ProfitBooks vs Wave Accounting
Side-by-side comparison of features, pricing, and integrations.
Quick Verdict
ProfitBooks offers more features (65 vs 47) and fewer integrations (4 vs 30). Starting price: ProfitBooks at $9.95/mo vs Wave Accounting at Free. ProfitBooks has 60 unique features while Wave Accounting has 42 unique features, with 5 features in common.
| ProfitBooks | Wave Accounting | |
|---|---|---|
| Category | Accounting Software | Accounting Software |
| Total Features | 65 | 47 |
| AI-Powered Features | 0 | 6 |
| Starting Price | $9.95/mo | Free |
| Pricing Tiers | 4 | 3 |
| Integrations | 4 | 30 |
| Shared Features | 5 | |
| Shared Integrations | 0 | |
| Data Quality | 90% | 73% |
Feature Comparison by Category
Accessibility (1 vs 0)
| Feature | ProfitBooks | Wave Accounting |
|---|---|---|
| Cloud-based Access |
Account Management (0 vs 1)
| Feature | ProfitBooks | Wave Accounting |
|---|---|---|
| Multi-Account Support |
Accounting (3 vs 0)
| Feature | ProfitBooks | Wave Accounting |
|---|---|---|
| Chart of Accounts | ||
| Journal Entries | ||
| Record Non-Invoice Income |
Analytics (0 vs 2)
| Feature | ProfitBooks | Wave Accounting |
|---|---|---|
| Competitor Analysis | ||
| Financial Insights |
Automation (1 vs 0)
| Feature | ProfitBooks | Wave Accounting |
|---|---|---|
| Automated Email Reminders |
Bank Management (0 vs 1)
| Feature | ProfitBooks | Wave Accounting |
|---|---|---|
| Reconciliation Tools |
Banking (4 vs 0)
| Feature | ProfitBooks | Wave Accounting |
|---|---|---|
| Bank Reconciliation | ||
| Bank Statement Import | ||
| Deposit & Withdrawal Recording | ||
| Transfer Entries (Contra Entries) |
Banking Integration (0 vs 1)
| Feature | ProfitBooks | Wave Accounting |
|---|---|---|
| Bank Connections |
Billing (5 vs 0)
| Feature | ProfitBooks | Wave Accounting |
|---|---|---|
| Accounts Receivable Management | ||
| Allocation of Advance Payments | ||
| Customer-Specific Currency | ||
| Multi-currency Support | ||
| Record Advance Receipts |
Collaboration (0 vs 2)
| Feature | ProfitBooks | Wave Accounting |
|---|---|---|
| Client Collaboration | ||
| Invoicing for Teams |
Collections (0 vs 1)
| Feature | ProfitBooks | Wave Accounting |
|---|---|---|
| Invoice Reminders |
Customer Management (1 vs 1)
| Feature | ProfitBooks | Wave Accounting |
|---|---|---|
| Customer Portal |
Data Management (1 vs 1)
| Feature | ProfitBooks | Wave Accounting |
|---|---|---|
| Data Backup | ||
| Data Export |
Data Quality (0 vs 1)
| Feature | ProfitBooks | Wave Accounting |
|---|---|---|
| Duplicate Detection |
Expense Management (2 vs 8)
| Feature | ProfitBooks | Wave Accounting |
|---|---|---|
| Accounts Payable Management | ||
| Automated Bank Categorization | ||
| Expense Categories | ||
| Expense Management | ||
| Expense Policies | ||
| Expense Reimbursement | ||
| Expense Tracking | ||
| Mileage Tracking | ||
| Receipt Scanning | ||
| Vendor Management |
Financial Planning (0 vs 2)
| Feature | ProfitBooks | Wave Accounting |
|---|---|---|
| Budget Planning | ||
| Cash Flow Forecasting |
Income Management (0 vs 1)
| Feature | ProfitBooks | Wave Accounting |
|---|---|---|
| Income Tracking |
Integration (0 vs 1)
| Feature | ProfitBooks | Wave Accounting |
|---|---|---|
| API Access |
Integrations (2 vs 0)
| Feature | ProfitBooks | Wave Accounting |
|---|---|---|
| Payment Gateway Integrations | ||
| WhatsApp Integration |
International (0 vs 1)
| Feature | ProfitBooks | Wave Accounting |
|---|---|---|
| Multi-Currency Support |
Inventory (7 vs 1)
| Feature | ProfitBooks | Wave Accounting |
|---|---|---|
| Inventory Management | ||
| Inventory Wastage Tracking | ||
| Low Stock Alerts | ||
| Production Management | ||
