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Zoho Books vs Wave Accounting: Which Accounting Software Is Better?


Disclosure: We may earn commissions if you shop through the links below.

Last Updated: May 22, 2025

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

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

Zoho Books vs Wave Accounting Reviews

Zoho BooksWave Accounting
Trustpilot Rating4.41.5
Number of Trustpilot Reviews4,588127
iPhone App Rating4.84.5
Number of iPhone App Reviews2,1005,700
Android App Rating4.63.6
Number of Android App Reviews14,50023,000

Zoho Books vs Wave Accounting Pricing

Zoho BooksWave Accounting
Free TrialYesNo
Free Trial Length14 daysNo
Cheapest Plan NameStandardFree
Cheapest Plan Cost Per Month$70NA
Mid Priced Plan NamePremiumNA
Mid Priced Plan Cost Per Month$70NA
Top Plan NameUltimateNo
Top Plan Cost Per Month$275NA

Zoho Books vs Wave Accounting Features

FeaturesZoho BooksWave Accounting
Target Business SizeMediumSmall
Tax HelpYesYes
Income & ExpensesYesYes
BookkeepingYesYes
Send InvoicesYesYes
Collect Payments Via Bank TransferYesYes
Collect Payments Via Credit CardYesYes
Recurring PaymentsYesYes
Enter BillsYesYes
Reconcile Bank TransactionsYesYes
Bank Account IncludedNoNo
Cash Flow ReportYesYes
W-9 + 1099 ManagementYesYes
Help With Sales TaxYesYes
Use Multiple CurrenciesYesYes
Expense TrackingYesYes
Payroll Software IntegrationYesYes
Tax DeductionsYesYes
Receipt CaptureYesYes
Mileage TrackingYesNo
Time ManagementYesNo
Inventory ManagementYesYes
User Access ControlsYesYes
Financial PlanningYesYes
Import/Export To & From ExcelYesYes
Free SupportYesNo
APIYesYes

List of Other Software Integrations

Zoho BooksWave Accounting
  • Zendesk
  • Stripe
  • PayPal
  • Authorize.Net
  • Square
  • 2Checkout
  • Braintree
  • CSG Forte
  • Zapier
  • Make
  • Google Workspace
  • Zohoflow
  • HubSpot CRM
  • noCRM.io
  • Stripe
  • PayPal

Zoho Books Standard Features

  • Users
  • Schedule Reports
  • Manage Clients
  • Manage Items
  • Quotes
  • Manage Invoices
  • Customer Portal
  • Record Offline Payments
  • Online Payments
  • Generate Payment Links
  • Automate Payment Reminders
  • Multi-lingual Invoicing
  • Credit Notes
  • Recurring Invoices
  • Expenses
  • Track Mileage Expenses
  • Add Multiple Bank and Credit Card Accounts
  • Import Bank and Credit Card Statements
  • Bank Rules
  • Bank Reconciliation
  • Invite Accountant
  • Chart of Accounts
  • Sub-Accounts
  • Manual Journals
  • Reports
  • Invoice Customization
  • Email Template Customization
  • Manage 1099 Contractors
  • Recurring Expenses
  • Connect and fetch bank & credit card feeds via bank feeds provider
  • Predefined User Roles
  • Bulk Updates – Accounts
  • Transaction Locking
  • Custom Views
  • Custom Fields
  • Reporting Tags
  • Custom Reports
  • Journal Templates
  • Zoho Apps
  • Other Apps
  • Avalara
  • Zendesk
  • Stripe
  • PayPal
  • Authorize.Net
  • Square
  • 2Checkout
  • Braintree
  • CSG Forte
  • PayPal Payflow Pro
  • PayPal Payments Pro
  • Track Sales Tax
  • Email
  • Chat
  • Voice

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.

