The proper tax forms—1099 in the US and T4-A in Canada—are also generated for you. Not to mention the stress of worrying about making errors and winding up in a tax audit (yikes!). Pay independent contractors and employees, and generate W2 and 1099 forms for tax season. Easily generate T4 and T4A slips and summaries for tax season. That is a massive time saver and helps me get paid faster! Most of my clients pay with credit cards using the secure link on the invoice.
What if I want to pause my payroll for a period of time?
Yes, switching from other accounting apps or products to Wave is easy! That’s why a payroll software like Wave’s profit and loss statement template free can help ease the burden of doing payroll on your own. We totally get it—running payroll for your small business can seem like a daunting task, especially when you’ve got so much on your plate. Payroll software saves you time so you can focus on the best parts of running your business. Doing payroll manually involves confusing and time-consuming calculations.
How to file self-employment taxes in Canada — 2025 guide
Make bookkeeping and tax time easy with solutions that are affordable, small biz friendly, and—dare we say—fun to use. With a Pro Plan subscription, you can connect your bank account with Wave and automatically import your transactions. See our step-by-step guide on how to invite collaborators to your Wave account. You can grant access to a trusted individual—an accountant, bookkeeper, tax preparer, or business partner, for example—by inviting that person to be a collaborator. Wave makes it easy to invite additional users to your account to help with your accounting.
With Wave, your invoices and payments flow into your accounting records, helping you stay organized and prepared for tax time. Wave lets small business owners like you create beautiful invoices, accept online payments, and make accounting easy—all in one place. Wave lets small business owners like you create beautiful invoices, accept online payments,and make accounting easy—all in one place. Wave’s payroll software is seamlessly connected with the rest of your Wave account to reduce the time you spend on manual bookkeeping. Check Plaid’s troubleshooting guide for more information or learn more about how bank connections work at Wave.
Accounting software for small businesses, starting at $0
Wave Payroll supports paying both employees and independent contractors when you run payroll. Upon processing your first payroll, you can use Wave Payroll for up to 30 days, commitment-free. Employees can securely log in to access their pay stubs and W2s, and manage their contact and banking information. Your employees can log into Wave securely to access their pay stubs and T4s and manage their contact and banking information. Save valuable time and get peace of mind by having Wave handle your Canada Revenue Agency (CRA) tax remittances on your behalf. Add credit card payments to get paid faster and stop chasing customers with auto-reminders.
Our robust small business accounting reports are easy to use and show month-to-month or year-to-year comparisons so you can easily identify cash flow trends. Accept credit cards, bank payments, and Apple Pay for as little as 1%2 per transaction.Your what is the npv customers can use the secure “Pay now” button on your invoices to instantly pay you. The base rate was higher in “tax service states,” because Wave automatically transferred tax payments and filed the necessary paperwork with the state tax office and/or the IRS.
Is Wave’s software something I need to install?
You can effectively analyze the financial health of your business, find ways to generate more profit, and move forward with your business plan. Accounting software helps business owners understand how money flows in and out of their businesses. Wave has all the key features you need to keep your books accurate and run your business smoothly. Check out our step-by-step guide here on how to switch to Wave from a spreadsheet.
Check out our handy support article to learn how you can switch to using Wave’s payroll feature. When you switch from another payroll software, migrating your data is simple. “My fav tool for invoicing & accounting is Wave. Easy-to-use. And I love the interface. Check it out!” Wave’s smart dashboard organizes your income, expenses, payments, and invoices. When everything is neatly where it belongs, tax time is simple.
- Wave makes it easy to invite additional users to your account to help with your accounting.
- Employees can securely log in to access their pay stubs and W2s, and manage their contact and banking information.
- Not all financial institutions are supported so we can’t guarantee that you will be able to connect an account.
- Now, Wave offers our tax service in all 50 US states, meaning the pricing is the same for all states.
- Wave lets small business owners like you create beautiful invoices, accept online payments, and make accounting easy—all in one place.
Our invoicing process would be lost without it! In eight years, we haven’t had a single unpaid invoice, thanks to how easy it is to create, send, and follow up. “Wave makes your life a whole lot easier and takes that worry off you. I’ve tried Quickbooks—it’s a bit more complicated and technical, and takes more time to set up.”
Easily switch from another payroll provider
Keep your books organized and accurate and make tax time suck less. Any connections between you, your bank accounts, and Wave are protected by 256-bit SSL encryption. If you’re looking for an on-the-go solution, you can install our mobile app to help you manage invoices and payments. “When I signed up with Wave it was a no brainer. It’s been one of the best decisions I’ve made when it comes to making sure my accounting is on point.”
Reduce manual bookkeeping
Wave is PCI Level-1 certified for handling credit card and bank account information. We provide different levels of support, depending on the plan and/or the add-on features you choose. Learn more about changing subscription periods and plan types in our Help Center. Our plans are built for small business owners at every stage! Not all financial institutions are supported so we can’t guarantee that you will be able to connect an account. This can help you save time and make financial decisions quickly.
Wave uses real, double-entry accounting software. You don’t need to be an accountant to keep your books organized, accurate, and ready for tax time. Visit your dashboard or use your invoicing or accounting features, and click the “Upgrade now” button. Unlike other software, Wave is built for small business owners and solopreneurs at every stage—not accountants—so it’s easy for you to use.
More reasons to love Wave
- Our robust small business accounting reports are easy to use and show month-to-month or year-to-year comparisons so you can easily identify cash flow trends.
- Accounting software helps business owners understand how money flows in and out of their businesses.
- You don’t have to wait for a new quarter or year to start using payroll software—you can start running payroll at any time!
- The proper tax forms—1099 in the US and T4-A in Canada—are also generated for you.
- Wave’s payroll software is seamlessly connected with the rest of your Wave account to reduce the time you spend on manual bookkeeping.
Your bank transactions will appear in your bookkeeping, meaning less manual entry for you. Import, merge, and categorize your bank transactions. By making things is a common stock considered an asset more convenient for your customers, they’re likely to pay you 3x faster.³Plus, you’ll enhance your brand and look more professional.
Make managing payroll easy
We’ve also crafted a guide to small business payroll to help you navigate the process. You don’t have to wait for a new quarter or year to start using payroll software—you can start running payroll at any time! At any time, you can activate to start your billing cycle and gain access to items like tax filing and approving payrolls beyond the current month. Wave’s complete payroll tax service will automatically pay and file your state and federal payroll taxes. Wave’s payroll software is the easy, more accurate way to pay employees, contractors, and yourself. Your invoicing and payment information are connected to Wave’s accounting feature, helping you stay organized.
Drag-and-drop editing makes it easy to customize! Bank data connections are read-only and use 256-bit encryption. Learn how to cancel your subscription in our Help Center. The cancellation of your subscription will take effect at the end of the billing period in which you cancel. Then, whenever you’re ready, upgrade to the Pro Plan to unlock even more money management features. Sign up for the Starter Plan to take the bookkeeping and invoicing basics for a spin.
Check out our step-by-step guide here on how to switch to Wave from FreshBooks. See our step-by-step guide here on how to switch to Wave from Quickbooks. Create customizable invoices from templates with easy drag-and-drop editing. The base price will not change for states who already had access to our tax service, and will increase for states that now have access to our tax service. Now, Wave offers our tax service in all 50 US states, meaning the pricing is the same for all states. Prior to April 2, 2025, our tax service was not available in all US states.
