And, in the long run, a payroll software like Wave’s can save you a lot of money and help you avoid tax penalties by reducing human error (and who doesn’t love saving money?). Essentially, running payroll yourself just means reviewing the numbers and pressing a button on the software to pay out your employees. But nothing can match the convenience of scheduling automatic payroll runs, so if you’re looking for more thorough automation, Paychex or ADP could be a better fit. Check out our Gusto review or SurePayroll review for comparable options with stronger payroll features and HR support. Each of these Wave Payroll alternatives offers more support and operates in more states than Wave. Our partners cannot pay us to guarantee favorable reviews of their products or services.
Read our editorial guidelines and advertising disclosure. Discover BusinessLoans.com’s lender network offering up to $3M in funding, no minimum credit score required. Wave Payroll’s security measures are on par with those of banking institutions.
Wave Payroll’s key features
Its full-service model is a definite rival of Intuit QuickBooks, but Wave offers a more modern and basic interface at a cheaper price point. Upon processing your first payroll, you can use Wave’s payroll software for up to 30 days, commitment-free. At any time, you can activate to start your billing cycle and gain access to items like automatic remittances and approving payrolls beyond the current month. G2 shows more than 30 customer reviews of Wave Payroll with a 4.1-star rating. Positive reviewers noted the platform’s easy-to-use integrations and simplified payroll processes. Some negative points mentioned are the two-step process of paying 1099 contractors and the lack of international payrolls.
Payroll software that pays off
Both QuickBooks Payroll and Wave Payroll lack compliance management, but Wave Payroll features a detailed employee portal, which QuickBooks Payroll lacks. Wave Financial Inc. is an accredited business with the Better Business Bureau and has an A+ rating from the company. Almost a dozen customer reviews on TrustRadius for Wave Payroll shows an average rating of 9.8 stars. These reviews praised the platform’s simple UX, competitive pricing, and helpful customer support. Wave Payroll doesn’t offer time-tracking features beyond timesheet management. Users will need to rely on one of Wave Payroll’s time-tracking integrations to use that integration with payroll.
That’s why Wave’s payroll software can help ease the burden of doing payroll on your own. We’ve also crafted a guide to small business payroll to help you navigate the process. At Business.org, our research is meant to offer general product and service recommendations. We don’t guarantee that our suggestions will work best for each individual or business, so consider your unique needs when choosing products and services.
- Check out our Gusto review or SurePayroll review for comparable options with stronger payroll features and HR support.
- We were using a million different platforms to do what Wave can do all in one.
- Wave Payroll’s simple, low-cost features may be basic but they’re well-suited for small businesses needing an affordable all-in-one accounting and payroll solution.
- We’ve also crafted a guide to small business payroll to help you navigate the process.
- Wave Payroll offers all the basic features necessary to run payroll but not much else.
The software earned an average of 4.2/5 stars across popular user review collection platforms. Price depends on the state in which you do business and how many what is accounting purpose need and importance employees you process. We built our payroll tool for small business owners, so it’s easy to use AND teaches you as you go. Give your customers the option of paying with one click using a credit card, bank transfer, or Apple Pay.
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OnPay’s benefits are comparable to Gusto’s and cost a little bit less. Wave Payroll doesn’t include HR features, and its onboarding features are limited to new hire self-guided onboarding. Simply add your new hire’s email address, and they’ll be sent an onboarding checklist to complete. However, despite its simplicity, onboarding new employees can be a bit cumbersome, although Wave has a self-onboarding option for companies to offer to employees. Further, Wave Payroll’s integration options are very limited compared to other software and require the use of Zapier, rather than offering direct integrations. Compared to other payroll solutions, Wave Payroll’s pricing is on the lower end — as is the number of features it supports.
Negative Wave Payroll Reviews & Complaints
Stay updated on the latest products and services anytime anywhere. Yes, you can use Wave Payroll to pay independent contractors and regular employees alike. Regardless of the type of payee, the cost per person is an extra $6 per month on top of your monthly base fee. Finally, if you use Wave Payroll, you can only access customer service via live chat on weekdays or via email. Wave doesn’t have any over-the-phone support, so if you run into technical problems on a weekend, expect to deal with them on your own.
Employees can securely log in to access their pay stubs and W2s, and manage their contact and banking information. Wave Payroll is a middle-of-the-road payroll solution that works best for current Wave Accounting users. By providing feedback on how we can improve, you can earn gift cards and get early access to new features.
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