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Wave vs MyFirmsApp: Which Is Better Accounting Software?


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

Which accounting software is better Wave or MyFirmsApp?

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

Wave homepageMyFirmsApp homepage
 

Wave vs MyFirmsApp Basics

WaveMyFirmsApp
Software WebsiteWave WebsiteMyFirmsApp Website
HMRC MTD StatusNot IncludedNot Included
Who Can Use It?Businesses and Self-employedBusinesses and Accountants
HMRC Listed FeaturesNoneA compliant App solution for accountants and bookkeepers that handles income, expenses and more
PlatformsWeb-based application, Android, iOSiPhone, iPad, Android, web
Note data for this section comes from HMRC here and here

Wave vs MyFirmsApp Reviews

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

WaveMyFirmsApp
Trustpilot Rating1.6No Rating
Number of Trustpilot Reviews126No Reviews
iPhone App Rating4.53.8
Number of iPhone Reviews570042
Android App Rating4.73.7
Number of Android Reviews2300038
Please note ratings we’re accurate at the time of writing but may have since changed

Wave vs MyFirmsApp Prices

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

Wave pricingMyFirmsApp pricing

Free Plans & Trials

WaveMyFirmsApp
Free Plan?YesNo
Free Trial?YesNo
Free Trial Length?30 daysNo
Data taken from each company’s website at the time of writing but may have since changed.

Paid Plan Prices

WaveMyFirmsApp
Cheapest Plan Cost Per Month£0.00Not Listed
Mid-Tier Plan Cost Per MonthNANA
Top Plan Cost Per MonthNANA
Data taken from each company’s website at the time of writing but may have since changed.

Wave vs MyFirmsApp Features

Wave featuresMyFirmsApp 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

MyFirmsApp Basic Features

  • Meaningful, insightful content
  • Updated daily and weekly
  • Searchable 24/7
  • Proactive push notifications
  • All done for you
  • Full customisation
  • 37 Powerful tools for you and your clients
  • Dedicated support and services
  • Everything in one place

MyFirmsApp Software Integrations

Not Listed

Common Feature Comparison

WaveMyFirmsApp
Payroll Software IntegrationYesNo
Track VATYesYes
VAT FilingYesYes
Real-Time Financial ReportsYesYes
Prepare Self AssessmentYesYes
Income Tax EstimatesYesNo
Manage Income & ExpensesYesYes
Create InvoicesYesYes
Forecast Cash FlowYesYes
Accept and Make Payments In Different CurrenciesYesNo
Employee Time TrackingNoNo
ProjectsNoNo
Bank Feed IntegrationYesNo
End of Year FilingsYesYes
Capture Bills And ReceiptsYesYes
Bulk Reconcile TransactionsYesNo
Track Inventory & Stock LevelsNoNo

WaveMyFirmsApp
Pros
  • User Friendly
  • Meets Business Needs
  • Pricing
  • User Interface
  • One Stop Shop
  • Dedicated account managers
  • Accelerate Client App downloads with Auto-launch
  • E-Learning Hub
Cons
  • Customer Service
  • Expensive
  • Not User Friendly
  • Takes Time
  • Learning Curve
  • No pricing on website
  • Low review score

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Ember vs Crunch

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