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Best Online Bookkeeping Software in Canada: Xero vs Wave Accounting

Paperless Books
11 min readDec 7, 2020

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best online bookkeeping software in canada

For most businesses, finding and choosing the best online bookkeeping software can be a headache. With so many online bookkeeping softwares in the market, how do you know which is right for your business?

This blog will look at two leading online cloud accounting / bookkeeping software that are used by many small, medium and large businesses in Canada. Xero and Wave Accounting have been proven to be reliable choices for Canadian businesses. But when it comes to bookkeeping, do they provide the same value?

Out of the two, choosing the right software for your business will depend on how your business operates now and how you want it to operate in the long-term.

This guide will break down the pros and cons of using Xero or Wave Accounting for your business.

We will touch on the following topics to make an informed decision about each online bookkeeping software:

  1. Overview
  2. Prices of Bookkeeping Software
  3. Security
  4. Cloud based or locally installed
  5. Services
  6. Record Keeping
  7. Financial Reports
  8. Customer Support
  9. Integrations

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Paperless Books
Paperless Books

Written by Paperless Books

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Everything about online businesses in Canada. Paperless Books is an online bookkeeping company with the goal of simplifying bookkeping for businesses.

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