# Wave, Xero vs QuickBooks Online Comparison

| | Wave | Xero | QuickBooks Online | 
|---|---|---|---|
| **Star Rating** | 4.3 out of 5 | 4.4 out of 5 | 4.0 out of 5 | 
| **Total Reviews** | 323 | 1,594 | 3,825 | 
| **Largest Market Segment** | Small-Business (94.6% of reviews) | Small-Business (71.4% of reviews) | Small-Business (82.2% of reviews) | 
| **Entry Level Price** | $20-$35 per month | $13.00 Per Month | $38.00 Per Month | 

---
## Top Pros & Cons

### Wave

Pros:
- Ease of Use (11 reviews)
- Invoice Management (6 reviews)

Cons:
- Missing Features (5 reviews)
- Poor Customer Support (5 reviews)

### Xero

Pros:
- Ease of Use (840 reviews)
- Invoice Management (363 reviews)

Cons:
- Missing Features (314 reviews)
- Limited Options (172 reviews)

### QuickBooks Online

Pros:
- Ease of Use (222 reviews)
- Integrations (65 reviews)

Cons:
- Missing Features (75 reviews)
- Expensive (66 reviews)

---
## Ratings Comparison
| Rating | Wave | Xero | QuickBooks Online | 
|---|---|---|---|
  | **Meets Requirements** | 8.6 (259 reviews) | 8.7 (1244 reviews) | 8.3 (3162 reviews) | 
  | **Ease of Use** | 8.9 (261 reviews) | 8.9 (1284 reviews) | 8.2 (3214 reviews) | 
  | **Ease of Setup** | 8.8 (131 reviews) | 8.7 (968 reviews) | 8.0 (1736 reviews) | 
  | **Ease of Admin** | 8.8 (114 reviews) | 8.7 (409 reviews) | 8.1 (1437 reviews) | 
  | **Quality of Support** | 7.7 (171 reviews) | 8.3 (1149 reviews) | 7.5 (2856 reviews) | 
  | **Has the product been a good partner in doing business?** | 8.5 (106 reviews) | 8.6 (403 reviews) | 7.8 (1403 reviews) | 
  | **Product Direction (% positive)** | 8.0 (250 reviews) | 8.7 (1213 reviews) | 7.5 (3082 reviews) | 

---
## Pricing

### Wave

#### Entry-Level Pricing

Plan:  Pay your staff 

Price: $20-$35 per month

Description: $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

Key Features:
- Includes direct deposit.
- Employee portal to check pay stubs and history.
- Perfect for salaried and hourly workers, full-time or part-time.

[Browse all 3 editions](https://www.g2.com/products/wave/pricing)

#### Free Trial

Yes

### Xero

#### Entry-Level Pricing

Plan: Starter / Early

Price: $13.00 Per Month

Description: Good for sole traders, new businesses, and the self-employed.

Key Features:
- Send quotes and 20 invoices
- Enter 5 bills
- Reconcile bank transactions

[Browse all 3 editions](https://www.g2.com/products/xero/pricing)

#### Free Trial

Yes

### QuickBooks Online

#### Entry-Level Pricing

Plan: Simple Start

Price: $38.00 Per Month

Key Features:
- Customize and send invoices
- Track income and expenses
- Create and manage estimates

[Browse all 4 editions](https://www.g2.com/products/quickbooks-online/pricing)

#### Free Trial

Yes

---
## Features Comparison By Category

### Expense Management

| Product | Score | Reviews |
|---|---|---|
| **Wave** | N/A | N/A |
| **Xero** | 8.1/10 | 355 |
| **QuickBooks Online** | N/A | N/A |

#### Expense Reports

| Feature | Wave | Xero | QuickBooks Online | 
|---|---|---|---|
| **Ease of Creating Expense Reports** | Not enough data | 8.6 (219 reviews) | Not enough data | 
| **Bank / Credit Card Integration** | Not enough data | 8.8 (224 reviews) | Not enough data | 
| **Smart Categorization** | Not enough data | 8.4 (202 reviews) | Not enough data | 
| **Digital Receipt Management** | Not enough data | 8.5 (204 reviews) | Not enough data | 
| **Employee Reimbursement** | Not enough data | 8.3 (184 reviews) | Not enough data | 
| **Currency Conversions** | Not enough data | 8.1 (184 reviews) | Not enough data | 
| **Credit Card Integration** | Not enough data | 8.6 (198 reviews) | Not enough data | 

#### Agentic AI - Expense Management

| Feature | Wave | Xero | QuickBooks Online | 
|---|---|---|---|
| **Autonomous Task Execution** | Not enough data | 8.9 (77 reviews) | Not enough data | 
| **Cross-system Integration** | Not enough data | 9.0 (78 reviews) | Not enough data | 

#### Travel Management

| Feature | Wave | Xero | QuickBooks Online | 
|---|---|---|---|
| **Ease of Booking** | Not enough data | 7.4 (162 reviews) | Not enough data | 
| **Itinerary Management** | Not enough data | 6.9 (154 reviews) | Not enough data | 
| **Trip Notifications** | Not enough data | 6.6 (152 reviews) | Not enough data | 
| **Advanced Integrations** | Not enough data | 7.3 (158 reviews) | Not enough data | 

