Updated March 2026 · Independent Analysis
FreshBooksvsWave
Wave starts at $16/mo, 24% cheaper than FreshBooks's $21/mo. Both rated 4.5/5 by users.
FreshBooksvs Wave
★ 4.5/5+0.1 vs Wave
Only in FreshBooks
- ✦ Expense Tracking
- ✦ Time Tracking
- ✦ Project Management
From $21/mo(pricier)30M+ users · est. 2003
Try FreshBooks Free →
Wavevs FreshBooks
★ 4.4/5-0.1 vs FreshBooks
Only in Wave
- ✦ Accounting
- ✦ Receipt Scanning
- ✦ Bank Connections
✓ Free planFrom $16/mo(cheaper)2M+ small businesses users · est. 2010
Try Wave Free →Ratings Breakdown
FreshBooks
4.5/5 avg
G2 Score4.5/5
Capterra Score4.5/5
G2 Rating4.5/5
Wave
4.4/5 avg
G2 Score4.4/5
Capterra Score4.4/5
G2 Rating4.4/5
Quick Stats
Feature Comparison
FreshBooks uniquely offers Expense Tracking, Time Tracking, Project Management. Wave uniquely offers Accounting, Receipt Scanning, Bank Connections. Both share 5 features including Invoicing, Online Payments, Financial Reports.
Feature
FreshBooks
Wave
Invoicing
✓
✓
Online Payments
✓
✓
Financial Reports
✓
✓
Mobile App
✓
✓
Multi-currency
✓
✓
Expense Tracking
✓
✗
Time Tracking
✓
✗
Project Management
✓
✗
Estimates & Proposals
✓
✗
Bank Reconciliation
✓
✗
Double-entry Accounting
✓
✗
Receipt Capture
✓
✗
Automated Late Reminders
✓
✗
Client Portal
✓
✗
200+ Integrations
✓
✗
Customizable Invoice Templates
✓
✗
Sales Tax Calculations
✓
✗
Automated Billing Schedules
✓
✗
Credit Note Management
✓
✗
Inventory Tracking System
✓
✗
Vendor Management Tools
✓
✗
Budgeting and Forecasting
✓
✗
Cash Flow Analysis
✓
✗
Audit Trail Logs
✓
✗
User Permission Controls
✓
✗
Recurring Invoice Options
✓
✗
Transaction Matching
✓
✗
Accounting
✗
✓
Receipt Scanning
✗
✓
Bank Connections
✗
✓
Payroll
✗
✓
Sales Tax Tracking
✗
✓
Recurring Invoicing
✗
✓
Customer Management
✗
✓
Estimates
✗
✓
Dashboard
✗
✓
Integrations
✗
✓
Total Features
27
15
Quick Verdict
Independent analysis based on features, pricing, and user ratings
Choose FreshBooks if you need:
- ✓ Expense Tracking
- ✓ Time Tracking
- ✓ Project Management
- ✓ Estimates & Proposals
- ✓ Bank Reconciliation
Choose Wave if you need:
- ✓ Accounting
- ✓ Receipt Scanning
- ✓ Bank Connections
- ✓ Payroll
- ✓ Sales Tax Tracking
Pricing Comparison
Wave starts at $16/mo, 24% cheaper than FreshBooks's $21/mo.
FreshBooks Plans
Paid plans only
LiteBest Value
$21/mo- • 5 billable clients
- • Invoicing
- • Expense tracking
Plus
$43/mo- • 50 clients
- • Proposals
- • Recurring billing
Premium
$76/mo- • Unlimited clients
- • Project profitability
Select
Custom- • 500+ clients
- • Dedicated support
Wave Plans
Free tier available
Free (Accounting)
Free- • Accounting
- • Invoicing
- • Receipt scanning
Pro (Accounting)Best Value
$16/mo- • Bank connections
- • Receipt scanning
Payroll
$20/mo base- • + $6/employee
- • Tax-filing states
Advisors
$149/mo- • 1-on-1 coaching
- • Bookkeeping support
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❓ Frequently Asked Questions
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