Zoho Books Ultimate Features

  • Users
  • Schedule Reports
  • Manage Clients
  • Manage Items
  • Quotes
  • Manage Invoices
  • Customer Portal
  • Record Offline Payments
  • Online Payments
  • Generate Payment Links
  • Automate Payment Reminders
  • Multi-lingual Invoicing
  • Credit Notes
  • Recurring Invoices
  • Expenses
  • Track Mileage Expenses
  • Add Multiple Bank and Credit Card Accounts
  • Import Bank and Credit Card Statements
  • Bank Rules
  • Bank Reconciliation
  • Invite Accountant
  • Chart of Accounts
  • Sub-Accounts
  • Manual Journals
  • Reports
  • Invoice Customization
  • Email Template Customization
  • Manage 1099 Contractors
  • Cashflow Forecasting Report
  • Multi-currency Contacts
  • Multi-currency Transactions for Each Contact
  • Recurring Expenses
  • Connect and fetch bank & credit card feeds via bank feeds provider
  • Predefined User Roles
  • Bulk Updates – Accounts
  • Transaction Locking
  • Custom Views
  • Custom Fields
  • Reporting Tags
  • Custom Reports
  • Track Project Expenses and Invoice
  • Project Tasks
  • Timesheet and Billing
  • Sales Approval
  • Retainer Invoices
  • Bills
  • Payments Made
  • Vendor Credits
  • Recurring Bills
  • Sales Orders
  • Purchase Orders
  • Purchase Approval
  • Automatic Exchange Rate
  • Currency Adjustments
  • Stock Tracking
  • Price Lists
  • Landed Costs
  • Custom Roles
  • Timesheet Approval
  • Timesheet – Customer Approval
  • Contextual Chat
  • Retained Invoice for Projects
  • Project Profitability
  • Journal Templates
  • Tasks
  • Recurring Journals
  • Custom Domain
  • Vendor Portal
  • Multi-Transaction Number Series
  • Budgeting
  • Custom Buttons
  • Validation Rules
  • Related Lists
  • WebTabs
  • Workflow Rules (Up to 200)
  • Custom Schedulers
  • Custom Modules
  • Record Locking
  • Integrate Shopify Stores (Up to 2 stores)
  • Warehouse Management (Up to 5 warehouses)
  • Serial Number Tracking
  • Batch Tracking
  • Print Shipping Label
  • Shipment Tracking
  • View real-time reports and dashboards
  • Analyze and track key financial metrics
  • Customize reports and dashboards
  • Analyze Zoho Books data along with other data sources
  • Collaboratively create reports with colleagues
  • Export and print reports as excel or PDF
  • Embed reports in web sites/applications
  • Records/Rows (5 Million)
  • Zoho Apps
  • Other Apps
  • Zoho People
  • Zoho Projects
  • Avalara
  • Zendesk
  • Zoho Sign
  • Twilio
  • Stripe
  • PayPal
  • Authorize.Net
  • Square
  • 2Checkout
  • Braintree
  • CSG Forte
  • PayPal Payflow Pro
  • PayPal Payments Pro
  • Track Sales Tax
  • Email
  • Chat
  • Voice

Wave Accounting No Features

NA

Zoho Books vs Wave Accounting Pro & Cons

Zoho BooksWave Accounting
Pros
  • Free plan
  • Feature-packed
  • Integrates with other Zoho products like Zoho CRM and Zoho People
  • Free plan
  • Unlimited invoicing
  • Robust reporting
Cons
  • Maximum of 15 users for highest-tier plan
  • Transaction limit of 5,000
  • Limited third-party integrations
  • Additional fee for scanning and uploading receipts
  • No live support
  • No third-party integrations with additional features

Other Accounting Software Comparisons

  • NetSuite vs TopNotepad
  • HoneyBook vs Striven
  • TaxSlayer Pro vs Acclux
  • TopNotepad vs Neat
  • Patriot Software vs Accurants
  • Odoo Accounting vs AccountEdge Pro
  • FreshBooks vs Sage Accounting
  • Akaunting vs TaxSlayer Pro
  • gnucash vs Akaunting
  • QuickBooks Online vs Akounto

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