Compare TurboTax Business and Wave

Save
    Log in to your account
    to save comparisons,
    products and more.
At a Glance
TurboTax Business
TurboTax Business
Star Rating
(94)4.4 out of 5
Market Segments
Small-Business (83.3% of reviews)
Information
Entry-Level Pricing
No pricing available
Learn more about TurboTax Business
Wave
Wave
Star Rating
(295)4.3 out of 5
Market Segments
Small-Business (95.1% of reviews)
Information
Entry-Level Pricing
$20-$35 per month
Browse all 3 pricing plans
Featured Products

TurboTax Business vs Wave

When assessing the two solutions, reviewers found them equally easy to use. However, TurboTax Business is easier to set up and administer.reviewers also preferred doing business with TurboTax Business overall.

  • Reviewers felt that TurboTax Business meets the needs of their business better than Wave.
  • When comparing quality of ongoing product support, reviewers felt that TurboTax Business is the preferred option.
  • For feature updates and roadmaps, our reviewers preferred the direction of Wave over TurboTax Business.
Pricing
Entry-Level Pricing
TurboTax Business
No pricing available
Wave
Pay your staff
$20-$35
per month
Browse all 3 pricing plans
Free Trial
TurboTax Business
No trial information available
Wave
Free Trial is available
Ratings
Meets Requirements
8.8
78
8.6
238
Ease of Use
8.9
79
8.9
239
Ease of Setup
9.1
13
8.9
109
Ease of Admin
9.1
13
8.8
107
Quality of Support
8.1
71
7.7
157
Has the product been a good partner in doing business?
8.8
13
8.6
99
Product Direction (% positive)
7.9
76
8.0
229
Features by Category
Not enough data
7.7
1,336
General Ledger
Not enough data
8.0
45
|
Verified
Not enough data
7.9
36
|
Verified
Not enough data
7.6
35
|
Verified
Accounts Receivable
Not enough data
8.7
63
Not enough data
8.2
44
|
Verified
Not enough data
8.1
38
|
Verified
Accounts Payable
Not enough data
7.8
27
Not enough data
8.2
42
|
Verified
Not enough data
7.2
23
|
Verified
Other Functionality
Not enough data
7.0
19
|
Verified
Not enough data
7.3
21
|
Verified
Not enough data
6.9
20
Not enough data
7.3
23
|
Verified
Not enough data
7.4
24
|
Verified
Not enough data
7.7
36
|
Verified
Not enough data
7.2
19
|
Verified
Not enough data
7.3
18
|
Verified
Reporting & Analytics
Not enough data
8.3
64
|
Verified
Not enough data
7.8
51
|
Verified
Not enough data
7.9
32
|
Verified
Not enough data
8.7
62
|
Verified
Platform
Not enough data
7.6
51
|
Verified
Not enough data
7.7
33
|
Verified
Not enough data
7.9
47
|
Verified
Not enough data
7.5
21
|
Verified
Not enough data
8.4
56
|
Verified
Not enough data
8.0
46
|
Verified
Integration
Not enough data
8.1
41
|
Verified
Not enough data
7.7
24
Not enough data
7.1
24
|
Verified
Cash Flow
Not enough data
8.1
24
|
Verified
Not enough data
8.4
27
|
Verified
Not enough data
7.8
20
|
Verified
Budgeting & Forecasting
Not enough data
7.9
32
|
Verified
Not enough data
7.5
17
|
Verified
Not enough data
7.1
11
|
Verified
Not enough data
7.5
19
|
Verified
Revenue
Not enough data
8.3
20
|
Verified
Not enough data
7.9
15
|
Verified
Not enough data
7.8
13
Payroll
Not enough data
7.7
13
|
Verified
Not enough data
6.8
10
Not enough data
7.2
13
|
Verified
Not enough data
7.9
17
|
Verified
AI
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Mobile Applications - Accounting
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
8.1
234
Bill Generation
Not enough data
8.1
30
Not enough data
8.5
33
Not enough data
8.3
29
Bill Processing
Not enough data
7.9
21
Not enough data
8.1
19
Not enough data
8.3
31
Integration
Not enough data
8.2
30
Not enough data
8.4
27
Not enough data
7.4
14
Not enough data
Not enough data
Tax Planning
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Tax Filing
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Not enough data
Workflows
Not enough data
Not enough data
Not enough data
Not enough data
Categories
Categories
Shared Categories
TurboTax Business
TurboTax Business
Wave
Wave
TurboTax Business and Wave share no categories
Unique Categories
TurboTax Business
TurboTax Business is categorized as Corporate Tax and UKG Marketplace
Wave
Wave is categorized as Billing and Accounting
Reviews
Reviewers' Company Size
TurboTax Business
TurboTax Business
Small-Business(50 or fewer emp.)
83.3%
Mid-Market(51-1000 emp.)
5.6%
Enterprise(> 1000 emp.)
11.1%
Wave
Wave
Small-Business(50 or fewer emp.)
95.1%
Mid-Market(51-1000 emp.)
3.8%
Enterprise(> 1000 emp.)
1.0%
Reviewers' Industry
TurboTax Business
TurboTax Business
Accounting
12.2%
Financial Services
5.6%
Management Consulting
4.4%
Information Technology and Services
4.4%
Music
3.3%
Other
70.0%
Wave
Wave
Marketing and Advertising
16.1%
Information Technology and Services
6.3%
Design
4.9%
Accounting
4.9%
Computer Software
3.5%
Other
64.3%
Most Helpful Reviews
TurboTax Business
TurboTax Business
Most Helpful Favorable Review
Mary A.
MA
Mary A.
Verified User in Outsourcing/Offshoring

