Home/Accounting Software/Quickbooks vs Zoho Books vs Xero vs WaveUpdated on: April 19, 2024

Compare Quickbooks vs Zoho Books vs Xero vs Wave

98% The SW Score ranks the products within a particular category on a variety of parameters, to provide a definite ranking system. Read More Remove
94% The SW Score ranks the products within a particular category on a variety of parameters, to provide a definite ranking system. Read More Remove
Zoho Books
Zoho Books Accounting Software (1112 Ratings)
96% The SW Score ranks the products within a particular category on a variety of parameters, to provide a definite ranking system. Read More Remove
Xero
Xero Accounting Software (5732 Ratings)
96% The SW Score ranks the products within a particular category on a variety of parameters, to provide a definite ranking system. Read More Remove
Wave
Wave Accounting Software (2631 Ratings)
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98% The SW Score ranks the products within a particular category on a variety of parameters, to provide a definite ranking system. Read More Remove
94% The SW Score ranks the products within a particular category on a variety of parameters, to provide a definite ranking system. Read More Remove
Zoho Books

Zoho Books

Accounting Software (1112 Ratings)
96% The SW Score ranks the products within a particular category on a variety of parameters, to provide a definite ranking system. Read More Remove
Xero

Xero

Accounting Software (5732 Ratings)
96% The SW Score ranks the products within a particular category on a variety of parameters, to provide a definite ranking system. Read More Remove
Wave

Wave

Accounting Software (2631 Ratings)
Start Free Trial

Start Free Trial

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Overview

Summary

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. ..show more

Zoho Books is a simple and affordable accounting software that specializes in keeping a detailed track of the cash flow of your business and helping you track your expenses and income. The software also provides you with multi-currency features that is helpful for an organization making transactions in multiple currencies across the globe. Zoho Books also offers professional invoice services along with a tax filing portal that allows you to directly file your returns. The software also provides other accounting services like Bank Reconciliation, and handling your general and accounts, letting you concentrate more on the core activities. ..show 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. ..show 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. ..show more

Features

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

TECHNICAL DETAILS

Access Monitoring

24/7 (Live rep)

Business Hours

Online

Contact Number/Address

Mountain View, California

Pleasanton, California / +1 844-316-5544

Wellington, New Zealand

Ontario, Canada

API

Deployment

SaaS/Web/Cloud

Mobile - Android

Mobile - iOS

Installed - Windows

Installed - Mac

Customers

Individuals

Freelancers

Large Enterprises

Medium Business

Small Business

Pricing

Pricing Model

Free Trial

Freemium

One-time license

Open-source

Subscription

Quotation Based

Plans

Simple Start
$25 /Month

$12.5 per month billed for 3 months

Features

  • Track income & expenses
  • Invoice & accept payments
  • Maximize tax deductions
  • Run general reports
  • Capture & organize receipts
  • Track miles
  • Manage cash flow
  • Track sales & sales tax
  • Send estimates
  • Manage 1099 contractors
  • Receipt capture
  • QuickBooks support
  • App integration

Note : Bookkeeping Setup - Add $50 one-time session

  • Connect your banks and credit cards
  • Automate the tasks you perform most
  • Learn best practices to use QuickBooks with confidence
Essentials
$50 /Month

$25 per month billed for 3 months

Features

  • Track income & expenses
  • Invoice & accept payments
  • Maximize tax deductions
  • Run enhanced reports
  • Capture & organize receipts
  • Track miles
  • Manage cash flow
  • Track sales & sales tax
  • Send estimates
  • Manage 1099 contractors
  • Includes 3 users
  • Manage & pay bills
  • Track time
  • Receipt capture
  • QuickBooks support
  • App integration
Plus
$80 /Month

$40 per month billed for 3 months

Features

  • Track income & expenses
  • Invoice & accept payments
  • Maximize tax deductions
  • Run comprehensive reports
  • Capture & organize receipts
  • Track miles
  • Manage cash flow
  • Track sales & sales tax
  • Send estimates
  • Manage 1099 contractors
  • Includes 5 users
  • Manage & pay bills
  • Track time
  • Track inventory
  • Track project profitability
  • Receipt capture
  • QuickBooks support
  • App integration
Advanced
$180 /Month

