Quickbooks vs Freshbooks vs Xero vs Wave Comparison

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98% SW Score The SW Score ranks the products within a particular category on a variety of parameters, to provide a definite ranking system. Read more

Quickbooks

Accounting Software

4.2 6,697 user ratings

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96% SW Score The SW Score ranks the products within a particular category on a variety of parameters, to provide a definite ranking system. Read more

Freshbooks

Accounting Software

4.4 2,496 user ratings

Start Free Trial

95% SW Score The SW Score ranks the products within a particular category on a variety of parameters, to provide a definite ranking system. Read more

Xero

Accounting Software

4.3 2,397 user ratings

Start Free Trial

96% SW Score The SW Score ranks the products within a particular category on a variety of parameters, to provide a definite ranking system. Read more

Wave

Accounting Software

4.2 1,696 user ratings

Start Free Trial

Overview

Description	An accounting software package developed to offer on-premises accounting applications as well as cloud-based versions to small sized businesses. Quickbooks provides a very user-friendly interface. Regular tasks like creating invoices and getting cash flow reports can be performed in a matter of seconds with a few clicks. The real-time reports and dashboards help you to take control of your cash flow and see where the money is going. Quickbooks offers almost all the accounting services a business needs, ranging from handling the accounts receivable or payable to Fixed Asset Management. Read more	An accounting software focused on providing expert accounting services to small scale businesses. It is best suited for self-employed professionals, small scale agencies, firms and consultancies. The software expertise in handling accounting tasks related to billing, invoicing and expense tracking. Freshbooks time tracking feature will provide you information so that you can invoice your bill for exactly what you’re worth. This easy-to-use software also provides a mobile app which allows you to keep a check on the accounting processes all the time. Freshbooks was awarded as “Leader in the Fall 2017 Small-Business Accounting Grid Report” based on customer satisfaction and market presence. Read more	Xero is an award-winning online accounting software for small scale businesses. Xero offers a variety of features to make your business function smoothly and efficiently. The software handles all the accounting transactions effectively. It permits unlimited users to get online at a time and work in collaboration over data which is accessible through a single ledger. Xero also provides Bank Reconciliation services by importing the various transactions from your bank accounts and matching them with your cash-book. Business finances and cash-flow statements are updated on a real-time basis, helping you to keep a track of all your expenses and transactions. Read more	An accounting software meant to provide various accounting services to small scale businesses with professional expertise and quality. Wave provides services like Invoicing, Accounting and Receipt scanning without charging a penny to its clients, whereas, features like Payments, Payroll and all the other features that a company might be looking for in an online accounting software are provided at very affordable price. If used efficiently, it can help a company save a lot of money on its accounting activities. This is a very good option for any small business looking for an online solution to handle accounts. Read more
Pricing Options	Free Trial Available Starts at $15.00.	Free Trial Available Starts at $13.50. Offers Custom plan.	Free Trial Available Starts at $11.00.	Free Trial Not Available Wave Offers Free-forever plan.
SW Score & Breakdown	98% SW Score The SW Score ranks the products within a particular category on a variety of parameters, to provide a definite ranking system. Read more Features The Feature Score % is calculated using the weighted average method, where core features hold more weight in the final calculation. Read more 100% Reviews 95% Momentum 66% Popularity 93%	96% SW Score The SW Score ranks the products within a particular category on a variety of parameters, to provide a definite ranking system. Read more Features The Feature Score % is calculated using the weighted average method, where core features hold more weight in the final calculation. Read more 100% Reviews 96% Momentum 63% Popularity 90%	95% SW Score The SW Score ranks the products within a particular category on a variety of parameters, to provide a definite ranking system. Read more Features The Feature Score % is calculated using the weighted average method, where core features hold more weight in the final calculation. Read more 97% Reviews 93% Momentum 61% Popularity 97%	96% SW Score The SW Score ranks the products within a particular category on a variety of parameters, to provide a definite ranking system. Read more Features The Feature Score % is calculated using the weighted average method, where core features hold more weight in the final calculation. Read more 100% Reviews 92% Momentum 64% Popularity 91%
SaaSworthy Awards	# 1 Most Worthy # 1 Fastest Growing	# 3 Most Worthy # 3 Fastest Growing	# 2 Most Worthy # 6 Fastest Growing	# 7 Fastest Growing # 4 Most Popular

