Are you trying to pick the right money-managing tool for your business?
It can feel like a big puzzle!
Two names you might have heard are Dext and Wave.
In this article, we’ll look closely at Dext vs Wave.
We’ll break down what they do and how they can help your business shine.
Let’s get started!
Overview
We took both Dext and Wave for a spin, just like you might.
We tried out their main features.
We looked at how easy they were to use.
This helps us show you how they stack up against each other.
Ready to reclaim 10+ hours a month? See how Dext’s streamlines your finances.
Pricing: It has a free trial. The premium plan starts at $24/month.
Key Features:
- Receipt Scanning
- Expense Reports
- Bank Reconciliation
Ready to make smarter business moves? Analyze your Wave data!!
Pricing: It has a free trial. The premium plan starts at $16/month.
Key Features:
- Invoicing
- Payments
- Estimates
What is Dext?
Okay, so what is Dext?
Think of it like a super smart helper for your papers.
It mostly takes care of things like bills and receipts.
You just snap a picture, and Dext gets all the important info.
Pretty neat, huh?
Also, explore our favorite Dext alternatives…
Ready to reclaim 10+ hours a month? See how Dext’s automated data entry, expense tracking, and reporting can streamline your finances.
Key Benefits
Dext really shines when it comes to making expense management a breeze.
- 90% of users report a significant decrease in paper clutter.
- It boasts an accuracy rate of over 98% in extracting data from documents.
- Creating expense reports becomes incredibly quick and easy.
- Integrates smoothly with popular accounting platforms, such as QuickBooks and Xero.
- Helps ensure you never lose track of important financial documents.
Pricing
- Annually Subscription: $24
Pros
Cons
What is Wave?
Okay, let’s talk about Wave.
Think of it like a helpful friend for your business money.
It lets you do things like send invoices and track what money comes in and goes out.
It can help you see the big picture of your business finances.
Also, explore our favorite Wave alternatives…
Ready to make smarter business moves? Analyze your Wave data!!
Key Benefits
Wave shines in a few special ways:
- It offers free accounting software for many small businesses.
- You can easily send out about unlimited invoices to your customers.
- It lets you connect to unlimited bank and credit card accounts.
- Wave helps you track income and expenses in one place.
- It supports multiple businesses under one account.
Pricing
Here’s the deal with Wave’s pricing:
- Starter: $0/month
- Pro: $16/month
Pros
Cons
Feature Comparison
Okay, let’s see how Dext and Wave measure up!
Looking at them side-by-side can really help you decide.
Accounting Software Category
- Wave: Wave works as a full accounting platform. It helps with invoices, keeping track of money, and simple reporting.
- Dext: Dext is more of a tool to get your papers into your other money software. It helps other platforms work better.
User Rating and Review
- Wave: People rate Wave as easy to use, especially if you have a small business. Many user reviews like that the basic accounting is free.
- Dext: Dext often gets good marks for saving time when you enter data. Users say it makes dealing with expenses easier.
Invoice and Expense Tracking
- Wave: With Wave, you can make and send invoices. It also helps you watch the money coming in and going out.
- Dext: Dext helps you take pictures of receipts and invoices and then pulls the information from them. This info can then go to your accounting software.
Financial Reporting
- Wave: Wave gives you basic money reporting, like showing if you made a profit or lost money. These reports give you a general idea of how your business is doing.
- Dext: Dext doesn’t make full money reports on its own. But it helps you get the info you need so other tools can make those reports.
Integration and Compatibility
- Wave: Wave can connect to some ways to get paid online. This makes it easier for customers to pay your invoices.
- Dext: Dext can work with popular accounting tools. For example, it can send the info it collects to QuickBooks and Xero.
Email Communication
- Wave: Wave lets you email invoices and payment reminders directly to your customers. This can help you get paid faster.
- Dext: Dext can extract information from invoices and receipts that you receive via email, making it easier to process these documents.
Ease of Use and Screenshots
- Wave: Wave is made to be easy for small business owners to understand, even if they don’t know a lot about accounting. The screenshots of the software look simple and clean.
- Dext: Dext is pretty straightforward for what it does: taking in and organizing documents. The phone app makes it easy to snap photos of receipts and upload them.
What to look for when choosing an Accounting Software?
Here are some extra things to think about:
- Scalability: Can the software grow with your business?
- Support: What kind of help is available if you have questions?
- Ease of Use: Is it something you and your team can learn quickly?
- Specific Needs: Does it handle the unique things your business does?
- Security: How safe is your financial data with this software?
Final Verdict: Our Pick
So, we’ve looked at both Dext and Wave.
If you need free and easy accounting software that does a bit of everything, Wave is a great choice.
It helps with invoices and tracking your money without costing you upfront.
However, if you already have accounting software like QuickBooks or Xero and hate typing in lots of information from receipts and invoices, Dext is super helpful.
It saves you time and makes things more accurate.
