Wave Accounting vs. ZipBooks

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
Wave Accounting
Score 6.3 out of 10
N/A
Wave Accounting is a free, cloud-based accounting platform exclusively for small businesses. It supports double-entry bookkeeping and permits unlimited user access, invoicing, and expense management. Wave Accounting integrates with Wave's invoicing, receipt scanning, payment processing and payroll apps.N/A
ZipBooks
Score 7.6 out of 10
Small Businesses (1-50 employees)
ZipBooks is an accounting software solution for small business owners and accountants. Users can track expenses, manage their team, send recurring invoices and manage projects.
$0
Pricing
Wave AccountingZipBooks
Editions & Modules
No answers on this topic
ZipBooks Starter
$0
ZipBooks Smarter
$15
ZipBooks Sophisticated
$35
ZipBooks Accountant
Custom
Offerings
Pricing Offerings
Wave AccountingZipBooks
Free Trial
NoYes
Free/Freemium Version
NoYes
Premium Consulting/Integration Services
NoYes
Entry-level Setup FeeNo setup feeNo setup fee
Additional Details
More Pricing Information
Community Pulse
Wave AccountingZipBooks
Considered Both Products
Wave Accounting
Chose Wave Accounting
I was not impressed with Xero or ZipBooks simply because they were expensive and still as, if not more, confusing than QuickBooks. QuickBooks is, unfortunately, the standard. I dislike it, and I think it is just a huge corporation trying to steal small businesses money, but …
ZipBooks
Top Pros
Top Cons
Features
Wave AccountingZipBooks
Payroll Management
Comparison of Payroll Management features of Product A and Product B
Wave Accounting
6.2
24 Ratings
15% below category average
ZipBooks
-
Ratings
Pay calculation7.123 Ratings00 Ratings
Benefit plan administration7.54 Ratings00 Ratings
Direct deposit files1.220 Ratings00 Ratings
Salary revision and increment management7.712 Ratings00 Ratings
Reimbursement management7.48 Ratings00 Ratings
Customization
Comparison of Customization features of Product A and Product B
Wave Accounting
8.5
13 Ratings
22% above category average
ZipBooks
9.1
2 Ratings
28% above category average
API for custom integration9.99 Ratings9.12 Ratings
Plug-ins7.011 Ratings9.11 Ratings
Security
Comparison of Security features of Product A and Product B
Wave Accounting
9.6
43 Ratings
20% above category average
ZipBooks
9.5
5 Ratings
19% above category average
Single sign-on capability9.730 Ratings9.74 Ratings
Role-based user permissions9.434 Ratings9.34 Ratings
Reporting & Analytics
Comparison of Reporting & Analytics features of Product A and Product B
Wave Accounting
8.2
70 Ratings
10% above category average
ZipBooks
10.0
6 Ratings
30% above category average
Dashboards9.568 Ratings10.06 Ratings
Standard reports9.567 Ratings10.06 Ratings
Custom reports5.734 Ratings00 Ratings
General Ledger and Configurable Accounting
Comparison of General Ledger and Configurable Accounting features of Product A and Product B
Wave Accounting
6.9
73 Ratings
4% below category average
ZipBooks
8.8
6 Ratings
20% above category average
Accounts payable9.556 Ratings00 Ratings
Accounts receivable9.667 Ratings8.05 Ratings
Cash management9.559 Ratings00 Ratings
Bank reconciliation9.663 Ratings8.01 Ratings
Expense management9.761 Ratings10.05 Ratings
Time tracking9.611 Ratings9.06 Ratings
Fixed asset management9.612 Ratings00 Ratings
Multi-currency support10.019 Ratings9.12 Ratings
Multi-division support7.19 Ratings00 Ratings
Regulations compliance6.815 Ratings00 Ratings
Electronic tax filing5.914 Ratings00 Ratings
Self-service portal1.739 Ratings00 Ratings
Global Financial Support9.02 Ratings00 Ratings
