Wave vs QuickBooks 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
Facebook
Twitter


Reviews

Jay Wasack

Verified Reviewer

Serious Accounting Replacement for Quickbooks?

2015-03-20

What business doesn't write checks? Printing checks is not an option with Wave.

Pros

Low cost nice interfaces. Stripe integration

Cons

No automatic migration from Quickbooks.

Source: GetApp
2 of 2 people found this review helpful
Helpful?   Yes   No

Response from Wave Accounting Inc.


Hi,

I'm sorry that Wave wasn't the right fit for you. We take our customer feedback seriously, and leverage this feedback when determining what features we'll build next.

Based on customer requests for different features, as well as some other factors, check printing isn't currently something that's been prioritized, and as such it's not currently available with Wave.

-Sara from Wave

Wave Reviews
Wave
All-in-one accounting, invoicing, payroll, payments & receipt management
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Jay Wasack

The Wave Accounting: Alternative to Quickbooks

2016-03-05

Pros

Wave promises to be a great alternative to quickbooks and quickbooks line with all of the features a small business needs and small business-friendly pricing.

Cons

What has made us hesitant to go all-in with Wave is their lack of migration support. The process of changing from QB is time consuming and if you're a small business you sometimes do not have the time.

Rating breakdown

Ease of use
Features
Customer support

Time used: Less than 6 months

Likelihood to recommend

7/10

Recommendations to others considering Wave

I'd say if you can see yourself taking the necessary effort to export QB accounts and establish them in Wave, you might be very happy that you did.

Source: Software Advice
Helpful?   Yes   No
Wave Reviews
Wave
All-in-one accounting, invoicing, payroll, payments & receipt management
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Kevin Burke

Great Product but No QB Import

2018-12-11

Simple Accounting software that would fit most small business. Cheaper and easier to use the QB Online

Pros

Ease of use and pricing is excellent. Add ons available as needed.

Cons

Can not import complete history from QuickBooks so switching is not easy.

Rating breakdown

Ease of use
Features

Time used: Free Trial

Frequency of use: Daily

Likelihood to recommend

8/10
Source: Capterra
Helpful?   Yes   No
Wave Reviews
Wave
All-in-one accounting, invoicing, payroll, payments & receipt management
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Tyler Daniels

Wave - Not for Me

2018-02-16

Pros

It is nice that they have a Google App shortcut if you are a Google based company. Quick initial setup

Cons

Coming from Quickbooks, I had a hard time getting started with Wave.

Rating breakdown

Ease of use
Features

Time used: Free Trial

Frequency of use: Daily

Likelihood to recommend

5/10
Source: Software Advice
Helpful?   Yes   No
Wave Reviews
Wave
All-in-one accounting, invoicing, payroll, payments & receipt management
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Anonymous
(Architecture & Planning company, 11-50 employees)

Wave Apps for Self Employment

2018-10-04

Pros

This is an easy to use and easy to learn software for free.

Cons

Not as fully featured as quickbooks and charges a little extra to process payment.

Rating breakdown

Value for money
Ease of use
Features
Customer support

Time used: 2+ years

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
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Alison Medhurst

Free to use, reasonable features

2018-05-01

Pros

Wave accounting is an accounting software that is also free. It is user friendly and has most the features needed for a small business.

Cons

Would like Wave to add in more functionality like the Xero and Quickbooks accounting apps if possible.

Rating breakdown

Value for money
Ease of use
Features
Customer support

Time used: Less than 6 months

Frequency of use: Weekly

Source: Capterra
Helpful?   Yes   No
Wave Reviews
Wave
All-in-one accounting, invoicing, payroll, payments & receipt management
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NATHAN BETTERS

Free Accounting Software

2018-10-20

Great value for the investment (free) the paid version offered a few more support options, steer clear of you are in construction, currently you'll want quickbooks or another app that has project accounting for those lines of business, otherwise Wave is great!

Pros

There is a robust chart of accounts platform making organization easier than quickbooks. Wave also has payment and bank account integrations which could save a business owner hundreds of hours of work per year, however this function is clunky.

Cons

There are also no good ways to migrate from quickbooks to Wave.

Rating breakdown

Value for money
Ease of use
Features
Customer support

Time used: 6-12 months

Frequency of use: Daily

Likelihood to recommend

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

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
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Anonymous
(Real Estate company, 1-10 employees)

Love the fact that it's free!

2018-10-30

Ived used them for years with no problems...that I know of.

Pros

I really dont know enough about it compared to say Quickbooks to know the difference.

Cons

I would be concerned that since its free that maybe there are some things missing that maybe Quickbooks has?

Rating breakdown

Ease of use
Features

Time used: 2+ years

Frequency of use: Monthly

Likelihood to recommend

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

It's not Quickbooks, but it works.

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
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Tipera Cleveland

Great for basic accounting- for just tracking invoices and expenses

2018-01-11

I would recommend for basic accounting needs. Once you work out how to get around the site it works very well.

Pros

Free- Even though I work in Quickbooks I use this system for my personal bookkeeping.

Cons

This wouldn't be suitable for more complex businesses. I don't believe you can track Jobs in it or track inventory. Also I don't like that you can't bill per day instead of per hour.

Rating breakdown

Value for money
Ease of use
Features
Customer support

Time used: 2+ years

Frequency of use: Weekly

Likelihood to recommend

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

Wave is an amazing free accounting option for small business

2018-02-13

Pros

I like how user -friendly Wave Apps is. While there are some features I'd love to see, it is a great value for a free accounting tool!

Cons

Wave is not as robust as Quickbooks or something similar, I didn't expect the same features from a free tool.

