FreshBooks vs Wave
Detailed comparison to help you choose the right tool for your needs
F
FreshBooks
Accounting software built for owners
4.5
Editorial RatingW
Wave
Free accounting and invoicing for small businesses
4.4
Editorial RatingQuick Comparison
Rating
4.5
vs4.4
Starting Price
$19
vsFree
Pricing Model
paid
vsfree
Feature
FreshBooks
Wave
Invoicing
Time Tracking
Expense Management
Project Profitability
Double-Entry Accounting
Client Portal
Accounting
Receipt Scanning
Financial Reporting
Payment Processing
Payroll
FreshBooks Pros
- Best-in-class invoicing experience
- Excellent time tracking built in
- Very easy to learn for non-accountants
- Great client portal and payment experience
- Strong mobile apps for iOS and Android
- Friendly and responsive customer support
FreshBooks Cons
- Client limits on lower plans
- Not ideal for product-based businesses
- Limited inventory management
- Reporting is less advanced than competitors
- No payroll feature built in
- Double-entry accounting added late and feels bolted on
Wave Pros
- Core accounting and invoicing are completely free
- No client or invoice limits
- Clean and simple interface
- Good for freelancers and solopreneurs
- Receipt scanning via mobile app
- No credit card required to start
Wave Cons
- Limited integrations compared to competitors
- No inventory management
- Payroll is a paid add-on
- Payment processing fees are standard not discounted
- No project tracking or time tracking
- Reporting is fairly basic