---
description: Compare Penny vs Wave to learn about each of the product's price, benefits and disadvantages. Choose the best software for your business in Australia.
image: https://gdm-localsites-assets-gfprod.imgix.net/images/capterra/og_logo-e5a8c001ed0bd1bb922639230fcea71a.png?auto=format%2Cenhance%2Ccompress
title: Penny vs Wave Comparison - Capterra Australia 2026
---

Breadcrumb: [Home](/) > [Payment Processing Software](/directory/30232/payment-processing/software) > [Penny \<span\>vs\</span\> Wave](https://www.capterra.com.au/compare/160900/178021/penny/vs/wave-apps)

# Compare Penny vs Wave

Canonical: https://www.capterra.com.au/compare/160900/178021/penny/vs/wave-apps

> Detailed comparison between Penny and Wave. Check ratings, reviews, pricing, and features to make the best decision for your business.

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## At a Glance

| Metric | Penny | Wave |
| **Overall rating** | 4.1/5 | 4.4/5 |
| **Total Reviews** | 10 | 1720 |
| **Starting Price** | - | USD 19.00 |
| **Free Trial** | Yes | Yes |
| **Free Version** | Yes | Yes |
| **Deployment** | Cloud, SaaS, Web-based | Cloud, SaaS, Web-based, Android (Mobile), iPhone (Mobile) |
| **Support** | 24/7 (Live rep) | Email/Help Desk, FAQs/Forum, Knowledge Base, Chat |
| **Training** | Live Online, Documentation | In Person, Live Online, Webinars, Documentation, Videos |

## Best for

### Penny

Small to medium sized businesses with between 5-250 employees.

### Wave

Wave helps small business owners, freelancers, solopreneurs, and consultants in the US and Canada manage accounting, payroll, invoicing, estimating and other processes.

## Key features

### Penny

- Activity Dashboard
- Data Import/Export
- Data Security
- PCI Compliance
- Receipt Management
- Spend Control
- Transaction Monitoring

### Wave

- Accounting
- Accounts Payable
- Activity Dashboard
- Cash Flow Management
- Data Import/Export
- Data Security
- Encryption
- For Real Estate
- For Religious Organizations
- Fund Accounting
- Online Invoicing
- PCI Compliance
- Partial Payments
- Projections
- Receipt Management
- Reminders
- Spend Management
- Status Tracking

## Links

- [View Penny Profile](https://www.capterra.com.au/software/160900/penny)
- [View Wave Profile](https://www.capterra.com.au/software/178021/wave-apps)
- [View Original Comparison](https://www.capterra.com.au/compare/160900/178021/penny/vs/wave-apps)

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