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FreshBooks vs Wave Comparison (2026)

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FreshBooks logo

FreshBooks

Wave logo

Wave

Overview

FreshBooks lets you create, send & track invoices, as well as create expenses, send late payment reminders and account statements, and set up recurring billing.

With Wave's comprehensive, free and unlimited invoicing tools, you can send invoices, keep track of who owes what, send reminders and more.

  • Platforms supported
  • Web-based
  • iPhone app
  • Android app
  • Windows Phone app
  • Typical customers
  • Freelancers
  • Small businesses
  • Mid size businesses
  • Large enterprises
  • Customer support
  • Phone
  • Online
  • Knowledge base
  • Video tutorials
  • Platforms supported
  • Web-based
  • iPhone app
  • Android app
  • Windows Phone app
  • Typical customers
  • Freelancers
  • Small businesses
  • Mid size businesses
  • Large enterprises
  • Customer support
  • Phone
  • Online
  • Knowledge base
  • Video tutorials

Video & Screenshots

Pricing

Starting from

21

Per month

  • Free trial available
  • Credit cardless trial
  • Free account
  • Subscription based

Starting from

19

Per month

  • Free trial available
  • Credit cardless trial
  • Free account
  • Subscription based

User reviews

4.5

4.5K

5

4

3

2

1

2.6K

1.4K

281

45

37

  • Value for money
  • Ease of use
  • Features
  • Customer support
77%
would recommend this app

4.4

1.7K

5

4

3

2

1

1K

451

107

34

78

  • Value for money
  • Ease of use
  • Features
  • Customer support
78%
would recommend this app

Pros

“We have had the most incredibly productive expenses management and financial reporting experience ever since we started using FreshBooks, making it easy for us to properly manage and use our financial resources during operations.”
jm

jawad m.

Operation Clerk

“It also help tracks paid and over due invoices, with its invoice and billing management features i also get to issue a professional invoice.”
LT

Linda T.

Assistant Director

“The automation for recurring invoices and payment reminders saves time, and the reports provide clear visibility into financial performance.”
Verified reviewer profile picture

Sarthak B.

Software Developer

Pros

“It helps save time with daily bookkeeping tasks, invoicing, and tracking payments. While it may not have all the advanced features of bigger platforms, it works well for basic business accounting needs.”
ST

Sai T.

Construction Project Manager

“The starter edition is free which is awesome, you are able to process payroll, invoice clients and perform monthly accounting at no cost. ”
Verified reviewer profile picture

Tim O.

Partner

“I am able to track my spending with categories, as well, and that makes it easier to do my taxes at the end of each year.”
Verified reviewer profile picture

Amber M.

Owner

Cons

“management for industrial components and international currency variations lack depth for a company of our scale, forcing me to use a separate software in parallel for heavy supply chain tracking.”
RC

Ron C.

Engineering and Maintenance Leader

“It lacks some advanced features,pricing gets high as you grow and its invoice and report customization is limited.”
GO

Gabriella O.

Human resources manager

“Some of the reporting and customization options feel limited, especially when you need something more detailed.”
Verified reviewer profile picture

Swetha C.

Program Manager

Cons

“My customer paid by ACH/bank payment through Wave, the funds were withdrawn from the customer, and then Wave refused to release the payment to my business account because they claimed they could not verify my business.”
ek

emir k.

Principal

“I tried to recommend my friend to use Wave but they were unable to sign-up as my friend works in healthcare, and there were some data storage restriction due to HIPAA and Wave's data policies, which prevented the registration to continue.”
Verified reviewer profile picture

Salina T.

Owner

“Wave did not first request specific documents, did not explain exactly what verification failed, and did not give me a meaningful opportunity to resolve the issue.”
ek

emir k.

