Best Wave Alternatives in 2026

Why People Leave Wave

TLDR

No inventory tracking, no project costing, no time tracking — you get what you pay for (nothing)

Wave free: Free accounting and invoicing | easy learning curve

QuickBooks

30-day free trial

How it's different: US small businesses that want the most widely supported accounting software with massive accountant network

Price comparison: Wave: Payroll $20/mo + $6/person | QuickBooks: Simple Start $30/mo

Invoicing and paymentsExpense tracking and receipt captureProfit and loss reports
Compare Wave vs QuickBooks

Xero

30-day free trial

How it's different: International small businesses that need multi-currency support and a cleaner UI than QuickBooks

Price comparison: Wave: Payroll $20/mo + $6/person | Xero: Starter $15/mo

Bank reconciliationInvoicing and quotesInventory management
Compare Wave vs Xero

FreshBooks

30-day free trial

How it's different: Freelancers and service businesses that want gorgeous invoicing and time tracking without accounting headaches

Price comparison: Wave: Payroll $20/mo + $6/person | FreshBooks: Lite $19/mo (5 clients)

Client-friendly invoicingTime tracking and project costingExpense management
Compare Wave vs FreshBooks

Zoho Books

Free for businesses under $50K annual revenue

How it's different: Small businesses already in the Zoho ecosystem who want accounting that plugs into their existing stack

Price comparison: Wave: Payroll $20/mo + $6/person | Zoho Books: Standard $15/org/mo

Automated bank feedsProject time trackingInventory management
Compare Wave vs Zoho Books

Sage

No free plan

How it's different: Established small businesses that want traditional accounting software from a brand that’s been around since 1981

Price comparison: Wave: Payroll $20/mo + $6/person | Sage: Sage Accounting Start $10/mo

Cash flow forecastingSmart invoicingTax calculations
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Bench

Essential $299/mo

How it's different: Busy founders who want to outsource bookkeeping entirely to humans instead of learning accounting software

Price comparison: Wave: Payroll $20/mo + $6/person | Bench: Essential $299/mo

Dedicated bookkeeper teamMonthly financial statementsYear-end tax package
Compare Wave vs Bench

Akaunting

Free and open source (self-hosted)

How it's different: Tech-savvy small businesses that want free, self-hosted accounting with full control over their financial data

Price comparison: Wave: Payroll $20/mo + $6/person | Akaunting: Cloud hosting $9/mo

Open source accountingMulti-company supportInvoicing and billing
Compare Wave vs Akaunting

Kashoo

TrulySmall Invoices Free

How it's different: Freelancers and micro-businesses that want real accounting software without the QuickBooks learning curve

Price comparison: Wave: Payroll $20/mo + $6/person | Kashoo: TrulySmall Invoices Free

Dead-simple double-entry bookkeepingAutomatic bank feed reconciliationInvoice creation and payment tracking
Compare Wave vs Kashoo

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