Payroll by Wave Review - why 4.4 stars?

Payroll by Wave Review
ITQlick Score: 80/100
ITQlick Rating:
Pricing: 2.4/10 - low cost
Category: Payroll -> Payroll by Wave review
Ranking:Ranked 17 out of 71 Payroll systems
Company: Wave Accounting
Pricing: starts at $35 per month
Typical customers: Small businesses and start ups
Platforms: Desktop, Mobile, Cloud
Links: Payroll by Wave pricing, Payroll by Wave alternatives
Shlomi LaviShlomi Lavi / updated: Sep 21, 2022

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What is Payroll by Wave?

Payroll by Wave is a web based payroll management solution for small and medium businesses. Its capabilities include accounting integration, benefits management, tax form printing, and others. The software was designed and launched by Wave Accounting Inc headquartered in Ontario, Canada.

Who is it best for?

The software is a viable product for small and medium businesses without any restriction on industrial affiliation. Major industries and domains where it can be used include retail and wholesale, automation and manufacturing, financial services, and others. Some notable clients of the software include Mugo Web, Scott Sosobee Design, and others.

Main features and functionalities

The software offers comprehensive management of employee expenses along with bonuses and taxable benefits. It comes with employee self-service portal to offer employees access to their data. Access is offered to W-2 and W-3 forms and data can be exported to QuickBooks. The software also offers employee income tax forms and records of employment.

Payroll by Wave facilitates secure collaboration along with SSL encryption and automatic backup. Other important capabilities include electronic HR document storage, payroll reminders, accounting integration, check printing, deductions templates, tax form printing, vacation and leave tracking, and others.

What is the actual cost?

The cost of license starts at $35 per month. ITQlick pricing score is 2.4 out of 10 (10 is most expensive). Access ITQlick pricing guide for Payroll by Wave. You can also find here pricing information from Payroll by Wave's website.

How it stacks up?

Access a head to head analysis of Payroll by Wave vs alternative software solutions.
ITQlick rating
Score
Pricing
License pricing
Functionality
Review
Compare
Payroll ...
ITQlick rating
4.4/5
Score
80/100
Pricing
2.4/10
License pricing
$35 per month
Functionality
18
Compare
ADP RUN
ITQlick rating
4.5/5
Score
94/100
Pricing
2.6/10
License pricing
$59 per employee/month + $4 per employee
Functionality
18
SurePayroll
ITQlick rating
3.8/5
Score
93/100
Pricing
2.8/10
License pricing
$29.99 per month
Functionality
5
Ascentis
ITQlick rating
4.2/5
Score
93/100
Pricing
5.8/10
License pricing
$5.40 per user/month
Functionality
32
Optimum ...
ITQlick rating
4.5/5
Score
92/100
Pricing
5/10
License pricing
$10,000 per license
Functionality
14

Frequently Asked Questions (FAQs)

Is it the best Payroll system?

Payroll by Wave is ranked 17 out of 71 software in their category (Payroll systems).

How they are rated on ITQlick?

The rating of Payroll by Wave is 4.4 stars out of 5 and the total score is 80 out of 100. The rating score is based on our unbiased data-based algo. Learn more - rating methodology page.

Is it an easy to use Software?

Yes, Payroll by Wave makes it fairly easy to use. This product is user friendly and intuitive.

Is it cloud-based?

Yes, they offer cloud based hosting, which means IT resources are retrieved through web-based tools and applications and you don't need to buy servers and additional hardware equipment.

Can it be used on mobile?

Yes, you can access Payroll by Wave on your mobile/smart phone.

What should we ask during a demo session?

Differences between Payroll by Wave and alternatives?

The most popular alternatives to Payroll by Wave in 2024: ADP RUN, Ascentis, SurePayroll, Optimum Solutions, Millennium. Access the complete competitors analysis here - Payroll by Wave VS Payroll Software alternatives.

List of categories

Check Printing
Financial reporting
Tax Preparation
Data Analysis Tools
Self-Service Portal
Benefits Administration
HR Analytics
Payroll
Small Business Payroll
HR Department

List of features

Check Printing
Benefits Administration
Employee Self-Service
Payroll
Data Analysis Tools
Direct Deposit
Payroll Tax Management
W-2 Preparation

Auditor - Shlomi Lavi

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Shlomi Lavi is an entrepreneur and founder of ITQlick.com. He holds a Bachelor of Science (B.Sc.) in Information Systems Engineering from Ben Gurion University in Israel. Shlomi brings 17 years of global IT and IS management experience as a consultant and implementation expert for small, medium and large-sized (global) companies. Shlomi’s goal is to share the best knowledge and news about information systems so you can make smarter buying decisions for your business.