Software · head to head
Plutio vs Wave
The short version
- Only Wave has a free tier, so it costs nothing to try first.
- Each has a real cost: Plutio core plan at $19/month is limited to 9 active clients with no additional contributors; Wave automatic bank transaction import and receipt scanning require the Pro plan at $19 a month
Where they differ
Only the attributes on which Plutio and Wave actually diverge.
Identical on both: user rating (Not yet rated), category (Unknown).
What each one covers
Drawn from each product's published feature list. An absence here means we hold no record of it - not that the product lacks it.
Only in Plutio
Nothing recorded that Wave does not also cover.
Only in Wave
- Double-entry accounting
- Invoicing
- Expense tracking
- Financial reporting
- Bank reconciliation
- Receipt scanning
- Multi-currency
- Sales tax tracking
What people use each for
The jobs each tool is most often brought in to do.
Plutio
No use cases recorded yet. See the Plutio review.
Wave
- Invoicing and bookkeeping for very small businesses and freelancersnot Plutio
- Accepting card payments against issued invoicesnot Plutio
Where each one falls short
Documented limitations, not opinions. Every one is a constraint you would hit in normal use.
Plutio
- Core plan at $19/month is limited to 9 active clients with no additional contributors
- AI credits and workflow actions are capped by tier: 800 AI credits and 900 monthly workflow actions on Core versus 10,000 and 50,000 on Max
Wave
- Automatic bank transaction import and receipt scanning require the Pro plan at $19 a month
- The free plan pays a $0.60 per transaction fee on card payments on top of 2.9%, which Pro waives only for the first 10 transactions a month
- Beyond 10 transactions a month the Pro plan pays the same per transaction fee as the free one
- Amex is charged at 3.4% rather than 2.9% on both plans
Pricing, plan by plan
Plutio
On requestNo published plan breakdown. See the Plutio review.
Wave
Free- AccountingFree
- Unlimited invoicing
- Expense tracking
- Financial reports
- Payments$undefined/transaction
- 2.9% + $0.60 per transaction
- Credit card processing
- Bank payments (1%)
- Payroll$35/month
- $35/month base + $6/employee
- Tax calculations
- Direct deposit
Which should you pick?
Choose Plutio if
Nothing in the data separates Plutio from Wave on the points above - pick on price and on how each one feels to use.
Choose Wave if
- You need double-entry accounting.
- You want to start without paying.
- You work on Web, Ios, Android.
- You also want invoicing.
Questions people ask
- Is Plutio or Wave better?
- Neither clearly leads. Plutio starts at On request and Wave at Free, and user ratings are close enough to be indistinguishable. Choose on capability and platform support.
- Which is cheaper, Plutio or Wave?
- Wave has a free tier; the other does not. Paid plans start at On request for Plutio and Free for Wave.
- Does Plutio or Wave run on more platforms?
- Plutio runs on Web. Wave runs on Web, Ios, Android.
- Can I use Wave for free?
- Yes. Wave has a free tier, so you can try it without paying. Plutio starts at On request.
- What can Plutio do that Wave cannot?
- Wave covers Double-entry accounting, Invoicing, Expense tracking, Financial reporting.