Link copied to clipboard # TurboTax Business vs Wave Comparison - What are their main differences? Share [ Export ](/compare/turbotax-business/wave/export.csv) TurboTax BusinessWave[+ Add Product](#) Pricing **TurboTax Business** No pricing available **Wave** Free Trial **$20-$35** per month ยท Pay your staff **Pricing Insights** from reviews Time to Implement **TurboTax Business** Not enough reviews yet **Wave** 1 month Based on 87 responses Return on Investment **TurboTax Business** Not enough reviews yet **Wave** 7 months Based on 71 responses Perceived Cost **TurboTax Business** $$$$$ **Wave** $$$$$ Average Discount **TurboTax Business** Not enough reviews yet **Wave** 9% **Pros & Cons** from reviews **TurboTax Business** Not enough data **Wave** [ Ease of Use (10) ](https://www.g2.com/products/wave/reviews?filters%5Bsentiment_snippet%5D=1267291&qs=pros-and-cons#reviews)[ Invoice Management (5) ](https://www.g2.com/products/wave/reviews?filters%5Bsentiment_snippet%5D=1267272&qs=pros-and-cons#reviews)[ Missing Features (5) ](https://www.g2.com/products/wave/reviews?filters%5Bsentiment_snippet%5D=2233059&qs=pros-and-cons#reviews)[ Poor Customer Support (4) ](https://www.g2.com/products/wave/reviews?filters%5Bsentiment_snippet%5D=1267102&qs=pros-and-cons#reviews) Integrations **TurboTax Business** Not enough data **Wave** [ ![Product Avatar Image](https://images.g2crowd.com/uploads/product/image/large_detail/large_detail_033aa224b72b00b72e8860e4e6401efc/microsoft-excel.png "Product Avatar Image") Microsoft Excel ](https://www.g2.com/products/microsoft-excel/reviews)[ ![Product Avatar Image](https://images.g2crowd.com/uploads/product/image/large_detail/large_detail_db4c97d6a091779bee99b5765660281e/zapier.png "Product Avatar Image") Zapier ](https://www.g2.com/products/zapier/reviews)[ View all ](https://www.g2.com/products/wave/integrations) Screenshots **TurboTax Business** ![TurboTax Business screenshot](https://images.g2crowd.com/cdn-cgi/image/width=600,height=600,fit=scale-down,format=auto,onerror=redirect,/https://images.g2crowd.com/uploads/attachment/file/40518/TurboTax_20Business_Screenshot-1.jpg) **Wave** ![Wave screenshot](https://images.g2crowd.com/cdn-cgi/image/width=600,height=600,fit=scale-down,format=auto,onerror=redirect,/https://images.g2crowd.com/uploads/attachment/file/88316/chrome-invoice-accounting.jpg) **Ratings** from reviews Meets Requirements **TurboTax Business** 8.8 8.878 **Wave** 8.6 8.6262 Ease of Use **TurboTax Business** 8.9 8.979 **Wave** 8.9 8.9264 Ease of Setup **TurboTax Business** 9.1 9.113 **Wave** 8.8 8.8134 Ease of Admin **TurboTax Business** 9.1 9.113 **Wave** 8.8 8.8116 Quality of Support **TurboTax Business** 8.1 8.171 **Wave** 7.6 7.6173 Has the product been a good partner in doing business? **TurboTax Business** 8.8 8.813 **Wave** 8.5 8.5108 Product Direction (% positive) **TurboTax Business** 7.9 7.976 **Wave** 8.0 8.0251 **Features** ratings from reviews Accounting[Hide 150 FeaturesShow 150 Features](javascript:void(0);) Not enough data 7.2 95 AI Assistant - Accounting AI Accounting Assistant Not enough data Not enough data General Ledger Journal Entries Not enough data 8.0(won by default) 56 | Verified Tags / Dimensions Not enough data 7.9(won by default) 47 | Verified Audit Trail Not enough data 7.6(won by default) 46 | Verified Accounts Receivable Invoice Customization Not enough data 8.6(won by default) 78 AR Automation Not enough data 8.1(won by default) 55 | Verified Collections Automation Not enough data 8.0(won by default) 47 | Verified Accounts Payable AP Automation Not enough data 7.8(won by default) 36 Payment Processing Not enough data 8.0(won by default) 57 | Verified Purchase Orders Not enough data 7.4(won by default) 34 | Verified Invoice Processing Not enough data Not enough data Purchase Order Management Not enough data Not enough data ACH Payment Processing Not enough data Not enough data Electronic Payments Not enough data Not enough data Electronic