Wave vs QuickFile Comparison

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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88% 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

QuickFile

Accounting Software

4.8 2,605 user ratings

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Overview

Description	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	QuickFile is a cloud accounting software with a thoughtfully designed user-friendly interface. It is useful for small-scale investors to large-scale organizations, helping them to streamline their accounting related tasks with ease and manage customers on a fully automated system. Admins can put their invoice reminders on autopilot besides providing access to a completely branded portal, enabling seamless self-service on the go. The API of this software has been thoughtfully programmed to fit in with the various backend systems of an individual organization. Categories like Online payments, Rich Reporting, Bank Feeds, Backups, Estimates and Orders, Multicurrency etc are also of great help. This software even allows the creation of customised invoices for each of its clients, all of which are stored in the cloud and are easily accessible. The remote backup system runs every 15 minutes to ensure that no data is lost due to unforeseen technical disruptions. Read more
Pricing Options	Free Trial Not Available Starts at $14.16. Offers Free-forever plan.	Free Trial Not Available Offers Free-forever plan.
SW Score & Breakdown	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 91% Momentum 72% Popularity 91%	88% 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 88% Reviews 89% Momentum 68% Popularity 75%
SaaSworthy Awards	# 7 Fastest Growing # 4 Most Popular	# 18 Most Popular # 9 Highly Rated

Features

Total Features	17 Features	10 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 + 7 More - Show Less

Technical Details

Organization Types Supported	Individuals Freelancers Large Enterprises Medium Business Small Business	Individuals Freelancers Large Enterprises Medium Business Small Business
Platforms Supported	SaaS/Web/Cloud Mobile - Android Mobile - iOS	SaaS/Web/Cloud Mobile - Android Mobile - iOS
Modes of Support	Business Hours Online	Business Hours Online
API Support	Available	Available

Reviews & Ratings

User Rating	4.1/5 1,832 user ratings	4.8/5 2,605 user ratings
Rating Distribution	Excellent 49.3% Very Good 34.1% Average 5.3% Poor 2.5% Terrible 8.7%	Excellent 81.7% Very Good 16% Average 1.7% Poor 0.3% Terrible 0.3%
User Sentiments	Ease of Use, Free Accounting Software, Professional Invoicing, Automated Recurring Invoices Unreliable Payment Processing, Poor Customer Support, Inadequate Bank Synchronization, Limited Mobile App Functionality	Ease of Use, Comprehensive Functionality, Excellent Customer Support, Extensive Integrations Occasional Software Glitches, Limited Mobile App Functionality, Lack of Payroll Integration , Invoice Customization Limitations
Review Summary	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.	Overall, users find the software user-friendly and easy to navigate. It's praised for its intuitive interface, comprehensive features, and helpful customer support. Many users highlight its affordability and value for money, appreciating the range of features available at a reasonable price. However, some users have reported occasional glitches and bugs, as well as limitations in customization and reporting capabilities. Additionally, a few users have expressed concerns about data security and privacy, emphasizing the need for stronger measures to protect user information.
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Pricing

Pricing Options	Free Trial Not Available Starts at $14.16. Offers Free-forever plan.	Free Trial Not Available Offers Free-forever plan.
Pricing Plans Monthly Plans Annual Plans	Starter Plan Free PRO Plan $14.16 $16.00 per month	Extra Small, Small and Medium Free Large and Extra Large Others
	View Detailed Pricing	View Detailed Pricing

Alternatives

	Sage Accounting (Sage One) 4.7 Based on 16858 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 24150 Ratings Wave Vs Quickbooks QuickFile 4.8 Based on 2605 Ratings Wave Vs QuickFile	Xero 4.3 Based on 6914 Ratings QuickFile Vs Xero Quickbooks 4.2 Based on 24150 Ratings QuickFile Vs Quickbooks QuickBooks Online Advanced 4.5 Based on 563 Ratings QuickFile Vs QuickBooks Online Advanced Invoiced 4.7 Based on 470 Ratings AgenterBooks QuickFile Vs AgenterBooks
	View All Wave Alternatives	View All QuickFile Alternatives