Top Alternative to Wave Accounting | Free & Paid

Alternative 2: FreshBooks | Best suit for self-employed

If you are a self-employed person and looking for an alternative to wave accounting, try FreshBooks. FreshBooks is one of the alternatives that help your business to manage easier. Its cloud-based service makes it easy to access financial reports and invoices wherever you are. Freshbooks also offers a mobile app that makes it easy to take care of bill pay needs on the go. It offers a 30-day free trial as well.

Features of FreshBooks

• Automatically track expenses
• Double-entry accounting reports
• Mobile mileage tracking
•  Set up both the recurring billing and client retainers
• Tracking project profitability
• Share unlimited invoices to an unlimited number of clients

Pricing of FreshBooks

FreshBooks offers 30 days free trial. It does not have any free plan to use. The pricing of FreshBooks is, $15 for the lite version, $25 for plus, $180 for premium, and also has customized pricing for businesses with complex needs. 

Alternative 3: Xero | Overall QuickBooks Alternative

Xero is not only a Wave alternative software but also an alternative accounting software for QuickBooks. This software helps you to understand what to do with your business transactions. It is a simple one, which is easy to understand. The Xero holds similar core accounting features as QuickBooks. Xero has several key features: invoicing, bank reconciliation, accounts payable, expense claims, fixed asset depreciation, and many more. 

Features of Xero:

• Claim expenses
• Share invoices and quotes
• Accept payments
• Reconcile bank transactions
• Payroll with Gusto
• Track reports
• Inventory management
• Track projects

Pricing of Xero

Xero offers 30 days free trial. It does not have any free version. The pricing of Xero’s early plan is $12 /month, the Growing plan is $34 /month, and the $65 for the established plan. 

Alternative 4: Sage | Versatile accounting software

The next on the list of wave accounting alternatives is Sage. Sage is one of the versatile cloud accounting software. It offers a robust cloud ecosystem that allows business owners to manage their finances. It also offers users core accounting activities like accounts receivable, vendor payments, invoicing, and banking reconciliation. This software is easy-to-use and well-equipped with functionalities such as inventory management, time tracking, and invoicing.

Features of Sage

• Can prepare and share invoices
• Manage purchase invoices
• Forecast cash flow
• Bank reconciliation
• Share quotes and estimates
• Organize purchase invoices

The sage application also holds the POS integration, HR tools, features of eCommerce, and features of sales and marketing.

Pricing of Sage:

The sage also will not offer any free plan to use. It offers 3 month free trial. Sage accounting software holds 2 plans – $10 /month for micro-business and self-employed people, $25 /month for small businesses. 

Alternative 5: Zoho Books | Best for Micro-businesses

Zoho Books is the next wave app alternative software. This accounting software holds around 40 business apps, including HR tools, reporting options, and CMS. It is simple, easy-to-use accounting software designed for small businesses to accept online payments, manage and pay bills, and create and send professional quotes and invoices. With Zoho Books you can experience the best way to manage your business finances – track expenses and sales, create recurring invoices, and connect to your bank.

Features of Zoho Books

• Purchase Orders
• Expenses & Mileage Tracking
• Warehouse Management (Up to 5 warehouses)
• Bill of Supply
• Multi-lingual Invoicing
• Recurring Invoices
• Project Profitability
• Recurring Journals

Pricing

The Zoho Books also acts as a free alternative to wave accounting, for a business individual who has an annual revenue of less than 25 lakhs. Excluding the free plan, it has 5 plans. The standard plan is $20 /month, the professional plan is $50 per month and for premium, it is $70 /month. It also holds elite and ultimate versions.

Alternative 6: QuickBooks | Suitable for Large Enterprise

QuickBooks software is used by small to larger businesses. It helps companies handle financial transactions such as inventory counts, invoice creation, accounts payable, and accounts receivable. It can handle routine tasks automatically, such as tracking late fees or sending payment reminders. With all of these features comes a very high price tag. Many small businesses or startups might not be able to afford to purchase this software.