My husband does IT consulting on the side and TurboTax makes it so easy to do your business taxes. The step-by-step function makes sure that you don't overlook any possible deductions. The ability to get live help if you need it is a very nice feature.

Most Helpful Critical Review
Jean M. C.
JC
Jean M. C.
Verified User in Accounting

I wanted to change ownership percentages for an LLC return. Despite online illustrations, this is not allowed. Online forums confirm that this is missing from many updated versions. I called and after waiting 20 minutes, was told that I needed to speak...

Wave
Wave
Most Helpful Favorable Review
Paul J.
PJ
Paul J.
Verified User in Accounting

Wave is very simple and intuitive to use. It provides small business (they specifically focus on organizations with 0-9 employees) users with the main tools they need in order to effectively account for their business transactions. You can access multiple...

Most Helpful Critical Review
Josh W.
JW
Josh W.
Verified User in Marketing and Advertising

Their customer service is horrible. If you can even get them, they have no problem lying right to your face. Read other review sites and you'll see!

Alternatives
TurboTax Business
TurboTax Business Alternatives
Avalara
Avalara
Add Avalara
H&R Block
H&R Block
Add H&R Block
Vertex
Vertex
Add Vertex
NetSuite
NetSuite
Add NetSuite
Wave
Wave Alternatives
FreshBooks
FreshBooks
Add FreshBooks
Xero
Xero
Add Xero
Zoho Books
Zoho Books
Add Zoho Books
QuickBooks Desktop Pro
Desktop Pro
Add QuickBooks Desktop Pro
Discussions
TurboTax Business
TurboTax Business Discussions
Can I import Quickbooks Online data into Turbo Tax Business?
1 comment
Kim S.
KS
No,you can't directly, But you can convert your Quick books online data to Quick books desk top using a trial subscription .Read more
Monty the Mongoose crying
TurboTax Business has no more discussions with answers
Wave
Wave Discussions
Is wave a good accounting software?
2 comments
MM
Yeah. It has most of the features required by a small business. You can request the team if you need anything in particular Read more
What is Wave Software?
2 comments
Michael M.
MM
Wave software is an easy to use Payroll and Accounting software. You can create invoices, send billings, track expenses, and all normal transactions...Read more
Is Wave Accounting really free?
1 comment