Not to mention the stress of worrying about making errors and winding up in a tax audit (yikes!). 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. That’s why a payroll software like Wave’s can help ease the burden of doing payroll on your own. We’ve also crafted a guide to small business payroll to help you navigate the process. I look at the dashboard and know how many invoices are on the way, when they should be paid, and the average time it takes someone to pay. It keeps me on track and takes a lot out of my hands.

Give your customers the option of paying with one click using a credit card, bank transfer, or Apple Pay. Wave Payroll supports paying both employees and independent contractors when you run payroll. The proper tax forms—1099 in the US and T4-A in Canada—are workers compensation coverage through a peo also generated for you.

Data Used to Track You

If you’re on-the-go, you can also send invoices from your phone or other mobile device using the Wave app. 1 Payouts are processed in 1-2 business days for credit card payments and 1-7 business days for bank payments. Deposit times may vary due to processing cutoff times, third party delays, or risk reviews. Manually creating invoices in Microsoft Word or Excel can be time-consuming and difficult to manage.

Try payroll software free for 30 days.

1. Schedule everything, from invoice creation and invoice sending, to payment collection and overdue payment reminders.
2. Freelance rates can differ depending on experience level and industry.
3. Wave’s smart dashboard organizes your income, expenses, payments, and invoices.
4. Wave has helped over 2 million North American small business owners take control of their finances.

Digital invoicing empowers your small business by automating invoice processing and saving time by tracking key invoice data like upcoming and outstanding invoices. You can also manage late payments more efficiently through e-invoicing by setting up payment reminders to send to your customers before an invoice due date. Set up recurring invoices and automatic credit card payments for your repeat customers and stop chasing payments. Bank data connections are read-only and use 256-bit encryption. Servers are housed under physical and electronic protection. Wave is PCI Level-1 certified for handling credit card and bank account information.

Accounting software to keep you organized

With a Pro Plan subscription, you can connect your bank account with Wave and automatically import your transactions. Sign up for Wave and send your first invoice right away—it only takes a few minutes! With the Pro Plan you can also set up recurring payments, auto-reminders, and deposit requests to make sure you always get paid on time. Have an eye on the big picture so you can make better business decisions.

Wave’s smart dashboard organizes your income, expenses, payments, and invoices. We built our payroll tool for small business owners, so it’s easy to use AND teaches you as you go. These 14 states include tax services with the option to automatically transfer tax payments and file the paperwork with your state tax office and the IRS (this excludes 1099 Filings). The rate that you charge for your freelancing services can vary, so it’s important to get a grasp of market trends before sending your clients an invoice or quoting a price.

Automated, accurate payroll helps you stay compliant, save time, and be stress-free. Our (non-judgmental) team of bookkeeping, accounting, and payroll experts is standing by to coach you—or do the work for you. Monitor your cash flow, stay organized, and stop sweating tax season. Say #sorrynotsorry to your spreadsheets and shoeboxes. In self-service states (all other 36 states) Wave Payroll does not make payments or file on your behalf. Only pay for what you use and simplify annual audits with workers’ comp built for small business owners.