payroll
Discussion List
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I just started this cleaning business and I have a lot of questions. Before I ever got my first payment and before I even had a business account. I was paying everything out of pocket. I am sole-proprietor and its just me. So my first question is how to accurately enter this into accounting and can I pay myself back? I unders…Martha_Melissa86 21 views 1 comment 0 points Most recent by KarlAviu August 28, 2020 5:07PMWave Discussion
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Hired a new employee last Monday Aug 3 on Aug 7 and entered the hours however, wave wouldn't count those hours when i ran payroll. it only counted the following week which makes the gross income and tax deductions year to date incorrect. How do i fix that? I continued to pay him via other payment since it was "too late" to pay direct d…JER 1 view 0 comments 0 points Started by JER August 15, 2020 1:40AM Payroll & Employees Feature Ideas
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Hello, Wave is really a great tool. Good job guys! :smile: Quick question - Is there a plan to launch Full Payroll in New Jersey any time soon? Thanks, Isaactzahico 121 views 4 comments 0 points Most recent by Mikeg August 10, 2020 9:36PMPayroll & Employees Feature Ideas
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How do I categorize the following transaction in Wave for a Single member S-Corp. * Quarterly Payroll Tax payment to IRS (managed by Wave) * Quarterly Payroll Tax payment to State (managed by Wave) * 2019 Tax Returns Payment we owed to IRSolllllllo 41 views 1 comment 0 points Most recent by Mikeg July 27, 2020 1:20AMPayroll & Employees Technical Support
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I transfer money from my business account (connected to wave apps) to my personal account (not connected) via e-transfer. This shows up in my transactions as uncategorized. When I try to choose a category, there isn't a "Dividend" option or anything close to that. What's the recommended category to use for these transactions?PGT 491 views 2 comments 0 points Most recent by PGT July 24, 2020 3:03AMAccounting Technical Support
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I wonder if someone can help me understand how wave is calculating vacation balances. I have a FT employee whose vacation policy is set to “4% of hours are accrued each pay period”. She’s worked with us since 2018. Her vacation balance shows as 133 as of Jun 30, 2020. That seems way too high, so I pulled a Wage and Tax Report and here is the ma…MzWat 111 views 0 comments 0 points Started by MzWat July 9, 2020 9:19PM Payroll & Employees Technical Support
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Hello, Im a bit confused and concern with Wave showing 0.00 tax withholding when I run payroll. I'm paying myself through my business but can't get a grasp as to why this would ever happen. Has anyone else experienced this?mrskcjackson 51 views 1 comment 0 points Most recent by Mikeg May 30, 2020 11:34PMPayroll & Employees Technical Support
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Hello, I have successfully created a Gift Card in the Chart of Accounts. Is there a way I can give a customer a money limit? So the customer can see how much they have left in the account when they have received an invoice.Arnee_Mac2020 21 views 1 comment 0 points Most recent by Barsin May 22, 2020 5:07PMAccounting Technical Support
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As a small seasonal business owner, I need payroll to be flexible, robust, and ready on the go. That means changing payroll frequency, starting and stopping payroll as needed. And of course has to be simple with no waiting in a queue or going through a prolonged set up. It seems like the current industry payroll model is established by ADP, but…
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Hello! I'm slightly confused in regards to tax payments and hoping someone can clarify for me!!! I am a sole proprietor where I elect to file my taxes as an S-Corp. I pay myself as an employee through Wave Accounting. It is to my understanding that Wave handles all of the tax payments, however, my accountant that files my annual tax return gave …Evolution_Mktg_2016 1.4K views 2 comments 0 points Most recent by Mikeg April 30, 2020 5:00PMPayroll & Employees Technical Support
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Hello, I'm trying to hold onto Wave however, there is no zap integration available between Wave and Gusto Payroll. Will this be available in the foreseeable future? I have no desire for Wave payroll as I have a plan with Gusto that also offers compensation/benefits services that Wave does not.Yesenia 991 views 1 comment 0 points Most recent by EmmaP April 28, 2020 7:04PMAPI & Integrations Feature Ideas
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Does anyone know of any way to run an additional payroll, once my monthly payroll has been processed? I Ran and Approved/Posted December payroll last week. Later I realized I have some Employee Benefits (Medical Insurance premium payments) that I need to record through payroll (so they appear on my W-2). It looks like Wave has the option to recor…DaveM 241 views 7 comments 0 points Most recent by Barsin April 22, 2020 8:11PMPayroll & Employees Technical Support
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I am new to Wave payroll. I would like to have my employees access to their paystubs. How do I do this? Do they need a wave account? What if they do not want one? Is there a way for me to print their paystub myself?snakestud 682 views 7 comments 0 points Most recent by Barsin April 22, 2020 6:36PMPayroll & Employees Technical Support
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Hello, I have Wave doing my payroll. They are paying the US federal and state taxes from the gross payroll for the employee portion for me. But the 'Total Employer Tax Owing to Third Parties' (this is the portion the employee pays for taxes) is this not getting paid automatically by Wave? I assumed it was being taken care of?