Features

Total Features	17 Features	17 Features	15 Features	17 Features
Common Features for All	Accounts Payable Handling the money owed by a business to its suppliers. Accounts Receivable Handling the money the client owes to the company. Bank Reconciliation Matching the balances of an entity's accounting records with the corresponding information on a bank statement. Billing and Invoicing This feature helps in issuing and handling the invoice and bills. CPA Firms Offers collaboration with a professional expert for financial and consulting services. Cash Management Collection and management of cash. Collections Recovery of cash from a business or individual. Expense Tracking Keep a count of your day to day expenses as well as allows you to quickly identify where the expense report is in the approval process. Fixed Asset Management Helps in tracking fixed assets for the purposes of financial accounting, preventive maintenance, and theft deterrence. General Ledger Maintaining and recording all the accounting related transactions. Multi-Currency Enables payment and collection in multiple currencies. Payroll Handling the salary payable to the employees Project Accounting Creation of financial reports specifically designed to track the financial progress of projects Purchasing Acquiring goods or services required for the business at minimal cost Revenue Recognition Determining the specific conditions under which revenue is recognized or accounted for Spend Management Managing the expenditure of a business in order to build its product or services Tax Management Management of finances for payment of tax as well as assessing the advance tax liability to pay your tax in time + 14 More - Show Less	Accounts Payable Handling the money owed by a business to its suppliers. Accounts Receivable Handling the money the client owes to the company. Bank Reconciliation Matching the balances of an entity's accounting records with the corresponding information on a bank statement. Billing and Invoicing This feature helps in issuing and handling the invoice and bills. CPA Firms Offers collaboration with a professional expert for financial and consulting services. Cash Management Collection and management of cash. Collections Recovery of cash from a business or individual. Expense Tracking Keep a count of your day to day expenses as well as allows you to quickly identify where the expense report is in the approval process. Fixed Asset Management Helps in tracking fixed assets for the purposes of financial accounting, preventive maintenance, and theft deterrence. General Ledger Maintaining and recording all the accounting related transactions. Multi-Currency Enables payment and collection in multiple currencies. Payroll Handling the salary payable to the employees Project Accounting Creation of financial reports specifically designed to track the financial progress of projects Purchasing Acquiring goods or services required for the business at minimal cost Revenue Recognition Determining the specific conditions under which revenue is recognized or accounted for Spend Management Managing the expenditure of a business in order to build its product or services Tax Management Management of finances for payment of tax as well as assessing the advance tax liability to pay your tax in time + 14 More - Show Less	Accounts Payable Handling the money owed by a business to its suppliers. Accounts Receivable Handling the money the client owes to the company. Bank Reconciliation Matching the balances of an entity's accounting records with the corresponding information on a bank statement. Billing and Invoicing This feature helps in issuing and handling the invoice and bills. CPA Firms Offers collaboration with a professional expert for financial and consulting services. Cash Management Collection and management of cash. Collections Recovery of cash from a business or individual. Expense Tracking Keep a count of your day to day expenses as well as allows you to quickly identify where the expense report is in the approval process. Fixed Asset Management Helps in tracking fixed assets for the purposes of financial accounting, preventive maintenance, and theft deterrence. General Ledger Maintaining and recording all the accounting related transactions. Multi-Currency Enables payment and collection in multiple currencies. Payroll Handling the salary payable to the employees Project Accounting Creation of financial reports specifically designed to track the financial progress of projects Purchasing Acquiring goods or services required for the business at minimal cost Revenue Recognition Determining the specific conditions under which revenue is recognized or accounted for Spend Management Managing the expenditure of a business in order to build its product or services Tax Management Management of finances for payment of tax as well as assessing the advance tax liability to pay your tax in time + 12 More - Show Less	Accounts Payable Handling the money owed by a business to its suppliers. Accounts Receivable Handling the money the client owes to the company. Bank Reconciliation Matching the balances of an entity's accounting records with the corresponding information on a bank statement. Billing and Invoicing This feature helps in issuing and handling the invoice and bills. CPA Firms Offers collaboration with a professional expert for financial and consulting services. Cash Management Collection and management of cash. Collections Recovery of cash from a business or individual. Expense Tracking Keep a count of your day to day expenses as well as allows you to quickly identify where the expense report is in the approval process. Fixed Asset Management Helps in tracking fixed assets for the purposes of financial accounting, preventive maintenance, and theft deterrence. General Ledger Maintaining and recording all the accounting related transactions. Multi-Currency Enables payment and collection in multiple currencies. Payroll Handling the salary payable to the employees Project Accounting Creation of financial reports specifically designed to track the financial progress of projects Purchasing Acquiring goods or services required for the business at minimal cost Revenue Recognition Determining the specific conditions under which revenue is recognized or accounted for Spend Management Managing the expenditure of a business in order to build its product or services Tax Management Management of finances for payment of tax as well as assessing the advance tax liability to pay your tax in time + 14 More - Show Less

