SeroBooks vs Wave

Wave earned its users honestly: solid invoicing and basic accounting at no cost, which is exactly right for a freelancer or a very small service business. If that describes you, it is hard to beat and we will not pretend otherwise.

The question is what happens when the business starts holding stock, selling across a counter, or employing people who should not see everything.

Inventory with real depth — serials, batches and expiry, bins, transfers, valuation at cost and retail — is not part of Wave's design. Neither is counter selling, role-based permission control, period locks enforced at the ledger, or an audit trail that keeps superseded entries.

Those are not luxuries once staff and stock enter the picture; they are how a growing business stays honest with itself.

SeroBooks applies GST, HST, PST, RST and QST per line by place of supply for every province and territory, splits combined rates into separate payable accounts, handles PST resale exemptions on purchases, and produces a tax report that reconciles itself against the sales ledger.

GIFI mapping and CCA schedules are in the product too, so the T2 package assembles from the ledger rather than from your accountant's spreadsheet.

Stay on Wave while you are a service business with no inventory, no staff permissions to manage and no counter. The value is genuine and the price is unbeatable.

Move when stock, staff or a till arrive — the point at which what you save in subscription you start paying in reconciliation.