Wave vs QuickBooks Online Comparison Chart

Summary
Pricing
Details
Top features
Typical customers
Support options
Mobile apps
Android
iPhone/iPad
User reviews
Value for money
Ease of use
Features
Customer support
Users recommended to a colleague
Integrations
Social presence
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Reviews

Anonymous
(Information Technology and Services company, 11-50 employees)

Best Free Accounting Software

2019-02-16

Overall, this product is great for basic bookkeeping. I recommend it to all of my coaching clients in their business when they don't have much revenue.

Pros

This is perfect for a small organization and solopreneurs. I eventually changed to QUickBooks when my company got large enough, but for my side gigs, this is perfect and free!

Cons

This is why I use QuickBooks Online instead for my main corporation.

Rating breakdown

Ease of use
Features

Time used: 2+ years

Frequency of use: Weekly

Likelihood to recommend

9/10
Source: Capterra
Helpful?   Yes   No
Wave Reviews
Wave
All-in-one accounting, invoicing, payroll, payments & receipt management
Read more
Michele Panek

Pretty decent for a free accounting program.

2018-07-19

Free!

Pros

FREE!!! You have got to love that aspect... Great way to save personally or for your small business.

Cons

WAve is, in my opinion, a little less user-friendly than Quickbooks online? I do prefer my Quickbooks online.

Rating breakdown

Value for money
Ease of use
Features
Customer support

Time used: Less than 6 months

Frequency of use: Daily

Likelihood to recommend

7/10
Source: Capterra
Helpful?   Yes   No
Wave Reviews
Wave
All-in-one accounting, invoicing, payroll, payments & receipt management
Read more
Anonymous
A verified reviewer

Fantastic accounting software

2018-01-20

We've saved money because Wave Apps doesn't require a monthly fee to use like Quickbooks online or other accounting software.

Pros

We use Wave Apps for our small side business - it's been a fantastic tool for accounting. We can send invoices and accept credit card payments... and more recently they've added the feature to automatically schedule recurring invoices and payments. It has done everything we've needed and is our go-to choice for accounting software.

Cons

The only downside is that there are less integration capabilities with Wave Apps as you might find with a more commonly used software like Quickbooks.

Rating breakdown

Value for money
Ease of use
Features
Customer support

Time used: 2+ years

Frequency of use: Weekly

Likelihood to recommend

10/10
Source: Capterra
Helpful?   Yes   No
Wave Reviews
Wave
All-in-one accounting, invoicing, payroll, payments & receipt management
Read more
Tiffany Bateman

Easy to use online program

2018-02-12

Offer more reports please!

Pros

I like the easy to use features with Wave. I have used more of the payroll side of things and I really like it compared to other payroll companies that I have used.

Cons

They only offer a select amount of reports and I feel that if they offered more reports that more people would choose their software over say Quickbooks Online.

Rating breakdown

Value for money
Ease of use
Features

Time used: 1-2 years

Frequency of use: Weekly

Likelihood to recommend

10/10
Source: Software Advice
Helpful?   Yes   No
Wave Reviews
Wave
All-in-one accounting, invoicing, payroll, payments & receipt management
Read more
Anonymous
A verified reviewer

Amazing functionality and performance for FREE

2018-03-13

For software that is free (!) this product is an absolute treasure for any small business. I can connect my bank, raise great-looking sales invoices, auto-chase bill payments as well as create cash-flow forecasts, all without spending a penny. I would recommend this to software to any business owner, all day!

Pros

The functionality is great and the UI stands up against the likes of Quickbooks Online and Xero.

Cons

The customer service was a little slower than I would expect (+3 days for a response) but then again, I'm not even paying for the service by this stage. I have experienced some low-level display issues on the dashboard screen while using my Macbook Pro (13") laptop.

Rating breakdown

Value for money
Ease of use
Features
Customer support

Time used: Less than 6 months

Frequency of use: Monthly

Likelihood to recommend

10/10
Source: Capterra
Helpful?   Yes   No
Wave Reviews
Wave
All-in-one accounting, invoicing, payroll, payments & receipt management
Read more
William Litwa

Super simple, which is both good and bad

2018-05-08

Pros

Okay, so if you're just starting out working freelance, this is probably where you want to start. QuickBooks Online is where you'll wind up eventually, but that program stinks REAL hard.

