Wave Accounting vs QuickBooks Online: Which is Better?

Wave Accounting Vs QuickBooks Online

Good day to you and welcome to Startup Savant’s quick little comparative Wave Accounting vs QuickBooks Online article. The goal here’s to help you figure out which one is the ideal accounting software for you and/or your team. As we all know, money management is a large part of biz-success (and struggling) and these days software-help is indispensable. Let’s get started!

What Wave Accounting & QuickBooks Online Have In Common

What Sets Them Apart

  • Provides you with bills and invoice reminders which QuickBooks Online doesn’t have.
  • Gives you a “Get Started Guide” so you’ll be able to learn how to use the accounting software in no time.
  • If you go for Wave Accounting, you’re assured of full ownership of any information that you enter into their system.
  • More affordable than QuickBooks Online as it offers a free plan with great features to get started.
  • More comprehensive than Wave Accounting in terms of plans and features.
  • Allows you to integrate a payroll system into your account, you can even take advantage of a 50% discount if you do so.
  • Features credit notes which Wave Accounting doesn’t have.
  • Allows you to customize your invoice, regardless of its type, Wave Accounting lacks this feature.
  • Has an audit history which you can view to see your expenses, Wave Accounting doesn’t have this tool.

Pricing: Wave Accounting vs QuickBooks Online

Wave Accounting STARTS AT $0

The free plan comes with features that will allow you to do accounting and reports, invoices, receipt scanning, personal finance and email support. While the accounting software is totally free (meaning rather basic), you can add premium tools to your existing account.

For the payroll system, you’ll pay $19 per month and you’ll be able to get three added features. The credit card system on the other hand has a different payment plan, a fee per transaction is 2.9% + 30 cents. Lastly, the monthly subscription for the premium support is $19.

For an in depth look at the features you get with Wave Accounting, check out our comprehensive review.

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QUICKBOOKS STARTS AT $7.99 (50% OFF)

QuickBooks has 3 main service plans for small businesses: Simple Start, Essentials and the Plus.

If you’re an individual contractor, for instance a freelancer, you can also use QuickBooks Online for a very affordable price of $7.99/mo. If you’re a business owner with many employees, you can also use the accounting software together with a payroll system. Not too shabby!

For an in depth look at the features you get with QuickBooks, check out our comprehensive review.

Which Should You Choose?

And there you have it, a decent look at the Wave Accounting vs QuickBooks Online debate. What do you think? Did either one really grab your attention in terms of not only features and pricing, but data-presentation design as well?

Don’t hesitate, get on this, modernize your financials and leverage the power of savvy accounting software.

Try Wave Accounting FREE