The easy-to-use, cloud-based payroll solution is designed to work the way small business owners do, making it the first truly intuitive payroll application on the market.
Launched in the Canadian market earlier this year, Wave Payroll is now available in all 50 states. Its cost of $5 or less per employee per month makes it the most affordable payroll solution available for small business owners.
“For most small businesses in the U.S., especially those with fewer than 10 employees, traditional payroll solutions just don’t make sense. They’re too expensive and complicated for a small business owner,” said Kirk Simpson, co-founder and CEO of Wave Accounting. “With Wave Payroll, we essentially reinvented the payroll process by developing a solution that is quick, affordable and easy to use, while helping to avoid costly non-compliance penalties.”
Once employers complete the simple setup process, running payroll can be as simple as setting a date and clicking one button. That’s really all there is to it.
The combination of Wave Payroll and the free Wave Accounting application gives small business owners a powerful new way to manage their business finances and save hours of work each month. By using the Wave products together or separately, business owners can track expenses, send invoices, generate reports and collaborate with their accountants in the cloud, securely, from any computer.
Wave has raised more than $19 million in funding in a year and half, during which time it has signed up hundreds of thousands of small business customers around the world. Wave currently tracks more than $50 billion in small business income and spending.