Wave vs. Xero

Everything you need to confidently run your business.

Try Wave for free

Wave vs. Xero

With Wave, you don’t need to choose the package that’s right for you. Invoicing and accounting (plus much more) are free and unlimited for everyone.


Xero (all plans)

Track income and expenses
Capture and organize receipts
Track sales taxes
Invoice & accept payments
Invoice customization
Run basic reports
Connect your bank account
Payment processing
1% per bank payment (ACH/EFT); 2.9% + 60¢ per transaction for all credit cards, 3.4% + 60¢ for American Express
$9-$70/month, plus processing fees from third parties like Paypal and Stripe
Add partners or accountants as collaborators
Manage and pay bills
$9/month for 5 bills
Unlimited invoices & estimates
Accountant-approved reporting

Customers love Wave

4.4 out of 5 stars based on user reviews collected by G2Crowd as of Spring 2022.

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4.4 out of 5 stars

Thank you Wave for taking the pain out of accounting & invoicing. Simplicity of use meets perfect design—kudos to your UX team! Saving me from Quickbooks and Xero.

Chas Sweeting - AI startup Co-founder & CEO

Everything you need to confidently run your business.

Try Wave for free

Wave vs. Xero

Here's why we think you'll love Wave


Powerful, cloud-based accounting software that perfectly integrates with Wave’s suite of free tools to help you run your business better. Unlimited, secure and reliable bank connections, free of charge. Designed to be easy for freelancers and small business owners to use, while making accountants happy with robust reports and functionality.


Professional, customizable invoices that are quick and easy to create. Send invoices on the go using Wave’s iOS and Android apps, which automatically sync to your accounting records so your bookkeeping is already done. Send unlimited recurring invoices to as many customers as you want—all free.


Flexible billing to suit any customer. Time-saving features like scheduled payment reminders and automatic credit card payments. Connects seamlessly with Wave’s free invoicing and accounting software, so you’ll always have the information you need in one place. Pay only 2.9% + 60¢ per transaction with no subscription fees or hidden charges (3.4% + 60¢ per transaction for American Express cards).

1 Rates are 1% for bank payments (minimum fee of $1). For information on credit card rates, visit Pricing for details.

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