In our comparison of Wave vs. Xero, Xero 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.
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
A user-friendly cloud-based accounting program with numerous integrations with other company tools is called Xero. It is especially advantageous for small organizations that have remote workers or several offices. Xero is user-friendly and simple to teach people to use, which is why I prefer it. It also features multi-level controls and superb time-tracking capabilities. Multiple rate cards and better tool integration would enhance the projects module, though.
Role-based access control, 1099 tracking, time tracking capabilities, easy to use, cloud-based application
Reduced functionality on projects module, limited third-party integration
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.
Accounting software that is comparatively simple to use for inexperienced company directors is called Xero. Businesses that are registered for VAT may find advantages in its capabilities, which include reporting and management of VAT. However, using the search tool can be tedious due to its poor quality.
Easy to use, minimal training required, VAT returns management, efficient transaction management, insightful reports
Ineffective search feature
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
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.
A user-friendly cloud-based accounting program with numerous integrations with other company tools is called Xero. It is especially advantageous for small organizations that have remote workers or several offices. Xero is user-friendly and simple to teach people to use, which is why I prefer it. It also features multi-level controls and superb time-tracking capabilities. Multiple rate cards and better tool integration would enhance the projects module, though.
Role-based access control, 1099 tracking, time tracking capabilities, easy to use, cloud-based application
Reduced functionality on projects module, limited third-party integration
Accounting software that is comparatively simple to use for inexperienced company directors is called Xero. Businesses that are registered for VAT may find advantages in its capabilities, which include reporting and management of VAT. However, using the search tool can be tedious due to its poor quality.
Easy to use, minimal training required, VAT returns management, efficient transaction management, insightful reports
Ineffective search feature
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In our rating and review comparison of Wave vs. Xero, Xero has 3 user reviews and Wave has 11. The average star rating for Xero is 4.33 while Wave has an average rating of 3.81. Xero has more positive reviews than Wave. Comparing Wave vs. Xero reviews, Xero has stronger overall reviews.
Wave vs. Xero both offer a strong set of features and functionality including Accounting Features, Cash Flow Management, Tax Management, Supported Tax Forms, Payroll Management, Workflow Automation, Reporting & Analytics, Payment Options, Payment Partners, Portal Types, Customizable Items, Reminders/Alerts, Sync/Refresh, Identity and Access Management (IAM), Cybersecurity Features, After-Sales Service. In our feature comparison of Wave vs. Xero, Wave offers more of the most popular features and tools than Xero.
In our pricing comparison of Wave vs. Xero, Xero's pricing starts at $15/month and is more affordable compared to Xero's starting cost of $15/month.
Our comparison of Wave vs. Xero shows that Wave scores higher in usability for ease of use, learning curve, setup & support, quality of support. Xero scores higher in meets requirements, ease of admin, but Wave has the best scores overall for system usability.
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