Running a small business means keeping track of money, sales, expenses, taxes, and payments. Doing this by hand is hard, which is why many business owners use accounting software. Two popular choices are FreshBooks vs Wave. Both help with invoices, expenses, and reports, but they work in different ways.
In this guide, we’ll compare FreshBooks vs Wave to see which one is better in 2026. We’ll also look at alternatives like QuickBooks vs FreshBooks vs Wave, WaveApps alternative, and other options so you can choose the right tool for your business.
What is FreshBooks?
FreshBooks is a paid accounting software built for freelancers, solo workers, and small businesses. It’s designed to make sending invoices, tracking time, and managing expenses easy, even if you don’t know much about accounting.
What is Wave?
Wave is free accounting software made for small businesses, freelancers, and new startups. It has many of the same features as FreshBooks but focuses on simplicity and keeping costs low.
Conclusion
When comparing FreshBooks vs Wave, both tools are excellent but serve different needs:
- FreshBooks is best if you want advanced features like time tracking, project management, and strong reporting.
- Wave is best if you want a free, simple, and easy-to-use accounting tool.
For many small businesses, the choice comes down to budget. If money is tight, go with Wave. If you can spend a little, FreshBooks will give you more tools to grow your business.
Frequently Asked Questions (FAQs)
1. What is the difference between FreshBooks and Wave?
FreshBooks has more features like time tracking and project management. Wave is free and great for small businesses that don’t need many extra features.
2. Is FreshBooks free?
FreshBooks gives you a 30-day free trial. After that, you need to pay to keep using it.
3. Is Wave free?
Yes, Wave is completely free for basic things like sending invoices and tracking expenses. You only pay for extra services like payroll.
4. Which is better for freelancers, FreshBooks vs Wave?
FreshBooks is better for freelancers who need more features like tracking time and managing projects. Wave is a good choice if you want something simple and free.
5. Does FreshBooks have a mobile app?
Yes, FreshBooks has a mobile app that lets you send invoices, track your time, and manage your expenses from your phone.
6. Does Wave have a mobile app?
Yes, Wave has a mobile app too, but it doesn’t have as many features as the FreshBooks app. You can still send invoices and track your expenses.
7. Which one is easier to use, FreshBooks or Wave?
Wave is easier to use because it’s simple and has fewer features. FreshBooks has more options, but it can take some time to learn.
8. Can I use FreshBooks for managing projects?
Yes! FreshBooks helps you manage projects, track tasks, and keep everything organized, which is great if you have a team.
9. Can I use Wave for payroll?
Yes, Wave offers payroll, but it costs extra and is only available in certain countries.
10. Which is cheaper, FreshBooks or Wave?
Wave is free for most things, so it’s cheaper. FreshBooks has a paid plan, but it offers extra features for businesses that need them.
