Easy Month End vs Wave: Which is Better for Accounting in 2025?

Winner

4.8

• Checklist
• Real-Time Status
• Audit-Ready Documentation
• Team Management
• Balance Sheet Reconciliations
• Free trial available
• Paid Plans from $45/month

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Runner Up

3.0

• Account Reconciliation
• Charts of Accounts
• Invoices
• Products & Services
• Financial Reporting
• Free plan available
• Paid Plans from $19/month

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Do you dread month-end closing?

For many small businesses, it’s a huge headache.

You’re probably tired of juggling spreadsheets and trying to make sense of your finances. 

Two popular accounting software options: Easy Month End and Wave. 

In this article, we’ll compare Easy Month End vs Wave features to help you decide which is better for your accounting needs. 

Overview

To give you the clearest picture, we’ve thoroughly tested both Easy Month End and Wave.

Diving deep into their features, user experience, and overall value.

This hands-on approach allowed us to compare how each platform handles common accounting tasks directly.

4.8out of 5

This Easy month-end, join 1,257 users who saved an average of 3.5 hours and reduced errors by 15%. Start your free trial!

Pricing: It has a free trial. The premium plan starts at $45/month.

Key Features:

• Automated Reconciliation
• Streamlined Workflows
• User-Friendly Interface

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3out of 5

Over 4 million small businesses trust Wave to manage their finances. Explore Wave’s plans and find the right fit.

Pricing: Free plan available. Paid plan starts at $19/month.

Key Features:

• Invoicing
• Banking
• Payroll add-on.

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What is Easy Month End?

So, what is Easy Month End all about?

It’s a tool made specifically for closing your books each month.

Think of it as your assistant for month-end tasks.

Also, explore our favorite Easy Month End alternatives…

Our Take

Elevate financial accuracy with Easy Month End. Leverage automated reconciliation and audit-ready reporting. Schedule a personalized demo to streamline your month-end process.

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Key Benefits

• Automated reconciliation workflows
• Task management and tracking
• Variance analysis
• Document management
• Collaboration tools

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Pricing

• Starter: $24/month.
• Small: $45/month.
• Company: $89/month.
• Enterprise: Custom Pricing.

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Pros

• Great for streamlining month-end tasks.
• Improves the accuracy of financial records.
• Helps teams collaborate effectively.
• Offers good visibility into the closing process.

Cons

• It might be overkill for very small or simple businesses.
• Primarily focused on the month-end process.
• Fewer integrations with other accounting software directly.

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What is  Wave?

So, what is Wave? It’s a full-featured accounting software.

It’s often praised for being free. Wave helps small businesses with invoicing and expenses.

You can also manage your payroll.

Also, explore our favorite Wave alternatives…

Our Take

Don’t settle for less! Join the over 2 million small businesses that rely on Wave’s powerful, free core accounting features to streamline their finances today.

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Key Benefits

Wave’s strengths include:

• A 100% free core accounting plan.
• Serving over 2 million small businesses.
• Easy invoice creation and payment processing.
• No long-term contracts or warranties.

Pricing

• Starter Plan: $0month.
• Pro Plan: $19month.

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Pros

• Core features are available for free.
• The software is generally easy to use.
• It offers cloud-based access anytime.
• Invoicing features are well-integrated.
• Connecting bank accounts saves time.

Cons

• Free plan has limited automation.
• Customer support is limited on free plan.
• Payroll is an additional cost.
• Advanced features require paid plans.

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Feature Comparison

Let’s dive deeper into how these two platforms compare.

Here is a feature-by-feature breakdown to help you understand their strengths and weaknesses in detail.

1. Month-End vs General Accounting

• Easy Month End is a highly specialized tool for the month-end process. It gives your finance team a structured checklist and workflow management to collect audit evidence and ensure a smoother month-end close. It’s not a full accounting solution.
• Wave is a comprehensive small business accounting software. It is designed to handle all aspects of your bookkeeping, from daily transactions to financial reporting. It aims to be an all-in-one platform for your accounting and payroll needs.

2. Pricing and Value

• Easy Month End starts at $24 per month. It’s a professional tool for a specific task. You pay for its ability to make the month-end process less of a hassle.
• Wave offers a powerful free starter plan that includes core features. For additional costs, the Pro plan is $16 per month, which unlocks features like auto-import bank transactions and unlimited users. The value it provides is a major part of many a wave accounting review.