Principal

  • Vendor responds to reviews
  • Last review4 days ago
  • Vendor responds to reviews
  • Last review23 days ago

Key features

  • Total features118
  • ACH Payment Processing
  • Access Controls/Permissions
  • Accounting
  • Accounting Integration
  • Accounts Payable
  • Accounts Receivable
  • Activity Dashboard
  • Activity Tracking
  • Alerts/Notifications
  • Attendance Tracking
  • Automatic Billing
  • Automatic Time Capture
  • Bank Reconciliation
  • Billable & Non-Billable Hours
  • Billable Items Tracking
  • Billing & Invoicing
  • Billing Portal
  • Billing Rate Management
  • Budgeting/Forecasting
  • CPA Firms
  • CRM
  • Cash Flow Management
  • Cash Management
  • Chart of Accounts
  • Client Management
  • Client Portal
  • Collaboration Tools
  • Commission Management
  • Communication Management
  • Contact Database
  • Cost Database
  • Cost Estimating
  • Credit Card Processing
  • Currency Conversion
  • Customer Accounts
  • Customer Statements
  • Customizable Branding
  • Customizable Invoices
  • Customizable Templates
  • Dashboard
  • Data Import/Export
  • Data Security
  • Data Visualization
  • Deferred Billing
  • Direct Deposit
  • Discount Management
  • Document Storage
  • Electronic Payments
  • Email Management
  • Email Reminders
  • Employee Database
  • Employee Management
  • Employee Profiles
  • Encryption
  • Estimating
  • Expense Claims
  • Expense Tracking
  • Financial Analysis
  • Financial Management
  • Financial Reporting
  • Fixed Asset Management
  • For AEC Industry
  • For Legal Professionals
  • For Medical Purposes
  • For Real Estate
  • For Religious Organizations
  • For Small Businesses
  • Fund Accounting
  • General Ledger
  • Hourly Billing
  • Income & Balance Sheet
  • Inventory Management
  • Invoice Creation
  • Invoice History
  • Invoice Management
  • Invoice Processing
  • Job Costing
  • Mileage Tracking
  • Mobile Access
  • Mobile App
  • Mobile Payments
  • Mobile Receipt Upload
  • Multi-Currency
  • Multi-Language
  • Multi-Period Recurring Billing
  • Multiple Billing Rates
  • Multiple Projects
  • Online Invoicing
  • Online Payments
  • Online Time Tracking
  • PCI Compliance
  • Partial Payments
  • Payment Processing
  • Payment Reconciliation
  • Payment Tracking
  • Payroll Management
  • Payroll Reporting
  • Performance Metrics
  • Profit/Loss Statement
  • Project Accounting
  • Project Billing
  • Project Management
  • Project Planning
  • Project Time Tracking
  • Project Tracking
  • Projections
  • Proposal Generation
  • Purchase Order Management
  • Quotes/Estimates
  • Real-Time Notifications
  • Real-Time Updates
  • Receipt Management
  • Receivables Ledger
  • Recurring Invoicing
  • Recurring Payments
  • Recurring/Subscription Billing
  • Reminders
  • Remote Access/Control
  • Reporting & Statistics
  • Reporting/Analytics
  • Revenue Recognition
  • SSL Security
  • Sales Tax Management
  • Search/Filter
  • Self Service Portal
  • Spend Control
  • Spend Management
  • Status Tracking
  • Task Scheduling
  • Tax Calculation
  • Tax Compliance
  • Tax Filing
  • Tax Management
  • Third-Party Integrations
  • Time & Expense Tracking
  • Time Tracking by Client
  • Time Tracking by Project
  • Timer
  • Timesheet Management
  • Transaction History
  • Transaction Management
  • Trip Logs
  • Vendor Management
