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Mandi R

Quickbooks or Wave

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I am thinking about switching to Wave and am currently using Quickbooks.  Any thoughts on which one is better?  

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I think it's all personal preference and depends what you need in an accounting software. I've been using Wave for a few years and really like it. It's free so you could sign up and try it out and see what you think. 

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QuickBooks vs Wave is the classic “you get what you pay for” The free version of Wave is great if all you need to do is track bank transactions and create a set of financial statements. If you want to bill customers, track accounts receivable, enter bills, manage accounts payable, track inventory, pay employees or link with a third party app, then you need QuickBooks or Xero.

Wave is in my opinion the best free option there is for basic bookkeeping, but don’t expect to get a lot of functionality for free. For most micro businesses Wave will probably work just fine, but spend a little bit of money if you need anything beyond a basic checkbook tracker/financial reporting app.

 

Regards,

Adrian

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