Are you a pequeña empresa owner or a freelancer tired of wrestling with receipts and financial spreadsheets?
No estás solo
Ahí es donde software de contabilidad comes in, two popular choices are Wave and Expensify.
But with so many options, how do you pick the right one for su necesidades?
This article will break down Wave vs Expensify.
Descripción general
We tested both Wave and Expensify.
We used them like a real negocio owner would.
This helped us see what each one does well.
Now, let’s compare them side-by-side.
Más de 4 millones pequeñas empresas trust Wave to manage their finances. Explore Wave’s plans and find the right fit.
Precios: Free plan available. Paid plan starts at $19/month.
Características principales:
- Facturación
- Banking
- Payroll add-on.
Join over 15 million users who trust Expensify to simplify their finances. Save up to 83% on time spent on expense reports.
Precios: It has a free trial. The premium plan starts at $5/month.
Características principales:
- SmartScan Receipt Capture
- Corporate Card Reconciliation
- Advanced Approval Workflows.
¿Qué es 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.
Además, explora nuestros favoritos Wave alternatives…
Nuestra opinión
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.
Beneficios clave
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.
Precios
- Plan de arranque: $0month.
- Plan Pro: $19month.
Ventajas
Contras
What is Expensify?
Okay, so let’s talk about Expensify.
It’s a tool that helps you keep track of all your business spending. Think of it like a helper that remembers where your money goes.
It can grab info from your receipts and bank stuff. Pretty handy!
Además, explora nuestros favoritos Expensify alternatives…
Beneficios clave
- SmartScan technology scans receipt details and extracts them with over 95% accuracy.
- Employees get reimbursed quickly, often in as little as one business day via ACH.
- The Expensify Card can save you up to 50% on your subscription with its cash back program.
- No warranty is offered; their terms state that liabilities are limited.
Precios
- Collect: $5/mes.
- Control: Precios personalizados.
Ventajas
Contras
Comparación de características
Choosing the right financial solution is essential for pequeña empresa propietarios.
This Wave review and Expensify reviews comparison will detail the differences between a full-featured contabilidad platform and a specialized expense management solution.
Helping you find the tool that best fits your business operations.
1. Core Purpose and Platform
Wave Financial is a dedicated small business accounting software and a complete system built on a free platform. It’s designed to help you manage all aspects of your finances, including a general ledger.
Expensify is a specialized tool to streamline the expense management process for a small number of employees or the entire company.
2. Pricing and Subscription
Wave Financial offers a free version for core accounting features, including unlimited invoices. Its two plans (free starter plan and paid pro plan) are flexible, and you can get a discounted rate on certain add-ons.
Expensify pricing is based on the number of active users per month, but it offers some free accounting features like receipt scanning and basic reimbursement.
3. Expense and Receipt Capture
Wave makes it easy to track expenses by connecting to your bank accounts to auto import bank transactions. Digital receipt capture and receipt scanning are available as a paid add-on.
Expensify makes this its core functionality. You can take a photo of a receipt with the Expensify mobile app, and the datos is extracted in a few seconds, ready for approval.
4. Payments and Invoicing
Wave Financial has a robust invoicing software that supports recurring invoices and allows you to accept online payments via credit card payments and bank payments. You can also set up several automated payment reminders.
Expensify’s invoicing is more basic, as its focus is on reimbursements and managing a business credit card. It’s not a full-fledged invoicing solution.
5. Payroll and Time Tracking
Wave Payroll is an integrated add-on that handles payroll processing and tax filing for an active employee and an independent contractor paid via direct deposit.
Expensify does not offer payroll. It does have mileage tracking, but a Wave review will note that Wave does not offer seguimiento del tiempo for billable hours.
6. User and Approval Process
Wave’s free platform allows for unlimited users to access the account.
Expensify is centered around a workflow where employees and contractors submit expenses, and a manager or manager can quickly approve them. The entire process is designed to reimburse quickly and provides a clear audit trail for all requests.
7. Integrations and Data Flow
Wave integrates with its own suite of products (Wave Payroll and payment processing) but has limited third-party integrations.
