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Paychex vs Wave: Which Payroll Software Is Better?


Disclosure: We may earn commissions if you shop through the links below.

Last Updated: May 22, 2025

Both Paychex and Wave are leading payroll software solutions, but which one is better for you and your business?

Below we compare Paychex and Wave across nearly 50 different data points to help you make find the right one.

 

Paychex vs Wave Reviews

PaychexWave
Trustpilot Rating1.21.6
Number of Trustpilot Reviews233126
iPhone App Rating4.84.5
Number of iPhone App Reviews4112005700
Android App Rating3.83.7
Number of Android App Reviews2940022900

Paychex vs Wave Pricing

PaychexWave
Free Trialn/aYes
Free Trial Lengthn/a1 month
Cheapest Plan NameEssentialsSelf service states
Cheapest Plan Cost Per Month$By request$n/a
Mid Priced Plan NameSelectn/a
Mid Priced Plan Cost Per Month$By request$n/a
Top Plan NameProTax service states
Top Plan Cost Per Month$By request$40

Paychex vs Wave Features

FeaturesPaychexWave
Target Business SizeEnterpriseSmall business
Unlimited Payrolls✘✘
Automated Tax Filing & Payments✔✔
E-sign I-9 & W-4✘✘
Live Customer Support✘✔
Third-Party Integrations✔✔
Ability To Manage Employee Benefits✔✔
Employee Access To Platform✔✔
Direct Deposit✔✔
Expense Reimbursement✘✔
Time Off Accrual✔✔
Pre-Tax Deductions✔✔
Wage Garnishment✔✔
Background Checks✔✘
Check Printing✔✔
Check Delivery✔✘
API✔✘

Paychex Essentials Features

  • Payroll Processing
  • Taxpay® Payroll Tax Administration with W-2/1099
  • Employee Pay Options
  • Garnishment Payment Service
  • Employee Self-Service and Mobile Experience
  • Financial Wellness and Cashflow Assistance
  • Employee Onboarding
  • HR Library
  • Analytics and Reports Center
  • New Hire Reporting
  • Labor Posters

Wave Self service states Features

  • Wave makes filing your own payroll taxes easy
  • 36 states are self-serve, which means you’ll have to pay and file the paperwork yourself. Wave makes it easy by showing you what information and how much money you’ll need per payroll.

Paychex Pro Features

  • Payroll Processing
  • Taxpay® Payroll Tax Administration with W-2/1099
  • Employee Pay Options
  • Garnishment Payment Service
  • General Ledger Service
  • Employee Self-Service and Mobile Experience
  • Financial Wellness and Cashflow Assistance
  • Learning Management System1
  • Employee Onboarding
  • HR Library
  • Employee Handbook Builder
  • Pre-Employment Screening
  • Analytics and Reports Center
  • New Hire Reporting
  • Labor Posters
  • State Unemployment Insurance Service
  • Workers’ Compensation Payment Service2 or Report Service
  • General Ledger Integrations

Wave Tax service states Features

  • Wave handles your payroll taxes
  • 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).

Paychex vs Wave Pro & Cons

PaychexWave
Pros
  • User Friendly
  • Saves Time
  • Customer Service
  • Reporting
  • Easy Processes
  • User-Friendly Interface
  • Accurate Payroll Calculation
  • Free Service
Cons
  • Not User Friendly
  • Technical Issues
  • Adjustment Issues
  • Slow
  • Customer Service
  • Slow Performance
  • Poor Customer Service
  • Limited Payroll Features

Other Payroll Software Comparisons

  • Oytser HR vs CheckMark Payroll
  • Justworks vs Toast
  • Justworks vs Push Payroll
  • PayCaptain vs Darwinbox
  • Wave vs Workday
  • Oytser HR vs PayCaptain
  • Square Payroll vs Zelt
  • Square Payroll vs Dayforce
  • Square Payroll vs Toast
  • Checkwriters vs Dayforce

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