#### Client Invoicing

| Feature | Wave | Xero | QuickBooks Online | 
|---|---|---|---|
| **Invoice Creation and Delivery** | Not enough data | 9.0 (207 reviews) | Not enough data | 
| **Electronic Payments** | Not enough data | 8.6 (185 reviews) | Not enough data | 
| **Project Accounting / Revenue Recognition** | Not enough data | 8.4 (185 reviews) | Not enough data | 

#### Generative AI - Expense Management

| Feature | Wave | Xero | QuickBooks Online | 
|---|---|---|---|
| **Image-to-Text** | Not enough data | Not enough data | Not enough data | 
| **Text Generation** | Not enough data | Not enough data | Not enough data | 
| **Text Summarization** | Not enough data | Not enough data | Not enough data | 

#### Mobile

| Feature | Wave | Xero | QuickBooks Online | 
|---|---|---|---|
| **Receipt Capture** | Not enough data | 8.2 (184 reviews) | Not enough data | 
| **Mileage Tracking** | Not enough data | 7.3 (157 reviews) | Not enough data | 
| **Travel Itinerary and Flight Status Updates** | Not enough data | 6.9 (150 reviews) | Not enough data | 

#### Platform

| Feature | Wave | Xero | QuickBooks Online | 
|---|---|---|---|
| **Embedded AI / Machine Learning** | Not enough data | 7.9 (143 reviews) | Not enough data | 
| **Complex Approval Workflow** | Not enough data | 7.9 (144 reviews) | Not enough data | 

#### Administration

| Feature | Wave | Xero | QuickBooks Online | 
|---|---|---|---|
| **PCI Regulation Compliant** | Not enough data | 8.2 (137 reviews) | Not enough data | 

#### Administration

| Feature | Wave | Xero | QuickBooks Online | 
|---|---|---|---|
| **Business Tool Integration** | Not enough data | 8.3 (185 reviews) | Not enough data | 
| **Workflow** | Not enough data | 8.3 (180 reviews) | Not enough data | 
| **Automated Reminders** | Not enough data | 8.1 (177 reviews) | Not enough data | 
| **Policy Compliance Management** | Not enough data | 8.0 (166 reviews) | Not enough data | 
| **User, Role, and Access Management** | Not enough data | 8.5 (193 reviews) | Not enough data | 

#### Platform

| Feature | Wave | Xero | QuickBooks Online | 
|---|---|---|---|
| **Reporting** | Not enough data | 8.8 (217 reviews) | Not enough data | 
| **APIs / Integration** | Not enough data | 8.3 (172 reviews) | Not enough data | 
| **Internationalization** | Not enough data | 8.1 (161 reviews) | Not enough data | 
| **Performance and Reliability** | Not enough data | 9.0 (193 reviews) | Not enough data | 
| **Mobile User Support** | Not enough data | 8.1 (176 reviews) | Not enough data | 
| **Offline** | Not enough data | 5.9 (147 reviews) | Not enough data | 

### Accounting

| Product | Score | Reviews |
|---|---|---|
| **Wave** | 7.2/10 | 92 |
| **Xero** | 8.3/10 | 1226 |
| **QuickBooks Online** | 7.7/10 | 2232 |

#### General Ledger

| Feature | Wave | Xero | QuickBooks Online | 
|---|---|---|---|
| **Journal Entries** | 8.0 (56 reviews) ✓ Verified | 8.5 (631 reviews) ✓ Verified | 8.1 (963 reviews) | 
| **Tags / Dimensions** | 7.9 (47 reviews) ✓ Verified | 8.1 (575 reviews) ✓ Verified | 7.9 (1378 reviews) ✓ Verified | 
| **Audit Trail** | 7.6 (47 reviews) ✓ Verified | 8.4 (592 reviews) ✓ Verified | 8.1 (1487 reviews) ✓ Verified | 

#### Accounts Receivable

| Feature | Wave | Xero | QuickBooks Online | 
|---|---|---|---|
| **Invoice Customization** | 8.6 (76 reviews) | 8.6 (661 reviews) ✓ Verified | 8.1 (1638 reviews) ✓ Verified | 
| **AR Automation** | 8.1 (56 reviews) ✓ Verified | 8.3 (558 reviews) | 7.9 (1344 reviews) ✓ Verified | 
| **Collections Automation** | 8.0 (48 reviews) ✓ Verified | 8.0 (557 reviews) ✓ Verified | 7.7 (1164 reviews) ✓ Verified | 

#### Accounts Payable

| Feature | Wave | Xero | QuickBooks Online | 
|---|---|---|---|
| **AP Automation** | 7.8 (36 reviews) | 8.4 (538 reviews) | 7.6 (766 reviews) | 
| **Payment Processing** | 8.1 (56 reviews) ✓ Verified | 8.6 (621 reviews) ✓ Verified | 8.3 (1505 reviews) ✓ Verified | 
| **Purchase Orders** | 7.4 (34 reviews) ✓ Verified | 8.4 (561 reviews) ✓ Verified | 8.0 (1156 reviews) ✓ Verified | 

