Both Xero and Wave Accounting are leading accounting software solutions, but which one is better for you and your business?
Below we compare Xero and Wave Accounting across nearly 50 different data points to help you make find the right one.
Xero vs Wave Accounting Reviews
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| Xero | Wave Accounting | ||
| Trustpilot Rating | 4.3 | 1.5 | |
| Number of Trustpilot Reviews | 6,232 | 127 | |
| iPhone App Rating | 4.6 | 4.5 | |
| Number of iPhone App Reviews | 982 | 5,700 | |
| Android App Rating | 4.3 | 3.6 | |
| Number of Android App Reviews | 12,400 | 23,000 |
Xero vs Wave Accounting Pricing
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| Xero | Wave Accounting | |
| Free Trial | Yes | No |
| Free Trial Length | 30 days | No |
| Cheapest Plan Name | Early | Free |
| Cheapest Plan Cost Per Month | $42 | NA |
| Mid Priced Plan Name | Growing | NA |
| Mid Priced Plan Cost Per Month | $42 | NA |
| Top Plan Name | Established | No |
| Top Plan Cost Per Month | $78 | NA |
Xero vs Wave Accounting Features
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| Features | Xero | Wave Accounting |
| Target Business Size | Enterprise | Small |
| Tax Help | Yes | Yes |
| Income & Expenses | Yes | Yes |
| Bookkeeping | Yes | Yes |
| Send Invoices | Yes | Yes |
| Collect Payments Via Bank Transfer | Yes | Yes |
| Collect Payments Via Credit Card | Yes | Yes |
| Recurring Payments | Yes | Yes |
| Enter Bills | Yes | Yes |
| Reconcile Bank Transactions | Yes | Yes |
| Bank Account Included | No | No |
| Cash Flow Report | Yes | Yes |
| W-9 + 1099 Management | Yes | Yes |
| Help With Sales Tax | Yes | Yes |
| Use Multiple Currencies | Yes | Yes |
| Expense Tracking | Yes | Yes |
| Payroll Software Integration | Yes | Yes |
| Tax Deductions | Yes | Yes |
| Receipt Capture | Yes | Yes |
| Mileage Tracking | Yes | No |
| Time Management | Yes | No |
| Inventory Management | Yes | Yes |
| User Access Controls | Yes | Yes |
| Financial Planning | Yes | Yes |
| Import/Export To & From Excel | Yes | Yes |
| Free Support | Yes | No |
| API | Yes | Yes |
List of Other Software Integrations
| Xero | Wave Accounting |
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Xero Early Features
- Send invoices and quotes
- Enter bills
- Reconcile bank transactions
- Capture bills and receipts with Hubdoc
- Short-term cash flow and business snapshot
- W-9 + 1099 Management
- Sales Tax
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.
Xero Established Features
NA
Wave Accounting No Features
NA
Xero vs Wave Accounting Pro & Cons
| Xero | Wave Accounting | |
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