FreshBooks vs Wave which is better? (2021 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 (2021 Compared)" Wave is ranked 4th 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

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

8 Reasons to consider this

  • Wave is cheaper than FreshBooks
  • Compared to others the price is reasonable
  • Offers free plan with multiple advanced features
  • A contender 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

Visit Website
Comparison winner

52 FS


58 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

Unrated
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.

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. Online invoicing

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  • Wave
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    2. Expense tracking

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  • Wave
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    3. Timesheet management

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  • Wave
  • 4. Time tracking

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  • Wave
  • 5. Reminders & late fees

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  • Wave
  • 6. Recurring billing

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  • Wave
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    7. Profit & Loss

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  • Wave
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    8. Multi-currency

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    9. Late payment reminders

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  • Wave
  • 10. Electronic payments

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  • Wave
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    11. Data import

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  • Wave
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    12. Customized invoices

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  • Wave
  • 13. Credit card processing

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  • Wave
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    14. Cash Flow Statement

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  • Wave
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    15. Automatic tax calculations

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  • Wave
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    16. Automatic expense import

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  • Wave
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    17. Apply discounts to invoices

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  • Wave
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    18. Accounting reports & taxes

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  • Wave
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    19. Account Reconciliation

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    20. API

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  • Wave
  • 21. Request deposits

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  • Wave
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    22. Mobile apps

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  • Wave
  • 23. File sharing

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  • Wave
  • 24. Automated expense input

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  • Wave
  • 25. Attach receipts (PDF or Image)

  • FreshBooks
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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 Expense tracking 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


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