Technical Details

Organization Types Supported	Individuals Freelancers Medium Business Small Business	Individuals Freelancers Medium Business Small Business	Individuals Freelancers Medium Business Small Business	Individuals Freelancers Medium Business Small Business
Platforms Supported	SaaS/Web/Cloud Mobile - Android Mobile - iOS Installed - Windows Installed - Mac	SaaS/Web/Cloud Mobile - Android Mobile - iOS Installed - Windows Installed - Mac	SaaS/Web/Cloud Mobile - Android Mobile - iOS Installed - Windows Installed - Mac	SaaS/Web/Cloud Mobile - Android Mobile - iOS Installed - Windows Installed - Mac
Modes of Support	24/7 (Live rep) Business Hours Online	24/7 (Live rep) Business Hours Online	24/7 (Live rep) Business Hours Online	24/7 (Live rep) Business Hours Online
API Support	Available	Available	Available	Available

Reviews & Ratings

User Rating	4.2/5 6,697 user ratings	4.4/5 2,496 user ratings	4.3/5 2,397 user ratings	4.2/5 1,696 user ratings
Ratings Distribution	Excellent 64.2% Very Good 15.3% Average 4.7% Poor 3% Terrible 12.8%	Excellent 56.8% Very Good 31.6% Average 6.1% Poor 2.1% Terrible 3.4%	Excellent 60.7% Very Good 23.5% Average 6.4% Poor 3% Terrible 6.4%	Excellent 52.7% Very Good 32.3% Average 5.5% Poor 2.5% Terrible 7%
Review Summary	QuickBooks users generally express satisfaction with its intuitive interface, ease of use, comprehensive features, and seamless integration with other business applications. They appreciate its customizable reports and the option to personalize invoices. The mobile app is also praised for its convenience and functionality. However, some users have concerns about the occasional glitches, reporting issues, and customer support response times. Additionally, some reviewers feel that QuickBooks can be pricey, especially for small businesses with basic accounting needs.	Overall, users find FreshBooks easy to use and navigate, with a user-friendly interface and intuitive features. They appreciate its invoicing and payment processing capabilities, as well as its mobile app. However, some users have reported issues with customer support, occasional glitches, and limited reporting and customization options. Additionally, concerns have been raised regarding its pricing structure and the lack of certain features, such as inventory management and advanced reporting. Despite these drawbacks, many users praise FreshBooks for its simplicity and efficiency, making it a suitable option for small businesses and freelancers seeking a user-friendly accounting solution.	Xero is a cloud-based accounting software trusted by many businesses worldwide. It offers user-friendly features, seamless integrations, and real-time financial data. Reviewers praise its intuitive interface, robust reporting capabilities, ease of use, and excellent customer support. However, some users express concerns about its pricing, occasional technical difficulties, and limited customization options. Overall, Xero is a reliable accounting solution that caters to the needs of small businesses and accountants, offering efficient financial management and the ability to streamline business operations.	Overall, Wave Accounting garners positive feedback for its user-friendly interface, ease of use, and affordability. Users appreciate the simple setup process, intuitive navigation, and comprehensive features that cater to various accounting needs. The mobile app also receives praise for its convenience and functionality. However, some users encounter challenges with customer support, occasional glitches, and limitations in reporting and customization options. Additionally, a few reviewers express concerns regarding data security and the lack of certain advanced features found in more expensive software.
Pros & Cons	User-friendly interface Real-time reports and dashboards Comprehensive accounting services Can be pricey for small businesses	Easy-to-use software Mobile app for convenience Suitable for small businesses and freelancers Limited reporting and customization options Concerns about pricing structure	Efficient for small-scale businesses Unlimited users can work collaboratively Real-time financial data Limited customization options Occasional technical difficulties	Most affordable accounting software Services like Invoicing, Accounting and Receipt scanning are free Very good option for small businesses Challenges with customer support Limitations in reporting and customization options
	Read All User Reviews	Read All User Reviews	Read All User Reviews	Read All User Reviews