$90 per month billed for 3 months

Features

  • Track income & expenses
  • Invoice & accept payments
  • Maximize tax deductions
  • Run most powerful reports
  • Capture & organize receipts
  • Track miles
  • Manage cash flow
  • Track sales & sales tax
  • Send estimates
  • Manage 1099 contractors
  • Includes 25 users
  • Manage & pay bills
  • Track time
  • Track inventory
  • Track project profitability
  • Business analytics & insights
  • Batch invoices & expenses
  • Customize access by role
  • Exclusive Premium Apps (New)
  • Dedicated account team
  • On-demand online training
  • Automate workflows
  • Restore company data
  • Receipt capture
  • QuickBooks support
  • App integration
Self-Employed
$15 /Month

$7.50 per month billed for 3 months

QuickBooks gives self starters the features they need to get ahead. Stay tax-time ready all year, uncover tax deductions, and keep tabs on your finances on the go.

Features

  • Track income & expenses
  • Capture & organize receipts
  • Estimate quarterly taxes
  • Track miles
  • Run basic reports
View Price Page
Free
Free

<50K USD per annum

For businesses with revenue

Features

  • 1 User + 1 Accountant
  • Manage Clients
  • Manage Invoices (Up to 1,000 per annum)
  • Client Portal
  • Online/Offline Payments
  • Automate Payment Reminders
  • Multi-lingual Invoicing
  • Credit Notes
  • Recurring Invoices
  • Expenses & Mileage Tracking
  • Add Multiple Bank and Credit Card Accounts
  • Import Bank and Credit Card Statements
  • Bank Rules & Reconciliation
  • Chart of Accounts & Sub-accounts
  • Manual Journals
  • Reports
  • Invoice Customization
  • Manage 1099 Contractors
  • Payment Gateways
  • Integrations
    • Zoho Apps
    • Other Apps
  • Support : Email
Standard
$20 /Month

per Organization

Features

  • Invite 3 Users
  • Includes features of Free plan, plus
  • Manage Invoices (Up to 5,000)
  • Recurring Expenses
  • Connect and fetch bank & credit card feeds via bank feeds provider
  • Predefined User Roles
  • Track Project Expenses and Invoice
  • Bulk Updates
  • Transaction Locking
  • Custom Views
  • Custom Fields
  • Reporting Tags
  • Track Sales Tax
  • Payment Gateways
  • Integrations
    • Avalara
    • Zendesk
  • Support : Email, Voice, Chat

Add-ons

  • Users (Add an additional user) : $3 per User per Month
  • Advanced Autoscans : $10 (50 Scans per month)
  • Snail Mails : $2 per credit
Professional
$50 /Month

per Organization

Features

  • Invite 5 Users
  • Includes features of Standard plan, plus
  • Sales Approval
  • Retainer Invoices
  • Bills
  • Payments Made
  • Vendor Credits
  • Recurring Bills
  • Sales Orders
  • Purchase Orders
  • Purchase Approval
  • Multi-currency Handling
  • Automatic Exchange Rates
  • Currency Adjustments
  • Stock Tracking
  • Price Lists
  • Landed Costs
  • Custom Roles
  • Time tracking and billing
  • Timesheet Approvals
  • Timesheet - Client Approvals
  • Retainer Invoices for Projects
  • Project Profitability
  • Journal Templates
  • Recurring Journals
  • Workflow Rules (Up to 10)
  • Email Alerts
  • In-app Notifications
  • Field Updates
  • Support : Email, Voice, Chat
  • Includes features of Add-ons
Premium
$70 /Month

per Organization

Features

  • Invite 10 Users
  • Includes features of Professional plan, plus
  • Custom Domain
  • Vendor Portal
  • Budgeting
  • Custom Buttons
  • Validation Rules
  • Related Lists
  • WebTabs
  • Custom Functions
  • Custom Schedulers
  • Webhooks
  • Workflow Rules (Up to 200)
  • Integrations
    • Zoho Sign
    • Twilio
  • Support : Email, Voice, Chat
  • Includes features of Add-ons
Elite
$150 /Month

