Software Alternatives, Accelerators & Startups

Wave Financial VS DrawSQL

Compare Wave Financial VS DrawSQL and see what are their differences

Note: These products don't have any matching categories. If you think this is a mistake, please edit the details of one of the products and suggest appropriate categories.

Wave Financial logo Wave Financial

Award-winning financial software designed for entrepreneurs.

DrawSQL logo DrawSQL

Easy database diagrams. Create, visualize and collaborate on your database entity relationship diagrams.
  • Wave Financial Landing page
    Landing page //
    2023-09-06
  • DrawSQL Landing page
    Landing page //
    2022-10-03

DrawSQL is a simple, beautiful database diagram editor for developers to ๐Ÿšง create, ๐Ÿ’ฌ collaborate and ๐Ÿ‘€ visualize their entity relationship diagrams.

Wave Financial

$ Details
-
Platforms
-
Release Date
2009 January
Startup details
Country
Canada
State
Ontario
City
Toronto
Founder(s)
James Lochrie
Employees
100 - 249

DrawSQL

$ Details
freemium $15.0 / Monthly
Platforms
Browser
Release Date
2018 November

Wave Financial features and specs

  • Free to Use
    Wave Financial offers its core accounting, invoicing, and receipt scanning features for free, making it highly accessible for small businesses and freelancers.
  • User-Friendly Interface
    The platform has an intuitive and clean user interface that makes it easy for users to navigate and manage their financial tasks efficiently.
  • Integrated Payments
    Wave allows businesses to accept online payments, making it easier to manage cash flow and receive payments quickly.
  • Comprehensive Features
    Besides accounting, the platform also offers features like invoicing, payroll, and receipt scanning, allowing businesses to manage various financial aspects in one place.
  • Cloud-Based
    As a cloud-based solution, Wave allows users to access their financial data from anywhere at any time, provided they have an internet connection.

Possible disadvantages of Wave Financial

  • Limited Customer Support
    Wave mainly offers customer support through email and self-help resources. Live chat and phone support are limited, which may be a drawback for some users.
  • Limited Integrations
    Wave offers fewer third-party integrations compared to some of its competitors, which might limit its functionality for businesses that rely on specific tools.
  • Not Ideal for Large Businesses
    The platform is tailored for small businesses and freelancers. Larger businesses may find the features and scalability inadequate for their needs.
  • Payroll Service Limitations
    The payroll service is only available in the United States and Canada, which can be a significant limitation for international businesses.
  • No Inventory Management
    Wave lacks built-in inventory management features, which might be a necessary functionality for businesses that manage physical products.

DrawSQL features and specs

  • Easy to Set-up and use
  • Clean UI
  • Free Trial

Wave Financial videos

Wave - Free Invoicing App!! Is it Right for You?

More videos:

  • Review - UFO361 - WAVE | Review | Kritik | Comeback | Zwischen Drip & Depri

DrawSQL videos

DrawSQL: Create and visualize beautiful database entity relationship diagrams.

Category Popularity

0-100% (relative to Wave Financial and DrawSQL)
Accounting
100 100%
0% 0
Database Tools
0 0%
100% 100
Billing & Invoicing
100 100%
0% 0
SQL Diagrams
0 0%
100% 100

User comments

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Reviews

These are some of the external sources and on-site user reviews we've used to compare Wave Financial and DrawSQL

Wave Financial Reviews

What Are the Best Bill.com Alternatives?
While Bill.com is a leading player in the invoicing space, there are other players who offer interesting alternatives. For instance, Wave offers a free invoicing platform that is easy to use and integrates with other accounting tools seamlessly. By exploring such alternatives and staying ahead of the curve, businesses can unlock new levels of efficiency, productivity, and...
11 Alternatives to QuickBooks in 2024
Wave gets you through the whole receivables process similarly to QuickBooks. It allows you to create invoices, accept payments, and stay on top of any outstanding accounts with crystal-clear reporting. Like QuickBooks, Wave also lets you track your income and expenses, helps you stay on top of your financial health with financial statements, and offers support for multiple...
Source: www.bench.co
The 10 Best Alternatives to GnuCash for Managing Your Finances
Wave is an excellent choice if you're searching for a top GnuCash alternative for business owners. It offers robust reporting features that help you manage your finances and make informed business decisions. Wave is an excellent choice for organizations looking for a powerful accounting tool at an affordable price.
Top 10 QuickBooks Alternatives (Free/Paid)
Wave is the best yet free QuickBooks alternatives, allowing you to handle invoices, investments, and transactions. It is an open-source tool that lets you manage expenses with ease. Wave is a free, user-friendly accounting software designed for small businesses, freelancers, and entrepreneurs who need an easy way to manage their finances. It offers features like invoicing,...
8 Best QuickBooks Alternatives You Can Use in 2021
Similar to ZipBooks, Wave is also an accounting software alternative to Quickbooks. It contains enough features needed to run a small business. They provide paid payment processors and payrolls to generate money. Above all, it comes completely free of charge.
Source: techdator.net