Rating breakdown

Value for money
Ease of use
Features
Customer support

Time used: 2+ years

Frequency of use: Weekly

Likelihood to recommend

8/10
Source: Capterra
Helpful?   Yes   No
Wave Reviews
Wave
All-in-one accounting, invoicing, payroll, payments & receipt management
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Trishia Salindong

Free and Effective Small Business Accounting

2019-03-25

Pros

Wave is free and has the fundamental features needed for small business accounting. Customer support is excellent and the team is committed to supporting their users. Works well for what I need as a small business owner!

Cons

It does not appear to have as much functionality nor is it as powerful as Quickbooks. But it is free and does cover all of the bases for basic bookkeeping.

Rating breakdown

Ease of use
Features

Time used: Less than 6 months

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
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Anonymous
A verified reviewer

For a free accounting app, I've been very impressed!

2018-02-01

I'm able to manage all of my accounting and share it with my CPA for free.

Pros

I like that it's a free tool and that it performs well. I can get many of the core features I need without an expensive price tag.

Cons

It's lacking a few features that QuickBooks has.

Rating breakdown

Value for money
Ease of use
Features
Customer support

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
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Sajid Zaman

Free accounting software for your company!

2016-12-05

Fantastic alternative to Quickbooks. Really easy to use and the application has everything you need for book keeping.

Rating breakdown

Value for money
Ease of use
Features
Customer support
Source: Capterra
Helpful?   Yes   No
Wave Reviews
Wave
All-in-one accounting, invoicing, payroll, payments & receipt management
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Sherri Stotler

Great option for those on a shoestring budget!

2018-10-08

I've been happy with it so far. Sometimes my accounts don't sync properly or they get disconnected, so I have to go back in and connect them.

Pros

The price for the overall functionality. It may not be the most robust, but it's the most affordable option out there.

Cons

It leaves a bit to be desired compared to other options like Quickbooks, but the price is worth it and it gets the job done.

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
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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
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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?

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
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McKay Salisbury

Great for a free software, everything you need for a simple business

2018-08-15

Great so far, don't have any issues. Can't complain that it's free!!

Pros

It links to my bank accounts and really does almost everything Quickbooks does.

Cons

One downside is it doesn't let you track you miles. That's ok though since I can do it separately with an app.

Rating breakdown

Value for money
Ease of use
Features
Customer support

Time used: 6-12 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
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Gilles De Clerck

Verified Reviewer

Excellent free invoicing & accounting software

2019-02-22

Whether Wave is something for you depends on the complexity of your business. I'm basically a contractor and so I just need an easy system for creating nice-looking invoices and managing them effectively. Wave covers that, free of charge.

Pros

It's free. But it's also good. Usually when you use a free product in a market that also has paid products, the free product is significantly worse. This is not the case for Wave Apps. The needs I have running a small business are perfectly served with Wave Apps. I've been referring it to all of my freelance and entrepreneurial friends.

Cons

It is not as customizable (and so, in some contexts, powerful) as paid alternatives like QuickBooks but that also means it's easier to use and more straightforward.

Rating breakdown

Value for money
Ease of use
Features

Time used: 6-12 months

Frequency of use: Weekly

Likelihood to recommend

10/10
Source: GetApp
Helpful?   Yes   No
Wave Reviews
Wave
All-in-one accounting, invoicing, payroll, payments & receipt management
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Chris Kirksey

Finally, accounting software I love!

2018-10-23

Outstanding

Pros

So simple to jump in and use, and finally - I’ve been able to dump QuickBooks.

Cons

No phone support made a question I had difficult, but the chat people are great.

Rating breakdown

Value for money
Ease of use
Features
Customer support

Time used: 6-12 months

Frequency of use: Daily

Likelihood to recommend

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

If all you need is basic accounting then try it.

2018-04-11

This is a decent application if you want to track cash flow. Be prepared to do a lot of manual entry for business operations.

Pros

Quick and easy to set up the basics and be off and running. The software loads quickly and is responsive. Free to start. The mobile receipt scanner is a very nice feature. On the slower side but quite good at auth reccognition.

Cons

You can tell it is designed for the small business as an alternative to Quickbooks.

Rating breakdown

Value for money
Ease of use
Features
Customer support

Time used: Less than 6 months

Frequency of use: Daily

Likelihood to recommend

5/10
Source: Software Advice
Helpful?   Yes   No
Wave Reviews
Wave
All-in-one accounting, invoicing, payroll, payments & receipt management
Read more
Anonymous
(Information Services company, 11-50 employees)

Free Accounting Software That's Actually Good

2019-02-12

Works great for being free. No complaints.

Pros

Its free and it helped me send professional looking estimates and quotes as well as invoices. The ability to get paid online is also plus. Mobile app are also great.

Cons

Not as full of features like QuickBooks but for people like me who do side gigs, it doesn't need to be.

Rating breakdown

Value for money
Ease of use
Features

Time used: 1-2 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
Chris Edwin Matema

Wave accounting software

2019-02-28

Pros

Easy to use and has all the functionality of softwares such as Xero and quickbooks. It’s free and good for small businesses.

Cons

Payroll function not available in the UK

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: Software Advice
Helpful?   Yes   No
Wave Reviews
Wave
All-in-one accounting, invoicing, payroll, payments & receipt management
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Robinson Crawford

Excellent Freemium off-the-shelf accounting product

2018-07-25

Pros

This is a brilliant idea by Wave to upend Quickbooks' monopoly on small business bookkeeping.

Cons

As with all accounting software it can be annoying to learn to use. Additionally it doesn't learn patterns very well - every Uber charge is a transportation cost! Learn it!

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: Software Advice
Helpful?   Yes   No
Wave Reviews
Wave
All-in-one accounting, invoicing, payroll, payments & receipt management
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