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BambooHR vs Wave: 2026 Comparison

BambooHR Wave
Overview A comprehensive HR software platform for small and medium businesses with employee management, time tracking, and benefits administration. A free accounting and invoicing software for small businesses and freelancers with optional paid payroll and payment processing.
Pricing Subscription (Starting at $6/employee/month) Freemium (Free (accounting) + paid add-ons)
Key Features
  • Employee records
  • Time tracking
  • PTO management
  • Performance reviews
  • Onboarding
  • Reporting
  • Benefits admin
  • Employee self-service
  • Accounting
  • Invoicing
  • Receipt scanning
  • Bank connections
  • Financial reports
  • Payment processing
  • Payroll
  • Multi-currency
Pros
  • Easy to use
  • Great onboarding
  • Good employee experience
  • Clean interface
  • Completely free accounting
  • Good invoicing
  • Easy to use
  • Receipt scanning
Cons
  • Limited customization
  • Payroll costs extra
  • Not for large enterprises
  • Reporting limitations
  • Limited features
  • Payroll costs extra
  • Payment processing fees
  • No inventory management