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Wave Accounting VS Xero Accounting Software

Let’s have a side-by-side comparison of Wave Accounting vs Xero Accounting Software to find out which one is better. This software comparison between Wave Accounting and Xero Accounting Software is based on genuine user reviews. Compare software prices, features, support, ease of use, and user reviews to make the best choice between these, and decide whether Wave Accounting or Xero Accounting Software fits your business.

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  • Platforms
  • Recommended
  • img 11 Ratings & 10 Reviews
  • icon_ubuntu icon_desktop icon_mac icon_linux
  • img 18 Ratings & 14 Reviews
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Pricing

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Price Plans

$ 16.00

PRO Plan

View Details img

$ 29.00

Starter

$ 46.00

Standard

$ 62.00

Premium

View Details img

  • Free Trial
  • Lifetime Plan
  • img Free Trial
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Ratings

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Overall ratings

4.2

11 Ratings & 10 Reviews

88% Likelihood to Recommend

3.9

18 Ratings & 14 Reviews

75% Likelihood to Recommend

Pros & Cons

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Pros

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Wave has fulfilled our needs for an affordable solution for our two subsidiaries...Read more - nandini lal Jul 04, 2024

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Setting up Wave was straightforward and initially easy to understand. - Babita Jul 04, 2024

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Simple interface and ease to use - Adnan Feb 10, 2025

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Xero’s real-time financial data updates are invaluable. The software is intuit...Read more - jagdishbhai padiya Aug 20, 2024

Cons

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It only allows to view reports and can’t download reports or combine them. Pla...Read more - nandini lal Jul 04, 2024

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The payroll options are very limited, and there’s no solution for unpaid vacat...Read more - Babita Jul 04, 2024

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Nothing that was a showstopper - Adnan Feb 10, 2025

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Xero’s customer support can be slow during peak times, and some of the more ad...Read more - jagdishbhai padiya Aug 20, 2024

Reviews

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Verified customer reviews

Nice ????

DYIMS_ Nov 15, 2024

Allows to create and send invoices easily

nandini lal Jul 04, 2024

Simple and cross country accounting made simpler

Adnan Feb 10, 2025

Why I Love Using Xero for My Business Accounting

jagdishbhai padiya Aug 20, 2024

Best Use for

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Business Size:

  • img Individual
  • img 2-50 Employees
  • img 51-250 Employees
  • img 250-500 Employees
  • img 500-1000 Employees
  • img More than 1000+ Employees
  • img Individual
  • img 2-50 Employees
  • img 51-250 Employees
  • img 250-500 Employees
  • img 500-1000 Employees
  • img More than 1000+ Employees

Business Type:

  • img Small Business
  • img Startups
  • img Medium Business
  • img Enterprise
  • img SMBs
  • img SMEs
  • img MSMBs
  • img MSMEs
  • img Freelancers
  • img Individual
  • img Small Business
  • img Startups
  • img Medium Business
  • img Enterprise
  • img SMBs
  • img SMEs
  • img MSMBs
  • img MSMEs
  • img Freelancers
  • img Individual

Industries:

  • imgAll Industries
  • imgAll Industries

We provide the best software solution for your business needs

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Features

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Product features

  • checked Dashboards
  • checked Accounting
  • checked Purchase
  • checked Tax Management
  • checked Payroll Management
  • checked Online Banking
  • checked Multi Currency
  • checked Expense Management
  • checked Cash Flow Management
  • checked Billing & Invoicing
  • checked Sales
  • checked Analytics & Reporting
  • checked Vendor & Supplier Management
  • checked Receipt Management
  • checked Alerts & Notifications
  • checked Quotation & Estimates
  • checked Transaction Management
  • checked Claims Management
  • checked Variant Analysis
  • checked Financial Planning & Analysis
  • checked Ledger Scrutiny
  • checked GST Input Reconciliations
  • checked Tds Report Generations
  • checked Return Filings
  • checked Gst Report Preparations
  • checked Trial Balance Preparation
  • checked Credit / Debit Note
  • checked Cost Centres
  • checked Store Management
  • checked Stock Management
  • checked Supply Chain Management
  • checked Payment Tracking
  • checked Retail Management
  • checked Production Management
  • checked Customer Management
  • checked Sales Management
  • checked Third-Party Integrations
  • checked Import / Export Management
  • checked Financial Accounting and Reporting
  • checked User Access Management
  • checked Admin Controls
  • checked Net Worth Management
  • checked Net Profit Management
  • checked Ratio Analysis
  • checked Automatic Payment Reminders
  • checked Bookkeeping Capabilities
  • checked Multi Currency Support
  • checked Profit & Loss
  • checked Profit Centers
  • checked Bank Reconciliation
  • checked General Ledger
  • checked Accounts Receivable
  • checked Accounts Payable
  • checked Time & Expenses Management
  • checked Revenue Management
  • checked Budgeting & Forecasting
  • checked Payment Processing
  • checked Bank Settlement
  • checked CRM Capabilities
  • checked Gross Profit
  • checked Fixed Asset Register (FAR) Management
  • checked Inventory Reconciliation
  • checked Fund Planning
  • checked Cash Flow Management
  • checked Invoice Processing
  • checked Project Accounting
  • checked Document Management
  • checked Inventory Management
  • checked Tax Management
  • checked Payroll Management
  • checked Financial Statement Generation & Analysis
  • checked Cash and Bank Management
  • checked Asset Management

