Wave Accounting vs FreshBooks
Comparing two industry leaders in accounting. See how pricing, features, and user ratings stack up.
Wave Accounting
FreemiumFree invoicing and accounting software built specifically for sole proprietors and micro-businesses.
Core Features
FreshBooks
PaidAccounting and invoice management built for freelancers, consultants, and service-based agencies.
Core Features
Feature Breakdown: Wave Accounting vs FreshBooks
See which capabilities are supported out of the box by each platform.
| Feature / Capability | Wave Accounting | FreshBooks |
|---|---|---|
| Free Invoicing | ✓ Included | — |
| Income Tracking | ✓ Included | — |
| Bank Connections | ✓ Included | — |
| Credit Card Processing | ✓ Included | — |
| Professional Invoicing | — | ✓ Included |
| Time Tracking | — | ✓ Included |
| Project Budgets | — | ✓ Included |
| Late Payment Reminders | — | ✓ Included |
Our Verdict: Which One Should You Pick?
Choose Wave Accounting if:
You need Free Invoicing and Income Tracking, and prefer a freemium model starting at $0/month. With a 4.4 rating, it is ideal for teams focused on speed and simplicity.
Choose FreshBooks if:
You prioritize Professional Invoicing and Time Tracking, and want a solution rated at 4.5/5.0. Its starting tier at $17/month makes it a top competitor for scaling workflows.
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Read comparison →Frequently Asked Questions
Which is better: Wave Accounting or FreshBooks?
Wave Accounting is rated 4.4/5.0 (starts at $0/mo), while FreshBooks is rated 4.5/5.0 (starts at $17/mo). Choose Wave Accounting for Free Invoicing and Income Tracking, or FreshBooks for Professional Invoicing and Time Tracking.
Is Wave Accounting cheaper than FreshBooks?
Yes, Wave Accounting starts at $0/month, which is lower than FreshBooks ($17/month).
Do Wave Accounting or FreshBooks offer free plans?
Wave Accounting offers a freemium plan, whereas FreshBooks operates on a paid tier. Review the side-by-side feature matrix above to see exact tier inclusions.