Wave Payroll Reviews, Demo & Pricing

After getting it setup it only takes minutes to enter in timesheets and run it. This software has saved me a ton of time and frustration. When I have questuins they respnd quickly to help me out. The support staff responds very quickly to any issues or concerns that a user may have. Bit of a useless system when it can't complete all of Canada payroll. Their bot is decent but has crapped out on me a few times. User-facing pages are nice looking, invoices and other docs look professional.

• Their accounting and invoicing software is free and unlimited, so you get instant access to all features after signing up.
• Since then, she has contributed to numerous print and web-based publications, including Barron’s and Kiplinger’s Personal Finance Magazine.
• For states where Wave does not offer tax administration, the Wave Payroll fees are $20 per month for the service, plus $6 per employee or contractor.
• And, if you’re a resident of New York, California, Florida or Texas, you can add full payroll tax services for an additional $10.
• Reach out to the vendors of the software, have one meeting to tell them your process.
• Wave Invoicing is free, but works especially well with their paid feature—Payments by Wave (customers click “pay now” on your invoice and you can accept faster online payments).

During our testing, we found Wave to be extremely easy to use compared with tools like QuickBooks and Zoho Books, though also less advanced as well. We also noted that the application offers a ton of step-by-step self-help options within the dashboard, which will help those who are newer to accounting software tools. Wave Financial Inc. is an accredited business with the Better Business Bureau and has an A+ rating from the company. However, Wave has received a customer review rating of 1.65 out of 5 stars on BBB, based on 20 customer reviews. These reviews cite withheld payments on invoices and suspended accounts as reasons for the negative reviews. Payroll by Wave is a web-based payroll software created for small business owners.

Intuit Quickbooks Payroll

Wave Payroll is a highly intuitive payroll software add-on to Wave’s free accounting system. Best suited for small businesses with fewer than 15 employees, it lets you pay employees or contractors, includes workers’ compensation, and has an employee portal. It’s quick to set up and easy to use, but files taxes only for 14 states and has limited reporting and HR features. When you sign into your Wave Payroll account for the first time, you’ll be prompted to provide a variety of necessary information to begin processing payroll.

Simply because it was free and has everything I need in it to manage and keep track of my small business. 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. Icon"Negative option for signing up. Lack of user friendly interface." Icon"The app sometimes crashes. Other than that, there no other cons with the software." Icon"I started with the free version for accounting only and like the integrations in all areas of my accounting needs." Sign up for Lab Report to get the latest reviews and top product advice delivered right to your inbox.

What We Recommend Wave Payroll For

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They were ok, but they cost me about five times the price, and their system has certain traditional accounting options that are way too much for me. Wave does great simple accounting at a really cheap price. I recommend it for any small business owner who needs something they can handle on their own without hiring their own accountant. Now I'm back on e-mail support and it's fine — cheaper anyway. Phone or e-mail, the support staff are all genuine and work with you on a sincere one-to-one basis… With wave accounting I am able to easily create invoices and bills.

Customer Support

You also can't track billable hours using Wave but, instead, would have to manually track and add that information to an invoice. Wave supports multiple businesses, which is a useful feature if you run more than one company. From your account, you can switch business profiles, so you don't have to create separate accounts and logins for each of your businesses.

While Wave has a good invoicing capability, it still comes up short in terms of other features. For instance, you can’t combine multiple checks in a single deposit, issue a credit memo to a customer, or add tracked expenses to an invoice.

Negative Reviews & Complaints

As payroll and tax payments are paid out and as you replenish your account, these are reflected in the “Wave Payroll Clearing” account. The system categorizes the transactions (i.e., “Payroll Liabilities” or “Transfer to Wave Payroll Clearing”) for easy payroll bookkeeping. In addition, Wave Payroll has a dashboard where you can see important payroll and tax filing dates, including holidays. It even shows your total payroll costs for the pay period. If you’ve yet to set up your direct deposits, a task reminder will appear on the dashboard that includes a link to the system’s direct deposit set up page. There are several comparably priced payroll applications on the market today that offer full-service payroll processing and include a lot more features and functions than Wave Payroll offers.

I as a CEO of a small software company ask my fellow startups to not use this service they are scam fraud or whatever you call them. The next chargeback was by a customer who simply used our services for about 6 weeks and abruptly chose to end using the services despite our repeated attempts to assist him. We provided documentation of our providing services as promised, as well as proof of the terms of service the customer agreed to.

