Welcome to Payroll by Wave! We know small business owners such as yourself are incredibly busy so we've tried to simplify the process of paying your employees as much as possible. We've also created this getting started guide to help walk you through setup. Follow it and you'll be able to approve your first payroll in a matter of minutes!
Make sure you don't skip any steps as they are all vital to accurately calculating the amount of tax to withhold from each employee.
Step 1: Add Employee(s) - Add your employees' details so we can accurately calculate their pay. This includes contact information, salary, vacation time, tax allowances, and benefits and deductions.
Step 2: Complete your Tax Profile - Let us know your tax details so that we can accurately track your tax liabilities and due dates. business number, tax rates, and payment frequencies.
Step 3: Enter Payroll History - Have you run any payrolls outside of Wave this year? If so, you'll need to let us know the wages and taxes so that we can accurately calculate them going forward.
Step 4: Direct Deposit Application - Sick and tired of writing checks? Go paperless today with direct deposit. The best part? It's completely free! (Optional)
Step 5: Enter Timesheets - If you have hourly workers you'll have to enter their hours so that we can accurately calculate their wages.
Step 6: Pay Your Employees! - You're almost at the finish line, time to approve your payroll and pay your employees!