MENU
GET LISTED
GET LISTED
SHOW ALLPOPULAR CATEGORIES
  • Home
  • B2B News
  • Top 10 Alternatives to Wave: Comparison of Popular Payroll Solutions

Top 10 Alternatives to Wave: Comparison of Popular Payroll Solutions

Category: B2B News

Cloud-based software solutions offer a range of useful benefits to businesses of all sizes. For this reason, companies are increasingly moving their information and data to the cloud to enjoy the advantage of anytime, anywhere access. According to Statista, the global public cloud services market is set to exceed over $278.3 billion by 2021.

But how do you select a suitable business software solution for your specific needs from the scores of useful payroll software solutions in the market? To help you, we provide analytical reviews of the leading accounting and finance app Wave as well as 10 top payroll software alternatives to it.

What is Wave?

The best part is Wave is a free payroll software platform. It combines invoicing, accounting, and receipt scanning into a single compact package. This makes it a great option for startups and small businesses as well as self-employed professionals such as freelancers, consultants, and entrepreneurs. The application is easy to set up and use. Plus, it offers a simple and navigable dashboard that clearly displays all the important details and provides effortless access to them.

How can Wave help your business? It simplifies invoicing and accounting processes, and helps you overcome the challenges involved in tracking expenses, chasing payments, and managing taxes and employees. You will find it easy to quickly create and send out professional estimates, invoices, and receipts. Plus, you can utilize the tracking tools to stay on top of your operations.

wave dashboard example

Benefits of Wave

  • You can track the status of all your invoices and payments.
  • Enables you to accept credit card payments.
  • It simplifies expense tracking.
  • It offers receipt scanning tools and bank connections.
  • You can eliminate manual data entry and minimize errors.
  • Prepares your business for tax season without hassles.

If you think Wave does not offer enough features for your liking, do not switch off. We also review the key features and benefits of top Wave alternatives and provide you good reasons to consider each of the alternative systems instead of Wave and vice versa.

Top 10 Wave Alternatives

1. Gusto

gusto dashboard example

Our experts rate Gusto as one of the best Wave alternatives as it combines benefits administration, payroll, and compliance features in a simplified package. We have recognized its superior quality and performance by distinguishing with high marks and ratings. The vendor offers a great free trial for those interested in trying our the key features first.

Gusto

An award given to products our B2B experts find especially valuable for companies

Gusto won our Expert's Choice Award for 2017

Our score
9.4
User satisfaction
99%

What makes Gusto stand above the competition? To start, it helps small businesses in the US easily manage their workforce’s essential HR needs. We are impressed with its well-designed user interface as well as excellent automation and innovation functionalities. You can ask for a custom pricing quote that is tailored for your exact needs.

Gusto helps to simplify business processes such as HR, payroll, and benefits for companies. It also provides 401(k), payroll, and worker’s compensation insurance nationwide in the US. Plus, it can automate the calculation, payment, and submission of your company’s federal, state, and local payroll taxes. The best part is you get to enjoy all these benefits at an affordable price. If you wish to look at other options, browse these good Gusto alternatives here.

You can easily sign up for Gusto free trial here.

Why use Gusto instead of Wave?

  • It offers an excellent automated payroll management feature.
  • It ensures all your employees are paid on time.
  • It supports the green campaign as it delivers digital paystubs via email to reduce paper waste.
  • It enables employees to donate to charitable institutions from their paychecks.

Why use Wave instead of Gusto?

  • Its automatic billing and invoicing features can save you a lot of time.
  • Other time-saving features include recurring invoices and bills.
  • You can configure alerts to remind you of paid and unpaid items.
  • It allows you to pay your team from anywhere with the right amount.

2. OnPay

onpay dashboard example

OnPay is a cloud-hosted payroll product that enables businesses to automate payment workflows and tax filing. Main features include scheduled pay runs, automated payroll taxations, new hire reporting, and employee self-onboarding. You can easily sign up for OnPay free trial here.

OnPay offers an online employee portal that your staff can utilize to access tax forms and pay stubs, and update their information. With this software, companies can track their workers’ sick leaves, vacation, and PTO. The system presents a document vault for storing employee notes and contracts. It integrates seamlessly with third-party apps such as Kabbage, Humanity, Guideline, QuickBooks, Xero, and more. Finally, OnPay helps in 401(k) retirement planning and manages investment portfolios, deductions, and compliance for users. For more good options, browse these OnPay alternatives here.

Why use OnPay instead of Wave?

  • It allows you to export payroll data.
  • You can generate custom payroll reports.
  • It facilitates multiple permission levels.
  • You can consult certified payroll professionals for help on payroll management.

Why use Wave instead of OnPay?

  • It allows you to accept direct credit card payments.
  • You can eliminate manual data entry and minimize errors.
  • It allows you to pay your team from anywhere with the right amount.
  • It offers accounting, invoicing, and receipt scanning features.

