BenchvsWave
Score Comparison
Signals Comparison
Bench
- Abrupt shutdown left 12,000+ customers stranded(10/10)
- Books consistently late or incomplete(9/10)
- Tax filing errors and wrong forms(9/10)
- Hundreds of miscategorized transactions(8/10)
- BBB complaints show pattern of unresolved issues(7/10)
Wave
- Payroll switched to Check provider causing major issues(10/10)
- Payments clawed back after customers already received them(9/10)
Bench
- Extreme bookkeeper turnover disrupts service(9/10)
- Unresponsive customer support(8/10)
- Bookkeepers seem to intentionally delay reports(6/10)
Wave
- No customer support unless you pay for services(9/10)
- Accounts frozen or closed without explanation(10/10)
Bench
- Price increases after acquisition(8/10)
- Too expensive for small businesses with few transactions(7/10)
- 12-month contract lock-in(7/10)
Wave
- Free until you need useful features like auto-imports(7/10)
- Payroll costs add up quickly with base fee plus per-employee charges(7/10)
Bench
- Same transactions flagged month after month(7/10)
- Bank accounts constantly need reconnecting(6/10)
Wave
- Auto-categorization causes more work than it saves(7/10)
- No project-based cost tracking or job costing(7/10)
- Limited reporting features lacking customization(6/10)
- Reconciliation process is difficult and time-consuming(6/10)
- No inventory tracking or management capabilities(6/10)
Bench
No signals
Wave
- Bank connections frequently break and disconnect(8/10)
- Currency conversion headaches for international invoicing(6/10)
Bench
No signals
Wave
- Receipt scanning produces blurry photos and lost data(7/10)
Pricing Comparison
Bench
Users: 1 business
Limits: No tax filing included, 12-month contract lock-in, One business only
Users: 1 business
Limits: Full year commitment required upfront, No tax services
Users: 1 business
Limits: 12-month contract lock-in, One business only, Tax errors reported by some users
Users: 1 business
Limits: Full year commitment required, Reports of tax filing errors
Wave
Users: Unlimited users
Limits: No automatic bank transaction imports, limited receipt scanning, no phone support, chatbot only
Users: Unlimited users
Limits: Support response times still slow (multiple business days), no phone support
Users: Base fee + $6/employee
Limits: Recent issues with Check provider transition, tax filing errors reported by users
Users: Base fee + $6/employee
Limits: User must file and pay taxes manually, less automation than tax-service option
Users: Dedicated bookkeeper
Limits: High cost for small businesses, may not suit businesses with simple needs
Feature Comparison
| Feature | Bench | Wave |
|---|---|---|
| Core | ||
| Human bookkeepers High turnover rate | ||
| Free invoicing Unlimited invoices on free plan | ||
| Bank connections Reconnection issues | ||
| Expense tracking Manual entry on free, auto-import on Pro | ||
| Monthly bookkeeping Often delayed | ||
| Year-end financials Tax-ready statements | ||
| 1099 reporting Both plans | ||
| Accounting | ||
| Bank reconciliation Connection issues frequently reported | ||
| Double-entry accounting Basic chart of accounts included | ||
| Automatic bank imports Pro plan only ($16/month) | ||
| Premium | ||
| Tax filing Premium plan only, errors reported | ||
| Expenses | ||
| Receipt scanning Limited on free, blurry photo issues reported | ||
| Support | ||
| Consistent bookkeeper 6+ changes/year reported | ||
| Responsive support Frequent complaints | ||
| Customer support Paid users only, 5-7 day response times | ||
| Payroll | ||
| Payroll processing Paid add-on with reliability issues since 2025 | ||
| Reliability | ||
| Timely book completion Major weakness | ||
| Payments | ||
| Online payments 2.9% + $0.60 per transaction | ||
| Flexibility | ||
| No contract lock-in 12-month contract required | ||
| Inventory | ||
| Inventory management Not available | ||
| Projects | ||
| Project tracking No job costing or project profitability | ||
| International | ||
| Multi-currency Basic support with conversion headaches | ||
| Accessibility | ||
| Mobile app iOS better than Android, receipt issues | ||
| Reporting | ||
| Financial reports Basic reports, limited customization | ||