Wave vs Xero
A detailed comparison of Wave and Xero in 2026. Compare pricing plans, features, and find out which finance service is right for you.
Wave
Free accounting and invoicing for small businesses
Wave is a financial and accounting service that provides free accounting and invoicing for small businesses. Founded in 2010 and headquartered in Toronto, Canada, Wave offers 2 pricing plans. It offers a free tier as well as paid plans starting from $16/month. Key features include Free accounting, Invoicing, Receipts scanning, Payments. Wave is a popular choice for users looking for quality finance subscriptions.
Xero
Cloud accounting software for small businesses
Xero is a financial and accounting service that provides cloud accounting software for small businesses. Founded in 2006 and headquartered in Wellington, New Zealand, Xero offers 3 pricing plans. Plans start from $13/month. Key features include Bank reconciliation, Invoicing, Payroll, Projects. Xero is a popular choice for users looking for quality finance subscriptions.
Feature Comparison
Side-by-side comparison of features and capabilities
| Feature | Wave | Xero |
|---|---|---|
| Starting Price | Free | $13/mo |
| Plans Available | 2 | 3 |
| Year Founded | 2010 | 2006 |
| Headquarters | Toronto, Canada | Wellington, New Zealand |
| Free accounting | ||
| Invoicing | ||
| Receipts scanning | ||
| Payments | ||
| Payroll | ||
| Reports | ||
| Bank reconciliation | ||
| Projects | ||
| Expenses | ||
| Multi-currency |
Pricing Comparison
Compare all available plans and pricing tiers
Wave Pricing
Xero Pricing
Frequently Asked Questions
Is Wave or Xero better in 2026?
Both Wave and Xero are excellent finance services. Wave offers Free accounting and Invoicing, while Xero features Bank reconciliation and Invoicing. The best choice depends on your specific needs and budget.
How much does Wave cost compared to Xero?
Wave starts at $16/month, while Xero starts at $13/month. Both offer multiple pricing tiers to fit different budgets.
Can I track both Wave and Xero subscriptions?
Yes! TrackMySubscriptions lets you track all your subscriptions in one place, including Wave and Xero. Get renewal alerts, spending analytics, and never miss a payment — 100% free.
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Track Both Services in One Dashboard
Whether you choose Wave, Xero, or both — track all your subscriptions in one place with smart alerts and analytics.