Wave vs Wagepoint: Which Payroll Software Is Better?

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

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

Wave vs Wagepoint Reviews

	Wave	Wagepoint
Trustpilot Rating	1.6	4.5
Number of Trustpilot Reviews	126	237
iPhone App Rating	4.5	0
Number of iPhone App Reviews	5700	0
Android App Rating	3.7	0
Number of Android App Reviews	22900	0

	Wave	Wagepoint
Free Trial	Yes	n/a
Free Trial Length	1 month	n/a
Cheapest Plan Name	Self service states	Cost per payroll
Cheapest Plan Cost Per Month	$n/a	$n/a
Mid Priced Plan Name	n/a	n/a
Mid Priced Plan Cost Per Month	$n/a	$n/a
Top Plan Name	Tax service states	n/a
Top Plan Cost Per Month	$40	$n/a

Features	Wave	Wagepoint
Target Business Size	Small business	Small 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 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.

Pay employees and contractors.
Direct deposit.
Online portal where employees can access paystubs and T4s.
Year-end T4/T4As and reporting.
No additional charges for money movement or remittance filing.
Federal and provincial/territorial income tax.
Employment Insurance/Québec Parental Insurance Plan (EI/QPIP) (employer and employee).
Canada Pension Plan/Québec Pension Plan (CPP/QPP) (employer and employee).
Monthly and accelerated remittance schedules.
Streamlined Record of Employment (ROE) submissions.
Comprehensive preset income and deduction codes.
Custom incomes and deductions.
Statutory holiday pay.
Workers’ Compensation (WCB/WSIB).
Employer Health Tax/Health Services Fund (EHT/HSF).
Built-in tips and guides.
Email processing reminders.
World-class support.
Multiple paygroups based on frequency.
Off-cycle payrolls.
Cloud-based software that can be accessed from anywhere.
2048-bit encryption using TLS 1.3 or 1.2.
Industry- and bank-grade processes.
Wagepoint staff are continuously trained on best practices.
Two-factor authentication for payroll administrators.
Client may also enable or disable employee access.
Posting journal.
Payroll register.
Payroll tax summary.
Deposit summary.
Workers’ Compensation (WCB/WSIB).

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).

n/a

	Wave	Wagepoint
Pros	User-Friendly Interface Accurate Payroll Calculation Free Service	User-friendly setup Customer service Affordability
Cons	Slow Performance Poor Customer Service Limited Payroll Features	Limited accounting software integrations Poor PTO and time-tracking tools No HR tools or HCM-adjacent features No mobile payroll app