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FreshBooks vs Wave

A side-by-side look at FreshBooks and Wave: what each costs to start, whether there is a free plan, how easy they are to pick up, and which features and integrations they cover.

Which should you choose?

Choose FreshBooks if

  • Freelancers and consultants who bill by the hour or by project
  • Small agencies and service firms with a modest number of clients
  • People who find full accounting packages intimidating

Choose Wave if

  • Freelancers and side businesses that need invoices and basic books at no cost
  • Very small service businesses in the US or Canada
  • Users who prefer transaction fees over a monthly subscription

Cheapest to start

Not confirmed

Free plan

Wave

Highest editor rating

FreshBooks · 4.1

Comparison of FreshBooks and Wave
CompareFreshBooks
Free planNo
Free trialYes
Starting priceFrom $21/mo
Editor rating4.1
Ease of useVery easy (5/5)
CategoryFinance & Accounting
Pricing modelLite, Plus and Premium at approximately $21, $38 and $65 per month billed monthly, priced by number of billable clients; additional team members cost about $11 per user per month and introductory promotions are common.
Plans
  • Lite $21/mo
  • Plus $38/mo
  • Premium $65/mo
  • Select Custom
PlatformsWeb, iOS, Android, API
IntegrationsGmail, Make, PayPal, Stripe, Zapier
Best for
  • Freelancers and consultants who bill by the hour or by project
  • Small agencies and service firms with a modest number of clients
  • People who find full accounting packages intimidating
Pros
  • Very easy to set up and use, with polished invoices and estimates
  • Built-in time tracking, projects and a client portal suit hourly and project work
  • Good iOS and Android apps
  • Clients can pay by card or bank transfer directly from the invoice
Cons
  • Billable client caps on Lite (5) and Plus (50)
  • Each additional team member costs about $11 per month
  • Weaker general ledger and reporting than QuickBooks Online or Xero
  • No inventory management
API accessYes
Bank connectionsYes
Client portalYes
Expense trackingYes
Mobile appYes
Multi-currency invoicingYes
Payment processingYes
PayrollNo
Quotes & invoicesYes
Recurring invoicesYes
Reporting & dashboardsYes
Tax reportsYes
Time trackingYes

Common questions

Does FreshBooks or Wave have a free plan?
Wave has a free plan. FreshBooks does not, though it offers a free trial.
How long is the FreshBooks and Wave free trial?
FreshBooks offers a 30-day free trial. Wave does not offer one.

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