  • Visual Analytics
  • W-2 Preparation
  • Wage Garnishment
  • Total features86
  • ACH Payment Processing
  • Access Controls/Permissions
  • Accounting
  • Accounting Integration
  • Accounts Payable
  • Accounts Receivable
  • Activity Dashboard
  • Activity Tracking
  • Alerts/Notifications
  • Attendance Tracking
  • Automatic Billing
  • Automatic Time Capture
  • Bank Reconciliation
  • Billable & Non-Billable Hours
  • Billable Items Tracking
  • Billing & Invoicing
  • Billing Portal
  • Billing Rate Management
  • Budgeting/Forecasting
  • CPA Firms
  • CRM
  • Cash Flow Management
  • Cash Management
  • Chart of Accounts
  • Client Management
  • Client Portal
  • Collaboration Tools
  • Commission Management
  • Communication Management
  • Contact Database
  • Cost Database
  • Cost Estimating
  • Credit Card Processing
  • Currency Conversion
  • Customer Accounts
  • Customer Statements
  • Customizable Branding
  • Customizable Invoices
  • Customizable Templates
  • Dashboard
  • Data Import/Export
  • Data Security
  • Data Visualization
  • Deferred Billing
  • Direct Deposit
  • Discount Management
  • Document Storage
  • Electronic Payments
  • Email Management
  • Email Reminders
  • Employee Database
  • Employee Management
  • Employee Profiles
  • Encryption
  • Estimating
  • Expense Claims
  • Expense Tracking
  • Financial Analysis
  • Financial Management
  • Financial Reporting
  • Fixed Asset Management
  • For AEC Industry
  • For Legal Professionals
  • For Medical Purposes
  • For Real Estate
  • For Religious Organizations
  • For Small Businesses
  • Fund Accounting
  • General Ledger
  • Hourly Billing
  • Income & Balance Sheet
  • Inventory Management
  • Invoice Creation
  • Invoice History
  • Invoice Management
  • Invoice Processing
  • Job Costing
  • Mileage Tracking
  • Mobile Access
  • Mobile App
  • Mobile Payments
  • Mobile Receipt Upload
  • Multi-Currency
  • Multi-Language
  • Multi-Period Recurring Billing
  • Multiple Billing Rates
  • Multiple Projects
  • Online Invoicing
  • Online Payments
  • Online Time Tracking
  • PCI Compliance
  • Partial Payments
  • Payment Processing
  • Payment Reconciliation
  • Payment Tracking
  • Payroll Management
  • Payroll Reporting
  • Performance Metrics
  • Profit/Loss Statement
  • Project Accounting
  • Project Billing
  • Project Management
  • Project Planning
  • Project Time Tracking
  • Project Tracking
  • Projections
  • Proposal Generation
  • Purchase Order Management
  • Quotes/Estimates
  • Real-Time Notifications
  • Real-Time Updates
  • Receipt Management
  • Receivables Ledger
  • Recurring Invoicing
  • Recurring Payments
  • Recurring/Subscription Billing
  • Reminders
  • Remote Access/Control
  • Reporting & Statistics
  • Reporting/Analytics
  • Revenue Recognition
  • SSL Security
  • Sales Tax Management
  • Search/Filter
  • Self Service Portal
  • Spend Control
  • Spend Management
  • Status Tracking
  • Task Scheduling
  • Tax Calculation
  • Tax Compliance
  • Tax Filing
  • Tax Management
  • Third-Party Integrations
  • Time & Expense Tracking
  • Time Tracking by Client
  • Time Tracking by Project
  • Timer
  • Timesheet Management
  • Transaction History
  • Transaction Management
  • Trip Logs
  • Vendor Management
  • Visual Analytics
  • W-2 Preparation
  • Wage Garnishment

