Which accounting software is better Wave or Coconut?
We compare them based on real user reviews, prices and what features they both offer.
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Wave vs Coconut Basics
| Wave | Coconut | |
| Software Website | Wave Website | Coconut Website |
| HMRC MTD Status | Not Included | In Development |
| Who Can Use It? | Businesses and Self-employed | Self-employed people |
| HMRC Listed Features | None | None |
| Platforms | Web-based application, Android, iOS | Web-based application, Android, and iOS |
Wave vs Coconut Reviews
Wondering if Wave or Coconut has better user reviews. We compared them below.
| Wave | Coconut | |
| Trustpilot Rating | 1.6 | 4.5 |
| Number of Trustpilot Reviews | 126 | 714 |
| iPhone App Rating | 4.5 | 4.7 |
| Number of iPhone Reviews | 5700 | 2800 |
| Android App Rating | 4.7 | 4.6 |
| Number of Android Reviews | 23000 | 1040 |
Wave vs Coconut Prices
Which is cheaper Wave or Coconut? Here are their prices compared.
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Free Plans & Trials
| Wave | Coconut | |
| Free Plan? | Yes | No |
| Free Trial? | Yes | Yes |
| Free Trial Length? | 30 days | 30 Days |
Paid Plan Prices
| Wave | Coconut | |
| Cheapest Plan Cost Per Month | £0.00 | £9.00 |
| Mid-Tier Plan Cost Per Month | NA | NA |
| Top Plan Cost Per Month | NA | NA |
Wave vs Coconut Features
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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
Coconut Basic Features
- Connect accounts from 30+ banks and credit cards
- Track your income and expenses throughout the year
- Access Coconut on both mobile and desktop
- Send and track unlimited branded invoices
- Always know how much tax to set aside
- Easily share access with your accountant
Coconut Software Integrations
Common Feature Comparison
| Wave | Coconut | |
| Payroll Software Integration | Yes | No |
| Track VAT | Yes | Yes |
| VAT Filing | Yes | Yes |
| Real-Time Financial Reports | Yes | No |
| Prepare Self Assessment | Yes | Yes |
| Income Tax Estimates | Yes | Yes |
| Manage Income & Expenses | Yes | Yes |
| Create Invoices | Yes | Yes |
| Forecast Cash Flow | Yes | Yes |
| Accept and Make Payments In Different Currencies | Yes | No |
| Employee Time Tracking | No | No |
| Projects | No | No |
| Bank Feed Integration | Yes | Yes |
| End of Year Filings | Yes | No |
| Capture Bills And Receipts | Yes | Yes |
| Bulk Reconcile Transactions | Yes | Yes |
| Track Inventory & Stock Levels | No | No |
| Wave | Coconut | |
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