freshbooks vs wave: Which Is Better? [Comparison]
FreshBooks is a cloud-based accounting software designed primarily for small businesses and freelancers. Its main purpose is to simplify invoicing, expense tracking, and time management.
Quick Comparison
| Feature | freshbooks | wave |
|---|---|---|
| Pricing | Subscription-based, tiered plans | Free with optional paid features |
| Invoicing | Customizable invoices, recurring billing | Basic invoicing, limited customization |
| Expense Tracking | Advanced tracking with receipt scanning | Simple expense tracking |
| Time Tracking | Integrated time tracking | No built-in time tracking |
| Payment Processing | Integrated payment options | Payment processing fees apply |
| Customer Support | Email and chat support | Email support only |
| Mobile App | iOS and Android apps available | iOS and Android apps available |
What is freshbooks?
FreshBooks is a cloud-based accounting software designed primarily for small businesses and freelancers. Its main purpose is to simplify invoicing, expense tracking, and time management.
What is wave?
Wave is a free accounting software that provides tools for invoicing, accounting, and receipt scanning. It is aimed at small businesses and freelancers looking for basic financial management solutions.
Key Differences
- FreshBooks offers a subscription-based model, while Wave is primarily free with optional paid features.
- FreshBooks includes advanced invoicing options, whereas Wave provides basic invoicing capabilities.
- FreshBooks has integrated time tracking, while Wave does not include this feature.
- Customer support for FreshBooks includes email and chat, while Wave offers email support only.
- FreshBooks allows for more extensive customization of invoices compared to Wave.
Which Should You Choose?
- Choose FreshBooks if you need advanced invoicing features, integrated time tracking, or require responsive customer support.
- Choose Wave if you are looking for a free solution, have basic invoicing needs, or do not require time tracking capabilities.
Frequently Asked Questions
Is FreshBooks suitable for very small businesses?
Yes, FreshBooks is designed for small businesses and freelancers, making it suitable for very small operations.
Can I use Wave for payroll?
Wave does not include payroll features in its free version, but it offers payroll services as a paid add-on.
Are there any transaction fees with FreshBooks?
FreshBooks may charge transaction fees for payment processing, depending on the payment method used.
Is Wave really free?
Wave is free to use for its core features, but there are fees for payment processing and optional add-ons.
Conclusion
FreshBooks and Wave both serve small businesses and freelancers but differ in pricing models, features, and support options. The choice between them depends on specific business needs and preferences regarding functionality and budget.