Ledgre vs. Wave Accounting Comparison


Ledgre	Wave Accounting Wave Financial	+	+
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About Designed specifically for rental properties, Ledgre is software simple enough for non-accountants to navigate but robust enough to handle all the complexity of financial reporting and tax prep. If you're a landlord or rental property investor who wants to manage your books without the expensive fees of a bookkeeper, consider using Ledgre to manage and grow your business. Ledgre offers a dynamic suite of tools and features, including the following: - Import Transactions - Properties - Income and Expense Tracking - Financial Reporting - Tax Preparation Eliminate the guesswork in accounting with simple solutions, real-time insights, and a stress-free tax season. Sign up today and see how automated financial reporting can transform your rental business!	About Powerful, free accounting software. Wave’s easy-to-use accounting software can connect your bank accounts, sync your expenses, balance your books, and get you ready for tax time. Start taking control of your finances today. We designed Wave for small business owners. No jargon, just easy software that makes sense. After creating your account, everything's set up so you can get started right away. Access it anywhere, any time. Your data is always available, and it’s backed up for extra peace of mind. Connect your bank accounts in seconds. The transactions will appear in your bookkeeping automatically, and you can say goodbye to manual receipt entry. Have an eye on the big picture so you can make better business decisions. Our robust reports are easy to use and show month-to-month or year-to-year comparisons so you can easily identify cash flow trends. When everything is neatly where it belongs, tax time is simple.
Platforms Supported Windows Supported Mac Supported Linux Supported Cloud Supported On-Premises Not Supported iPhone Supported iPad Supported Android Supported Chromebook Supported	Platforms Supported Windows Not Supported Mac Not Supported Linux Not Supported Cloud Supported On-Premises Not Supported iPhone Not Supported iPad Not Supported Android Not Supported Chromebook Not Supported
Audience Property managers, landlords, property owners, accounting	Audience Small business owners, entrepreneurs, and freelancers that need a powerful but free or low-cost accounting system
Support Phone Support Not Supported 24/7 Live Support Not Supported Online Supported	Support Phone Support Supported 24/7 Live Support Not Supported Online Supported
API Offers API Not Supported	API Offers API Supported
Screenshots and Videos View more images or videos	Screenshots and Videos View more images or videos
Pricing $20/month for 1-25 units Ledgre is free through tax season (April 15, 2025). $20/month for 1-25 units $30 per month for 26-50 units $45 per month for an unlimited amount of units. Free Version Not Supported Free Trial Supported	Pricing $35 per month Free Plan, Pay-per-use Plan, and Monthly plan all offered. Free Version Supported Free Trial Not Supported
Reviews/Ratings Overall 5.0 / 5 ease 5.0 / 5 features 4.6 / 5 design 4.9 / 5 support 4.4 / 5 Read all reviews	Reviews/Ratings Overall 3.3 / 5 ease 3.7 / 5 features 3.7 / 5 design 4.1 / 5 support 3.1 / 5 Read all reviews
Pros & Cons from Real Users Pros Really like how intuitive the interface is and how easy it is to use.. It's got the features I need and you can't beat the price - Easy to Navigate - Automatically tracks my income and expenses - Actually RE specific (I've tried so many other softwares that i had to tweak to do what Ledgre does in minutes) - Generates my schedule E (Can also do 8825 - I'm not there yet) As a landlord, they have helped me generate all the reports that are essential to my business like P&L and Schedule E. I was able to connect it to the property management software that I use which saved me the headache of actually inputting all that information. Ledgre has a very clean, user-friendly interface and is simple to set up by connecting your bank. Anyone can learn to use this platform. Love that it helps with Schedule E for tax season Cons Sounds like they're continuing to build out the software so I look forward to more features - No 1099 on release, but I'm hoping it will be added with future updates The software is great, there are no specific cons I can think of. I've never used property accounting software, so I had some hiccups while getting started. Nothing major. I hope they continue to add features in the future	Pros & Cons from Real Users Pros Ease, look, my older business accounts are still free, even though my newest one I have to pay for, imports from bank back to 365 days! I honestly can't say anything else good about Wave. It is free easy to use. It takes a lot to set it up but the invoicing and ease of payment for clients is great. This is probably the best self-employed, low budget accounting solution available on the market because you can't beat the price (FREE). We could manage the accounting for our small business until we couldn't. The software worked until it didn't. What I love about Wave is that the accounting and reports, sending invoices, receipt scanning and email support all included for FREE. You cant beat that! Cons Disconnects from bank too often, updates crash account, and recently last update messed up all my accounts so badly that I am now forced to look for a different company bcuz Wave blames it on my bank and won't assist me. Customer Service is horrible and all of it is online, chat which makes it virtually impossible to get anything done - why can't a company get access to my computer to assist, or just have free phone technical support? With this last update, they added Tags and Perks. All my bank accounts disconnected in all three of my business accounts (not my credit card accounts thought). When I reconnected, one: none of my bank accounts are showing the last 3-4 digits so I have no idea which ones to connect now to which business w/out much, much effort, two: when I did import the bank accounts Wave is now combining all transactions between both bank accounts and not in the correct one, and not showing the correct balance in all of them, three: I deleted the bank accounts and reconnected over and over and over and over again, different ways without success to the point I decided to delete the incorrect transactions in the different accounts, only now, when I deleted those transactions, then deleted the bank account to reconnect in hopes with would work, now ALL these deleted transactions won't even transport now - EVEN THOUGH Wave is still showing the correct balances! Fourth: Now with a company bank connection, Wave is asking for a Company ID number - what the heck is this, where can I find it, and if you don't have a Company ID number Wave does not allow the connection! This year this software has disappointed me it has lost bank connections and then tripled the transactions I am not happy and am looking for something that works better. The financial statements are not very professional looking. It does not always remember the proper place to put things and so you really have to be careful reviewing process has to be intense. I am not sure that I will continue to use it after the mess this year still working on fixing the messes. If you have more than one person as admin it screws it up so bad. The reports are not nuanced. You won't get a P&L detail or a P&L by month across multiple months...the rules are not very dynamic. Zero respect for the criticality of a businesses accounting systems and data Well if you have to pick something to dislike about a FREE software I guess I'd have to say I dislike that Wave seemed so new and they are constantly updating and I'm always losing where things are kept. I have a terrible memory!
