountingcoaching.online/ so consider your unique needs when choosing products and services. You can’t call Wave for help, which is frustrating. Instead, you can access Wave customer service only online, either by submitting a request on the Wave site or pressing the “help” button on your Wave account.

Doing payroll manually involves confusing and time-consuming calculations. Not to mention the stress of worrying about making errors and winding up in a tax audit (yikes!). Only pay for what you use and simplify annual audits with workers’ comp built for small business owners. Our servers are protected physically and electronically. Any connections between you, your bank accounts, and Wave are protected by 256-bit SSL encryption.

Wave Payroll lets businesses manage payroll, employee deductions and taxes all in one platform. Employers can run payroll for employees and contractors, connect their accounts with Wave Accounting and let Wave file their payroll taxes for them in some states. It also provides employees with a portal to access and update their information. SurePayroll is an affordable and straightforward payroll software that offers automatic payroll runs, tax filing, and exceptional customer service. Wave’s tax-service (aka full-service) plan adds automatic payroll tax filing to its list of software tasks. You won’t have to worry about calculating payroll taxes correctly or about filing them on time—Wave Payroll does it for you.

Wave Payroll FAQ

With Wave Payroll, businesses can customize their payroll schedules. While ADP and others also provide this ability, Wave offers it at a much more affordable price. This lower cost is a testament to Wave’s keen small-business appeal. The platform doesn’t offer various subscription “tiers.” Instead, everyone gets the same features included — except for automated tax filings. That perk, which determines your final price, depends on where in the U.S. your employees work. Customers like Wave Payroll’s simple interface and say it’s easy for those without accounting experience to run payroll.

Still, there is an expense involved, just not upfront. Businesses in states where tax services are available pay a base fee of $35 per month and an additional $6 per month for every employee or independent contractor. Wave Payroll’s app, while functional, only encapsulates some of the features available on its desktop version. This discrepancy can frustrate business owners or HR personnel who need to manage payroll on the go.

Pay stub generator

However, that’s the only difference between it and Wave’s self-service payroll option. Create beautiful invoices, accept online payments, and make accounting easy—all in one place—with Wave’s suite of money management tools. Simply enter the information about your company, employee, income, and deductions to create an example professional pay stub instantly.

While Justworks is a good deal more expensive than Wave Payroll, it’s definitely more fully featured and saves busy business owners a great amount of time. While Wave Payroll nails payroll basics, businesses seeking a more comprehensive HR solution might feel underwhelmed. The platform lacks advanced abilities, like talent and performance management and advanced data analytics.

This beautiful approach is invaluable for small-business owners who might not be payroll experts. The point-and-click interface is structured so that even novices can dish out paychecks stress-free. If a super easy-to-use payroll software is your dream, Wave Payroll delivers.