#### Other Functionality

| Feature | Wave | Xero | QuickBooks Online | 
|---|---|---|---|
| **Inventory Tracking / Ordering** | 6.8 (29 reviews) ✓ Verified | 7.7 (498 reviews) | 7.6 (939 reviews) ✓ Verified | 
| **Inventory Pricing and Costing** | 7.1 (30 reviews) ✓ Verified | 7.7 (489 reviews) | 7.6 (957 reviews) ✓ Verified | 
| **Inventory Reporting** | 6.8 (28 reviews) | 7.8 (475 reviews) ✓ Verified | 7.6 (931 reviews) ✓ Verified | 
| **Multi-Entity / Consolidation** | 6.9 (31 reviews) ✓ Verified | 7.6 (514 reviews) ✓ Verified | 7.6 (1144 reviews) ✓ Verified | 
| **Recognition Rules** | 7.1 (32 reviews) ✓ Verified | 8.3 (542 reviews) ✓ Verified | 7.8 (1311 reviews) ✓ Verified | 
| **Reconciliations** | 7.8 (47 reviews) ✓ Verified | 8.9 (722 reviews) ✓ Verified | 8.4 (1690 reviews) ✓ Verified | 
| **Payroll** | 6.7 (28 reviews) ✓ Verified | 8.0 (553 reviews) ✓ Verified | 8.2 (1199 reviews) ✓ Verified | 
| **Time and Expense** | 6.8 (28 reviews) ✓ Verified | 8.2 (535 reviews) | 8.1 (1222 reviews) ✓ Verified | 

#### Reporting & Analytics

| Feature | Wave | Xero | QuickBooks Online | 
|---|---|---|---|
| **Financial Statements** | 8.3 (78 reviews) ✓ Verified | 8.9 (715 reviews) ✓ Verified | 8.6 (1878 reviews) ✓ Verified | 
| **Custom Reporting** | 7.8 (60 reviews) ✓ Verified | 8.4 (648 reviews) ✓ Verified | 8.1 (1811 reviews) ✓ Verified | 
| **Budgeting / Forecasting** | 7.7 (42 reviews) ✓ Verified | 8.2 (527 reviews) ✓ Verified | 7.9 (1413 reviews) ✓ Verified | 
| **Dashboards** | 8.5 (73 reviews) ✓ Verified | 8.7 (659 reviews) ✓ Verified | 8.2 (1771 reviews) ✓ Verified | 

#### Platform

| Feature | Wave | Xero | QuickBooks Online | 
|---|---|---|---|
| **Customization** | 7.3 (59 reviews) ✓ Verified | 8.1 (587 reviews) ✓ Verified | 7.5 (1560 reviews) ✓ Verified | 
| **Workflow Capability** | 7.3 (41 reviews) ✓ Verified | 8.1 (542 reviews) | 7.7 (1394 reviews) ✓ Verified | 
| **User, Role, and Access Management** | 7.8 (54 reviews) ✓ Verified | 8.5 (606 reviews) ✓ Verified | 8.3 (1660 reviews) ✓ Verified | 
| **Internationalization** | 7.2 (29 reviews) ✓ Verified | 8.1 (502 reviews) ✓ Verified | 7.9 (1051 reviews) ✓ Verified | 
| **Performance and Reliability** | 8.2 (66 reviews) ✓ Verified | 8.8 (676 reviews) ✓ Verified | 8.3 (1804 reviews) ✓ Verified | 
| **Output Document Generation** | 7.9 (53 reviews) ✓ Verified | 8.5 (548 reviews) ✓ Verified | 8.1 (1551 reviews) ✓ Verified | 

#### Integration

| Feature | Wave | Xero | QuickBooks Online | 
|---|---|---|---|
| **Data Import and Export Tools** | 7.7 (50 reviews) ✓ Verified | 8.5 (590 reviews) ✓ Verified | 7.9 (1600 reviews) ✓ Verified | 
| **Integration APIs** | 7.2 (31 reviews) | 8.5 (538 reviews) | 7.6 (720 reviews) | 
| **Breadth of Partner Applications** | 6.6 (31 reviews) ✓ Verified | 8.4 (579 reviews) ✓ Verified | 8.0 (1234 reviews) | 

#### Cash Flow

| Feature | Wave | Xero | QuickBooks Online | 
|---|---|---|---|
| **Track Cash Flow** | 8.0 (33 reviews) ✓ Verified | 8.6 (496 reviews) ✓ Verified | 8.3 (649 reviews) ✓ Verified | 
| **Income and Expenses** | 8.4 (37 reviews) ✓ Verified | 9.0 (486 reviews) ✓ Verified | 8.7 (733 reviews) ✓ Verified | 
| **File Exports** | 7.6 (28 reviews) ✓ Verified | 8.6 (446 reviews) ✓ Verified | 8.4 (667 reviews) ✓ Verified | 

#### Budgeting & Forecasting

| Feature | Wave | Xero | QuickBooks Online | 
|---|---|---|---|
| **Budgeting / Forecasting** | 7.7 (42 reviews) ✓ Verified | 8.2 (527 reviews) ✓ Verified | 7.9 (1413 reviews) ✓ Verified | 
| **Data Import** | 7.2 (25 reviews) ✓ Verified | 8.5 (450 reviews) ✓ Verified | 8.0 (601 reviews) ✓ Verified | 
| **Versioning** | 6.6 (17 reviews) ✓ Verified | 8.2 (412 reviews) ✓ Verified | 7.7 (511 reviews) ✓ Verified | 
| **Historical Data** | 7.2 (27 reviews) ✓ Verified | 8.4 (443 reviews) ✓ Verified | 8.1 (624 reviews) ✓ Verified | 