Payments Not enough data Not enough data Credit Card Processing Not enough data Not enough data Other Functionality Inventory Tracking / Ordering Not enough data 6.9(won by default) 28 | Verified Inventory Pricing and Costing Not enough data 7.1(won by default) 30 | Verified Inventory Reporting Not enough data 6.8(won by default) 28 Multi-Entity / Consolidation Not enough data 6.9(won by default) 31 | Verified Recognition Rules Not enough data 7.1(won by default) 32 | Verified Reconciliations Not enough data 7.7(won by default) 46 | Verified Payroll Not enough data 6.8(won by default) 28 | Verified Time and Expense Not enough data 6.9(won by default) 29 | Verified Cost Tracking Not enough data Not enough data Time Tracking Not enough data Not enough data Status Tracking Not enough data Not enough data Budget Tracking Not enough data Not enough data Reporting & Analytics Financial Statements Not enough data 8.3(won by default) 77 | Verified Custom Reporting Not enough data 7.9(won by default) 60 | Verified Budgeting / Forecasting Not enough data 7.6(won by default) 41 | Verified Dashboards Not enough data 8.5(won by default) 72 | Verified Financial Reporting Not enough data Not enough data Activity Dashboard Not enough data Not enough data Platform Customization Not enough data 7.3(won by default) 59 | Verified Workflow Capability Not enough data 7.3(won by default) 41 | Verified User, Role, and Access Management Not enough data 7.9(won by default) 55 | Verified Internationalization Not enough data 7.3(won by default) 28 | Verified Performance and Reliability Not enough data 8.2(won by default) 66 | Verified Output Document Generation Not enough data 7.9(won by default) 53 | Verified Mobile Access Not enough data Not enough data Integration Data Import and Export Tools Not enough data 7.7(won by default) 50 | Verified Integration APIs Not enough data 7.2(won by default) 31 Breadth of Partner Applications Not enough data 6.6(won by default) 31 | Verified Collaboration Tools Not enough data Not enough data Third-Party Integrations Not enough data Not enough data Accounting Integration Not enough data Not enough data Third-Party Integrations Not enough data Not enough data Cash Flow Track Cash Flow Not enough data 8.0(won by default) 34 | Verified Income and Expenses Not enough data 8.5(won by default) 39 | Verified File Exports Not enough data 7.6(won by default) 28 | Verified Budgeting & Forecasting Budgeting / Forecasting Not enough data 7.6(won by default) 41 | Verified Data Import Not enough data 7.1(won by default) 24 | Verified Versioning Not enough data 6.6(won by default) 17 | Verified Historical Data Not enough data 7.2(won by default) 27 | Verified Revenue Revenue Types Not enough data 7.9(won by default) 28 | Verified Revenue Allocation Not enough data 7.5(won by default) 23 | Verified Scheduling Not enough data 7.2(won by default) 21 Payroll Direct Deposit Not enough data 6.7(won by default) 20 | Verified Check/W-2 Printing Not enough data 6.8(won by default) 17 Tax Calculation Not enough data 6.6(won by default) 20 | Verified Reporting and Dashboards Not enough data 7.7(won by default) 25 | Verified AI Data Extraction Not enough data 5.9(won by default) 9 Invoice Processing Not enough data 6.5(won by default) 8 Expense Management Not enough data 6.7(won by default) 10 Fraud Detection Not enough data 4.5(won by default) 7 Tax Compliance Not enough data 6.7(won by default) 8 Support Chatbots Not enough data 5.6(won by default) 8 Bank Reconciliations Not enough data 7.6(won by default) 9 Predictive Analytics Not enough data 5.7(won by default) 7 Report Generation Not enough data 6.7(won by default) 8 Customizable Alerts Not enough data 6.0(won by default) 7 Receipt Management Not enough data Not enough data Workflow Management Not enough data Not enough data Payroll Management Not enough data Not enough data Sales Tax Management Not enough data Not enough data Audit Management Not enough data Not enough data