QuickBooks Online vs Wave
A side-by-side look at QuickBooks Online and Wave: what each costs to start, whether there is a free plan, how easy they are to pick up, and which features and integrations they cover.
Which should you choose?
Choose QuickBooks Online if
- US small businesses that want the accounting system most bookkeepers and CPAs already use
- Product businesses that need inventory and project profitability (Plus and above)
- Companies with many third-party apps to connect
- Businesses planning to add payroll and payments from the same vendor
Choose Wave if
- Freelancers and side businesses that need invoices and basic books at no cost
- Very small service businesses in the US or Canada
- Users who prefer transaction fees over a monthly subscription
Cheapest to start
Not confirmed
Free plan
Wave
Highest editor rating
QuickBooks Online · 4.4
| Compare | QuickBooks Online |
|---|---|
| Free plan | No |
| Free trial | Yes |
| Starting price | From $38/mo |
| Editor rating | 4.4 |
| Ease of use | Moderate (3/5) |
| Category | Finance & Accounting |
| Pricing model | Four company-level plans priced $38 to $340 per month in the US, with user caps of 1, 3, 5 and 25. Payroll, time tracking and payments are separate add-ons, and list prices have increased most years. |
| Plans |
|
| Platforms | Web, Windows, macOS, iOS, Android, API |
| Integrations | Gmail, HubSpot, Mailchimp, Make, PayPal, Salesforce, Shopify, Zapier |
| Best for |
|
| Pros |
|
| Cons |
|
| API access | Yes |
| App marketplace | Yes |
| Bank connections | Yes |
| Expense tracking | Yes |
| Inventory management | Yes |
| Mobile app | Yes |
| Multi-currency invoicing | Yes |
| Payment processing | No |
| Payroll | Yes |
| Quotes & invoices | No |
| Recurring invoices | Yes |
| Reporting & dashboards | Yes |
| Tax reports | Yes |
| Time tracking | Yes |
Common questions
- Does QuickBooks Online or Wave have a free plan?
- Wave has a free plan. QuickBooks Online does not, though it offers a free trial.
- How long is the QuickBooks Online and Wave free trial?
- QuickBooks Online offers a 30-day free trial. Wave does not offer one.
- Which is easier to use, QuickBooks Online or Wave?
- In VERILO's editorial assessment Wave is the easier of the two, scoring 5 out of 5 against 3 for QuickBooks Online. That is a judgement about how quickly a new team gets productive, not a measured benchmark.
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- All Finance & Accounting software
- Best for send invoices and get paid
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- Best for accept online payments