Wave vs. Xero

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Wave has invoicing and accounting, starting at free

Our plans start at $0/month. And you can easily upgrade or add-on more features, anytime.

A suite of money management features

Wave is more than powerful invoicing and accounting. Our plans + add-on features include online payments, payroll, coaching, and more.

Set-up is quick and easy

We don’t believe in trials or demos to get started. You just create your account, set up your business in minutes, and see for yourself.

Everything you need to confidently run your business.

Try Wave for free

Wave vs. Xero

Wave's Starter and Pro plans are affordable ways to set up invoicing and accounting solutions for your business.

Wave plans

Xero (all plans)

Pricing
$0-$20 CAD/month
$9-$60/month
Track income and expenses
Capture and organize receipts
with Pro or a subscription to our receipts feature
Track sales taxes
Invoice & accept payments
Invoice customization
Run basic reports
Connect your bank account
with Pro
Payment processing
1% per bank payment (ACH/EFT); credit cards starting at 2.9% + $0.60 per transaction. Or unlock a 2.9% + $0 rate for the first 10 transactions of every month with Pro.
$9-$70/month, plus processing fees from third parties like Paypal and Stripe
Add partners or accountants as collaborators
with Pro
Manage and pay bills
$9/month for 5 bills
Unlimited invoices & estimates
Accountant-approved reporting

Customers love Wave

4.4 out of 5 stars based on user reviews collected by G2Crowd as of January 2024.

Star iconStar iconStar iconStar iconIcon of half filled star
4.4 out of 5 stars

Simplicity of use meets perfect design—kudos to your UX team! Saving me from Quickbooks and Xero.

Chas Sweeting - AI startup Co-founder & CEO

Everything you need to confidently run your business.

Try Wave for free

Wave vs. Xero

Here's why we think you'll love Wave.

Accounting

Powerful, cloud-based accounting software that perfectly integrates with Wave’s suite of money management tools to help you run your business better. Designed to be easy for freelancers and small business owners to use, while making accountants happy with robust reports and functionality.

Invoicing

Professional, customizable invoices that are quick and easy to create. Send invoices on-the-go using Wave’s mobile app, which automatically syncs to your accounting records so your bookkeeping is already done. Send unlimited recurring invoices to as many customers as you want.

Online payments

Flexible billing to suit any customer. Time-saving features like scheduled payment reminders and automatic credit card payments. Connects seamlessly with Wave’s invoicing and accounting software, so you’ll always have the information you need in one place. Starting at 2.9% + $0.60 per transaction.

With the Pro Plan, get unlimited, secure, and reliable bank connections**, and you can unlock rates starting at 2.9% + $0* for the first 10 credit card transactions each month and—until June 3, 2024—you can process unlimited credit card transactions for the same rate.

1 Rates are 1% for bank payments (minimum fee of $1). For information on credit card rates, visit Pricing for details.

Plans to make
your plans happen.

Save $20
Save $22
starter
Plan

Just starting your business or looking for the basics? This is the place.

$0
Get started now
  • Create unlimited estimates, invoices, bills, and bookkeeping records

  • Option to accept online payments

  • Invoice on-the-go via the Wave app

  • Manage cash flow and customers in one dashboard

pro
Plan
Recommended

Want to look more polished, save more time, and conquer cash flow? It’s Pro time.

$16/month
Billed monthly
$20CAD/month
Billed monthly
Get started now
Everything in Starter, plus….
  • Option to accept online payments at a discounted rate

  • Auto-import bank transactions

  • Auto-merge and categorize bank transactions

  • Digitally capture unlimited receipts and track expenses

  • Automate late payment reminders

  • And more!

starter
Plan
$0
Get started now
  • Create unlimited estimates, invoices, bills, and bookkeeping records

  • Option to accept online payments

  • Invoice on-the-go via the Wave app

  • Manage cash flow and customers in one dashboard

pro
Plan
Recommended
$16/month
Billed monthly
$20CAD/month
Billed monthly
Get started now
Everything in Starter, plus….
  • Option to accept online payments at a discounted rate

  • Auto-import bank transactions

  • Auto-merge and categorize bank transactions

  • Digitally capture unlimited receipts and track expenses

  • Automate late payment reminders

  • And more!

starter
Plan

Just starting your business or looking for the basics? This is the place.

$0
Get started now
  • Create unlimited estimates, invoices, bills, and bookkeeping records

  • Option to accept online payments

  • Invoice on-the-go via the Wave app

  • Manage cash flow and customers in one dashboard

pro
Plan
Recommended

Want to look more polished, save more time, and conquer cash flow? It’s Pro time.

$220CAD/year

Billed annually

$170/year

Billed annually

Get started now
Everything in Starter, plus….
  • Option to accept online payments at a discounted rate

  • Auto-import bank transactions

  • Auto-merge and categorize bank transactions

  • Digitally capture unlimited receipts and track expenses

  • Automate late payment reminders

  • And more!

starter
Plan
$0
Get started now
  • Create unlimited estimates, invoices, bills, and bookkeeping records

  • Option to accept online payments

  • Invoice on-the-go via the Wave app

  • Manage cash flow and customers in one dashboard

pro
Plan
Recommended
$220CAD/year

Billed annually

$170/year

Billed annually

Get started now
Everything in Starter, plus….
  • Option to accept online payments at a discounted rate

  • Auto-import bank transactions

  • Auto-merge and categorize bank transactions

  • Digitally capture unlimited receipts and track expenses

  • Automate late payment reminders

  • And more!

*Active subscription required. While subscribed to Wave’s Pro Plan, get 2.9% + $0 (Visa, Mastercard, Discover) and 3.4% + $0 (Amex) per transaction for an unlimited number of transactions during the offer period. After the offer ends: over 10 transactions per month at 2.9% + $0.60 (Visa, Mastercard, Discover) and 3.4% + $0.60 (Amex) per transaction. Discover processing is only available to US customers. See full terms and conditions

**We use Plaid to facilitate bank connections. Not all financial institutions are supported so we can’t guarantee that you will be able to connect an account. Check Plaid's troubleshooting guide for more information or learn more about how bank connections work at Wave.

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