Wave Accounting vs FreshBooks: Which is Better?

Wave Accounting Vs FreshBooks

Welcome to Startup Savant’s quick comparative analysis of the Wave Accounting vs FreshBooks question. By looking at their commonalities, differences, service packages and pricing we hope to help you determine which accounting software (or if either) is right for you business. Enjoy!

What Wave Accounting & FreshBooks Have In Common

What Sets Them Apart

  • Invoicing, basic accounting and receipt scanning apps are free (more on this momentarily).
  • Can help you find clients if you’re an accountant or find an accountant for you if need one.
  • Has premium tools which you add to improve your existing free account as needed.
  • Even easier and more efficient billing if you can believe that – comes in handy with lots of contracts.
  • Payment history allowing you and your clients to view your transactions.
  • Request copies of expense or financial reports and FreshBooks will mail them to your doorstep.
  • Allows you to create and customize any type of invoice with fully developed features.
  • FreshBooks has significantly better customer support according to most reviews/testimonials out there.

Pricing: Wave Accounting vs Freshbooks

WAVE ACCOUNTING STARTS AT $0

Wave Accounting offers their accounting services for free – no hidden charges or fees whatsoever. Some of the free perks that you can get includes accounting and reports, creating and sending invoices, receipt scanning, personal finance tracking, and email support. See for yourself how it works.

Costs come into the picture if/when you need to process credit cards, implement payroll and take advantage of premium (phone/online chat) support. They’ve monetized their platform through advertising to substantially lower costs for their users and so far it’s working rather well.

For an in depth look at the features you get with Wave Accounting, check out our comprehensive review.

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FRESHBOOKS STARTS AT $8.96

FreshBooks on the other hand goes about things in a neat and easy to understand way: Sprout is for your average freelancer or independent professional, while Seedling and Evergreen (the most popular because of price + features) are for typical startups. The Mighty Oak plan is great for more established operations with up to 5 staff. Though it also delivers things like tax filing assistance which are great for just about any business.

Together with these, each plan has built-in features which includes the following:

  • Invoicing
  • Security & Backup
  • Great Customer Support
  • Third Party App Integration
  • Free Automatic Updates

For an in depth look at the features you get with Freshbooks, check out our comprehensive review.

Which Should You Choose?

While we believe FreshBooks is the clear winner of the two, Wave’s free apps are also popular for a growing body of startups out there for obvious reasons. What’s important is you find the right software that helps you really leverage the power and potential in your financials.

Try FreshBooks for $8.96