---
description: Compare Wave vs myBooks regarding their features, reviews, pricing, specifications, screenshots & more.
image: https://gdm-localsites-assets-gfprod.imgix.net/images/software_advice/og_logo-55146305bbe7b450bea05c18e9be9c9a.png
title: Wave vs myBooks Comparison
---

Breadcrumb: [Home](/) > [Payment Processing Software](/directory/4526/online-payment/software) > [Wave \<span\>vs\</span\> myBooks](https://www.softwareadvice.com.au/compare/18767/58642/wave/vs/mybooks)

# Compare Wave vs myBooks

Canonical: https://www.softwareadvice.com.au/compare/18767/58642/wave/vs/mybooks

> Detailed comparison between Wave and myBooks. Check ratings, reviews, pricing, and features to make the best decision for your business.

-----

## At a Glance

| Metric | Wave | myBooks |
| **Overall rating** | 4.4/5 | 4.3/5 |
| **Total Reviews** | 1720 | 14 |
| **Starting Price** | USD 19.00 | USD 9.99 |
| **Free Trial** | Yes | Yes |
| **Free Version** | Yes | Yes |
| **Deployment** | Cloud, SaaS, Web-based, Android (Mobile), iPhone (Mobile) | Cloud, SaaS, Web-based, Android (Mobile), iPhone (Mobile), iPad (Mobile) |
| **Support** | Email/Help Desk, FAQs/Forum, Knowledge Base, Chat | - |
| **Training** | In Person, Live Online, Webinars, Documentation, Videos | Live Online, Documentation |

## Key features

### Wave

- Accounting
- Accounts Payable
- Accounts Receivable
- Bank Reconciliation
- Billing & Invoicing
- Budgeting/Forecasting
- Cash Flow Management
- Data Security
- Encryption
- Expense Tracking
- Financial Management
- Financial Reporting
- For Religious Organizations
- For Small Businesses
- General Ledger
- Invoice Management
- Multi-Currency
- Partial Payments
- Purchase Order Management
- Tax Management

### myBooks

- Accounting
- Accounts Payable
- Accounts Receivable
- Bank Reconciliation
- Billing & Invoicing
- Budgeting/Forecasting
- Data Security
- Expense Tracking
- Financial Management
- Financial Reporting
- For Small Businesses
- General Ledger
- Invoice Management
- Multi-Currency
- Purchase Order Management
- Tax Management

## Links

- [View Wave Profile](https://www.softwareadvice.com.au/software/18767/wave)
- [View myBooks Profile](https://www.softwareadvice.com.au/software/58642/mybooks)
- [View Original Comparison](https://www.softwareadvice.com.au/compare/18767/58642/wave/vs/mybooks)

