HomeWave vs Xero
Updated March 2026 · Independent Analysis

WavevsXero

Wave starts at $16/mo, 36% cheaper than Xero's $25/mo. Wave is rated higher at 4.4/5 vs Xero's 4.3/5.

W
Wave

Free accounting, invoicing, and receipt scanning for small businesses

4.4/5Founded 20102M+ small businesses users
Try Wave Free →
X
Xero

Cloud-based accounting software for small businesses and accountants

4.3/5Founded 20064.2M+ subscribers users
Try Xero Free →

⚡ Quick Stats

Avg Rating
Wave4.4/5
Xero4.3/5
🏆 Wave wins
💰
Starting Price
Wave$16/mo
Xero$25/mo
🏆 Wave wins
🔧
Features
🏆 Wave wins
🎁
Free Plan
WaveYes ✓
🏆 Wave wins

📊 Ratings Breakdown

W

Wave

4.4/5 avg
G2 Score4.4/5
Capterra Score4.4/5
Overall Avg4.4/5
X

Xero

4.3/5 avg
G2 Score4.3/5
Capterra Score4.4/5
Overall Avg4.35/5

⚡ Quick Verdict

Independent analysis based on features, pricing, and user ratings

Choose Wave if you need:
  • Accounting
  • Receipt Scanning
  • Online Payments
  • Sales Tax Tracking
  • Recurring Invoicing
Try Wave Free →
Choose Xero if you need:
  • Bank Reconciliation
  • Expense Claims
  • Inventory
  • Purchase Orders
  • Project Tracking
Try Xero Free →

🔧 Feature Comparison

Wave uniquely offers Accounting, Receipt Scanning, Online Payments. Xero uniquely offers Bank Reconciliation, Expense Claims, Inventory. Both share 6 features including Invoicing, Bank Connections, Financial Reports.

Feature
Wave
Xero
Invoicing
Bank Connections
Financial Reports
Payroll
Multi-currency
Mobile App
Accounting
Receipt Scanning
Online Payments
Sales Tax Tracking
Recurring Invoicing
Customer Management
Estimates
Dashboard
Integrations
Bank Reconciliation
Expense Claims
Inventory
Purchase Orders
Project Tracking
Fixed Assets
Hubdoc (Receipt capture)
1000+ Integrations
Tax Filing
Total Features
15
15

💰 Pricing Comparison

Wave starts at $16/mo, 36% cheaper than Xero's $25/mo.

W

Wave Plans

Free tier available

Free (Accounting)
Free
  • Accounting
  • Invoicing
  • Receipt scanning
Pro (Accounting)Best Value
$16/mo
  • Bank connections
  • Receipt scanning
Payroll
$20/mo base
  • + $6/employee
  • Tax-filing states
Advisors
$149/mo
  • 1-on-1 coaching
  • Bookkeeping support
Full Wave pricing breakdown →
X

Xero Plans

Paid plans only

EarlyBest Value
$25/mo
  • 20 invoices
  • 5 bills
  • Bank reconciliation
Growing
$55/mo
  • Unlimited invoices
  • Bulk reconciliation
Established
$90/mo
  • Multi-currency
  • Expense claims
  • Advanced analytics
Full Xero pricing breakdown →
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❓ Frequently Asked Questions

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