Your accounting software holds your complete financial history. I analyze the privacy policies that determine who sees your revenue, expenses, and tax records.
Side-by-side comparison of privacy scores across major accounting software.
| Service | Score | Grade | Key Privacy Issue | |
|---|---|---|---|---|
|
W
Wave
Best in Category
|
72 | B | Free tier monetized through data analysis | View Review → |
|
X
Xero
|
65 | B- | Third-party app integrations share data broadly | View Review → |
|
F
FreshBooks
|
58 | C+ | Client data shared for payment processing | View Review → |
|
Q
QuickBooks
|
48 | C | Intuit's extensive cross-product data sharing | View Review → |
All platforms aggregate financial data to build business profiles. This data is used for credit decisions, marketing, and sold to data brokers.
Bank feeds require sharing login credentials or OAuth tokens, creating data flows to third-party aggregators like Plaid or Yodlee.
Your clients' and vendors' contact and payment information is collected and may be used for the platform's own marketing purposes.
Financial records are retained indefinitely even after account closure, creating permanent profiles of your business finances.
We also analyze accounting software terms of service for consumer fairness issues like billing, cancellation, and liability.
View ToS Watchdog Accounting Software →Click through for complete privacy analysis of each accounting software.
If you're worried about how accounting software is using your financial data, or need help understanding your rights under privacy laws, I can help.
Need help with financial data privacy issues?