Xero Bills vs Wave

Xero Bills9.3Visit Wave8.7Visit

Higher score Xero Bills #2 in Bookkeeping Software 9.3/10 Paid ✓ 6 of 6 features Visit Xero

vs

Wave #8 in Bookkeeping Software 8.7/10 Free plan Free plan✓ 0 of 6 features Visit Wave

• Xero Bills fits best

  Businesses focused on bills and payments

• Wave fits best

  Free invoicing and basic bookkeeping

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Side by side

Feature	Xero Bills 9.3/10 Visit ↗	Wave 8.7/10 Visit ↗
At a glance
Editor score	9.3	8.7
Ranking	#2 in Bookkeeping Software	#8 in Bookkeeping Software
Best for	Businesses focused on bills and payments	Free invoicing and basic bookkeeping
Pricing model	Paid	Free plan + paid
Starting price	$25/mo	$190/yr
Free plan	—	✓ (best)
Free trial	—	—
Deployment	Cloud, Mobile	Cloud, Mobile
Platforms	Web, iOS, Android	Web, iOS, Android
Integrations	1,000+ integrations	1 integrations
Features Xero Bills 6/6 · Wave 0/6
Bank feeds	✓ (best)	Not checked yet
Automated reconciliation	✓ (best)	Not checked yet
Invoice creation	✓ (best)	Not checked yet
Receipt capture	✓ (best)	Not checked yet
Inventory tracking	✓ (best)	Not checked yet
Accountant access	✓ (best)	Not checked yet
Specs
Mobile platforms	Ios and android	Not checked yet
Our review
Pros	Automates bill entry, tracking, and bank transaction reconciliation Supports receipts, invoices, inventory, and purchase orders Includes web, iOS, and Android access with accountant collaboration	Free Starter plan includes unlimited invoices, bills, and bookkeeping records Recurring invoices, payment tracking, and automated late-payment reminders Expense tracking, receipt capture, reports, and iOS and Android apps
Cons	No free plan; monthly pricing starts at $25 Early limits usage to 20 invoices and 5 bills Advanced features require the Growing or Established plan	Automatic bank imports and categorization require the Pro plan Online payments are optional and involve transaction fees Listed integration coverage centers on Plaid
Our verdict	Xero Bills is the bill-management functionality within Xero’s cloud accounting platform. It is designed for small and medium-sized businesses that need to record and track supplier bills, connect bank accounts, reconcile transactions,… Read the review →	Wave is web-based invoicing and financial management software for small business owners, including freelancers and contractors. It supports invoices, estimates, recurring billing, customer and payment tracking, online credit-card and bank… Read the review →

Strengths and trade-offs

• Xero Bills — where it wins

  • Automates bill entry, tracking, and bank transaction reconciliation
  • Supports receipts, invoices, inventory, and purchase orders
  • Includes web, iOS, and Android access with accountant collaboration

  Where it doesn't

  • No free plan; monthly pricing starts at $25
  • Early limits usage to 20 invoices and 5 bills
  • Advanced features require the Growing or Established plan

• Wave — where it wins

  • Free Starter plan includes unlimited invoices, bills, and bookkeeping records
  • Recurring invoices, payment tracking, and automated late-payment reminders
  • Expense tracking, receipt capture, reports, and iOS and Android apps

  Where it doesn't

  • Automatic bank imports and categorization require the Pro plan
  • Online payments are optional and involve transaction fees
  • Listed integration coverage centers on Plaid

• Xero Bills9.3/10 · Paid

  A paid bookkeeping platform with strong bill management, reconciliation, and payment tools.

  Visit XeroFull verdict →
• Wave8.7/10 · Free plan

  A capable free starting point for invoicing and basic bookkeeping.

  Visit WaveFull verdict →