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Payroll by Wave

Payroll by Wave

Overview

What is Payroll by Wave?

Payroll by Wave is a cloud-based payroll management solution that caters to small businesses. Designed to simplify and automate payroll processes, Payroll by Wave helps businesses stay compliant with taxes and deductions while providing accurate pay stubs and reports. With features like tracking and...

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Recent Reviews
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Pricing

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What is Payroll by Wave?

Wave Accounting headquartered in Toronto now offers Payroll by Wave, a payroll app for small businesses.

Entry-level set up fee?

  • No setup fee

Offerings

  • Free Trial
  • Free/Freemium Version
  • Premium Consulting/Integration Services

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Alternatives Pricing

What is Deel?

Deel is a global payroll solution from the company of the same name in San Francisco.

What is Gusto?

Gusto offers payroll, benefits and compliance capabilities. Gusto is scaled for small to mid-sized businesses, and emphasizes an easy to use interface.

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Product Details

What is Payroll by Wave?

Payroll by Wave is a cloud-based payroll management solution that caters to small businesses. Designed to simplify and automate payroll processes, Payroll by Wave helps businesses stay compliant with taxes and deductions while providing accurate pay stubs and reports. With features like tracking and managing vacations, benefits, and overtime accurately and efficiently, this software streamlines the entire process of calculating employee salaries.

Payroll journal entries are automatically recorded in a seamless connection with other accounts in a Wave account. Utilizing support for direct deposits allows users to make payments promptly to employee bank accounts reliably without any extra effort on their part. In addition, employees can access their pay stubs securely through the platform's portal along with tax forms that they may require for filing their own returns.

Overall, Payroll by Wave grants companies greater efficiency when it comes to calculating employee compensation. Backed by a 100% accuracy guarantee which ensures confidence in tax remittances as well as issuing pay stubs, new hire reporting, year-end tax forms etc., this tool saves time while making sure employers handle payroll matters correctly—every time.

Payroll by Wave Video

Short demo of Payroll by Wave's capabilities

Payroll by Wave Technical Details

Operating SystemsUnspecified
Mobile ApplicationNo
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Comparisons

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Reviews and Ratings

(11)
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Attribute Ratings

Reviews

(1-4 of 4)
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Grace Jones | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User
Incentivized
Payroll by Wave is a reliable platform for managing and updating payroll and ensure its prepared on time. The platform is used in our organization and has improved the way we manage our payroll, automating the process helping capture all the employees benefits and dues. It's efficient and has helped us address the business problem of having erroneous payroll that's prepared manually failing to capture the due employees' benefits and wages.
  • It has a simple user-interface and fits perfectly in our organization.
  • It's efficient and helps us update our payroll and ensure employee dues are paid on time.
  • Customer support is available and willing to help all the time when one gets stuck somewhere using the plan reliably.
  • Sometimes poor internet connections impede on the proper working of the platform.
Payroll by Wave is efficient and fits well in a scenario where a company aims to expedite the process of payroll management and bring automation where the payroll is updated on time and in an error free manner. It will enable preparation of payroll on time and ensure that employees are able to view the payroll prior to payday and have any errors available are rectified on time.
Payroll Management (7)
94.28571428571429%
9.4
Pay calculation
100%
10.0
Support for external payroll vendors
90%
9.0
Off-cycle/On-Demand payment
90%
9.0
Benefit plan administration
90%
9.0
Direct deposit files
100%
10.0
Salary revision and increment management
90%
9.0
Reimbursement management
100%
10.0
  • Payroll preparation is swift.
  • Assures prudent usage of our financial resources.
Alex Pegg | TrustRadius Reviewer
Score 9 out of 10
Vetted Review
Verified User
Incentivized
Payroll by Wave is great, easy to use, intuitive payroll software. As a single owner/employee, I don't have need for a large scale or complicated system, and Wave offers a perfect solution at a very reasonable price point. Its easy to set up, and the customer support is top notch. It's literally just a few clicks of the mouse and payroll is taken care of.
  • Time-saving: Everything is saved from one pay period to the next so it's very easy to click and run.
  • Great price: Perfect for smaller businesses who don't need the extra bells and whistles
  • Customer support: Any questions are addressed quickly, set up was a breeze.
  • Can't think of any!
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.
Payroll Management (7)
62.857142857142854%
6.3
Pay calculation
90%
9.0
Support for external payroll vendors
90%
9.0
Off-cycle/On-Demand payment
90%
9.0
Benefit plan administration
N/A
N/A
Direct deposit files
90%
9.0
Salary revision and increment management
80%
8.0
Reimbursement management
N/A
N/A
  • 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.
Similar features, similar pricing. I selected Wave initially because my accounting is integrated with the other Wave software.
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.
Ryan Connolly | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User
Incentivized
I use this to manage payroll for me and my small team. It makes paying employees and filing with the government super quick and easy.
  • Simplified payroll filing.
  • Easy to add/edit/remove employees.
  • Integrates perfectly with my Wave bookkeeping.
  • Additional filings such as WorkSafe, etc.
  • More flexibility when it comes to paying a director.
Payroll by Wave is very well suited for small to medium-sized businesses that need an easy, low-cost way to correctly pay employees.
Payroll Management (5)
42%
4.2
Pay calculation
100%
10.0
Benefit plan administration
N/A
N/A
Direct deposit files
100%
10.0
Salary revision and increment management
10%
1.0
Reimbursement management
N/A
N/A
  • Ensuring that I am compliant with my payroll obligations.
  • Less time spent on managing employee payroll.
I fell Payroll by Wave is more simplified and makes more sense for me as I already use Wave for bookkeeping.
Support is usually very quick and reliable. The live chat feature is a definite bonus.
Brendon Brown | TrustRadius Reviewer
Score 7 out of 10
Vetted Review
Verified User
Incentivized
From the first time I got into the position of paying staff I've thought that the payroll process is overly complex for what needs to be accomplished. We contracted or hired a person to fill certain hours, roles or needs, so why is it so hard to reward them accordingly? Wave Payroll takes some of the headache, confusion, time and learning curve out of paying your employees. It onboards you quickly to the payroll process, and has you up and running with employee information in a matter of an hour as long as you have deposit and tax information on hand. The interface is easy and intuitive and settings are easy to find and change.
  • An intuitive, clear UI helps you know where everything is, what options are at your disposal. Calendars and timelines show that Wave really thought out how to provide you with useful tool.
  • Pay day can be automated and straightforward.
  • Wave onboarding provides guidance at what information to input next until you are all set up.
  • 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.
Payroll by Wave is a simple tool - and of course it requires you to be inside the Wave ecosystem. So if you are invoicing and accounting with Wave, you are probably a small mom 'n pop setup in search of low-maintenance and cost-effective software. Payroll is a good complement to your Wave account.
  • We tested Wave briefly and Wave Payroll briefly. Impact was minimal as it did not quite fit our needs.
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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