Wave Payroll Review: Pros, Cons & Deciding Factors


wave payroll

She helps small to mid-size businesses transform their culture, move their human resources practices from transactional to strategic, as well as develop and retain their employees. Lisa has over 20 years of corporate human resources, legal operations and start-up experience, including executive roles in cybersecurity and building services industries. As the chief people officer of SkOUT Cybersecurity, Lisa was a member of the Executive Leadership Team.

wave payroll

What is the easiest payroll software to use?

wave payroll

“We’re seeing people who are dehydrated, or suffering from heat exhaustion or heat cramping,” said Jason Chenault, Hamot’s senior director of emergency and critical care services. “Most of them are getting rehydrated with IV fluids and discharged, though some of them have been admitted.” Her work has been featured by business brands such as Adobe, WorkFusion, comparison of labor price variance vs. labor efficiency variance AT&T, SEMRush, Fit Small Business, USA Today Blueprint, Content Marketing Institute, Towards Data Science and Business2Community. Reviewing and managing payroll was a familiar process because of its intuitive grid or spreadsheet-like layout. For those who have managed payroll through Excel or Google Sheets, this system will make sense to you.

Best for Seasonal Businesses

https://www.accountingcoaching.online/ 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. With Wave Payroll, your small business can manage payroll, employee deductions and taxes in an easy-to-use, affordable platform. You may set up payroll for both employees and independent contractors while giving them access to a portal with their information and tax forms, such as W-2s and 1099s.

Review methodology

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. It even provides automated tax payment and filing services, including year-end reporting, but only in 14 states. However, you need to complete Wave Payroll’s tax payment information requirements before you can enjoy this service. If you decide to resume pay processing, simply go to Wave Payroll’s billing menu to activate your subscription and immediately start using the software’s payroll tools.

  1. Ramp offers a free corporate card and finance management system for small businesses.
  2. They’ll need to do so manually or through a different method so you can later input the information into the software.
  3. The Forbes Advisor Small Business team is committed to bringing you unbiased rankings and information with full editorial independence.

On Capterra, users give it an average score of 4.9 from over 400 reviews. Common themes in positive reviews include ease of use and satisfaction with customer service. QuickBooks Payroll is costlier than Wave Payroll, with a starting base price of $45.00 per month, compared to Wave Payroll’s $20.00 base price.

wave payroll

How do I find the best payroll service?

It lets you run payroll in a matter of minutes and provides you with the information you need for filing taxes—or, if you are in one of the states it services, it files them for you. It has an employee portal for viewing pay stubs and tax forms (if applicable). If so, choose a payroll software with automation features such as autopilot payroll runs and automated tax filing.

Time tracking is available through timesheets, which can give you the chance to keep tabs on the hours your employees and independent contractors work. Unfortunately, there is currently no way for workers to fill out timesheets on their own. They’ll need to do so manually or through a different method so you can later input the information into the software. With timesheets, you can track the hours of your hourly and salaried employees. Keep in mind that this feature is only available for you as the employer as there are no timesheets for employees to fill out on their own.

Employees and contractors can log in to the self-service portal where they view pay stubs and access tax forms. They can also update payment details via this tool, as well as create profiles and update personal information. Wave also creates a holding account, called “Wave Payroll Clearing,” to hold payroll and tax payment funds.

Although a lot of the features are manual, such as timesheets, they’re easy to figure out, making this a good choice for a new business owner who isn’t experienced with running payroll. 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 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. Wave Payroll supports paying both employees and independent contractors when you run payroll. The proper tax forms—1099 in the US and T4-A in Canada—are also generated for you.

Unlike Wave Payroll which has limited HR functionalities, Gusto offers a more comprehensive suite. 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.

wave payroll

That perk, which determines your final price, depends on where in the U.S. your employees work. https://www.business-accounting.net/depository-definition/ is easy to use, with simple menus for setting up and running payroll. And, because it doesn’t have a lot of extra HR functionalities, the interface is straightforward, and features are easy to find. While it only handles payroll tax payments and filings in 14 states, it provides the necessary information for filing in the other 36.


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