FreshBooks vs Wave: which one fits your business?
Side-by-side comparison of FreshBooks and Wave — fees, features, ease, support, and which one fits your business. Scored on the same rubric.
Short answer: it's a tie on our scorecard — pick on fit, not score.
| Scored on | FreshBooks | Wave |
|---|---|---|
| Right fit for small biz | 8 | 8 |
| Ease of use | 9 | 9 |
| Fees & pricing | 7 | 9 |
| Customer support | 7 | 5 |
| Features | 8 | 7 |
| Lite Plan (Monthly) | $19.00 | — |
| Plus Plan (Monthly) | $33.00 | — |
| Premium Plan (Monthly) | $60.00 | — |
| Additional Team Member | $11/mo | — |
| Starter Plan | — | $0/mo |
| Pro Plan | — | $16/mo |
| CC Processing (Visa/MC) | — | 2.9% + $0.60 |
| CC Processing (Amex) | — | 3.4% + $0.60 |
| ACH Processing | — | 1% ($1 min) |
| Payroll (Tax Service) | — | $40 + $6/employee |
FreshBooks in one paragraph
FreshBooks is the best-in-class choice for service-based owners who value their time over a low monthly bill.
Skip it if: You have a high volume of low-paying clients that would trigger the expensive Premium tier caps.
Wave in one paragraph
Wave remains the gold standard for free invoicing and simple bookkeeping for solo service providers, provided you don't mind limited support.
Skip it if: Skip it if you sell physical inventory or plan to scale to a 10+ person team within the next year.
Frequently asked questions
Who should skip FreshBooks?
You have a high volume of low-paying clients that would trigger the expensive Premium tier caps.
Who should skip Wave?
Skip it if you sell physical inventory or plan to scale to a 10+ person team within the next year.