ProfitBooks vs Wave
Side-by-side comparison of features, pricing, and integrations.
Quick Verdict
ProfitBooks offers more features (65 vs 27) and more integrations (4 vs 2). Starting price: ProfitBooks at $9.95/mo vs Wave at $19/mo. ProfitBooks has 63 unique features while Wave has 25 unique features, with 2 features in common.
| ProfitBooks | Wave | |
|---|---|---|
| Category | Accounting Software | Accounting Software |
| Total Features | 65 | 27 |
| AI-Powered Features | 0 | 1 |
| Starting Price | $9.95/mo | $19/mo |
| Pricing Tiers | 4 | 3 |
| Integrations | 4 | 2 |
| Shared Features | 2 | |
| Shared Integrations | 0 | |
| Data Quality | 90% | 60% |
Feature Comparison by Category
Accessibility (1 vs 0)
| Feature | ProfitBooks | Wave |
|---|---|---|
| Cloud-based Access |
Accounting (3 vs 0)
| Feature | ProfitBooks | Wave |
|---|---|---|
| Chart of Accounts | ||
| Journal Entries | ||
| Record Non-Invoice Income |
Automation (1 vs 3)
| Feature | ProfitBooks | Wave |
|---|---|---|
| Auto-Merge and Categorize Transactions | ||
| Automated Email Reminders | ||
| Automated Late Payment Reminders | ||
| Reusable Message Templates |
Banking (4 vs 0)
| Feature | ProfitBooks | Wave |
|---|---|---|
| Bank Reconciliation | ||
| Bank Statement Import | ||
| Deposit & Withdrawal Recording | ||
| Transfer Entries (Contra Entries) |
Banking Integration (0 vs 1)
| Feature | ProfitBooks | Wave |
|---|---|---|
| Auto-Import Bank Transactions |
Billing (5 vs 0)
| Feature | ProfitBooks | Wave |
|---|---|---|
| Accounts Receivable Management | ||
| Allocation of Advance Payments | ||
| Customer-Specific Currency | ||
| Multi-currency Support | ||
| Record Advance Receipts |
Bookkeeping (0 vs 1)
| Feature | ProfitBooks | Wave |
|---|---|---|
| Income and Expense Tracking |
Collaboration (0 vs 1)
| Feature | ProfitBooks | Wave |
|---|---|---|
| Multi-User Access |
Customer Management (1 vs 0)
| Feature | ProfitBooks | Wave |
|---|---|---|
| Customer Portal |
Customization (0 vs 2)
| Feature | ProfitBooks | Wave |
|---|---|---|
| Brand Customization | ||
| Remove Wave Branding |
Data Management (1 vs 0)
| Feature | ProfitBooks | Wave |
|---|---|---|
| Data Export |
Expense Management (2 vs 1)
| Feature | ProfitBooks | Wave |
|---|---|---|
| Accounts Payable Management | ||
| Expense Management | ||
| Receipt Digitization |
Financial Management (0 vs 1)
| Feature | ProfitBooks | Wave |
|---|---|---|
| Cash Flow Management |
Integration (0 vs 1)
| Feature | ProfitBooks | Wave |
|---|---|---|
| Third-Party Integrations |
Integrations (2 vs 0)
| Feature | ProfitBooks | Wave |
|---|---|---|
| Payment Gateway Integrations | ||
| WhatsApp Integration |
Inventory (7 vs 0)
| Feature | ProfitBooks | Wave |
|---|---|---|
| Inventory Management | ||
| Inventory Wastage Tracking | ||
| Low Stock Alerts | ||
| Production Management | ||
| Purchase Order Management | ||
| Stock Transfer Management | ||
| Warehouse Management |
Invoicing (3 vs 3)
| Feature | ProfitBooks | Wave |
|---|---|---|
| Estimates & Sales Orders | ||
| Invoice Attachments | ||
| Invoice Templates & Customization | ||
| Invoicing & Billing | ||
| Recurring Invoices | ||
| Unlimited Invoices and Estimates |
Mobile (1 vs 1)
| Feature | ProfitBooks | Wave |
|---|---|---|
| Mobile App | ||
| Mobile App Access |
Onboarding (0 vs 1)
| Feature | ProfitBooks | Wave |
|---|---|---|
| Accounting Software Onboarding |
Payments (0 vs 1)
| Feature | ProfitBooks | Wave |
|---|---|---|
| Online Payments |
Payroll (1 vs 1)
| Feature | ProfitBooks | Wave |
|---|---|---|
| Payroll Management |
Project Management (1 vs 0)
| Feature | ProfitBooks | Wave |
|---|---|---|
| Project Management |
Reporting (14 vs 3)
| Feature | ProfitBooks | Wave |
|---|---|---|
| 45+ Filterable Reports | ||
| Aging Reports | ||
| Audit Trail | ||
| Balance Sheet | ||
| Cash Flow Statement | ||
| Customer Statements | ||
| Dashboard Insights | ||
| Employee Reports | ||
| Financial Reporting | ||
| In-depth Inventory Reports | ||
| Inventory Valuation Reports | ||
| Monthly Financial Statements | ||
| Profit & Loss Statement | ||
| Real-time Reporting | ||
| Sales Reports |
Resources (1 vs 0)
| Feature | ProfitBooks | Wave |
|---|---|---|
| Business Blog |
Services (0 vs 1)
| Feature | ProfitBooks | Wave |
|---|---|---|
| Dedicated Bookkeeper |
Support (3 vs 2)
| Feature | ProfitBooks | Wave |
|---|---|---|
| Expert Tax Support | ||
| In-app Chat Support | ||
| Live Chat and Email Support | ||
| Support Center | ||
| YouTube Tutorials |
Support & Services (0 vs 2)
| Feature | ProfitBooks | Wave |
|---|---|---|
| Accounting Coaching | ||
| Wave Advisors |
Tax Compliance (5 vs 0)
| Feature | ProfitBooks | Wave |
|---|---|---|
| Automated GST Calculation | ||
| E-Way Bills | ||
| GST Compliance | ||
| GST Return Filing | ||
| HSN/SAC Codes |
Tax Management (0 vs 1)
| Feature | ProfitBooks | Wave |
|---|---|---|
| Tax Time Preparation |
User Management (4 vs 0)
| Feature | ProfitBooks | Wave |
|---|---|---|
| Auditor Access | ||
| Multi-user Access | ||
| Role-based Access Control | ||
| Special Sales Role |
Vendor Management (5 vs 0)
| Feature | ProfitBooks | Wave |
|---|---|---|
| Record Vendor Payments | ||
| Track Vendor Advances | ||
| Vendor Management | ||
| Vendor Portal | ||
| Vendor Transaction Statements |
Unique Features
Only in ProfitBooks (63)
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
Multi-currency Support
Record Advance Receipts
Customer Portal
Data Export
Accounts Payable Management
Expense Management
Payment Gateway Integrations
WhatsApp Integration
+ 43 more unique features
Only in Wave (25)
Auto-Merge and Categorize Transactions
Automated Late Payment Reminders
Reusable Message Templates
Auto-Import Bank Transactions
Income and Expense Tracking
Brand Customization
Remove Wave Branding
Receipt Digitization
Cash Flow Management
Third-Party Integrations
Invoice Attachments
Recurring Invoices
Unlimited Invoices and Estimates
Mobile App
Accounting Software Onboarding
Online Payments
Dashboard Insights
Financial Reporting
Monthly Financial Statements
Dedicated Bookkeeper
+ 5 more unique features
Want to build your own alternative to ProfitBooks or Wave?
Analyze it with Reap