Invoicing and accounting software built for freelancers and small service businesses.
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FreshBooks vs Wave
Comparing FreshBooks and Wave to help you pick the right Invoicing Tools for your needs.
| Feature | FreshBooks | Wave |
|---|---|---|
| Pricing | Paid | Freemium |
| Platforms | Web, iOS, Android | Web, iOS, Android |
| Launched | 2003 | 2010 |
| Starting price | $19/month | $0 |
| Community votes | 176 | 154 |
FreshBooks Pros & Cons
- Simpler, more approachable interface than full accounting platforms like QuickBooks
- Built-in time tracking ties directly into client invoicing for hourly work
- Professional, customizable invoice templates that look polished to clients
- Free trial available to test before committing
- Lower-tier plans cap the number of billable clients, forcing upgrades as you grow
- Less robust for businesses needing deep inventory or payroll integration
- Some advanced accounting features require the pricier Plus tier or add-ons
Wave Pros & Cons
- Genuinely free core invoicing and accounting, not just a limited trial
- Unlimited invoices and bank account connections on the free tier
- Clean, simple interface suited to non-accountants
- Payment processing and payroll available as paid add-ons if needed later
- Customer support is more limited on the free tier
- Fewer advanced features (inventory, deep reporting) than paid competitors
- Payment processing fees apply when accepting payments through invoices
Verdict: FreshBooks vs Wave
FreshBooks and Wave both serve the Invoicing Tools category well, but suit different priorities. Wave is the more budget-friendly option, Based on community engagement, FreshBooks is currently the more widely adopted choice (176 votes), but the better fit ultimately depends on your specific pricing, platform, and feature requirements.
Frequently Asked Questions
- Which is cheaper, FreshBooks or Wave?
- Wave is the more affordable option overall — it's offered as freemium, while FreshBooks is paid. Check each tool's current pricing plans for exact figures, since promotional rates and annual discounts can shift the comparison.
- Is FreshBooks or Wave rated higher?
- FreshBooks and Wave currently hold comparable editorial ratings, so neither has a clear edge — the right pick depends more on which specific features and pricing fit your use case.
- Which platforms do FreshBooks and Wave support?
- FreshBooks is available on Web, iOS, Android. Wave is available on Web, iOS, Android. Both tools cover a similar range of platforms.
- Can I switch from FreshBooks to Wave (or vice versa)?
- Most invoicing tools tools, including FreshBooks and Wave, support data export in standard formats, making migration possible though rarely fully automatic. Expect to manually verify that custom configurations, integrations, and historical data transfer correctly, and budget time for the team to adjust to workflow differences between the two products.
- Should I choose FreshBooks or Wave?
- FreshBooks and Wave both serve the Invoicing Tools category well, but suit different priorities. Wave is the more budget-friendly option, Based on community engagement, FreshBooks is currently the more widely adopted choice (176 votes), but the better fit ultimately depends on your specific pricing, platform, and feature requirements.