3. Xero

xero dashboard example

Xero is a competent accounting management solution that works according to a company’s rules and priorities. You can utilize it to manage your money and budgets in line with your firm’s goals and long- term missions. What can you expect from Xero? The best part is it is easy to set up and use, and does not need complex training. Plus, it simplifies cumbersome financial processes and operations, and helps you save time. You can manage all contacts and transactions from the same page.  In addition, you can utilize the reporting feature to summarize the impact of all your activities. For more good options, take a look at viable Xero alternatives here.

Why use Xero instead of Wave?

  • It allows editing ‘on the go’.
  • You can use the dashboard to monitor your company’s billing and invoicing status.
  • The multiple-approval model and two-factor authentication minimize the chances of financial fraud.
  • You can tailor financial reports for your specific needs.

Why use Wave instead of Xero?

  • It is a free app.
  • You can conveniently use online pay stubs or choose direct deposit to pay your team.
  • It manages tax calculations and deductions.
  • It takes care of yearly record keeping.

4. Zenefits

zenefits dashboard example

Zenefits is a proven online HR platform for small and medium-sized businesses. It helps companies reduce the complexity and stress of HR management and payroll processes, and use their limited resources wisely. Top features include: mobile optimization, ACA compliance, hiring and onboarding, customer support, payroll sync, insurance benefits, employee directory, business intelligence and more. The app’s dashboard integrates all HR offerings and gives better access to employees and greater control to the management. Like Wave, this software is also offered free. If you are looking for a more advanced system, browse these good Zenefits alternatives here.

Why use Zenefits instead of Wave?

  • It effortlessly manages all aspects of employee insurance online.
  • It enables your business to easily comply with the regulations of the Affordable Care Act.
  • It streamlines hiring, onboarding, and employee records management.
  • You can easily track and manage employee paid time off.

Why use Wave instead of Zenefits?

  • It enables you to accept direct credit card payments.
  • It offers reliable support via phone, email, and tickets.
  • It provides invoicing, accounting, and receipt scanning features.
  • Its simple and navigable dashboard clearly displays all the essential details and provides easy access to them.

5. ADP Workforce Now

adp workforce now dashboard example

ADP Workforce Now offers core HR features including benefits management, payroll, talent management, and time and attendance. Another highlight is the benefit plan creation wizard which you can configure according to your company’s onboarding procedures. The system’s COBRA events can trigger alerts to employees and other beneficiaries to meet qualifying event requirements under COBRA. On top of that, the benefits administration features are all compliant with annual reporting requirements for IRS forms 1094 and 1095. This tool also provides a dashboard for all reporting statuses. If you are still not satisfied with this solution, take a look at viable ADP Workforce Now alternatives here.

Why use ADP Workforce Now instead of Wave?

  • It coordinates your workforce management in a single dashboard.
  • It can be accessed on tablets and smartphones.
  • Its mobile apps give you full visibility on reports and statistics, and enable you to manage your HR anytime, anywhere.
  • It displays analytics in real time and helps you to create customized reports, charts, graphs, and spreadsheets.

Why use Wave instead of ADP Workforce Now?

  • It simplifies accounting and invoicing procedures.
  • It helps you manage the complexities involved in tracking expenses, chasing payments, and managing taxes.
  • You can easily and quickly send out professional invoices, estimates, and receipts.
  • You can use the tracking tools to closely monitor and control your business operations.

6. Dayforce HCM

dayforce hcm dashboard example

Dayforce HCM is a cloud-based product that offers talent management, HR management, document management, benefits, analytics, payroll and tax, and workforce management features. This app provides businesses access to real-time data on all elements of human capital management (HCM). It offers a single user experience and no user interfaces. Your company can utilize this system to recruit bright talent, manage benefits enrollment, process pay, maintain HR records, and handle compliance. This solution’s single employee record consolidates all HCM procedures. If you wish to look at other options, browse these viable Dayforce HCM alternatives here.

Why use Dayforce HCM instead of Wave?

  • It offers complete HCM features in a unified suite.
  • The system is web-based and flexible, and compatible with all popular browsers.
  • It helps employees check work-related transactions and information.
  • It offers managers access to real-time reports that have embedded analytics.

Why use Wave instead of Dayforce HCM?

  • It is a free app.
  • It offers a clean and user-friendly dashboard that clearly shows everything you need.
  • You can track the status of all your invoices and payments.
  • It offers receipt scanning tools and bank connections.

7. Namely

namely

Namely is a comprehensive HR suite that unifies benefits, payroll, and talent management functionalities. For this reason, it has been used by more than 400 companies to handle more than $2.5 billion in annual payroll. This cloud-based product can be utilized to streamline basic as well as complex HR processes and adhere to compliance regulations. Other benefits are this system can be utilized to manage employee information and to calculate paychecks accurately by deducting taxes and contributions to benefits such as health insurance. Plus, its robust feature set serves to simplify and speed up HR workflows and processes. To give you more choices, we present viable Namely alternatives here.

