QuickBooks Accounting vs. Wave: Which is Best?

QuickBooks Accounting vs. Wave: Which is Best?

QuickBooks Accounting vs. Wave Best Overall: QuickBooks Accounting

In our comparison of QuickBooks Accounting vs. Wave, QuickBooks Accounting is the best option with a higher overall Wheelhouse Score. Wheelhouse Score uses a combination of feature and pricing comparison data, average user ratings, and editorial reviews to score software vendors on a scale of 1-10.

Quick Info

QuickBooks Accounting Quick Info
WH Score:
8.7
Pricing Score:
8.1
Feature Score:
8.0
Usability Score:
8.0
Company Size:All Sizes
Platforms:
Wave Quick Info
WH Score:
7.7
Pricing Score:
7.0
Feature Score:
7.5
Usability Score:
7.9
Company Size:All Sizes
Platforms:

Pricing

QuickBooks Accounting Pricing
Self-Employed
Free
per month
Simple Start
Free
per month
Essentials
Free
per month
Plus
Free
per month
Advanced
Free
per month
Wave Pricing
Wave Money Management
Free
per user / per month

Features

QuickBooks Accounting Features
  • General Ledgers
  • Invoicing & Billing
  • Estimates & Quotations
  • Receivables & Collections
  • Sales & Purchase Orders
  • Reconciliations
  • Payment Processing
  • Continuous Accounting
  • Billing Model Management
  • Budget Management
  • Revenue Management
  • Tax Calculation & Filing
  • W-9
  • W-2
  • W-4
Wave Features
  • General Ledgers
  • Invoicing & Billing
  • Estimates & Quotations
  • Receivables & Collections
  • Sales & Purchase Orders
  • Reconciliations
  • Payment Processing
  • Continuous Accounting
  • Billing Model Management
  • Budget Management
  • Revenue Management
  • Tax Calculation & Filing
  • W-9
  • W-2
  • W-4

Pros & Cons

QuickBooks Accounting Pros & Cons
Pros
  • It is user friendly, updating your system after getting the upgrades is possible, and it is possible to delete and redo a wrongly done transaction.
Cons
  • Poor client service-delayed response.
Wave Pros & Cons
Pros
  • None.
Cons
  • Unfortunately, I have found that Wave has restricted usage in some countries where it is really needed
  • This can be frustrating when I am working with clients or partners in those areas.

Reviews

QuickBooks Accounting Reviews
Top Favorable Review
D
Debbie
Reviewed on Jul 2, 2021

QB is fairly okay. I would be a contented customer if they’d make their upgrades a simpler transition and invent an inventory conversion plan that is simple.

It is user friendly, updating your system after getting the upgrades is possible, and it is possible to delete and redo a wrongly done transaction.

Moving to QB for inventory from POS has no simple method, we always have a problem with our bank downloads every time there is an upgrade.

Top Critical Review
A
Anthony
Reviewed on Jul 2, 2021

It is very easy, it is very cheap, and it can be used by both a novice and advanced user thanks to its ease of use.

Poor client service-delayed response.

Wave Reviews
Top Favorable Review
L
Leon
Reviewed on Jul 2, 2021

Routines for Wave's bank transactions are utterly failing. Wave lost the settings for connecting to bank accounts in February 2020, and automatic transaction imports ceased. As of January 2021, Wave is unable to resolve this problem and is forcing its clients to perform painful manual transaction uploads.

None

Transaction import function does not works

Top Critical Review
P
Paul
Reviewed on Jul 2, 2021

Wave is solving a major problem for me by making accounting and invoicing much easier and more streamlined. With this tool, I am able to prepare estimates and invoices quickly and accurately, which saves me a lot of time and effort.

I really appreciate how easy it is to do accounting and invoicing with Wave. With just a few accounting entries, I can prepare my accounts quickly and efficiently.

Unfortunately, I have found that Wave has restricted usage in some countries where it is really needed. This can be frustrating when I am working with clients or partners in those areas.

Alternatives

QuickBooks Accounting Alternatives
Wave Alternatives
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QuickBooks Accounting vs. Wave: Detailed Comparison

QuickBooks Accounting vs. Wave Top Ratings & Reviews: QuickBooks Accounting

In our rating and review comparison of QuickBooks Accounting vs. Wave, QuickBooks Accounting has 203 user reviews and Wave has 11. The average star rating for QuickBooks Accounting is 4.53 while Wave has an average rating of 3.81. QuickBooks Accounting has more positive reviews than Wave. Comparing QuickBooks Accounting vs. Wave reviews, QuickBooks Accounting has stronger overall reviews.

QuickBooks Accounting vs. Wave Best Features & Functionality: QuickBooks Accounting

QuickBooks Accounting vs. Wave both offer a strong set of features and functionality including Accounting Features, Cash Flow Management, Tax Management, Supported Tax Forms, Payroll Features, Expense Management, Payment Options, Payment Partners, Inventory Management, Portal Types, Document Management, Signature Management, Customizable Items, Appointments/Scheduling, Reminders/Alerts, Workflow Automation, Reporting & Analytics, Systems/Administrative, Third-Party Integrations, Disaster Recovery, After-Sales Service. In our feature comparison of QuickBooks Accounting vs. Wave, QuickBooks Accounting offers more of the most popular features and tools than Wave.

QuickBooks Accounting vs. Wave Best Pricing: Wave

In our pricing comparison of QuickBooks Accounting vs. Wave, Wave's pricing starts at Free/month and is more affordable compared to Wave's starting cost of Free/month.

QuickBooks Accounting vs. Wave Best Usability: QuickBooks Accounting

Our comparison of QuickBooks Accounting vs. Wave shows that QuickBooks Accounting scores higher in usability for meets requirements, ease of admin. Wave scores higher in ease of use, learning curve, setup & support, quality of support, but QuickBooks Accounting has the best scores overall for system usability.

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