Home - Versus - Accounting - Wave vs Finaloop

Wave vs Finaloop

Wave vs Finaloop
Table of Contents:
September 27, 2023

The main difference between Wave and Finaloop is that Finaloop is quite more expensive than Wave.

In this versus, we compare Wave vs Finaloop in-depth to help you choose one of them. If you want to know more details, we recommend you to read our Wave review and Finaloop review.

However, you can also directly find the Best Accounting Software, we list them by ranking (based on our review rating), you can find all the comparisons we made and we explain how you should choose the proper one.

Here is what we will talk about in the rest of this article:

Table of contents open

Quick overview

Wave vs Finaloop at a Glance

To make your choice quick and efficient, here is a short summary about our comparison of Finaloop vs Wave. Find out their ratings, features, prices and then discover the winner of the versus.

Pros and Cons comparison

9.1
Wave Review, Pricing, Features with Pros and Cons

Wave Review, Pricing, Features with Pros and Cons

In this Wave review, you’ll find more information about its features, pricing, pros and cons and why you should …
Visit Wave
Read full review
Average Score 9.1
Customer support
8.9
Value for money
9.2
Ease of use
9.2
Features
9.1
PROS:
  • Cost-effective
  • Cloud-based
  • Feature-rich
CONS:
  • Reliability issues
  • Some challenging features
  • Poor customer service
Visit Wave
9.2
Finaloop Review, Pricing, Features with Pros and Cons

Finaloop Review, Pricing, Features with Pros and Cons

In this Finaloop review, you’ll find more information about its features, pricing, pros and cons and why you should …
Visit Finaloop
Read full review
Average Score 9.2
Customer support
8.9
Value for money
9.3
Ease of use
9.3
Features
9.4
PROS:
  • Automated expense tracking
  • User-friendly interface
  • Personalized budget management
  • Advanced analytics and visual reporting
  • Multi-platform syncing
CONS:
  • Limited integrations
Visit Finaloop

Specifications comparison

DetailsWaveFinaloop
FeaturesAccounting management / Accounting software sync / Bank Connections / Billing and Account Management / Easy Payments / Invoice Management / Make Payroll 90% Faster / Online Payments / Personalized help / Recurring Payments / Scan receipts / Track & Pay BillsAccrual / Cash Basis Flexibility / Always Up-to-Date P&L & Balance Sheet / Bills Issuance and Reconciliation / Dedicated & Responsive Bookkeeping Team / Expert Review & Support / Inventory Management for E-commerce and Wholesale / Invoices for Wholesale and Retail / Real-Time Cash-Flow Analysis / Real-Time Transaction Categorization / Sales Tax Liability Tracking / Tax Deduction Optimization / Unlimited Platform Integrations / View and Status of Multichannel Orders
Best suited forIndividuals, Freelancers, Small businessesIndividuals, Freelancers, Small businesses, Mid size businesses
Website languagesEnglishEnglish
Website URLVisit official websiteVisit official website
Support linkSupport pageSupport page
Support emailsupport@waveapps.comhello@finaloop.com
Live chatNoNo
Company addressN/AGreater New York Area, East Coast, Northeastern US
Year founded20102019

Pricing comparison

Compare the price between Wave vs Finaloop

Find out which software has the best valuable pricing, which one offers a free trial and money back guarantee.

Pricing comparisonWaveFinaloop
Pricing rangeFrom $8 to $149 per monthFrom $65 to $995 per month
Pricing typesAnnual subscription / Commission based / Monthly subscription / Pay-per-useMonthly subscription
Free planYesNo
Free trialYes, 30 daysNo
Money back guaranteeNoNo
Pricing page linkSee plansSee plans

Wave Pricing details

Dive into Wave Accounting’s transparent pricing structure, tailored to empower businesses of all sizes.

From Free invoicing tools that let you shine professionally to expert advisory services, Wave offers a spectrum of options to fit your financial needs. With prices ranging from complimentary to specific pick-a-plan models, there’s a solution for every budget.

Wave pricing

Invoicing : “Look like a pro”

    • Price: FREE
    • Features:
      • Present a professional image, even when working from home.
      • Design invoices that mirror your brand’s identity.
      • Automate reminders for payments.
      • Enable payments via credit card, bank transfers, and Apple Pay directly from invoices.

Accounting : “Always be organized”

    • Price: FREE (pay per use)
    • Features:
      • Track income and expenses without limitations.
      • Collaborate with an unlimited number of partners, collaborators, or accountants.
      • Quick insights into client charges via the dashboard.
      • Connect unlimited bank and credit card accounts.
      • Access crucial reports like Overdue Invoices & Bills and Profit & Loss.

