QuickBooks, Wave or Sage: Which Software Should Your SME Choose?

Choosing accounting software is one of the first technical decisions an SME or self-employed professional needs to make. At Omnia, we work with the three leading options on the market: QuickBooks Online, Wave and Sage. Here's how they compare, to help you choose the right one for your situation.

QuickBooks Online: the most versatile standard

QuickBooks Online is the most widely used software among Canadian SMEs, and for good reason: it covers almost every need, from invoicing to payroll to inventory tracking. Its interface is intuitive and it integrates well with hundreds of third-party apps. It's generally our default recommendation for a growing SME that expects to have employees, manage inventory, or produce more detailed reports.

Wave: free and simple to get started

Wave stands out for its free core bookkeeping features (invoicing, tracking revenue and expenses). It's an excellent option for a self-employed professional or a very small business starting out on a tight budget. The catch: advanced features (payroll, custom reports) are more limited than with QuickBooks, and the app ecosystem is