FreshBooks vs Wave Accounting
Side-by-side comparison of features, pricing, and integrations.
Quick Verdict
FreshBooks offers fewer features (46 vs 47) and fewer integrations (28 vs 30). Starting price: FreshBooks at $15/mo vs Wave Accounting at Free. FreshBooks has 31 unique features while Wave Accounting has 32 unique features, with 15 features in common.
| FreshBooks | Wave Accounting | |
|---|---|---|
| Category | Accounting Software | Accounting Software |
| Total Features | 46 | 47 |
| AI-Powered Features | 4 | 6 |
| Starting Price | $15/mo | Free |
| Pricing Tiers | 3 | 3 |
| Integrations | 28 | 30 |
| Shared Features | 15 | |
| Shared Integrations | 16 | |
| Data Quality | 73% | 73% |
Feature Comparison by Category
Account Management (0 vs 1)
| Feature | FreshBooks | Wave Accounting |
|---|---|---|
| Multi-Account Support |
Analytics (1 vs 2)
| Feature | FreshBooks | Wave Accounting |
|---|---|---|
| AI Invoice Insights | ||
| Competitor Analysis | ||
| Financial Insights |
Bank Management (0 vs 1)
| Feature | FreshBooks | Wave Accounting |
|---|---|---|
| Reconciliation Tools |
Banking (1 vs 0)
| Feature | FreshBooks | Wave Accounting |
|---|---|---|
| Bank Connections |
Banking Integration (0 vs 1)
| Feature | FreshBooks | Wave Accounting |
|---|---|---|
| Bank Connections |
Billing (15 vs 0)
| Feature | FreshBooks | Wave Accounting |
|---|---|---|
| Automated Reminders | ||
| Automatic Invoice Numbering | ||
| Bulk Invoice Actions | ||
| Estimate Management | ||
| Invoice Payment Tracking | ||
| Invoice Reminders | ||
| Invoice Scheduling | ||
| Invoice Status Tracking | ||
| Invoice Templates | ||
| Invoice Templates Library | ||
| Invoicing | ||
| Late Payment Tracking | ||
| Multi-Currency Support | ||
| Recurring Invoices | ||
| Retainer Billing |
CRM (1 vs 0)
| Feature | FreshBooks | Wave Accounting |
|---|---|---|
| Client Management |
Client Management (2 vs 0)
| Feature | FreshBooks | Wave Accounting |
|---|---|---|
| Client Portal | ||
| Customer Portal |
Collaboration (1 vs 2)
| Feature | FreshBooks | Wave Accounting |
|---|---|---|
| Client Collaboration | ||
| Invoicing for Teams | ||
| Team Members |
Collections (0 vs 1)
| Feature | FreshBooks | Wave Accounting |
|---|---|---|
| Invoice Reminders |
Customer Management (0 vs 1)
| Feature | FreshBooks | Wave Accounting |
|---|---|---|
| Customer Portal |
Data Management (2 vs 1)
| Feature | FreshBooks | Wave Accounting |
|---|---|---|
| Automatic Backup | ||
| Data Backup | ||
| Data Export |
Data Quality (0 vs 1)
| Feature | FreshBooks | Wave Accounting |
|---|---|---|
| Duplicate Detection |
Email (1 vs 0)
| Feature | FreshBooks | Wave Accounting |
|---|---|---|
| Email Receipt |
Expense Management (6 vs 8)
| Feature | FreshBooks | Wave Accounting |
|---|---|---|
| Automated Bank Categorization | ||
| Billable Expenses | ||
| Expense Automation | ||
| Expense Categories | ||
| Expense Policies | ||
| Expense Receipt Scanning | ||
| Expense Reimbursement | ||
| Expense Tracking | ||
| Mileage Tracking | ||
| Receipt Scanning | ||
| Vendor Management |
Financial Planning (0 vs 2)
| Feature | FreshBooks | Wave Accounting |
|---|---|---|
| Budget Planning | ||
| Cash Flow Forecasting |
Income Management (0 vs 1)
| Feature | FreshBooks | Wave Accounting |
