Wave Accounting vs Hurdlr

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Our analysts compared Wave Accounting vs Hurdlr based on data from our 400+ point analysis of Accounting Software, user reviews and our own crowdsourced data from our free software selection platform.

Wave Accounting Software Tool
Hurdlr Software Tool

Product Basics

Wave Accounting streamlines financial management for small businesses and freelancers. Its intuitive interface simplifies bookkeeping tasks like expense tracking, invoicing, and receipt scanning. Users praise its ease of use and mobile accessibility, making it ideal for entrepreneurs on the go. Wave offers core accounting features like bank reconciliation and income/expense reports, all for free. Premium plans unlock advanced functionalities like payroll, double-entry bookkeeping, and tax filing for an affordable monthly fee. Compared to similar products, Wave shines in user experience. Reviews highlight its intuitive design, helpful tutorials, and responsive customer support. However, its free plan lacks features crucial for larger businesses, requiring an upgrade for robust accounting needs. Ultimately, Wave excels as a beginner-friendly, cost-effective solution for solopreneurs and small teams seeking hassle-free financial management.

Pros
  • Free core features
  • Easy to use interface
  • Mobile-friendly design
  • Excellent customer support
  • Free bank reconciliation
Cons
  • Limited features in free plan
  • No inventory tracking
  • No double-entry accounting
  • Few integrations with other software
  • Limited reporting options
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Hurdlr is a comprehensive software designed to streamline accounting and financial management tasks, making it an ideal solution for freelancers, independent contractors, and small business owners. The platform stands out for its ability to automate expense tracking, mileage logging, and tax calculations, thereby saving users a significant amount of time and effort. One of the key benefits of Hurdlr is its real-time income tax estimates, which help users stay on top of their financial obligations without any surprises. Compared to similar products in the market, Hurdlr is praised for its user-friendly interface and the personalized insights it offers into financial performance. When it comes to pricing, Hurdlr offers a range of options to suit different needs and budgets, including a free tier for basic functionalities and paid subscriptions that provide access to more advanced features. Payment for these subscriptions is typically required on a monthly or annual basis, allowing users to choose the plan that best fits their financial situation.

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$20 Monthly
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$8.34 Monthly, Freemium
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Tailored to your specific needs
Small
Medium
Large
Small
Medium
Large
Windows
Mac
Linux
Android
Chromebook
Windows
Mac
Linux
Android
Chromebook
Cloud
On-Premise
Mobile
Cloud
On-Premise
Mobile

Product Assistance

Documentation
In Person
Live Online
Videos
Webinars
Documentation
In Person
Live Online
Videos
Webinars
Email
Phone
Chat
FAQ
Forum
Knowledge Base
24/7 Live Support
Email
Phone
Chat
FAQ
Forum
Knowledge Base
24/7 Live Support

