Xero vs. Wave: Discover the free alternative

Xero vs. Wave: Discover the free alternative

Create your free account

Wave has free, unlimited invoicing and accounting

That’s right: 100% free. $0/month. No credit card required to sign up. And unlimited means you'll never worry about choosing the right package, or creating a new account to upgrade.

Free doesn't mean fewer features

Just because Wave is free doesn't mean you won't get access to powerful, professional software. Unlike other tiered accounting software options, every feature is available from the minute you create your free account.

Set-up is quick and easy

We don’t believe in trials or demos to get started. You can just create your free Wave account, set up your business in minutes and see for yourself.

Wave VS. Xero

Wave
Xero (all plans)
Pricing
Wave
Free forever
Xero (all plans)
$9-$60/month
Track income and expenses
Wave
Xero (all plans)
Capture and organize receipts
Wave
Xero (all plans)
Track sales taxes
Wave
Xero (all plans)
Invoice & accept payments
Wave
Xero (all plans)
Invoice customization
Wave
Xero (all plans)
Run basic reports
Wave
Xero (all plans)
Connect your bank account
Wave
Xero (all plans)
Add partners or accountants as collaborators
Wave
Xero (all plans)
Payment processing
Wave
1% per bank payment (ACH/EFT); 2.9% + 30¢ per transaction for all credit cards
Xero (all plans)
$9-$70/month, plus processing fees from third parties like Paypal and Stripe
Manage and pay bills
Wave
Xero (all plans)
$9/month for 5 bills
Unlimited invoices & estimates
Wave
Xero (all plans)
Accountant-approved reporting
Wave
Xero (all plans)
Payroll that fits your team (additional fees apply)
Wave
Xero (all plans)

Everything you need to confidently run your business

Customers Love Wave

4.3 out of 5 stars based on user reviews collected by G2Crowd as of summer 2018.

Testimonial P D Google Play Store 2X

"Entrepreneur’s dream. With Wave I dramatically improved my business this year. And now they have made it easy-peasy to send invoices and stay on top of my cash-in wherever and whenever. ...I really appreciate how fast it is now to send an invoice (and get paid!) as soon as the contract is signed, product delivered, or service complete."

M.E., M.E.

Features

Here's why we think you'll love Wave

Accounting

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.

Invoicing

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.

Payments

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% + 30¢ per transaction with no subscription fees or hidden charges.

3 reasons to try Wave instead

Your free Wave account includes unlimited invoicing and accounting

We’ve been rated 4+ stars from hundreds of customer reviews

Backed by H&R Block, we have more resources and staying power than ever before

Entrepreneur’s dream. With Wave I dramatically improved my business this year. And now they have made it easy-peasy to send invoices and stay on top of my cash-in wherever and whenever. ...I really appreciate how fast it is now to send an invoice (and get paid!) as soon as the contract is signed, product delivered, or service complete.

M.E., business owner