Wave Payroll

Review:

While Wave's main product is its free accounting platform, Wave Payroll is a paid, mid-tier solution that is equipped with standard features like automatic payments and multi-state filing. Although Wave Payroll lacks the flexibility of different payroll schedules, it is still a budget-friendly solution for small businesses.

Pros:

• The platform offers a free 30-day trial.
• Wave Payroll offers some nice-to-have features like contractor payments and new hire reporting.
• The site features an employee portal where employees can access their pay stubs and tax forms.
• Users can view detailed payroll reports.
• Employers can generate 1099 and W-2 tax forms and make use of automatic tax filing.
• The platform features timesheets to track time and attendance for payroll purposes.
• Payroll will automatically integrate with Wave Accounting, Invoicing, and Payments.
• The site offers live chat and email support, as well as advisors for tax filing help.

Cons:

• The site cannot handle multiple pay rates or flexible payroll scheduling.
• Wave doesn't handle reimbursements or garnishments.
• Users will have difficulty running off-cycle payrolls.
• There is no phone support.

Reputation:

Wave Financial Inc. is an accredited business with the Better Business Bureau and has an A+ rating from the company. Almost a dozen customer reviews on TrustRadius for Wave Payroll shows an average rating of 9.8 stars. These reviews praised the platform's simple UX, competitive pricing, and helpful customer support.

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.