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

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.

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…

Key Benefits

• Automate reconciliations and save two hours.
• Follow clear steps to close your books faster.
• The simple design is easy for everyone to grasp.

Pricing

• Small: $45
• Small: $89
• Small: Customize

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…

Key Benefits

Wave stands out with:

• A 100% free basic accounting plan.
• Easy to use interface for beginners.
• Seamless integration with its payroll add-on.
• Over 2 million small businesses use it.

Pricing

Free: $0
Pro Plan: $16

Feature Comparison

Now that we’ve examined each product individually let’s compare them head-to-head.

This section will highlight how Easy Month End and Wave compare across key features.

Helping you see which one better fits your accounting needs.

1. Invoicing and Billing

• Easy Month End: This tool does not offer invoicing features. Its focus is purely on the closing process, not on generating initial sales documents or sending invoices.
• Wave: Wave makes sending invoices incredibly simple. It’s known for its robust invoicing features, allowing you to create and send unlimited invoices, set up recurring invoices, and even send payment reminders to your clients. You could also accept payments via credit cards directly through the platform. This is a great option for freelancers and small business owners who need to bill clients.

2. Expense Tracking

• Easy Month End: You won’t find traditional expense tracking functionality here. While it helps reconcile accounts at month-end, it doesn’t offer tools to track daily expenses or categorize receipts in the same way.
• Wave: Wave shines for tracking expenses. You can easily link your bank and credit card accounts for automatic imports. It also has a mobile app for snapping photos of receipts, helping you meticulously track expenses and keep your bookkeeping in order. This functionality is crucial for understanding your cash flow.

3. Financial Reporting

• Easy Month End: provides specific reports tailored for month-end reconciliation, such as balance sheet reconciliation and trial balance. Its reporting is primarily focused on verifying numbers for closing purposes.
• Wave: Offers a comprehensive suite of financial reports, including profit & loss statements, balance sheets, and cash flow statements. These detailed reports give a broader view of your business accounting and help you make informed decisions.

4. Dashboard and User Interface

• Easy Month End: The dashboard is task-oriented, focusing on the steps needed to complete the month-end close. It’s straightforward and designed for a specific workflow, and it is intuitive for its niche.
• Wave presents a more traditional accounting dashboard, showing an overview of your finances, including income, expenses, & cash flow. Its user-friendly interface is appealing to new users of accounting software.

5. Integrations

• Easy Month End: Has limited integrations as it’s a specialized tool. It’s designed to complement existing accounting software solutions rather than replace them.
• Wave: While not as extensive as QuickBooks Online or Xero, Wave offers integrations with popular payment processors and other business tools. For basic accounting, its direct integrations are often sufficient, though not as broad as vs QuickBooks.

6. Mobile App

• Easy Month End: Currently, there isn’t a dedicated mobile app for Easy Month End. Its web-based platform is accessible on mobile browsers but isn’t optimized for on-the-go use.
• Wave: Offers a functional mobile app for both iOS and Android. This allows you to send invoices, track expenses, and view your dashboard on the go, making it a great option for busy entrepreneurs.

7. Overall Accounting Functionality

• Easy Month End: Its functionality is highly specialized. It’s a management tool designed to help you organize and complete the month-end closing process rather than a full accounting software solution. It helps save time on reconciliation.
• Wave provides robust accounting features covering most basic accounting needs for small business owners. From general ledger to bank reconciliation, Wave offers a comprehensive set of tools to help you manage your finances, making it a powerful free accounting software option. It truly offers a complete accounting solution, often compared to Zoho Books or QuickBooks Simple Start, for basic needs without the paid plan requirement.

What to Look for When Choosing Accounting Software?

• Your Business Needs: Do you need basic accounting or advanced features like inventory management or project management?
• Ease of Use: Is the software simple enough for you or your team to learn quickly?
• Cost: Does it fit your budget, considering free plans vs. paid plans and potential upgrade costs?
• Scalability: Can the software grow with your business needs?
• Integrations: Does it connect with other tools you already use (like CRM or time tracking)?
• Support: What kind of customer support is available if you run into issues?
• Mobile Access: Do you need to manage your finances from a mobile app?
• Security: How secure is your financial data with this cloud-based accounting solution?

