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Wave vs Payfit: Which Payroll Software Is Better?


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

Last Updated: April 25, 2025

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

WavePayfit
Trustpilot Rating1.60
Number of Trustpilot Reviews1260
iPhone App Rating4.5not available
Number of iPhone App Reviews5700not available
Android App Rating3.7not available
Number of Android App Reviews22900not available

Wave vs Payfit Pricing

WavePayfit
Free TrialYesYes
Free Trial Length1 monthn/a
Cheapest Plan NameSelf service statesLight
Cheapest Plan Cost Per Month$n/a$93
Mid Priced Plan Namen/aStandard
Mid Priced Plan Cost Per Month$n/a$93
Top Plan NameTax service statesPremium
Top Plan Cost Per Month$40$167.39

Wave vs Payfit Features

FeaturesWavePayfit
Target Business SizeSmall businessMid 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

WavePayfit
Pros
  • User-Friendly Interface
  • Accurate Payroll Calculation
  • Free Service
  • Easy to understand and easy to use
  • Customer support
  • Integration with BambooHR HRIS system
Cons
  • Slow Performance
  • Poor Customer Service
  • Limited Payroll Features
  • Platform is slower and sometimes crushes at the end of the month
  • Wrongly calculated payslip
  • Requires third party integration in order to direct debit

Other Payroll Software Comparisons

  • Remote vs Paycom
  • SurePayroll vs CloudPay
  • Excelforce vs CheckMark Payroll
  • Ready Pay by HR3 vs Paymate
  • PrimePay vs Checkwriters
  • Remote vs Paycor
  • Gusto vs APS Payroll
  • QuickBooks Payroll vs Kashflow Payroll
  • eBacon vs Razorpay
  • Rippling vs Wrapbook

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