switchpoint

Accounting · 2026

FreshBooks·vs·Wave

Two solid choices in accounting. Here's how they stack up on pricing, fit, and trade-offs — so you can decide in a minute.

Reviewed by Switchpoint Editors ·

Contender A

FreshBooks

Invoicing-first accounting for service businesses.

Best for

Consultants and agencies.

Pricing

From $19/mo.

Pros

  • Best-in-class invoicing
  • Time tracking

Trade-offs

  • Less suited to inventory

Contender B

Wave

Free accounting for very small businesses.

Best for

Freelancers and microbusinesses.

Pricing

Free accounting. Paid Pro from $16/mo.

Pros

  • Free core features
  • Easy to start

Trade-offs

  • Limited reporting

The matrix

Side-by-side

Best for

FreshBooks

Consultants and agencies.

Wave

Freelancers and microbusinesses.

Pricing

FreshBooks

From $19/mo.

Wave

Free accounting. Paid Pro from $16/mo.

Top strength

FreshBooks

Best-in-class invoicing

Wave

Free core features

Biggest trade-off

FreshBooks

Less suited to inventory

Wave

Limited reporting

The verdict

Which should you pick?

If…Pick FreshBooks

Consultants and agencies.

If…Pick Wave

Freelancers and microbusinesses.

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