Tax Management Not enough data Not enough data Fixed Asset Management Not enough data Not enough data Reporting/Analytics Not enough data Not enough data Order Management Not enough data Not enough data Sales Order Management Not enough data Not enough data Cash Flow Management Not enough data Not enough data Cash Management Not enough data Not enough data Real-Time Data Not enough data Not enough data Vendor Management Not enough data Not enough data Credit Card Processing Not enough data Not enough data Financial Consolidation & Close Management Not enough data Not enough data Transaction Management Not enough data Not enough data Mobile Applications - Accounting Notifications Not enough data 7.8(won by default) 9 Cloud Integration Not enough data 6.9(won by default) 9 UI Not enough data 6.7(won by default) 10 Expense Tracking Not enough data 6.7(won by default) 8 Offline Not enough data 3.0(won by default) 5 Invoice Management Not enough data 8.5(won by default) 12 Compliance Management Not enough data Not enough data Inventory Tracking Not enough data Not enough data Inventory Management Not enough data Not enough data Financial Management Not enough data Not enough data Activity Tracking Not enough data Not enough data Document Management Not enough data Not enough data Compliance Tracking Not enough data Not enough data Notes Management Not enough data Not enough data Agentic AI - Accounting Autonomous Task Execution Not enough data Not enough data Additional Functionality Multi-Location Not enough data Not enough data Generative AI Not enough data Not enough data Accounts Payable Not enough data Not enough data Fund Accounting Not enough data Not enough data Quotes/Estimates Not enough data Not enough data Approval Process Control Not enough data Not enough data AI Copilot Not enough data Not enough data Chart of Accounts Not enough data Not enough data Project Accounting Not enough data Not enough data Encryption Not enough data Not enough data Accounts Receivable Not enough data Not enough data Recurring/Subscription Billing Not enough data Not enough data Billing & Invoicing Not enough data Not enough data Reminders Not enough data Not enough data Multi-Currency Not enough data Not enough data Access Controls/Permissions Not enough data Not enough data Income & Balance Sheet Not enough data Not enough data Data Security Not enough data Not enough data General Ledger Not enough data Not enough data Currency Conversion Not enough data Not enough data Customizable Templates Not enough data Not enough data Accounting Not enough data Not enough data Estimating Not enough data Not enough data Reporting & Statistics Not enough data Not enough data Financial Analysis Not enough data Not enough data Transaction History Not enough data Not enough data Expense Claims Not enough data Not enough data Document Storage Not enough data Not enough data SSL Security Not enough data Not enough data Categorization/Grouping Not enough data Not enough data Automatic Billing Not enough data Not enough data Purchasing & Receiving Not enough data Not enough data Customer Database Not enough data Not enough data For Distributors Not enough data Not enough data Bills of Material Not enough data Not enough data Financial Data Protection Not enough data Not enough data Inventory Control Not enough data Not enough data AI/Machine Learning Not enough data Not enough data Mobile App Not enough data Not enough data Client Portal Not enough data Not enough data For CPA Firms Not enough data Not enough data Remote Access/Control Not enough data Not enough data Cash Flow Analysis Not enough data Not enough data Performance Metrics Not enough data Not enough data Multi-Company Not enough data Not enough data For Small Businesses Not enough data Not enough data Billing[Hide 90 FeaturesShow 90 Features](javascript:void(0);) Not enough data 7.8 49 Bill Generation Templates Not enough data 7.9(won by default) 36 Digital Billing Not enough data 