Wave vs Xero
Side-by-side comparison of features, pricing, and integrations.
Quick Verdict
Wave offers fewer features (27 vs 35) and fewer integrations (2 vs 6). Starting price: Wave at $19/mo vs Xero at $3.75/mo. Wave has 26 unique features while Xero has 34 unique features, with 1 features in common.
| Wave | Xero | |
|---|---|---|
| Category | Accounting Software | Accounting Software |
| Total Features | 27 | 35 |
| AI-Powered Features | 1 | 4 |
| Starting Price | $19/mo | $3.75/mo |
| Pricing Tiers | 3 | 3 |
| Integrations | 2 | 6 |
| Shared Features | 1 | |
| Shared Integrations | 0 | |
| Data Quality | 60% | 80% |
Feature Comparison by Category
AI (0 vs 4)
| Feature | Wave | Xero |
|---|---|---|
| AI Financial Data Exploration | ||
| AI Task Automation | ||
| AI-Powered Business Questions | ||
| JAX AI Financial Superagent |
Accounting (0 vs 3)
| Feature | Wave | Xero |
|---|---|---|
| Bill Management | ||
| Multi-Currency Support | ||
| Paperless Record Keeping |
Analytics (0 vs 2)
| Feature | Wave | Xero |
|---|---|---|
| KPI and Ratio Analysis | ||
| Trend Analysis |
Automation (3 vs 4)
| Feature | Wave | Xero |
|---|---|---|
| Auto-Merge and Categorize Transactions | ||
| Automated Invoicing | ||
| Automated Late Payment Reminders | ||
| Bank Transaction Reconciliation | ||
| Data Capture with Hubdoc | ||
| Invoice Reminders | ||
| Reusable Message Templates |
Banking Integration (1 vs 0)
| Feature | Wave | Xero |
|---|---|---|
| Auto-Import Bank Transactions |
Bookkeeping (1 vs 0)
| Feature | Wave | Xero |
|---|---|---|
| Income and Expense Tracking |
Collaboration (1 vs 1)
| Feature | Wave | Xero |
|---|---|---|
| Multi-User Access | ||
| Real-time Collaboration |
Customization (2 vs 0)
| Feature | Wave | Xero |
|---|---|---|
| Brand Customization | ||
| Remove Wave Branding |
Expense Management (1 vs 2)
| Feature | Wave | Xero |
|---|---|---|
| Employee Expense Submission | ||
| Expense Tracking | ||
| Receipt Digitization |
Financial Management (1 vs 0)
| Feature | Wave | Xero |
|---|---|---|
| Cash Flow Management |
HR (0 vs 1)
| Feature | Wave | Xero |
|---|---|---|
| Leave Management |
Integration (1 vs 3)
| Feature | Wave | Xero |
|---|---|---|
| App Store Integration | ||
| Bank Feed Integration | ||
| Data Import from Other Software | ||
| Third-Party Integrations |
Inventory (0 vs 1)
| Feature | Wave | Xero |
|---|---|---|
| Inventory Management |
Invoicing (3 vs 0)
| Feature | Wave | Xero |
|---|---|---|
| Invoice Attachments | ||
| Recurring Invoices | ||
| Unlimited Invoices and Estimates |
Mobile (1 vs 1)
| Feature | Wave | Xero |
|---|---|---|
| Mobile App |
Onboarding (1 vs 0)
| Feature | Wave | Xero |
|---|---|---|
| Accounting Software Onboarding |
Payments (1 vs 2)
| Feature | Wave | Xero |
|---|---|---|
| Online Bill Payments | ||
| Online Invoice Payments | ||
| Online Payments |
Payroll (1 vs 0)
| Feature | Wave | Xero |
|---|---|---|
| Payroll Management |
Project Management (0 vs 1)
| Feature | Wave | Xero |
|---|---|---|
| Project Tracking |
Reporting (3 vs 5)
| Feature | Wave | Xero |
|---|---|---|
| Cash Flow Forecasting | ||
| Customizable Reporting | ||
| Dashboard Insights | ||
| Financial Health Scorecards | ||
| Financial Reporting | ||
| Monthly Financial Statements | ||
| Performance Dashboards | ||
| Real-time Reporting |
Sales (0 vs 1)
| Feature | Wave | Xero |
|---|---|---|
| Quotes and Estimates |
Services (1 vs 0)
| Feature | Wave | Xero |
|---|---|---|
| Dedicated Bookkeeper |
Support (2 vs 2)
| Feature | Wave | Xero |
|---|---|---|
| 24/7 Online Support | ||
| 90-Day Onboarding Support | ||
| Expert Tax Support | ||
| Live Chat and Email Support |
Support & Services (2 vs 0)
| Feature | Wave | Xero |
|---|---|---|
| Accounting Coaching | ||
| Wave Advisors |
Tax (0 vs 2)
| Feature | Wave | Xero |
|---|---|---|
| Sales Tax Management | ||
| W-9 and 1099 Management |
Tax Management (1 vs 0)
| Feature | Wave | Xero |
|---|---|---|
| Tax Time Preparation |
Unique Features
Only in Wave (26)
Auto-Merge and Categorize Transactions
Automated Late Payment Reminders
Reusable Message Templates
Auto-Import Bank Transactions
Income and Expense Tracking
Multi-User Access
Brand Customization
Remove Wave Branding
Receipt Digitization
Cash Flow Management
Third-Party Integrations
Invoice Attachments
Recurring Invoices
Unlimited Invoices and Estimates
Accounting Software Onboarding
Online Payments
Payroll Management
Dashboard Insights
Financial Reporting
Monthly Financial Statements
+ 6 more unique features
Only in Xero (34)
Bill Management
Multi-Currency Support
Paperless Record Keeping
AI Financial Data Exploration
AI Task Automation
AI-Powered Business Questions
JAX AI Financial Superagent
KPI and Ratio Analysis
Trend Analysis
Automated Invoicing
Bank Transaction Reconciliation
Data Capture with Hubdoc
Invoice Reminders
Real-time Collaboration
Employee Expense Submission
Expense Tracking
Leave Management
App Store Integration
Bank Feed Integration
Data Import from Other Software
+ 14 more unique features
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