Wave vs HostBooks Comparison

94% 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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89% 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

HostBooks

Accounting Software

4.6 5 user ratings

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Overview

Description	An accounting software meant to provide various accounting services to small scale businesses with professional expertise and quality. Wave provides services like Invoicing, Accounting and Receipt scanning without charging a penny to its clients, whereas, features like Payments, Payroll and all the other features that a company might be looking for in an online accounting software are provided at very affordable price. If used efficiently, it can help a company save a lot of money on its accounting activities. This is a very good option for any small business looking for an online solution to handle accounts. Read more	HostBooks serves as an all-in-one accounting and GST solution for small businesses and professionals. It offers reliable services related to GST, e-invoice, e-way bill, income tax, TDS, HB Neo and CRM. e-Invoices generated with HostBooks facilitate automated supplier exchange and validation along with hassle-free integrations. The invoice data can be further reconciled with GSTR-1 and EWB over single-click commands. Further, business templates can be customised according to the needs of the organisation. Integrated NeoBank facility makes it easier for users to execute control over accounting and banking related tasks, sync existing accounts and reconcile receipts as well. Further, the waybills generated over this platform are flexible enough to be shared on any social application for communication to be sent to the transporter, consignee or the consignor. Customer Relationship Management (CRM) functionality provided by the same can be used to streamline digital campaigns, robust reporting, lead generation and management. An integrated financial assistant NoVa present within is also of great help. Read more
Pricing Options	Free Trial Not Available Starts at $14.16. Offers Free-forever plan.	Free Trial Not Available HostBooks Offers Custom plan.
SW Score & Breakdown	94% 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 84% Momentum 68% Popularity 91%	89% 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 98% Reviews 70% Momentum 61% Popularity 86%
SaaSworthy Awards	# 7 Fastest Growing # 4 Most Popular	# 14 Fastest Growing # 12 Most Popular

Features

Total Features	18 Features	16 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 + 13 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	Available

Reviews & Ratings

User Rating	4.1/5 1,834 user ratings	4.6/5 5 user ratings
Rating Distribution	Excellent 49.3% Very Good 34.1% Average 5.3% Poor 2.5% Terrible 8.8%	Excellent 60% Very Good 40% Average 0% Poor 0% Terrible 0%
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 HostBooks Offers Custom plan.
Pricing Plans Monthly Plans Annual Plans	Starter Plan Free PRO Plan $14.16 $16.00 per month	Hostbooks Custom
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