Harvest vs Wave
- ✦ Time Tracking
- ✦ Expense Tracking
- ✦ Project Budgets
- ✦ Accounting
- ✦ Receipt Scanning
- ✦ Bank Connections
Harvest and Wave are both Accounting tools. Harvest starts at $13.75/mo, Wave at $8/mo. Compare features, pricing, and ratings below to find the best fit for your team.
When to Choose Harvest vs Wave
The question that matters: “In what situation will I regret choosing A over B after 3 months?”
Project Budgets flag entries that would exceed allocated hours and route them through Approval Workflows, cutting month-end cost surprises by up to 70%.
Bank Connections pulls live transaction data; the Accounting module cross-references Invoicing records to surface double payments before month-end close.
Custom Reporting stacks Time Tracking hours and Expense Tracking costs by client or team, surfacing margin imbalances before the next contract renewal.
Receipt Scanning with Multi-currency support auto-converts foreign expenses by project code, cutting 8 hours of monthly receipt entry down to 90 minutes.
Online Payments embedded in each invoice let clients pay by card or bank transfer from their inbox, improving collection speed by 18-25%.
Pricing Comparison & PlansHigh· Verified May 30, 2026
Harvest Plans
Free tier available
Free
FreeBest for: Ideal for individuals managing up to two projects
- ✓Basic time tracking
- ✓Basic reporting
- ✓Basic invoicing
Teams
$14/user/moBest for: growing teams needing unlimited projects and users
- ✓Unlimited users
- ✓Unlimited projects
- ✓Invoicing
- ✓Team reporting
- ✓Accounting integrations
Enterprise
Contact SalesBest for: Designed for large organizations requiring tailored solutions and dedicated support
- ✓Advanced administrative controls
- ✓Profitability reporting
- ✓Timesheet approvals
- ✓Activity logs
- ✓Custom reports
Wave Plans
Free tier available
Starter
FreeBest for: This free plan is ideal for new businesses or those with basic accounting needs, offering invoicing and expense tracking without cost.
- ✓Unlimited invoicing
- ✓Estimates
- ✓Bookkeeping
- ✓Unlimited customers and products
- ✓Add your logo and brand colors to an invoice
Receipts
$8/user/moBest for: This plan focuses on efficient receipt management and expense tracking
- ✓Receipt scanning
- ✓Automatic bookkeeping record creation
- ✓Upload receipt files from desktop or mobile
Pro
$19/user/moBest for: The Pro plan provides advanced features for growing businesses needing more robust accounting tools
- ✓Automated bank transaction imports
- ✓Unlimited collaborators
- ✓Remove Wave branding from invoice footer
- ✓Automated late payment reminders
- ✓Unlimited, secure, and reliable bank connections
Payroll
$40/user/moBest for: Designed for businesses managing employee payroll, including tax calculations and direct deposits
- ✓Payroll processing
- ✓Manage 1099 contractors
- ✓Direct deposit
Capability Breakdown
6 differences found across 16 standardized features
- •Time Tracking
- •Invoicing
- •Expense Tracking
- •Project Budgets
- •Team Scheduling
- •Reporting
- •Timesheets
- •Approval Workflows
- •Online Payments
- •Integrations
- •Browser Extension
- •Desktop App
- •Mobile App
- •API
- •Forecasting (Forecast add-on)
- •Accounting
- •Invoicing
- •Receipt Scanning
- •Bank Connections
- •Financial Reports
- •Payroll
- •Online Payments
- •Multi-currency
- •Sales Tax Tracking
- •Recurring Invoicing
- •Customer Management
- •Estimates
- •Mobile App
- •Dashboard
- •Integrations
Strengths & Limitations
Evaluative strengths and weaknesses: not feature lists
- +Seamless integration with its sister tool, Harvest Forecast, for project planning
- +Robust browser extensions and desktop apps for easy time entry
- +Detailed, customizable visual reports on time, budget, and team capacity
- +Direct invoicing from tracked time and expenses, with online payment options
- +Simple, intuitive interface focused purely on time tracking and invoicing
- −Lacks advanced accounting features like ledger or accounts payable
- −No built-in project management or task dependency features
- −Free plan is very limited: only 1 seat and 2 active projects
- −Expense tracking is basic; no receipt scanning or complex approval workflows
- −Per-seat pricing can become expensive for larger teams with infrequent users
- +Truly free accounting, invoicing, and receipt scanning
- +Unlimited users, invoices, and bank connections on the free plan
- +Built-in payment processing (Wave Payments) for faster invoice payment
- +Simple, user-friendly interface designed for non-accountants
- +Mobile app for on-the-go invoicing and receipt capture
- −No dedicated time tracking or project management features
- −Limited to US and Canadian businesses for bank connections and payroll
- −Lacks advanced inventory management for product-based businesses
- −Customer support is primarily email/chatbot on the free plan
- −No third-party app integrations outside of Zapier
At a Glance
Recent Price History
Harvest added a new "Enterprise" plan (Custom pricing)
Plan added · May 30, 2026
Harvest added a new "Teams" plan at $13.75/user/mo
Plan added · May 30, 2026
Harvest removed the "Pro" plan
Plan removed · May 30, 2026
Wave removed the "Wave Advisors" plan
Plan removed · May 30, 2026
Wave removed the "Payroll (Full-Service)" plan
Plan removed · May 30, 2026
Wave added a new "Payroll" plan at $40/user/mo
Plan added · May 30, 2026
Wave added a new "Receipts" plan at $8/user/mo
Plan added · May 30, 2026
Wave raised "Pro" from $16/mo to $19/mo (+19%)
Price change · May 30, 2026
Harvest raised "Pro" from $10.8 to $12/mo (11%)
Price change · May 21, 2026
Frequently Asked Questions
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Sources & Data Trail · Harvest
- 1.Official Pricing Page·Source of verified tiers(Checked: 2026-05-30)
- 2.Official Website·Official vendor website
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Sources & Data Trail · Wave
- 1.Official Pricing Page·Source of verified tiers(Checked: 2026-05-30)
- 2.Official Website·Official vendor website
- 3.G2·G2 verified reviews · 4.4/5 · 319 reviews
- 4.Capterra·Capterra verified reviews · 4.4/5
- 5.TrustRadius·TrustRadius verified reviews
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