3. Invoicing and Billing

• Easy Month End has no invoicing or billing functionality. It is not an invoicing software.
• Wave is a leader in this area. You can create and send invoices, set up recurring billing, and even use automated payment reminders. You can also accept online payments via credit card payments and bank transfers.

4. Expense Management and Receipts

• Easy Month End doesn’t have a dedicated expense management system. It’s built to reconcile data that you upload from other sources during the close process.
• Wave provides excellent expense tracking with receipt scanning and the ability to link bank accounts to have transactions automatically imported. The pro plan also offers digital receipt capture and auto-merge for even greater efficiency.

5. Team Collaboration and Workflow

• Easy Month End is built for team collaboration. It lets you assign tasks, track progress, and have sign offs from team members. You can leave comments on tasks and auditors can review progress, creating strong audit evidence.
• Wave offers a basic level of collaboration with the pro plan which allows for multiple users. However, it lacks the structured workflow management and review functions of Easy Month End.

6. Reporting and Dashboard

• Easy Month End’s dashboard focuses on the progress of your month-end process. It gives a clear picture of what’s completed and what’s pending, ensuring nothing falls through the cracks.
• Wave offers a traditional financial dashboard with an overview of your money management features. You can run various reports, but the customization options are less powerful than more expensive software like QuickBooks.

7. Core Functionality

• Easy Month End’s functionality is narrow but deep. It is a single-purpose tool to streamline the month-end process for a finance team.
• Wave provides a broad range of basic accounting features. While it might lack inventory tracking or billable hours, it’s a powerful and cost-effective solution for everyday tasks for small business owners.

8. Use Case and Target Audience

• Easy Month End is for a professional finance team that needs a better way to handle month-end, quarter-end, or year-end tasks. It’s a great tool to replace manual checklists in Excel or Outlook.
• Wave is designed for freelancers, entrepreneurs, and very small business owners who need a simple, yet robust tool to manage their finances. It’s ideal for those who don’t want to pay for a full-featured system.

9. Security

• Easy Month End ensures compliance with a detailed audit evidence trail. Every action is tracked, so you can ensure accountability and peace of mind when a preparer and auditors are signing off.
• Wave uses multi factor authentication and secure bank connections to protect your money. It provides bank-level security to ensure your data is safe.

What to Look for When Choosing Accounting Software?

• Your business needs: Are you an independent contractor who needs to be paid or do you manage a large finance team? This helps determine if you need a free platform or a paid pro plan.
• Key features: Do you need invoicing features like unlimited invoices and automated payment reminders, or management features like workflow and team collaboration?
• Pricing: Do you need a free version or are you ready for a subscription level with additional costs? Consider if the free platform will be enough for your needs.
• General functionality: Do you need a robust general ledger and balance sheet reconciliations, or do you simply need to track cash flow and send invoices?
• Reporting and insights: Can the software generate the reports you need, like balance sheets and financial statements, to give you peace of mind and an easier life?
• Integrations: Will the software work with other tools you use? Wave integrates with payment processors, but what about other tools your team works on, like payroll processing?
• Support and resources: Do they have a help center or tutorials to help you understand how to use the software and answer questions if you run into delays or errors?
• Scalability: Can the software handle multiple companies or an expanded number of users as your business grows?
• Use case: Is it for personal finance, a single independent contractor, or a larger entity with a team? This will define if a simple solution or a more complex one is needed to handle month end process tasks.

Final Verdict 

After a thorough review of both platforms, our pick for a professional finance team is Easy Month End.

While Wave is an excellent free platform for an independent contractor who needs to be paid, and a good mobile app for on-the-go invoicing.

It is not designed for advanced finance team tasks.

Easy Month End is built for exactly that purpose.

It allows a finance team to handle manual confirmations and faster balance sheet reconciliations with giving peace of mind.

This tool provides a single platform for all your reconciliations and brings ease to what is often a stressful first month-end.

If your business needs a serious tool to manage your financial team.

We recommend Wave for basic accounting, but Easy Month End is the superior solution for making your finance team more efficient.

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Frequently Asked Questions