Automate the most tedious parts of bookkeeping and get more time for what you love. It’s been one of the best decisions I’ve made when it comes to making sure my accounting is on point. Ready to invoice in style, bookkeep less, and get paid fast?
- Join the thousands of people like you already growing their businesses and knowledge with our team of experts.
- The checkout feature is one-of-a-kind and a great addition for business owners who need to charge multiple customers quickly.
- Wave also has some of the most appealing invoices on the market.
Payments
However, there are a few features the software is still lacking. There’s no project management and limited time tracking, which rules the software out for a lot of businesses. Some automations are also only available on Wave’s paid plan.
Ratings and reviews
By providing feedback on how we can improve, you can earn gift cards and get early access to new features. On the other hand, QBO only supports up to 25 users on its most expensive plan. Additionally, QuickBooks does not have a free plan like Wave, with prices starting at $35/month. One of the most helpful features of Wave is its tax filing feature. Wave now integrates directly with H&R Block to help you file your taxes.
Invoices & Estimates
Wave’s free pricing structure gives the software its appeal, but users that have larger businesses and require more advanced accounting features may find QBO or Xero to be the better fit. However, some features are noticeably missing, such as project management and budgeting, that are found with competing software options such as QuickBooks Online. The lack of these features brought our score in this category to 3 out of 5 stars.
It’s also great for Etsy shop owners and other eCommerce businesses using Wix, Squarespace, or WordPress. Wave has recently updated its pricing model to now include a paid plan. Now, many standard features (such as automatic importing of bank transactions) are only available if you purchase a monthly or annual plan. Additionally, your cost may rise with add-ons like payroll, payment processing, or professional bookkeeping services. Wave allows you to search transactions, design accounting reports and reconcile data across other Wave products.
We weigh each section differently to calculate the total star rating. Xero also doesn’t support multiple what is standard costing sage advice us businesses, so pricing can add up quickly for some users. And it’s worth noting that while Xero has more features, the software also has a steeper learning curve than Wave. Wave holds its own against two of its biggest competitors, QuickBooks Online and Xero.
Accounting Software Review Methodology
The vendors that appear on this list were chosen by subject matter experts on the basis of product quality, wide usage and availability, and positive reputation. Let us know how well the content on this page solved your problem today. All feedback, positive or negative, helps us to improve the way we help small businesses. You can file yourself with assistance or have your taxes filed for you. “It’s not just a cool piece of software, it is giving peace of mind to people.” You deserve to know your taxes aren’t something you have to sweat over the entire calendar year.” Wave has helped over 2 million North American small business owners take control of their finances.