Primary and Secondary Ledgers7.04 Ratings00 Ratings
Intercompany Accounting4.05 Ratings00 Ratings
Localizations5.23 Ratings00 Ratings
Journals and Reconciliations6.228 Ratings00 Ratings
Enterprise Accounting4.07 Ratings00 Ratings
Configurable Accounting5.516 Ratings00 Ratings
Centralized Rules Framework1.03 Ratings00 Ratings
Standardized Processes4.317 Ratings00 Ratings
Inventory Management
Comparison of Inventory Management features of Product A and Product B
Wave Accounting
8.1
11 Ratings
19% above category average
ZipBooks
-
Ratings
Inventory tracking5.68 Ratings00 Ratings
Automatic reordering9.95 Ratings00 Ratings
Location management8.12 Ratings00 Ratings
Manufacturing module9.01 Ratings00 Ratings
Order Management
Comparison of Order Management features of Product A and Product B
Wave Accounting
7.6
52 Ratings
7% above category average
ZipBooks
9.2
6 Ratings
26% above category average
Pricing9.926 Ratings00 Ratings
Order entry10.018 Ratings00 Ratings
Credit card processing2.345 Ratings10.06 Ratings
Cost of goods sold10.033 Ratings8.52 Ratings
Order Orchestration5.85 Ratings00 Ratings
End-to-end order visibility8.24 Ratings00 Ratings
Order exception Resolution7.02 Ratings00 Ratings
Best Alternatives
Wave AccountingZipBooks
Small Businesses
Dext Prepare (with Receipt Bank)
Dext Prepare (with Receipt Bank)
Score 9.2 out of 10
QuickBooks Self-Employed
QuickBooks Self-Employed
Score 9.2 out of 10
Medium-sized Companies
Accounting Seed
Accounting Seed
Score 8.3 out of 10
Accounting Seed
Accounting Seed
Score 8.3 out of 10
Enterprises
Oracle Fusion Cloud ERP
Oracle Fusion Cloud ERP
Score 8.0 out of 10
Oracle Fusion Cloud ERP
Oracle Fusion Cloud ERP
Score 8.0 out of 10
All AlternativesView all alternativesView all alternatives
User Ratings
Wave AccountingZipBooks
Likelihood to Recommend
3.4
(79 ratings)
9.0
(6 ratings)
Likelihood to Renew
7.8
(3 ratings)
-
(0 ratings)
Usability
6.2
(15 ratings)
-
(0 ratings)
Availability
6.7
(4 ratings)
-
(0 ratings)
Performance
2.9
(2 ratings)
-
(0 ratings)
Support Rating
2.4
(12 ratings)
-
(0 ratings)
Online Training
4.7
(3 ratings)
-
(0 ratings)
Product Scalability
3.0
(2 ratings)
-
(0 ratings)
User Testimonials
Wave AccountingZipBooks
Likelihood to Recommend
Wave
Wave Accounting was used for a small practice without a lot of the accounting considerations a large company would have. For the price, you really can't beat what Wave offers out of the box. All of the basic tools for things like invoicing and expenses are all easy to use. End of year accounting is easy with exports of data.
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ZipBooks
ZipBooks is really strong for small businesses (and non-profits like the ones I help manage). It may not yet be ready to handle medium or large businesses given the deep, niche functionality that is sometimes required in those cases.
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Pros
Wave
  • Reconciliation is very difficult with multiple Wave transactions that need to be deleted or merged before it can be matched to a bank transaction.
  • Payroll worked fine for us but took several days to get it set up. We have switched to another bookkeeping system and another payroll system. Canceling with Wave took several days and they charge $6 for something even though the month was paid for in advance.
  • Credit card processing is nice and worked fine for us.
Read full review
ZipBooks
  • Invoicing is particularly easy-to-use, quick, clean and beautiful. GREAT for branding.
  • The time tracker was unexpected, but very useful and integrates well with the invoicing. Leads to quick invoicing every time.
