Wave Payroll Review Pricing, Comparisons, and FAQs

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Others said that the support team is unresponsive and unhelpful. If you’ve narrowed your search down to a few payroll providers but still can’t decide, read our guide on choosing the best payroll solution for help. Perhaps Wave’s limited functions are too underwhelming for you, or maybe you need international support in Europe or elsewhere. Wave Payroll isn’t just beautiful for small-business owners — it also offers a rich experience for staff members. Wave Payroll boasts several standout features designed to make the payroll process hassle-free. We’re firm believers in the Golden Rule, which is why editorial opinions are ours alone and have not been previously reviewed, approved, or endorsed by included advertisers.

  • The system even automatically processes direct deposit payouts whenever pay runs are approved.
  • Others said that the support team is unresponsive and unhelpful.
  • Payments are made via direct deposits and paychecks that you print yourself.
  • With timesheets, you can track the hours of your hourly and salaried employees.

Both QuickBooks Payroll and Wave Payroll lack compliance management, but Wave Payroll features a detailed employee portal, which QuickBooks Payroll lacks. Robie Ann Ferrer is an HR expert writer at Fit Small Business, focusing on small business HR and payroll software content. She has over eight years of content writing experience, handling different topics. Robie also worked as an HR specialist for 10 years where she managed various facets of HR—from payroll and benefits to employee services and HR systems. Unlike most small business payroll systems, which streamline the process of managing PTO applications, Wave Payroll doesn’t have the capability to request and approve leave transactions online.

That’s why Wave’s payroll software 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. Although paycheques and pay stubs are generally provided together, they are not one and the same. A paycheque is a directive to a financial institution that approves the transfer of funds from the employer to the employee. A pay stub, on the other hand, has no monetary value and is simply an explanatory document. It will be your responsibility to ensure that taxes after the month you cancel are submitted and filed to the applicable agencies.

Pay stubs generally show how an employee’s income for a particular pay period was derived, along with line items of the taxes withheld, voluntary deductions and any other benefits received. Further specifics may be required by state or local governments. It also supports paid COVID-19 sick leave and COVID-19 family and medical leave, allowing you to claim tax credits for these transactions.

Gusto Payroll Software

OnPay’s benefits are comparable to Gusto’s and cost a little bit less. While Wave Payroll does offer a few customer support options, including email support and chatbot support, they’re not necessarily reliable. We tried to ask a question through the chatbot feature and didn’t receive a helpful response. You may have better luck seeking support via the self-service Help Center.

  • Wave Payroll is a good option for very businesses with simple payroll needs.
  • As long as you have the required information, there’s no need to shell out money for a fancy software to create pay stubs.
  • You can also use its self-service payroll with do-it-yourself tax filings for only $20 plus $6 per worker monthly.
  • Stay compliant with the legal stuff, and make tax time even easier with Wave’s payroll software.
  • Users love its simple-to-use interface, even if some features take a few more steps to complete.

You can also click on the Review this Payroll button to take a look at your current payroll, with the total payroll amount displayed prominently. If you need to make any changes to the displayed payroll, you’ll need to delete the current payroll in order to enter any changes. The company Wave Apps has a customer score of 1.54 out of 5 stars with the Better Business Bureau. Keep compliant and save time by having Wave handle your Canada Revenue Agency tax remittances on your behalf.

Wave Payroll’s key drawbacks

Employees and contract workers can set up their profiles and taxes themselves in an employee portal, and they’ll get paid three days after you process payroll if they choose direct deposit. You technically can process payroll without using software, but this can be risky, especially for employers who don’t have the time or accounting skills to process payroll correctly. Mistakes and errors can lead to hefty tax penalties, which would offset any money saved through DIY payroll processing methods. This is why it’s recommended that small business owners use payroll software instead.

Wave Payroll reviews

While Wave’s main product is its free accounting platform, Wave Payroll is a paid, mid-tier solution that is equipped with standard features like automatic payments and multi-state filing. Although Wave Payroll lacks the flexibility of different payroll schedules, it is still a budget-friendly solution for small businesses. However, some of Wave Payroll’s online tools, while simple, take more steps or clicks than with other payroll software. It may have an online help center you can access 24/7, but not all of the articles contain step-by-step details.

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Wave Payroll stands out with its simplified dashboard and intuitive design. 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.

It even helps you calculate the vacation leave accrual credits that employees should earn weekly. In addition to changing personal information, you can update the workers’ employment status from active to inactive. You can exclude them from your pay runs if they’re not working by tagging them inactive and then switching them back to active status as needed.

What is the easiest payroll software to use?

Create beautiful, free invoices that reflect your business branding. Automate overdue reminders, set up recurring bills, and add notes or terms of service with ease. Automated, accurate payroll helps you stay compliant, save time, and be stress-free. Headings, paragraphs, blockquotes, correcting employment taxes using form 941 figures, images, and figure captions can all be styled after a class is added to the rich text element using the “When inside of” nested selector system. Sign up to receive more well-researched small business articles and topics in your inbox, personalized for you.