FreshBooks vs Wave
Updated 2026 — Side-by-side comparison of features, pricing, and scores.
FreshBooks
7.7/10
Great
Ease of Use9
Value for Money7.5
Support8.5
Features7.5
Scalability6.5
Integrations7
Wave
6.3/10
Good
Ease of Use8.5
Value for Money10
Support6
Features5.5
Scalability4
Integrations2
Feature Comparison
| Feature | FreshBooks | Wave |
|---|---|---|
| Invoicing | ✓ Award-winning invoicing with auto-reminders | ✓ Unlimited free invoicing |
| Expense Tracking | ✓ Auto-import and categorize expenses | ✓ Free expense tracking |
| Bank Reconciliation | ✓ Bank connection and reconciliation | ✓ Bank connections and reconciliation |
| Tax Management | ✓ Tax-time reports and sales tax tracking | ~ Sales tax tracking, basic tax reports |
| Financial Reports | ✓ P&L, balance sheet, tax summary | ✓ P&L, balance sheet, cash flow, sales tax |
| Payroll | ~ Via Gusto integration | ~ Available as paid add-on in US & Canada |
| Multi-Currency | ✓ Multi-currency invoicing and expenses | ✗ Not supported |
| Project Tracking | ✓ Project budgets and profitability | ✗ Not available |
| Inventory Management | ✗ Not available | ✗ Not available |
| Receipt Scanning | ✓ Mobile receipt scanning | ✓ Unlimited receipt scanning |
| Mobile App | ✓ iOS & Android | ✓ iOS & Android for invoicing and receipts |
| API Access | ✓ RESTful API | ✗ No public API |
| Free Plan Available | ✗ 30-day free trial only | ✓ Core accounting and invoicing free forever |
| Time Tracking | ✓ Built-in time tracking on all plans | ✗ Not available |
| Third-Party Integrations | ✓ 100+ integrations | ✗ Very limited integrations |
✓ Full support~ Limited✗ Not available
Pricing Comparison
FreshBooks Pricing
SelectCustom
Lite$19/mo
$17/mo billed annually
PlusPopular$33/mo
$30/mo billed annually
Premium$60/mo
$55/mo billed annually
Wave Pricing
FreePopularFree
Pro$16/mo
$14/mo billed annually
FAQ
Is FreshBooks or Wave better?
It depends on your needs. FreshBooks scores 7.7/10 overall while Wave scores 6.3/10. Compare the detailed feature matrix above to find the best fit.