Wave: Small Business Software Wave Financial

wave payroll

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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. The company Wave Apps has a ten ratios for financial statement analysis customer score of 1.54 out of 5 stars with the Better Business Bureau.

  1. Create beautiful invoices, accept online payments, and make accounting easy—all in one place—with Wave’s suite of money management tools.
  2. Wave Payroll doesn’t publish a list of its integrations but does integrate with Google Sheets and Zapier, which functions as a bridge to over 1,000 applications.
  3. Wave’s payroll software supports paying both employees and independent contractors when you run payroll.
  4. 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.
  5. Employees can securely log in to access their pay stubs and W2s, and manage their contact and banking information.

Support

There are currently 13 different reports available, and only two are specific to payroll. However, if you’re already familiar with Wave Accounting, Wave Payroll’s cloud-based system will seem familiar and easy to get used to. Wave Payroll is great for those needing a simple interface, intuitive categories, and not a ton of ways to get turned around inside of a program. Wave’s 3.5/5 star rating in the pricing category is actually among one of the highest scores awarded in this category. The software’s score was boosted by its pricing, free trial, selection of add-ons, and pricing transparency.

Taxes? Tackled. Now make payroll pain-free.

wave payroll

While Wave Payroll lacks phone support, users can access live support through text and email from 9 AM to 5 PM EST. For the busy business owner, Wave Payroll’s customer service options are limited and may not be useful in an emergency. Unfortunately, Wave Payroll has a lot of room for growth in its customer service offerings — earning a low 2.1/5 stars in the category. Wave Payroll lost points in this category due to its very limited support options and self-service resources. Wave Payroll’s full-service payroll tax support is currently only available in 14 states, but there are goals to expand full-service options nationwide in the future. Customers in the other 36 states are consigned to Wave Payroll’s self-service package by default and must handle payroll taxes by themselves.

Among the few complaints are a step-heavy process to set up certain benefits, a long lead time to run payroll and difficulty running an extra payroll cycle. There are also a few complaints about inadequate customer service to resolve certain issues. Create beautiful invoices, accept online payments, and make accounting easy—all in one place—with Wave’s suite of money management tools. These 14 states include tax services with the option to automatically transfer tax payments and file the paperwork with your state tax office and the IRS (this excludes 1099 Filings). Doing payroll manually involves confusing and time-consuming calculations. Not to mention the stress of worrying about making errors and winding up in a tax audit (yikes!).Payroll software saves you time so you can focus on the best parts of running your business.

Let us know how well the content on this page solved your problem today. All feedback, positive or negative, helps us to improve the way we help small businesses. Enjoy zero annual or late fees, 1.5% cashback on all business purchases, and a flexible credit limit with the Stripe Corporate Card. “It’s not just a cool piece of software, it is giving peace of mind to people.” You deserve to know your taxes aren’t something you have to sweat over the entire calendar year.” Keep compliant and save time by having Wave handle your Canada Revenue Agency tax remittances on your behalf.

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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. Ramp offers a free corporate card and finance management system for small businesses. Start earning rewards with your corporate spending today. In addition to offering a free 30-day trial, Wave Payroll’s subscription-based pricing model is transparent, uncollectible accounts receivable definition and accounting with no setup fees or hidden charges.

The vendors that appear on this list were chosen by subject matter experts on the basis of product quality, wide usage and availability, and positive reputation. However, any business looking to offer healthcare options, a 401(k), or that needs to send garnishments will find Wave Payroll lacking. And if you have more than 20 employees, Wave Payroll isn’t your best choice. Businesses retired software from palo alto software that use Wave Payroll are generally happy about their experience.

Cornell recently intercepted a wave of payroll theft attempts. This put a spotlight on the very real threat of “push fatigue” and “push harassment” attacks. Adding Verified Push to Two-Step Login is an effective response that will require little extra effort during the authentication process. We were using a million different platforms to do what Wave can do all in one. It’s helping me run my business and not worry about payroll.

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