Wave Payroll vs Monday.com

Wave Payroll

Wave Payroll is a simple payroll solution built into the Wave accounting ecosystem. It is designed for very small businesses that already use Wave for accounting and want an integrated payroll solution. Wave Payroll handles direct deposit, tax payments, and W-2s, making it a natural choice for businesses already in the Wave ecosystem.

Paid pricing · Get Pricing →

Monday.com

Monday.com is a visual work operating system that helps teams plan, track, and manage projects and workflows. Its highly visual interface uses color-coded boards and automations to give teams a clear picture of project status at all times. Monday.com is used by over 180,000 customers worldwide across industries ranging from marketing to software development.

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Pros

• ✓Seamlessly integrates with Wave accounting — no manual data transfer needed
• ✓Very affordable pricing for micro-businesses
• ✓Simple interface with minimal setup required
• ✓Free Wave accounting included with subscription

Cons

• ✗Limited features compared to dedicated payroll platforms
• ✗Tax filing is only automatic in select states — manual filing required in others
• ✗No mobile payroll app
• ✗Not suitable for businesses with complex payroll needs

Pros

• ✓Highly visual and intuitive interface that teams love immediately
• ✓Powerful automation engine to eliminate repetitive work
• ✓Strong dashboard and reporting capabilities
• ✓Excellent customer support and onboarding resources

Cons

• ✗Can get expensive quickly with larger teams due to per-user pricing
• ✗Minimum 3 seats on paid plans
• ✗Some advanced features only available on higher tiers
• ✗Can feel like overkill for simple task management

Best For

Micro-businesses already using Wave accounting that want simple integrated payroll

Best For

Teams wanting a visual, highly customizable project and work management platform