Wave Payroll

The product is payroll software that handles paying salaried, hourly, and contractor workers, including direct deposit, tax calculations, filings and year-end forms such as W-2, 1099, T4 and T4A, and automatic bookkeeping entries. It is for small business owners and HR and finance staff at small businesses who manage payroll for employees and contractors in the US and Canada. It is delivered as cloud-based software with optional paid add-ons for payroll and bookkeeping.

Key features

• Pay employees and contractors
• Pay salaried and hourly workers
• Direct deposit to bank accounts
• Automatic payroll tax calculations
• Automatic payroll tax payments and filings
• Automatic CRA tax remittances
• Generate W-2 and 1099 forms
• Generate T4 and T4A slips and summaries
• Automatic payroll journal entries
• Employee access to pay stubs and T4s
• Run payroll in minutes