Whether you are navigating from entering expenses to collecting payments, the sidebar is intuitive to use and doesn’t get lost in confusing jargon. Additionally, FreshBooks has a user-friendly mobile app that allows you to enter data as you need to while out of the office. This helps you from falling behind on entries when working away from your desk. Don’t let the amount of data tied up in your current accounting software stop you from finding the right fit for you and your business. With Easy Switch, our specialists will handle the heavy lifting, moving all your important info (like expenses, invoices, and client details) from Wave to FreshBooks. Wave Accounting’s only built-in integration is with its payroll product, Wave Payroll.

FreshBooks and Wave have many similar features, such as the ability to send unlimited invoices and track unpaid bills. However, FreshBooks is full disclosure definition and meaning a bit more robust, as it has features not found in Wave, including project accounting and time tracking. Wave, on the other hand, has fewer features but is more affordable, with a free plan for a single user. FreshBooks is a good option for those who don’t have a lot of experience in accounting and want an easy-to-use way to manage their business finances. The software allows you to do everything from tracking expenses to sending invoices and collecting payments. It will make tax time easier by providing the required reports that your tax preparer needs to accurately file your taxes.

1. Invite employees, contractors, and clients to collaborate on your projects.
2. Both Wave and FreshBooks have excellent invoice templates that are easy to customize and send to clients.
3. FreshBooks may be a better option for small firms that expect to grow.

Integrations: FreshBooks Wins

The lowest price tier costs $4.25 per month for your first three months, then $17 per month thereafter, but is limited to five clients. The Lite plan offers the essentials and is best for people who only have a couple of clients and do not have a business model that focuses on attaining more. 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.

Is FreshBooks good for freelancers?

Clicking on a feature brings up a short menu of functions available, which you can click on to access that function. Once the product has been set up, the dashboard will display a summarized view of your business. Both FreshBooks and Wave offer intuitive user navigation screens, making it easy for new users to find their way around the application in a short amount of time. If you’ve read our accounting software reviews, and remain confused, be sure to take a few minutes and look at our comprehensive comparison of both FreshBooks and Wave. Choosing which of the two is better for your business depends on your needs. FreshBooks is best for users needing a simple platform that they can use without a huge learning curve.

FreshBooks vs. Wave: Features

Zapier, Shopify, PayPal, Square, Bench Bookkeeping, Calendly, Mailchimp, HubSpot, Gusto, and Stripe are some of its leading integrations. Now that we’ve taken a quick overview let’s compare the two apps’ important features to determine which one outperforms the other in various categories. No, it isn’t possible to reconcile bank statements manually in FreshBooks because it doesn’t allow you to upload files of transactions. Your only option for importing transactions is a live bank connection. In evaluating pricing, we considered the billing cycle (monthly or annual) and the number of users. The two programs are evenly matched in this category as each has its own assisted bookkeeping service with equally decent features and benefits.

Customer Support: FreshBooks Wins

This can be annoying if you’re switching to FreshBooks from previous accounting software. As mentioned earlier, FreshBooks has more features than Wave, which is somehow expected given that Wave used to be free and is focused on very small businesses with basic accounting needs. FreshBooks dashboard displays a welcome screen to new users that shows your setup progress, so you know exactly how much application forms you have left to go.

There is literally no one to speak with over the phone, and the only thing you have is chat support, which is provided to new users for 60 days after purchase. In addition to a chatbot, you can use the Wave Help Center, which includes some useful resources that will answer your problems. FreshBooks supports online payments via the payment processor WePay, which charges 2.9% + 30 cents per transaction. 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.

Reporting options in both FreshBooks and Wave are similar, with both applications offering a limited number of reports, though all the necessary financial reports are included in the available reports. Wave is a completely free application, though you will have to pay if you want to accept payments online or use their Payroll service. what does a chief financial officer However, because Wave is designed for online payment acceptance, there is no quick way to record a payment made by check. You can create an estimate for any customer and if the customer accepts the estimate, you can convert it directly to an invoice.