#### Revenue

| Feature | Wave | Xero | QuickBooks Online | 
|---|---|---|---|
| **Revenue Types** | 7.9 (28 reviews) ✓ Verified | 8.6 (467 reviews) ✓ Verified | 8.3 (624 reviews) ✓ Verified | 
| **Revenue Allocation** | 7.5 (23 reviews) ✓ Verified | 8.5 (451 reviews) ✓ Verified | 8.3 (589 reviews) ✓ Verified | 
| **Scheduling** | 7.2 (21 reviews) | 8.1 (419 reviews) ✓ Verified | 7.9 (522 reviews) | 

#### Payroll

| Feature | Wave | Xero | QuickBooks Online | 
|---|---|---|---|
| **Direct Deposit** | 6.7 (20 reviews) ✓ Verified | 8.0 (403 reviews) ✓ Verified | 8.3 (544 reviews) ✓ Verified | 
| **Check/W-2 Printing** | 6.8 (17 reviews) | 7.8 (390 reviews) ✓ Verified | 8.0 (535 reviews) ✓ Verified | 
| **Tax Calculation** | 6.6 (20 reviews) ✓ Verified | 8.3 (436 reviews) ✓ Verified | 8.1 (569 reviews) ✓ Verified | 
| **Reporting and Dashboards** | 7.7 (25 reviews) ✓ Verified | 8.6 (447 reviews) ✓ Verified | 8.2 (611 reviews) ✓ Verified | 

#### AI

| Feature | Wave | Xero | QuickBooks Online | 
|---|---|---|---|
| **Data Extraction** | 5.9 (9 reviews) | 8.0 (278 reviews) | 6.8 (187 reviews) | 
| **Invoice Processing** | 6.9 (9 reviews) | 8.4 (273 reviews) | 7.1 (181 reviews) | 
| **Expense Management** | 6.7 (10 reviews) | 8.3 (276 reviews) | 6.9 (190 reviews) | 
| **Fraud Detection** | 4.5 (7 reviews) | 8.1 (273 reviews) | 6.6 (179 reviews) | 
| **Tax Compliance** | 6.7 (8 reviews) | 8.2 (273 reviews) | 6.9 (180 reviews) | 
| **Support Chatbots** | 5.6 (8 reviews) | 7.8 (273 reviews) | 6.3 (179 reviews) | 
| **Bank Reconciliations** | 7.6 (9 reviews) | 8.7 (291 reviews) | 7.5 (191 reviews) | 
| **Report Generation** | 6.7 (8 reviews) | 8.5 (278 reviews) | 7.2 (185 reviews) | 
| **Customizable Alerts** | 6.0 (7 reviews) | 8.3 (268 reviews) | 6.9 (177 reviews) | 
| **Predictive Analytics** | 5.7 (7 reviews) | 8.2 (271 reviews) | 6.8 (180 reviews) | 

#### Mobile Applications - Accounting

| Feature | Wave | Xero | QuickBooks Online | 
|---|---|---|---|
| **Cloud Integration** | 6.9 (9 reviews) | 8.6 (281 reviews) | 7.7 (158 reviews) | 
| **Notifications** | 7.8 (9 reviews) | 8.4 (258 reviews) | 7.1 (122 reviews) | 
| **UI** | 6.9 (9 reviews) | 8.5 (295 reviews) | 7.0 (146 reviews) | 
| **Offline** | 4.2 (6 reviews) | 7.1 (243 reviews) | 6.0 (124 reviews) | 
| **Expense Tracking** | 6.7 (8 reviews) | 8.6 (262 reviews) | 7.4 (132 reviews) | 
| **Invoice Management** | 8.3 (11 reviews) | 8.7 (272 reviews) | 7.6 (136 reviews) | 

#### Agentic AI - Accounting

| Feature | Wave | Xero | QuickBooks Online | 
|---|---|---|---|
| **Autonomous Task Execution** | Not enough data | 8.2 (230 reviews) | 5.7 (86 reviews) | 

### Nonprofit Accounting

| Product | Score | Reviews |
|---|---|---|
| **Wave** | N/A | N/A |
| **Xero** | 8.7/10 | 1042 |
| **QuickBooks Online** | 8.3/10 | 2052 |

#### General Ledger

| Feature | Wave | Xero | QuickBooks Online | 
|---|---|---|---|
| **Journal Entries** | 8.0 (56 reviews) ✓ Verified | 8.5 (631 reviews) ✓ Verified | 8.1 (963 reviews) | 
| **Tags / Dimensions** | 7.9 (47 reviews) ✓ Verified | 8.1 (575 reviews) ✓ Verified | 7.9 (1378 reviews) ✓ Verified | 
| **Audit Trail** | 7.6 (47 reviews) ✓ Verified | 8.4 (592 reviews) ✓ Verified | 8.1 (1487 reviews) ✓ Verified | 

#### Accounts Receivable

| Feature | Wave | Xero | QuickBooks Online | 
|---|---|---|---|
| **Invoice Customization** | 8.6 (76 reviews) | 8.6 (661 reviews) ✓ Verified | 8.1 (1638 reviews) ✓ Verified | 
| **AR Automation** | 8.1 (56 reviews) ✓ Verified | 8.3 (558 reviews) | 7.9 (1344 reviews) ✓ Verified | 
| **Collections Automation** | 8.0 (48 reviews) ✓ Verified | 8.0 (557 reviews) ✓ Verified | 7.7 (1164 reviews) ✓ Verified | 

