Both Wave and Payfit are leading payroll software solutions, but which one is better for you and your business?
Below we compare Wave and Payfit across nearly 50 different data points to help you make find the right one.
Wave vs Payfit Reviews
Wave | Payfit | ||
Trustpilot Rating | 1.6 | 0 | |
Number of Trustpilot Reviews | 126 | 0 | |
iPhone App Rating | 4.5 | not available | |
Number of iPhone App Reviews | 5700 | not available | |
Android App Rating | 3.7 | not available | |
Number of Android App Reviews | 22900 | not available |
Wave vs Payfit Pricing
Wave | Payfit | |
Free Trial | Yes | Yes |
Free Trial Length | 1 month | n/a |
Cheapest Plan Name | Self service states | Light |
Cheapest Plan Cost Per Month | $n/a | $93 |
Mid Priced Plan Name | n/a | Standard |
Mid Priced Plan Cost Per Month | $n/a | $93 |
Top Plan Name | Tax service states | Premium |
Top Plan Cost Per Month | $40 | $167.39 |
Wave vs Payfit Features
Features | Wave | Payfit |
Target Business Size | Small business | Mid size 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 | ✘ | ✘ |
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.
Payfit Light Features
- Automated payroll calculations
- Real-time payslips
- Automatic payslip generation and distribution
- Editable variable pay
- Automated RTI submissions
- Standard pension submissions
- Automated employment pension status assessment
- Employee portal with access to payslips and documents
- Faster payments (add-on)
- Variance reports
- Sync with accounting software
- Help centre access
- Supported onboarding & video training
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).
Payfit Premium Features
- Automated payroll calculations
- Real-time payslips
- Automatic payslip generation and distribution
- Editable variable pay
- Automated RTI submissions
- Standard pension submissions
- Automated employment pension status assessment
- Employee portal with access to payslips and documents
- Faster payments (add-on)
- Variance reports
- Sync with accounting software
- Automated P11Ds
- Custom payroll journals
- Non-standard pension submissions
- Managed P11Ds
- Corrects / payroll reruns
- Expense management
- Easy receipt scanning (OCR)
- Expense reporting
- Assigned validation rights
- Employee system of record
- Leave & absence management
- Employee onboarding & off-boarding
- Organisation chart
- Assigned rights & approval
- HR Integrations with leading HRIS
- Performance review campaign creation, management, and tracking
- One-to-one meeting templates and management
- Help centre access
- Supported onboarding & video training
- Access to CIPP payroll experts
- Live chat
- Quarterly business review**
- Personal account manager**
- Call back**
Wave vs Payfit Pro & Cons
Wave | Payfit | |
Pros |
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Cons |
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