Features of QuickBooks 

• Cash Flow Management
• Accounting Reports
• Invoicing and Billing
• Multiple Users
• Inventory management

Pricing

The QuickBooks has 30 days free trial version. The starting plan of the software is $25/month, for essentials $50/month, for plus $80/month, and for advanced it is $180/month. 

Alternative 7: Invoicera | Best for customized invoicing software

Invoicera is the dynamic wave accounting alternative. This accounting software will help businesses by expanding invoice production, managing ventures for the board, cost tracking, and estimating billable hours. With Invoicera you can integrate with the existing legacy setup. Invoicera provides businesses with complete software customization. If you are a medium size businesser or an enterprise business owner looking for customized invoicing software, Invoicera can be one of your options. 

Features of Invoicera

• Can add Multiple Businesses
• Unlimited Auto-Recurring Profile
• Customizable Invoice Templates
• Unlimited Time Tracking
• Automated Recurring Expense
• Scheduled Invoices
• Automated Late Payment Reminders

Pricing

The pricing of the Invoicera wave alternative looks expensive when you try to explore the better version. Invoicera Invoicing software has a free version, followed by Pro, Business, and Infinite. The Invoicera Pro version pricing is ₹2499 per year, the Business version pricing is ₹9999 per year and the infinite version pricing is ₹19999 per year. 

Alternative 8: Bonsai | The best suit for Freelancers

If you are a freelancer and looking for an alternative to wave apps, bonsai is suitable accounting software for your business. Bonsai has very good accounting features. With the help of this software, people can track all their billable expenses by preparing an expense, allocating those to the project, and hooking it to an invoice. Their reports will guide to an understanding of your business, by spending less amount of time.

Features of Bonsai 

• Accounting & taxes
• Both task tracking and time tracking
• Invoices
• Unlimited Clients & Projects
• Project Management
• Contracts

Pricing of Bonsai

Bonsai has only paid version. It does not have any free version to use the software as free. The pricing of Bonsai’s workflow costs $19 /month and workflow Plus costs $29 /month. With this software, you can also add additional users which cost $9 /month.

Alternative 9: FreeAgent | One pricing software

The last accounting software in the list of alternatives to wave accounting is FreeAgent. It is designed for small business owners. FreeAgent is a cloud-based software that provides hassle-free accounting by eliminating the need for backups and installing and updating accounts manually.

Features of FreeAgent

• Estimates and Invoices
• Expenses tracking
• Banking
• Project handling 
• Time tracking

Pricing of FreeAgent

The FreeAgent doesn’t offer any free plan for users. It includes 30 days free trial, followed by $10 /month for the next 6 months and finally $20 /month. It does not have multi pricing and plans.

FAQ’s

What can I use instead of Wave accounting?

Here are some of the alternatives to wave accounting to make your business management easy and effective. 

Alternative 1: mybooks | Simple Accounting Software

Alternative 2: FreshBooks | Best suit for self-employed

Alternative 3: Xero | Overall QuickBooks Alternative

Alternative 4: Sage | Versatile accounting software

Alternative 5: Zoho Books | Best for Micro-businesses

Alternative 6: QuickBooks | Suitable for Large Enterprise

Alternative 7: Invoicera | Best for customized invoicing software

Alternative 8: Bonsai | The best suit for Freelancers

Alternative 9: FreeAgent | One pricing software

Which is the best wave accounting alternative for free?

If you are a small to medium size businesser and looking for a wave alternative, then mybooks can be one of your choices. mybooks is one of the free alternatives to wave accounting software available for iOS, Android, and Web.

Why do people search for Wave alternative?

Wave accounting software is available only for US and Canada. If people are situated in a different country excluding US and Canada, then they must go for wave alternative. Businesses face lots of difficulties in support sides.

Which is the best alternative accounting for wave apps for small businesses?

As a small business owner, if you are looking for a healthy and efficient wave apps alternative, then mybooks will guide you to reach the right accounting business destination. Try mybooks for free.