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At a Glance
Market Segments
Small-Business (95.3% of reviews)
Small-Business (64.0% of reviews)
Entry-Level Pricing
$20-$35 per month
$13.00 Per Month
Wave
Star Rating
(307)4.3 out of 5
Market Segments
Small-Business (95.3% of reviews)
Pros & Cons
Entry-Level Pricing
$20-$35 per month
Browse all 3 pricing plansXero
Star Rating
(1,376)4.4 out of 5
Market Segments
Small-Business (64.0% of reviews)
Pros & Cons
Entry-Level Pricing
$13.00 Per Month
Free Trial is available
Browse all 3 pricing plansSummary
AI Generated Summary
AI-generated. Powered by real user reviews.
- Users report that Xero excels in "Bank / Credit Card Integration" with a score of 8.7, allowing for seamless syncing of transactions, while Wave's integration is slightly lower at 8.4, which may lead to occasional manual entry for some users.
- Reviewers mention that Xero's "Digital Invoices" feature scores 8.5, providing a user-friendly experience for creating and sending invoices, whereas Wave's score of 8.3 indicates a solid but less intuitive invoicing process.
- G2 users highlight Xero's "Expense Reports" capabilities, particularly in "Digital Receipt Management" with a score of 8.2, which simplifies tracking expenses. In contrast, Wave's features in this area are rated lower, suggesting a less efficient process for managing receipts.
- Users on G2 appreciate Xero's "Invoice Customization" scoring 8.5, which allows for tailored invoices that reflect their brand, while Wave's score of 8.7 indicates strong customization options, but some users feel it lacks advanced features found in Xero.
- Reviewers mention that Xero's "Accounts Payable" automation features, particularly "AP Automation" with a score of 8.1, streamline payment processes effectively, while Wave's score of 7.8 suggests room for improvement in automating accounts payable tasks.
- Users say that Xero's "Performance and Reliability" is rated at 8.7, indicating a robust platform with minimal downtime, while Wave's score of 8.4, although still good, suggests that users may experience occasional performance issues.
Pricing
Entry-Level Pricing
Wave
Pay your staff
$20-$35
per month
$20/month base fee in Canada + 44 states
$35/month base fee in California, Florida, New York, Texas, Illinois & Washington
$4 additional per employee added
- Includes direct deposit.
- Employee portal to check pay stubs and history.
- Perfect for salaried and hourly workers, full-time or part-time.
Xero
Starter / Early
$13.00
Per Month
Good for sole traders, new businesses, and the self-employed.
- Send quotes and 20 invoices
- Enter 5 bills
- Reconcile bank transactions
Free Trial
Wave
Free Trial is available
Xero
Free Trial is available
Ratings
Meets Requirements
8.6
249
8.8
1,115
Ease of Use
8.9
251
9.0
1,170
Ease of Setup
8.8
121
8.8
863
Ease of Admin
8.7
112
8.7
354
Quality of Support
7.6
165
8.4
1,044
Has the product been a good partner in doing business?
8.5
104
8.6
350
Product Direction (% positive)
8.0
240
8.8
1,104
Features by Category
Expense Reports
Not enough data
8.7
253
Not enough data
8.9
249
Not enough data
8.5
239
Not enough data
8.5
241
Not enough data
8.4
230
Not enough data
8.3
225
Not enough data
8.8
235
Agentic AI - Expense Management
Not enough data
8.9
126
Not enough data
9.0
127
Travel Management
Not enough data
7.9
213
Not enough data
7.4
206
Not enough data
7.3
204
Not enough data
7.7
208
Client Invoicing
Not enough data
9.0
240
Not enough data
8.8
228
Not enough data
8.6
229
Mobile
Not enough data
8.4
229
Not enough data
7.8
206
Not enough data
7.5
201
Platform
Not enough data
8.2
191
Not enough data
8.2
194
Administration
Not enough data
8.5
187
Administration
Not enough data
8.4
228
Not enough data
8.4
228
Not enough data
8.3
225
Not enough data
8.2
214
Not enough data
8.6
233
Platform
Not enough data
8.8
245
Not enough data
8.5
217
Not enough data
8.3
208
Not enough data
9.0
233
Not enough data
8.4
217
Not enough data
6.1
188
General Ledger
7.9
54
|
Verified
8.7
765
|
Verified
7.8
45
|
Verified
8.4
726
|
Verified
7.5
44
|
Verified
8.6
737
|
Verified
Accounts Receivable
8.5
72
8.7
785
|
Verified
8.1
53
|
Verified
8.5
689
8.0
47
|
Verified
8.3
706
|
Verified
Accounts Payable
7.8
36
8.6
685
8.1
51
|
Verified
8.8
740
|
Verified
7.2
32
|
Verified
8.6
711
|
Verified
Other Functionality
6.8
27
|
Verified
8.1
644
7.0
29
|
Verified
8.1
645
6.8
28
8.3
633
|
Verified
6.9
31
|
Verified
8.1
665
|
Verified
7.1
32
|
Verified
8.5
697
|
Verified
7.6
44
|
Verified
