10+ Wave Invoice Alternatives and Competitors

Wave Invoice

Wave Invoice

9.4 User Rating
$40.5 M Revenue
250+ No of Employees
2009 Founded
SaaS Industry
Billing And Invoicing Software Category
Kirk Simpson CEO

Wave Invoice is an online billing and invoicing software solution. This platform is designed for small businesses, consultants, and freelancers, to suit their invoicing and billing needs. Other than billing and invoicing, the Wave Invoice platform provides fantastic features for accounting payment tracking, credit card processing, finance management, and more. With Wave Invoice, users can access all customer information in one place, get invoice on-the-go, accept payments online, and get instant invoice notifications 100% free, with no trials, no limitations, and no hidden fees. Launched as part of Wave Accounting Inc. in July 2009, Wave Invoicing has been providing multiple businesses and organizations with high-end invoicing, personal finance, and receipt-scanning solutions. As Kirk Simpson and James Lochrie established the platform, the co-founders steered Wave Invoicing’s solution as an easy and free invoicing software. Today, with over 100,000 users spanning across small businesses, consultants, and freelancers, Wave Invoicing becomes one of the best invoicing software to use, competing against its alternatives like Zoho Invoice, FreshBooks, PayPal Invoicing, ZipBooks, Simplybill, Express Invoice, and Microsoft Invoice.


Logo Name Sort Rating Sort CEO Pricing Sort Founded Sort Revenue Sort Employees Sort Location Sort Reviews Sort Customers Sort
Freshbooks Invoice Freshbooks Invoice 9.5 Mike McDerment $6 2003 $65 M
Toronto 1798+ Reviews
24M +
Wave Invoice Wave Invoice 9.4 Kirk Simpson N/A 2009 $40.5 M
Canada 1999+ Reviews
100K +
Zoho Invoice Zoho Invoice 9.3 Sridhar Vembu N/A 1996 $600 M
Chennai 1989+ Reviews
45M +
Quickbooks Invoice Quickbooks Invoice 9.2 Sasan Goodarzi $5.34 1983 $16.7 M
California 1787+ Reviews
3.2M +
PayPal Invoicing PayPal Invoicing 9.1 Daniel Schulman N/A 1998 $17.8 B
California 1888+ Reviews
305M +
Zipbooks Zipbooks 9 Tim Chaves N/A 2015 $11 M
Lehi 1878+ Reviews
1K +
Simplybill Simplybill 8.9 Colin Heller $5 2008 $13 M
1898+ Reviews
2M +
Express Invoice Express Invoice 8.8 Peter Lupton $69.95 1993 $12 M
1879+ Reviews
18M +
Hiveage Hiveage 8.7 Lankitha Wimalarathna N/A 2014 $7.8 M
Boston 1898+ Reviews
65K +
Microsoft Invoicing Microsoft Invoicing 8.6 Satya Nadella N/A 2015 $7.8 M
Redmond 1978+ Reviews
120M +


Accounting software
No set-up fees, no hidden charges, no monthly fee
Unlimited income and expense tracking
Add unlimited partners, collaborators or accountants
Fully functional double entry system. Generate financial statements for year-end
Receipt scanning
No set-up fees, no hidden charges, no monthly fee
Unlimited receipt scanning with our free mobile app
Available on Android and iOS
Scan multiple receipts all at once

Key Employees

Paul MarshallPaul MarshallChief Operating Officerhttps://lk.linkedin.com/in/pmarshall
Emmanuel BalleriniEmmanuel BalleriniSenior Software Engineerhttps://lk.linkedin.com/in/emmanuel-ballerini-583608
Kerry ReynoldsKerry ReynoldsVice Presidenthttps://lk.linkedin.com/in/mskerryreynolds


“ Accounting is fun with FreshBooks ”

8/10 (overall) - Sursh P.
  • This software helps us to do all our Accounting Entries like Expenses, Sales, Purchase & Overall Organisation requirements.  It is excellent in terms of reporting.
  • I give a full 5 stars to this software and recommend it to all my clients.
  • We use cash-basis accounting, so it works for us, but if you carry inventory, I don’t think FreshBooks will support accrual accounting.
  • The bank reconciliation was officially “beta” until very recently.

“ Reasonable competitive software to QuickBooks ”

8/10 (overall) - Blake B.
  • Reports & data download faster due to the FreshBooks server setup.
  • The user interface is not very different from other entry-level accounting software, the data download speeds are much higher.
  • Quickbooks customer service is truly superb. Not only do they understand accounting, but also software and tech.
  • We had that service level expectation when we came to Freshbooks, and we were let down.

“ I wish I could rate it higher than a 10 ”

9/10 (overall) - Frank N.
  • It was so easy to add and remove third party apps if and when they were needed.
  • Plus, there were lots of options for third party apps that I could plug in or switch out as needed.
  • The only thing that is missing in freshbooks is that you can not estimate you tax in it you have to do it manually.
  • The accounting features are barely adequate, and the accounting functionality is more like a public beta than production software.


  • Access Control
  • Analytics
  • Accounting Intergration
  • Application Integration
  • Assessment Management
  • Assignment Management
  • Billable Hours Tracking
  • Billing & Invoicing
  • Business Intelligence
  • List Management
  • Sales Force Automation
  • Sales Enablement
  • Team Collaboration
  • Performance Management
  • Process Management

Images & Videos

Q & A

Q. What can I enjoy with Wave's invoicing?

Wave invoicing has a lot of features that you can enjoy that will allow you to streamline your invoice processes. Wave invoicing provides you multiple currency invoicing, seamless accounting integration, automated sales tax calculations, customizable payment terms, payment tracker for overdue invoices, credit card and bank payments, and more to mention.

Q. Can I enjoy Wave through my mobile device?

Yes! You can also choose to access the wave app through your available Andriod and iOS mobile devices. With Wave mobile app, you can create invoices on the go
get your payment faster, and run your invoices anytime, anywhere.

Q. What are the supported files for Wave's invoicing templates?

Wave invoicing’s templates are available in Word, Excel, PDF, Google Docs, and Google Sheets formats. You can also choose a wide variety of invoice types according to the specific use, such as for marketing business, consulting business, legal firm, professional business, and freelance business.

Q. Is my data safe with Wave?

With Wave, guaranteed that all of your essential data are completely safe since the application’s servers are protected with the standard security compliance, such as PCI-DSS Level 1 Service Provider. Rest assured that all of the transactions between you and Wave are highly protected by 256-bit SSL encryption.