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Xero vs Wave: What are the differences?
What is Xero? Beautiful accounting software - online, simple, smart & magical. Inventory, invoicing, time tracking, expenses, and hundreds of other apps all seamlessly integrate with Xero to save your business precious time and money.
What is Wave? The better way to make, move and manage your money. It is a free, online software alternative to Quickbooks. Wave helps manage invoices, credit card payments, accounting & payroll. Best for small businesses & freelancers.
Xero and Wave can be categorized as "Accounting" tools.
Some of the features offered by Xero are:
- Online accounting
- Automatic bank reconciliation
- Dashboard
On the other hand, Wave provides the following key features:
- Billing and Invoicing
- Real double entry accounting
- Investment tracking
I started out as an Independent Contractor just about a month ago and wanted to start on the right foot. I did a bit of searching on Hacker News when I needed an Invoicing Solution. Freshbooks caught my eye initially but I decided to check StackShare for a more cost-effective solution. The Zapier integrations are pretty neat, the templates are cool and I'm looking forward to what else it has in store.
Pros of Wave
- 1 free instance without CC forever?2
Pros of Xero
- Easy Invoicing2
- Smart Reports with automatic bank reconciliation2