|---|---|---|
| Income Tracking |
Integration (0 vs 1)
| Feature | FreshBooks | Wave Accounting |
|---|---|---|
| API Access |
International (0 vs 1)
| Feature | FreshBooks | Wave Accounting |
|---|---|---|
| Multi-Currency Support |
Inventory (0 vs 1)
| Feature | FreshBooks | Wave Accounting |
|---|---|---|
| Inventory Management |
Invoicing (0 vs 9)
| Feature | FreshBooks | Wave Accounting |
|---|---|---|
| Batch Invoice Processing | ||
| Billable Hours Invoicing | ||
| Estimate Builder | ||
| Invoice Creation | ||
| Invoice Customization | ||
| Invoice Scheduling | ||
| Invoice Templates | ||
| Invoicing Automations | ||
| Recurring Invoices |
Mobile (0 vs 1)
| Feature | FreshBooks | Wave Accounting |
|---|---|---|
| Mobile App |
Mobility (1 vs 0)
| Feature | FreshBooks | Wave Accounting |
|---|---|---|
| Mobile App |
Notifications (1 vs 0)
| Feature | FreshBooks | Wave Accounting |
|---|---|---|
| Smart Notifications |
Payments (1 vs 1)
| Feature | FreshBooks | Wave Accounting |
|---|---|---|
| Online Payments | ||
| Payment Processing |
Payroll (0 vs 1)
| Feature | FreshBooks | Wave Accounting |
|---|---|---|
| Payroll Processing |
Project Management (3 vs 1)
| Feature | FreshBooks | Wave Accounting |
|---|---|---|
| Budget Management | ||
| Project Management | ||
| Project Tracking | ||
| Project-Based Budgeting |
Reporting (4 vs 2)
| Feature | FreshBooks | Wave Accounting |
|---|---|---|
| Custom Reports | ||
| Customizable Reports | ||
| Financial Reports | ||
| Profit & Loss Dashboard | ||
| Tax Reports |
Sales (1 vs 0)
| Feature | FreshBooks | Wave Accounting |
|---|---|---|
| Proposal Creation |
Security (2 vs 3)
| Feature | FreshBooks | Wave Accounting |
|---|---|---|
| Audit Trail | ||
| Role-Based Access Control | ||
| Two-Factor Authentication | ||
| User Permissions |
Tax Management (0 vs 3)
| Feature | FreshBooks | Wave Accounting |
|---|---|---|
| Sales Tax Management | ||
| Tax Estimates | ||
| Tax Form Exports |
Time Management (2 vs 0)
| Feature | FreshBooks | Wave Accounting |
|---|---|---|
| Overtime Tracking | ||
| Time Tracking |
Time Tracking (0 vs 1)
| Feature | FreshBooks | Wave Accounting |
|---|---|---|
| Time Tracking |
Vendor Management (1 vs 0)
| Feature | FreshBooks | Wave Accounting |
|---|---|---|
| Vendor Management |
Unique Features
Only in FreshBooks (31)
AI Invoice Insights
Automated Reminders
Automatic Invoice Numbering
Bulk Invoice Actions
Estimate Management
Invoice Payment Tracking
Invoice Status Tracking
Invoice Templates Library
Invoicing
Late Payment Tracking
Retainer Billing
Client Portal
Team Members
Client Management
Automatic Backup
Data Export
Email Receipt
Billable Expenses
Expense Automation
Expense Receipt Scanning
+ 11 more unique features
Only in Wave Accounting (32)
Multi-Account Support
Competitor Analysis
Financial Insights
Reconciliation Tools
Client Collaboration
Invoicing for Teams
Data Backup
Duplicate Detection
Automated Bank Categorization
Expense Policies
Expense Reimbursement
Receipt Scanning
Budget Planning
Cash Flow Forecasting
Income Tracking
API Access
Inventory Management
Batch Invoice Processing
Billable Hours Invoicing
Estimate Builder
+ 12 more unique features
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