Wave vs Botkeeper Comparison

93% SW Score The SW Score ranks the products within a particular category on a variety of parameters, to provide a definite ranking system. Read more

Wave

Accounting Software

4.1 1,834 user ratings

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84% SW Score The SW Score ranks the products within a particular category on a variety of parameters, to provide a definite ranking system. Read more

Botkeeper

Accounting Software

4.4 93 user ratings

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Overview

Description	Wave is an accounting software designed to offer professional-grade services tailored to small businesses. It provides essential tools like invoicing, accounting, and receipt scanning completely free, while premium features such as payments and payroll are available at affordable prices. This makes it a cost-effective solution for businesses looking to streamline their accounting processes without breaking the bank. By using Wave efficiently, companies can save time and money on their bookkeeping, freeing up resources to focus on growth. Wave’s intuitive platform allows small business owners to create professional invoices, accept online payments, and simplify their accounting—all in one place. It’s an ideal option for startups and small enterprises seeking an easy-to-use online solution to manage their finances. With Wave, users get the tools required to stay on top of their business while maintaining a budget-friendly approach.. Read more	Botkeeper is an AI-powered bookkeeping software, developed to help you expand your firm by bringing in more money without the need for more staff. It cuts overhead expenses by half, allowing your company to expand 10 times faster, and delivers bank-grade security. Botkeeper uses 256-bit encryption along with various additional best-in-class security processes, such as broad permissions, biometrics, and background checks, to secure your data. It combines the expertise of expert accountants with artificial intelligence, machine learning, and robotic process automation to provide the best user experience. It enables accounting businesses to offload the day-to-day blocking and tackling of bookkeeping (classifications, reconciliations, and data input) and focus on higher-level client advising services. The platform offers tools and assistance for partners with their own personalized branding and totally automates your bookkeeping department with human-assisted AI and machine learning that has been exposed to millions of financial transactions. Additionally, you can benefit from reduced manpower and overhead expenses, improved reporting and 24/7 real-time data input, and the ability to observe and verify the health of your company's outcomes. Read more
Pricing Options	Free Trial Not Available Starts at $14.16. Offers Free-forever plan.	Free Trial Not Available Starts at $69.00.
SW Score & Breakdown	93% SW Score The SW Score ranks the products within a particular category on a variety of parameters, to provide a definite ranking system. Read more Features The Feature Score % is calculated using the weighted average method, where core features hold more weight in the final calculation. Read more 100% Reviews 85% Momentum 64% Popularity 86%	84% SW Score The SW Score ranks the products within a particular category on a variety of parameters, to provide a definite ranking system. Read more Features The Feature Score % is calculated using the weighted average method, where core features hold more weight in the final calculation. Read more 91% Reviews 83% Momentum 60% Popularity 80%
SaaSworthy Awards	# 7 Fastest Growing # 4 Most Popular	# 12 Fastest Growing

Features

Total Features	18 Features	13 Features
Common Features for All	Accounts Payable Handling the money owed by a business to its suppliers. Accounts Receivable Handling the money the client owes to the company. Bank Reconciliation Matching the balances of an entity's accounting records with the corresponding information on a bank statement. Billing and Invoicing This feature helps in issuing and handling the invoice and bills. Budget Forecasting Helps to create budgets using past performance and future projections. Forecasting uses data, trends, and analytics to predict revenue, expenses, and cash flow. CPA Firms Offers collaboration with a professional expert for financial and consulting services. Cash Management Collection and management of cash. Collections Recovery of cash from a business or individual. Expense Tracking Keep a count of your day to day expenses as well as allows you to quickly identify where the expense report is in the approval process. Fixed Asset Management Helps in tracking fixed assets for the purposes of financial accounting, preventive maintenance, and theft deterrence. General Ledger Maintaining and recording all the accounting related transactions. Multi-Currency Enables payment and collection in multiple currencies. Payroll Handling the salary payable to the employees Project Accounting Creation of financial reports specifically designed to track the financial progress of projects Purchasing Acquiring goods or services required for the business at minimal cost Revenue Recognition Determining the specific conditions under which revenue is recognized or accounted for Spend Management Managing the expenditure of a business in order to build its product or services Tax Management Management of finances for payment of tax as well as assessing the advance tax liability to pay your tax in time + 15 More - Show Less	Accounts Payable Handling the money owed by a business to its suppliers. Accounts Receivable Handling the money the client owes to the company. Bank Reconciliation Matching the balances of an entity's accounting records with the corresponding information on a bank statement. Billing and Invoicing This feature helps in issuing and handling the invoice and bills. Budget Forecasting Helps to create budgets using past performance and future projections. Forecasting uses data, trends, and analytics to predict revenue, expenses, and cash flow. CPA Firms Offers collaboration with a professional expert for financial and consulting services. Cash Management Collection and management of cash. Collections Recovery of cash from a business or individual. Expense Tracking Keep a count of your day to day expenses as well as allows you to quickly identify where the expense report is in the approval process. Fixed Asset Management Helps in tracking fixed assets for the purposes of financial accounting, preventive maintenance, and theft deterrence. General Ledger Maintaining and recording all the accounting related transactions. Multi-Currency Enables payment and collection in multiple currencies. Payroll Handling the salary payable to the employees Project Accounting Creation of financial reports specifically designed to track the financial progress of projects Purchasing Acquiring goods or services required for the business at minimal cost Revenue Recognition Determining the specific conditions under which revenue is recognized or accounted for Spend Management Managing the expenditure of a business in order to build its product or services Tax Management Management of finances for payment of tax as well as assessing the advance tax liability to pay your tax in time + 10 More - Show Less

Technical Details

Organization Types Supported	Freelancers Large Enterprises Medium Business Small Business	Freelancers Large Enterprises Medium Business Small Business
Platforms Supported	SaaS/Web/Cloud Mobile - Android Mobile - iOS	SaaS/Web/Cloud Mobile - Android Mobile - iOS
Modes of Support	Business Hours Online	Business Hours Online
API Support	Available	NA

Reviews & Ratings

User Rating	4.1/5 1,834 user ratings	4.4/5 93 user ratings
Rating Distribution	Excellent 49.3% Very Good 34.1% Average 5.3% Poor 2.5% Terrible 8.8%	Excellent 63.4% Very Good 21.5% Average 11.8% Poor 2.2% Terrible 1.1%
User Sentiments	Ease of Use, Free Accounting Software, Professional Invoicing, Automated Recurring Invoices Unreliable Payment Processing, Poor Customer Support, Inadequate Bank Synchronization, Limited Mobile App Functionality	Not Available
Review Summary	Wave Apps receives overwhelmingly negative reviews, particularly regarding its customer service and payment processing. Users complain of difficulties accessing funds, unreliable bank connections, and a lack of responsiveness from support. The free accounting software is lauded for its simplicity and basic functionality, but many users find the platform lacking in advanced features and have ultimately switched to paid software like QuickBooks.	Not Available
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Pricing

Pricing Options	Free Trial Not Available Starts at $14.16. Offers Free-forever plan.	Free Trial Not Available Starts at $69.00.
Pricing Plans Monthly Plans Annual Plans	Starter Plan Free PRO Plan $14.16 $16.00 per month	Infinite Platform $69.00 $69.00 per month
	View Detailed Pricing	View Detailed Pricing

Alternatives

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