Payments : “Get paid faster”

    • Price: per use
    • Credit Cards: 2.9% + $0.60 USD per transaction; 3.4% + $0.60 USD per AMEX transaction
    • Bank payments: 1% per transaction ($1 USD minimum fee)
    • Features:
      • Offer multiple payment methods to clients, including bank deposits, credit cards, and Apple Pay.
      • Eliminate manual entries as Wave syncs invoice payments to the accounting dashboard.
      • Ensure positive cash flow with fast payouts.
      • Implement recurring billing for regular clients.

Mobile receipts : “Ditch the shoebox”

    • Monthly Subscription: $8 USD billed monthly or $72 USD billed annually (Save 25%)
    • Features:
      • Efficiently scan unlimited receipts and import up to 10 at once.
      • Digitally store and access all expense data.
      • Secure backup of receipts in the cloud.
      • Monitor business expenses without manual bookkeeping.
      • Simplify tax preparations with organized records.

Payroll : “Pay staff in minutes”

    • Tax service states: $40 USD monthly fee + $6 USD per active employee + $6 USD per independent contractor paid
    • Self service states: $20 USD monthly fee + $6 USD per active employee + $6 USD per independent contractor paid
    • Features:
      • Streamlined payments to employees and contractors.
      • Direct deposit to employee bank accounts.
      • Provide employees with a portal for paystubs and tax forms.
      • Access essential tax documents with ease.
      • Ensure accuracy and compliance without the complexities.

Advisors : “Access experts, any time”

    • Bookkeeping support: $149 USD monthly fee
    • Accounting & payroll coaching: $379 USD one-time fee (other packages available)
    • Features:
      • Receive guidance from experts in bookkeeping, accounting, and payroll.
      • Ideal for those new to accounting or aiming to master Wave.
      • Get personalized advice aligned with business objectives.
      • Engage with advisors throughout the year, not just during tax season.
Visit Wave official website

Finaloop Pricing details

Finaloop adopts a unique and tailored pricing approach based on projected gross revenue, ensuring flexibility and scalability for users. The platform offers pricing tiers corresponding to different revenue brackets, ranging from up to $100k to $10M, and even up to $200M.

This structure enables you to align your financial management needs with the most appropriate plan. The basic features are provided in all the plans but if you wish to unlock more advanced tools then you may subscribe to add-ons as well.

You can effectively choose the plan that matches your financial situation. This ensures that you are charged according to your projected gross revenue.

This approach makes Finaloop’s pricing plans accessible and inclusive by allowing businesses of various sizes to benefit from the platform’s financial management solutions.

finaloop pricing

Revenue Up to $100K ($65/month)

It includes:

  • Unlimited platform integrations & up to 15 bank/credit card accounts
  • Accrual / Cash basis flexibility
  • Always up-to-date P&L & Balance Sheet
  • Real-time cash-flow analysis
  • Real-time transaction categorization
  • Inventory management for E-commerce and wholesale
  • View and status of multichannel orders
  • Invoices for wholesale and retail
  • Bills issuance and reconciliation
  • Sales tax liability tracking
  • Income tax deduction optimization
  • Dedicated & responsive bookkeeping team
  • Ability to sync to QBO (optional)

You can also buy Add-on Finaloop full-service tax solution for Only $99/ month

It is payable for all 12 months included in a tax return and it includes:

  • Annual federal business income tax return prep ready for e-filing
  • State income tax prep (up to 1 state) ready for e-filing
  • Form 1099-NEC prep and e-filing
  • Tax deduction optimization
  • Expert review & support

Revenue Up to $500K ($155/month)

It includes all the features from the $100K plan.

  • The Add-on price is increased to $110/ month

Revenue Up to $1.5M ($245/month)

It includes all the features from the $100K plan.

  • The Add-on price is increased to $135/ month

Revenue Up to $3M ($395/month)

It includes all the features from the $100K plan.

  • The Add-on price is increased to $160/ month

Revenue Up to $6M ($745/month)

It includes all the features from the $100K plan.

  • The Add-on price is increased to $230/ month

Revenue Up to $10M ($995/month)

It includes all the features from the $100K plan.

  • The Add-on price is increased to $295/ month

Revenue between $10M – $200M (Custom pricing)

It includes all the features from the $100K plan.

Visit Finaloop official website

Related Articles
2020 - 2024 © Ciroapp.com - Made by Socialligator
About us
Ciroapp
Logo