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. More than 10 customer reviews on TrustRadius for Wave Payroll shows an average rating of 8.8-star rating. These reviews praised the platform's simple UX, competitive pricing, and helpful customer support.

G2 shows more than 25 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.