Compare Payroll by Wave and BambooHR - Dec 2022

Shlomi Lavi

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Bottom Line: Which is Better - Payroll by Wave or BambooHR?

Payroll by Wave is more expensive to implement (TCO) than BambooHR, and BambooHR is rated higher (97/100) than Payroll by Wave (80/100). BambooHR offers users more features (11) than Payroll by Wave (8). There is a clear winner in this case and it is BambooHR!

Looking for the right Payroll solution for your business? Buyers are primarily concerned about the real total cost of implementation (TCO), the full list of features, vendor reliability, user reviews, and the pros and cons. In this article we compare between the two software products:

Wave Accounting Vs. BambooHR

Wave Accounting: Wave Accounting is an awesome, cloud-based, integrated software and tools for small businesses. So far, that includes Invoicing, Accounting, Payroll, Payments and more, plus Personal Finance Software, too.

BambooHR: We're a group of hard-working and fun-loving people who are passionate about building great web-based software. Members of our team have worked for small successful companies, as well as publicly-held giants like Disney, Intuit, Intel, Novell, Omniture (an Adobe company), and HP. We're working hard to create tools that make our customers' ...

Who is more expensive? Payroll by Wave or BambooHR?

The real total cost of ownership (TCO) of Payroll software includes the software license, subscription fees, software training, customizations, hardware (if needed), maintenance and support and other related services. When calculating the TCO, it's important to add all of these ”hidden costs” as well. We prepared a TCO (Total Cost) calculator for Payroll by Wave and BambooHR.

Payroll by Wave price starts at $35 per month , On a scale between 1 to 10 Payroll by Wave is rated 2, which is much lower than the average cost of Payroll software. BambooHR price starts at $5.25 per employee/month , When comparing BambooHR to its competitors, the software is rated 2 - much lower than the average Payroll software cost.

Bottom line: Payroll by Wave cost is around the same cost of BambooHR.

Which software includes more/better features?

We've compared Payroll by Wave Vs. BambooHR based on some of the most important and required Payroll features.

Payroll by Wave: Check Printing, Benefits Administration, Employee Self-Service, Payroll, Data Analysis Tools, Direct Deposit, Payroll Tax Management, W-2 Preparation.

BambooHR: Employee Self-Service, HR Management, Payroll, Performance Record, Software Customization.

Target customer size

The software is a viable product for small and medium businesses without any restriction on industrial affiliation. BambooHR offers its intuitive online HR software to medium and small businesses.