8.3(won by default) 42 Recurring Billing Not enough data 8.1(won by default) 36 Hourly Billing Not enough data Not enough data Contingency Billing Not enough data Not enough data Project Billing Not enough data Not enough data Multi-Period Recurring Billing Not enough data Not enough data Recurring/Subscription Billing Not enough data Not enough data Deferred Billing Not enough data Not enough data Bill Processing Consolidation Not enough data 7.6(won by default) 28 Batch Invoicing Not enough data 7.6(won by default) 26 Management Not enough data 8.3(won by default) 40 Compliance Management Not enough data Not enough data Purchase Order Management Not enough data Not enough data Document Management Not enough data Not enough data Email Management Not enough data Not enough data Client Management Not enough data Not enough data Dunning Management Not enough data Not enough data Master Data Management Not enough data Not enough data Refund Management Not enough data Not enough data Discount Management Not enough data Not enough data Sales Tax Management Not enough data Not enough data Subscription Management Not enough data Not enough data Recurring Invoicing Not enough data Not enough data Billing & Invoicing Not enough data Not enough data Integration Accounting Not enough data 7.9(won by default) 37 Payments Not enough data 8.0(won by default) 33 ERP Not enough data 6.8(won by default) 19 Mobile Payments Not enough data Not enough data CRM Not enough data Not enough data Agentic AI - Billing Autonomous Task Execution Not enough data Not enough data Additional Functionality File Encryption Not enough data Not enough data Reporting & Statistics Not enough data Not enough data Alerts/Notifications Not enough data Not enough data Contact Database Not enough data Not enough data Third-Party Integrations Not enough data Not enough data AI Copilot Not enough data Not enough data File Sharing Not enough data Not enough data Purchasing & Receiving Not enough data Not enough data Multi-Language Not enough data Not enough data Activity Dashboard Not enough data Not enough data Customizable Invoices Not enough data Not enough data Real-Time Reporting Not enough data Not enough data Credit Card Processing Not enough data Not enough data Quotes/Estimates Not enough data Not enough data Fraud Detection Not enough data Not enough data Real-Time Data Not enough data Not enough data Generative AI Not enough data Not enough data Dynamic Pricing Not enough data Not enough data Credit Note Not enough data Not enough data Duplicate Detection Not enough data Not enough data Invoice History Not enough data Not enough data Reminders Not enough data Not enough data Billing Portal Not enough data Not enough data Accounting Integration Not enough data Not enough data Backup and Recovery Not enough data Not enough data Customizable Branding Not enough data Not enough data Bulk Send Not enough data Not enough data Invoice Creation Not enough data Not enough data Time & Expense Tracking Not enough data Not enough data API Not enough data Not enough data Customizable Reports Not enough data Not enough data Projections Not enough data Not enough data Multi-Currency Not enough data Not enough data Event Logs Not enough data Not enough data Invoice Processing Not enough data Not enough data Automated Receipt Matching Not enough data Not enough data Tax Calculation Not enough data Not enough data Payment Processing Not enough data Not enough data Data Import/Export Not enough data Not enough data Real-Time Analytics Not enough data Not enough data Client Portal Not enough data Not enough data Email Reminders Not enough data Not enough data Mobile Access Not enough data Not enough data Bank Reconciliation Not enough data Not enough data Transaction History Not enough data Not enough data Customer Accounts Not enough data Not enough data Customizable Fields Not enough data Not enough data PCI Compliance Not enough data Not enough data Audit Trail