Payroll by Wave

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
Payroll by Wave
Score 10.0 out of 10
N/A
Wave Accounting headquartered in Toronto now offers Payroll by Wave, a payroll app for small businesses.N/A
Pricing
Payroll by Wave
Editions & Modules
No answers on this topic
Offerings
Pricing Offerings
Payroll by Wave
Free Trial
No
Free/Freemium Version
No
Premium Consulting/Integration Services
No
Entry-level Setup FeeNo setup fee
Additional Details
More Pricing Information
Community Pulse
Payroll by Wave
Considered Both Products
Payroll by Wave
Chose Payroll by Wave
All the services we researched were quality options however given our size at the time I settled on Payroll by Wave apps based on cost and how easy it was to run payroll.
Chose Payroll by Wave
First is the cost. Since QuickBooks removed the inhouse solution and moved everything to the cloud, the cost for a small business is prohibited. WAVE is reasonable in cost. Support for QB isn't great they are always trying to upsell and commit. WAVE support in comparison …
Chose Payroll by Wave
Similar features, similar pricing. I selected Wave initially because my accounting is integrated with the other Wave software.
Chose Payroll by Wave
I fell Payroll by Wave is more simplified and makes more sense for me as I already use Wave for bookkeeping.
Chose Payroll by Wave
We moved away from Wave as most of our contractors are time-based, and Wave flat out refuses to provide time tracking features. We tried integrations, but the pricing/complexity goes up and reliability goes down when integrating systems which were not intended to communicate. …
Features
Payroll by Wave
Payroll Management
Comparison of Payroll Management features of Product A and Product B
Payroll by Wave
9.4
Ratings
13% above category average
Pay calculation10.00 Ratings
Support for external payroll vendors9.00 Ratings
Off-cycle/On-Demand payment9.00 Ratings
Benefit plan administration9.00 Ratings
Direct deposit files9.00 Ratings
Salary revision and increment management9.50 Ratings
Reimbursement management10.00 Ratings
Best Alternatives
Payroll by Wave
Small Businesses
Dayforce Powerpay
Dayforce Powerpay
Score 9.2 out of 10
Medium-sized Companies
Paypro Workforce Management
Paypro Workforce Management
Score 9.1 out of 10
Enterprises
Infor Human Resources
Infor Human Resources
Score 7.1 out of 10
All AlternativesView all alternatives
User Ratings
Payroll by Wave
Likelihood to Recommend
10.0
(0 ratings)
Likelihood to Renew
10.0
(0 ratings)
Usability
10.0
(0 ratings)
Support Rating
8.9
(0 ratings)
User Testimonials
Payroll by Wave
Likelihood to Recommend
Great for small business payroll needs. Reports and taxes are taken care of, everything is automated and once you're set up it's literally just a matter of minutes to run payroll each time. You also get email reminders which is helpful. There are premium features available for companies with larger/more robust needs, and I would definitely recommend looking into this software if you are searching for a user friendly payroll solution
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Pros
  • Payroll by Wave processes quickly and deposits to employee accounts automatically
  • Simple process to review time sheets, bonuses, commissions, etc...
  • Provides detailed reports
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Cons
  • Payroll is a paid feature at $10 + $4/employee per month. I suppose this is a normal expense, but other payroll systems I've used, such as ones built into online banking, have cost me a fraction of this.
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Usability
Very simple & straightforward system to learn and when time is always of the essence the efficiency is much appreciated
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Support Rating
Quick response times, personalized service. They offer in-depth videos and guides for helping to get set up. Any time I have a question about taxes or reporting, they answer quickly and give comprehensive answers. Members of the team with whom I've interacted have been courteous, friendly, and helpful. Overall, great support.
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Alternatives Considered
We moved away from Wave as most of our contractors are time-based, and Wave flat out refuses to provide time tracking features. We tried integrations, but the pricing/complexity goes up and reliability goes down when integrating systems which were not intended to communicate. We since moved to Avaza and sacrificed Payroll for more robust time tracking, project management, and a very open feature development process
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Return on Investment
  • Peace of mind that all the payroll tax-related stuff is taken care of accurately and on time.
  • Easy to use interface saves time and helps ensure I am paid on time.
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