Compare TSheets and Payroll by Wave - Sep 2022

Shlomi Lavi

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

Payroll by Wave is more expensive to implement (TCO) than TSheets, and TSheets is rated higher (93/100) than Payroll by Wave (80/100). TSheets offers users more features (13) than Payroll by Wave (8). There is a clear winner in this case and it is TSheets!

Looking for the right Time Tracking 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:

Tsheets Vs. Wave Accounting

Tsheets: Founded in 2006 and now headquartered out of a view-worthy riverfront office building in Eagle, Idaho, TSheets serves entrepreneurs and corporations across the globe. Businesses of all shapes and sizes utilize our service to manage and maintain accurate time keeping records, and save on overall payroll costs across the board.TSheets is the brainchi...

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.

Who is more expensive? TSheets or Payroll by Wave?

The real total cost of ownership (TCO) of Time Tracking 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 TSheets and Payroll by Wave.

TSheets price starts at $15 per month , On a scale between 1 to 10 TSheets is rated 2, which is much lower than the average cost of Time Tracking software. Payroll by Wave price starts at $35 per month , When comparing Payroll by Wave to its competitors, the software is rated 2 - much lower than the average Time Tracking software cost.

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

Which software includes more/better features?

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

TSheets: this software is considered "feature-rich" with more than 10 important features, here is a partial list: Basic Reports, Data Import/Export, Mobile Access, Online Customer Support, Automated Scheduling, Employee Database, Group Scheduling, Multi-Location Support.

Payroll by Wave: Check Printing, Benefits Administration, Employee Self-Service, Payroll, Data Analysis Tools.

Target customer size

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