Wave Payroll Software Review

Rating: 9.6 / 10 (Excellent)
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Wave is a developer of financial and business tools and more popularly known for their accounting software. Wave Payroll in particular is a mobile-based software designed to streamline and automate involved in the payroll process. Features include direct deposit and check printing payments. It also offers tax features to help businesses avoid penalties. Time and benefit tracking features does not only help you simplify the process but also ensure that your employees are justly compensated.  




Direct deposit and check printing included

Fast, online setup, free online support and payroll reminders

W2s and W3s

Wage and Tax reports

Generate T4s

Automatic CRA remittance payments

Records of employment

Mobile app for iOS

Employee self-service portal

Employee income tax forms

Bonuses, employee expenses, taxable benefits, vacation pay and overtime

Works seamlessly with Wave’s accounting, invoicing and personal finance tools

Weekly, monthly, bi-weekly or semi-monthly for both salaried and hourly employees

Run multiple businesses at once

Vacation tracking

256-bit SSL encryption, secure collaboration and automatic backup



Small to medium-sized businesses



Base fee - $5

First 10 employees - $4 per employee

11 plus employees - $1 per employee


Support Services

Support lines

Support services

Knowledge base

Email support


Summary - Wave Payroll

Wave does an excellent job in providing most of the basic featured needed in a payroll system. Tax reporting and employee time-tracking features make it an excellent choice for small and medium sized business switching to a more automated payroll system. Of course, it could easily be integrated with other Wave financial software making it a perfect fit for businesses with existing Wave software.


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Top Rated
9.9 / 10
  • Starts at $20 per month, $2 per employee
  • QuickBooks integration
  • Eliminate tax penalties
  • Automatic tax payments
  • W2 employees, 1099  contractors
  • Payroll setup