Compare Payroll by Wave and Paycom payroll Services - Sep 2022

Shlomi Lavi

We publish unbiased reviews. Our opinions are our own and are not influenced by payments from advertisers. This content is reader-supported, which means if you leave your details with us we may earn a commission. Learn why ITQlick is free .

Bottom Line: Which is Better - Payroll by Wave or Paycom payroll Services?

Paycom payroll Services is more expensive to implement (TCO) than Payroll by Wave, and Paycom payroll Services is rated higher (81/100) than Payroll by Wave (80/100). Paycom payroll Services offers users more features (10) than Payroll by Wave (8).

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. Paycom payroll Services

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.

Paycom payroll Services: Regardless of the complexity of your current processes, we can streamline payroll and HR into one online application. See for yourself why Paycom’s technology has made us the fastest growing payroll company in the country.

Who is more expensive? Payroll by Wave or Paycom payroll Services?

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 Paycom payroll Services.

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. Paycom payroll Services price starts at $195.67 per license , When comparing Paycom payroll Services to its competitors, the software is rated 4 - lower than the average Payroll software cost.

Bottom line: Paycom payroll Services is more expensive than Payroll by Wave.

Which software includes more/better features?

We've compared Payroll by Wave Vs. Paycom payroll Services 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.

Paycom payroll Services: Basic Reports, Data Import/Export, Mobile Access, Online Customer Support, Direct Deposit.

Target customer size

The software is a viable product for small and medium businesses without any restriction on industrial affiliation. Customers of the software include small and medium businesses as well as large enterprises.