Oct 25, 2022
If any of the reasons listed above resonate with you, it might be time to explore alternatives to BILL for your accounts payable needs. The options below represent some of the best of the competition and include tools designed with every type of business in mind. When you’re looking for a new software solution, it’s a constant battle between efficiency, cost, and scalability. For many small and mid-sized businesses BILL (formerly Bill.com) was the go-to tool for all things accounts payable and spend management. But after nearly two decades, BILL is starting to show its age, fancy rebrand notwithstanding. QuickBooks Online excels at providing detailed financial reports, allowing business owners to understand the financial health of their business and make informed decisions.
Billdu gloats a severe level of invoice and receipt format customization and plans to give an all-encompassing client experience through cutting-edge features. Features include customizable dashboards that provide a real-time view of your financial data. You can also benefit from robust budgeting and planning tools to forecast future financial needs. Sage Intacct supports time and expense management, helping you track project-related costs effectively. Sage Intacct is a cloud-based financial management solution for medium to large businesses. It offers advanced tools for managing core financials, project accounting, and compliance.
Pricing is very straightforward; there’s only one paid plan that includes all the features. You’ll also find a wide range of management reports and financial statements that can be used for reporting. Unlike other software that limits the number of users, Xero doesn’t impose any limits. Xero is suitable for many markets, such as e-commerce, IT, legal, and retail. Try Bloom’s invoice generator to create unlimited invoices for free, no strings attached. User reviews act as a compass, guiding you towards alternatives that not only meet your functional requirements but also align with the user experience expectations of your team.
Beyond basic accounting, it introduces tools like expense tracking and inventory management. Zoho Books is an online business accounting software designed for small businesses and freelancers. It handles invoicing, expense management, and tax compliance to simplify your financial tasks.
The flexibility of Synder’s pricing plans allow businesses to smoothly scale their accounting management as their operations grow and evolve. Add here the top-notch customer support and you get an idea why Synder looks a compelling choice for businesses looking to enhance their financial management capabilities. Another aspect worth considering is the absence of time-tracking features within Wave’s accounting software.
While BILL does offer integrations with popular enterprise accounting software like Sage, Xero, NetSuite, and Quickbooks, smaller businesses may struggle to connect BILL to their other systems. BILL integrates natively with just a handful of other tools, including Tallie, HubDoc, Tax1099, and Earth Class Mail. ZarMoney is at the top of the list of alternatives to Wave Accounting because of its amazing accounting and reporting capabilities. It uses a double-entry system for accurate financial records and provides detailed reports. The ability to adjust or redefine categories and the option to edit transactions in bulk provide more control over financial records. Xero offers a complete and all-inclusive financial management solution suitable for businesses of all sizes.
Take a look at the top Wave Accounting alternatives to see which is right for your small business. For a more in-depth look at FreshBooks’ features, pros and cons, read our FreshBooks review. Some of the links that appear on the website are from software companies from which CRM.org receives compensation. By clicking “See Rippling,” you agree to the use of your data in accordance with Rippling’s Privacy Notice, including for marketing purposes. As we definitely know, being an entrepreneur implies managing invoices consistently to monitor the enterprises you deal with and the installments you get. As CFOs, we know how critical and difficult it is to make the right decision when selecting software.
Invoice Ninja is ideal for small businesses that need invoicing and basic financial management but aren’t quite ready for a full-on accounting program such as Wave. It’s worth noting that the cheapest plan has limitations on invoicing and only has basic features. QuickBooks Online is one of the biggest names in accounting — and for good reason. The software has an incredible number of features, strong accounting, good payroll and tax support, and tons of integrations.
Using AI, Rippling automatically captures bill details (invoice date, due date, amount, vendor name, addresses, etc.), streamlining data entry and reducing manual effort. To find the right fit, consider how these common features would impact your finance team’s day-to-day. Nimble and lightweight, with competitive pricing, Plooto is well-suited to smaller organizations with a limited budget and straightforward accounting needs. For businesses in highly regulated industries that want to exercise financial control, Brex may fit the bill.
Kashoo also has two paid small-business accounting plans, both of which have enough features to compare favorably to big-name competitors like QuickBooks and Xero. Whether you opt for Kashoo’s invoicing app or more robust accounting plan, you’ll get the same direct line to customer support with top-notch level of customer service and tech support. Unlike Wave Accounting and Xero, Kashoo’s customer service is available both over the phone and via email. Unlike Wave, all of Xero’s plans include unlimited users at no additional cost. Zoho Books is among the most fully-featured accounting software providers on our list — even more so than industry favorite QuickBooks Online.
The larger the plan, the more invoices, features, and user seats you have access to. Payments are made monthly, although there is a discount for purchasing an annual subscription. While not as well-known as QuickBooks or Xero, the alternatives to wave accounting software offers almost all the same features at a much more affordable cost. Add strong mobile apps, excellent customer service, and some of the best invoicing on the market, and Zoho Books becomes a great contender for businesses looking for a Wave alternative.
Businesses that bill clients based on hourly work or require robust time management integration might regard it as a significant shortcoming. Still, it’s worth mentioning that Wave can integrate with third-party time-tracking tools, but it might require additional effort and expenses. On the positive side, Bill.com can help busy finance teams streamline accounts payable by automating invoice processing. Integrations with popular accounting systems like QuickBooks and NetSuite keep your company’s books clean and up to date.
While many of its features, including AP automation and invoice management, may appeal to businesses of all sizes, leaner teams with tighter budgets may feel put off by the pricing. If you’re looking for a spend or expense management tool with a free trial option, consider alternatives like Zoho for basic vendor payments and invoicing. With a solid accounting core, it delivers detailed financial reports for businesses. It offers easy-to-use online payment features, including handling credit card transactions, which helps make finances smooth.
FreshBooks offers an innovative approach to financial tasks and comes fifth on the list of alternatives to Wave Accounting. FreshBooks optimize accounting processes by automating daily accounting tasks, including invoicing, payment acceptance, cost monitoring, billable time tracking, and financial reporting. Integration capabilities are crucial in the modern business environment, where tools need to work harmoniously to enhance overall efficiency. Evaluate how well each alternative integrates with your existing systems, minimizing disruptions to your workflow.
QuickBooks Solopreneur’s features are geared directly toward freelancers and address common self-employment issues, such as managing expenses, tracking deductions, and handling estimated quarterly taxes. QBO is a great choice for business owners who were drawn to Wave for its invoicing but want more features and additional users without sacrificing ease of use. While it’s more expensive than Wave’s $0/month, your money goes a long way in terms of features.
Additionally, QuickBooks increases its pricing much more frequently (and with much less advance warning) than other accounting solutions. If you sign up for QuickBooks, be aware that you might be paying more for the same plan a year down the line than you would initially. Below, we break down Wave’s top competitors by their features, pricing, pros and cons. We’ll also explain who Wave is best for and detail its strengths and weaknesses to help you decide if Wave or an alternative is the right financial solution for your small business. You can customize your invoices, add notes and messages, and even create and auto-send recurring invoices. You can also create invoice templates in order to avoid creating the same invoice over and over again.
Cloud-based SAP Concur is designed to streamline travel, expense, and invoice management. Because it captures data from hotels, airlines, and restaurants directly, it can be useful for companies with large numbers of traveling employees. BILL relies primarily on ACH payments to move funds, which can lead to delays in payment processing. For businesses that rely on gig workers or require a high degree of visibility over cash flows, this can lead to frustration.
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