Final Verdict 

After looking closely at both, our pick is Easy Month End.

Here’s why: Easy Month End offers a full set of basic accounting features for free.

You can track expenses, send invoices, and run reports without paying. 

Easy Month End is good for one thing: making month-end closing easier.

If you want one software to handle most of your accounting.

More of Easy Month End

• Easy Month End vs Puzzle IO: Puzzle IO leverages AI for automated accounting, offering broader financial management beyond just month-end.
• Easy Month End vs Dext: Dext excels at digitizing receipts and invoices, simplifying data capture for accounting records.
• Easy Month End vs Xero: Xero is a full cloud accounting solution that provides comprehensive financial reporting and bank reconciliation.
• Easy Month End vs Synder: Synder focuses on e-commerce accounting integration, syncing sales data to your books efficiently.
• Easy Month End vs Docyt: Docyt offers AI-powered end-to-end bookkeeping automation, including robust month-end closing features.
• Easy Month End vs RefreshMe: RefreshMe is more of a personal finance and budgeting tool than a dedicated accounting or month-end close solution.
• Easy Month End vs Sage: Sage provides robust accounting software for various business sizes, offering more extensive features than just month-end.
• Easy Month End vs Zoho Books: Zoho Books is a comprehensive online accounting software that provides invoicing, expense tracking, and inventory.
• Easy Month End vs Quicken: Quicken is primarily for personal finance and basic small business budgeting, not detailed month-end procedures.
• Easy Month End vs Hubdoc: Hubdoc is a document collection tool that automates the gathering of financial documents for accounting software.
• Easy Month End vs Expensify: Expensify specializes in expense management and reporting, with automated receipt scanning and reimbursement.
• Easy Month End vs QuickBooks: QuickBooks is a market leader offering comprehensive accounting solutions, including detailed month-end reconciliation features.
• Easy Month End vs AutoEntry: AutoEntry focuses on automating data entry from various financial documents into accounting systems.
• Easy Month End vs FreshBooks: FreshBooks is tailored for service-based businesses, emphasizing invoicing, time tracking, and project management.
• Easy Month End vs NetSuite: NetSuite is an extensive ERP system that offers integrated financial management for large, complex businesses.

More of Wave

• Wave vs Puzzle IO: Puzzle IO shines with its AI-powered smart categorization and predictive invoicing for modern accounting.
• Wave vs Dext: Dext excels at automated data capture from receipts and invoices, streamlining expense management.
• Wave vs Xero: Xero offers strong cloud-based accounting, emphasizing cash flow management and multi-currency support.
• Wave vs Synder: Synder specializes in e-commerce accounting, seamlessly syncing data from various online sales platforms.
• Wave vs Docyt: Docyt provides AI-driven bookkeeping and workflow automation, aiming for a fast month-end close.
• Wave vs RefreshMe: RefreshMe offers personalized financial insights, budgeting tools, and bill tracking with AI assistance.
• Wave vs Sage: Sage is known for its scalability and comprehensive financial management, including strong inventory and payroll.
• Wave vs Zoho Books: Zoho Books provides a broad accounting solution with strong invoicing, expense tracking, and inventory management.
• Wave vs Quicken: Quicken is primarily for personal finance, offering budgeting, investment tracking, and basic invoicing for freelancers.
• Wave vs Hubdoc: Hubdoc automates document collection and data extraction, centralizing financial paperwork for accountants.
• Wave vs Expensify: Expensify is a leader in expense reporting, featuring smart receipt scanning and automated reimbursements.
• Wave vs QuickBooks: QuickBooks is a comprehensive accounting software with robust features for all business sizes, including payroll and inventory.
• Wave vs AutoEntry: AutoEntry excels at automated data extraction from receipts and invoices and integrates with major accounting platforms.
• Wave vs FreshBooks: FreshBooks is optimized for service-based businesses, with strong invoicing, time tracking, and project management.
• Wave vs NetSuite: NetSuite is a full ERP solution that offers extensive financial management, CRM, and supply chain capabilities for larger businesses.

Frequently Asked Questions