Wave vs. QuickBooks: Which is best? [2024]

When it comes to accounting software, Wave and QuickBooks are two popular options that cater to different business needs. Wave is ideal for freelancers or small businesses requiring simple invoicing and accounting solutions, offering a free basic plan with paid add-ons. On the other hand, QuickBooks Online is geared towards medium to large businesses with more complex accounting needs, offering a range of features at a higher price point. Both platforms have comparable invoicing functionality, but Wave excels in user-friendliness, while QuickBooks boasts significantly more features, including time tracking, mileage tracking, and advanced reporting capabilities. Additionally, QuickBooks is integrating AI-powered features to enhance its functionality. Ultimately, the choice between Wave and QuickBooks depends on a business's specific needs and budget.