Wave Accounting Competitors and Alternatives 2025

Ditulis pada 31 Jul 2024 oleh AturToko

The freemium version includes basic features like online invoicing, estimates, online payments, multi-lingual invoicing, expenses, mileage tracking, bank reconciliation, and 1099 contractors. ZipBooks is a free Wave alternative that offers essential accounting features to small businesses. Its user-friendly interface and automation capabilities make it an attractive option for entrepreneurs seeking simplicity and efficiency in their financial management. HoneyBook is an all-in-one clientflow management platform designed for independent businesses and freelancers. It offers a suite of tools including online contracts, invoices, payments, proposals, scheduling, and automations to streamline client interactions and business processes. QuickBooks is arguably the most popular accounting software option available, but it isn’t the only solution.

The simplicity that once sufficed might no longer meet the demands of a flourishing enterprise. Alternatives to Wave Accounting present an opportunity to harness advanced features, scalability, and industry-specific tools that align seamlessly with evolving needs. In the world of financial management, Wave Accounting has been a reliable companion for many businesses. However, as business needs evolve and diversify, exploring alternatives becomes a natural step.

If you’ve started a new business and are running tight on a budget, Xero is the Wave alternative you should consider. RefreshMe’s strength lies in providing real-time, actionable insights. However, the lack of public pricing and potentially less comprehensive core accounting features might be considerations for some users. See how Dext’s automated data entry, expense tracking, and reporting can streamline your finances. Puzzle IO is a new financial management software for startups and small businesses. Merchant Maverick’s ratings are editorial in nature, and are not aggregated from user reviews.

Cost considerations

• QBO is a great choice for business owners who were drawn to Wave for its invoicing but want more features and additional users without sacrificing ease of use.
• All plans include unlimited invoices, time tracking, recurring invoices, unlimited estimates, customizable invoices, online credit card payments, and online ACH bank transfers.
• GnuCash is a free and open-source accounting software for small businesses.
• FreshBooks is one of the best alternatives to Wave Accounting software due to its automation and project management capabilities.
• Hiveage supports multiple currencies and languages, making it suitable for international businesses.

Both programs are well-loved by users and receive positive customer reviews. QBO is a great choice for business owners who were drawn to Wave for its invoicing but want more features and additional users without sacrificing ease of use. While it’s more expensive than Wave’s $0/month, your money goes a long way in terms of features. QuickBooks Online is one of the biggest names in accounting — and for good reason. The software has an incredible number of features, strong accounting, good payroll and tax support, and tons of integrations. QBO also offers business funding with its built-in financing option, QuickBooks Capital.

Best Billing Software For Small Businesses 2025

On top of that, QuickBooks has more payment methods than your current accounting software, Wave. QuickBooks offers similar features to Wave Accounting but at a lower price, meaning you don’t need to spend hefty money. In short, Moon Invoice is the one-stop accounting and invoicing platform for companies that are striving for growth. Therefore, you need to choose accounting software carefully that can be a trusted companion on the road to your business’s success.

It comes with a good set of features, including invoicing, online payments, tracking income and expenses, sales tax tracking, advance reporting, and multi-currency. But don’t be fooled by its price tag; Wave doesn’t skimp on features. The software provides a suite of essential tools, including invoicing, that enables businesses to keep their financials in shipshape condition without spending a single doubloon.

FreshBooks Features

If you were drawn to Wave because of its price, QuickBooks Solopreneur and its features are designed specifically for you at a small monthly cost. The software is a great choice for freelancers needing extra help managing their business and staying tax compliant without spending tons of money or hours to do so. If you were drawn to Wave’s ease of use and invoicing, FreshBooks matches those features and adds far better customer support and mobile apps, which may make up for the more expensive cost.

Businesses that prefer to have control over their accounting software and want to tailor it precisely to their needs will find Akaunting a compelling alternative to consider. One of ZipBooks’ unique features is its AI-powered accounting analytics, which analyzes financial data to provide valuable insights. This helps businesses gain a deeper understanding of their financial performance and identify potential areas for improvement. No surprise that Wave has maintained an impressive average rating in accounting software directories and garnered praise for its customer support and intuitive navigation. As we mentioned above, Wave truly rides a wave of its own as a powerful and user-friendly tool helping businesses manage their finances. Gusto is an easy, online payroll and benefits software built for small businesses.

New Wise Business Features for Budgeting

It stands out as one of the most affordable accounting software available for features like unlimited invoices and automated payment reminders. The software supports many ways for getting paid through both offline and online payments, including PayPal, Stripe, Zelle, bank transfers, and checks. With customizable invoices and a plethora of branding options, users can tailor their financial documents to align seamlessly with their brand identity. FreshBooks is another popular Wave alternative known for its user-friendly interface and powerful invoicing and expense tracking capabilities.

