Home/Accounting Software/Wave vs Liquid AccountsUpdated on: March 28, 2024

Compare Wave vs Liquid Accounts

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 (1243 Ratings)
78% The SW Score ranks the products within a particular category on a variety of parameters, to provide a definite ranking system. Read More Remove
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
Freshbooks
Freshbooks Accounting Software (3391 Ratings)
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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 (1243 Ratings)
78% The SW Score ranks the products within a particular category on a variety of parameters, to provide a definite ranking system. Read More Remove
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
Freshbooks

Freshbooks

Accounting Software (3391 Ratings)
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Overview

Summary

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

Liquid Accounts is an online accounting software for SME businesses, bookkeepers, and accountants. The power and modularity of Liquid Accounts mean it is the perfect scaleable tool for sole traders all the way up to larger international organisations who require advanced features that no other online competitor can match. ..show 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. ..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

Ontario, Canada

Oldham, United Kingdom / 0161 413 5050

Toronto, Canada / +1 866-303-6061

API

N/A

Deployment

SaaS/Web/Cloud

Mobile - Android

Mobile - iOS

Mobile - Windows

Mobile - BlackBerry

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

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
Liquid Express
Others

£ 20 per month

Features

  • Single Company
  • Single User
  • Unlimited Bank Transactions
  • Unlimited bills and invoicing
  • Automated Bank Feeds - easy reconciliations
  • VAT submission direct to HMRC via MTD
  • Multi-currency
  • Telephone and Web Support
  • Job costing & timesheets - £10 per month addon
  • Advanced Nominal Report Writer - £10 per month addon
Liquid Enterprise
Others

£ 40 per month

Features

  • Includes features of Liquid Express plan, plus
  • Single Company-add more companies for £10 per month
  • Multi-user, up to 5 users-add 5 more users for £10 per month
  • Sales order processing
  • Purchase order processing
  • Standard Stock
  • Advanced Nominal-segmented ledger, up to 5 levels
  • Salesman-Commission calculator
  • Capsule CRM
Liquid Enterprise Optional Modules
Others

£ 10+ per month

Features

  • Advanced Stock - £20 per month
  • Bills of Material
  • Multi warehousing
  • Stock costing
  • Multiple Bin locations
  • Job costing & timesheets (£10 per month)
  • Advanced Nominal Report
  • Writer - £10 per month
  • Company Accounts Consolidation
  • for Groups (£20 per month, up to 5 co's)
  • Additional company - £10 per month
  • Additional 5 users - £10 per month
  • Ecommerce - we support
  • Shopify, Magento, eBay
  • PayPal, SumUp, Woo
  • Complete bespoke software
  • development service
  • making sure Liquid
  • meets your business needs
View Price Page
Lite
$15 /Month

Features

  • 5 Billable Clients (Send unlimited invoices to up to 5 clients)
  • Track unlimited expenses
  • Send unlimited estimates
  • Get paid with credit cards and bank transfers
  • Track sales tax & see reports
  • Access anywhere on iOS and Android
Plus
$30 /Month

Features

  • 50 Billable Clients
  • Send unlimited invoices to up to 50 clients
  • Automatically track expenses
  • Send unlimited estimates and proposals
  • Get paid with credit cards and bank transfers
  • Set up recurring billing and client retainers
  • Run business health reports
  • Double-entry accounting reports
  • Invite your accountant
  • Access anywhere on iOS and Android
  • Mobile mileage tracking
Premium
$55 /Month

Features

  • Unlimited Billable Clients
  • Send unlimited invoices to an unlimited amount of clients
  • Track Bills, Bill Payments & Vendors with Accounts Payable
  • Track project profitability
  • Customize email templates with dynamic fields
  • Customize email signatures
  • Automatically track expenses
  • Automatically send late payment reminders and bill late fees
  • Send unlimited estimates and proposals
  • Get paid with credit cards and bank transfers
  • Get paid with checkout links
  • Set up recurring billing and client retainers
  • Run business health reports
  • Run financial and accounting reports
  • Invite your accountant
  • Access anywhere on iOS and Android
  • Mobile mileage tracking
Select
Custom

Features

  • Unlimited Billable Clients and Specialized Features
  • Send unlimited invoices to an unlimited amount of clients
  • Access to lower credit card transaction rates
  • Info Tooltip
  • Start with 2 team member accounts
  • Get a dedicated account manager
  • Get help migrating from other software
  • Set up your account with custom onboarding services
  • Remove FreshBooks branding from client emails
  • Contact us with a dedicated support number
  • Get paid with credit cards, bank transfers, and checkout links
  • Set up recurring billing, subscriptions and client retainers
  • Securely accept credit cards over the phone
  • Automatically track expenses
  • Automatically send late payment reminders and bill late fees
  • Invite your accountant
  • Run business health reports
  • Run financial and accounting reports
  • Access anywhere on iOS and Android
View Price Page

SCREENSHOTS

Wave Screenshots
View 2 screenshot(s)
Liquid Accounts Screenshots
View 1 screenshot(s)
Freshbooks Screenshots
View 9 screenshot(s)

ALTERNATIVES

Top alternatives to Wave

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

Top alternatives to Liquid Accounts

Quickbooks
Quickbooks
Freshbooks
Freshbooks
Xero
Xero
Wave
Wave
FreeAgent
FreeAgent