Payroll By Wave Vs Quickbooks Payroll Comparison:

I am actively looking for a replacement for WaveApps and I will be deleting my account. They've been charging our account with subscriptions we haven't been using and refused to refund when requested. Product reviews help the rest of us make great decisions. I would never use this service again, as when you would hope they would have your back, they didn't, nor did they seem to care to fight the banks on your behalf.

You’ll be guided to a screen where you can see a list of all your employees, what they’re owed for the pay period, their tax deductions, bonuses and more. If anything looks off, you can navigate to that employee’s profile and make adjustments in the “Benefits and Deductions” tab. If you are migrating over from another payroll platform, Wave also recommends having your payroll history on hand to ensure the accuracy of your tax reporting moving forward. Insperity- Insperity takes care of your HR needs by managing employee benefits, payroll proccessing, and much more. Make the business case to go with the product you think is best. As you bring it around for approvals, add to it, update it. Reach out to the vendors of the software, have one meeting to tell them your process.

It also competes with Xero and QuickBooks, though it’s less nuanced than those tools. Wave allows you to add customer contact information manually or to import your list of contacts from Google Contacts and via CSV file.

Honest, Objective Reviews

The only thing I don’t like is that I can’t set up payroll to run automatically each week. My employees are salary so the pay is the same each week. We cancelled our subscription because the system cannot process QC payroll. Now we have an outstanding balance that we can't pay unless we reactivate… This is a platform wave payroll reviews issue that seriously needs to be fixed. 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. If you haven't already entered all of this information, you can do so when you process the payroll.

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• Tim Yoder is a subject matter expert at Fit Small Business focusing on small business bookkeeping, accounting, and tax content.
• Comparisons Trying to decide between two popular software options?
• There aren't contracts to sign or monthly fees to pay to use this service.
• Mobile applications are available for Wave Receipts and Wave Invoices, which will allow you to scan receipts and send an invoice on the go.
• They always get back to me and check back to see if my problem has been resolved.
• While Wave has an automatic reconciliation feature, it doesn’t allow for any reconciling items, such as checks written but not yet processed by your bank.

They also appreciate its affordable plans and the seamless integration with Wave Accounting. However, others wished that it offered more features and robust reporting.

Wave Payroll Features

$20 per month plus $6 per employee or independent contractor for users living in the remaining 36 states. Users living in these self-service states can use Wave to calculate payroll taxes, but they have to file the paperwork by themselves. It even provides automated taxes payment and filing services, including year-end reporting, but only in 14 states. It will also file new hire reports for employees in these states. However, you need to complete Wave Payroll’s tax payment information requirements before you can enjoy this service.

You'll have to ask new employees to complete a W-4 form so you can enter its details. Payroll by Wave accomplishes this by providing a link to the official form on the IRS site; the employee has to print and complete it. Rippling and other sites provide more convenient ways to do this, including the ability to sign onboarding documents electronically. For paying contractors, Wave Payroll has a slightly different system.

For a free accounting software solution, the user experience is great. Considering that Wave is free, there's no need for a trial period.

A subsidiary of Wave Financial, Wave Payroll is a management solution designed to simplify and automate payroll processes. It is primarily built for payroll but you can connect the software to the Wave accounting platform for heavy-duty accounting such as invoicing and receipt management. Merchant Maverick’s ratings are editorial in nature, and are not aggregated from user reviews. Each staff reviewer at Merchant Maverick is a subject matter expert with experience researching, testing, and evaluating small business software and services. Merchant Maverick’s ratings are not influenced by affiliate partnerships. Payroll by Wave has clear pricing with no setup fees or hidden charges. (It also offers a free 30-day trial of the program.) At the moment, the full-service tax option is only available in a handful of states, but there are plans to expand in the future.

For those businesses are just getting started and have less history. However, QuickBooks Online is probably the most comprehensive accounting tool on the market – especially if you have the budget and requirements to justify the higher price plans. Only has built-in and supported integrations with Google Sheets and PayPal, but you can sync it to your other apps using solutions like Zapier (best for one-way trigger-action automations).

Payroll by Wave's pricing starts from a $20.00 base fee per month plus $6.00 per active employee or $6.00 per independent contractor paid. The platform features timesheets to track time and attendance for payroll purposes.