Why use Namely instead of Wave?

  • It offers time-off tracking, team planning, and performance reviews features.
  • It provides a unified location where you can manage all of your HR data.
  • It offers plenty of customization options as the system is configurable.
  • It can easily scale to meet your business needs and requirements.

Why use Wave instead of Namely?

  • It enables you to accept credit card payments.
  • You can eliminate manual data entry and minimize errors.
  • It simplifies accounting and invoicing processes.
  • You can quickly create send out professional-looking estimates, invoices, and receipts.

8. Sage HRMS

sage dashboard example

Sage HRMS is designed for the needs of small and mid-sized organizations. It offers a full set of HR tools to enable companies to maximize the potential of their employees from recruitment to talent management. Enterprises can utilize this system to engage their employees and develop their skills to make them valuable assets. The platform’s payroll functionality is built to support the needs of businesses in major industries such as construction, manufacturing, retail, and agriculture to name a few. Another advantage is this solution helps businesses adhere to industry policies and government regulations, and ensure compliance with them. To help you with more choices, we present good Sage HRMS alternatives here.

Why use Sage HRMS instead of Wave?

  • It combines components of employee self-service, applicant tracking system, performance reviews, benefits, and payroll into a single solution.
  • It helps managers to cut down administrative work and focus on important tasks.
  • It offers reporting and analytics tools to help companies evaluate their employees’ performance.
  • The analytics feature provides businesses valuable insights that they can use to make smart decisions.

Why use Wave instead of Sage HRMS?

  • It is a free app.
  • Its automatic billing and invoicing features can save you a lot of time.
  • You can conveniently use online pay stubs or choose direct deposit to pay your team.
  • It enables you to accept direct credit card payments.

9. Intuit Payroll

intuit dashboard example

Intuit Payroll is a robust yet affordable payroll system that offers three packages to suit various business budgets and needs. Each package offers limited features except the premier plan, the Full Service Payroll, in which all tax and payroll processes are managed by the software. Companies can utilize this platform to pay their employees accurately on time. They can generate an unlimited number of paychecks and automate payroll tax calculations. Another big advantage is the vendor offers top notch live support from experts. If you wish to look around for more options, browse these good Intuit Payroll alternatives here.

Why use Intuit Payroll instead of Wave?

  • It works well with QuickBooks, another Intuit product.
  • It offers the features you need to effectively manage your employees.
  • It provides tools and tips to help enterprises attract and hire top talents.
  • It can help you to avoid tax penalties.

Why use Wave instead of Intuit Payroll?

  • It offers time-saving features such as recurring invoices and bills.
  • It manages tax calculations and deductions.
  • It provides invoicing, accounting, and receipt scanning tools.
  • It helps you manage the challenges involved in tracking expenses, chasing payments, and managing taxes.

10. Justworks

justworks dashboard example

Justworks is an HR management solution designed to ease the workload of HR officers and managers. Organizations need to manage the different needs of their business teams and Justworks helps them effectively do this task. This product offers automation options and payroll services to enterprises. Plus, it provides easily implementable and feasible solutions to help them manage salaries, benefits, leaves and related matters. This product was launched in 2012 and since then it has become an established brand name in the payroll management software market. If you think it is too basic for you needs, take a look at these excellent Justworks alternatives here.

Why use Justworks instead of Wave?

  • It has partnered with leading benefits providers to give your employees maximum benefits.
  • Your staff members can manage their profiles online.
  • You can pay all your employees on time.
  • You can manage direct deposit payrolls, bonuses, and reimbursements with complete reporting and analytics.

Why is Wave instead of Justworks?

  • Its simple and navigable dashboard clearly displays all the essential details and provides easy access to them.
  • You can configure alerts to remind you of paid and unpaid items.
  • It takes care of yearly record keeping.
  • You can use the tracking tools to closely monitor and control your business operations.

By Nestor Gilbert

Senior writer for FinancesOnline. If he is not writing about the booming SaaS and B2B industry, with special focus on developments in CRM and business intelligence software spaces, he is editing manuscripts for aspiring and veteran authors. He has compiled years of experience editing book titles and writing for popular marketing and technical publications.

Leave a comment!

Add your comment below.

Be nice. Keep it clean. Stay on topic. No spam.

Back to
top

Why is FinancesOnline free? Why is FinancesOnline free?

FinancesOnline is available for free for all business professionals interested in an efficient way to find top-notch SaaS solutions. We are able to keep our service free of charge thanks to cooperation with some of the vendors, who are willing to pay us for traffic and sales opportunities provided by our website. Please note, that FinancesOnline lists all vendors, we’re not limited only to the ones that pay us, and all software providers have an equal opportunity to get featured in our rankings and comparisons, win awards, gather user reviews, all in our effort to give you reliable advice that will enable you to make well-informed purchase decisions.