Detailed comparison across 10 dimensions
Winner: Wave Accounting
Wave Accounting clearly comes out ahead of Xero on Staquest's weighted six-dimension score. Wave Accounting has a free tier; Xero does not. Paid plans start at $19/mo for Wave Accounting and $25/mo for Xero.
| Overview | ||
|---|---|---|
| Type | saas tool | hybrid |
| Company | Wave Financial Inc. | Xero Limited |
| Free Tier | ||
| Has API | ||
| Open Source | ||
| Learning Curve | - | - |
| Integration | - | - |
| Trending | Stable | Stable |
| GitHub Stars | - | - |
| Industries | Data & AnalyticsDevelopmentFinTechHR & Recruiting | Data & AnalyticsDevelopmentFinTechE-Commerce |
| Categories | finance-toolsaccounting | inventory-managementfinance-tools |
| Website | Visit | Visit |
Wave Accounting
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| Feature | wave-accounting | xero |
|---|---|---|
| A Dedicated Bookkeeper | ||
| 180-Day Forecast | ||
| Auto-Import Bank Transactions | ||
| 20 Invoices And Quotes | ||
| Auto-Merge And Categorize Bank Transactions | ||
| 30-Day Forecast | ||
| Automate Late Payment Reminders | ||
| 5 Bills | ||
| Create Unlimited Estimates, Invoices, Bills, And Bookkeeping Records | ||
| 90-Day Forecast | ||
| Digitally Capture Unlimited Receipts And Track Expenses | ||
| Automation | ||
| Everything In Starter | ||
| Bank Reconciliation | ||
| Expert Support | ||
| Dashboards | ||
| Includes Pro Plan Features | ||
| Everything In Growing | ||
| Invoice On-The-Go With The Mobile App | ||
| Expenses | ||
| Manage Cash Flow And Customers In One Dashboard | ||
| Multi-Currency (160+ Currencies) | ||
| Monthly Financial Statements | ||
| Projects | ||
| Onboarding Support | ||
| Unlimited Bills | ||
| Option To Accept Online Payments (2.9% + $0.60 Per Credit Card Transaction, 3.4% + $0.60 Per Amex Transaction) | ||
| Unlimited Invoices And Quotes | ||
| Option To Accept Online Payments At A Discounted Rate (2.9% + $0 Per Credit Card Transaction, 3.4% + $0 Per Amex Transaction) | ||
| Tax Time Readiness |
Showing 30 of 30 features
Dashes mean the feature isn't listed in our data. The tool may still support it.
On Staquest's weighted six-dimension scoring, Wave Accounting comes out ahead overall, though Xero can be the better fit depending on your priorities — see the dimension-by-dimension breakdown above.
Wave Accounting's paid plans start at $19/mo and Xero's start at $25/mo, so Wave Accounting is the lower entry price. Check the pricing comparison for higher tiers and per-seat costs.
Wave Accounting offers a free tier; Xero does not currently list one.
