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