DrawSQL Reviews

Best Database Diagram Tools โ€“ Free and Paid
Web tools like dbdiagram.io, DrawSQL, and SqlDBM are ideal for remote teams, quick access, and easy sharing. They run in the browser, require no setup, and often include real-time collaboration. Desktop tools like dbForge Studio and DbSchema, on the other hand, offer deeper control, live database integration, and richer offline capabilitiesโ€”ideal for complex enterprise...
Source: blog.devart.com
8 Best Database Design Tools in 2025
DrawSQL is a fast and user-friendly tool designed for creating, visualizing, and designing ER diagrams. It enables users to analyze relationships among database objects and generate SQL (DDL) scripts to convert diagrams into databases. Additionally, users can export live documents of their database schemas for future reference. DrawSQL suits both individual users and...
Source: www.devart.com

Social recommendations and mentions

Based on our record, Wave Financial should be more popular than DrawSQL. It has been mentiond 42 times since March 2021. We are tracking product recommendations and mentions on various public social media platforms and blogs. They can help you identify which product is more popular and what people think of it.

Wave Financial mentions (42)

  • First freelancing gig, need advice
    If you need CC processing for yourself, go to waveapps.com and go create an account. Source: about 3 years ago
  • Proposal, Invoice, and Payment Solutions
    I use waveapps.com. It's free and keeps track of everything all in one spot. You can even accept credit cards through them. Source: about 3 years ago
  • Time to say goodbye to Quickbooks
    You know that Quicken comes from the same company as Quickbooks, right? Personally I would go back to a #2 and ledger paper before I give Intuit another nickel. Quicken For Small Business looks inexpensive at the moment, but it is also SaaS and they will still have you by the short hairs just like they do now. Take a look at waveapps.com . It's free for the basic accounting software. Source: about 3 years ago
  • Just confirming for others that QB 2022 did indeed die at end of subscription
    You can dig for my other post if you want, short story is that I was tricked into upgrading from QB Desktop 2019 to 2022 because "2019 will stop working". I was not told QBD 2022 was subscription based. They hit me up 30 days before end of subscription and jacked my annual fee from $220 to $549. After 15 years I'm done with this. Solo Freelancer. Don't need to pay for something that I don't use all the features.... Source: about 3 years ago
  • Payroll expense tracking?
    Wave does all of this. I only use the invoicing product, but I know they also offer bookkeeping and even payroll services. Source: about 3 years ago
View more

DrawSQL mentions (12)

  • AI assistance in Development
    With this, I went for designing the db. I went to http://drawsql.app/ and created my first draft. Then exported the DDL and did a bit of back and forth with AI. This is the final draft of the database:. - Source: dev.to / 8 months ago
  • How Changing Requirements Shape the Infrastructure of a Software Project
    So I started designing the DB using this cool tool. The project has 2 tables, users and categories . The user can create many categories as he wants so the first approach I took was creating a third table, a union table to store user_id and category_id. With this solution the users are able to create x numbers of categories and we can see assign the category to the user. - Source: dev.to / over 1 year ago
  • Creating Diagrams and Databases with Online Tools
    Once you have generated the SQL code, you can convert it into a relational schema (the graphical table model) using DrawSQL. This tool offers:. - Source: dev.to / over 1 year ago
  • ๐Ÿ–Œ๏ธ 5+1 Online Tools for Sketches, Wireframes, Drawings, and Diagrams
    DrawSQL makes it easy for teams to collaborate on creating and maintaining schema diagrams. With a single source of truth, there's no need for manually syncing diagram files between different developers and offline tools anymore. Source: about 3 years ago
  • Newbie: Trying to use Supabase Auth fully with its database.
    To be honest, since you are just getting started, I think you should reconsider simplifying this app to begin with. Built something easier and get some more experience before jumping in the ocean. Maybe start by focusing only on the parent company and sub-companies. However, I strongly recommend you to try and make a diagram of your database with relations and columns as it can you a lot of time. I personally use... Source: about 3 years ago
View more

What are some alternatives?

When comparing Wave Financial and DrawSQL, you can also consider the following products

FreshBooks - The ideal accounting software for small business owners.

DBDiagram.io - Free database diagrams designer for analysts & developers ๐Ÿ› 

QuickBooks Online - QuickBooks Online is a Cloud Accounting for small business that can be used on iPad, mobile phone or computer to do invoicing, billing, run reports, or even pay employees online.

Azimutt - Next-Gen ERD to Design, Explore and Document real world databases (big and messy ones ^^)

Xero - Xero is online accounting for your small business.

MySQL Workbench - MySQL Workbench is a unified visual tool for database architects, developers, and DBAs.