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myBooks vs Wave Accounting: Which Accounting Software Is Better?


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Last Updated: May 22, 2025

Both myBooks and Wave Accounting are leading accounting software solutions, but which one is better for you and your business?

Below we compare myBooks and Wave Accounting across nearly 50 different data points to help you make find the right one.

myBooks vs Wave Accounting Reviews

myBooksWave Accounting
Trustpilot Rating41.5
Number of Trustpilot Reviews4127
iPhone App Rating4.14.5
Number of iPhone App Reviews335,700
Android App Rating3.23.6
Number of Android App Reviews23123,000

myBooks vs Wave Accounting Pricing

myBooksWave Accounting
Free TrialYesNo
Free Trial Length30 daysNo
Cheapest Plan NameStandardFree
Cheapest Plan Cost Per Month$9.99NA
Mid Priced Plan NamePremiumNA
Mid Priced Plan Cost Per Month$9.99NA
Top Plan NameEnterpriseNo
Top Plan Cost Per MonthNot ListedNA

myBooks vs Wave Accounting Features

FeaturesmyBooksWave Accounting
Target Business SizeMediumSmall
Tax HelpYesYes
Income & ExpensesYesYes
BookkeepingYesYes
Send InvoicesYesYes
Collect Payments Via Bank TransferYesYes
Collect Payments Via Credit CardYesYes
Recurring PaymentsNoYes
Enter BillsYesYes
Reconcile Bank TransactionsYesYes
Bank Account IncludedNoNo
Cash Flow ReportYesYes
W-9 + 1099 ManagementNoYes
Help With Sales TaxNoYes
Use Multiple CurrenciesYesYes
Expense TrackingYesYes
Payroll Software IntegrationNoYes
Tax DeductionsNoYes
Receipt CaptureNoYes
Mileage TrackingNoNo
Time ManagementNoNo
Inventory ManagementYesYes
User Access ControlsYesYes
Financial PlanningYesYes
Import/Export To & From ExcelYesYes
Free SupportYesNo
APIYesYes

List of Other Software Integrations

myBooksWave Accounting
  • QuickBooks
  • Xero
  • Zapier
  • Make
  • Google Workspace
  • Zohoflow
  • HubSpot CRM
  • noCRM.io
  • Stripe
  • PayPal

myBooks Standard Features

  • 3 User
  • 1 Division/Branch
  • 100 Tansactions
  • Single Bank Account
  • Payment Integration
  • Purchase Order
  • Android & IOS app

Wave Accounting Free Features

  • Get unlimited income and expense tracking.
  • Add unlimited partners, collaborators, or accountants.
  • Know if you should charge clients more just by glancing at your dashboard.
  • Make unlimited bank and credit card connections.
  • Access helpful reports like Overdue Invoices & Bills and Profit & Loss.

myBooks Enterprise Features

  • Multi-Division/Branch
  • Unlimited User
  • Unlimited Transactions
  • Profitability Analysis
  • Priority Support
  • Automatic Bank Feed
  • SMS Integration
  • Purchase Order
  • Android & IOS app

Wave Accounting No Features

NA

myBooks vs Wave Accounting Pro & Cons

myBooksWave Accounting
Pros
  • Free plan
  • Very affordable
  • Simple Layout and user friendly
  • Free plan
  • Unlimited invoicing
  • Robust reporting
Cons
  • No pricing information for Top Plan
  • Limited users with each plan
  • Scalability Limits
  • Additional fee for scanning and uploading receipts
  • No live support
  • No third-party integrations with additional features

Other Accounting Software Comparisons

  • QuickBooks Online vs Neat
  • Xero vs TrulySmall Accounting
  • TopNotepad vs Botkeeper
  • TopNotepad vs Acclux
  • Akounto vs Neat
  • myBooks vs Striven
  • Patriot Software vs NetSuite
  • Kashoo vs OneUp
  • Sage Accounting vs Neat
  • HoneyBook vs myBooks

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