Compare QuickBooks VS Wave Accounting

Pros & Cons

Pros

Excellent support, reduced need for staff to monitor accounts, time savings, Usi...Read more - Karan Shetty Jul 05, 2021

You can rely on this application for real-time reporting and cloud based support...Read more - CA GOYAL Nov 15, 2020

Wave has fulfilled our needs for an affordable solution for our two subsidiaries...Read more - nandini lal Jul 04, 2024

Setting up Wave was straightforward and initially easy to understand. - Babita Jul 04, 2024

Cons

Will require some time to comprehend the concept of Quickbooks, particularly for...Read more - Karan Shetty Jul 05, 2021

Small businesses may not be able to manage their work with this application as h...Read more - CA GOYAL Nov 15, 2020

It only allows to view reports and can’t download reports or combine them. Pla...Read more - nandini lal Jul 04, 2024

The payroll options are very limited, and there’s no solution for unpaid vacat...Read more - Babita Jul 04, 2024

Reviews

Verified customer reviews

The software is the best for all types of business owners.

CA GOYAL Nov 15, 2020

only discount option is not available in purchase

Mehul Kansara Jun 06, 2020

See all QuickBooks reviews

Allows to create and send invoices easily

nandini lal Jul 04, 2024

Lack of Customer Support

Babita Jul 04, 2024

See all Wave Accounting reviews

Reviews with Video

QB Champions - BiteMe Cupcakes - Kingsley

QuickBooks Customer Stories | Redmond Accounting

QuickBooks Customer Stories | Mountain View General Store

QuickBooks Customer Stories | The Academy of Self Defense

QuickBooks Customer Stories | Village Cheese House

QuickBooks Online Customer Stories in South Africa: Eden Projects

QuickBooks Customer Stories | Trash Amps

QuickBooks Customer Stories | Dang Foods

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Not Available

Currently no reviews are available. Please check back later

Best Use for

Business Size:

Individual
2-50 Employees
51-250 Employees
250-500 Employees
500-1000 Employees
More than 1000+ Employees

Individual
2-50 Employees
51-250 Employees
250-500 Employees
500-1000 Employees
More than 1000+ Employees

Business Type:

Small Business
Startups
Medium Business
Enterprise
SMBs
SMEs
MSMBs
MSMEs
Freelancers

Small Business
Startups
Medium Business
Enterprise
SMBs
SMEs
MSMBs
MSMEs
Freelancers

Industries:

All Industries

All Industries

Features

Core Functionalities

General Ledger
Bookkeeping Capabilities
Accounts Receivable
Tax Management
Payroll Management
Time & Expenses Management
Asset Management
Bank Reconciliation
Bank Settlement
Accounts Payable
Fund Accounting
Multi Currency Support
Cost Centres
Fixed Asset Register (FAR) Management
Trial Balance Preparation
Gst Report Preparations
Return Filings
Tds Report Generations
GST Input Reconciliations
Variant Analysis
Alerts & Notifications
Batch Management
Branch Management
Broker Management
Claims Management
Collection Management
Credit / Debit Note
Document Management
Quotation & Estimates
Sales Management
Statutory Compliances
Transaction Management
Receipt Management

General Ledger
Bookkeeping Capabilities
Accounts Receivable
Tax Management
Payroll Management
Time & Expenses Management
Asset Management
Bank Reconciliation
Bank Settlement
Accounts Payable
Fund Accounting
Multi Currency Support
Cost Centres
Fixed Asset Register (FAR) Management
Trial Balance Preparation
Gst Report Preparations
Return Filings
Tds Report Generations
GST Input Reconciliations
Variant Analysis
Alerts & Notifications
Batch Management
Branch Management
Broker Management
Claims Management
Collection Management
Credit / Debit Note
Document Management
Quotation & Estimates
Sales Management
Statutory Compliances
Transaction Management
Receipt Management

Administrative Features

Ledger Scrutiny
Admin Controls
Backup & Restore
Facility Management
Self Service Portal
User Access Management

Ledger Scrutiny
Admin Controls
Backup & Restore
Facility Management
Self Service Portal
User Access Management

