Build my stackFreshBooks vs Wave
Evaluating FreshBooks and Wave requires comparing two popular options in the accounting & invoicing space. While FreshBooks is widely recognized for its ability to help freelancers and service businesses who bill clients, Wave is optimized for teams that need to focus on genuinely free accounting and invoicing.. In this hands-on evaluation, we look at their pricing structures, feature sets, user reviews, and performance to help you decide which tool fits your daily workflow best.
Based on our comprehensive evaluation metrics, FreshBooks emerges as the stronger overall choice for most teams, earning a score of 4.4 compared to 4.2 for Wave. A key factor in this recommendation is that FreshBooks provides beautiful, fast invoicing, which helps streamline workflows. However, Wave remains an excellent alternative if your team is specifically looking for a tool optimized for genuinely free accounting and invoicing. and you value well established product with an active user base. Weigh the cost differences and feature limits carefully before making a commitment.
FreshBooks vs Wave at a glance
| FreshBooks | Wave | |
|---|---|---|
| Category | Accounting & Invoicing | Accounting & Invoicing |
| Our rating | 4.4 / 5 | 4.2 / 5 |
| Starts at | $19/mo | Free |
| Free tier | No | Yes |
| Best for | Freelancers and service businesses who bill clients | Genuinely free accounting and invoicing. |
How they scored, dimension by dimension
In our testing, FreshBooks comes out on top for ease of use with a rating of 4.7 versus 4.3 for Wave. This difference reflects FreshBooks's more robust implementation of these features, which helps teams execute work with less friction. While Wave is capable, it does not match the ease of use or feature depth offered by the winning platform in this category.
In our testing, Wave is the stronger option for features with a rating of 4.2 versus 4.1 for FreshBooks. This difference reflects Wave's more robust implementation of these features, which helps teams execute work with less friction. While FreshBooks is capable, it does not match the ease of use or feature depth offered by the winning platform in this category.
In our testing, FreshBooks edges ahead on value with a rating of 4.2 versus 4.1 for Wave. This difference reflects FreshBooks's more robust implementation of these features, which helps teams execute work with less friction. While Wave is capable, it does not match the ease of use or feature depth offered by the winning platform in this category.
In our testing, FreshBooks has the clear advantage on support with a rating of 4.5 versus 4.2 for Wave. This difference reflects FreshBooks's more robust implementation of these features, which helps teams execute work with less friction. While Wave is capable, it does not match the ease of use or feature depth offered by the winning platform in this category.
Where FreshBooks shines
- Beautiful, fast invoicing
- Friendly for non accountants
- Built in time tracking and expenses
- Client limits on lower tiers
- Less suited to product businesses
Where Wave shines
- Well established product with an active user base
- Regular updates and clear roadmap
- Solid documentation and onboarding
- Our full hands-on testing is still in progress
- Pricing can climb on higher tiers
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So which should you pick?
Choose FreshBooks if
- Built for freelancers and service businesses who bill clients
- ease of use and value matter most to you
- Beautiful, fast invoicing
Choose Wave if
- Built for genuinely free accounting and invoicing.
- features matter most to you
- You want a real free tier before paying
- Budget is tight (from Free)
Wave is the cheaper place to start
Wave has a free tier to start on, while FreshBooks is paid from $19/mo.
FreshBooks plans at a glance
Lite
New freelancers
- 5 billable clients
- Unlimited invoices
- Expense tracking
Plus
Most freelancers
- 50 billable clients
- Recurring invoices
- Double-entry accounting
Premium
Growing businesses
- Unlimited clients
- Project profitability
- Advanced reporting
Pricing is indicative and shown per month at the time of writing. Plans, limits, and prices change often, so check FreshBooks’s site for the latest before you buy.
Common questions
Affiliate disclosure: We may earn a commission if you buy FreshBooks or Wave through the links on this page, at no extra cost to you. We only compare tools we have tested, and commissions never change our scores or which tool we recommend. We currently track 218+ tools.