Specifications

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Deployment

  • img Web based
  • img On Premises
  • img Web based
  • img On Premises

Device Supported

  • img Desktop
  • img Mobile
  • img iPad
  • img Tablet
  • img Desktop
  • img Mobile
  • img iPad
  • img Tablet

Supported Platforms

  • img Windows
  • img Mac OS
  • img Android
  • img iOS
  • img Linux
  • img Ubuntu
  • img Windows
  • img Mac OS
  • img Android
  • img iOS
  • img Linux
  • img Ubuntu

Languages support

  • imgEnglish
  • imgEnglish

Compliance Regulations:

  • img COPPA
  • img HIPAA
  • img CCPA
  • img CPRA
  • img ECPA
  • img COPPA
  • img HIPAA
  • img CCPA
  • img CPRA
  • img ECPA

Alternatives

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Top Alternative Products

QuickBooks

QuickBooks


Digits

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Bookkeep

Bookkeep


Zoho Books

Zoho Books


See all Wave Accounting alternatives img
QuickBooks

QuickBooks


Zoho Books

Zoho Books


Bookkeep

Bookkeep


Digits

Digits


See all Xero Accounting Software alternatives img

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Similar Comparison

Wave Accounting vs Xero Accounting Software Comparison FAQs

Software questions,
answered

While Wave Accounting offers customized features, Xero Accounting Software has diverse modules. Select between Wave Accounting or Xero Accounting Software as per your business needs.

Both these products offer similar features but with a different approach. While Wave Accounting emphasizes on user experiences, Xero Accounting Software focuses on functionalities.

It all depends on the functionalities that you prefer. While Wave Accounting offers add-ons along with essential features, Xero Accounting Software emphasizes on customization.

No, the difference between Wave Accounting and Xero Accounting Software lies in terms of features and functionalities. While Wave Accounting can be customized as per the user’s needs, Xero Accounting Software addresses the diverse audience.

It depends upon your business requirement. Both Wave Accounting and Xero Accounting Software provides standard features to cater diverse industry needs.

The difference lies in terms of the user interface and functionalities. While Wave Accounting is customizable, Wave Accounting offers comprehensive modules.

A Quick Comparison Between Wave Accounting vs Xero Accounting Software

Choosing any software for your organisation is a crucial decision. As a decision maker, you must ensure that the software you choose addresses the pain points of your teams and reaps maximum benefit for you.

  • Comparison of Wave Accounting vs Xero Accounting Software In terms of Features
  • Comparison Between Wave Accounting and Xero Accounting Software In terms of Deployment Type
  • Wave Accounting or Xero Accounting Software: Which Is Ideal for Your Industry
  • Which Is Better? - Wave Accounting or Xero Accounting Software

Comparison of Wave Accounting vs Xero Accounting Software In terms of Features

Wave Accounting includes features like Dashboards, Accounting, Purchase and Tax Management. Xero Accounting Software is known for functionalities like Vendor & Supplier Management, Receipt Management, Alerts & Notifications and Quotation & Estimates. When you compare Wave Accounting vs Xero Accounting Software, look for scalability, customization, ease of use, customer support and other key factors. The one which suits your business needs is the best.

Comparison Between Wave Accounting and Xero Accounting Software In terms of Deployment Type

While Wave Accounting supports Web Based deployment; Xero Accounting Software is suitable for Web Based deployment. While selecting between Wave Accounting and Xero Accounting Software, figure out which one of the two is compatible with your devices. This will help in reducing the hassle after implementation.

Wave Accounting or Xero Accounting Software: Which Is Ideal for Your Industry

Wave Accounting is ideal for industries like All Industries. For All Industries, Xero Accounting Software is a better choice. If you are confused between Wave Accounting or Xero Accounting Software, you can also check if the software has customizable modules for your industry. Industry-specific functionalities will ensure higher efficiency and ROI. However, do check for the hidden price, is any.

Which Is Better? - Wave Accounting or Xero Accounting Software

Wave Accounting and Xero Accounting Software can be used for different purposes and are well-suited for teams with specific needs. If you are looking for a platform that is easy to use, has low barriers to entry, and offers a lot of customization, flexibility, and integration options, then you must compare their specifications in detail at the time of demo. Compare Wave Accounting and Xero Accounting Software during demo to decide which one is best for your business.

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