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Wave Accounting Software Review 2022

The only difference is that if you get Wave’s automatic tax filing, the base fee is $35 per month. Wave Payroll is a great choice for small https://www.wave-accounting.net/ business owners who don’t have a lot of experience with running payroll. It has an intuitive user interface and is easy to learn and use.

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Wave Payroll users must submit payroll at least four business days before their employees and contractors are due to be paid. Generally, the cut-off for on-time payroll payments is Tuesday at 3 PM EST. While Wave Payroll offers live support through text and email from 9 AM to 5 PM EST, the software lacks phone support. For the busy business owner, Wave Payroll’s customer service options are limited and may not be useful in an emergency.

Wave Payroll lets you temporarily pause your payroll subscription and you can always resume it when you need it again with ease. If you’ve just hired your first employee and are just learning how to do payroll, Wave can help you get well-versed in it. It has a simple and intuitive interface and won’t present a steep learning curve. If you’re already using Wave Accounting, we’d recommend you stick with Wave Payroll because the two integrate very well. Our unbiased reviews and content are supported in part by affiliate partnerships, and we adhere to strict guidelines to preserve editorial integrity. The editorial content on this page is not provided by any of the companies mentioned and has not been reviewed, approved or otherwise endorsed by any of these entities. 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.

Can you pay independent contractors with Wave Payroll?

Our partners cannot pay us to guarantee favorable reviews of their products or services. While some of the best payroll services Payroll By Wave Review offer human resources services, such as serving as an insurance broker and benefits finder or provider, Wave Payroll does not.

Wave Payroll integrates with other Wave products, including invoicing and accounting software. Using the full line of products means you can manage a general ledger and expenses, and pay employees, vendors and contract workers.

What does Wave Payroll cost?

You still have to pay the $40 base fee per month (plus the per-employee costs) even if you opt not to get the provider’s automated tax filing services. The cost of Wave Payroll is based on your business’s location. If your company is in one of the 14 states where it offers automated tax services, then you get full-service payroll. If not, then you’re under its self-service option, in which you handle tax payments and filings yourself. Both packages come with the same payroll features like multiple pay schedules, free direct deposits, and tax payment reminders.

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It attaches the receipt image to the expense transaction so you can view it later if needed. If you’re interested in our payroll software, you can start a free 30-day trial when you sign up for Wave. We think Wave is great, but you don’t need to take our word for it. Read a collection of reviews from trusted third-party websites and testimonials from our satisfied customers.

• Filters are available at the top of each report to generate reports that match filtering criteria.
• But our editorial integrity ensures our experts’ opinions aren’t influenced by compensation.
• No worries—just check out our list of the year’s best payroll companies for small businesses.
• Also included on the dashboard is a Things to Do list as well as quick access to payroll setup and approved payroll.
• For live support, you can chat and send an email to its customer representatives on Mondays through Fridays from 9 a.m.
• Read the SurePayroll review if you’re interested in it or the Gusto vs SurePayroll review.
• SurePayroll is great for small to medium businesses that need a simple but powerful software solution.

While Wave Payroll may be the easiest payroll solution for current Wave bookkeeping and accounting users, even those users may be better served by looking at other payroll solutions. Be sure to check out The Ascent’s payroll software and service reviews to find a payroll solution for your small business. Payroll by Wave calculates state and federal payroll taxes you’re required to pay. If you’re not in one of those states, the site still tells you what’s due, but you have to actually do the filing and make the payments yourself. You can see what’s accumulated, what’s due, and what’s been paid by clicking the Taxes link in the navigation pane.

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With features like invoicing, accounting reports, payroll, and bookkeeping services, Wave is a great option for service-based businesses with standard accounting needs. With a base price of $40.00 per month, Gusto is the costlier option compared to Wave’s base price of $20.00 or $30.00.