#1 most frequent
Canada
50.0%2 installations of 4
What is Payroll by Wave?
Payroll by Wave is a cloud-based payroll management solution that caters to small businesses. Designed to simplify and automate payroll processes, Payroll by Wave helps businesses stay compliant with taxes and deductions while providing accurate pay stubs and reports. With features like tracking and managing vacations, benefits, and overtime accurately and efficiently, this software streamlines the entire process of calculating employee salaries.
Categories & Use Cases
Videos
Top Performing Features
Pay calculation
Pay calculation provides for computation of employee pay with state and federal deductions.
Category average: 9
Reimbursement management
Reimbursement management provides cash reimbursement for employee expenses related to business travel or other.
Category average: 8.1
Salary revision and increment management
Salary revision is the ability to modify individual employee pay.
Category average: 8.7
Areas for Improvement
Off-cycle/On-Demand payment
Provide employees access to wages accrued during the pay period before the end of the pay cycle.
Category average: 8.4
Benefit plan administration
Benefit plan administration is administration of health insurance plans and 401k plans, and other benefits.
Category average: 7.9
Direct deposit files
Direct deposit is the ability to electronically transfer pay to an employee’s personal bank account.
Category average: 9
Who Buys & Uses Payroll by Wave
#2 most frequent
Nigeria
25.0%1 installation of 4
#3 most frequent
United States of America
25.0%1 installation of 4
Payroll by Wave is a Simple Solution At A Reasonable Rate. Give it A Look
Use Cases and Deployment Scope
Employee Payroll by Wave services are used for automatic payroll payments and tax payments. The Payroll by Wave product also provides necessary documents such as 941 forms for audit purposes.
Pros
- Payroll by Wave processes quickly and deposits to employee accounts automatically
- Simple process to review time sheets, bonuses, commissions, etc...
- Provides detailed reports
Cons
- Implement an employee time clock option through a separate link which automatically applies to the weekly time sheets.
- Option to further customize payroll statements
- Add a per employee payroll dashboard with the option to review rolling, quarterly, and weekly snapshot. Info to include gross pay, employer paid tax, employee paid tax, etc...
Return on Investment
- Affordable payroll service in comparison to other payroll companies
- Efficient system saves me time when running our bi-weekly payroll
Alternatives Considered
Paychex Flex, Gusto, Intuit Online Payroll (discontinued) and ADP Streamline Payroll
Other Software Used
Salesmate, Dropbox Sign, Google Ads, Leadpages
Usability
Global leader in payroll managment.
Pros
- It has a simple user-interface and fits perfectly in our organization.
- It's efficient and helps us update our payroll and ensure employee dues are paid on time.
- Customer support is available and willing to help all the time when one gets stuck somewhere using the plan reliably.
Cons
- Sometimes poor internet connections impede on the proper working of the platform.
Return on Investment
- Payroll preparation is swift.
- Assures prudent usage of our financial resources.
pay with WAVE
Use Cases and Deployment Scope
Since our days with QuickBooks, we switched to WAVE. It's always accessible. easy to use and works great with reports. Slight but not too difficult learning curve. We also use WAVE for other accounting work.
Pros
- easy to use
- has been very reliable.
- good transaction reports
- clean interface, no confusion
Cons
- Could offer automatic tax filing
- maybe not good for growing business
Return on Investment
- Personal Support,
- Don't care for the pop up bot
- Takes a good few minutes to understand how reports are calculated
Alternatives Considered
QuickBooks Desktop Enterprise
Other Software Used
Wave Accounting, Norton Small Business, Kofax PaperPort
Payroll by Wave: catch the wave of easy payroll administration!
Pros
- Time-saving: Everything is saved from one pay period to the next so it's very easy to click and run.
- Great price: Perfect for smaller businesses who don't need the extra bells and whistles
- Customer support: Any questions are addressed quickly, set up was a breeze.
Cons
- Can't think of any!
Return on Investment
- Peace of mind that all the payroll tax-related stuff is taken care of accurately and on time.
- Easy to use interface saves time and helps ensure I am paid on time.
Alternatives Considered
Wagepoint
Other Software Used
Zoom, Facebook Pages Manager, Google Drive
Makes payroll dead simple for small businesses
Pros
- Simplified payroll filing.
- Easy to add/edit/remove employees.
- Integrates perfectly with my Wave bookkeeping.
Cons
- Additional filings such as WorkSafe, etc.
- More flexibility when it comes to paying a director.
Return on Investment
- Ensuring that I am compliant with my payroll obligations.
- Less time spent on managing employee payroll.
Alternatives Considered
Wagepoint