Updated March 2026 · Independent Analysis
XerovsWave
Wave starts at $16/mo, 36% cheaper than Xero's $25/mo. Wave is rated higher at 4.4/5 vs Xero's 4.3/5.
Xerovs Wave
★ 4.3/5-0.1 vs Wave
Only in Xero
- ✦ Bank Reconciliation
- ✦ Expense Claims
- ✦ Inventory
From $25/mo(pricier)4.2M+ subscribers users · est. 2006
Try Xero Free →
Wavevs Xero
★ 4.4/5+0.1 vs Xero
Only in Wave
- ✦ Accounting
- ✦ Receipt Scanning
- ✦ Online Payments
✓ Free planFrom $16/mo(cheaper)2M+ small businesses users · est. 2010
Try Wave Free →Ratings Breakdown
Xero
4.3/5 avg
G2 Score4.3/5
Capterra Score4.4/5
G2 Rating4.3/5
Wave
4.4/5 avg
G2 Score4.4/5
Capterra Score4.4/5
G2 Rating4.4/5
Quick Stats
Feature Comparison
Xero uniquely offers Bank Reconciliation, Expense Claims, Inventory. Wave uniquely offers Accounting, Receipt Scanning, Online Payments. Both share 6 features including Invoicing, Financial Reports, Payroll.
Feature
Xero
Wave
Invoicing
✓
✓
Financial Reports
✓
✓
Payroll
✓
✓
Multi-currency
✓
✓
Mobile App
✓
✓
Bank Connections
✓
✓
Bank Reconciliation
✓
✗
Expense Claims
✓
✗
Inventory
✓
✗
Purchase Orders
✓
✗
Project Tracking
✓
✗
Fixed Assets
✓
✗
Hubdoc (Receipt capture)
✓
✗
1000+ Integrations
✓
✗
Tax Filing
✓
✗
Accounting
✗
✓
Receipt Scanning
✗
✓
Online Payments
✗
✓
Sales Tax Tracking
✗
✓
Recurring Invoicing
✗
✓
Customer Management
✗
✓
Estimates
✗
✓
Dashboard
✗
✓
Integrations
✗
✓
Total Features
15
15
Quick Verdict
Independent analysis based on features, pricing, and user ratings
Choose Xero if you need:
- ✓ Bank Reconciliation
- ✓ Expense Claims
- ✓ Inventory
- ✓ Purchase Orders
- ✓ Project Tracking
Choose Wave if you need:
- ✓ Accounting
- ✓ Receipt Scanning
- ✓ Online Payments
- ✓ Sales Tax Tracking
- ✓ Recurring Invoicing
Pricing Comparison
Wave starts at $16/mo, 36% cheaper than Xero's $25/mo.
Xero Plans
Paid plans only
EarlyBest Value
$25/mo- • 20 invoices
- • 5 bills
- • Bank reconciliation
Growing
$55/mo- • Unlimited invoices
- • Bulk reconciliation
Established
$90/mo- • Multi-currency
- • Expense claims
- • Advanced analytics
Wave Plans
Free tier available
Free (Accounting)
Free- • Accounting
- • Invoicing
- • Receipt scanning
Pro (Accounting)Best Value
$16/mo- • Bank connections
- • Receipt scanning
Payroll
$20/mo base- • + $6/employee
- • Tax-filing states
Advisors
$149/mo- • 1-on-1 coaching
- • Bookkeeping support
🔔 Get notified when prices change
❓ Frequently Asked Questions
Was this comparison helpful?
📬 Stay updated on SaaS pricing changes
Get notified when tools update their pricing or features