QuickBooks offers a more comprehensive suite of accounting tools suitable for larger businesses, while Wave is a free, user-friendly option ideal for small businesses with basic accounting needs.
Wave
Pros:
Free to use
User-friendly interface
Basic accounting features suitable for small businesses
Good customer support
Mobile app available
Cons:
Limited features compared to paid software
No payroll functionality in the free version
Less customization available
QuickBooks
Pros:
Comprehensive accounting features
Invoicing and payment processing
Strong reporting capabilities
Multi-currency support
Integrations with various third-party applications
Cons:
Can be expensive for larger businesses
Steeper learning curve for beginners
Limited customer support options for lower-tier plans