A great tool... if you're already in the Wave ecosystem.
September 06, 2016
A great tool... if you're already in the Wave ecosystem.
Score 7 out of 10
Vetted Review
Verified User
Overall Satisfaction with Payroll by Wave
From the first time I got into the position of paying staff I've thought that the payroll process is overly complex for what needs to be accomplished. We contracted or hired a person to fill certain hours, roles or needs, so why is it so hard to reward them accordingly? Wave Payroll takes some of the headache, confusion, time and learning curve out of paying your employees. It onboards you quickly to the payroll process, and has you up and running with employee information in a matter of an hour as long as you have deposit and tax information on hand. The interface is easy and intuitive and settings are easy to find and change.
Pros
- An intuitive, clear UI helps you know where everything is, what options are at your disposal. Calendars and timelines show that Wave really thought out how to provide you with useful tool.
- Pay day can be automated and straightforward.
- Wave onboarding provides guidance at what information to input next until you are all set up.
Cons
- Payroll is a paid feature at $10 + $4/employee per month. I suppose this is a normal expense, but other payroll systems I've used, such as ones built into online banking, have cost me a fraction of this.
- We tested Wave briefly and Wave Payroll briefly. Impact was minimal as it did not quite fit our needs.
We moved away from Wave as most of our contractors are time-based, and Wave flat out refuses to provide time tracking features. We tried integrations, but the pricing/complexity goes up and reliability goes down when integrating systems which were not intended to communicate. We since moved to Avaza and sacrificed Payroll for more robust time tracking, project management, and a very open feature development process.
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