Jake Tech Lab

FreshBooks vs Wave

Wave comes out ahead of FreshBooks on 3 of the 6 things that decide this, going by what each company publishes and what independent review sites report. The one that matters for you may be one the leader loses.

FreshBooks
FreshBooks
6.4
Fair
1 of 6 rounds
vs
WaveWinner
Wave
7.0
Good
3 of 6 rounds

The verdict

Wave takes it, 3–1 on rounds.

On the published figures and the independent review sites, Wave takes 3 of 6 rounds. Treat that as a starting point and check the current figures on both pages, because prices and plans move.

Choose FreshBooks if…

  • • You want FreshBooks's edge on what customers say on trustpilot

Choose Wave if…

  • • You want Wave's edge on what it costs to start and trying it before you pay

Round by round

  1. Round 1What it costs to startWave wins
    FreshBooks5/10

    $23

    Lite plan, per month at list price (billing limited to 5 clients)

    • $23, against $19

    Source: freshbooks.com ↗

    Wave8/10

    $19

    Pro plan, per month (the core accounting plan is free)

    Source: waveapps.com ↗

    Wave wins this round on what the company itself publishes.

  2. Round 2Trying it before you payWave wins
    FreshBooks5/10

    30-day free trial

    a free trial on every plan

    • 30-day free trial, against Free Starter plan

    Source: freshbooks.com ↗

    Wave8/10

    Free Starter plan

    unlimited invoices, bills and bookkeeping records at $0

    Source: waveapps.com ↗

    Wave wins this round on what the company itself publishes.

  3. Round 3Who runs your payrollWave wins
    FreshBooks5/10

    Built in, powered by Gusto

    embedded payroll run by a partner

    • Built in, powered by Gusto, against Own payroll subscription

    Source: freshbooks.com ↗

    Wave8/10

    Own payroll subscription

    payroll is Wave's own monthly subscription

    Source: waveapps.com ↗

    Wave wins this round on what the company itself publishes.

  4. Round 4What customers say on TrustpilotFreshBooks wins
    FreshBooks8/10

    3.7 out of 5

    TrustScore from 1,045 reviews on Trustpilot

    Source: trustpilot.com ↗

    Wave5/10

    3.2 out of 5

    TrustScore from 550 reviews on Trustpilot

    • 3.2 out of 5, against 3.7 out of 5

    Source: trustpilot.com ↗

    FreshBooks wins this round on independent review-site data, not on its own claims.

  5. Round 5How many invoices you can sendTie
    FreshBooks7/10

    Unlimited invoices

    Lite

    Source: freshbooks.com ↗

    Wave7/10

    Unlimited invoices

    Pro

    Source: waveapps.com ↗

    Nothing to separate them here.

  6. Round 6Linking your bank accountTie
    FreshBooks7/10

    Automated bank import

    Lite

    Source: freshbooks.com ↗

    Wave7/10

    Auto-imports bank transactions

    Pro

    Source: waveapps.com ↗

    Nothing to separate them here.

FreshBooksFreshBooks

Side by side

FreshBooksBest for who picks up when you are stuckFreshBooks
WaveBest for trying it before you payWave
Overall score
6.4
7.0
Best
Price
See price
See price
What it costs to start
6.7
7.3
Trying it before you pay
6.3
7.7
Who picks up when you are stuck
7.6
—
Who runs your payroll
5.7
7.5
How many people can log in
5.4
—
Head-to-head findings
What it costs to start
$23
$19
Trying it before you pay
30-day free trial
Free Starter plan
Who picks up when you are stuck
Phone and email support
—
Who runs your payroll
Built in, powered by Gusto
Own payroll subscription
How many people can log in
Just you; team members $11 each
—
What customers say on Trustpilot
3.7 out of 5
3.2 out of 5
Tracking stock
—
—
Tracking billable time
Unlimited time tracking
—
Record
Head-to-head record
3–3–1
4–1–1
Head-to-heads won
50 %
80 %
Rounds won
32 %
38 %
Pros
      Cons
      • Built in, powered by Gusto, against Own payroll product
      • Receipt scanning is Plus+, against Receipt capture included
      • Just you; team members $11 each, against Unlimited users
      • 3.7 out of 5, against 4.1 out of 5
      • 3.2 out of 5, against 3.7 out of 5
      • 3.2 out of 5, against 4.1 out of 5
      • 3.2 out of 5, against 3.9 out of 5
      • 3.2 out of 5, against 4.0 out of 5
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