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Tide Accounting vs Wave: Which Is Better Accounting Software?


Last Updated:
Reviewed By: Ian Wright (Managing Director)

Which accounting software is better Tide Accounting or Wave?

We compare them based on real user reviews, prices and what features they both offer.

Tide Accounting homepageWave homepage
 

Tide Accounting vs Wave Basics

Tide AccountingWave
Software WebsiteTide Accounting WebsiteWave Website
HMRC MTD StatusNot IncludedNot Included
Who Can Use It?Businesses and Self-employedBusinesses and Self-employed
HMRC Listed FeaturesNoneNone
PlatformsWeb-based application, Android, iOSWeb-based application, Android, iOS
Note data for this section comes from HMRC here and here

Tide Accounting vs Wave Reviews

Wondering if Tide Accounting or Wave has better user reviews. We compared them below.

Tide AccountingWave
Trustpilot Rating4.31.6
Number of Trustpilot Reviews17984126
iPhone App Rating4.44.5
Number of iPhone Reviews75700
Android App Rating4.54.7
Number of Android Reviews1323000
Please note ratings we’re accurate at the time of writing but may have since changed

Tide Accounting vs Wave Prices

Which is cheaper Tide Accounting or Wave? Here are their prices compared.

Tide Accounting pricingWave pricing

Free Plans & Trials

Tide AccountingWave
Free Plan?YesYes
Free Trial?NoYes
Free Trial Length?No30 days
Data taken from each company’s website at the time of writing but may have since changed.

Paid Plan Prices

Tide AccountingWave
Cheapest Plan Cost Per Month£9.99£0.00
Mid-Tier Plan Cost Per Month£18.99NA
Top Plan Cost Per Month£49.99NA
Data taken from each company’s website at the time of writing but may have since changed.

Tide Accounting vs Wave Features

Tide Accounting featuresWave features

Tide Accounting Basic Features

  • Transfers in & out – 20/ month free
  • ATM withdrawals
  • Read access for team members
  • Scheduled payments
  • Accounting integrations – Quickbooks, Xero, Sage and more
  • Multi-business – hold up to 5 business accounts
  • Create and send invoices for free
  • Priority in-app support
  • Phone support
  • 24/7 legal helpline
  • Exclusive member perks
  • Support with trademark filing and disputes

Tide Accounting Software Integrations

  • Xero
  • QuickBooks
  • Sage

Wave Basic Features

  • Get unlimited income and expense tracking.
  • Add unlimited partners, collaborators, or accountants.
  • Know if you should charge clients more just by glancing at your dashboard.
  • Make unlimited bank and credit card connections.
  • Access helpful reports like Overdue Invoices & Bills and Profit & Loss.

Wave Software Integrations

  • Zapier

Common Feature Comparison

Tide AccountingWave
Payroll Software IntegrationYesYes
Track VATYesYes
VAT FilingYesYes
Real-Time Financial ReportsYesYes
Prepare Self AssessmentYesYes
Income Tax EstimatesYesYes
Manage Income & ExpensesYesYes
Create InvoicesYesYes
Forecast Cash FlowYesYes
Accept and Make Payments In Different CurrenciesNoYes
Employee Time TrackingNoNo
ProjectsNoNo
Bank Feed IntegrationYesYes
End of Year FilingsNoYes
Capture Bills And ReceiptsYesYes
Bulk Reconcile TransactionsYesYes
Track Inventory & Stock LevelsNoNo

Tide AccountingWave
Pros
  • A business account with no monthly fee is available.
  • You can access your account digitally via an app on Android or iPhones and on the Tide website.
  • Tide offers bank accounts provided by ClearBank that are eligible for protection through the Financial Services Compensation Scheme (FSCS).
  • Tide offers 24/7 support with the member support team
  • User Friendly
  • Meets Business Needs
  • Pricing
  • User Interface
  • One Stop Shop
Cons
  • E-money accounts (for some existing customers) from Tide are not protected by FSCS, though Tide is in the process of moving Tide accounts from PPS e-money accounts to ClearBank FSCS-protected bank accounts
  • It is not possible to deposit cheques into a Tide account
  • Business partnerships and charities cannot open a Tide account
  • Customer Service
  • Expensive
  • Not User Friendly
  • Takes Time
  • Learning Curve

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