Compare Wave Accounting vs FreshBooks

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ITQlick rating ITQlick Rating is based on the software score (below) and aggregated online reviews
ITQlick score ITQlick Score is a 1 to 100, the calculation is based on pricing, and functionality Vs. alternative solutions
Pricing score pricing Score is a 1 to 10 (10 is high cost), based on the TCO (cost of licences, customizations, training, hardware when relevant) Vs. alternative solutions
License pricing license pricing (if provided by the software vendor)
Hosting
Functionality score
Fit small business
Fit medium business
Fit large business
Software review
Compare
Wave
ITQlick rating ITQlick Rating is based on the software score (below) and aggregated online reviews
ITQlick Score
97/100
Pricing score Pricing score ranges between 1 to 10 while 1 is low TCO and 10 is high TCO (TCO - total cost of ownership: cost of licences, customizations, training, hardware when relevant) Vs. alternative solutions
5.6/10
License pricing license pricing (if provided by the software vendor)
$20 per month
Hosting
Cloud
Functionality score
8
Fit small business
Fit medium business
Fit large business
Software review
FreshBooks
ITQlick rating ITQlick Rating is based on the software score (below) and aggregated online reviews
ITQlick Score
95/100
Pricing score Pricing score ranges between 1 to 10 while 1 is low TCO and 10 is high TCO (TCO - total cost of ownership: cost of licences, customizations, training, hardware when relevant) Vs. alternative solutions
2/10
License pricing license pricing (if provided by the software vendor)
$4.50 per month
Hosting
On premise and Cloud
Functionality score
28
Fit small business
Fit medium business
Fit large business
Software review
QuickBooks
ITQlick rating ITQlick Rating is based on the software score (below) and aggregated online reviews
ITQlick Score
99/100
Pricing score Pricing score ranges between 1 to 10 while 1 is low TCO and 10 is high TCO (TCO - total cost of ownership: cost of licences, customizations, training, hardware when relevant) Vs. alternative solutions
5/10
License pricing license pricing (if provided by the software vendor)
$12.50 per month
Hosting
Cloud
Functionality score
7
Fit small business
Fit medium business
Fit large business
Software review
Zoho
ITQlick rating ITQlick Rating is based on the software score (below) and aggregated online reviews
ITQlick Score
96/100
Pricing score Pricing score ranges between 1 to 10 while 1 is low TCO and 10 is high TCO (TCO - total cost of ownership: cost of licences, customizations, training, hardware when relevant) Vs. alternative solutions
2.4/10
License pricing license pricing (if provided by the software vendor)
$9 per month
Hosting
On premise and Cloud
Functionality score
9
Fit small business
Fit medium business
Fit large business
Software review
Compare
Vyapar
ITQlick rating ITQlick Rating is based on the software score (below) and aggregated online reviews
ITQlick Score
95/100
Pricing score Pricing score ranges between 1 to 10 while 1 is low TCO and 10 is high TCO (TCO - total cost of ownership: cost of licences, customizations, training, hardware when relevant) Vs. alternative solutions
8/10
License pricing license pricing (if provided by the software vendor)
$10 per month
Hosting
On premise and Cloud
Functionality score
5
Fit small business
Fit medium business
Fit large business
Software review

Wave Accounting Vs. FreshBooks: Which is better?

Shlomi Lavi / Jul 13, 2020

Looking for the right Core Accounting solution for your business? buyers like you are primarily concerned about the real total implementation cost (TCO), full list of features, vendor reliability, user reviews, pros and cons. in this article we compare between the 2 software products:

Vendor comparison

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.

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 and expertise to other people’s problems, thereby running a service-based business - FreshBooks is built specifically for you. We uphold a longstanding tradition of providing extraordinary customer service and building a product that helps save you time, because we know you went into business to pursue your passion and serve your customers - not to learn accounting.

Pricing/cost comparison

The real cost of Core Accounting software includes the software license, subscription fees, software training cost, customization cost, required hardware, and the cost of maintenance & support and other related services. It's critical that you account for all of these costs to gain an understanding of the system's "total cost of ownership". We prepared a total cost calculator for Wave Accounting TCO and FreshBooks total cost to help with the total cost of ownership calculation.

Wave Accounting price Starting from $20 per month , on a scale between 1 to 10 Wave Accounting is rated 4, which is lower than the average cost of Core Accounting software. FreshBooks price Starting from $4.50 per month , when comparing FreshBooks to their competitors, the software is rated 2 - much lower than the average Core Accounting software cost.

Bottom line: Wave Accounting is more expensive than FreshBooks.

Features and functionality

As with any business software solutions, it’s important to consider the features & functionality. The tool should support the processes, workflows, reports and needs that matter to your team. To help you evaluate this, we've compared Wave Accounting Vs. FreshBooks based on some of the most important and required Core Accounting features.
Wave Accounting: Accounts Payable, Accounts Receivable, Balance Sheet, Billing & Invoicing, Tax compliance, ..
FreshBooks list of features include the following: Mobile Access, Accounts Payable, Accounts Receivable, Balance Sheet, Billing & Invoicing, .

Target customer size

Wave Accounting is ideal for small to medium businesses with 9 or less employees. From day one, FreshBooks was intended for Freelancers and small businesses who just don't want to waste their time using Excel or Microsoft Word when invoicing their client.

Wave Accounting

ITQlick rating
(4.4/5)

Starting from $20 per month

Wave Accounting software is a fully integrated, web-based accounting solution tailored exclusively for small organizations. The software allows the users to access their documents any time from anywhere.

Categories: Accounting & Finance, Core Accounting, Medical Accounting.

FreshBooks

ITQlick rating
(4.5/5)

Starting from $4.50 per month

FreshBooks is built for small business owners to get organized and get paid. You'll spend less time billing, and more time getting down to business.FreshBooks is simple and intuitive, so accounting isn't intim...

Categories: Accounting & Finance, Recurring Billing, Billing & Invoicing, Core Accounting, Financial reporting.

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Compare specifications

Wave Accounting Specifications

Name: Wave Accounting
Company: Wave Accounting
Address Toronto, ON, Canada
Website:https://www.waveapps.com/
Platforms: Desktop, Mobile, Cloud

FreshBooks Specifications

Name: FreshBooks
Company: FRESHBOOKS
Address Toronto, Ontario, Canada
Website:https://www.freshbooks.com/
Platforms: Desktop, Mobile, Cloud

Compare features

Wave Accounting: 5 Features

Accounts Payable
Accounts Receivable
Balance Sheet
Billing & Invoicing
Tax compliance

FreshBooks: 8 Features

Mobile Access
Accounts Payable
Accounts Receivable
Balance Sheet
Billing & Invoicing
Budgeting & Forecasting
Cash Flow
Depreciation