Smartsheet vs Wave Payroll
A head-to-head comparison to help you pick the right tool
Last updated: April 30, 2026
Smartsheet
Smartsheet is a work management platform that combines the familiarity of spreadsheets with powerful project management and collaboration features. It is widely used by enterprise teams for project tracking, resource management, and automated workflows. Smartsheet is particularly popular with teams comfortable with Excel who need more collaboration and automation capabilities.
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.
Pros
- ✓Familiar spreadsheet interface reduces learning curve for Excel users
- ✓Powerful automation and workflow capabilities
- ✓Strong enterprise security and compliance features
- ✓Excellent for managing large portfolios of projects
Cons
- ✗Pricing is higher than many competitors
- ✗Interface feels dated compared to modern tools
- ✗No free plan — 30-day trial only
- ✗Less intuitive for teams unfamiliar with spreadsheet-style tools
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
Smartsheet vs Wave Payroll: Side by Side
| Factor | Smartsheet | Wave Payroll |
|---|---|---|
| User Rating | N/A | N/A |
| Category | Project Management | Payroll Software |
| Pricing Model | Paid | Paid |
| Starting Price | $9/user/mo | $20/mo + $6/person |
| Best For | Enterprise teams wanting spreadsheet-familiar project management with powerful automation | Micro-businesses already using Wave accounting that want simple integrated payroll |
| Our Pick | — | — |
Smartsheet Features
- ✓Spreadsheet-style project management
- ✓Gantt charts
- ✓automation
- ✓dashboards
- ✓resource management
- ✓forms
- ✓integrations
- ✓reporting
- ✓enterprise security
Wave Payroll Features
- ✓Payroll processing
- ✓direct deposit
- ✓tax payments and filings
- ✓W-2 and 1099 preparation
- ✓Wave accounting integration
- ✓employee self-service
Pricing Comparison
Our Take
Choose Smartsheet if enterprise teams wanting spreadsheet-familiar project management with powerful automation. Choose Wave Payroll if micro-businesses already using wave accounting that want simple integrated payroll.
Best For
Enterprise teams wanting spreadsheet-familiar project management with powerful automation
Best For
Micro-businesses already using Wave accounting that want simple integrated payroll
Also Consider
If neither Smartsheet nor Wave Payroll is the right fit, Wrike is worth evaluating.
Wrike
Marketing and creative teams needing enterprise project management with approvals and proofing
From Free
Frequently Asked Questions
What is the difference between Smartsheet and Wave Payroll?
Smartsheet is best for enterprise teams wanting spreadsheet-familiar project management with powerful automation. Wave Payroll is best for micro-businesses already using wave accounting that want simple integrated payroll.
Which is better, Smartsheet or Wave Payroll?
Choose Smartsheet if enterprise teams wanting spreadsheet-familiar project management with powerful automation. Choose Wave Payroll if micro-businesses already using wave accounting that want simple integrated payroll.
How much does Smartsheet cost?
Smartsheet starts at $9/user/mo. Pricing model: Paid.
How much does Wave Payroll cost?
Wave Payroll starts at $20/mo + $6/person. Pricing model: Paid.
Who should use Smartsheet?
Enterprise teams wanting spreadsheet-familiar project management with powerful automation
Who should use Wave Payroll?
Micro-businesses already using Wave accounting that want simple integrated payroll