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Hi! We have been using Wave for a while now, and plan to upgrade to payroll processing and 1099 filings. We don't have any employees, so everyone is a contractor. Is there a way to create a recurring contractor payment if we know the payment every pay period? And, to ensure I understand the payroll fee, is it $35 per month base plus $6 per contra…MarkusDraftHire 71 views 1 comment 0 points Most recent by ConnorM March 31, 2020 5:19PMPayroll & Employees Feature Ideas
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As a small business located in QC the payroll feature doesn't work (probably because of the language requirements). An integration like QuickBooks could potentially be a workaround. They basically use the a page (in wagepoint) to map account in wagepoint to those in Quickbook. Note: * Current understanding is that Wagepoint is used behind th…grabault 171 views 1 comment 0 points Most recent by EmmaP March 2, 2020 6:44PMAPI & Integrations Feature Ideas
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For a couple payroll periods, I was mistakenly withholding state and local taxes from my employees. I never sent that amount to the state. How do I correct that in Wave so that the employee's W-2 will show $0 withheld for state and local taxes?jmpratt 41 views 2 comments 0 points Most recent by jmpratt January 23, 2020 10:58PMPayroll & Employees Technical Support
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My payroll is set to twice a month and I add 5 days to default payday like below. If pay a contractor before the 20th will it be added to that payroll or will they have to wait for the 5th to get paid?JCPhlux 81 views 2 comments 0 points Most recent by AlexL January 23, 2020 10:17PMPayroll & Employees Technical Support
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Hello, Wave just updated, and now my payroll journal is doubling the payroll liabilities. Scenario: Run Payroll Creates Journal Entries One of the Journal Entries is a Payroll Liability Credit (Total net pay owing to employees) Let's say $5000 Additional Payroll Liability is created 'Payroll period ending' Withdrawing from 'Cash on Hand' fo…quickbike 921 views 13 comments 1 point Most recent by BobbyW January 12, 2020 6:11PMPayroll & Employees Technical Support
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In the middle of the year, we switched from WF payroll service to ADP. After ADP payroll started Journal Entry (JE) created (For WF not created) Bank import transactions ADP has withdrawn (Wage pay and Tax) categorized to "Payroll Liabilities" to match to JE. So what category Wells Fargo withdrew transactions (Wage pay and Tax) belon…Sri 111 views 1 comment 0 points Most recent by AlexL January 3, 2020 3:07PMPayroll & Employees Technical Support
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We started on wave payroll midway through the year. Despite importing our previous months numbers before starting our first payroll on wave, it seems like wave payroll doesn't adjust for changes to salaries correctly going forward. It merely calculates the monthly totals for new salary figures as if it were salary/12. Support has confirmed this.…flappyfish 171 views 3 comments 0 points Most recent by flappyfish December 19, 2019 12:10AMPayroll & Employees Technical Support
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I am in the US and signed up for Payroll, Direct Deposit and Automated Tax Payments. I noticed that automated transactions are created as a Journal Entry when Payroll is approved, and an automated Expense Entry is created when my employees are paid via direct deposit. However there is no automated Expense Entry when Wave pays my Payroll Taxes both…OfficeJess 31 views 2 comments 0 points Most recent by Barsin November 5, 2019 5:48PMPayroll & Employees Technical Support
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Wave, I changed my direct deposit information on Wave and was subsequently paid 2 days later. I see the pay stub on Wave but there was no payment to my bank account. Can you please assist?PJJL 21 views 1 comment 0 points Most recent by ConnorM October 21, 2019 6:47PMPayroll & Employees Technical Support
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I wish I could "pre approve" payroll and schedule the day I want it to be processed. Our week ends on Friday, so I usually finalize hours anywhere from Saturday to Monday and then I have to remember to go back in and hit the button to "approve payroll" on Tuesday for pay day to be on Friday. If I hit the approve payroll button…SouthlandOutdoor 61 views 3 comments 0 points Most recent by EmmaP October 3, 2019 8:28PMPayroll & Employees Feature Ideas
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Hello, does anyone know why this account was created with payroll expenses on it? My business checking account is connected with Automatic Tax Payments & it uses the money from that bank account, I do not understand why it would create another account for cash transactions. The company does not even accept cash. I see similar transactions und…King 361 views 3 comments 0 points Most recent by ChelseaK September 16, 2019 9:58PMAccounting Technical Support
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Hi all, I am not really sure what I am supposed to put on here but here goes nothing. I am currently a bookkeeper/office manager in the great state of Montana. I am highly skilled in payroll, accounts payable and reconciling but my niche is accounts receivable. I live to get companies their money. Recently I have opened my own bookkeeping and c…bullseyebandc 41 views 1 comment 1 point Most recent by JamieD August 29, 2019 4:42PMPro Network Listings
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I'm trying to run my first payroll, but the one employee (me) doesn't show up in payroll. Message is that I have to add an employee in order to run payroll. The payroll dates are July 3 - 31. Payday is today, August 9. Employee's salary is active since July 1. I've checked setting several times, but I'm must be missing something.kmchenry 41 views 1 comment 0 points Most recent by Barsin August 14, 2019 8:17PMPayroll & Employees Technical Support
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My name is Noman Fayyaz ( Accounting & Tax Financial Services ). I am an EA and MS in Accountancy with over 10 years of experience in taxes and accounting. I am located in NJ but have clients from coast to coast. Through the cloud, I can assist you with accounting, payroll, business formation, and various tax filings such as federal, state, lo…NFayyaz 41 views 0 comments 0 points Most recent by NFayyaz July 6, 2019 10:35PMPro Network Listings
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Hi all, I'm looking at my Profit & Loss statement and I'm seeing that Wave is recording: Payroll Gross Pay + Payroll Employer Taxes + Payroll Salary & Wages as operating expenses. This means it shows the payroll amounts twice as an expense and this expense is duplicate. When I look at Payroll Gross Pay, it shows in the books as Journal…peng_o 1.1K views 5 comments 0 points Most recent by Mikeg June 19, 2019 8:05PMAccounting Technical Support
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Aloha, Is there any way to change the payroll frequency? We are in the US and need to change the payroll frequency from semi monthly to bi-weekly. This is because we have hired more people and have seasonal hires and realized that bi-weekly payroll makes more sense. I found that Waves does not allow to change the pay frequency after the first pay …Alberto 711 views 1 comment 0 points Most recent by Samd May 28, 2019 9:07PMPayroll & Employees Technical Support