$120 Per Organization/Month/Billed Annually

$150 Per Organization/Month/Billed Annually

Features

  • Invite 10 Users
  • Includes everything in Premium +
  • Unlimited Custom Reports
  • Multi-currency Transactions for Each Contact

Advanced Inventory Control

  • Integrate Shopify Stores (Up to 2 stores)
  • Warehouse Management (Up to 5 warehouses)
  • Serial Number Tracking
  • Batch Tracking
  • Print Shipping Label
  • Shipment Tracking

Support

  • Email, Voice, Chat
View Price Page
Early
$11 /Month

Good for sole traders, new businesses, and the self-employed

Features

  • Send quotes and 20 invoices
  • Enter 5 bills
  • Reconcile bank transactions
  • Capture bills and receipts with Hubdoc
  • Short-term cash flow and business snapshot
  • 24/7 online support

Optional Add-ons

  • Payroll with Gusto from $39 per month
Growing
$32 /Month

Good for growing small businesses

Features

  • Send invoices and quotes
  • Enter bills
  • Reconcile bank transactions
  • Capture bills and receipts with Hubdoc
  • Bulk reconcile transactions
  • Short-term cash flow and business snapshot
  • 24/7 online support
  • Includes features of Add-ons
Established
$62 /Month

Good for established businesses

Features

  • Send invoices and quotes
  • Enter bills
  • Reconcile bank transactions
  • Capture bills and receipts with Hubdoc
  • Bulk reconcile transactions
  • Use multiple currencies
  • Track projects
  • Claim expenses
  • Analytics Plus – Get advanced insights
  • 24/7 online support
  • Includes features of Add-ons
View Price Page
Free Plan
Free

Features

  • Accounting software
    • Unlimited income and expense tracking
    • Track sales tax on income and expenses
    • Add unlimited partners, collaborators or accountants
    • Fully functional double-entry system. Generate financial statements for year-end
    • Powerful reports on Overdue Invoices & Bills, Cash Flow, Profit & Loss and more
    • Unlimited bank and credit card connections
    • Easily organize income and expenses into tax categories
    • Run multiple businesses in one account
    • Instantly see how your business is performing on your dashboard
  • Receipt scanning
    • Unlimited receipt scanning with our free mobile app
    • Integrate seamlessly with the accounting software by Wave
    • Capture receipts even when you’re offline
    • Say goodbye to paper receipts and spreadsheets
    • Snap a photo of your receipt, we'll automatically fill in the rest
    • Available on Android and iOS
    • Incorporate receipts into your accounting reports
    • Scan multiple receipts all at once
    • No setup fees, monthly fees, or hidden fees
View Price Page

SCREENSHOTS

Quickbooks Screenshots
View 4 screenshot(s)
Zoho Books Screenshots
View 1 screenshot(s)
Xero Screenshots
View 3 screenshot(s)
Wave Screenshots
View 2 screenshot(s)

ALTERNATIVES

Top alternatives to Quickbooks

Quicken
Quicken
Microsoft Excel
Microsoft Excel
Sage Accounting (Sage One)
Sage Accounting (Sage One)
SAP S/4HANA Finance (SAP Simple Finance)
SAP S/4HANA Finance (SAP Simple Finance)
Freshbooks
Freshbooks

Top alternatives to Zoho Books

Odoo Accounting
Odoo Accounting
Zoho Billing
Zoho Billing
SAP S/4HANA Finance (SAP Simple Finance)
SAP S/4HANA Finance (SAP Simple Finance)
Zoho Inventory
Zoho Inventory
Vyapar
Vyapar

Top alternatives to Xero

Freshbooks
Freshbooks
Sage Accounting (Sage One)
Sage Accounting (Sage One)
Microsoft Excel
Microsoft Excel
Zoho Books
Zoho Books
Tally
Tally

Top alternatives to Wave

Ray by Practo
Ray by Practo
T Sheets
T Sheets
Particle
Particle
Dynamic Signal
Dynamic Signal
Quickbooks
Quickbooks