Integrations Supported

Import / Export Management

Import / Export Management

Financial Management

Budgeting & Forecasting
Revenue Management
Fund Accounting
Cash Flow Management
Fund Planning
Net Worth Management
Cash and Bank Management
Financial Planning & Analysis

Budgeting & Forecasting
Revenue Management
Fund Accounting
Cash Flow Management
Fund Planning
Net Worth Management
Cash and Bank Management
Financial Planning & Analysis

Analytics and Reporting

Profit & Loss
Financial Accounting and Reporting
Gross Profit
Ratio Analysis
Net Profit Management
Audit Management
Financial Statement Generation & Analysis
Profit Centers

Profit & Loss
Financial Accounting and Reporting
Gross Profit
Ratio Analysis
Net Profit Management
Audit Management
Financial Statement Generation & Analysis
Profit Centers

Sales and CRM

CRM Capabilities
Customer Management
Loyalty Program
Order Management
Quotation & Estimates
Sales Management

CRM Capabilities
Customer Management
Loyalty Program
Order Management
Quotation & Estimates
Sales Management

Inventory and Supply Chain Management

Inventory Management
Inventory Reconciliation
Barcode Scanning
Delivery Management
Distribution Management
Item Master
Product Management
Stock Management
Store Management
Supply Chain Management
Vendor & Supplier Management
Warehouse Management

Inventory Management
Inventory Reconciliation
Barcode Scanning
Delivery Management
Distribution Management
Item Master
Product Management
Stock Management
Store Management
Supply Chain Management
Vendor & Supplier Management
Warehouse Management

Project and Workflow Management

Time & Expenses Management
Project Accounting
Facility Management
Production Management
Transaction Management
Workflow Management

Time & Expenses Management
Project Accounting
Facility Management
Production Management
Transaction Management
Workflow Management

Retail and Point of Sale

Point of Sale (POS)
Retail Management

Point of Sale (POS)
Retail Management

Billing & Invoicing

Invoice Processing
Payment Processing
Automatic Payment Reminders
Bill Of Materials (BOM)
E-Way Bill Generation
Payment Tracking

Invoice Processing
Payment Processing
Automatic Payment Reminders
Bill Of Materials (BOM)
E-Way Bill Generation
Payment Tracking

Gallery

All Videos & Images

See all (3)

Specifications

Deployment

Web based
On Premises

Web based
On Premises

Device Supported

Desktop
Mobile
iPad
Tablet

Desktop
Mobile
iPad
Tablet

Supported Platforms

Windows
Mac OS
Android
iOS
Linux
Ubuntu

Windows
Mac OS
Android
iOS
Linux
Ubuntu

Languages support

English

English

Question and Answers

Product related question and answers

Is QuickBooks the best accounting software?

QuickBooks is one of the popular accounting solutions designed for businesses to... Read more

Which scheduling software integrates well with Quickbooks Desktop?

Ther are a lot of software which can integrate with Quickbooks Desktop, here are... Read more

Do any scheduling software options integrate with Quickbooks Online?

Yes, there are a lot of software which can integrate with Quickbooks online some... Read more

See all QuickBooks Questions & Answers

How to Set Yourself Up for Bookkeeping Success?

To do well in bookkeeping with Wave, it's important to regularly check your tran... Read more

How to Bookkeep for Invoice Payments in Wave?

In Wave, when you mark an invoice as paid, it automatically updates your financi... Read more

How to Reconcile Your Accounts in Wave?

To reconcile accounts in Wave, follow the steps given below: Open your Wav... Read more

See all Wave Accounting Questions & Answers

Alternatives

Top Alternative Products

TallyPrime

Busy Accounting Software

Marg ERP 9+

Deskera Books

See all QuickBooks alternatives

TallyPrime

Busy Accounting Software

Marg ERP 9+

Deskera Books

See all Wave Accounting alternatives

QuickBooks vs Wave Accounting Comparison FAQs

Software questions,
answered

While QuickBooks offers customized features, Wave Accounting has diverse modules. Select between QuickBooks or Wave Accounting as per your business needs.

Both these products offer similar features but with a different approach. While QuickBooks emphasizes on user experiences, Wave Accounting focuses on functionalities.

