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FreshBooks vs Wave which is better? (2024 compared)

Today we'll be comparing FreshBooks vs Wave , to ultimately help you decide which is the best solution for you. The information below is based on real data from our community of users like you, giving you a truly unbiased comparison. In the collection " Best Accounting Software For Small Business (2024 Compared)" Wave is ranked 3rd while FreshBooks is ranked 5th.

FreshBooks dominates with an overall user/editors rating of 3.3/5 stars with 3 reviews and Wave user/editors rating is 3.3/5 stars with 1 reviews. This data is calculated in real-time from verified user reviews or editors rating if there isn't enough data for user rating.

If for whatever reason by the end of this comparison you are unable to choose between FreshBooks or Wave, we have included a few useful alternatives like Zoho Books based on our community recommendations.

As far as Value for money goes, Wave wins by 4.5 marks but FreshBooks is also voted as the easiest solution to use

Without further ado, let's look at a detailed breakdown of FreshBooks vs Wave
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Pros & Cons


Why is FreshBooks better than Wave?

FindrScore (fs) The Scoring is based on our unique algorithm that looks at reviews, votes, behavior, social signals and more. Learn more
+54

7 Reasons to consider this

  • Free Trial is offered to perform testing
  • Great features list
  • When it comes to Recurring billing FreshBooks has been rated 100% above Wave
  • A contender in Accounting Software For Small Businesses
  • Has 23 highlight features
  • Has Timesheet management
  • Has Time tracking
  • Has Online invoicing
  • Best for Customer support
  • Best for Ease of use
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Why is Wave better than FreshBooks?

FindrScore (fs) The Scoring is based on our unique algorithm that looks at reviews, votes, behavior, social signals and more. Learn more
+86

9 Reasons to consider this

  • Wave is cheaper than FreshBooks
  • Compared to others the price is reasonable
  • Offers free plan with multiple advanced features
  • When it comes to Expense tracking Wave has been rated 100% above FreshBooks
  • Category leader in Accounting Software For Small Businesses
  • Has 15 highlight features
  • Has Recurring billing
  • Has Profit & Loss
  • Has Online invoicing
  • Best for Customer support
  • Best for Ease of use
  • Best for Low cost software
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Overview


FreshBooks FreshBooks
(3 votes)

N/A/5

G2
+

N/A/5

Capterra
+

N/A/5

Trustpilot

FreshBooks began as a basement start-up in January 2003 with four employees Over the years, the company moved into several offices and now employs a solid team of 200+ professionals It has more than... Read full review
Visit Website
Wave Wave
(1 vote)

N/A/5

G2
+

N/A/5

Capterra
+

N/A/5

Trustpilot

Wave is one of the leading free small business accounting solutions It offers an excellent collection of features which makes it ideal for small business up to 10 members Freelancers, consultants,... Read full review
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Comparison winner
FreshBooks

52 FS
Wave

64 FS
Reviews
Starting Price $15/Month
Value for money 6.6/10 9/10
Quality of features score 6.6/10 7/10
Usability and Intuitiveness 6/10 6/10
Vendor Support 6.6/10 4/10
Likelihood of recommending
The reason for leaving
Online invoicing
Unrated
Unrated
Apply discounts to invoices
Unrated
Unrated
Electronic payments
Unrated
Unrated
Recurring billing
100%
Unrated
Expense tracking
Unrated
10%
Accounting reports & taxes
Unrated
Unrated
Automatic expense import
Unrated
Unrated
Multi-currency
Unrated
Unrated
Data import
Unrated
Unrated
Profit & Loss
Unrated
Unrated

Ratings

When evaluating weather to go with FreshBooks or Wave which two criteria is most important to you.

Please select from the following and

Wave offers the best value for money but has a steeper learning curve than FreshBooks — deciding between the two is a question of tradeoffs.




Standout Features

1. Timesheet management

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    • 2. Customized invoices

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    • 3. Online invoicing

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    4. Expense tracking

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    5. Time tracking

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    • 6. Reminders & late fees

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    • 7. Recurring billing

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    8. Profit & Loss

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    9. Multi-currency

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    10. Late payment reminders

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    • 11. Electronic payments

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    12. Data import

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    13. Credit card processing

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    14. Cash Flow Statement

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    15. Automatic tax calculations

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    16. Automatic expense import

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    17. Apply discounts to invoices

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    18. Accounting reports & taxes

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    19. Account Reconciliation

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    20. API

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    • 21. Request deposits

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    22. Mobile apps

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    • 23. File sharing

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    • 24. Automated expense input

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  • Wave

    • 25. Attach receipts (PDF or Image)

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  • Wave

    • We have ordered the list of features above by what users are telling us is more important to them. Technology is fast-moving so we always suggest that you check FreshBooks and Wave details page for any changes not mentioned here. Looking at the top 3 features Look at Timesheet management both FreshBooks and Wave scores below the industry.



    Your trust and accuracy is our top concern, we do our best to keep all information up to date and rely on your feedback along with the product creator to ensure the information you see today is accurate, That being said if you have ever used either FreshBooks or Wave spare 5 seconds of your time to help spot check the information below. Learn more.

    Does FreshBooks offer Cash Flow Statement feature?
    Does Wave offer Time tracking feature?