| Purchase Order Management | ||
| Stock Transfer Management | ||
| Warehouse Management |
Invoicing (3 vs 9)
| Feature | ProfitBooks | Wave Accounting |
|---|---|---|
| Batch Invoice Processing | ||
| Billable Hours Invoicing | ||
| Estimate Builder | ||
| Estimates & Sales Orders | ||
| Invoice Creation | ||
| Invoice Customization | ||
| Invoice Scheduling | ||
| Invoice Templates | ||
| Invoice Templates & Customization | ||
| Invoicing & Billing | ||
| Invoicing Automations | ||
| Recurring Invoices |
Mobile (1 vs 1)
| Feature | ProfitBooks | Wave Accounting |
|---|---|---|
| Mobile App | ||
| Mobile App Access |
Payments (0 vs 1)
| Feature | ProfitBooks | Wave Accounting |
|---|---|---|
| Payment Processing |
Payroll (1 vs 1)
| Feature | ProfitBooks | Wave Accounting |
|---|---|---|
| Payroll Management | ||
| Payroll Processing |
Project Management (1 vs 1)
| Feature | ProfitBooks | Wave Accounting |
|---|---|---|
| Project Management | ||
| Project Tracking |
Reporting (14 vs 2)
| Feature | ProfitBooks | Wave Accounting |
|---|---|---|
| 45+ Filterable Reports | ||
| Aging Reports | ||
| Audit Trail | ||
| Balance Sheet | ||
| Cash Flow Statement | ||
| Custom Reports | ||
| Customer Statements | ||
| Employee Reports | ||
| Financial Reports | ||
| In-depth Inventory Reports | ||
| Inventory Valuation Reports | ||
| Profit & Loss Statement | ||
| Real-time Reporting | ||
| Sales Reports | ||
| Tax Reports |
Resources (1 vs 0)
| Feature | ProfitBooks | Wave Accounting |
|---|---|---|
| Business Blog |
Security (0 vs 3)
| Feature | ProfitBooks | Wave Accounting |
|---|---|---|
| Audit Trail | ||
| Two-Factor Authentication | ||
| User Permissions |
Support (3 vs 0)
| Feature | ProfitBooks | Wave Accounting |
|---|---|---|
| In-app Chat Support | ||
| Support Center | ||
| YouTube Tutorials |
Tax Compliance (5 vs 0)
| Feature | ProfitBooks | Wave Accounting |
|---|---|---|
| Automated GST Calculation | ||
| E-Way Bills | ||
| GST Compliance | ||
| GST Return Filing | ||
| HSN/SAC Codes |
Tax Management (0 vs 3)
| Feature | ProfitBooks | Wave Accounting |
|---|---|---|
| Sales Tax Management | ||
| Tax Estimates | ||
| Tax Form Exports |
Time Tracking (0 vs 1)
| Feature | ProfitBooks | Wave Accounting |
|---|---|---|
| Time Tracking |
User Management (4 vs 0)
| Feature | ProfitBooks | Wave Accounting |
|---|---|---|
| Auditor Access | ||
| Multi-user Access | ||
| Role-based Access Control | ||
| Special Sales Role |
Vendor Management (5 vs 0)
| Feature | ProfitBooks | Wave Accounting |
|---|---|---|
| Record Vendor Payments | ||
| Track Vendor Advances | ||
| Vendor Management | ||
| Vendor Portal | ||
| Vendor Transaction Statements |
Unique Features
Only in ProfitBooks (60)
Cloud-based Access
Chart of Accounts
Journal Entries
Record Non-Invoice Income
Automated Email Reminders
Bank Reconciliation
Bank Statement Import
Deposit & Withdrawal Recording
Transfer Entries (Contra Entries)
Accounts Receivable Management
Allocation of Advance Payments
Customer-Specific Currency
Record Advance Receipts
Data Export
Accounts Payable Management
Expense Management
Payment Gateway Integrations
WhatsApp Integration
Inventory Wastage Tracking
Low Stock Alerts
+ 40 more unique features
Only in Wave Accounting (42)
Multi-Account Support
Competitor Analysis
Financial Insights
Reconciliation Tools
Bank Connections
Client Collaboration
Invoicing for Teams
Invoice Reminders
Data Backup
Duplicate Detection
Automated Bank Categorization
Expense Categories
Expense Policies
Expense Reimbursement
Expense Tracking
Mileage Tracking
Receipt Scanning
Budget Planning
Cash Flow Forecasting
Income Tracking
+ 22 more unique features
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