Wave Payroll is an online payroll solution for businesses. The application can handle salaried and hourly employees. The user sets up each individual employee and can choose the format needed for that individual’s paycheck. The service is also intended to help parents and family members handle nanny and home care payments. The user can offer direct deposit to employees that eliminate the need to cash a paper check. Users can also withhold any necessary deductions so all taxes and any applicable fees are tracked and paid. Wave Payroll is designed to work seamlessly with Wave Accounting. Existing users can integrate both services easily. Business owners can set up a Wave Portal that allows employees to enter direct deposit information, view and print pay stubs and update contact information.Show more screenshots »
Wave Payroll was introduced after the creation of Wave Accounting. The payroll application is designed to help businesses effectively manage employee paychecks, bonuses and related information. The service currently offers a number of convenient features as well as easy integration with Wave Accounting. Wave Payroll has received high marks from reviewers and users, primarily for its user friendly setup process and inexpensive price.
Wave Payroll handles many vital areas of employee paychecks. Users can set up individual employees with hourly or salary payments. The application also includes an employee portal which allows workers to update contact information, access pay stubs and submit direct deposit information. Wave Payroll’s direct deposit capabilities can also eliminate the need to print and hand out physical pay checks. The service has many handy features that can help streamline routine operations for any small business.
Wave Payroll invites users with a calm blue color scheme that features hints of green. The design works exceptionally well by giving the user a relaxed environment to work in that still feels professional. The layout is neat and tidy with no clutter. The user can easily jump to time sheets, pay stubs, remittances and other important areas. Wave Payroll takes little time to learn and gives the user a number of ways to simplify the payroll process.
New users can click the blue “Sign Up” button in the upper, right hand corner of the homepage to begin. The form on the following page asks for an email address and password. The user is automatically signed in to their new account. The application provides users with a short to do list that includes providing contact information, adding employees, completing time sheets and authorizing Wave Payroll to process ROEs. These items can be completed when the user is ready.
Wave Payroll doesn’t charge a fee for account creation. Anyone can sign up at no cost. The user is only charged when they process payroll with the application. The service costs $3 per employee per payroll run when processing one to nine employees. Users who process more employees pay less per payroll. 10 to 19 employees cost $2.50 per payroll run and quantities over 20 cost $2 per employee per payroll run.
Wave Payroll is an excellent resource for small businesses in Canada that need a better payroll system. The application provides many valuable features that allow the user to tailor functionality to the needs of their individual business. Businesses can also be more employee-friendly with the Wave Portal. The service is inexpensive and offers bulk discounts when processing larger quantities of employee paychecks. The United States version will be available sometime in 2012.