Welcome to Startup Savant’s comparative Xero vs Wave Accounting article where we breeze through their commonalities, differences, service packages and pricing to help you determine which, or if either, account software solution is right for your platform. Enjoy!
Xero has 3 accounting plans: Starter, Standard and Premium. Aside from their feature-wall, what you can skipp to is looking at the extras you get included in the Standard and Premium. If those don’t apply then for a mere $6 and change you can get up and running in no time at all.
All three plans have a free trial, which is an advantage for those who are in the process of choosing accounting software which is a nice bonus. Also, keep in mind that the prices shown above are based on the US market, plan pricing will vary depending on your location.
For an in depth look at the features you get with Xero, check out our comprehensive review.
This is where things get easy. It’s completely free and that’s no gimmick. Where costs come in is when you need more services, or better services and choose to upgrade into their more premium features.
Integrating a payroll system is important if you have employees and Wave Accounting offers this for $19 every month. Want to add a credit card system into your account? The fee per transaction is 2.9% + 30 cents. Like the payroll system, the premium support is priced at $19 per month.
For an in depth look at the features you get with Wave Accounting, check out our comprehensive review.
Based on the information and screenshots above, which one feels better suited to your current needs? While Xero is far more extensive and comprehensive, Wave Accounting is simpler, more streamlined and easier to jump right into.
What’s most important though is that you get the best tools to help you grow and manage financials, so be sure to do your homework and research until you’re satisfied.Try Xero & Save 30% Off for 6 Months