-----

## Structured Data

<script type="application/ld+json">
  {"@context":"https://schema.org","@graph":[{"name":"Wave vs myBooks Comparison","description":"Compare Wave vs myBooks regarding their features, reviews, pricing, specifications, screenshots & more.","url":"https://www.softwareadvice.com.au/compare/18767/58642/wave/vs/mybooks","about":[{"@id":"https://www.softwareadvice.com.au/software/18767/wave#software"},{"@id":"https://www.softwareadvice.com.au/software/58642/mybooks#software"}],"breadcrumb":{"@id":"https://www.softwareadvice.com.au/compare/18767/58642/wave/vs/mybooks#breadcrumblist"},"@type":["WebPage","CollectionPage"],"@id":"https://www.softwareadvice.com.au/compare/18767/58642/wave/vs/mybooks#webpage","isPartOf":{"@id":"https://www.softwareadvice.com.au/#website"},"inLanguage":"en-AU","publisher":{"@id":"https://www.softwareadvice.com.au/#organization"}},{"name":"Wave","description":"Online accounting software that provides features including invoicing, billing, payment tracking, payroll management, finance management, credit card processing, and receipt scanning. Wave Accounting is designed to help businesses streamline bookkeeping processes. With Wave's bank reconciliation tools, businesses can manage all bank account and credit card information in real-time to improve bookkeeping. Businesses can also generate reports that include various data such as sales tax, balance sheet, cash flow, profit/loss, plus more. Wave's dashboard includes an invoicing tool that collects invoice payments.\n\nA small business owner can choose customizable invoicing templates based on unique business needs. Invoices can be sent via email and the software's credit card processing feature allows users to collect payments online. Recurring invoices and automatic payment features are available for regular customers. Wave empowers users to keep track of their business's financial health by offering accounting reports. These reports provide insights by allowing for month-to-month or year-to-year comparisons. By identifying cash flow trends, businesses can make informed decisions to navigate their financial landscape. It organizes income, expenses, payments, and invoices through the dashboard. \n\nIts security measures assist with the protection of sensitive financial data. Bank data connections are read-only and encrypted using 256-bit encryption. The servers are housed under physical and electronic protection, and Wave is PCI Level-1 certified for handling credit card and bank account information, further enhancing the security of users' financial information.","image":"https://gdm-catalog-fmapi-prod.imgix.net/ProductScreenshot/aa983cb3-33c6-4340-899e-e5b0e3efa66f.jpg","url":"https://www.softwareadvice.com.au/software/18767/wave","@type":"SoftwareApplication","@id":"https://www.softwareadvice.com.au/software/18767/wave#software","applicationCategory":"BusinessApplication","publisher":{"@id":"https://www.softwareadvice.com.au/#organization"},"aggregateRating":{"@type":"AggregateRating","ratingValue":4.4,"bestRating":5,"ratingCount":1720},"offers":{"price":"19","@type":"Offer","priceCurrency":"USD"},"operatingSystem":"Cloud, Android, Platform ios"},{"name":"myBooks","description":"myBooks is a cloud-based accounting solution designed primarily to serve small and midsize businesses. It is suitable for solo accountants, small business owners, small IT and financial companies, entrepreneurs and freelancers. myBooks provides accounting tools for managing invoices, expenses, bills and other financial transactions.\n\n\nmyBooks offers an analytics dashboard that helps users to set and monitor accounting indicators. It offers a bank reconciliation feature that allows businesses to connect bank accounts and view transactions and cash summaries in real time.\n\n\nUsers can also process multi-currency transactions, and provides configurable templates for invoices, bills and expense reports. myBooks provides enterprise-grade data security for bookkeeping and financial documents.\n\n\nThe solution is available on a monthly subscription basis. Pricing is based on the number of users and the number of transactions in a month.","image":"https://gdm-catalog-fmapi-prod.imgix.net/ProductScreenshot/826aae21-b22d-4d71-bc2a-a9d95df14dd1.png","url":"https://www.softwareadvice.com.au/software/58642/mybooks","@type":"SoftwareApplication","@id":"https://www.softwareadvice.com.au/software/58642/mybooks#software","applicationCategory":"BusinessApplication","publisher":{"@id":"https://www.softwareadvice.com.au/#organization"},"aggregateRating":{"@type":"AggregateRating","ratingValue":4.3,"bestRating":5,"ratingCount":14},"offers":{"price":"9.99","@type":"Offer","priceCurrency":"USD"},"operatingSystem":"Cloud, Android, Platform ios, Platform ipad"},{"@type":"BreadcrumbList","itemListElement":[{"name":"Home","position":1,"item":"/","@type":"ListItem"},{"name":"Payment Processing Software","position":2,"item":"/directory/4526/online-payment/software","@type":"ListItem"},{"name":"Wave vs myBooks","position":3,"item":"https://www.softwareadvice.com.au/compare/18767/58642/wave/vs/mybooks","@type":"ListItem"}],"@id":"https://www.softwareadvice.com.au/compare/18767/58642/wave/vs/mybooks#breadcrumblist"}]}
</script>