The software only has one plan at $40 per month with an additional $6 per month per paid employee. Wave Payroll is a cloud-based software that helps small businesses run payroll and calculate and file payroll taxes. 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.
This array includes performance management, time-tracking and tools for employee onboarding. Plus, the competitor supports global operations beyond the U.S. and 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.
Additionally, Wave Payroll integrates with fewer third-party accounting software than solutions like Gusto and OnPay. Use this calculator to quickly determine your employees’ weekly hours for smooth and efficient payroll processing. Wave Payroll is an excellent choice for small businesses needing a simple, beginner-friendly solution. The platform focuses on keeping people paid with few bells and whistles.
Easily switch from another payroll provider
You don’t have to wait for a new quarter or year to start using payroll software—you can start running payroll at any time! And if you’re switching providers, you can make the transition 4 types of responsibility centres easily by importing all the necessary forms and information in just a few minutes. Check out our handy support article to learn how you can switch to using Wave’s payroll feature.
- For comparison, many competitors require technical knowledge to link third-party programs.
- 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.
- This influences which products we write about and where and how the product appears on a page.
- Wave Payroll also lacks benefits add-ons beyond workers compensation packages.
- This array includes performance management, time-tracking and tools for employee onboarding.
As long as you have the required information, there’s no need to shell out money for a fancy software to create pay stubs. With our pay stub generator, you can get a customized pay stub created and emailed to you, ready for use in a matter of minutes for free. Allow your customers to pay your invoices immediately via credit card, secure bank payment (ACH/EFT), or Apple Pay. Wave Payroll also lacks benefits add-ons beyond workers compensation packages. Gusto, for instance, offers not only workers compensation plans but also health benefits administration and other employee benefits add-ons. OnPay’s benefits are comparable to Gusto’s and cost a little bit less.
Wave has helped over 2 million North American small business owners take control of their finances. Wave has helped over 2 million small business owners in the US and Canada take control of their finances. https://accountingcoaching.online/ is a middle-of-the-road payroll solution that works best for current Wave Accounting users.
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.
Automatic tax remittances
While basic functions such as payroll runs are supported, the limited mobile experience may push users back to the desktop version, slashing the convenience factor. But beyond the aesthetic visuals, this small-business payroll software is limited. Its lack of support outside the United States and Canada is a dealbreaker for global organizations. Plus, there are no advanced capabilities such as performance management.
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.
Say #sorrynotsorry to your spreadsheets and shoeboxes. We’ll give you a quick estimate of the actual true cost of hiring an employee, and keep you ready for year-end. Read our review of Justworks’ PEO solution for more details.
Look professional with customizable invoices
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.
This will help us provide you with customized content. If you didn’t receive an email don’t forgot to check your spam folder, otherwise contact support. But in the other 36 states, the cost is $20 per month.
Finally, if you use Wave Payroll, you can only access customer service via live chat on weekdays or via email. Wave doesn’t have any over-the-phone support, so if you run into technical problems on a weekend, expect to deal with them on your own. Wave Payroll stands out with its simplified dashboard and intuitive design.
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.
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.
Tax payments and filings
See our full US terms here, and our full Canadian terms here. Our payroll software makes it easy to pay yourselves, your employees and contractors accurately and on-time. 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.
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.