When setting up your payroll in Wave, you must choose a pay schedule. This sets how frequently your employees and contractors are paid.
To set your pay schedule:
- Log in at waveapps.com.
- On the left side menu, click Payroll, then Payroll Dashboard or Run Payroll.
- Under the Business section, to the right of Pay schedule, select Set schedule.
- Select your preferred payroll frequency:
- Every week: The pay period will always start and end on the same days of the week you select at setup. You can’t change this.
- Every other week: The pay period will always start and end on the same days of the week you select at setup. You can’t change this.
- Twice a month: The two payroll periods are automatically set to run from the 1st of the month to the 15th, and from the 16th to the last day of the month. You can’t change this.
- Once a month: This payroll period is set to run from the 1st of the month to the last day of the month. You can’t change this.
- To adjust the default payday to occur a set number of days after the payroll period ends, enter a number in the box. If you plan to use direct deposit, your payroll must be approved at least 3 business days before your payday.
- Click Save and continue.
If you need to change your pay schedule, see Update your payroll pay schedule.