If you have processed payrolls in the calendar year that you switch to Wave’s payroll feature, enter this history into Wave before approving your first payroll for accurate payroll calculations.
You only need to enter your current year-to-date (YTD) amounts.
Confirm you have payroll history
Confirm you have payroll history
To mark that you have paid employees in the current calendar year:
- On the left-side menu, click Payroll > Payroll Dashboard.
- Under the Business section, to the right of Business, click Add Details, then Okay, let’s go!
- Enter your business information.
- In the section Has your business paid people before?, click Yes, then Continue.
- Select the method of running payroll before using Wave and enter how many employees and contractors you paid in the year.
- Click Continue.
If you select Yes, then do not import a payroll history, you cannot complete your payroll setup. If you have no history, return to the Business section of your payroll setup and select No, then Continue.
Enter payroll history
Federal income tax does not include Medicare or Social Security. Wave automatically calculates those amounts based on the other wage and tax amounts you provide.
If your previous provider does not separate Federal and Provincial tax amounts, you can enter the combined amount into the Federal tax field.
- On the left-side menu, click Payroll > Payroll Dashboard.
- Under the Business section, to the right of Prior Payrolls, click Add history, then Okay, let’s go!
- If you have previous payroll reports, select Import pay reports. To enter information manually, select Enter manually.
- Fill in the necessary information.
- Click Continue.
- Review the chart and select the checkboxes to confirm the information is correct, then click Continue.
- To import files, click Upload file and select your payroll file, or click Manually enter data. To manually enter payroll history, next to each pay period, click Start, then enter the required information.
View payroll history in Wave
- In the top right corner, click your business name, then click Business settings.
- In the Settings menu, under Payroll, click Payroll History Import.
Correct payroll history
Once your first payroll has been approved, you cannot update your payroll history from within your Wave account. If you find an error with your payroll history import, our Support Team can help. Open Mave, Wave’s automated chatbot, and type human support payroll history.