Cons

It confuses my accounts sometimes. I'm sure I could fix it, but I can't figure out how. But I also don't really use those features. If I did, I'd probably migrate to a more advanced application.

Rating breakdown

Value for money
Ease of use
Features
Customer support

Time used: 2+ years

Frequency of use: Monthly

Likelihood to recommend

7/10
Source: Capterra
Helpful?   Yes   No
Wave Reviews
Wave
All-in-one accounting, invoicing, payroll, payments & receipt management
Read more
rohan kumar

very very good

2016-09-10

I can't believe how many years I've wasted with Quickbooks Online and Freshbooks....just to discover Wave and how absolutely amazing it is.

Rating breakdown

Value for money
Ease of use
Features
Customer support

Time used: Less than 6 months

Frequency of use: Daily

Likelihood to recommend

9/10
Source: Capterra
Helpful?   Yes   No
Wave Reviews
Wave
All-in-one accounting, invoicing, payroll, payments & receipt management
Read more
Richard Dolmat

Incredible

2016-03-02

I can't believe how many years I've wasted with Quickbooks Online and Freshbooks....just to discover Wave and how absolutely amazing it is.

Rating breakdown

Ease of use
Customer support
Source: Capterra
Helpful?   Yes   No
Wave Reviews
Wave
All-in-one accounting, invoicing, payroll, payments & receipt management
Read more
Jeff Summers

Great Free Accounting Application

2018-03-31

Pros

Wave is a great application for a small company that is just starting and needs a basic accounting platform. It can handle invoices, employee payroll, receipt tracking and more with ease. It also has numerous reports available to let you see how profitable (hopefully!) your business is. They also have mobile apps so that you can take pictures of receipts from anywhere.

Cons

Over time you will likely need to move to something like Quickbooks Online to get more auditing functionality.

Rating breakdown

Value for money
Ease of use
Features
Customer support

Time used: 1-2 years

Frequency of use: Weekly

Likelihood to recommend

9/10
Source: Capterra
Helpful?   Yes   No
Wave Reviews
Wave
All-in-one accounting, invoicing, payroll, payments & receipt management
Read more
Quintin Pease

Verified Reviewer

I suggest this to my startup business clients

2015-12-01

I'm two years into my business and for nearly the first year I used Wave. It's what I suggest to my clients who are looking for something cloud-based and easy to use. Yes, it is not perfect, but it's FREE. I currently use InvoiceASAP, but I'm strongly considering switching back to Wave after the first of the year. Why? The cost of one, but features are another. Nothing else free compares.

Pros

Receipt scanner. Invoices look nice. Email is sent from Wave account (Not quite sure that is a plus or a negative). Connects to your Bank Account and lets your categorize the transaction. Dashboard has great-looking layout with graphs. Paid invoices are marked as a receipt instead of an invoice which makes more sense to me. Will alert you of non-payment on a regular basis. Sales Tax Report is basic, but layout is very appealing. Has Premium Payroll option starting at $19/month with direct deposit included. On a more positive note, I recently received an email from the CEO saying to look out for improvements to Wave in the near future. Apparently, there will be new tools and features and it will be faster. I look forward to that.

Cons

However, it you have Quickbooks (Stand Alone version) on your computer and you bank with an up-to-date institution that allows you can integrate for a fee and not have to pay an additional ongoing subscription to Quickbooks online.

Rating breakdown

Value for money
Ease of use
Customer support

Time used: 6-12 months

Source: GetApp
6 of 6 people found this review helpful
Helpful?   Yes   No
Wave Reviews
Wave
All-in-one accounting, invoicing, payroll, payments & receipt management
Read more
Melissa Whaley

The Best Cloud Accounting I've found

2014-11-21

I started using it about 5 years ago because I was tired of buying the "cheap" version of Quickbooks online to keep track of my husband's tutoring income.