Not enough data Not enough data Multiple Payment Options Not enough data Not enough data Self Service Portal Not enough data Not enough data ACH Payment Processing Not enough data Not enough data Third-Party Integration Not enough data Not enough data Payment Tracking Not enough data Not enough data Batch Processing Not enough data Not enough data Approval Workflow Not enough data Not enough data For Small Businesses Not enough data Not enough data Tax Compliance Not enough data Not enough data Workflow Automation Not enough data Not enough data Show 2 feature categories with incomplete data Accounting & Finance[Hide 1 FeatureShow 1 Feature](javascript:void(0);) Not enough data Not enough data Agentic AI - Accounting & Finance Autonomous Task Execution Not enough data Not enough data Corporate Tax[Hide 73 FeaturesShow 73 Features](javascript:void(0);) Not enough data Not enough data Tax Planning Strategies Not enough data Not enough data Exemptions Not enough data Not enough data Estimations Not enough data Not enough data Credits Not enough data Not enough data Tax Filing Ad hoc Reporting Not enough data Not enough data Rules & Regulations Not enough data Not enough data Calculations Not enough data Not enough data Historical Reporting Not enough data Not enough data K-1 Reporting Not enough data Not enough data Workflows Importing Not enough data Not enough data Integrations Not enough data Not enough data Accounting Integration Not enough data Not enough data Additional Functionality Tax Compliance Not enough data Not enough data Generative AI Not enough data Not enough data SSL Security Not enough data Not enough data Workflow Management Not enough data Not enough data Accounting Not enough data Not enough data Multiple User Accounts Not enough data Not enough data Audit Trail Not enough data Not enough data Tax Filing Not enough data Not enough data Client Management Not enough data Not enough data Activity Dashboard Not enough data Not enough data AI Copilot Not enough data Not enough data Electronic Filing Not enough data Not enough data Tax Planning Not enough data Not enough data Corporate/Business Not enough data Not enough data Dashboard Creation Not enough data Not enough data Multiple Data Sources Not enough data Not enough data Compliance Management Not enough data Not enough data Data Import/Export Not enough data Not enough data Sales Tax Management Not enough data Not enough data Client Portal Not enough data Not enough data Deadline Management Not enough data Not enough data Customizable Templates Not enough data Not enough data Status Tracking Not enough data Not enough data Exception Notification Not enough data Not enough data Audit Management Not enough data Not enough data Customer Accounts Not enough data Not enough data For Nonprofits Not enough data Not enough data Data Storage Management Not enough data Not enough data Document Management Not enough data Not enough data Electronic Submission Not enough data Not enough data Email Reminders Not enough data Not enough data Alerts/Notifications Not enough data Not enough data Data Visualization Not enough data Not enough data Reporting & Statistics Not enough data Not enough data Access Controls/Permissions Not enough data Not enough data Payroll & Employer Forms Not enough data Not enough data Tax Forms Not enough data Not enough data Reminders Not enough data Not enough data Activity Tracking Not enough data Not enough data Financial Analysis Not enough data Not enough data Data Verification Not enough data Not enough data Bank Reconciliation Not enough data Not enough data Mobile Access Not enough data Not enough data Payroll Management Not enough data Not enough data Multi-Currency Not enough data Not enough data Invoice Processing Not enough data Not enough data Value Added Tax (VAT) Not enough data Not enough data Taxation & Assessment Not enough data Not enough data Approval Process Control Not enough data Not enough data Electronic