Both FreshBooks and Wave Accounting are leading accounting software solutions, but which one is better for you and your business?
Below we compare FreshBooks and Wave Accounting across nearly 50 different data points to help you make find the right one.
FreshBooks vs Wave Accounting Reviews
FreshBooks | Wave Accounting | ||
Trustpilot Rating | 3.4 | 1.5 | |
Number of Trustpilot Reviews | 779 | 127 | |
iPhone App Rating | 4.7 | 4.5 | |
Number of iPhone App Reviews | 10,900 | 5,700 | |
Android App Rating | 4.4 | 3.6 | |
Number of Android App Reviews | 5,490 | 23,000 |
FreshBooks vs Wave Accounting Pricing
FreshBooks | Wave Accounting | |
Free Trial | Yes | No |
Free Trial Length | 30 days | No |
Cheapest Plan Name | Lite | Free |
Cheapest Plan Cost Per Month | $33 | NA |
Mid Priced Plan Name | Plus | NA |
Mid Priced Plan Cost Per Month | $33 | NA |
Top Plan Name | Premium | No |
Top Plan Cost Per Month | $60 | NA |
FreshBooks vs Wave Accounting Features
Features | FreshBooks | Wave Accounting |
Target Business Size | Medium | Small |
Tax Help | Yes | Yes |
Income & Expenses | Yes | Yes |
Bookkeeping | Yes | Yes |
Send Invoices | Yes | Yes |
Collect Payments Via Bank Transfer | Yes | Yes |
Collect Payments Via Credit Card | Yes | Yes |
Recurring Payments | Yes | Yes |
Enter Bills | Yes | Yes |
Reconcile Bank Transactions | Yes | Yes |
Bank Account Included | No | No |
Cash Flow Report | Yes | Yes |
W-9 + 1099 Management | Yes | Yes |
Help With Sales Tax | Yes | Yes |
Use Multiple Currencies | Yes | Yes |
Expense Tracking | Yes | Yes |
Payroll Software Integration | Yes | Yes |
Tax Deductions | Yes | Yes |
Receipt Capture | Yes | Yes |
Mileage Tracking | Yes | No |
Time Management | Yes | No |
Inventory Management | Yes | Yes |
User Access Controls | Yes | Yes |
Financial Planning | Yes | Yes |
Import/Export To & From Excel | Yes | Yes |
Free Support | Yes | No |
API | Yes | Yes |
List of Other Software Integrations
FreshBooks | Wave Accounting |
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FreshBooks Lite Features

- Billable Clients
- Client Profiles and Account Statements
- Clients Can Store Credit Card Info
- Client Account Portal
- Client Credits
- Unlimited Estimates
- Unlimited + Customized Invoices
- Automated Recurring Invoices
- Scheduled Late Fees
- Automated Late Payment Reminders
- Accept Deposits
- Manage Budget and Billing for Projects
- Online Credit Card Payments
- Online Bank Transfers (ACH)
- Checkout Links Get You Paid Without Invoicing
- Unlimited Time-Tracking
- Unlimited Expenses
- Automated Bank Import
- Mobile Mileage Tracking
- Tax Time Reports
- Business Health Reports
- At-A-Glance Performance Dashboards
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.
FreshBooks Premium Features
NA
Wave Accounting No Features
NA
FreshBooks vs Wave Accounting Pro & Cons
FreshBooks | Wave Accounting | |
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