Product Insights

  • Free: Utilize Wave Accounting's free features forever, making it a great help for entrepreneurs and freelancers who may find themselves in the preliminary stages of launching their business or service.  
  • Easy Setup: Get to work immediately with easy account setup and installation. 
  • Available Anywhere: Access this solution on computers and mobile devices to access and change anything from practically any location. All changes are automatically saved and synced so users always see current information. 
  • Instant Transactions: Connect bank accounts for instant transaction recordings. It also eliminates manually inputting receipts. 
  • Stay Organized for Tax Season: Sort incomes, expenses, payments and invoices in one centralized location for tax time.  
  • Collaborate with Accountants: Share data and collaborate with accountants for smooth financial processing and advice. 
  • Top-Notch Security: Protect financial information with security components such as bank connections with 256-bit encryption in read-only formats and PCI Level-1 security for managing credit cards and bank account information. 
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  • Automatic Tracking: Track your expenses and deductions with auto categorization to help you quickly and accurately save any unnecessary expense and invest in value added tasks 
  • Eliminate Data Entry: Get rid of data entry errors or duplication by securely syncing your data with credit and bank accounts as well as Square, Shopify, PayPal and Uber. 
  • Categorization:  Allow side hustlers and solopreneurs to simply add a card or account as expense account and the app will take care of the rest by categorizing the expense. Get rid of manual work for good. 
  • Save Money: Organize personal and business finances by tracking income, spending and saving on the taxes. 
  • Labels: Set up recurring automated labels to eliminate manual information entry every time a transaction happens.
  • Free to Use: Provides a free version with several valuable features. Leverage automatic mileage tracking and connect an account to the service in the free version.
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  • Link Accounts and Credit Cards: Connect an unlimited amount of bank accounts and credit cards. Users may supervise multiple businesses with one account. 
  • Smooth Integrations: Integrate Shopify transactions and link with PayPal, Shoeboxed and Etsy accounts. 
  • Intricate Dashboards: Elaborate dashboards that display cash balances, invoice statuses, incomes, expenses and payments. This accessory also provides bill and invoice reminders. 
  • Export Various Reports: Export a variety of accounting reports such as profit and loss, sales tax, cash flow, comparative and others. 
  • Automatic Updates: Receive prompt updates and reminders on invoices, payments and payroll details. 
  • Evaluate High Volumes of Transactions: Process a bulk amount of transactions to ensure rapid bookkeeping practices. Users can also perform and accept transactions in foreign currencies and search for transactions based on descriptions. 
  • Double-Entry Accounting: Operate with double-entry accounting—a method that chronicles transactions in two or more accounts — that performs prompt exchange rate calculations and has a flexible sales tax module. 
  • Adaptable Expense and Income Categories: Use account IDs to create adjustable expense and income categories, sometimes called chart of accounts. There's also an unlimited income and expense tracking accessory. 
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  • Income and Expense Tracking: Connect with various applications and accounts that provide money and keep track of income and expenses. Show all income and expenses in one dashboard. 
  • Mileage Tracking: Track the miles driven for work. Log them automatically and check back later to segregate the trips as personal or work-related. 
  • Automated Reports: Send well-detailed automatic reports with income and expenses every month. Give insight into how the business is performing to make well-informed decisions. 
  • Tax Estimator: Estimate every quarter that’s owed to the state or federal institutions. Prepare the self-employed to complete taxes accurately.  
  • Invoicing: Automate invoicing, credit card payments and collections. 
  • Accounting: Send customizable invoices and automated accounting right to the balance sheet. Forget missing out on dedication with its automatic expense tracking and easy to accept and process credit card features. 
  • Reports: Get automatic monthly reports on business finances. Organize and manage financial data to make it easier to file taxes when the time comes. 
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Product Ranking

#4

among all
Accounting Software

#126

among all
Accounting Software

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Analyst Rating Summary

72
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78
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87
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Analyst Ratings for Functional Requirements Customize This Data Customize This Data

Wave Accounting
Hurdlr
+ Add Product + Add Product
Accounts Payable Accounts Receivable Banking And Cash Management Budget And Expense Management Financial Statements And Revenue Management General Ledger And Chart Of Accounts Integration And Extensibility Inventory Management Journal Entries Mobile Support Multi-company Accounting And Asset Management Platform Capabilities Project Accounting Reporting And Analytics Tax Management 78 92 87 57 98 61 58 50 73 90 65 78 56 70 88 0 25 50 75 100
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Analyst Ratings for Technical Requirements Customize This Data Customize This Data

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User Sentiment Summary

Great User Sentiment 2602 reviews
Great User Sentiment 8 reviews
88%
of users recommend this product

Wave Accounting has a 'great' User Satisfaction Rating of 88% when considering 2602 user reviews from 5 recognized software review sites.

83%
of users recommend this product

Hurdlr has a 'great' User Satisfaction Rating of 83% when considering 8 user reviews from 1 recognized software review sites.

