Freshbooks Vs Wave Accounting

You can do just the basics with Wave, like track cash flow, or you can handle more advanced responsibilities like invoicing clients, collecting payments and managing payroll. Collecting on monies owed is central to any business’s survival. Many small businesses first turn to a cloud-based accounting solution because they know they need to better staying on top of and tracking accounts receivable. It’s the one function you’re guaranteed to find in every accounting software program. The chart below compares FreshBooks’s and Wave’s invoicing options.

Freshbooks Vs Wave Accounting

FreshBooks and Wave are two of the more basic accounting tools on the market. Invoice customization options for FreshBooks users are very limited. This could be an issue if branding is important to you or if you’re in a creative field and want every visual aspect of your business to be personalized. One of the best invoicing features is that you can see if a customer Freshbooks Vs Wave Accounting has viewed an invoice. That’s helpful when it comes to wondering why a client hasn’t paid yet – if they haven’t viewed the invoice, it’s possible they missed it and you can follow-up to make sure they received it. The only way to manage projects, fixed assets or inventory in Wave is if you sign up and pay for an additional program that integrates with it.


The user interface and navigation tools are attractive, intuitive and easy to use. Once the invoice was finished, the next page let me finalize and send it. I approved it, which meant it was ready to go, and then I had the option to either send it or to skip sending it for now. Without customer service skills, I won’t have any clients who trust me enough to return. And without writing skills, I wouldn’t have a career in the first place. This website is using a security service to protect itself from online attacks.

  • It also offers good time-tracking capability with a built-in timer available.
  • If you are still using Wave plus a second tool to handle all your accounting, it might be time for an upgrade.
  • This can be annoying if you’re switching to FreshBooks from previous accounting software.
  • Both software programs have client portals, although Wave’s is extremely basic.
  • However, the major perk of Wave is that it doesn’t cost anything to use a number of its features.
  • We evaluated pricing based on how each plan compares with similar software packages as well as how many users are included in each plan and the extra costs incurred per additional user.
  • Integrates with more than 100 third-party apps; limited choices for direct payroll and point-of-sale integrations.

Quick descriptions of each tool’s payment options are outlined below. I just discovered your site and very impressed by your detailed reviews of cloud accounting apps. I’ve used Freshbooks and Xero in the past – but just discovered Wave on your site.

FreshBooks vs. Wave: Support

There are additional fees incurred for credit card processing, which are 2.9% plus 30 cents per transaction for most cards and 3.5% plus 30 cents per transaction for American Express. We compare FreshBooks and Wave head-to-head in our case study to help you make the right choice. We compare these two accounting solutions across 11 key categories, such as general features, accounts payable (A/P), accounts receivable (A/R), and banking and cash management. We’ve done in-depth research so that it’s easier for you to find out which program is suited better for your business.

Freshbooks Vs Wave Accounting