    SoftwareFindr Radar

    The SoftwareFindr Radar compares all solutions on our platform in your chosen category and tries to segment them to give you a visual representation of the market. All the solutions are compared two-dimensionally which takes into account their FindrScore which is given based on numerous data points and research frequency. The average FindrScore for products like FreshBooks is 0 which we've used as a threshold to only show the top 10 solutions.

    The SoftwareFindr Radar compares all solutions on our platform in your chosen category and tries to segment them to give you a visual representation of the market. All the solutions are compared two-dimensionally which takes into account their FindrScore which is given based on numerous data points and research frequency. The average FindrScore for products like FreshBooks is 52 which we've used as a threshold to only show the top 10 solutions.

    There is an old notion that higher price equals better quality, whilst that is sometimes the case. The chart above aims to give clarity whether there is a correlation between Price and the FindrScore.

    Pricing


    '; Pricing Model Open Source 0 % Subscription57% '; Freemium14% '; One-time License29% Promotional Offers 50% Free Trials 63%
    $ 123.5

    That is the average price for a solution in this field.

    low Mid High
    After analyzing 4 similar solutions the data above show that Wave offers the lowest starting price while FreeAgent offers the highest entry price.That being said is also worthtaking a closer look at what's on offer because sometimes you may get way more value for a solution with a higher entry price and vise versa.

    Adoption By Geography

    According to our data gathered on our platform FreshBooks is more popular in following countries- India

    According to our data gathered on our platform Wave is more popular in following countries - United States

    In order to give you more personalized recommendations, we tailor the ranking of a product to reflect what users are currently using in your geographical area.


    Type of Support to Expect


    • Mail
    • Phone
    66%

    Continue to seek out vendors after Good Experience
    40%

    Continue to seek out vendors after Good Experience
    • Forum

    Looking at data gathered on our platform the industry average for this category is 39.5% satisfaction rate which means both FreshBooks and Wave is above this category average

    Video Review


      Ranked in these collections


      After analyzing the data on our platform, it's clear that whenever FreshBooks and Wave go head to head within the same category Wave has continued to be more popular over FreshBooks. This ranking data gives you a better understanding of how these solutions stack up in various use cases.

      Average FindrScore in this Category

      1. 0%
        Lowest score
      2. 39%
        Average score
      5. ';
        78%
        Highest score


      FreshBooks FreshBooks
      Wave Wave

      Behind the scenes


      Hmm,sorry no one has uploaded a screenshot of the user interface yet.

      Hmm,sorry no one has uploaded a screenshot of the user interface yet.

      Which Should You Choose

      It's a win for Wave ! Wave offers Forum which users are happy with. Looking at the data gathered on our platform Wave has a higher FindrScore of 64 which indicates that it could be a better fit over FreshBooks However, you get a lot more functionality and flexibility with FreshBooks which you may need to take into consideration. Hopefully, you now have a clear picture of FreshBooks and Wave pricing, features and user-experience provided these solutions. Both have pros and cons and which you choose will depend on your integration needs, pricing and more. Whichever solution you go with, please come back and leave a review for that product so others can benefit from your experience.

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    Frequently Asked Questions

    Q. Is FreshBooks better than Wave?

    Ans. We have analyzed 2234 data points to answer this question, in 2024 FreshBooks is better than Wave. the scoring 86 whilst Wave scored 54

    Q. For beginners which is better FreshBooks or Wave?

    Ans. We ask this very question to our readers and the results are in, Wave scored better that FreshBooks by 0 points crowing it the most user friendly.

    Q. What's the price difference between FreshBooks and Wave?

    Ans. The solutions are priced slightly different so calculating the price would need to be over a set period. FreshBooks is subscription whilst Wave is freemium,

    Q. What is the difference between FreshBooks and Wave?

    Ans. The main difference beyond price and support, is FreshBooks has an overall higher FindrScore which looks at over 2234 data points powered by real user testing and overall satisfaction.

    Q. Out of FreshBooks and Wave which as the better support?

    Ans. The data gathered shows that FreshBooks as a slightly better user satisfaction that Wave.

    Q. What are a few good alternatives to FreshBooks and Wave?

    Ans. Users who research FreshBooks and Wave also look at Zoho Books which as a FindrCsore of 88, See 4 more similar solutions

    Q. FreshBooks or Wave which is good for beginners?

    Ans. Looking at the scorecard for both these products, the results show that Wave is better for beginners

    Q. Which is better, FreshBooks or Wave in 2024?

    Ans. We’ve asked this very question to users like you and the results are in. The majority of users are recommending FreshBooks.

    Q. How does FreshBooks compare to Wave?

    Ans. The main difference beyond price and support, is FreshBooks has an overall higher FindrScore which looks at over 2234 data points powered by real user testing and overall satisfaction

    Other Alternatives to consider


    See More

    So FreshBooks and Wave isn't cutting it for you? Here are a few alternatives with similar features that users on our platform also looked at. For a more in-depth breakdown, we always recommend checking out the dedicated alternative page which gives more data on why which solution is recommended. If the price is a big factor to you, the Wave might be worth looking at. For an all-round great solution, then FreeAgent as the highest FindrScore.



    Zoho Books

    Zoho Books

    (1 vote)
    61/100
    QuickBooks

    QuickBooks

    (1 vote)
    137/100
    FreeAgent

    FreeAgent

    (1 vote)
    214/100
    Wave

    Wave

    (1 vote)
    279/100
    See More Alternatives

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