Check out our table of the best accounting services for more, and read on for a few select competitors worth considering. While Wave has a single, free plan, FreshBooks offers no free plans, but it has a 30-day free trial available for its four paid plans, which are Lite, Plus, Premium, and Select. Unlike Wave, all of FreshBooks’ plans have a strict user limit of one, except Select, which ups this limit to two users. Wave users needing assistance with their books can free cash flow from ebitda seek help from Wave Advisors.
Wave accounting vs FreshBooks mobile apps
Wave’s Starter and Pro Plans are affordable and easy-to-use ways to set up invoicing and accounting solutions for your business. With FreshBooks Payments your business can start accepting credit card payments online right away, in just a few clicks. Switching from Wave, spreadsheets or a different accounting software?
Even after initial setup, the software must also let users modify information like company name, address, entity type, fiscal year-end, and other company information. Its assisted bookkeeping options and features are covered in detail. Just like FreshBooks, the Wave dashboard is easy to navigate, with uncluttered menu items and visible buttons to help you find what you need easily.
Still, you’re able to send payments with credit cards and bank transfers and track unlimited expenses, some of the key tools freelancers need. This plan also allows you to easily keep track of payroll through a Gusto Payments integration. FreshBooks includes many capabilities that make it a great accounting and invoicing software for freelancers, solopreneurs and small business owners. It allows you to easily put an invoice together and accept payment through credit and debit cards, ACH transfers, Stripe and PayPal.
- FreshBooks is best for users needing a simple platform that they can use without a huge learning curve.
- Overall, FreshBooks is easier to use but limits the number of billable clients to five.
- The software makes it easy to stay organized, keep track of payments owed and expenses made, send invoices and accept payments.
- Email responses are prompt, and you can also chat with live specialists to address any questions or concerns.
- The software also lets you connect your bank account or credit card, importing transactions automatically and categorizing them into tax-friendly groups.
Wave Accounting pros and cons
If you would like to check out the program first, FreshBooks currently offers a free 30-day trial with no credit card required. Three of FreshBooks’ four plans include access for just one user in the base cost. See how FreshBooks makes bookkeeping easy to use for business owners—even if you have no prior experience with accounting software. FreshBooks offers you time tracking, expense tracking, payments, reports and so much more.
FreshBooks vs Wave: Features & Comparison in 2024
And while Wave Payroll is perfectly serviceable, that’s about all it is. The software includes only basic payroll features like paycheck calculation, direct deposit, access to one payroll report and end-of-year W-2 form generation. FreshBooks, in contrast, has an excellent time-tracking feature built into every plan.
FreshBooks is known for its intuitive interface that’s easy to navigate. If you’re looking for a simple solution to organize your business accounting in one system, it won’t take long to get started with the basics and send your first invoice. With the Lite plan, you’re able to send unlimited invoices to up to five billable clients. That number jumps to 50 billable clients with the Plus plan and then an unlimited number for the Premium plan.
FreshBooks is a great option for freelancers, small business owners and anyone who needs to send invoices and accept payment as part of a business. On the other hand, if you’re a larger team or want more customization options or more than one person on the account, it may be worth considering another option such as QuickBooks. This takes into account customer management, revenue recognition, invoice management, and collections. To compare Wave Accounting vs. FreshBooks, we created free accounts with both services so we could test each tool’s user-friendliness, features, and mobile apps. Wave Accounting is an entirely free option for small business owners. This means you don’t need a 30-day trial like FreshBooks offers.
