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.
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 food spoilage: causes food preservation dis/advantages and examples Payroll’s integration options are very limited compared to other software and require the use of Zapier, rather than offering direct integrations.
More specifically, Wave Payments pricing starts at 2.9% + $0.60 per credit card transaction and 1% per transaction for AHC payments. If your business needs tax, bookkeeping, or accounting advisory services, Wave Advisor will provide them at a starting price of $149/month. Wave Payroll is a simple payroll solution for small businesses needing basic payroll features, such as direct deposit, deductions, check-printing, and much more. Wave Payroll’s seamless integration with Wave Accounting makes it one of the best payroll software options for businesses in need of a combined accounting and payroll solution. Wave’s tax-service (aka full-service) plan adds automatic payroll tax filing to its list of software tasks. You won’t have to worry about calculating payroll taxes correctly or about filing them on time—Wave Payroll does it for you.
Wave Payroll FAQ
And, in the long run, an online payroll software provider like Wave can save you a lot of money by reducing human error so you can avoid tax penalties (and who how to make entries for purchase doesn’t love saving money?). Check out our handy support article to learn how you can switch to Wave’s payroll software. In general, though, customers are satisfied with Wave’s products and customer support. Its plans, prices, and features are fairly standard, comparable to competitors like SurePayroll and Square Payroll. But Wave Payroll’s full-service payroll plan is only available in 14 states, so if you want fully automated tax filing in all 50 states, Wave might not be right for you.
Payroll Processing
- Customers in the other 36 states are consigned to Wave Payroll’s self-service package by default and must handle payroll taxes by themselves.
- Our (non-judgmental) team of bookkeeping, accounting, and payroll experts is standing by to coach you—or do the work for you.
- We were using a million different platforms to do what Wave can do all in one.
Our payroll software is seamlessly connected with the rest of your Wave account employer’s liability for employment taxes to reduce the time you spend on manual bookkeeping. Deposit payments quickly, reliably, and directly into your employees’ bank accounts. No worries—just check out our list of the year’s best payroll companies for small businesses. Unfortunately, Wave Payroll doesn’t offer a mobile app.
Manage your money like a boss.
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.
You technically can process payroll without using software, but this can be risky, especially for employers who don’t have the time or accounting skills to process payroll correctly. Mistakes and errors can lead to hefty tax penalties, which would offset any money saved through DIY payroll processing methods. This is why it’s recommended that small business owners use payroll software instead.