Updated March 2026 · Independent Analysis
WavevsFreshBooks
Wave starts at $16/mo, 24% cheaper than FreshBooks's $21/mo. Both rated 4.4/5 by users.
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 →
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 →Ratings Breakdown
Wave
4.4/5 avg
G2 Score4.4/5
Capterra Score4.4/5
G2 Rating4.4/5
FreshBooks
4.5/5 avg
G2 Score4.5/5
Capterra Score4.5/5
G2 Rating4.5/5
Quick Stats
Feature Comparison
Wave uniquely offers Accounting, Receipt Scanning, Bank Connections. FreshBooks uniquely offers Expense Tracking, Time Tracking, Project Management. Both share 5 features including Invoicing, Financial Reports, Online Payments.
Feature
Wave
FreshBooks
Invoicing
✓
✓
Financial Reports
✓
✓
Online Payments
✓
✓
Multi-currency
✓
✓
Mobile App
✓
✓
Accounting
✓
✗
Receipt Scanning
✓
✗
Bank Connections
✓
✗
Payroll
✓
✗
Sales Tax Tracking
✓
✗
Recurring Invoicing
✓
✗
Customer Management
✓
✗
Estimates
✓
✗
Dashboard
✓
✗
Integrations
✓
✗
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
✗
✓
Total Features
15
27
Quick Verdict
Independent analysis based on features, pricing, and user ratings
Choose Wave if you need:
- ✓ Accounting
- ✓ Receipt Scanning
- ✓ Bank Connections
- ✓ Payroll
- ✓ Sales Tax Tracking
Choose FreshBooks if you need:
- ✓ Expense Tracking
- ✓ Time Tracking
- ✓ Project Management
- ✓ Estimates & Proposals
- ✓ Bank Reconciliation
Pricing Comparison
Wave starts at $16/mo, 24% cheaper than FreshBooks's $21/mo.
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
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
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❓ Frequently Asked Questions
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