Compare FreshBooks and Wave Apps - Aug 2022

Shlomi Lavi

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Bottom Line: Which is Better - FreshBooks or Wave Apps?

Wave Apps is more expensive to implement (TCO) than FreshBooks, and FreshBooks is rated higher (95/100) than Wave Apps (72/100). FreshBooks offers users more features (12) than Wave Apps (3). There is a clear winner in this case and it is FreshBooks!

Looking for the right Core Accounting solution for your business? Buyers are primarily concerned about the real total cost of implementation (TCO), the full list of features, vendor reliability, user reviews, and the pros and cons. In this article we compare between the two software products:

FRESHBOOKS Vs. Wave Accounting

FRESHBOOKS: FreshBooks is the #1 cloud accounting specialist for small business owners.If you are a service-based business, FreshBooks is designed for you. If you are a lawyer, a marketing agency, a plumber, an interior decorator, an IT professional, a therapist, an architect, a web professional – if you create value for your customers by applying your time an...

Wave Accounting: Wave Accounting is an awesome, cloud-based, integrated software and tools for small businesses. So far, that includes Invoicing, Accounting, Payroll, Payments and more, plus Personal Finance Software, too.

Who is more expensive? FreshBooks or Wave Apps?

The real total cost of ownership (TCO) of Core Accounting software includes the software license, subscription fees, software training, customizations, hardware (if needed), maintenance and support and other related services. When calculating the TCO, it's important to add all of these ”hidden costs” as well. We prepared a TCO (Total Cost) calculator for FreshBooks and Wave Apps.

FreshBooks price starts at $6 per month , On a scale between 1 to 10 FreshBooks is rated 2, which is much lower than the average cost of Core Accounting software. Wave Apps price starts at $20 per month , When comparing Wave Apps to its competitors, the software is rated 4 - lower than the average Core Accounting software cost.

Bottom line: Wave Apps is more expensive than FreshBooks.

Which software includes more/better features?

We've compared FreshBooks Vs. Wave Apps based on some of the most important and required Core Accounting features.

FreshBooks: this software is considered "feature-rich" with more than 10 important features, here is a partial list: Mobile Access, Accounts Payable, Accounts Receivable, Balance Sheet, Billing & Invoicing, Budgeting & Forecasting, Cash Flow, Depreciation.

Wave Apps: Data Import/Export, Basic Reports, Online Customer Support.

Target customer size

From day one, FreshBooks was intended for Freelancers and small businesses who just do not want to waste their time using Excel or Microsoft Word when invoicing their client. Customers of the software include businesses of all sizes and a wide range of types.