Which accounting software is better Xero or Wave?
We compare them based on real user reviews, prices and what features they both offer.
 |  |
Xero vs Wave Basics
| Xero | Wave | |
| Software Website | Xero Website | Wave Website |
| HMRC MTD Status | Approved | Not Included |
| Who Can Use It? | Agents and businesses | Businesses and Self-employed |
| HMRC Listed Features | Digital record keeping, Updates to HMRC for self-employment, Tax estimates from HMRC based on provided updates, Updates to HMRC for UK property | None |
| Platforms | Web-based application, Android, iOS | Web-based application, Android, iOS |
Xero vs Wave Reviews
Wondering if Xero or Wave has better user reviews. We compared them below.
| Xero | Wave | |
| Trustpilot Rating | 4.3 | 1.6 |
| Number of Trustpilot Reviews | 6017 | 126 |
| iPhone App Rating | 4.7 | 4.5 |
| Number of iPhone Reviews | 12700 | 5700 |
| Android App Rating | 4.6 | 4.7 |
| Number of Android Reviews | 11900 | 23000 |
Xero vs Wave Prices
Which is cheaper Xero or Wave? Here are their prices compared.
 |  |
Free Plans & Trials
| Xero | Wave | |
| Free Plan? | No | Yes |
| Free Trial? | Yes | Yes |
| Free Trial Length? | 30 days | 30 days |
Paid Plan Prices
| Xero | Wave | |
| Cheapest Plan Cost Per Month | £7.50 | £0.00 |
| Mid-Tier Plan Cost Per Month | £15.00 | NA |
| Top Plan Cost Per Month | £27.50 | NA |
Xero vs Wave Features
 |  |
Xero Basic Features
- Send invoices and quotes
- Enter bills
- Reconcile bank transactions
- Submit VAT returns to HMRC
- Capture bills and receipts with Hubdoc
- Automatic CIS calculations and reports
- Short-term cash flow and business snapshot
- Payroll
- Claim expenses
- Track projects
- Analytics Plus
- Submit CIS returns
Xero Software Integrations
- BlueHub
- LimeCloud
- Outserve
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
| Xero | Wave | |
| Payroll Software Integration | Yes | Yes |
| Track VAT | Yes | Yes |
| VAT Filing | Yes | Yes |
| Real-Time Financial Reports | Yes | Yes |
| 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 | Yes |
| Employee Time Tracking | Yes | No |
| Projects | Yes | No |
| Bank Feed Integration | Yes | Yes |
| End of Year Filings | Yes | Yes |
| Capture Bills And Receipts | Yes | Yes |
| Bulk Reconcile Transactions | Yes | Yes |
| Track Inventory & Stock Levels | Yes | No |
| Xero | Wave | |
| Pros |
|
|
| Cons |
|
|
More Comparisons
Xero vs Ember
Xero vs Kashoo
Xero vs Crunch
Xero vs Bokio
Xero vs Pandle