We are driven by the Fit Small Business mission to provide you with the best answers to your small business questions—allowing you to choose the right accounting solution for your needs. Our meticulous evaluation process makes us a trustworthy source for accounting software insights. We don’t just scratch the surface; we immerse ourselves in every platform we review by exploring the features down to the finest nuances.
FreshBooks does offer a nice report screen, where you can save favorite reports for easier future access. Wave connects with a few apps directly, including Etsy, PayPal, and Shoeboxed, while offering connection to more than 1,000 additional apps using Zapier. Like FreshBooks, Wave offers a vertical menu bar to the left of the screen, with access to integrations and settings found at the bottom of the menu bar.
Track and Bill for Your Time
Unlike Wave, all of FreshBooks’ plans have a strict user limit of one, except Select, which ups this limit to two users. We went to user review websites to read first-hand reviews from actual accounting for architects software users. This user review score helps us give more credit to software products that deliver a consistent service to their customers. Customer service is evaluated based on the number of communication channels available, such as phone, live chat, and email.
You can upload receipts and keep track of business expenses in several currencies. Both services offer email support, though neither service has 24/7 support across any plan. Even after initial setup, the software must also let users modify information how to depreciate furniture like company name, address, entity type, fiscal year-end, and other company information. Nevertheless, we gave the win to FreshBooks because of the ability to talk to a real person over the phone. For minor issues, you can check out its vast online help section, which is equipped with detailed instructions on how to use FreshBooks’ features. Similarly, you may check out the Wave Help Center, which includes some helpful resources that provide answers to your questions.
Are Wave’s invoicing features available in the free version?
FreshBooks is a cloud-based accounting software for freelancers and small businesses. It offers features for invoicing clients, inventory management, business reports, and others. FreshBooks integrates with third-party software to generate advanced accounting reports.
- Businesses can also take advantage of a 10% discount if they pay annually rather than month to month.
- These features shouldn’t require a plan upgrade and Wave offers them for free, making it a better deal than FreshBooks’ Lite plan.
- We don’t just scratch the surface; we immerse ourselves in every platform we review by exploring the features down to the finest nuances.
What Sets FreshBooks Apart
FreshBooks has all the features you need to handle invoicing and tons of other business and accounting needs. Setting up a free account is the ideal first step toward finding accounting software that will help you meet — and even exceed — your financial goals. Unlike Wave Payroll, Gusto and SurePayroll by Paychex can help you find healthcare and other benefits for your employees (though with Gusto, health insurance is available in only 38 states and D.C.). Both providers also have more HR tools than Wave, including new-hire reporting and basic onboarding features. Integrates with more than 100 third-party apps; limited choices for direct payroll and point-of-sale integrations.
FreshBooks Features
FreshBooks collaborates with Gusto for payroll processing, with plans beginning at $39 + $6 per person per month. FreshBooks tracks your earnings from invoices, but it also allows you to record income from other sources such as Etsy and Shopify. This functionality ensures that all of your revenue sources are accounted for. You can also create and modify expenses, generate expense reports, and schedule recurring expenses to be created automatically on a regular basis.
Can manage multiple businesses for free under one account; lacks project tracking tools, industry-specific reports and transaction tracking tags. Project tracking tools in higher-tier plans; is a share buyback right for your company lacks industry-specific reports and transaction tracking tags; users with multiple businesses must pay for separate subscriptions. Despite their different pricing models, FreshBooks and Wave share many features. FreshBooks may be a better option for small firms that expect to grow.
It comes with add-ons at a price for users; Wave payment to process transactions, Wave Payroll, Mobile Receipts and Advisors. This takes into account customer management, revenue recognition, invoice management, and collections. FreshBooks has no bookkeeping service, though it partners with Bench, an online bookkeeping service provider, to accommodate users requiring expert help. With Bench, you’ll receive a dedicated bookkeeper who’ll assist you in managing your books.