WavePayroll

Benefits Management

WavePayroll Benefits Management streamlines the administration of employee benefits such as health insurance and retirement contributions by integrating them into the payroll process. The system allows business owners to enter benefit details, assign them to specific employees, and ensure that deductions are processed automatically. This integration reduces administrative burdens, promotes compliance with local benefit laws, and provides employees with greater clarity regarding their total compensation package.

Check Printing

WavePayroll Check Printing gives businesses the ability to print professional, compliant paychecks directly from their dashboard. This feature ensures that all payment data—such as gross earnings, deductions, and net pay—is accurately reflected on each check. Especially helpful for employees without direct deposit, it allows business owners to retain control over the payment process while maintaining secure, auditable records for financial tracking and reporting.

Direct Deposit

WavePayroll Direct Deposit allows employers to deposit wages directly into employees' bank accounts, eliminating the need for paper checks and manual processing. This feature supports multiple bank accounts per employee and ensures timely, secure, and accurate fund transfers. With direct integration into payroll, it helps businesses streamline operations, reduce payment delays, and enhance convenience for employees, making payroll delivery efficient and error-free.

Multi-country

WavePayroll Multi-country support is currently limited, as it primarily serves businesses within the U.S. and Canada. However, it provides basic functionality for managing contractors or remote teams abroad by enabling custom payment entries and currency conversions. While not a full global payroll solution, WavePayroll allows small businesses with international needs to process simple payments across borders while maintaining tax and wage compliance where applicable.

Self Service Portal

WavePayroll Self Service Portal allows employees to access their personal payroll information, including pay stubs, direct deposit details, and tax documents, in a secure environment. By enabling employees to independently view and manage their own data, this feature reduces the administrative load on employers and increases transparency. It empowers staff with 24/7 access to vital records, improving satisfaction and operational efficiency.

Tax Management

WavePayroll Tax Management automates the calculation, withholding, and remittance of payroll taxes at both federal and state levels. It ensures accurate reporting, timely filing, and electronic payment of taxes on behalf of employers. The feature supports quarterly and annual reporting and generates all required tax forms, helping small business owners stay compliant without needing in-depth tax knowledge or outside help.

W-2 Preparation

WavePayroll W-2 Preparation simplifies the end-of-year tax process by automatically generating W-2 forms for employees based on payroll records. The system ensures that all income, tax, and deduction information is accurately included and formatted according to IRS standards. Forms can be downloaded, printed, or electronically distributed, making tax season easier for employers and ensuring employees receive timely and correct documentation.