Wave vs Xero Bills

Wave's invoicing software helps businesses create and send invoices, receive payments, and manage customer information. Invoice templates can be customized with a logo and brand colors using drag-and-drop editing. It supports recurring invoices and automatic credit card payments for repeat customers. Customers can pay by credit card, bank payment (ACH/EFT), or Apple Pay, and invoice and payment information connects to Wave's accounting feature. The free Starter plan costs nothing and includes unlimited estimates, invoices, bills, and bookkeeping records; online payments have transaction fees. Pro costs $19 a month and adds automatic bank transaction import, transaction merging and categorization, receipt capture, expense tracking, and late-payment reminders. Wave lists integrations including Amazon, eBay, Capsule, and Etsy, with workflows through Make. Connecting or maintaining Partner integrations and Make requires Pro or a Wave Advisors bookkeeping subscription; third-party API connections also require an active Pro or Wave Advisors package. Wave says it is not HIPAA-compliant and does not support healthcare-related businesses.

Xero Bills is a paid accounting product with mobile apps for Android and iOS. Listed functions include bank feeds, automated reconciliation, invoice creation, receipt capture, inventory tracking and accountant access. The Early plan costs $25 a month and includes 20 invoices and 5 bills. Growing costs $55 a month and includes a 60-day cash-flow forecast. Established costs $90 a month and includes a 180-day cash-flow forecast. Each subscription auto-renews monthly. There is no free plan. The product is associated with Xero Bills, headquartered in Melbourne, Australia, and the maker was founded in 2006. These plan details state the included invoice and bill allowance on Early and the forecast periods on the two higher plans. Mobile availability is listed for both iOS and Android.