Training Documentation Not Supported Webinars Supported Live Online Not Supported In Person Not Supported	Training Documentation Supported Webinars Supported Live Online Supported In Person Supported
Company Information Ledgre Founded: 2024 United States ledgre.ai/	Company Information Wave Financial Founded: 2009 Canada www.waveapps.com/accounting
Alternatives Stessa	Alternatives Xero
TaxTank	FreshBooks
Baselane	QuickBooks Online Intuit
Bonsai	Sage Intacct
SimplifyEm Property Management SimplifyEm.com View All	AccountEdge Priority Software US View All
Categories Accounting Supported Financial Reporting Supported Property Tax Supported Real Estate Accounting Supported Tax Preparation Supported	Categories Accounting Supported Accounts Receivable Supported Billing and Invoicing Supported Bookkeeping Supported Expense Report Supported General Ledger Supported Law Firm Accounting Supported Medical Accounting Supported Real Estate Accounting Supported Receipt Scanner Supported Recurring Billing Supported Restaurant Accounting Supported
Accounting Features Accounts Payable Not Supported Accounts Receivable Supported Bank Reconciliation Not Supported Billing & Invoicing Supported Cash Management Not Supported CPA Firms Not Supported Cryptocurrency Support Not Supported Expense Tracking Supported Fixed Asset Management Not Supported Fund Accounting Not Supported General Ledger Supported Government Not Supported Multi-Currency Not Supported Nonprofits Not Supported Payroll Management Not Supported Project Accounting Not Supported Purchase Orders Not Supported Tax Management Supported Real Estate Accounting Features Accounts Payable Supported Accounts Receivable Supported Bank Reconciliation Not Supported Commission Management Not Supported Contract Management Not Supported General Ledger Supported Mobile Access Not Supported Payroll Supported Property Development Management Supported Reporting / Analytics Supported Work Order Management Not Supported	Accounting Features Accounts Payable Supported Accounts Receivable Supported Bank Reconciliation Supported Billing & Invoicing Supported Cash Management Supported CPA Firms Supported Cryptocurrency Support Not Supported Expense Tracking Supported Fixed Asset Management Supported Fund Accounting Supported General Ledger Supported Government Supported Multi-Currency Supported Nonprofits Supported Payroll Management Supported Project Accounting Supported Purchase Orders Supported Tax Management Supported Real Estate Accounting Features Accounts Payable Supported Accounts Receivable Supported Bank Reconciliation Supported Commission Management Not Supported Contract Management Not Supported General Ledger Supported Mobile Access Supported Payroll Supported Property Development Management Not Supported Reporting / Analytics Supported Work Order Management Not Supported Show More Features Accounts Receivable Features ACH Payment Processing Not Supported Billing & Invoicing Supported Check Processing Not Supported Collections Management Not Supported Online Payment Processing Not Supported Overpayment Processing Not Supported Partial Payments Not Supported Receivables Ledger Not Supported Recurring Billing Not Supported Billing and Invoicing Features Billing Portal Supported Contact Database Supported Contingency Billing Not Supported Customer Portal Not Supported Customizable Invoices Supported Dunning Management Not Supported Hourly Billing Not Supported Invoice History Supported Mobile Payments Not Supported Multi-Currency Supported Online Invoicing Supported Online Payments Supported Payment Processing Not Supported Project Billing Supported Recurring/Subscription Billing Not Supported Service Ticket Billing Not Supported Tax Calculator Not Supported Bookkeeping Features Accounts Payable Supported Accounts Receivable Supported Bank Reconciliation Supported Billing & Invoicing Supported Cash Management Not Supported Collections Not Supported Expense Tracking Supported Fixed Asset Management Not Supported General Ledger Supported Payroll Supported Revenue Recognition Not Supported Spend Management Not Supported Tax Management Not Supported
Integrations ADP Celergo Not Supported Avaza Not Supported Cognito Forms Not Supported Everlance Not Supported Field Service Cloud Not Supported FirstOfficer Not Supported KonnectzIT Not Supported Maintenance Care Not Supported Nango Not Supported PayPal Not Supported Peaka Not Supported Plaid Supported Refold Not Supported Revamp CRM Not Supported Stripe Not Supported Sunflower Lab IDP Not Supported Tasskel Not Supported Unified.to Not Supported Wisely by ADP Not Supported taxomate Not Supported Show More Integrations View All 2 Integrations	Integrations ADP Celergo Supported Avaza Supported Cognito Forms Supported Everlance Supported Field Service Cloud Supported FirstOfficer Supported KonnectzIT Supported Maintenance Care Supported Nango Supported PayPal Supported Peaka Supported Plaid Not Supported Refold Supported Revamp CRM Supported Stripe Supported Sunflower Lab IDP Supported Tasskel Supported Unified.to Supported Wisely by ADP Supported taxomate Supported Show More Integrations View All 68 Integrations
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