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 23,331 user ratings

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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

Freshbooks

Accounting Software

4.3 3,291 user ratings

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97% 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 6,914 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

Wave

Accounting Software

4.1 1,832 user ratings

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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 $30.00.	Free Trial Available Starts at $7.60. Offers Custom plan.	Free Trial Available Starts at $4.50.	Free Trial Not Available Starts at $14.16. 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 96% Momentum 73% Popularity 89%	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 100% Reviews 94% Momentum 60% Popularity 87%	97% 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 98% Reviews 95% Momentum 64% 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 88% Momentum 69% 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	16 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 + 13 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 23,331 user ratings	4.3/5 3,291 user ratings	4.3/5 6,914 user ratings	4.1/5 1,832 user ratings
Rating Distribution	Excellent 64.5% Very Good 15% Average 4.5% Poor 3% Terrible 12.9%	Excellent 56.7% Very Good 28.4% Average 5.5% Poor 3.1% Terrible 6.3%	Excellent 67.7% Very Good 14.9% Average 4.5% Poor 3.1% Terrible 9.9%	Excellent 49.3% Very Good 34.1% Average 5.3% Poor 2.5% Terrible 8.7%
User Sentiments	Ease of Use, Comprehensive Reporting, Extensive Integrations, Invoice Management Customer Support, Subscription Model, Software Performance, Limited Features for Large Businesses	Ease of use, Intuitive Interface, Excellent Customer Support, Robust Reporting Price Increases, Mobile App Issues, Lack of Integrations, Bank Syncing Issues	User Friendly Interface, Extensive Integrations, Automated Bank Feeds, Comprehensive Reporting Unreliable Bank Feeds, Slow Support Response Times, Limited User Permissions, Lack of Phone Support	Ease of Use, Free Accounting Software, Professional Invoicing, Automated Recurring Invoices Unreliable Payment Processing, Poor Customer Support, Inadequate Bank Synchronization, Limited Mobile App Functionality
Review Summary	QuickBooks Desktop Pro is praised for its user-friendliness, ease of navigation, and robust features. Users appreciate its ability to handle accounting, payroll, and invoicing, with many finding it simple to use even without prior accounting experience. However, some users report slow performance, particularly with large files and multiple users, and some dislike the shift to a subscription-only model. Additionally, customer support is often cited as a weak point, with users finding it difficult to get timely and effective assistance.	FreshBooks receives positive reviews for its ease of use and user-friendly interface, particularly for invoicing and time tracking. Users appreciate the intuitive design, professional-looking invoices, and the ability to accept payments online. However, some users report issues with the mobile app, bank reconciliation, and limitations in customization options. The pricing structure is also a point of contention, with some users finding it expensive for the features offered. Overall, FreshBooks is well-regarded for its straightforward functionality and effective billing solutions, making it a popular choice for freelancers and small businesses.	User reviews of Xero are mixed. While many praise its ease of use, seamless integration with other platforms, and robust features for small businesses, they often express frustration with unreliable bank feeds, slow customer support response times, and lack of essential functionalities. Some users find the new invoicing system cumbersome, while others appreciate the help provided by Xero's support team, especially when it comes to technical issues. Overall, Xero is a powerful accounting software for small businesses but has drawbacks in its customer support and recent feature updates.	Wave Apps receives overwhelmingly negative reviews, particularly regarding its customer service and payment processing. Users complain of difficulties accessing funds, unreliable bank connections, and a lack of responsiveness from support. The free accounting software is lauded for its simplicity and basic functionality, but many users find the platform lacking in advanced features and have ultimately switched to paid software like QuickBooks.
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
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Pricing

Pricing Options	Free Trial Available Starts at $30.00.	Free Trial Available Starts at $7.60. Offers Custom plan.	Free Trial Available Starts at $4.50.	Free Trial Not Available Starts at $14.16. Offers Free-forever plan.
Pricing Plans Monthly Plans Annual Plans	Simple Start $30.00 $30.00 per month Essentials $60.00 $60.00 per month Plus $90.00 $90.00 per month Advanced $200.00 $200.00 per month	Lite $7.60 $7.60 per month Plus $13.20 $13.20 per month Premium $24.00 $24.00 per month Select Custom	Early $4.50 $4.50 per month Growing $12.60 $12.60 per month Established $23.40 $23.40 per month	Starter Plan Free PRO Plan $14.16 $16.00 per month
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Alternatives

	Sage Accounting (Sage One) 4.7 Based on 16341 Ratings Quickbooks Vs Sage Accounting (Sage One) Xero 4.3 Based on 6914 Ratings Quickbooks Vs Xero Zoho Books 4.3 Based on 734 Ratings Quickbooks Vs Zoho Books Sage Business Cloud Accounting 4.2 Based on 439 Ratings Quickbooks Vs Sage Business Cloud Accounting Freshbooks 4.3 Based on 3291 Ratings Quickbooks Vs Freshbooks	Xero 4.3 Based on 6914 Ratings Freshbooks Vs Xero Zoho Books 4.3 Based on 734 Ratings Freshbooks Vs Zoho Books Wave 4.1 Based on 1832 Ratings Freshbooks Vs Wave Quickbooks 4.2 Based on 23331 Ratings Freshbooks Vs Quickbooks QuickBooks Online Advanced 4.5 Based on 563 Ratings Freshbooks Vs QuickBooks Online Advanced	Sage Accounting (Sage One) 4.7 Based on 16341 Ratings Xero Vs Sage Accounting (Sage One) Zoho Books 4.3 Based on 734 Ratings Xero Vs Zoho Books Quickbooks 4.2 Based on 23331 Ratings Xero Vs Quickbooks Freshbooks 4.3 Based on 3291 Ratings Xero Vs Freshbooks Sage Business Cloud Accounting 4.2 Based on 439 Ratings Xero Vs Sage Business Cloud Accounting	Sage Accounting (Sage One) 4.7 Based on 16341 Ratings Wave Vs Sage Accounting (Sage One) Reach Accountant 4.7 Based on 3 Ratings Wave Vs Reach Accountant Freshbooks 4.3 Based on 3291 Ratings Wave Vs Freshbooks Quickbooks 4.2 Based on 23331 Ratings Wave Vs Quickbooks QuickFile 4.8 Based on 2605 Ratings Wave Vs QuickFile
	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/

1-888-674-3175

https://www.freshbooks.com/

Not available

https://www.xero.com/

Not available

https://www.waveapps.com/

Social Media Handles

Linkedin 115K

Twitter 30

Facebook 1M

Instagram 94K

Google Play 605K

Linkedin 87K

Twitter 210

Facebook 70K

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.