FreshBooks vs Wave
Side-by-side comparison of features, pricing, and integrations.
Quick Verdict
FreshBooks offers more features (46 vs 27) and more integrations (28 vs 2). Starting price: FreshBooks at $15/mo vs Wave at $19/mo. FreshBooks has 43 unique features while Wave has 24 unique features, with 3 features in common.
| FreshBooks | Wave | |
|---|---|---|
| Category | Accounting Software | Accounting Software |
| Total Features | 46 | 27 |
| AI-Powered Features | 4 | 1 |
| Starting Price | $15/mo | $19/mo |
| Pricing Tiers | 3 | 3 |
| Integrations | 28 | 2 |
| Shared Features | 3 | |
| Shared Integrations | 1 | |
| Data Quality | 73% | 60% |
Feature Comparison by Category
Analytics (1 vs 0)
| Feature | FreshBooks | Wave |
|---|---|---|
| AI Invoice Insights |
Automation (0 vs 3)
| Feature | FreshBooks | Wave |
|---|---|---|
| Auto-Merge and Categorize Transactions | ||
| Automated Late Payment Reminders | ||
| Reusable Message Templates |
Banking (1 vs 0)
| Feature | FreshBooks | Wave |
|---|---|---|
| Bank Connections |
Banking Integration (0 vs 1)
| Feature | FreshBooks | Wave |
|---|---|---|
| Auto-Import Bank Transactions |
Billing (15 vs 0)
| Feature | FreshBooks | Wave |
|---|---|---|
| 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 |
Bookkeeping (0 vs 1)
| Feature | FreshBooks | Wave |
|---|---|---|
| Income and Expense Tracking |
CRM (1 vs 0)
| Feature | FreshBooks | Wave |
|---|---|---|
| Client Management |
Client Management (2 vs 0)
| Feature | FreshBooks | Wave |
|---|---|---|
| Client Portal | ||
| Customer Portal |
Collaboration (1 vs 1)
| Feature | FreshBooks | Wave |
|---|---|---|
| Multi-User Access | ||
| Team Members |
Customization (0 vs 2)
| Feature | FreshBooks | Wave |
|---|---|---|
| Brand Customization | ||
| Remove Wave Branding |
Data Management (2 vs 0)
| Feature | FreshBooks | Wave |
|---|---|---|
| Automatic Backup | ||
| Data Export |
Email (1 vs 0)
| Feature | FreshBooks | Wave |
|---|---|---|
| Email Receipt |
Expense Management (6 vs 1)
| Feature | FreshBooks | Wave |
|---|---|---|
| Billable Expenses | ||
| Expense Automation | ||
| Expense Categories | ||
| Expense Receipt Scanning | ||
| Expense Tracking | ||
| Mileage Tracking | ||
| Receipt Digitization |
Financial Management (0 vs 1)
| Feature | FreshBooks | Wave |
|---|---|---|
| Cash Flow Management |
Integration (0 vs 1)
| Feature | FreshBooks | Wave |
|---|---|---|
| Third-Party Integrations |
Invoicing (0 vs 3)
| Feature | FreshBooks | Wave |
|---|---|---|
| Invoice Attachments | ||
| Recurring Invoices | ||
| Unlimited Invoices and Estimates |
Mobile (0 vs 1)
| Feature | FreshBooks | Wave |
|---|---|---|
| Mobile App |
Mobility (1 vs 0)
| Feature | FreshBooks | Wave |
|---|---|---|
| Mobile App |
Notifications (1 vs 0)
| Feature | FreshBooks | Wave |
|---|---|---|
| Smart Notifications |
Onboarding (0 vs 1)
| Feature | FreshBooks | Wave |
|---|---|---|
| Accounting Software Onboarding |
Payments (1 vs 1)
| Feature | FreshBooks | Wave |
|---|---|---|
| Online Payments |
Payroll (0 vs 1)
| Feature | FreshBooks | Wave |
|---|---|---|
| Payroll Management |
Project Management (3 vs 0)
| Feature | FreshBooks | Wave |
|---|---|---|
| Budget Management | ||
| Project Management | ||
| Project-Based Budgeting |
Reporting (4 vs 3)
| Feature | FreshBooks | Wave |
|---|---|---|
| Customizable Reports | ||
| Dashboard Insights | ||
| Financial Reporting | ||
| Financial Reports | ||
| Monthly Financial Statements | ||
| Profit & Loss Dashboard | ||
| Tax Reports |
Sales (1 vs 0)
| Feature | FreshBooks | Wave |
|---|---|---|
| Proposal Creation |
Security (2 vs 0)
| Feature | FreshBooks | Wave |
|---|---|---|
| Role-Based Access Control | ||
| Two-Factor Authentication |
Services (0 vs 1)
| Feature | FreshBooks | Wave |
|---|---|---|
| Dedicated Bookkeeper |
Support (0 vs 2)
| Feature | FreshBooks | Wave |
|---|---|---|
| Expert Tax Support | ||
| Live Chat and Email Support |
Support & Services (0 vs 2)
| Feature | FreshBooks | Wave |
|---|---|---|
| Accounting Coaching | ||
| Wave Advisors |
Tax Management (0 vs 1)
| Feature | FreshBooks | Wave |
|---|---|---|
| Tax Time Preparation |
Time Management (2 vs 0)
| Feature | FreshBooks | Wave |
|---|---|---|
| Overtime Tracking | ||
| Time Tracking |
Vendor Management (1 vs 0)
| Feature | FreshBooks | Wave |
|---|---|---|
| Vendor Management |
Unique Features
Only in FreshBooks (43)
AI Invoice Insights
Bank Connections
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
Retainer Billing
Client Portal
Customer Portal
Team Members
Client Management
+ 23 more unique features
Only in Wave (24)
Auto-Merge and Categorize Transactions
Automated Late Payment Reminders
Reusable Message Templates
Auto-Import Bank Transactions
Income and Expense Tracking
Multi-User Access
Brand Customization
Remove Wave Branding
Receipt Digitization
Cash Flow Management
Third-Party Integrations
Invoice Attachments
Unlimited Invoices and Estimates
Accounting Software Onboarding
Payroll Management
Dashboard Insights
Financial Reporting
Monthly Financial Statements
Dedicated Bookkeeper
Expert Tax Support
+ 4 more unique features
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