FreshBooks vs Wave Accounting
Comparing two industry leaders in accounting. See how pricing, features, and user ratings stack up.
FreshBooks
PaidAccounting and invoice management built for freelancers, consultants, and service-based agencies.
Core Features
Wave Accounting
FreemiumFree invoicing and accounting software built specifically for sole proprietors and micro-businesses.
Core Features
Feature Breakdown: FreshBooks vs Wave Accounting
See which capabilities are supported out of the box by each platform.
| Feature / Capability | FreshBooks | Wave Accounting |
|---|---|---|
| Professional Invoicing | ✓ Included | — |
| Time Tracking | ✓ Included | — |
| Project Budgets | ✓ Included | — |
| Late Payment Reminders | ✓ Included | — |
| Free Invoicing | — | ✓ Included |
| Income Tracking | — | ✓ Included |
| Bank Connections | — | ✓ Included |
| Credit Card Processing | — | ✓ Included |
Editorial Verdict
Which One Should You Pick?
Choose FreshBooks if:
You need Professional Invoicing and Time Tracking, and prefer a paid model starting at $17/month. With a 4.5 rating, it is ideal for teams focused on speed and simplicity.
Choose Wave Accounting if:
You prioritize Free Invoicing and Income Tracking, and want a solution rated at 4.4/5.0. Its starting tier at $0/month makes it a top competitor for scaling workflows.
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Read comparison →Frequently Asked Questions
Which is better: FreshBooks or Wave Accounting?
FreshBooks is rated 4.5/5.0 (starts at $17/mo), while Wave Accounting is rated 4.4/5.0 (starts at $0/mo). Choose FreshBooks for Professional Invoicing and Time Tracking, or Wave Accounting for Free Invoicing and Income Tracking.
Is FreshBooks cheaper than Wave Accounting?
No, Wave Accounting is more affordable starting at $0/month compared to FreshBooks ($17/month).
Do FreshBooks or Wave Accounting offer free plans?
FreshBooks offers a paid plan, whereas Wave Accounting operates on a freemium tier. Review the side-by-side feature matrix above to see exact tier inclusions.