You can send invoices, create bills, add multiple currencies, manage expenses, and add customers as your business grows. Today, you can’t imagine efficient accounting management without using accounting software. Wave rocks the boat for many businesses and entrepreneurs with its user-friendly interface and affordability. However, as one size doesn’t fit all, it might not be the perfect match for everyone. They’ve removed the categories and the date the invoice was sent from the invoice view, forcing me to open each invoice individually to confirm the date.

Choosing the right online accounting software for the small businesses is crucial. It’s no wonder Wave has been such a success in the accounting software world. With a free pricing structure, strong accounting, and numerous features, it is easy to see why over 3 million people use it. QuickBooks Solopreneur’s features are geared directly toward freelancers and address common self-employment issues, such as managing expenses, tracking deductions, and handling estimated quarterly taxes. Zoho Books’ feature set gives programs such as QuickBooks Online and Xero a run for their money. The software also offers the best invoicing capabilities on the market and many time-saving automations.

• You can use ZarMoney to reconcile and track expenses, manage your contacts, and send invoices.
• Rather, you will see forecasts based on your company’s past performance.
• However, the best accounting software for your business will depend on many factors, like your budget, preferences, type of business, and more.
• However, the user needs to pay extra to avail catch-up bookkeeping features, which can drain your company’s budget.
• Zoho Books’ feature set gives programs such as QuickBooks Online and Xero a run for their money.
• The only drawback of Zoho Books is that its payroll options are very limited.

Amy Nichol Smith spent more than 20 years working as a journalist for TV and newspapers before transitioning to software and hardware product reviews for consumers and small businesses. Times, Tom’s Guide, Investopedia and various newspapers across the U.S. User reviews act as a compass, guiding you towards alternatives that not only meet your functional requirements but also align with the user experience expectations of your team. Your accounting platform shouldn’t operate in isolation but should be a harmonious part of your overall business toolkit. Check out our growing YouTube channel where we go deeper into the digital tools and share more of our personal experiences growing our businesses.

Get acquainted with the tax slabs in India by going through our latest blog on GST exclusive Vs inclusive by online accounting software experts. Wave Accounting no longer has offline access, meaning you need a stable internet connection to manage tax or accounting data. If offline access is your priority, you need to consider options other than Wave Accounting. We conducted our research with a focus on the accounting software industry and what small business owners need to succeed.

Our dedicated experts research and test SMB solutions so you can make smart, confident decisions. With business.com+, members get dedicated support, exclusive deals and expert advice. Read our comprehensive Xero review for more information on this software’s extensive integrations and intuitive interface. 👎Businesses preferring accrual adjustments need to pay extra fees starting at $100/month.👎Communication delays have been reported during the tax season, leading to frustration among users.

Zoho Books offers six affordable pricing plans ranging from $0-$275/month. The larger the plan, the more invoices, features, and user seats you have access to. Payments are made monthly, although there is a discount for purchasing an annual subscription. If you’re just starting your business journey as a solopreneur or freelancer, you may want to consider an all-in-one management software that already includes invoicing and money management.

For many small businesses and freelancers, Wave Accounting was once a top contender in the world of free accounting software. Its super intuitive interface and budget-friendly price tag made it a favorite for those looking to manage finances without investing heavily in software or the time it takes to learn it. However, QuickBooks Online offers better invoice templates and automations, more reports, more developed time tracking, inventory features, a project management feature, and even lending services. Invoicera is a great alternative to Wave because it has client and project management, invoice management, automated recurring expenses, time tracking, and many payment gateways. On the downside, the layout and design of this software is outdated and is more cluttered than the other alternatives we mention. The project management portal especially looks dated and offers very limited features and customization.

Moreover, its user-friendly interface is less complex than QuickBooks. This simplicity allows users to easily navigate through the platform and manage their finances without any hassle. Square Invoices is an affordable alternative to QuickBooks that provides exactly what you need for payment processing. It’s a cloud-based solution that lets you run your business anywhere with internet access. The paid plan lets you create custom invoices and save templates, with standard Square processing rates for card and ACH payments.

Some of the links that appear on the website are from software companies from which CRM.org receives compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). Pricing is very straightforward; there’s only one paid plan that includes all the features. You’ll also find a wide range of management free wave accounting alternative reports and financial statements that can be used for reporting. Unlike other software that limits the number of users, Xero doesn’t impose any limits. Xero is suitable for many markets, such as e-commerce, IT, legal, and retail.