Managing to account is one of the tough things and if you have options, then it becomes more complex to choose the right one. Today’s article shows you about the comparison of two accounting software i.e. Wave vs QuickBooks. The comparison includes the features, pros & cons, etc. The below information helps you to select your right accounting software. Let’s start the article.
What’s Difference Between Wave vs QuickBooks
Wave
A wave is accounting software which gives you 100 % free and real entry accounting for small business. It is a cloud-based software through which a wave user can access the data from anywhere anytime. You can add a number of collaborators and work all of your business through a single click. It helps to create the financial reports and remove the data entry which leads to keeping the financial reports at your fingertips.
QuickBooks
QuickBooks is known as the best accounting solution for small businesses. Keep everything organized and visible through the online version of the licensed version. Get instant access to vendor, customer, and employee details. It always comes from time to time with upgraded features and tools, which helps you to keep advanced and updated always.
To know more Information let’s see the Comparison between Wave vs QuickBooks
| QuickBooks | Wave | |
| Deployment | Web-Based, Cloud, SaaS | Web-Based, Cloud, SaaS |
| Training | In-Person | In-Person, Live Online, Webinars, Documentation |
| Live Help | 24*7(Live Rep) and Online | Business Hours, Online |
| Best for business | Small business searching software as per the business | Small business owners, freelancer, and solo entrepreneurs |
| Number of users | 1- 49 | 1 to 1000 + |
| Platform | Cloud | Cloud |
| Track Income and Expenses | Yes | Yes |
| Maximize tax deductions | Yes | Yes |
| Capture and organize receipts | Yes | Yes |
| Invoice and accept payments | Yes | Yes |
| Send estimates | Yes | Yes |
| Run basic reports | Yes | Yes |
| Manage and pay bills | Some paid plans | Yes |
| Manage 1099 contractors | Yes | Yes |
| Accountant approved reporting | Some paid plans | Yes |
Feature of QuickBooks
Below are the main features mentioned
- Accounts Payable
- Billing and Invoicing
- Bookkeeper
- Financial Reporting
- Non-profit Accounting
Features of Wave
- Accounting
- Accounts Receivable
- Bookkeeper
- Expense Report
- Financial Report
Tips through which you can take the right software for the business
| You can select Wave if you
| You can select QuickBooks if
|
| · Want to get Wave basic plan which is free of cost
| · You are finding a more global accounting solution
|
| · Are having a small business or working as a freelancer
| · You have a big business or you work in retail
|
| · Looking for simplicity
| · You are planning to scale the business
|
| · Need quick and easy setup | · You want features which Wave don’t have
|
The main difference between QuickBooks and Wave
If we talk about the differences between Wave and QuickBooks, both software is different from each other and some differences are mentioned below.
- QuickBooks is an Android and iOS app, however, Wave is just an iOS app
- Wave don’t charge, it means wave has a free basic plan but QuickBooks always include a monthly bookkeeping charge
- QuickBooks inventory management software but doesn’t have an inventory tracking feature.
Final Decision
Selecting the right accounting software depends on many things, such as the size of the employee, what features you are looking for, you are looking for payable or free software, etc. Simply first see your needs and prioritize and according to that go ahead with the selection of software “Wave vs QuickBooks”. For any assistance related to QuickBooks, you can email at support@accountscomparison.com. QuickBooks experts are available 24*7 to provide you any assistance related to QuickBooks. alternatively, you can live chat with the certified and dedicated QuickBooks executives.