FreshBooks vs Wave

Which no-code tool is better for your project? Compare features, pricing, and more.

FreshBooks

FreshBooks

Accounting software built for owners.

4.5
Try FreshBooks
Wave

Wave

Free financial software for small businesses.

4.2
Try Wave

Quick Verdict

FreshBooks is best for freelancer invoicing and accounting. Wave is best for freelancer accounting. Not sure? Let our AI recommend the right one.

FeatureFreshBooksWave
PricingFrom $17/moContact
Pricing Modelpaidfreemium
Rating4.5/54.2/5
AI Features✓ Yes✗ No
Founded20032010
Company Size500-1000200-500
Key Features
  • Professional invoicing
  • Time tracking
  • Expense management
  • Project profitability tracking
  • Financial reports
  • Free accounting and bookkeeping
  • Invoicing with online payments
  • Receipt scanning (mobile app)
  • Financial reporting (P&L, balance sheet)
  • Bank connections
IntegrationsStripe, PayPal, Gusto, ShopifyPayPal, Etsy, Shoeboxed, Zapier

FreshBooks — Pros & Cons

Best invoicing experience for freelancers and service businesses
Extremely user-friendly — no accounting knowledge needed
Excellent time tracking built in
Strong mobile app
Not suited for complex accounting needs (inventory, manufacturing)
Limited reporting compared to QuickBooks or Xero
Pricing per client can add up

Wave — Pros & Cons

Core accounting and invoicing completely free
Great for solopreneurs and micro-businesses
Clean, simple interface
Receipt scanning via mobile app
No inventory management
Limited integrations compared to QuickBooks or Xero
Payment processing and payroll are paid add-ons

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