#### Accounts Payable

| Feature | Wave | Xero | QuickBooks Online | 
|---|---|---|---|
| **AP Automation** | 7.8 (36 reviews) | 8.4 (538 reviews) | 7.6 (766 reviews) | 
| **Payment Processing** | 8.1 (56 reviews) ✓ Verified | 8.6 (621 reviews) ✓ Verified | 8.3 (1505 reviews) ✓ Verified | 
| **Purchase Orders** | 7.4 (34 reviews) ✓ Verified | 8.4 (561 reviews) ✓ Verified | 8.0 (1156 reviews) ✓ Verified | 

### Invoice Management

| Product | Score | Reviews |
|---|---|---|
| **Wave** | N/A | N/A |
| **Xero** | 8.6/10 | 324 |
| **QuickBooks Online** | N/A | N/A |

#### Invoice Generation

| Feature | Wave | Xero | QuickBooks Online | 
|---|---|---|---|
| **Templates** | Not enough data | 8.3 (207 reviews) | Not enough data | 
| **Digital Invoices** | Not enough data | 9.0 (208 reviews) | Not enough data | 
| **Recurring Invoices** | Not enough data | 9.0 (202 reviews) | Not enough data | 

#### Invoice Processing

| Feature | Wave | Xero | QuickBooks Online | 
|---|---|---|---|
| **Approvals** | Not enough data | 8.6 (199 reviews) | Not enough data | 
| **Batch Processing** | Not enough data | 8.5 (198 reviews) | Not enough data | 
| **Consolidation** | Not enough data | 8.3 (194 reviews) | Not enough data | 
| **Match Invoices** | Not enough data | 8.9 (205 reviews) | Not enough data | 

#### Analytics

| Feature | Wave | Xero | QuickBooks Online | 
|---|---|---|---|
| **Due Dates** | Not enough data | 9.0 (204 reviews) | Not enough data | 
| **Cashflow** | Not enough data | 8.6 (203 reviews) | Not enough data | 
| **KPIs** | Not enough data | 8.1 (186 reviews) | Not enough data | 
| **Payment Tracking** | Not enough data | 8.7 (201 reviews) | Not enough data | 

#### Integration

| Feature | Wave | Xero | QuickBooks Online | 
|---|---|---|---|
| **Accounting** | Not enough data | 9.0 (210 reviews) | Not enough data | 
| **Payments** | Not enough data | 8.7 (206 reviews) | Not enough data | 
| **ERP** | Not enough data | 8.0 (187 reviews) | Not enough data | 
| **Account Sync** | Not enough data | 8.5 (205 reviews) | Not enough data | 

#### Agentic AI - Invoice Management

| Feature | Wave | Xero | QuickBooks Online | 
|---|---|---|---|
| **Cross-system Integration** | Not enough data | 8.3 (108 reviews) | Not enough data | 
| **Adaptive Learning** | Not enough data | 8.3 (109 reviews) | Not enough data | 
| **Proactive Assistance** | Not enough data | 8.1 (110 reviews) | Not enough data | 

### Inventory Control

| Product | Score | Reviews |
|---|---|---|
| **Wave** | N/A | N/A |
| **Xero** | 9.0/10 | 137 |
| **QuickBooks Online** | 8.5/10 | 143 |

#### Multichannel inventory management

| Feature | Wave | Xero | QuickBooks Online | 
|---|---|---|---|
| **Warehouse Inventory Transfer** | Not enough data | 8.7 (74 reviews) | 8.4 (85 reviews) | 
| **Multichannel Inventory Syncing** | Not enough data | 8.8 (74 reviews) | 8.4 (86 reviews) | 
| **Multi-Warehouse Routing** | Not enough data | 8.6 (74 reviews) | 8.4 (82 reviews) | 

#### 3PL inventory management

| Feature | Wave | Xero | QuickBooks Online | 
|---|---|---|---|
| **Client management** | Not enough data | 9.0 (75 reviews) | 8.7 (98 reviews) | 
| **Marketplace connections** | Not enough data | 8.8 (74 reviews) | 8.6 (88 reviews) | 
| **3PL inventory tracking** | Not enough data | 8.8 (73 reviews) | 8.4 (90 reviews) | 

#### Inventory Management

| Feature | Wave | Xero | QuickBooks Online | 
|---|---|---|---|
| **Inventory Tracking** | Not enough data | 9.1 (76 reviews) | 8.8 (96 reviews) | 
| **Inventory Costing** | Not enough data | 8.9 (75 reviews) | 8.8 (95 reviews) | 
| **Product Master** | Not enough data | 8.9 (73 reviews) | 8.6 (91 reviews) | 
| **Inventory Forecasting** | Not enough data | 8.9 (73 reviews) | 8.6 (91 reviews) | 
| **Integrations** | Not enough data | 9.2 (74 reviews) | 8.6 (98 reviews) | 

#### Inventory Management Platform Features

| Feature | Wave | Xero | QuickBooks Online | 
|---|---|---|---|
| **Centralized Inventory Database** | Not enough data | 9.1 (77 reviews) | 8.7 (119 reviews) | 
| **Inventory Level Dashboards** | Not enough data | 9.1 (78 reviews) | 8.7 (114 reviews) | 
| **Stock History Reporting** | Not enough data | 8.9 (79 reviews) | 8.5 (117 reviews) | 
| **Low Stock Notifications** | Not enough data | 8.6 (75 reviews) | 8.3 (108 reviews) | 
| **Bundles, Kits, & Variants** | Not enough data | 8.8 (75 reviews) | 8.1 (111 reviews) | 
| **Asset Tracking** | Not enough data | 9.1 (78 reviews) | 8.7 (104 reviews) | 
| **Inventory Forecasting** | Not enough data | 8.9 (76 reviews) | 8.2 (111 reviews) | 
| **eCommerce Integrations** | Not enough data | 9.2 (73 reviews) | 8.5 (113 reviews) | 
| **Accounting Integrations** | Not enough data | 9.3 (77 reviews) | 8.8 (115 reviews) | 
| **Data Exporting / Importing** | Not enough data | 9.4 (77 reviews) | 8.6 (119 reviews) | 