Rating breakdown

Ease of use
Customer support
Source: Capterra
Helpful?   Yes   No
Wave Reviews
Wave
All-in-one accounting, invoicing, payroll, payments & receipt management
Read more
Al Coors

Great Software for Small Business (Beta User)

2016-10-08

If I were starting over again today I would have to carefully reconsider and compare with Quickbooks Online. I would NEVER willfully choose to run their desktop products.

Pros

Cloud

Cons

Support

Rating breakdown

Value for money
Ease of use
Features
Customer support

Time used: 2+ years

Frequency of use: Daily

Likelihood to recommend

8/10

Recommendations to others considering Wave

Runs on anything because it runs in a browser!

Source: Capterra
Helpful?   Yes   No
Wave Reviews
Wave
All-in-one accounting, invoicing, payroll, payments & receipt management
Read more
Nate Mandel

Verified Reviewer

Be aware!

2016-02-14

Conclusion: (aside from me being so frustrated, hardly able to contain myself) Well, firstly I would like to say that I switched to Quickbooks online right away.

Rating breakdown

Value for money
Ease of use
Customer support

Time used: Less than 6 months

Source: GetApp
9 of 14 people found this review helpful
Helpful?   Yes   No
Wave Reviews
Wave
All-in-one accounting, invoicing, payroll, payments & receipt management
Read more
Josh A

Accounting Software is Essential for Any Business

2019-04-02

I ultimately ended up switching to Wave as my primary accounting software but I was a big fan of QuickBooks.

Pros

Quickbooks makes it easy to manage your own books (especially if you don't deal with A LOT of transactions). It's easy to import all of your transactions from your bank account, categorize them, and send your books to a CPA at the end of the year.

Cons

Quickbooks is a great service but there are free options that do the same thing (i.e. Wave).

Rating breakdown

Value for money
Ease of use
Features

Time used: 1-2 years

Frequency of use: Other

Likelihood to recommend

7/10
Source: Capterra
Helpful?   Yes   No
QuickBooks Online Reviews
QuickBooks Online
Small business accounting software
Read more
Anonymous
(Financial Services company, myself only employees)

Not the same as it used to be

2018-10-30

I switched to Wave accounting, where the free price offsets the occasional hiccup.

Pros

I have used quickbooks products for literally decades now. I was an early user of quickbooks online. Obviously early on the online component was innovative and important. Now its the norm. The good thing about Qbo is that most features you need are there.

Cons

For the price of the software, there is little support and I have had numerous problems getting help with issues. It seems that almost once per year i would run into a big problem and it would take numerous ongoing calls to resolve. For a company of Intuit's size that is not acceptable. I would be told I would be notified of status and no one gets back to me, forcing me to call in again.

Rating breakdown

Value for money
Ease of use
Features
Customer support

Time used: 2+ years

Frequency of use: Weekly

Likelihood to recommend

4/10
Source: Capterra
Helpful?   Yes   No
QuickBooks Online Reviews
QuickBooks Online
Small business accounting software
Read more

Not the Easiest but Okay

2018-12-23

Pros

The process of invoicing or making adjustments just isn't as easy as other 100% free software out there like Wave. Personally I just found I wasn't using it enough to want to pay for it.

Cons

Involves a learning curve. Support and training isn't the best. Navigating around is also not great.

Rating breakdown

Value for money
Ease of use
Features
Customer support

Time used: Less than 6 months

Frequency of use: Weekly

Likelihood to recommend

5/10
Source: GetApp
Helpful?   Yes   No
QuickBooks Online Reviews
QuickBooks Online
Small business accounting software
Read more
Gary Sekigahama

Use a Mac? Stay away

2017-01-06

I don't know what Intuit's issue with Mac is but even their main product has major issues with a Mac and you will lose data and functionality if you switch from a Windows. We use Wave instead and, no problems.

Rating breakdown

Value for money
Ease of use
Features
Customer support
Source: Capterra
Helpful?   Yes   No
QuickBooks Online Reviews
QuickBooks Online
Small business accounting software
Read more