Wave vs Zoho Books

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.

Zoho Books is an accounting service for invoices, bills, banking, inventory, expenses, projects, reporting, and online payments. It includes bank feeds, automated reconciliation, receipt capture, and accountant access, with dedicated iOS and Android apps. Inventory tools cover stock tracking, reorder alerts, warehouses, serial numbers, batch tracking, and bin locations. It supports foreign transactions with exchange rates applied in real time, and changes sync across devices with automatic cloud backup. Transactions use two-factor authentication and SSL encryption; Zoho Books does not store credit card information. The free plan includes one user and one accountant, allows five scheduled reports, and remains available indefinitely while annual revenue is at or below $50K. Standard costs $15 a month with annual billing. A 14-day free trial is available. Subscriptions are pay-as-you-go without a contract commitment and can be cancelled. Support hours are Monday to Friday, 9 am to 9 pm ET, with channels varying by plan.