### Order Management

| Product | Score | Reviews |
|---|---|---|
| **Wave** | N/A | N/A |
| **Xero** | N/A | N/A |
| **QuickBooks Online** | 7.9/10 | 126 |

#### Order Entry

| Feature | Wave | Xero | QuickBooks Online | 
|---|---|---|---|
| **Entry** | Not enough data | Not enough data | 8.6 (113 reviews) | 
| **Register** | Not enough data | Not enough data | 8.8 (107 reviews) | 
| **Notifications** | Not enough data | Not enough data | 8.5 (111 reviews) | 

#### Order Tracking

| Feature | Wave | Xero | QuickBooks Online | 
|---|---|---|---|
| **Shipping** | Not enough data | Not enough data | 8.0 (96 reviews) | 
| **Tracking** | Not enough data | Not enough data | 7.9 (98 reviews) | 
| **Backorder** | Not enough data | Not enough data | 7.9 (93 reviews) | 

#### Inventory Management

| Feature | Wave | Xero | QuickBooks Online | 
|---|---|---|---|
| **Stock Levels** | Not enough data | Not enough data | 8.1 (95 reviews) | 
| **Flow Of Goods** | Not enough data | Not enough data | 8.0 (93 reviews) | 
| **Reserving Goods** | Not enough data | Not enough data | 7.9 (89 reviews) | 

#### Customer Management

| Feature | Wave | Xero | QuickBooks Online | 
|---|---|---|---|
| **Order Status** | Not enough data | Not enough data | 8.2 (98 reviews) | 
| **Information Access** | Not enough data | Not enough data | 8.4 (107 reviews) | 
| **Email Notifications** | Not enough data | Not enough data | 8.4 (109 reviews) | 

#### Subscription Management

| Feature | Wave | Xero | QuickBooks Online | 
|---|---|---|---|
| **Payment Data** | Not enough data | Not enough data | 8.6 (110 reviews) | 
| **Payment Gateway** | Not enough data | Not enough data | 8.3 (106 reviews) | 
| **Billing** | Not enough data | Not enough data | 8.5 (114 reviews) | 
| **Automatic Payments** | Not enough data | Not enough data | 8.3 (101 reviews) | 

#### Agentic AI - Order Management

| Feature | Wave | Xero | QuickBooks Online | 
|---|---|---|---|
| **Adaptive Learning** | Not enough data | Not enough data | 4.5 (11 reviews) | 
| **Natural Language Interaction** | Not enough data | Not enough data | 5.0 (11 reviews) | 

### Billing

| Product | Score | Reviews |
|---|---|---|
| **Wave** | 7.8/10 | 50 |
| **Xero** | 8.4/10 | 291 |
| **QuickBooks Online** | N/A | N/A |

#### Bill Generation

| Feature | Wave | Xero | QuickBooks Online | 
|---|---|---|---|
| **Templates** | 7.9 (36 reviews) | 8.3 (197 reviews) | Not enough data | 
| **Digital Billing** | 8.3 (42 reviews) | 8.7 (198 reviews) | Not enough data | 
| **Recurring Billing** | 8.1 (36 reviews) | 8.7 (201 reviews) | Not enough data | 

#### Bill Processing

| Feature | Wave | Xero | QuickBooks Online | 
|---|---|---|---|
| **Consolidation** | 7.6 (28 reviews) | 8.1 (192 reviews) | Not enough data | 
| **Batch Invoicing** | 7.7 (27 reviews) | 8.4 (193 reviews) | Not enough data | 
| **Management** | 8.3 (40 reviews) | 8.6 (195 reviews) | Not enough data | 

#### Integration

| Feature | Wave | Xero | QuickBooks Online | 
|---|---|---|---|
| **Accounting** | 7.9 (37 reviews) | 8.8 (205 reviews) | Not enough data | 
| **Payments** | 8.0 (33 reviews) | 8.6 (200 reviews) | Not enough data | 
| **ERP** | 6.8 (19 reviews) | 7.9 (183 reviews) | Not enough data | 

#### Agentic AI - Billing

| Feature | Wave | Xero | QuickBooks Online | 
|---|---|---|---|
| **Autonomous Task Execution** | Not enough data | 8.3 (105 reviews) | Not enough data | 

### Accounting & Finance

| Product | Score | Reviews |
|---|---|---|
| **Wave** | N/A | N/A |
| **Xero** | N/A | N/A |
| **QuickBooks Online** | N/A | N/A |

#### Agentic AI - Accounting & Finance

| Feature | Wave | Xero | QuickBooks Online | 
|---|---|---|---|
| **Autonomous Task Execution** | Not enough data | Not enough data | Not enough data | 

### Vendor Management

| Product | Score | Reviews |
|---|---|---|
| **Wave** | N/A | N/A |
| **Xero** | N/A | N/A |
| **QuickBooks Online** | 7.6/10 | 193 |

