Payroll by Wave 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 offered in the United States and Canada. Customer support is offered via community support, FAQs, help center and videos.
Alexandra from Monte Sion PR
Specialty: Hospitality / Travel
Employees number: 2-10 employees
This has been the best online payroll tool we've had. Although, since you can have it for free it can surprise as to how good the product is. Not complicated at all, very user-friendly and most important, gets the job done.
I really share no bad feelings towards the product. Ever since we've used it for our small company it has worked very well.
Rita from Maxim Software
Employees number: 1 employee
This is the best place to organize payments, finances, and payroll. Seriously! It's so easy to setup and a breeze to use. I feel hugged everytime I use wave. They added an Accounting area that it's amazing. I can't say enough how much I love this program. They integrate with paypal, your bank account, etsy! You can create your own invoice template with your logo and colors for free!
I can't find anything in waves that make me want to find another service. There are no cons, they keep adding new features.
Jenifer from MDK Marine
Employees number: 2-10 employees
Have great success at accounting, banking and my payroll just got easier. I can print reports. Very Happy. Wave On
Its Free and very easy to use. Many options.
Haven't found any issues with the software
Payroll by Wave is very easy to use, very intuitive, and it's great that it sent payroll reminders and showed you the total amount to withdraw. Direct deposit is another handy feature!
No complaints at all! I only had good experiences with Payroll by Wave!
They are a good value for the service, but they don't have full service payroll in many states yet and paying taxes on your own can be tough
They don't have full services payroll, and support is slow to respond. I imagine this will get better over time.
Shaun D from Equip Your Kitchen 4 Less
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.
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 :-)
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.
I absolutely love Waveapp. It is easy to use to manage my client invoices, estimates, employee payroll, and track business expenses.
The only drawback is waiting several days for funds to be transferred to your bank account. When my clients make a payment, I get a notification that I have been paid, however, those funds take a few days before they actually show up in my bank. It would be great if Waveapp was a bank as well.
Anyugel from Information Technology
the service is rally easy to use and manage, even for those people, like me, without background in payroll management
It is really ugly and you can't customize the features and the service, because it doesn't left you enough control over the payroll
I love the simplicity of it. I am not an accountant, and they make me feel like I am! Haha I love that I feel secure using them to.
Personally, it's not that the customer support is bad, but it's not as attentive to me as I would like it.
Holly from Mop To It inc
I have been using this for payroll and book keeping for the last several years. It is super easy to use and has almost all the features I need. I create T4s on it and can invoice clients!
I wish it could allow staff access to enter their own hours then I could approve them. This feature would make a big difference!
Best thing about it is that it is free but the features are amazing for a free tool. It has a dashboard that allows you to see charts for overdue invoices, bank accounts and credit cards. The invoice templates are great, as this makes it easy to use and you can customized them too. Great way to track and use.
My biggest problem was customer support, very limited and useless. There is a hidden fee that is not mentioned which should be disclosed. A bit of a trust issue with this system.
The Payroll section of Wave is wonderful. After getting it setup it only takes minutes to enter in timesheets and run it.
Kamilah from Jolly Esquire, PLLC
I love Wave! It is awesome. The payroll feature is easy to use and the transaction tagging is very easy.
I do not have very many complaints if any at all. The support staff responds very quickly to any issues or concerns that a user may have.
Rolland from Rovee Cabinetry
The tool has nice features and a nice dashboard, that is it really.
They ask for personal information which is irrelevant for the product, especially when in 2017 the keep telling young to give your personal information liberally.
Linda from NTF
It does everything I need it to. I found it very easy to set up invoices, online payment options for clients, recurring billing for clients, and more.
Juan Carlos from Unicomer Group.
Employees number: 10,000+ employees
We appreciate the web based option for sheets to allow our remote workforce to access timecards, time off requests, and pay stubs from their locations
No longer have to fill out and turn in paper time sheets. Its very easy to use for all level employees.
At the end of every week it takes about 6 hours to punch in and key all missed punches from employees. But I do recommend the use of this software.
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.