AI-Generated from the text of User Reviews

Pricing

Pricing Options	Free Trial Available Starts at $15.00.	Free Trial Available Starts at $13.50. Offers Custom plan.	Free Trial Available Starts at $11.00.	Free Trial Not Available Wave Offers Free-forever plan.
Pricing Plans Monthly Plans Annual Plans	Simple Start $25.00 $25.00 per month Essentials $50.00 $50.00 per month Plus $80.00 $80.00 per month Advanced $180.00 $180.00 per month Self-Employed $15.00 $15.00 per month	Lite $13.50 $15.00 per month Plus $27.00 $30.00 per month Premium $49.50 $55.00 per month Select Custom	Early $11.00 $11.00 per month Growing $32.00 $32.00 per month Established $62.00 $62.00 per month	Free Plan Free
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Alternatives

	Sage Accounting (Sage One) 4.5 Based on 3173 Ratings Quickbooks Vs Sage Accounting (Sage One) Zoho Books 4.3 Based on 1112 Ratings Quickbooks Vs Zoho Books Xero 4.3 Based on 5732 Ratings Quickbooks Vs Xero Wave 4.2 Based on 2631 Ratings Quickbooks Vs Wave Sage Business Cloud Accounting 4.2 Based on 439 Ratings Quickbooks Vs Sage Business Cloud Accounting	Xero 4.3 Based on 5732 Ratings Freshbooks Vs Xero Zoho Books 4.3 Based on 1112 Ratings Freshbooks Vs Zoho Books Wave 4.2 Based on 2631 Ratings Freshbooks Vs Wave Quickbooks 4.2 Based on 23468 Ratings Freshbooks Vs Quickbooks FreeAgent 4.7 Based on 555 Ratings Freshbooks Vs FreeAgent	Zoho Books 4.3 Based on 1112 Ratings Xero Vs Zoho Books Sage Accounting (Sage One) 4.5 Based on 3173 Ratings Xero Vs Sage Accounting (Sage One) Quickbooks 4.2 Based on 23468 Ratings Xero Vs Quickbooks QuickBooks Online Advanced 4.5 Based on 539 Ratings Xero Vs QuickBooks Online Advanced Sage Business Cloud Accounting 4.2 Based on 439 Ratings Xero Vs Sage Business Cloud Accounting	QuickBooks Payroll 4.4 Based on 626 Ratings Sage Accounting (Sage One) 4.5 Based on 3173 Ratings Wave Vs Sage Accounting (Sage One) WavePayroll 4.4 Based on 69 Ratings Quickbooks 4.2 Based on 23468 Ratings Wave Vs Quickbooks Freshbooks 4.4 Based on 6280 Ratings Wave Vs Freshbooks
	View All Quickbooks Alternatives	View All Freshbooks Alternatives	View All Xero Alternatives	View All Wave Alternatives

Screenshots & Videos

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Vendor information

Company Details

Located in: Mountain View, California

Located in: Toronto, Canada

Located in: Wellington, New Zealand

Located in: Ontario, Canada

Contact Details

Not available

https://quickbooks.intuit.com/

+1 866-303-6061

https://www.freshbooks.com/

Not available

https://www.xero.com/

Not available

https://www.waveapps.com/

Social Media Handles

Linkedin 86K

Twitter 62K

Facebook 1M

Instagram 80K

Google Play 578K

Linkedin 86K

Twitter 210

Facebook 69K

Instagram 11K

Youtube 6K

Linkedin 307K

Twitter 79K

Facebook 226K

Instagram 64K

Youtube 88K

Linkedin 15K

Twitter 19K

Facebook 21K

Instagram 5K

Youtube 13K

FAQs

What are the key differences between Quickbooks, Freshbooks, Xero, and Wave?

Quickbooks is a comprehensive accounting software with a wide range of features, Freshbooks is tailored for small businesses and freelancers, Xero is a cloud-based accounting software with real-time financial data, and Wave is an affordable accounting software with a focus on small businesses.

What are the alternative products to Quickbooks?

The top alternatives to Quickbooks are Sage Accounting (Sage One), Zoho Books, Xero, Wave, and Sage Business Cloud Accounting.

Which product is best suited for small businesses?

Freshbooks and Wave are both well-suited for small businesses due to their user-friendly interfaces, affordable pricing, and features tailored to small business needs.

What are the key features offered by Xero?

Xero offers a range of features including accounts payable, accounts receivable, bank reconciliation, billing and invoicing, cash management, expense tracking, fixed asset management, general ledger, multi-currency, payroll, project accounting, purchasing, revenue recognition, spend management, and tax management.

What are the advantages of using Wave?

Wave offers affordability, ease of use, and features like invoicing, accounting, and receipt scanning without any charges, making it a cost-effective option for small businesses.