#### Agentic AI - Vendor Management

| Feature | Wave | Xero | QuickBooks Online | 
|---|---|---|---|
| **Decision Making** | Not enough data | Not enough data | 5.6 (13 reviews) | 

#### Revenue Recognition

| Feature | Wave | Xero | QuickBooks Online | 
|---|---|---|---|
| **Usage Tracking** | Not enough data | Not enough data | 8.4 (147 reviews) | 
| **Deferred Revenue** | Not enough data | Not enough data | 8.2 (154 reviews) | 
| **Revenue Accrual** | Not enough data | Not enough data | 8.3 (163 reviews) | 

---
## Categories
**Shared Categories (1):** [Accounting Software](https://www.g2.com/categories/accounting)

**Unique to Wave (1):** [Billing Software](https://www.g2.com/categories/billing)

**Unique to Xero (5):** [Invoice Management Software](https://www.g2.com/categories/invoice-management), [Inventory Control Software](https://www.g2.com/categories/inventory-control-software), [Expense Management Software](https://www.g2.com/categories/expense-management), [Billing Software](https://www.g2.com/categories/billing), [Nonprofit Accounting Software](https://www.g2.com/categories/nonprofit-accounting-software)

**Unique to QuickBooks Online (4):** [Nonprofit Accounting Software](https://www.g2.com/categories/nonprofit-accounting-software), [Vendor Management Software](https://www.g2.com/categories/vendor-management), [Inventory Control Software](https://www.g2.com/categories/inventory-control-software), [Order Management Software](https://www.g2.com/categories/order-management)


---
## Reviewer Demographics

### By Company Size

| Segment | Wave | Xero | QuickBooks Online | 
|---|---|---|---|
| **Small-Business** | 94.6% | 71.4% | 82.2% | 
| **Mid-Market** | 4.2% | 23.8% | 14.7% | 
| **Enterprise** | 1.3% | 4.8% | 3.1% | 

### By Industry

#### Wave

- **Marketing and Advertising:** 15.6%
- **Accounting:** 5.9%
- **Information Technology and Services:** 5.9%
- **Design:** 4.9%
- **Computer Software:** 3.3%
- **Management Consulting:** 2.9%
- **Internet:** 2.9%
- **Health, Wellness and Fitness:** 2.6%
- **Graphic Design:** 2.6%
- **Consulting:** 2.3%
- **Other:** 51.1%

#### Xero

- **Accounting:** 21.6%
- **Information Technology and Services:** 8.8%
- **Computer Software:** 6.6%
- **Marketing and Advertising:** 5.1%
- **Consulting:** 3.6%
- **Construction:** 3.5%
- **Financial Services:** 3.1%
- **Retail:** 3.1%
- **Health, Wellness and Fitness:** 2.1%
- **Real Estate:** 1.9%
- **Other:** 40.6%

#### QuickBooks Online

- **Accounting:** 18.1%
- **Construction:** 5.5%
- **Marketing and Advertising:** 5.2%
- **Non-Profit Organization Management:** 4.4%
- **Information Technology and Services:** 4.2%
- **Computer Software:** 3.7%
- **Financial Services:** 3.1%
- **Retail:** 3.0%
- **Hospital & Health Care:** 2.6%
- **Real Estate:** 2.4%
- **Other:** 47.9%

---
## Alternatives

### Alternatives to Wave

- [FreshBooks](https://www.g2.com/products/freshbooks/reviews) — 4.5/5 stars (974 reviews)
- [Zoho Books](https://www.g2.com/products/zoho-books/reviews) — 4.4/5 stars (327 reviews)
- [QuickBooks Desktop Pro](https://www.g2.com/products/quickbooks-desktop-pro/reviews) — 4.3/5 stars (1765 reviews)
- [NetSuite](https://www.g2.com/products/netsuite/reviews) — 4.1/5 stars (4775 reviews)
- [GoDaddy Bookkeeping](https://www.g2.com/products/godaddy-bookkeeping/reviews) — 4.1/5 stars (38 reviews)
- [Zoho Invoice](https://www.g2.com/products/zoho-invoice/reviews) — 4.7/5 stars (358 reviews)
- [Square Point of Sale](https://www.g2.com/products/square-point-of-sale/reviews) — 4.6/5 stars (1207 reviews)
- [HoneyBook](https://www.g2.com/products/honeybook/reviews) — 4.4/5 stars (212 reviews)
- [Sage Intacct](https://www.g2.com/products/sage-intacct/reviews) — 4.3/5 stars (4208 reviews)
- [Stripe Billing](https://www.g2.com/products/stripe-billing/reviews) — 4.4/5 stars (141 reviews)

### Alternatives to Xero

- [NetSuite](https://www.g2.com/products/netsuite/reviews) — 4.1/5 stars (4775 reviews)
- [FreshBooks](https://www.g2.com/products/freshbooks/reviews) — 4.5/5 stars (974 reviews)
- [Sage Intacct](https://www.g2.com/products/sage-intacct/reviews) — 4.3/5 stars (4208 reviews)
- [QuickBooks Desktop Pro](https://www.g2.com/products/quickbooks-desktop-pro/reviews) — 4.3/5 stars (1765 reviews)
- [Certinia Financial Management Cloud](https://www.g2.com/products/certinia-financial-management-cloud/reviews) — 4.0/5 stars (437 reviews)
- [Zoho Books](https://www.g2.com/products/zoho-books/reviews) — 4.4/5 stars (327 reviews)
- [Acumatica](https://www.g2.com/products/acumatica/reviews) — 4.4/5 stars (2007 reviews)
- [QuickBooks Desktop Enterprise](https://www.g2.com/products/quickbooks-desktop-enterprise/reviews) — 4.3/5 stars (1056 reviews)
- [SAP ECC](https://www.g2.com/products/sap-ecc/reviews) — 4.2/5 stars (941 reviews)
- [TallyPrime](https://www.g2.com/products/tallyprime/reviews) — 4.5/5 stars (295 reviews)

