| Product | Wave | Quickbooks |
|---|---|---|
| Link | Visit Wave | Visit Quickbooks |
| Description | Wave is the best accounting software for small businesses. It’s easy to use, and you can be up and running in minutes. Wave has all the features you need to manage your finances, including invoicing, payments, reporting, and more. Plus, it’s free! | QuickBooks is an accounting software that helps small businesses manage their finances. It includes features like invoicing, tracking expenses, and creating financial reports. QuickBooks is easy to use and can save time on bookkeeping tasks. |
| Gitnux Rating | Great product | Great product |
| Pricing Model | Freemium | Flat pricing |
| Pricing Rates | Inovicing, accounting, banking, payments, payroll, advisors | Simple start, essentials, plus |
| Could be better | 1.Customer service, 2.Not accesible on phone, 3.Error in calculations | 1.Price too high, 2.Customer service, 3.Doesn’t recognize previouse entered journalizies |
| Key features | Dashboards, Performance and Reliability, Accounting | Purchase Orders, Payroll, Financial Statements |
| Support | Email/Help Desk FAQs/Forum Knowledge Base Chat | Email/Help Desk FAQs/Forum Knowledge Base Phone Support 24/7 (Live Rep) Chat |
| Best for | Wave’s target market is small business owners (1-9 employees), freelancers and solo entrepreneurs. Wave has users in 200 countries around the world and our ecosystem is 4 million strong. | QuickBooks Commerce is currently available as part of a bundle with QuickBooks Online which provides many features and benefits for small businesses. |
| Feature | Wave | Quickbooks |
|---|---|---|
| Data Import and Export Tools | Yes | Yes |
| Payment Processing | Yes | Yes |
| Audit Trail | No | Yes |
| Financial Statements | Yes | Yes |
| Custom Reporting | Yes | Yes |
| Workflow Capability | Yes | Yes |
Data Import and Export Tools
QuickBooks Online offers more than 50 standard reports that can be customized within the application.
Payment Processing
Wave deposits money into your connected bank account within two business days of payment.With QuickBooks, your online payments will be deposited into your connected bank account within the next business day. Wave transaction fees are higher.
Audit Trail
Wave Accounting is an ideal choice for micro-businesses with less than 10 employees, contractors, freelancers and other service-based businesses on a budget.
Financial Statements
Freelance professionals, Small business can use Wave to send invoices to their clients, accept payments, and organize their income and expenses for tax filing.It allows you to print checks directly from the program and reconcile your checking account with checks outstanding. Wave doesn’t allow printing checks or reconciling an account that has any outstanding checks or deposits.
Custom Reporting
QucikBooks offers customize reports which can easily be acessed to track taxes and see where the account stands.