It all depends on the functionalities that you prefer. While QuickBooks offers add-ons along with essential features, Wave Accounting emphasizes on customization.

No, the difference between QuickBooks and Wave Accounting lies in terms of features and functionalities. While QuickBooks can be customized as per the user’s needs, Wave Accounting addresses the diverse audience.

It depends upon your business requirement. Both QuickBooks and Wave Accounting provides standard features to cater diverse industry needs.

The difference lies in terms of the user interface and functionalities. While QuickBooks is customizable, QuickBooks offers comprehensive modules.

A Quick Comparison Between QuickBooks vs Wave Accounting

Choosing any software for your organisation is a crucial decision. As a decision maker, you must ensure that the software you choose addresses the pain points of your teams and reaps maximum benefit for you.

Comparison of QuickBooks vs Wave Accounting In terms of Features
Comparison Between QuickBooks and Wave Accounting In terms of Deployment Type
QuickBooks or Wave Accounting: Which Is Ideal for Your Industry
Which Is Better? - QuickBooks or Wave Accounting

Comparison of QuickBooks vs Wave Accounting In terms of Features

QuickBooks includes features like Multi Currency Support, Batch Management, Workflow Management and Statutory Compliances. Wave Accounting is known for functionalities like Financial Statement Generation & Analysis, Time & Expenses Management, Order Management and Asset Management. When you compare QuickBooks vs Wave Accounting, look for scalability, customization, ease of use, customer support and other key factors. The one which suits your business needs is the best.

Comparison Between QuickBooks and Wave Accounting In terms of Deployment Type

While QuickBooks supports Web Based deployment; Wave Accounting is suitable for Web Based deployment. While selecting between QuickBooks and Wave Accounting, figure out which one of the two is compatible with your devices. This will help in reducing the hassle after implementation.

QuickBooks or Wave Accounting: Which Is Ideal for Your Industry

QuickBooks is ideal for industries like All Industries. For All Industries, Wave Accounting is a better choice. If you are confused between QuickBooks or Wave Accounting, you can also check if the software has customizable modules for your industry. Industry-specific functionalities will ensure higher efficiency and ROI. However, do check for the hidden price, is any.

Which Is Better? - QuickBooks or Wave Accounting

QuickBooks and Wave Accounting can be used for different purposes and are well-suited for teams with specific needs. If you are looking for a platform that is easy to use, has low barriers to entry, and offers a lot of customization, flexibility, and integration options, then you must compare their specifications in detail at the time of demo. Compare QuickBooks and Wave Accounting during demo to decide which one is best for your business.

Author: Akhilesh Nagpal

QuickBooks VS Wave Accounting

QuickBooks vs Wave Accounting: Comparision Video

QuickBooks vs Wave Accounting Comparison FAQs

Is QuickBooks better than Wave Accounting?

Are QuickBooks and Wave Accounting same?

Which is better QuickBooks or Wave Accounting?

Is QuickBooks the same as Wave Accounting?

Can QuickBooks replace Wave Accounting?

What is the difference between QuickBooks and Wave Accounting?

A Quick Comparison Between QuickBooks vs Wave Accounting

Comparison of QuickBooks vs Wave Accounting In terms of Features

Comparison Between QuickBooks and Wave Accounting In terms of Deployment Type

QuickBooks or Wave Accounting: Which Is Ideal for Your Industry

Which Is Better? - QuickBooks or Wave Accounting

QuickBooks VS Wave Accounting

QuickBooks vs Wave Accounting: Comparision Video

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QuickBooks vs Wave Accounting Comparison FAQs

Is QuickBooks better than Wave Accounting?

Are QuickBooks and Wave Accounting same?

Which is better QuickBooks or Wave Accounting?

Is QuickBooks the same as Wave Accounting?

Can QuickBooks replace Wave Accounting?

What is the difference between QuickBooks and Wave Accounting?

A Quick Comparison Between QuickBooks vs Wave Accounting

Comparison of QuickBooks vs Wave Accounting In terms of Features

Comparison Between QuickBooks and Wave Accounting In terms of Deployment Type

QuickBooks or Wave Accounting: Which Is Ideal for Your Industry

Which Is Better? - QuickBooks or Wave Accounting

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