Top 10 Wave Accounting Alternatives

SoftwareSuggest offers verified & unbiased user reviews based on user ratings and feedback. Get all accounting and invoicing features tailored to meet your business requirements without breaking the bank. This means you get quick help to manage your finances when approaching the tax season. However, the user needs to pay extra to avail catch-up bookkeeping features, which can drain your company’s budget.

If you’re a one man band, FreshBooks is your best bet if your workflow revolves around invoicing, client work, and project-based billing. The mobile app and time-tracking features are excellent, and its visual polish makes it a breeze to use. Puzzle.io is a modern, AI-powered accounting platform designed to streamline financial operations for startups. Since Puzzle is the new kid on the block, I’ve been giving it a go lately, and I can’t preach enough just how sleek, streamlined, and clean the entire platform is. The most expensive plan goes up in price as you add more users (up to 50 are supported). Invoice Ninja is ideal for small businesses that need invoicing and basic financial management but aren’t quite ready for a full-on accounting program such as Wave.

• Auto tax filing and one-to-one expert consultation are some necessary features that are still missing on Wave Accounting, emphasizing your need for a switch.
• If you’re looking for a simple and affordable solution, your best bet will be one of the other options we reviewed.
• Most freelancers prefer to automate these tasks, often juggling multiple apps to tick off their to-do lists.
• On top of that, QuickBooks has more payment methods than your current accounting software, Wave.
• It’s a modern solution that offers precision in managing your business finances, ensuring you have access to real-time insights through its analytics dashboard.

Also, it provides comprehensive reporting, which can ease your business workload and help you stay on top of your finances. I started The Digital Merchant to test the tools, services, and products I use in my digital business. Now, I’m here with other online business owners buying, testing, and evaluating the best digital tools, services, and software we can find – for every stage of the business. For the Wave users who loved easy invoicing and receipt capture, you’ll feel right at home with FreshBooks. The visual invoicing editor, mobile app, and client collaboration free wave accounting alternative features are big upgrades over Wave, particularly for solo consultants and contractors. It’s no wonder Wave has been such a success in the accounting software world.

The good thing about Sage Accounting is that it’s one of the three Sage accounting products in the Sage universe; the other two software solutions are Sage 50cloud and Sage Intacct. Small businesses can start with Sage Accounting, and from there, it’s very easy to scale up and upgrade to 50cloud or Intacct if your business grows. We voted myBooks as the best cheap alternative to Wave for several reasons. One of the reasons is that it comes with a free plan that supports one user and allows for up to 25 monthly transactions. The software lets you import your transactions for streamlined monitoring.

• Bookkeeper360 is another Wave Accounting alternative that relieves you of conventional bookkeeping tasks.
• Get help when you need it and review our policies to understand how we protect your business data.
• Access Wave’s pocket- and small business-friendly solutions today, starting for free.
• It doesn’t use something like Maintenance contract #1 then go to #2 or something like that it makes recurring billing invoice names that were the most recent of any invoices.
• Invoicera is a great alternative to Wave because it has client and project management, invoice management, automated recurring expenses, time tracking, and many payment gateways.

Best Personal CRM Software in 2025 to Manage Your Network

If you’re an all thing open-source supporter, you might want to explore this accounting solution. Akaunting is an open-source Wave alternative that empowers businesses to customize their accounting software according to their specific needs. This flexibility makes it an attractive choice for businesses with unique requirements that might not be fully met by standardized accounting software. Although Wave has made progress in simplifying procedures, it may not seamlessly integrate with all third-party applications and services that many businesses depend on for daily operations. This lack of integration could impede productivity and require extra solutions, prompting users to explore other alternatives that provide more inclusive and interconnected ecosystems.

QuickBooks Online: Overall Best Wave Alternative

Some of the links that appear on the website are from software companies from which CRM.org receives compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). We’ve got a detailed Wave vs Zipbooks comparison article, so make sure to give it a look and find out more differences between these two tools.

With business.com+, members get dedicated support, exclusive deals and expert advice. QuickBooks Online is also an excellent choice if you’re interested in scalable features and want software you can grow with for years to come. Business.com aims to help business owners make informed decisions to support and grow their companies. We research and recommend products and services suitable for various business types, investing thousands of hours each year in this process. However, the best accounting software for your business will depend on many factors, like your budget, preferences, type of business, and more.

With customizable invoices and a plethora of branding options, users can tailor their financial documents to align seamlessly with their brand identity. Keep in mind that the list of options provided in this article is not exhaustive, and there are plenty of software options available for businesses of any size. When choosing an accounting solution, consider your business needs and requirements as the most important factor. FreshBooks is another popular Wave alternative known for its user-friendly interface and powerful invoicing and expense tracking capabilities. This accounting software caters well to service-based businesses, consultants, and freelancers who need efficient time tracking and invoicing features.

However, Wave isn’t the right fit for everyone, and some businesses may eventually outgrow its limited capabilities. We’ll highlight seven excellent Wave alternatives to consider and share tips for knowing when it’s time to switch to a new accounting platform. While other online software requires monthly fees, high processing fees, and limited payment options, Bloom does not require an account to use the unlimited invoice generator. If you want to explore Bloom’s full management software including digital contracts, scheduling, instant booking, and so much more – try Bloom today. There’s a neat accounting dashboard that gives you real-time data on your financial health.

Wave cons: #2 – Limited support

The biggest perk you get using Zoho Books is that you will find it easier to manage tax data and comply with local rules and regulations. Besides, this free accounting software does not charge a single penny if you are just getting off the ground. It offers a basic plan at no cost, helping small businesses automate the accounting process even if they are running on a tight budget. Xero is a full-featured cloud accounting platform with a strong following among accountants and business owners worldwide. It’s a favorite among companies needing multi-currency support, inventory tracking, and collaboration between bookkeepers and business owners. I always like to describe it as somewhere in between Freshbooks and Quickbooks in terms of complexity and depth of offerings.

If you decide you’d like even more from your Wave account, then you can choose to utilize Wave’s free or pay as you go add-ons. With these add-ons, you can extend your functionality and perform more of your business accounting tasks in one platform. Xero is a robust Wave alternative suitable for both small and medium-sized businesses. It offers a comprehensive set of features, including inventory management, purchase orders, and multi-currency support, making it ideal for businesses with complex accounting needs. The software provides a suite of essential tools, including invoicing, that enables businesses to keep their financials in shipshape condition without spending a single doubloon. With Wave, you can create professional invoices and easily track payments, ensuring a steady cash flow for your business.