Wave Payroll

RATING:

4.0

(61)

About Wave Payroll

Wave Payroll is a cloud-based payroll solution for small businesses. Primary features include invoicing, accounting, online payments, lending and receipts. The accounting module allows users to create custom invoices, scan receipts, manage sales tax, generate accounting reports such as Profit and loss, sales tax report, calculate exchange rates and payment transaction reconciliation. It allows users to create recurring bills, send automatic payment reminders, bookkeeping, share invoice status, create customer statements and accepts credit card payments. It automatically deposits the salary into the employee’s banks accounts. Employees can view their pay stubs online. It also allows employers to track hours worked, overtime and vacation time. The solution is of...

Awards and Recognition

FrontRunner 2019
Software Advice's FrontRunners report ranks top products based on user reviews, which helps businesses find the right software.

Wave Payroll Pricing

USA pricing: Tax service states (California, Florida, New York, Illinois, Virginia, North Carolina, and Washington): $35/base fee + $4 per employee/month Self service states (All other 43 states): $20/base fee + $4 per employee/month Canada pricing: $20/base fee + $4 per employee/month

Free trial: 

Available

Free version: 

Not Available

Direct Deposit

Wave Payroll Reviews

Overall Rating

4.0

Ratings Breakdown

Secondary Ratings

Ease-of-use

4

Customer Support

3.5

Value for money

3.5

Functionality

3.5

Most Helpful Reviews for Wave Payroll

1 - 5 of 58 Reviews

Barbara

11 - 50 employees

Used less than 2 years

Review Source: Capterra
This reviewer was invited by us to submit an honest review and offered a nominal incentive as a thank you.

OVERALL RATING:

3

Reviewed July 2021

Good until you Deactivate

User Profile

Shaun D

Verified reviewer

Used daily for less than 12 months

Review Source: Capterra
This reviewer was invited by us to submit an honest review and offered a nominal incentive as a thank you.

OVERALL RATING:

5

EASE OF USE

5

VALUE FOR MONEY

5

CUSTOMER SUPPORT

5

FUNCTIONALITY

4

Reviewed July 2018

If was any simpler it'd be illegal

Super simple. 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.

PROS

I can't even begin to say how SIMPLE it is! I was looking for something that my Daughter and Wife could use to do AR/AP as well as payroll. It took me literally 4 hours to get 237 employees added with their payroll information. Didn't miss a payday :-)

CONS

The invoicing was/is clunky. You only have 3 designs to choose from. 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.

Anonymous

1 employee

Used weekly for less than 6 months

Review Source: GetApp
This reviewer was invited by us to submit an honest review and offered a nominal incentive as a thank you.

OVERALL RATING:

5

EASE OF USE

5

VALUE FOR MONEY

5

CUSTOMER SUPPORT

5

FUNCTIONALITY

5

Reviewed February 2020

Wave is better than Xero & QuickBooks

My overall experience has been spectacular. It was easy for me to add bank accounts and integrate other key extensions. I prefer this over Xero only because it's free and easy to use on both mobile and desktop. It's packed with many things that I still have to explore when I get the chance. I think everyone should give this software a shot before they decide on moving on to a paid platform.

PROS

I like that it's completely free and has many easy aspects of adding receipts, reporting, tracking your expenses, bank accounts and more. I compared it with other bookkeeping software and Wave is the best because it's free and does the same things as other platforms but more. I will mainly be using this in my business to keep track of taxes and file it accordingly.

CONS

There are no cons for me for this software as I recently started using it. I think the only thing they should do is continuously adding more features and updates.

Reason for choosing Wave Payroll

Simply because it was free and has everything I need in it to manage and keep track of my small business.

Lawrence

Environmental Services, 11-50 employees

Used weekly for more than 2 years

Review Source: Capterra
This review was submitted organically. No incentive was offered

OVERALL RATING:

3

EASE OF USE

3

VALUE FOR MONEY

3

CUSTOMER SUPPORT

2

FUNCTIONALITY

3

Reviewed December 2020

Nice on the eyes, poor on performance

You get what you pay for. Great for when things were super, super simple, but at 11 employees, I'm ready to ditch for something that can really help us when we really need it to just work. Wave doesn't.

PROS

User-facing pages are nice looking, invoices and other docs look professional.

CONS

Customer service is mainly by chatting with a bot. They have no help pages. The bot is generally useless and we have to eventually email for support. They have no phone support at all. Off-boarding a dismissed employee makes it look as if they have not thought through the process. Beneath this all the time is the constant annoyance with how long every operation takes. Their site is noticeable slow compared to many others, and for just about everything.

User Profile

Oladipo

Verified reviewer

Broadcast Media, 11-50 employees

Used monthly for more than 2 years

Review Source: Capterra
This review was submitted organically. No incentive was offered

OVERALL RATING:

5

EASE OF USE

5

VALUE FOR MONEY

5

FUNCTIONALITY

5

Reviewed September 2021

Payroll Review

On a general note, the wave payroll dashboard always give a quick caption of all payroll related information. The application is one of the best.

PROS

Wave payroll is a software used by small/medium scale business owners to pay the wages of their workers or contractors. It has been simplified to a level that it saves time and money while one will still access high quality payroll facilities. I am very comfortable with wave payroll because it connects to other wave application like wave accounting but not to third party. It is easy to understand and easy to manage income and expenses.

CONS

It is not completely free. It is not easily accessible I.e wave payroll don't have an app that work on Andriod and IOS devices. It cannot be accessed without adequate internet connections.