9.0
757
|
Verified
6.7
27
|
Verified
8.4
678
|
Verified
6.7
26
|
Verified
8.5
681
Reporting & Analytics
8.3
72
|
Verified
8.9
779
|
Verified
7.9
59
|
Verified
8.7
756
|
Verified
7.5
40
|
Verified
8.5
670
|
Verified
8.5
70
|
Verified
8.8
769
|
Verified
Platform
7.3
58
|
Verified
8.4
716
|
Verified
7.3
40
|
Verified
8.4
692
7.8
54
|
Verified
8.7
744
|
Verified
7.3
28
|
Verified
8.4
650
|
Verified
8.2
64
|
Verified
8.9
752
|
Verified
7.9
53
|
Verified
8.7
704
|
Verified
Integration
7.8
49
|
Verified
8.7
725
|
Verified
7.2
31
8.7
648
6.6
31
|
Verified
8.6
680
|
Verified
Cash Flow
7.9
32
|
Verified
8.8
614
|
Verified
8.3
35
|
Verified
9.1
635
|
Verified
7.6
28
|
Verified
8.8
603
|
Verified
Budgeting & Forecasting
7.5
40
|
Verified
8.5
670
|
Verified
7.0
23
|
Verified
8.8
607
|
Verified
6.6
17
|
Verified
8.5
572
|
Verified
7.2
27
|
Verified
8.6
600
|
Verified
Revenue
7.9
28
|
Verified
8.8
624
|
Verified
7.5
23
|
Verified
8.7
612
|
Verified
7.2
21
8.5
580
|
Verified
Payroll
6.7
20
|
Verified
8.4
559
|
Verified
6.8
17
8.2
545
|
Verified
6.6
20
|
Verified
8.6
586
|
Verified
7.7
25
|
Verified
8.9
600
|
Verified
AI
5.5
7
8.4
432
6.5
8
8.9
433
6.7
9
8.8
433
4.5
7
8.6
431
6.7
8
8.6
429
5.6
8
8.3
426
7.6
9
9.0
433
6.7
8
8.9
432
6.0
7
8.8
425
5.7
7
8.6
426
Mobile Applications - Accounting
6.5
8
8.8
418
7.5
8
8.9
413
6.7
7
8.9
417
3.0
5
7.7
389
6.2
7
9.0
414
7.7
8
9.0
415
Agentic AI - Accounting
Not enough data
8.7
387
General Ledger
7.9
54
|
Verified
8.7
765
|
Verified
7.8
45
|
Verified
8.4
726
|
Verified
7.5
44
|
Verified
8.6
737
|
Verified
Accounts Receivable
8.5
72
8.7
785
|
Verified
8.1
53
|
Verified
8.5
689
8.0
47
|
Verified
8.3
706
|
Verified
Accounts Payable
7.8
36
8.6
685
8.1
51
|
Verified
8.8
740
|
Verified
7.2
32
|
Verified
8.6
711
|
Verified
Invoice Generation
Not enough data
8.6
245
Not enough data
9.0
245
Not enough data
9.0
240
Invoice Processing
Not enough data
8.7
237
Not enough data
8.7
237
Not enough data
8.4
235
Not enough data
9.0
244
Analytics
Not enough data
8.9
237
Not enough data
8.6
238
Not enough data
8.3
225
Not enough data
8.7
240
Integration
Not enough data
9.0
247
Not enough data
8.8
240
Not enough data
8.2
230
Not enough data
8.6
241
Agentic AI - Invoice Management
Not enough data
8.5
146
Not enough data
8.5
147
Not enough data
8.5
147
Multichannel inventory management
Not enough data
8.7
101
Not enough data
8.8
101
Not enough data
8.6
101
3PL inventory management
Not enough data
8.9
101
Not enough data
8.8
101
Not enough data
8.7
100
Inventory Management
Not enough data
9.0
102
Not enough data
8.9
101
Not enough data
8.8
99
Not enough data
8.8
100
Not enough data
9.2
100
Inventory Management Platform Features
Not enough data
9.1
106
Not enough data
9.1
107
Not enough data
8.9
106
Not enough data
8.8
103
Not enough data
8.8
103
Not enough data
9.1
107
Not enough data
8.9
105
Not enough data
9.2
104
Not enough data
9.3
106
Not enough data
9.3
106
Bill Generation
7.9
36
8.5
225
8.3
40
8.8
230
8.0
35
8.8
231
Bill Processing
7.6
28
8.3
222
7.6
26
8.5
222
8.2
38
8.7
225
Integration
7.9
37
8.9
235
8.0
33
8.7
228
6.8
19
8.1
217
Agentic AI - Billing
Not enough data
8.6
136
Agentic AI - Accounting & Finance
Not enough data
Not enough data
Categories
Categories
Shared Categories
Wave and Xero are categorized as Billing and Accounting
Unique Categories
Wave has no unique categories
Xero is categorized as Invoice Management, Inventory Control, Expense Management, and Nonprofit Accounting
Reviews
Reviewers' Company Size
Wave
Small-Business(50 or fewer emp.)
Mid-Market(51-1000 emp.)
Enterprise(> 1000 emp.)
Xero
Small-Business(50 or fewer emp.)
Mid-Market(51-1000 emp.)
Enterprise(> 1000 emp.)
Small-Business
(50 or fewer emp.)
Mid-Market
(51-1000 emp.)
Enterprise
(> 1000 emp.)
Reviewers' Industry
Marketing and Advertising
16.1%
Information Technology and Services
6.0%
Accounting
5.4%
Design
4.7%
Computer Software
3.4%
Other
64.4%
Accounting
18.6%
Information Technology and Services
7.8%
Computer Software
6.3%
Marketing and Advertising
5.6%
Apparel & Fashion
5.1%
Other
56.6%
Alternatives
Discussions
Is wave a good accounting software?
2 Comments
MM
Yeah. It has most of the features required by a small business. You can request the team if you need anything in particular Read more
What is Wave Software?
2 Comments
MM
Wave software is an easy to use Payroll and Accounting software. You can create invoices, send billings, track expenses, and all normal transactions...Read more
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