Payments Not enough data Not enough data Invoice Management Not enough data Not enough data Tax Management Not enough data Not enough data Task Management Not enough data Not enough data API Not enough data Not enough data Customizable Branding Not enough data Not enough data Property Tax Management Not enough data Not enough data Customizable Reports Not enough data Not enough data Time & Expense Tracking Not enough data Not enough data Real-Time Data Not enough data Not enough data Receipt Management Not enough data Not enough data Document Storage Not enough data Not enough data User Insights Reviewers' Company Size [![TurboTax Business](https://images.g2crowd.com/uploads/product/hd_favicon/410b013d0ed61b64314140cd5a5b82e7/turbotax-business.svg "TurboTax Business")](https://www.g2.com/products/turbotax-business/reviews) TurboTax Business Small-Business(50 or fewer emp.) 83.3% Mid-Market(51-1000 emp.) 5.6% Enterprise(\> 1000 emp.) 11.1% [![Wave](https://images.g2crowd.com/uploads/product/hd_favicon/1537757062/wave.svg "Wave")](https://www.g2.com/products/wave/reviews) Wave Small-Business(50 or fewer emp.) 94.6% Mid-Market(51-1000 emp.) 4.1% Enterprise(\> 1000 emp.) 1.3% Small-Business (50 or fewer emp.) 83.3% 94.6% Mid-Market (51-1000 emp.) 5.6% 4.1% Enterprise (\> 1000 emp.) 11.1% 1.3% Reviewers' Industry [![TurboTax Business](https://images.g2crowd.com/uploads/product/hd_favicon/410b013d0ed61b64314140cd5a5b82e7/turbotax-business.svg "TurboTax Business")](https://www.g2.com/products/turbotax-business/reviews) TurboTax Business Accounting 12.2% Financial Services 5.6% Information Technology and Services 4.4% Management Consulting 4.4% Health, Wellness and Fitness 3.3% Other 70.0% [![Wave](https://images.g2crowd.com/uploads/product/hd_favicon/1537757062/wave.svg "Wave")](https://www.g2.com/products/wave/reviews) Wave Marketing and Advertising 15.5% Accounting 5.8% Information Technology and Services 5.8% Design 4.8% Computer Software 3.2% Other 64.8% Alternatives **TurboTax Business Alternatives** ![Avalara](https://images.g2crowd.com/uploads/product/hd_favicon/1539724680/avalara.svg "Avalara") [ Avalara ](/products/avalara/reviews) ![H&R Block](https://images.g2crowd.com/uploads/product/image/thumb_square/thumb_square_609c83b30ff2ced313165929a88c1bde/h-r-block.jpg "H&R Block") [ H&R Block ](/products/h-r-block/reviews) ![Vertex](https://images.g2crowd.com/uploads/product/hd_favicon/433bf410bfcdb2219d4a2e8ad316d989/vertex-inc-vertex.jpg "Vertex") [ Vertex ](/products/vertex-inc-vertex/reviews) ![NetSuite](https://images.g2crowd.com/uploads/product/hd_favicon/4b02508eaf1eed7c1c991b5f0ce3fab7/oracle-netsuite.svg "NetSuite") [ NetSuite ](/products/oracle-netsuite/reviews) **Wave Alternatives** ![Xero](https://images.g2crowd.com/uploads/product/hd_favicon/808722a7f32bdeac24cfe7c4f9cd544a/xero.svg "Xero") [ Xero ](/products/xero/reviews) ![FreshBooks](https://images.g2crowd.com/uploads/product/hd_favicon/58c5a614d757ea3d7bd5a61ee1fd9c75/freshbooks.svg "FreshBooks") [ FreshBooks ](/products/freshbooks/reviews) ![Zoho Books](https://images.g2crowd.com/uploads/product/hd_favicon/345a131c8b9a57f44c83fcca37b008e0/zoho-books.svg "Zoho Books") [ Zoho Books ](/products/zoho-books/reviews) ![QuickBooks Desktop Pro](https://images.g2crowd.com/uploads/product/hd_favicon/1507301994/quickbooks-desktop-pro.png "QuickBooks Desktop Pro") [ Desktop Pro ](/products/quickbooks-desktop-pro/reviews) ## TurboTax Business vs Wave When assessing the two solutions, reviewers found them equally easy to use. However, TurboTax Business is easier to set up and administer.reviewers also preferred doing business with TurboTax Business overall. - Reviewers felt that TurboTax Business meets the needs of their business better than Wave. - When comparing quality of ongoing product support, reviewers felt that TurboTax Business is the preferred option. - For feature updates and roadmaps, our reviewers preferred the direction of Wave over TurboTax Business.