Integrations

  • Total integrations107
  • 123FormBuilder
  • 2Ship
  • AWeber
  • ActiveCampaign
  • Acuity Scheduling
  • Adobe Commerce
  • Agile CRM
  • Approveit
  • Asana
  • Autotask PSA
  • Avalara
  • Basecamp
  • Bench
  • Bidsketch
  • BigCommerce
  • Bitrix24
  • Calendly
  • Campaign Monitor by Marigold
  • Capsule
  • Cash Flow Frog
  • Chargezoom
  • Chaser
  • Checkeeper
  • Chrometa
  • ClicData
  • Clio
  • CollBox
  • Constant Contact
  • Corpay
  • Devart ODBC Drivers
  • Dext
  • DocuSend
  • Dropbox Backup
  • Employment Hero
  • Eventbrite
  • Everhour
  • Excel Add-ins
  • Expensify
  • Expiration Reminder
  • Forekast
  • Formstack Forms
  • Freshdesk
  • Geckoboard
  • GoSimpleTax
  • Google Calendar
  • Google Workspace
  • Gravity Forms
  • HappyFox Help Desk
  • Highrise
  • HoneyBook
  • HubSpot CRM
  • HubSpot Marketing Hub
  • Intervals
  • Keap
  • Kissflow
  • Klips
  • Lendflow
  • LiveChat
  • MMC Receipt
  • Mailform
  • Microsoft Outlook
  • MileageWise
  • MinuteDock
  • Netskope One Platform
  • NiceJob
  • Online Check Writer
  • Partial.ly
  • PayPal Payments
  • Payescape
  • Payment Evolution
  • Pegasys
  • Podia
  • Proposify
  • Prospero
  • RightSignature
  • Rydoo
  • Salesforce Sales Cloud
  • SherpaDesk
  • Shoeboxed
  • Shopify
  • Signpost
  • Skyvia
  • Slack
  • Solve CRM
  • Square Payments
  • Squarespace
  • Stripe Payments
  • SurePayroll
  • Syft Analytics
  • Teachable
  • Teamwork.com
  • Todoist
  • Toggl
  • Trello
  • Universe
  • Viably
  • WellyBox
  • WooCommerce
  • WordPress
  • Wufoo
  • Yalla
  • Yearli
  • Zapier
  • Zendesk Suite
  • ZipRecruiter
  • Zoom Workplace
  • authorize.net
  • noCRM
  • Total integrations4
  • 123FormBuilder
  • 2Ship
  • AWeber
  • ActiveCampaign
  • Acuity Scheduling
  • Adobe Commerce
  • Agile CRM
  • Approveit
  • Asana
  • Autotask PSA
  • Avalara
  • Basecamp
  • Bench
  • Bidsketch
  • BigCommerce
  • Bitrix24
  • Calendly
  • Campaign Monitor by Marigold
  • Capsule
  • Cash Flow Frog
  • Chargezoom
  • Chaser
  • Checkeeper
  • Chrometa
  • ClicData
  • Clio
  • CollBox
  • Constant Contact
  • Corpay
  • Devart ODBC Drivers
  • Dext
  • DocuSend
  • Dropbox Backup
  • Employment Hero
  • Eventbrite
  • Everhour
  • Excel Add-ins
  • Expensify
  • Expiration Reminder
  • Forekast
  • Formstack Forms
  • Freshdesk
  • Geckoboard
  • GoSimpleTax
  • Google Calendar
  • Google Workspace
  • Gravity Forms
  • HappyFox Help Desk
  • Highrise
  • HoneyBook
  • HubSpot CRM
  • HubSpot Marketing Hub
  • Intervals
  • Keap
  • Kissflow
  • Klips
  • Lendflow
  • LiveChat
  • MMC Receipt
  • Mailform
  • Microsoft Outlook
  • MileageWise
  • MinuteDock
  • Netskope One Platform
  • NiceJob
  • Online Check Writer
  • Partial.ly
  • PayPal Payments
  • Payescape
  • Payment Evolution
  • Pegasys
  • Podia
  • Proposify
  • Prospero
  • RightSignature
  • Rydoo
  • Salesforce Sales Cloud
  • SherpaDesk
  • Shoeboxed
  • Shopify
  • Signpost
  • Skyvia
  • Slack
  • Solve CRM
  • Square Payments
  • Squarespace
  • Stripe Payments
  • SurePayroll
  • Syft Analytics
  • Teachable
  • Teamwork.com
  • Todoist
  • Toggl
  • Trello
  • Universe
  • Viably
  • WellyBox
  • WooCommerce
  • WordPress
  • Wufoo
  • Yalla
  • Yearli
  • Zapier
  • Zendesk Suite
  • ZipRecruiter
  • Zoom Workplace
  • authorize.net
  • noCRM