Xero vs. Wave: Discover the free alternative!

Why Wave

Wave has been changing the way millions of small businesses and freelancers make money since 2010 with award-winning accounting software and financial services. Wave focuses on small business owners and entrepreneurs, to give you the powerful tools you need to succeed. Plus, it’s completely free!

Wave VS. Xero

Wave
Xero
Unlimited invoicing
Wave
Free
Xero
$30/month
Unlimited vendors and customers
Wave
Free
Xero
$9/month
Invoice customization
Wave
Free
Xero
$9/month
Unlimited bank connections
Wave
Free
Xero
$9/month
Add partners or accountant as collaborators
Wave
Free
Xero
$9-$70/month
Reports to help you run your business better
Wave
Free
Xero
$9/month
Apps for iOS and Android
Wave
Free for iOS and Android
Xero
$9/month
Scan receipts with your phone
Wave
Free for iOS and Android
Xero
$9/month
Credit card processing
Wave
2.9% + 30¢ per transaction (all credit cards) — no hidden fees or monthly minimums
Xero
$9-$70/month, plus processing fees from third parties like Paypal and Stripe

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.

G2Crowd Leader
3.5+ million
customers
$200+ billion
in income and expenses
$20+ billion
in invoices sent annually
"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.

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.

Showcasing our accounting software

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.

Our invoice templates

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.

Payments Showcase
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