Expensify offers seamless integration with core accounting platforms like QuickBooks. This makes it a great add-on for businesses that need to export expense data for a separate system.
8. Mobile Functionality
The Wave mobile app offers a lot of functionality, from creating invoices to checking financial reports.
The Expensify app is highly specialized, allowing employees to snap a photo of a receipt on their mobile phone, log mileage, and submit expenses from their pocket immediately.
9. Security and Support
Wave uses multi factor authentication and strong encryption to protect bank accounts and credit card transaction data, giving peace of mind.
Expensify is a payments superapp, so its seguridad is a core feature. Both platforms have strong security.
¿Qué buscar en un software de contabilidad?
Here are some extra things to think about when choosing your financial software, focusing on capabilities highlighted in someExpensify and Wave Accounting review:
- Escalabilidad: Can the software grow with any of your business? Scalability is determined by the ability of the software to handle increasing complexity. Look for a vendor that offers different tiers (free plan, paid plan, subscription level) to suit your size, and check if it supports multiple users and multiple companies. Wave Accounting’s core features offer a strong starting point, and its scalability hinges on whether its advanced features can integrate with your growth or if additional costs for add-ons become a problem.
- Apoyo: What kind of help is available if you have questions?Reliable support is a key feature that provides peace of mind. The vendor should have a clear commitment to respond to inquiries promptly, ideally within a couple of business days. Before you setup, check the help center to see what resources are available. Many community members recommend Wave for its straightforward system, but be sure the support model meets your expectations for quickly resolving complex issues.
- Facilidad de uso: Is it something you and your team can learn quickly? The simplicity of the advanced user interface is crucial for saving time spent. Wave Accounting is celebrated as free accounting software for its ease of use. It should be easy to manage expenses and track transactions automatically. Look for tools that simplify complex tasks, like having the ability to auto merge bank transactions or allowing one-click viewing of reports for a specific date range.
- Necesidades específicas: Does it handle the unique things your business does? Ensure the software has the specific functionality you need. For instance, if you handle corporate funds, the Expensify Card provides a real time connection. For service businesses, check its ability to track costs against projects and manage recurring billing. The platform should also allow you to log transactions with specific categories or codes for better organization and easier tax filing. The invoicing features should support diverse credit card payments, including Apple Pay.
- Seguridad: How safe is your financial data with this software?Protecting your teneduría de libros records and cash flow is non-negotiable. Look for security protocols that protect your web and desktop connection. Be aware that some security services will trigger a block if unusual activity is expected. This can result in a message where you are temporarily blocked from the page. Ensure the vendor has processes to help resolve these issues, providing you with a secure place to store your personal finance and money management features. Also, check how the system handles access, especially if employers need to manage employee expense tracking and reimbursement.
Veredicto final
So, which one wins? It truly depends on what you need.
If you’re a pequeña empresa or freelancer, Wave is often best.
It’s free for basic contabilidad. It handles invoicing and banking well.
But if tracking expenses and reimbursements is your biggest headache, Expensify is stronger.
Its SmartScan is great for receipts. We’ve used both of these tools a lot.
So, you can trust our advice to pick the right one for you.
Más de Wave
- Olas vs Puzzle IOEste software se centra en la planificación financiera basada en IA para startups. Su contraparte es para finanzas personales.
- Wave vs DextEsta es una herramienta empresarial para registrar recibos y facturas. La otra herramienta registra los gastos personales.
- Wave vs XeroEste es un popular software de contabilidad en línea para pequeñas empresas. Su competidor es para uso personal.
- Wave vs SynderEsta herramienta sincroniza datos de comercio electrónico con software de contabilidad. Su alternativa se centra en las finanzas personales.
- Fin de mes Wave vs EasyEsta es una herramienta empresarial para agilizar las tareas de fin de mes. Su competidor es la gestión de finanzas personales.
- Wave vs DocytEste utiliza IA para la contabilidad y automatización empresarial. El otro utiliza IA como asistente de finanzas personales.
- Wave vs SageEsta es una suite completa de contabilidad empresarial. Su competidor es una herramienta más fácil de usar para finanzas personales.
