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Compare Wave vs Xero

Wave - Accounting Software
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Xero
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Overview

Description

With Wave, small businesses have access to professional accounting services without any cost. It offers Invoicing, Accounting, and Receipt scanning for free, while its affordable packages ... Read More

Xero software is a cloud-based accounting system that helps businesses manage their finances, run payroll, and save time so they can focus on growing their business. This single platform ... Read More

Free Trial Availability
  • No free trial
Spotsaas Score

9.6/10

9.6/10

User Ratings

3.6

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Software Demo

Demo

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Features

Total Features

21 Features

17 Features

Unique Features
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      Other Details

      Organization Types supported
      • Individuals
      • Freelancers
      • Medium Business
      • Small Business
      • Large Enterprises
      • Individuals
      • Freelancers
      • Medium Business
      • Small Business
      • Large Enterprises
      Platforms Supported
      • Browser Based (Cloud)
      • Mobile - Android
      • Mobile - iOS
      • Installed - Windows
      • Installed - Mac
      • Browser Based (Cloud)
      • Browser Based (Cloud)
      • Mobile - Android
      • Mobile - iOS
      • Installed - Windows
      • Installed - Mac
      • Browser Based (Cloud)
      Modes of support
      • 24/7 (Live rep)
      • Business Hours
      • Online
      • 24/7 (Live rep)
      • Business Hours
      • Online
      API Support
      • Available
      • Available
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      User Reviews

      User Ratings

      No reviews available for the product

      Rating Distribution

      No reviews available for the product

      Excellent

      4042

      Very Good

      197

      Good

      83

      Poor

      70

      Terible

      213

      Expert's Review generated by AI

      Wave Accounting presents itself as a convenient and accessible financial management tool, particularly for freelancers and small businesses. Its user-friendly interface and free basic accounting ...Read more

      Xero has repeatedly proven to be a reliable and user-friendly accounting solution, especially for those transitioning from other platforms or new to accounting software. The standout feature, as ...Read more

      Pros and Cons
      • Provides free accounting tools and features, making it an accessible option for small businesses and freelancers with tight budgets.

      • Easy to use, intuitive interface that simplifies invoicing, expense tracking, and recurring billing for users without an accounting background.

      • Automates key accounting tasks such as bank reconciliations, recurring invoices, and transaction categorization, saving time and effort.

      • Allows seamless integration with bank accounts and imports transactions efficiently, streamlining financial tracking.

      • Offers useful features like cash flow reports, profit and loss statements, and year-round tax preparation assistance.

      • Poor customer service with slow response times, limited availability, and insufficient support, especially for non-paying users.

      • Issues with payment processing, such as funds being withheld, accounts being frozen, or payouts being delayed without clear explanations.

      • Frustrating problems with bank syncing and duplication of transactions, causing significant operational delays.

      • Excellent and highly responsive customer support, praised for quick problem resolution and knowledgeable staff.

      • Patient and professional support team offering step-by-step guidance, making it easier for users to solve complex issues.

      • Easy to use for new users, with support helping users smoothly transition from other software like QuickBooks.

      • Clear and effective troubleshooting guidance, allowing users to resolve technical issues like browser or payroll challenges effortlessly.

      • A focus on community impact, with the ability to help users optimize subscriptions and resources for non-profit and charitable organizations.

      • Difficulty in connecting with support initially, though the quality of assistance once connected is rated highly.

      • New users may experience challenges with specific features (e.g., payroll matching or batch payments) without support.

      • Occasional dependency on detailed guidance to resolve basic technical issues, such as clearing cookies or enabling JavaScript.

      Positive Reviews

      No reviews available for the product

      No reviews available for the product

      Negative Reviews

      No reviews available for the product

      No reviews available for the product

      Customers

      Customers
      Courtright

      Courtright

      Cody Duncan Photography

      Cody Duncan Photography

      Orhtris

      Orhtris

      Coco cubano

      Coco cubano

      Media and Screenshots

      Screenshots
      Transaction

      2 Screenshots

      Pasted image

      3 Screenshots

      Videos
      video-0

      3 Videos

      video-0

      2 Videos

      Frequently Asked Questions (FAQs)

      Stuck on something? We're here to help with all the questions and answers in one place.

      Xero offers Free Trial, but Wave does not.

      Wave is designed for Freelancers and Small Business.

      Xero is designed for Freelancers, Medium Business and Small Business.

      Pricing details for both Wave and Xero are unavailable at this time. Contact the respective providers for more information.

      Some top alternatives to Wave includes Quickbooks, Xero, Freshbooks, Sage Accounting (Sage One), Zoho Books, FreeAgent, TimePay, QuickFile, Reach Accountant, Qonto, Invoiced, QuickBooks Payroll and WavePayroll.

      Some top alternatives to Xero includes Quickbooks, Sage Accounting (Sage One), Zoho Books, Zoho Daybook, QuickFile, Sage Business Cloud Accounting, MYOB, QuickBooks Desktop Pro, QuickBooks Online Advanced and Sage 50cloud Accounting.

      Disclaimer: This research has been collated from a variety of authoritative sources. We welcome your feedback at [email protected].