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Wave vs 10 Minute Accounts: Which Is Better Accounting Software?


Last Updated: 20 May 2025
Reviewed By: Ian Wright (Managing Director)

Which accounting software is better Wave or 10 Minute Accounts?

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

Wave homepage10 Minute Accounts homepage
 

Wave vs 10 Minute Accounts Basics

Wave10 Minute Accounts
Software WebsiteWave Website10 Minute Accounts Website
HMRC MTD StatusNot IncludedNot Included
Who Can Use It?Businesses and Self-employedBusinesses and Accountants
HMRC Listed FeaturesNoneRecord keeping and simplified expenses
PlatformsWeb-based application, Android, iOSWeb-based application
Note data for this section comes from HMRC here and here

Wave vs 10 Minute Accounts Reviews

Wondering if Wave or 10 Minute Accounts has better user reviews. We compared them below.

Wave10 Minute Accounts
Trustpilot Rating1.64.5
Number of Trustpilot Reviews12638
iPhone App Rating4.5No Rating
Number of iPhone Reviews5700No Reviews
Android App Rating4.7No Rating
Number of Android Reviews23000No Reviews
Please note ratings we’re accurate at the time of writing but may have since changed

Wave vs 10 Minute Accounts Prices

Which is cheaper Wave or 10 Minute Accounts? Here are their prices compared.

Wave pricing10 Minute Accounts pricing

Free Plans & Trials

Wave10 Minute Accounts
Free Plan?YesNo
Free Trial?YesYes
Free Trial Length?30 days30 Days
Data taken from each company’s website at the time of writing but may have since changed.

Paid Plan Prices

Wave10 Minute Accounts
Cheapest Plan Cost Per Month£0.00£6.95
Mid-Tier Plan Cost Per MonthNA£11.95
Top Plan Cost Per MonthNA£19.95
Data taken from each company’s website at the time of writing but may have since changed.

Wave vs 10 Minute Accounts Features

Wave features10 Minute Accounts features

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

10 Minute Accounts Basic Features

  • Track income & expenses
  • Submit VAT returns to HMRC
  • Fully Making Tax Digital compliant
  • Send unlimited invoices
  • Connect multiple bank accounts
  • Import & export transactions
  • Assistance to migrate from Excel, Sage, Quickbooks etc.
  • Automatically sync with PayPal
  • Do your accounts in seconds
  • Reports update in real-time
  • Reconcile all transactions
  • Automatic categorisations
  • Multi-currency support
  • Up to 300 transactions per month

10 Minute Accounts Software Integrations

  • Sage
  • Quickbooks
  • eBay
  • PayPal

Common Feature Comparison

Wave10 Minute Accounts
Payroll Software IntegrationYesNo
Track VATYesYes
VAT FilingYesYes
Real-Time Financial ReportsYesYes
Prepare Self AssessmentYesYes
Income Tax EstimatesYesYes
Manage Income & ExpensesYesYes
Create InvoicesYesYes
Forecast Cash FlowYesNo
Accept and Make Payments In Different CurrenciesYesYes
Employee Time TrackingNoNo
ProjectsNoNo
Bank Feed IntegrationYesYes
End of Year FilingsYesNo
Capture Bills And ReceiptsYesYes
Bulk Reconcile TransactionsYesYes
Track Inventory & Stock LevelsNoNo

Wave10 Minute Accounts
Pros
  • User Friendly
  • Meets Business Needs
  • Pricing
  • User Interface
  • One Stop Shop
  • Easy to use
  • Fast
  • Tutorial
Cons
  • Customer Service
  • Expensive
  • Not User Friendly
  • Takes Time
  • Learning Curve
  • Outdated look
  • Limited features

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