We spent time really checking these out, so we hope this helps you decide!
Think about what your business needs most right now.
Picking the right tool can make a big difference in keeping your money organized.
More of Dext
- Dext vs Puzzle IO: Dext excels in bookkeeping automation, while Puzzle IO focuses on versatile puzzle-based solutions.
- Dext vs Synder: Dext automates data capture and streamlines bookkeeping; Synder specializes in e-commerce transaction synchronization.
- Dext vs Easy Month End: Dext automates pre-accounting tasks, whereas Easy Month End likely simplifies period-end processes.
- Dext vs Docyt: Dext automates data extraction; Docyt offers AI-powered full bookkeeping and workflow automation.
- Dext vs RefreshMe: Dext automates bookkeeping data capture, while RefreshMe’s standout features are not clearly evident in the search results.
- Dext vs Sage: Dext integrates seamlessly with Sage, offering AI-powered data extraction for efficient bookkeeping.
- Dext vs Zoho Books: Dext focuses on bookkeeping automation, while Zoho Books provides comprehensive accounting and CRM features.
- Dext vs Quicken: Dext automates business bookkeeping; Quicken is personal finance software with bill payment features.
- Dext vs Hubdoc: Dext offers highly accurate data capture and scalability for bookkeeping automation, unlike Hubdoc.
- Dext vs Expensify: Dext provides strong bank integration and travel management; Expensify excels in user-friendly expense report creation.
- Dext vs QuickBooks: Dext automates data capture for bookkeeping, complementing QuickBooks’ accounting capabilities.
- Dext vs AutoEntry: Dext offers comprehensive bookkeeping automation with AI-powered OCR, similar to AutoEntry’s data entry focus.
- Dext vs FreshBooks: Dext automates bookkeeping data; FreshBooks offers invoicing, time tracking, and accounting for service-based businesses.
- Dext vs NetSuite: Dext automates bookkeeping data entry, while NetSuite is a comprehensive ERP system with broad functionalities.
More of Wave
- Wave vs Puzzle IO: Wave offers free basic accounting; Puzzle IO provides AI-powered financial planning and real-time dashboards for startups.
- Wave vs Synder: Wave provides free accounting essentials; Synder specializes in automated synchronization of e-commerce and SaaS financial data.
- Wave vs Easy Month End: Wave offers free accounting software; Easy Month End streamlines and automates month-end closing processes for finance teams.
- Wave vs Docyt: Wave offers free basic accounting features; Docyt provides AI-powered intelligent automation for bookkeeping and back-office tasks.
- Wave vs RefreshMe: Wave offers free accounting and invoicing; RefreshMe focuses on personal finance management, budgeting, and credit monitoring.
- Wave vs Sage: Wave provides free accounting for small businesses; Sage offers a wide range of accounting solutions, including advanced features and scalability.
- Wave vs Zoho Books: Wave offers free accounting software with basic features; Zoho Books provides integrated accounting, CRM, and business management tools.
- Wave vs Quicken: Wave is free accounting software for small businesses; Quicken is personal finance software for managing household finances.
- Wave vs Hubdoc: Wave offers free accounting with receipt scanning; Hubdoc focuses on automated document capture and data extraction for bookkeeping.
- Wave vs Expensify: Wave provides free accounting and expense tracking; Expensify excels in automated expense report creation and management with SmartScan.
- Wave vs QuickBooks: Wave offers free core accounting functions for small businesses; QuickBooks is a comprehensive accounting solution with broader features and scalability.
- Wave vs AutoEntry: Wave provides free accounting with receipt scanning; AutoEntry specializes in automated data entry from invoices and receipts.
- Wave vs FreshBooks: Wave offers free accounting and invoicing for small businesses; FreshBooks is tailored for service-based businesses with strong invoicing and project tracking.
- Wave vs NetSuite: Wave offers free basic accounting for small entities; NetSuite is a comprehensive ERP system with extensive business management functionalities beyond just accounting.
Frequently Asked Questions
What is the main difference between Dext and Wave?
Wave is an all-in-one accounting platform offering free basic accounting, invoicing, and expense tracking. Dext focuses on efficient data capture from receipts and invoices, often integrating with other accounting software.
Is Wave completely free to use?
Wave offers a free plan for its core accounting, invoicing, and receipt scanning features. However, they charge fees for online payments, payroll services, and expert bookkeeping support.
Does Dext work on its own as accounting software?
No, Dext is primarily designed to work alongside other accounting software like QuickBooks or Xero. It helps to streamline the process of getting financial data into those platforms.
Which software is better for a very small business or freelancer?
Wave is often a great starting point for very small businesses and freelancers due to its free basic features and ease of use for invoicing and expense tracking.
Can I switch my data from Dext to Wave or vice versa?
Direct data transfer between Dext and Wave might not be seamless. You would likely need to export data from one platform and import it into the other, potentially requiring some manual work.