  • Customer support is phenomenal -- the support staff is friendly and helpful.
  • Although they are a new company, they are definitely on the right track!
  • I recommend this software to clients, colleagues, and friends alike, mostly for it quick and beautiful invoicing.
  • They do what they can to live up to their name! It doesn't take very long to get set up, or very long to create a complete invoice and send it to the right person.
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Cons
Wave
  • I know that credit card processing is a way for Wave to make money, but I really wish they offered ACH payment on Invoices.
  • I do cash-based accounting, which means I have to make little journal entries at the start and end of each year to get my books to balance because Wave wants to do everything differently. This should just be a setting to flip, whether you want cash-based or accrual-based.
  • They use Yodlee for bank connection, which doesn't play nice with 2FA. Pretty much every time I log in I have to re-enter credentials, get a code sent to me, reauthenticate, and know that I'm going to have to do it again next week. Not really on Wave, but wish they could get it together nonetheless.
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ZipBooks
  • There is some difficulty with a need to learn the use of the menus, they are not open and click, at the moment, the user needs to open the menu then using the pad keys scroll down and use enter to select from the drop-down menu. A mouse does not work.
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Likelihood to Renew
Wave
Easy to use for clients with no accounting background and the price is right.
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ZipBooks
No answers on this topic
Usability
Wave
I am a professional bookkeeper and I have no problems using Wave and all of it's features. I can see that certain individuals who have no accounting knowledge might struggle with a few different features and entries, but that is why Wave has an emphasis in connecting users to Wave Pro's who will walk them through things
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ZipBooks
No answers on this topic
Reliability and Availability
Wave
WAVE is always available when we need it ! Peter
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ZipBooks
No answers on this topic
Performance
Wave
Wave does tend to slow down when filtering your transactions screen especially by date. This is more of an issue when trying to trouble shoot certain transactions or clean-up a set of books.
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ZipBooks
No answers on this topic
Support Rating
Wave
I never had to call Wave Support as we barely experienced any support-related problems on our side. However, I do know a few people that complained about Wave support. It would be nice as well, though if they could have more in your face tutorials for new users or how-to videos should we struggle to do something
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ZipBooks
No answers on this topic
Online Training
Wave
easy to use and east to train on ! Our WAVE clients enjoy the ease of use
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ZipBooks
No answers on this topic
Alternatives Considered
Wave
Wave is FREE for most functions. Payment processing costs no matter where you go (as does payroll or taxes). Wave rises above tools like QuickBooks Online because they know that for our small firm, being nimble is the name of the game. We don't need exhaustive reporting and management like QB offers and we certainly don't want to pay for it
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ZipBooks
I've primarily compared ZipBooks vs. Quickbooks because I've used Quickbooks at larger companies before. ZipBooks was the right fit for a smaller organization because it still had all the core features of Quickbooks but at a dramatically lower price that fits the budget.
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Scalability
Wave
Once they out grow what is ability to move up to a more robust system?
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ZipBooks
No answers on this topic
Return on Investment
Wave
  • Wave has been ROI positive for our company. With not having to pay for the service we can use our money for growing our business.
  • The fees on credit card transactions for invoices are reasonable especially as we don't pay a monthly subscription.
  • The invoicing feature has made our lives easier for us and our customers. The invoicing piece and AR tracking has been ROI positive as well.
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ZipBooks
  • ZipBooks is entirely affordable, and with my current $15/mo payments, I get ROI pretty quickly.
  • Invoices are simple and easy to make, while staying beautiful and functional at the same time. This saves me TIME, which means that I don't need to spend 15-20 minutes fiddling with the software to make it do what I want it to do. It just works. And that means, I can spend more time doing client work, and managing projects and sales.
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ScreenShots

ZipBooks Screenshots

Screenshot of ZipBooks DashboardScreenshot of ZipBooks TransactionsScreenshot of ZipBooks InvoicingScreenshot of ZipBooks Accountant Messaging