Comparison
Wave AccountingvsXero
Feature Comparison
| Feature | Wave Accounting | Xero |
|---|---|---|
| Bank reconciliation | ✓ | ✓ |
| Expense tracking | ✓ | ✓ |
| Financial reports | ✓ | ✓ |
| Free plan | ✓ | ✗ |
| Inventory tracking | ✗ | ✓ |
| Invoicing | ✓ | ✓ |
| Mobile app | ✓ | ✓ |
| Multi-currency | ✗ | ✓ |
| Payroll | ✓ | ✓ |
| Tax preparation | ✗ | ✓ |
| Third-party integrations | ✗ | ✓ |
| Time tracking | ✗ | ✗ |
Wave Accounting Pricing
Starter
Free
Pro
$19.00/mo
Xero Pricing
Early
$25.00/mo
Growing
$55.00/mo
Established
$90.00/mo
Wave Accounting
Pros
- Free core features
- Unlimited invoicing and users
- Easy to use for beginners
Cons
- No advanced features like inventory
- Limited customer support
Xero
Pros
- Multi-currency support
- Extensive app integrations
- Unlimited users on all plans
- User-friendly interface
Cons
- Higher tiers pricey
- Entry plan limits invoices/bills
- Limited phone support
The Verdict
Wave Accounting and Xero are neck and neck — both score within a fraction of each other on our DuelStack rating. Wave Accounting stands out for free core features, while Xero edges ahead on unlimited users on all plans. On budget alone, Wave Accounting wins (starts at $19/mo). Either is a solid choice — pick the one that fits your workflow.