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FreeAgent vs Wave Accounting: Which Accounting Software Is Better?


Disclosure: We may earn commissions if you shop through the links below.

Last Updated: May 22, 2025

Both FreeAgent and Wave Accounting are leading accounting software solutions, but which one is better for you and your business?

Below we compare FreeAgent and Wave Accounting across nearly 50 different data points to help you make find the right one.

FreeAgent vs Wave Accounting Reviews

FreeAgentWave Accounting
Trustpilot Rating4.61.5
Number of Trustpilot Reviews2,245127
iPhone App Rating4.64.5
Number of iPhone App Reviews375,700
Android App Rating4.53.6
Number of Android App Reviews1,18023,000

FreeAgent vs Wave Accounting Pricing

FreeAgentWave Accounting
Free TrialYesNo
Free Trial Length30 daysNo
Cheapest Plan NameUS BusinessesFree
Cheapest Plan Cost Per MonthNANA
Mid Priced Plan NameNANA
Mid Priced Plan Cost Per MonthNANA
Top Plan NameNoNo
Top Plan Cost Per MonthNANA

FreeAgent vs Wave Accounting Features

FeaturesFreeAgentWave Accounting
Target Business SizeSmallSmall
Tax HelpYesYes
Income & ExpensesYesYes
BookkeepingYesYes
Send InvoicesYesYes
Collect Payments Via Bank TransferYesYes
Collect Payments Via Credit CardYesYes
Recurring PaymentsYesYes
Enter BillsYesYes
Reconcile Bank TransactionsYesYes
Bank Account IncludedNoNo
Cash Flow ReportYesYes
W-9 + 1099 ManagementNoYes
Help With Sales TaxYesYes
Use Multiple CurrenciesYesYes
Expense TrackingYesYes
Payroll Software IntegrationYesYes
Tax DeductionsYesYes
Receipt CaptureYesYes
Mileage TrackingYesNo
Time ManagementYesNo
Inventory ManagementYesYes
User Access ControlsYesYes
Financial PlanningYesYes
Import/Export To & From ExcelYesYes
Free SupportYesNo
APIYesYes

List of Other Software Integrations

FreeAgentWave Accounting
  • Stripe
  • PayPal
  • Sellwire
  • WooCommerce
  • AutoEntry
  • Dext
  • Pennucia
  • Commusoft
  • Zapier
  • Make
  • Google Workspace
  • Zohoflow
  • HubSpot CRM
  • noCRM.io
  • Stripe
  • PayPal

FreeAgent US Businesses Features

  • Sales Tax Reporting
  • Multi-Currency Invoicing.
  • Estimates and Invoices
  • Expenses
  • Time Tracking
  • Dashboard
  • Banking
  • Projects

Wave Accounting Free Features

  • Get unlimited income and expense tracking.
  • Add unlimited partners, collaborators, or accountants.
  • Know if you should charge clients more just by glancing at your dashboard.
  • Make unlimited bank and credit card connections.
  • Access helpful reports like Overdue Invoices & Bills and Profit & Loss.

FreeAgent No Features

NA

Wave Accounting No Features

NA

FreeAgent vs Wave Accounting Pro & Cons

FreeAgentWave Accounting
Pros
  • Freelancer-friendly
  • Automatic Bank Feeds
  • Excellent Business Dashboard
  • Free plan
  • Unlimited invoicing
  • Robust reporting
Cons
  • Not ideal for large businesses
  • Pricing flexibility
  • Limited features for complex needs
  • Additional fee for scanning and uploading receipts
  • No live support
  • No third-party integrations with additional features

Other Accounting Software Comparisons

  • TaxSlayer Pro vs ZarMoney
  • NetSuite vs TrulySmall Accounting
  • Kashoo vs LessAccounting
  • Botkeeper vs Accurants
  • Patriot Software vs Botkeeper
  • QuickBooks Online vs Odoo Accounting
  • Sage Accounting vs NetSuite
  • Odoo Accounting vs LessAccounting
  • FreeAgent vs Akaunting
  • Akaunting vs Acclux

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