HomeXero vs Wave
Updated March 2026 · Independent Analysis

XerovsWave

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.

X
Xero

Cloud-based accounting software for small businesses and accountants

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

Free accounting, invoicing, and receipt scanning for small businesses

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

⚡ Quick Stats

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

📊 Ratings Breakdown

X

Xero

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

Wave

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

⚡ Quick Verdict

Independent analysis based on features, pricing, and user ratings

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

🔧 Feature Comparison

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

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

💰 Pricing Comparison

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

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 →
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 →
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❓ Frequently Asked Questions

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