TaxJar vs Wave

Overview

Wave

Stacks67

Followers65

Votes2

TaxJar

Stacks8

Followers20

Votes0

TaxJar vs Wave: What are the differences?

1. Integration with E-commerce Platforms: TaxJar offers seamless integration with various e-commerce platforms like Shopify, WooCommerce, and Magento, making it easier for businesses to automatically calculate sales tax. Wave does not provide the same level of integration with e-commerce platforms, requiring manual input of sales data for tax calculations.

2. Reporting Capabilities: TaxJar provides detailed reports on sales tax collected, making it easier for businesses to track their tax liabilities. In contrast, Wave offers basic sales tax reporting features, lacking the robust options provided by TaxJar.

3. Sales Tax Filing Services: TaxJar offers automated sales tax filing services, saving businesses time and effort in submitting required tax forms. Wave, on the other hand, does not offer this service, leaving businesses responsible for filing sales tax on their own.

4. Support for Multiple Tax Jurisdictions: TaxJar has robust support for calculating sales tax in multiple tax jurisdictions, helping businesses comply with complex tax laws in different locations. Wave's tax calculation capabilities are limited in comparison, making it challenging for businesses operating in various regions.

5. Scalability: TaxJar is scalable and can accommodate the needs of both small businesses and larger enterprises, providing flexibility as businesses grow. Wave is better suited for small businesses and may lack the advanced features required by larger companies.

6. Pricing Structure: TaxJar's pricing is primarily based on transaction volume, offering a more transparent and predictable cost structure for businesses. Wave, on the other hand, may include additional fees for certain features, potentially leading to higher costs for users with specific needs.

In Summary, TaxJar offers advanced features like e-commerce integration, robust reporting, automated tax filing, support for multiple tax jurisdictions, scalability, and transparent pricing compared to Wave, making it an ideal choice for businesses looking for comprehensive sales tax solutions.

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Advice on Wave, TaxJar

Dale

Independent Contractor at Self Employed

Jan 4, 2020

Decidedon

Freshbooks

Zapier

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.

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Detailed Comparison

Wave	TaxJar
It is a free, online software alternative to Quickbooks. Wave helps manage invoices, credit card payments, accounting & payroll. Best for small businesses & freelancers.	SmartCalcs by TaxJar enables applications and marketplaces to provide accurate sales tax calculations at checkout.
Billing and Invoicing; Real double entry accounting; Investment tracking; Financial reporting (Ledger, A/R, A/P, Income, Balance Sheet); Accept all major credit cards; Credit Card payment processing in America and Canada; Bank integrations to eliminate manual entry; Multi-currency.	Accurate Sales Tax Calculations; Sales Tax Sourcing Rules; Shipping Taxability by State; Product-Level Taxability; Multi-State Nexus; International Support; Automated Reporting; REST API Endpoints; Open Source API Clients; No Contracts or Set-Up Fees
Statistics
Stacks 67	Stacks 8
Followers 65	Followers 20
Votes 2	Votes 0
Pros & Cons
Pros 2 1 free instance without CC forever?	No community feedback yet
Integrations
PayPal Marketo Geckoboard Stripe Harvest	Shopify Magento WooCommerce

What are some alternatives to Wave, TaxJar?

Xero

Inventory, invoicing, time tracking, expenses, and hundreds of other apps all seamlessly integrate with Xero to save your business precious time and money.

Odoo

It is a business management software including CRM, e-commerce, billing, accounting, manufacturing, warehouse, project management, and inventory management.

SaasAnt Inc.

PayTraQer simplifies e-commerce bookkeeping and payment reconciliation. Automate accounting with QuickBooks, Xero, and top payment platforms with ease.

QuickBooks

It is an accounting software package. You can access and manage your books from your computer, laptop, tablet, or smartphone anytime you choose. Create access privileges so that your colleague or accountant can login and work.

FreeAgent

Accounting software for small businesses. It is made specifically for freelancers, small business owners and their accountants.

Sage

It brings together everything you need under one platform to manage your accounting, financials, operations, people & payroll.

Gekko

Gekko is a an online financial administration tool for freelancers, small studios and startups.

Freshbooks

It is simple and intuitive. It makes running your small business easy, fast and secure. Easily send invoices, track time, manage expenses, and get paid online.

Receipt Bank

Effortless bookkeeping automation software that saves accountants, bookkeepers and small businesses time and money. It extracts the key information from your clients' bills, receipts and invoices, removing the need for manual data entry.

Fathom

Fathom is an easy to use management reporting and financial analysis tool, which helps you to assess business performance, monitor trends and identify improvement opportunities.

Related Comparisons

TaxJar vs Wave: What are the differences?

TaxJar vs Wave

Overview