Wave Payroll
VerifiedSimple payroll software that pays employees and contractors and syncs automatically with Wave accounting
- Deployment Cloud Based
- Starting price $40/month + $6 per active employee + $6 per contractor
- Free trial Available
- Best for Freelancers, Startups, SMEs
What is Wave Payroll?
Wave Payroll is a payroll add-on for Wave's free accounting and invoicing platform, built for small business owners in the United States and Canada who need to pay employees and independent contractors without complex HR software. It handles direct deposit, automatic payroll tax calculations, and generates year-end tax forms (W-2/1099 in the US, T4/T4A in Canada). Payroll runs are recorded automatically as journal entries in Wave's accounting books, so bookkeeping stays reconciled without manual entry.
In the US, Wave offers full-service payroll with automatic tax payments and filings in all 50 states. In Canada, tax filings must be completed manually by the business owner, as Wave does not yet offer full-service tax remittance there. Employees get a self-service portal for pay stubs, tax forms, and banking details. Pricing is a flat monthly base fee plus a per-worker fee, with no long-term contracts.
Key Features of Wave Payroll
Wave Payroll lists 10 documented features, including One-click payroll processing for employees and contractors, Unlimited free direct deposit to employee bank accounts and Automatic payroll tax calculations. The list below covers what the product does rather than how it is marketed.
- One-click payroll processing for employees and contractors
- Unlimited free direct deposit to employee bank accounts
- Automatic payroll tax calculations
- Full-service automatic tax payments and filings in all 50 US states
- Automatic generation of W-2 and 1099 forms (US) and T4/T4A slips (Canada)
- Employee self-service portal for pay stubs, tax forms, and banking updates
- Automatic payroll journal entries synced with Wave accounting
- Employee self-onboarding
- Leave and time-off tracking
- Payroll expense breakdown by employee and expense type
Wave Payroll Pricing
Wave Payroll lists 4 plans without published figures. Pricing is quoted on request.
Full-Access Payroll (US)
$40/month + $6 per active employee + $6 per contractor
Per active employee/contractor paid per month
Includes automatic payroll tax payments and filings in all 50 US states, direct deposit, W-2/1099 generation, and employee self-service portal. 30-day free trial available.
Full-Access Payroll (Canada)
CA$25/month + CA$6 per active employee + CA$6 per contractor
Per active employee/contractor paid per month
Includes direct deposit, T4/T4A generation, and employee self-service portal. Payroll tax remittance to CRA is manual. 30-day free trial available.
Limited-Access Payroll (US)
$17/month
For businesses pausing payroll
Retains customer support, payroll reporting, past pay stub/tax form access, and W-2s, but cannot process new payrolls or edit timesheets.
Limited-Access Payroll (Canada)
CA$10/month
For businesses pausing payroll
Retains customer support, payroll reporting, past pay stub/tax form access, and year-end tax slips, but cannot process new payrolls or edit timesheets.
Wave Payroll Specifications
Wave Payroll is available on web app. It has a free trial.
- cloud based
- web app
- freelancers
- startups
- smes
- live support
Wave Payroll Videos
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Alternatives of Wave Payroll
Other Stand Alone Payroll Software products listed on SocialAtoZ, each with its own pricing and feature detail to compare against Wave Payroll.
Cloud payroll software that automates pay runs, tax filing, and compliance for US businesses
Affordable in-house and online payroll software for small businesses and accountants
Cloud-based Canadian payroll and HR software with self-service, partial, and full-service processing options
All-in-one payroll, time tracking, and HR platform built for hourly and deskless workforces
Wave Payroll Comparisons
Side by side comparisons of Wave Payroll against 3 other Stand Alone Payroll Software options listed here.
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Alternatives to Wave Payroll
Other Stand Alone Payroll Software products listed on SocialAtoZ.
