Quick verdict
How these two tools differ.
FreshBooks wins on features and polish; Wave wins on price—free core invoicing. Choose FreshBooks for better client workflow and time tracking; Wave for zero software cost.
Feature comparison
Side-by-side feature check.
SupportedPartial supportNot available
| Feature | FreshBooks | Wave |
|---|---|---|
| Invoicing | Professional invoices and payment links | Professional invoices and payment links |
| Recurring billing | Recurring invoices and reminders | Recurring invoices and reminders |
| Estimates / proposals | Estimates and proposals; convert to invoice | Estimates and proposals; convert to invoice |
| Payment processing | Built-in and third-party payment options | Built-in and third-party payment options |
| Integrations | Accounting, payment, and productivity apps | Accounting, payment, and productivity apps |
| Reporting | Income, expenses, and basic reports | Income, expenses, and basic reports |
| Ease of use | Simple setup and daily use | Simple setup and daily use |
Pricing comparison
What to expect to pay.
FreshBooks starts around $19/month; Wave is free for core invoicing. Wave charges for payment processing and payroll add-ons.
Pros and cons
Strengths and trade-offs.
FreshBooks
Pros
- Strong invoicing features
- Good ease of use
Cons
- Compare plan limits
- May need add-ons
Wave
Pros
- Solid feature set
- Good value
Cons
- Depends on your needs
- Compare tiers
Best for
Which tool fits your situation.
Best for different needs
Each product suits different business sizes and workflows. Read our full reviews for detailed recommendations.
Alternatives
Other options we review.
Read full reviews
Dive deeper into each product.
For detailed ratings, features, and pros and cons, see our standalone reviews:
Best invoicing software guides
Find the right fit by use case or trade.
FAQs
Quick answers.