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Wave vs Eleven Comparison (2026)

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Wave logo

Wave

Eleven logo

Eleven

Overview

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

Eleven helps accounting firms replace complexity with efficiency. Manage multiple entities, handle global clients, and scale operations from one powerful, cloud-based platform.

  • 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

19

Per month

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

Starting from

35

Per month

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

User reviews

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

4.9

122

5

4

3

2

1

114

8

0

0

0

  • Value for money
  • Ease of use
  • Features
  • Customer support
99%
would recommend this app

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

Pros

“Create invoices, monitor pending payments and also monitor customer payment history all in one place.”
Verified reviewer profile picture

Rajiv D.

Data Analyst

“At times, finance and operations teams had different versions of the same records which created reporting issues. When we started Eleven it all was centralized.”
Verified reviewer profile picture

Rajiv D.

Data Analyst

“Exported data is commonly utilized for trend analysis, monthly forecasting, and internal management dashboards.”
Verified reviewer profile picture

Rajiv D.

Data Analyst

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

Cons

“Also, the documentation didn’t explain some of the advanced features very well so there was some trial and error in the onboarding.”
Verified reviewer profile picture

Rajiv D.

Data Analyst

“Another minor issue is that the initial setup took longer than expected.”
Verified reviewer profile picture

Rajiv D.

Data Analyst

“Certainly, we face customization constraints as majority of the billing formats are quite complex and difficult to put in Eleven.”
AP

Aashutosh P.

Assistant Manager

  • Vendor responds to reviews
  • Last review23 days ago
  • Vendor responds to reviews
  • Last review6 months ago

Key features

  • Total features86
  • ACH Payment Processing
  • Access Controls/Permissions
  • Accounting
  • Accounting Integration
  • Accounts Payable
  • Accounts Receivable
  • Activity Dashboard
  • Activity Tracking
  • Alerts/Notifications
  • Approval Process Control
  • Archiving & Retention
  • Asset Tracking
  • Audit Management
  • Audit Trail
  • Automatic Billing
  • Bank Reconciliation
  • Billing & Invoicing
  • Bookkeeping Services Integration
  • Budgeting/Forecasting
  • CPA Firms
  • CRM
  • Cash Flow Management
  • Cash Management
  • Categorization/Grouping
  • Change Management
  • Chart of Accounts
  • Collaboration Tools
  • Commission Management
  • Compliance Management
  • Credit Card Processing
  • Currency Conversion
  • Customer Statements
  • Customizable Branding
  • Customizable Templates
  • Dashboard
  • Data Import/Export
  • Data Security
  • Direct Deposit
  • Document Management
  • Document Storage
  • Electronic Payments
  • Email Reminders
  • Encryption
  • Estimating
  • Expense Tracking
  • Financial Analysis
  • Financial Management
  • Financial Reporting
  • Fixed Asset Management
  • For Legal Professionals
  • For Medical Purposes
  • For Real Estate
  • For Religious Organizations
  • For Small Businesses
  • Fund Accounting
  • General Ledger
  • Income & Balance Sheet
  • Inventory Management
  • Invoice Creation
  • Invoice History
  • Invoice Management
  • Invoice Processing
  • Mobile App
  • Monitoring
  • Multi-Currency
  • Multi-Location
  • Online Invoicing
  • PCI Compliance
  • Partial Payments
  • Payment Collection
  • Payment Reconciliation
  • Payment Tracking
  • Payroll Management
  • Payroll Reporting
  • Profit/Loss Statement
  • Project Accounting
  • Projections
  • Purchase Order Management
  • Real-Time Analytics
  • Real-Time Data
  • Real-Time Monitoring
  • Real-Time Notifications
  • Real-Time Reporting
  • Real-Time Updates
  • Receipt Management
  • Receivables Ledger
  • Recurring Invoicing
  • Recurring Payments
  • Recurring/Subscription Billing
  • Reminders
  • Remote Access/Control
  • Reporting & Statistics
  • Reporting/Analytics
  • Revenue Recognition
  • Role-Based Permissions
  • SSL Security
  • Sales Tax Management
  • Security Auditing
  • Spend Management
  • Status Tracking
  • Tax Compliance
  • Tax Filing
  • Tax Management
  • Third-Party Integrations
  • Time & Expense Tracking
  • Transaction History
  • Transaction Management
  • Vendor Management
  • Total features59
  • ACH Payment Processing
  • Access Controls/Permissions
  • Accounting
  • Accounting Integration
  • Accounts Payable
  • Accounts Receivable
  • Activity Dashboard
  • Activity Tracking
  • Alerts/Notifications
  • Approval Process Control
  • Archiving & Retention
  • Asset Tracking
  • Audit Management
  • Audit Trail
  • Automatic Billing
  • Bank Reconciliation
  • Billing & Invoicing
  • Bookkeeping Services Integration
  • Budgeting/Forecasting
  • CPA Firms
  • CRM
  • Cash Flow Management
  • Cash Management
  • Categorization/Grouping
  • Change Management
  • Chart of Accounts
  • Collaboration Tools
  • Commission Management
  • Compliance Management
  • Credit Card Processing
  • Currency Conversion
  • Customer Statements
  • Customizable Branding
  • Customizable Templates
  • Dashboard
  • Data Import/Export
  • Data Security
  • Direct Deposit
  • Document Management
  • Document Storage
  • Electronic Payments
  • Email Reminders
  • Encryption
  • Estimating
  • Expense Tracking
  • Financial Analysis
  • Financial Management
  • Financial Reporting
  • Fixed Asset Management
  • For Legal Professionals
  • For Medical Purposes
  • For Real Estate
  • For Religious Organizations
  • For Small Businesses
  • Fund Accounting
  • General Ledger
  • Income & Balance Sheet
  • Inventory Management
  • Invoice Creation
  • Invoice History
  • Invoice Management
  • Invoice Processing
  • Mobile App
  • Monitoring
  • Multi-Currency
  • Multi-Location
  • Online Invoicing
  • PCI Compliance
  • Partial Payments
  • Payment Collection
  • Payment Reconciliation
  • Payment Tracking
  • Payroll Management
  • Payroll Reporting
  • Profit/Loss Statement
  • Project Accounting
  • Projections
  • Purchase Order Management
  • Real-Time Analytics
  • Real-Time Data
  • Real-Time Monitoring
  • Real-Time Notifications
  • Real-Time Reporting
  • Real-Time Updates
  • Receipt Management
  • Receivables Ledger
  • Recurring Invoicing
  • Recurring Payments
  • Recurring/Subscription Billing
  • Reminders
  • Remote Access/Control
  • Reporting & Statistics
  • Reporting/Analytics
  • Revenue Recognition
  • Role-Based Permissions
  • SSL Security
  • Sales Tax Management
  • Security Auditing
  • Spend Management
  • Status Tracking
  • Tax Compliance
  • Tax Filing
  • Tax Management
  • Third-Party Integrations
  • Time & Expense Tracking
  • Transaction History
  • Transaction Management
  • Vendor Management

Integrations

  • Total integrations4
  • Microsoft Excel
  • Microsoft Outlook
  • PayPal Payments
  • Shoeboxed
  • Zapier
  • Total integrations1
  • Microsoft Excel
  • Microsoft Outlook
  • PayPal Payments
  • Shoeboxed
  • Zapier