4.0 (15)
n/a
4.4 (203)
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4.43 (1298)
4.13 (8)
4.4 (964)
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4.0 (122)
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Synopsis of User Ratings and Reviews

System Performance: Of the users who mentioned this solution's performance, precisely 65% said it's easy to use, documents all tasks performed and provides accurate information.
Modules: Approximately 57% of users who discussed this program's functionality said it has a variety of capabilities such as an assortment of reports, bank account synching and invoice reminders.
Cost: Of the users who mentioned this application's pricing, approximately 87% of users said they like the free version because it comes with plenty of appliances.
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Mileage Tracking: Automatically tracks mileage through GPS, saving users time and ensuring accurate records for tax deductions or reimbursements.
Tax Calculations: Estimates quarterly taxes as users earn, helping them avoid surprises and plan their finances effectively.
Income & Expense Tracking: Categorizes income and expenses, providing users with insights into their financial patterns and areas for potential savings.
Invoicing: Creates and sends invoices, simplifying the billing process for freelancers and small business owners.
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Frustrating reconciliation process: Users often describe matching transactions as difficult and time-consuming, leading to delayed reconciliation and potential errors.
Limited reporting options: Users express a desire for more robust and flexible reporting features, including better sorting, exporting, and preset date options for generating customized reports.
Lack of phone support: Wave relies primarily on email and online resources for support, which can be frustrating for users who prefer immediate assistance or have complex issues to resolve.
Occasional glitches and errors: Users have reported occasional software glitches, such as duplicated transactions or difficulties with bank syncing, which can disrupt workflows and create data inconsistencies.
No inventory management: Wave lacks full-fledged inventory tracking and management capabilities, making it unsuitable for businesses with complex inventory needs or those who sell directly through eCommerce platforms.
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Limited Reporting: Users have expressed frustration with the inability to generate custom reports or export data in various formats, hindering in-depth financial analysis.
Categorization Issues: Automatic expense categorization can be inaccurate, requiring manual intervention and adjustments, which can be time-consuming for users with numerous transactions.
Mobile App Limitations: The mobile app's functionality is restricted compared to the web version, making it less convenient for users who primarily manage their finances on the go.
Customer Support: Some users have reported challenges in receiving timely and effective assistance from Hurdlr's customer support team, leading to unresolved issues and dissatisfaction.
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Wave Accounting users appreciate its simplicity and affordability, making it a popular choice for freelancers and solopreneurs. The free plan covers essential features like invoicing, expense tracking, and basic reporting, catering to those with straightforward accounting needs. Users praise its intuitive interface and mobile app for on-the-go tracking, highlighting its convenience compared to clunky desktop software. However, Wave's limitations become apparent as businesses grow. Users cite frustrating reconciliation issues, limited reporting options, and the lack of advanced features like inventory management or payroll integrations. Compared to competitors like Quickbooks or Xero, Wave feels less capable of handling complex accounting workflows. While its automatic bank imports save time, the absence of phone support can be a dealbreaker for some users who need immediate help troubleshooting issues. Ultimately, Wave shines for its ease of use and zero-cost entry point, but its lack of scalability and robust features might necessitate switching to more powerful alternatives as businesses evolve. Choosing Wave comes down to prioritizing convenience and affordability over comprehensive functionality and expert support.

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Hurdlr has garnered positive feedback for its user-friendly design and automation features, particularly its automatic mileage tracking and expense categorization. Users appreciate how it simplifies tax preparation by organizing income and expense data, and its ability to sync with various payment platforms streamlines financial management. The free version with its core features is a major draw, making it accessible to a wider audience. However, some users have noted that reporting features could be more robust, and others have expressed a desire for multicurrency support. Compared to similar products like Zoho Expense, Hurdlr stands out with its emphasis on automation and ease of use, catering specifically to freelancers, solopreneurs, and gig workers. Its strength lies in its ability to eliminate manual data entry and simplify complex financial tasks, making it ideal for those who prefer a hands-off approach to managing their finances. While it may not offer the comprehensive accounting features of some competitors, its targeted approach and affordability make it a compelling choice for its intended audience.

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