### Alternatives to QuickBooks Online

- [NetSuite](https://www.g2.com/products/netsuite/reviews) — 4.1/5 stars (4775 reviews)
- [Sage Intacct](https://www.g2.com/products/sage-intacct/reviews) — 4.3/5 stars (4208 reviews)
- [CustomBooks™](https://www.g2.com/products/custombooks/reviews) — 4.4/5 stars (75 reviews)
- [Webgility](https://www.g2.com/products/webgility/reviews) — 4.6/5 stars (377 reviews)
- [Acumatica](https://www.g2.com/products/acumatica/reviews) — 4.4/5 stars (2007 reviews)
- [FreshBooks](https://www.g2.com/products/freshbooks/reviews) — 4.5/5 stars (974 reviews)
- [Oracle PeopleSoft](https://www.g2.com/products/oracle-peoplesoft/reviews) — 3.8/5 stars (692 reviews)
- [Odoo ERP](https://www.g2.com/products/odoo-odoo-erp/reviews) — 4.2/5 stars (349 reviews)
- [Certinia Financial Management Cloud](https://www.g2.com/products/certinia-financial-management-cloud/reviews) — 4.0/5 stars (437 reviews)
- [Zoho Books](https://www.g2.com/products/zoho-books/reviews) — 4.4/5 stars (327 reviews)

---
## Top Discussions

### Wave

- Title: [Is Wave Accounting really free?](https://www.g2.com/discussions/is-wave-accounting-really-free) — 2 comments
  > **Top comment:** "yes"
- Title: [Is wave a good accounting software?](https://www.g2.com/discussions/is-wave-a-good-accounting-software) — 2 comments
  > **Top comment:** "Yeah. It has most of the features required by a small business. You can request the team if you need anything in particular "
- Title: [What is Wave Software?](https://www.g2.com/discussions/what-is-wave-software) — 2 comments
  > **Top comment:** "Wave software is an easy to use Payroll and Accounting software. You can create invoices, send billings, track expenses, and all normal transactions..."
- Title: [How does Wave Software make money?](https://www.g2.com/discussions/how-does-wave-software-make-money) — 1 comment
  > **Top comment:** "On payments they take a percent just like all payments services. They give the accounting platform away for free because they know at least some people will..."

### Xero

- Title: [What is Xero used for?](https://www.g2.com/discussions/what-is-xero-used-for) — 3 comments
  > **Top comment:** "Accounting, bookkeeping, tax return, payroll, expenses management etc. For small or medium business"
- Title: [Is XERO a good accounting software?](https://www.g2.com/discussions/is-xero-a-good-accounting-software) — 3 comments
  > **Top comment:** "Yep - especially with the upgrade to forecast cash flow"
- Title: [What is Xero software used for?](https://www.g2.com/discussions/what-is-xero-software-used-for) — 3 comments
  > **Top comment:** "Accounting and invoicing needs"
- Title: [Is Xero easy to use?](https://www.g2.com/discussions/is-xero-easy-to-use) — 2 comments, 1 upvote
  > **Top comment:** "Yes, it is easy to use."
- Title: [What are the new features in Xero?](https://www.g2.com/discussions/what-are-the-new-features-in-xero) — 2 comments, 1 upvote
  > **Top comment:** "Do you need reviews on this G2 website too? I have reviewed the website here before. And approved review 100% madniawais189@gmail.com"

### QuickBooks Online

- Title: [What phone app works if you are using Quick books V15.0.5R6](https://www.g2.com/discussions/what-phone-app-works-if-you-are-using-quick-books-v15-0-5r6) — 7 comments, 1 upvote
  > **Top comment:** "You are correct, you can only use the Invoicing app if you have the online version of Quickbooks. Hope this helps!"
- Title: [Can you put quickbooks on a mac?](https://www.g2.com/discussions/14104-can-you-put-quickbooks-on-a-mac) — 4 comments, 1 upvote
  > **Top comment:** "Yes you can use quickbooks on a Mac"
- Title: [What can you do with QuickBooks online?](https://www.g2.com/discussions/what-can-you-do-with-quickbooks-online) — 3 comments
  > **Top comment:** "It would be great to see QBO have the ability to send monthly statements via email, not the generic intuit email, but a selectable email that is by the..."
- Title: [How is QuickBooks Online being used to enhance operational efficiency and user experience in its specific field?](https://www.g2.com/discussions/how-is-quickbooks-online-being-used-to-enhance-operational-efficiency-and-user-experience-in-its-specific-field) — 2 comments
  > **Top comment:** "It allows for a rapid automated close linked directly to each of our bank accounts and credit cards, including BILL/Divvy."
- Title: [What is QuickBooks Online used for?](https://www.g2.com/discussions/what-is-quickbooks-online-used-for) — 2 comments
  > **Top comment:** "Payroll and Bookkeeping"

---
**Source:** [G2.com](https://www.g2.com) | [Comparison Page](https://www.g2.com/compare/wave-vs-xero-vs-quickbooks-online)