Payroll Software for Small Businesses Wave Financial

Deposit payments quickly, reliably, and directly into your employees’ bank accounts. Less work for you, and your team will love it. Wave uses real, double-entry accounting software. With the Pro Plan, automatically import, merge, and categorize your bank transactions.

Your complete invoicing and billing process is now on your phone. Create, customize, and send invoices from anywhere. When everything is neatly where it belongs, tax time is simple. Wave’s smart dashboard organizes your income, expenses, payments, and invoices. Connect your bank accounts in seconds with the Pro Plan.

Automated, accurate payroll helps you stay compliant, save time, and be stress-free. Easily create, customize, and send professional invoices while on-the-go. Bank data connections are read-only and use 256-bit encryption. Servers are housed under physical and electronic protection. Wave is PCI Level-1 certified for handling credit card and bank account information.

You’ll receive the money in your account in 1 business day (Canada), or 2 business days (US)1. Doing payroll manually involves confusing and time-consuming calculations. Not to mention the stress of worrying about making errors and winding up in a tax audit (yikes!). Keep compliant and save time by having Wave handle your Canada Revenue Agency tax remittances on your behalf.

Try payroll software free for 30 days.

Approval is subject to eligibility criteria, including identity verification and credit review. Payments are a pay-per-use feature; no monthly fees here! Your deposit times may vary based on your financial institution. All payments are subject to a risk review and periodic credit risk assessments are done on business owners because we need to cover our butts (and yours). In some cases, we may hold funds and request more information if we need it for the protection of your business and Wave’s.

In self-service states (all other 36 states) Wave Payroll does not make payments or file on your behalf. Only pay for what you use and simplify annual audits with where do dividends appear on the financial statements workers’ comp built for small business owners. Employees can securely log in to access their pay stubs and W2s, and manage their contact and banking information.

1. See our full US terms here, and our full Canadian terms here.
2. Every invoice paid means more revenue coming into your small business.
3. Keep compliant and save time by having Wave handle your Canada Revenue Agency tax remittances on your behalf.
4. Switch between automatic and manual billing whenever you want.
5. Create beautiful, free invoices that reflect your business branding.

With Wave, your invoices and payments automatically flow into your accounting records. You’ll never lose track of payments again, and you’ll be all set at tax time. You can mark invoices paid on the spot, so your records are instantly up to date. Accept payments through credit cards and bank payments to get paid even faster, for a low, pay-per-use fee. Add credit cards and bank payments to get paid even faster, for a low, pay-per-use fee. Manually creating invoices in Microsoft Word or Excel can be time-consuming and difficult to manage.

It’s been one of the best decisions I’ve made when it comes to making sure my accounting is on point. After creating your account, everything is set up so you can get started. Your data is always available, and backed up for extra peace of mind. Ready to invoice in style, bookkeep less, and get paid fast?

Manage accounts receivable effortlessly

Your employees can log into Wave securely to access their pay stubs and T4s, and manage their contact and banking information. Between the app and the payment process—I can’t tell you the hours it’s saved, and even the headaches that have gone away because of it. Know when an invoice is viewed, becomes https://accountingcoaching.online/ due, or gets paid, so you can stay on top of your cash flow better than ever. Yes, switching from other accounting apps or products to Wave is easy! See our step-by-step guide on how to import bookkeeping data into Wave here. Monitor your cash flow, stay organized, and stop sweating tax season.

You’ll both appreciate the speed and convenience. Online payments allows you to get paid quickly by bank deposit, credit card, and Apple Pay. Upon processing your first payroll, you can use Wave Payroll for up to 30 days, commitment-free. At any time, you can activate to start your billing cycle and gain access to items like tax filing and approving payrolls beyond the current month. See our full US terms here, and our full Canadian terms here. Our payroll software is seamlessly connected with the rest of your Wave account to reduce the time you spend on manual bookkeeping.

We built our Payroll tool for small business owners, so it’s easy to use AND teaches you as you go. Want to look more polished, save more time, and conquer cash flow? Wave Payroll supports paying both employees and independent contractors when you run payroll. The proper tax forms—1099 in the US and T4-A in Canada—are also generated for you.

Payment solutions for your business

With Wave’s Pro Plan, you can set up recurring invoices and automatic credit card payments for your repeat customers. Switch between automatic and manual billing whenever you want. Set up recurring invoices and automatic credit card payments for your repeat customers and stop chasing payments. Accounting software helps business owners understand how money flows in and out of their businesses.

A common issue when invoicing in Microsoft Word, Excel, or other DIY solutions is making calculation errors. Wave’s invoicing software for small businesses removes the worry of making these errors because calculations are done for you, including the taxes. Give your customers the option of paying with one click using a credit card, bank transfer, or Apple Pay.

Invoice on the go

Say #sorrynotsorry to your spreadsheets and shoeboxes. Send invoices whenever and wherever you want with Wave’s free app for iOS and Android. “Wave invoicing makes your life a whole lot easier and takes that worry off you. I’ve tried Quickbooks—it’s a bit more complicated and technical, and takes more time to set up.” Wave has helped over 2 million North American small business owners take control of their finances. Wave has helped over 2 million small business owners in the US and Canada take control of their finances. When I signed up with Wave it was a no brainer.

Simply email your customers an invoice and they can use the secure “Pay Now” button to send over your payment. We totally get it—running payroll for your small business can seem like a daunting task, especially when you’ve got so much on your plate. That’s why a payroll software like Wave’s can help ease the burden of doing payroll on your own. We’ve also crafted a guide to small business payroll to help you navigate the process.