Wave vs Zoho Books
A detailed comparison of Wave and Zoho Books to help you choose the right tool for your needs.
💰 Pricing Comparison
| Plan | Wave | Zoho Books |
|---|---|---|
| Free Tier | ✓ Free accounting and invoicing | ✓ Free for <$50K revenue |
| Lowest Paid | Free | $15/mo |
| Enterprise | Paid payroll available | $240/mo |
⚡ Feature Comparison
| Feature | Wave | Zoho Books |
|---|---|---|
| Accounting | ✓ | — |
| Invoicing | ✓ | ✓ |
| Receipt scanning | ✓ | — |
| Financial reports | ✓ | — |
| Bank connections | ✓ | — |
| Payments | ✓ | — |
| Payroll (paid) | ✓ | — |
| Multi-currency | ✓ | ✓ |
| Dashboard | ✓ | — |
| Mobile app | ✓ | ✓ |
| Expense tracking | — | ✓ |
| Bank reconciliation | — | ✓ |
| Inventory | — | ✓ |
| Time tracking | — | ✓ |
| Projects | — | ✓ |
| Purchase orders | — | ✓ |
| Tax compliance | — | ✓ |
| Open Source | ✗ | ✗ |
| Rating | ⭐ 4 | ⭐ 4.2 |
Pros & Cons
Wave
Pros
- ✓ Completely free
- ✓ Easy to use
- ✓ Good for basics
- ✓ Receipt scanning
Cons
- ✗ Limited features
- ✗ No inventory
- ✗ No time tracking
- ✗ Basic reporting
Zoho Books
Pros
- ✓ Free for small businesses
- ✓ Comprehensive features
- ✓ Zoho ecosystem
- ✓ Good value
Cons
- ✗ Complex interface
- ✗ Steep learning curve
- ✗ US features limited
- ✗ Support can be slow
🏆 The Verdict
Choose Wave if: You need freelancers and micro-businesses wanting free accounting. Wave excels with its completely free and easy to use.
Choose Zoho Books if: You need growing businesses in the zoho ecosystem. Zoho Books stands out with its free for small businesses and comprehensive features.
Best free option: Both Wave and Zoho Books offer free tiers. Wave offers "Free accounting and invoicing" while Zoho Books offers "Free for <$50K revenue".
❓ Frequently Asked Questions
Is Wave better than Zoho Books?
It depends on your needs. Wave is better for freelancers and micro-businesses wanting free accounting, while Zoho Books is better for growing businesses in the zoho ecosystem. Both are excellent tools rated 4 and 4.2 respectively.
Which is cheaper, Wave or Zoho Books?
Wave starts at Free while Zoho Books starts at $15/mo. Both offer free tiers.
Can I switch from Wave to Zoho Books?
Most tools offer import/export features to help you migrate. We recommend trying Zoho Books's free tier before fully committing to a switch.
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