Payroll by Wave is a Web-based, best-of-breed payroll platform built with small companies of 10 employees or less in mind. A simple, paperless solution to help pay workers and the government accurately and on-time, setup can be completed in just 10- to 15-minutes.
Checks are a thing of the past, as Payroll by Wave makes it easy to automatically deposit payroll directly into employees’ bank accounts. Employees can also create their own personal Wave account to see all of their pay stubs online. If you have hourly employees, a Timesheets function will allow you to track hours worked, including any overtime or vacation time that may have been used.
Payroll by Wave also offers a full tax service in Canada, which is being rolled out in the U.S. on a state-by-state basis. This includes automatic remittances and filings of state and federal taxes, with the option to do the taxes yourself, using the tax liabilities section of the software to know how much to pay each government agency and when the payments are due.
With a native iOS app and 256-bit SSL encryption, employers can complete payroll functions with ease, flexibility and security.
Jennifer Employees number: 11-50 employees
It's a great software for billing and invoicing clients, vendors, employees, and independent contractors. I love the ability to send the invoices via email and getting paid within the system. It's simply, easy to use and have a variety of features including, connecting your financial institution to the app for payment, saving and exporting data and interface is very clean.
The mobile interface does not work very well. The app sometimes crashes. Other than that, there no other cons with the software.
Lea from GLD
Payroll by Wave is an easy-to-use system for processing your payroll in-house and also offering direct deposit. This platform is integrated with Wave's general accounting software, which helps reduce the need for additional manual journal entries. Very straight-forward.
travis from bakery
they hold my payments so they can find information about my customers,that makes bad business i dont use this invoice anymore. For those thinking its good wait until they hold your payment then ask stupid questions about your customer. Pathetic..
it was ok in the beginging
They like to hold your payments and want to harrass your customer by asking personal questions.
find another software to use not wave..
Andrew from Taplytics
We've been using Wave Payroll for the past two years for both Canadian and US employees. It's by far the easiest service we've ever used.
- Employees have commented how easily and quickly they get their tax information and direct deposit setup. Payment by direct deposit works great every time, if they have questions, they can view their stubs online easily.
- I don't have to event think about CRA or US tax remittances, it just happens automatically
- Getting T4s, T5s, W2, W3, forms 940 and 941 every year couldn't be easier and they integrate nicely into the accounting part of the service as well
- Automatically filed ROEs are also a nice touch
- Having the payroll service integrated with our invoicing and accounting software just makes everything run smoothly, and saves us a ton of time every month
Ashley from Sage Recruiting
Wave Accounting is definitely one of the best companies for accounting, and their payroll app has really come out on top! It's easy to use, easy to learn, and the user experience is optimal. The customer service is by far the best in the business. The pricing is so inexpensive that you cannot go wrong!
I wholly recommend this product to any small business!
Maggie from Accounting & Bookkeeping Systems
Pros: Easy to use, extremely cost effective, direct deposit and Revenue Canada remittances, transmit payrolls in advance, cannot run off-cycle pay runs
Cons: Cannot schedule off-cycle pay runs.
For most business owners not being able to schedule off-cycle pay runs is an excellent safe guard to ensure (in Canada) that CPP and EI calculations are correct. As a professional I sometimes need to do to do this and have developed workarounds to ensure that Wave payroll still is my solution of choice.
Overall it's an excellent product with great customer support.
Justin from Wiki Wiki Japanese
Previously I had QuickBooks online. 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. The only reason I didn't give Customer Service 5 stars is because these folks are located in the eastern time zone and I'm in Hawaii, so I basically never got to talk to them when I paid extra for the phone support because they yabba-dabba-do on home at 5pm EST -- pretty classic, old fashioned business hours. 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... no BS'ing or shining people on. Good people; focused, and responsible.
Nadim from World Athlete Management LLC
I have been utilizing Wave's services for a while now. It started with invoicing only and I have since upgraded to Payroll by Wave. Their communication and services are both excellent, as well as their pricing. I recommend any small business owner to make use of their services. You speak to real people and they are very at tentative and knowledgeable. They even go out of their way to help find solutions to your questions they don'e "have to answer". Great experience.
Paula from Pacific Coast Business Services
A simple, user-friendly interface for small businesses that want to ensure they are abiding by payroll regulations. Works well when set up with direct deposit. Customer support is usually timely and quite helpful.
Doesn't handle vacation accrual very well and does not include vacation payable in reports so manual calculation required. Somewhat inflexible regarding date changes.
David from Simmonds CPA Professional Corporation
The payroll module in Wave is very easy to use once set up. It can process payroll, take funds from your account and direct deposit to the employee's account as well as make the payroll deduction remittances for you. The cost is very low and the module integrates into the accounting software thereby saving many steps. Anyone that requires payroll I recommend they use Wave.
Atul from Schneck & Harley Immigration Law Group, LLP
We have been using Payroll by Wave for quite a few years now and are very happy with it. We are one of the top immigration law firms based in Pittsburgh, PA and our mission is to provide affordable experienced representation and personal case handling to cost-conscious clients and businesses. We have very caring and passionate employees that help us achieve our mission.
Payroll by Wave is the perfect solution for our small business needs for running payroll and managing vacation time. It is very easy to use with a very well designed and intuitive user interface. It guides you through the setup process if you are a new user. It has several features such as Reminders, Payroll Review, Direct Deposit, Tax Reporting and Tax filing (we do not use the tax filing feature since we already had a process in place before it was introduced). It is integrated into the Wave accounting platform (we use some other Wave apps as well) and has support for both full-time and part-time employees. Signing up new employees is straightforward.
The Wave Team provides excellent customer service and responds to questions / requests in reasonable time. They are also open to collaborating with their clients to get feedback and make the solution better.
Jim from BitWise Laboratories, Inc
Integrated well with WAVE cloud accounting. Payroll features are easy to setup and control. Email alerts tell me when to run payroll. Nice.
Doug from Doug Chinnery Building Contractor
I've been using Wave Payroll for over a year and I'm not sure I'd still be running my business without it. It does all the work of navigating the CRA hurdles and with direct deposit, it really is a 2 button operation.
Peter from Mugo Web
Payroll by Wave makes it easy to schedule payrolls; adjust deductions, salaries, bonuses, and so on; it handles automatic remittances; and it's affordable. It has an intuitive interface.
I can fully recommend it after having evaluated it against its online competitors, having used it for 2 years, and having come from many years of struggles with ADP.
The only thing I'm waiting on is multi-currency support on its payments add-on: https://support.waveapps.com/entries/22235625-Multi-currency-support-for-Payments-by-Stripe
Sally from Community Foundations of Canada
Employees number: 11-50 employees