- Wave vs Zoho BooksEsta es una herramienta de contabilidad en línea para pequeñas empresas. Su competidor es para uso personal.
- Wave vs QuickenAmbas son herramientas de finanzas personales, pero esta ofrece un seguimiento de inversiones más detallado. La otra es más sencilla.
- Wave vs HubdocEsta herramienta se especializa en la captura de documentos para contabilidad. Su competidor es una herramienta de finanzas personales.
- Wave vs ExpensifyEsta es una herramienta para la gestión de gastos empresariales. La otra es para el seguimiento y presupuesto de gastos personales.
- Wave vs QuickBooksEste es un conocido software de contabilidad para empresas. Su alternativa está diseñada para finanzas personales.
- Wave vs AutoEntryEstá diseñado para automatizar la entrada de datos para la contabilidad empresarial. Su alternativa es una herramienta de finanzas personales.
- Wave vs FreshBooks: This is accounting software for freelancers and small businesses. Its alternative is for personal finance.
- Wave vs NetSuite: This is a powerful business management suite for large companies. Its competitor is a simple personal finance app.
More of Expensify
- Expensify vs PuzzleEste software se centra en la planificación financiera basada en IA para startups. Su contraparte es para finanzas personales.
- Expensify vs DextEsta es una herramienta empresarial para registrar recibos y facturas. La otra herramienta registra los gastos personales.
- Expensify vs XeroEste es un popular software de contabilidad en línea para pequeñas empresas. Su competidor es para uso personal.
- Expensify vs SynderEsta herramienta sincroniza datos de comercio electrónico con software de contabilidad. Su alternativa se centra en las finanzas personales.
- Expensify vs Easy Month EndEsta es una herramienta empresarial para agilizar las tareas de fin de mes. Su competidor es la gestión de finanzas personales.
- Expensify vs DocytEste utiliza IA para la contabilidad y automatización empresarial. El otro utiliza IA como asistente de finanzas personales.
- Expensify vs SageEsta es una suite completa de contabilidad empresarial. Su competidor es una herramienta más fácil de usar para finanzas personales.
- Expensify vs Zoho BooksEsta es una herramienta de contabilidad en línea para pequeñas empresas. Su competidor es para uso personal.
- Expensify vs WaveEste software de contabilidad gratuito está diseñado para pequeñas empresas. Su contraparte está diseñada para particulares.
- Expensify vs HubdocEsta herramienta se especializa en la captura de documentos para contabilidad. Su competidor es una herramienta de finanzas personales.
- Expensify vs QuickBooksEste es un conocido software de contabilidad para empresas. Su alternativa está diseñada para finanzas personales.
- Expensify vs AutoEntryEstá diseñado para automatizar la entrada de datos para la contabilidad empresarial. Su alternativa es una herramienta de finanzas personales.
- Expensify vs FreshBooks: This is accounting software for freelancers and small businesses. Its alternative is for personal finance.
- Expensify vs NetSuite: This is a powerful business management suite for large companies. Its competitor is a simple personal finance app.
Preguntas frecuentes
Is Wave truly free for small businesses?
Yes, Wave offers its core accounting, invoicing, and receipt scanning features for free. They hacer money through payment processing fees and payroll services, which are optional add-ons.
What is the main difference between Expensify and Wave?
The main difference is focus. Wave is a full accounting suite for small businesses, offering invoicing and basic reports. Expensify specializes in detailed expense management and employee reimbursements.
Can Expensify integrate with QuickBooks Online?
Yes, Expensify is known for its strong integrations. It can connect with popular accounting software like QuickBooks Online, making it easier to sync your expense data with your main books.
Is Wave a good alternative to QuickBooks Online?
For very small businesses or freelancers needing a free solution, Wave can be a good alternative. It offers many basic accounting features without the monthly cost of QuickBooks Online.
Which is better for just tracking receipts, Wave vs Expensify?
For just tracking receipts, Expensify is generally better. Its SmartScan technology and focus on expense reportando make it more efficient for capturing and organizing receipt data quickly.
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