Invoicely vs Wave (2026): which should you pick?
As of Nov 12, 2026, Invoicely grades higher than Wave: 2.6 against 2.4 out of 4.0.
Checked Nov 9, 2026 and Nov 12, 2026 · graded Oct 17, 2026 and Nov 12, 2026 by ToolGPA
Invoicely grades higher on value for money. Wave grades higher on the free plan. They get the same grade on features, ease of use and platforms.
Price, platforms and features side by side. The table says where each price was read and when.
Invoicely
Invoicing, estimates and expense tracking with a free plan
Wave
Free invoicing and bookkeeping for US and Canadian small businesses
Which one is for you
Pick Invoicely if
- Fits if you invoice a few clients a month and only need PayPal
- Works for small teams, as Basic has 2 seats and Professional 10
Look elsewhere if
- Tight if you're on Free: 5 invoices, 3 saved clients and PayPal only
- Not for you if you want bank feeds or double-entry bookkeeping, as neither is shown
- Watch out: team seats are none on Free, 2 on Basic, 10 on Professional and 25 on Enterprise
- Pricey if you pay monthly: Basic is $9.99, Professional $19.99 and Enterprise $29.99
Pick Wave if
- Fits if you're a sole trader in the US or Canada who mostly sends invoices
- Works for owners who'd pay Wave's own bookkeepers, from $149 a month, to keep the books
Look elsewhere if
- Not for you if your business is outside the US or Canada
- Skip it if you bill by the hour, as there's no time tracking, projects or inventory on the listing
- Tight if you stay free, since every bank transaction is typed in by hand and card fees are 2.9% plus $0.60
- Watch out: live chat and email support need Pro or a paid add-on, and run weekdays 9 AM to 4:45 PM Eastern only
- Pricey if you add payroll, at $40 a month in the US plus $6 per employee and per contractor paid
How we grade them
| 2.6GPAInvoicelyGood | 2.4GPAWaveFair | |
|---|---|---|
| Value for money | A$7.99 a month on yearly billing for Basic with 100 invoices a month, under 60% of the $15 that starts this category's cheaper quarter. Enterprise is $23.99. | CPro is $19 a month, or $190 a year, between the cheaper quarter of accounting tools at $15 and the middle at $23. It buys bank feeds, receipt capture, late reminders and lower card fees, at a price in the middle of the range. |
| Free plan and trial | CA free plan of 5 invoices a month, 3 saved clients, PayPal only and 100 emails a month. A freelancer with three clients can get by, but you'll hit it. | BStarter is free with unlimited invoices, estimates, bills and bookkeeping records, plus a dashboard and reports. One person could live on that. The catch is typing in bank transactions by hand, because bank feeds need Pro. |
| Features | CInvoices, estimates, time, expense and mileage tracking, bills and reports. No bank feeds or double-entry books are shown, so it's an invoicing tool. | CInvoices, online payments, bookkeeping, bank feeds, receipt scanning and payroll as an add-on. The basics are there, but the listing shows no time tracking, projects or inventory, and Wave serves only US and Canadian businesses. |
| Ease of use | CNo store rating on record. You'll build your client list and invoice template before it saves time. | C4.37 from 6,664 App Store ratings, below most accounting apps here. Live chat and email support come only with Pro or a paid add-on, on weekdays. |
| Platforms and integrations | BWeb, iPhone and Android, with PayPal, Stripe, Authorize.net and Mollie. No desktop app. | BWeb, iPhone and Android, with connections to Amazon, Etsy, eBay, Google Sheets, Capsule CRM and Make. Most third-party integrations need Pro, and there's no desktop app. |
| Best for | cheap invoicing with a small free plan | free invoicing and books in the US or Canada |
The GPA is the average of the five grades: an A is 4 points, an F is none. The full reasons are on each tool's page: Invoicely and Wave. How we grade
Price against what you get
Invoicely starts at $7.99 a month and scores 2.3 out of 4 on features, ease of use and platforms. Wave starts at $19 a month and scores 2.3.
They score the same, and Invoicely starts $11.01 a month lower. Of the other accounting and invoicing tools on the chart, 4 score higher than Invoicely for less, and 8 score higher than Wave for less.
Features, ease of use and platforms, averaged
What paid plans start at, a month (each step along is roughly double) →
- The best score at each price
- Has a free plan
- No free plan
Where they differ
- Invoicely also covers time tracking and quotes and estimates.
- Wave also covers bookkeeping and payroll.
At a glance
| Invoicely | Wave | |
|---|---|---|
| Pricing | Free plan | Free plan |
| Starts at | $7.99 per month, billed yearly ($9.99 billed monthly) | $19 per month, billed monthly |
| Free plan | 5 invoices a month, 3 saved clients, payments through PayPal only and 100 emails a month. | Starter plan: unlimited estimates, invoices, bills and bookkeeping records, a dashboard and reports, and invoicing in the mobile app. Bank transactions are entered by hand. |
| Free trial | None listed | None listed |
| Web | ||
| iOS | ||
| Android | ||
| Made by | Stack Holdings GmbH | Wave Financial Inc. |
| Price read from | invoicely.com | waveapps.com |
| Checked | Nov 12, 2026 | Nov 9, 2026 |
Worth knowing
Invoicely
- The free plan stops at 5 invoices a month and 3 saved clients, and accepts PayPal only.
- Team seats are capped by plan: none on Free, 2 on Basic, 10 on Professional and 25 on Enterprise.
- The pricing page frames it as invoicing; it shows no bank feeds or full double-entry bookkeeping.
Wave
- Wave describes itself as serving businesses in the US and Canada, and its pricing page shows prices only in US and Canadian dollars.
- Payroll costs $40 a month in the US plus $6 per active employee and $6 per contractor paid (Canada: $25 CAD base).
- Bank feeds, automatic reminders and most third-party integrations need Pro; Starter has no bank import.
- Live chat and email support come only with Pro or a paid add-on, Monday to Friday, 9 AM to 4:45 PM Eastern.
Key features
Invoicely
- Invoices and estimates
- Create invoices and estimates in any currency, track when they are opened, and convert an accepted estimate into an invoice.
- Online payments
- Clients pay from the invoice. The pricing page lists PayPal, Authorize.net, Stripe and Mollie as gateways, with PayPal only on the free plan.
- Time, expense and mileage tracking
- Log hours, expenses and trips, then turn them into invoices or bills. These tracking tools are not part of the free plan.
- Bills and reports
- Record bills, and view dashboard charts, income and expense summaries, and payables and receivables.
- Team roles and multiple businesses
- Paid plans add team members with permissions and roles, and the account can hold more than one business.
Wave
- Invoices and estimates
- Unlimited invoices and estimates on the free plan. Pro removes Wave branding, adds reusable message templates and sends automatic late payment reminders.
- Online payments
- Customers pay invoices by card or bank payment once online payments are approved; deposits can be collected through estimates.
- Bookkeeping and bank feeds
- Unlimited bookkeeping records on every plan. Pro imports bank transactions through Plaid, then merges and categorizes them.
- Receipt capture
- Receipts uploaded from the mobile app, desktop or email become records by OCR. Included in Pro, or $8 a month on Starter.
- Wave Payroll
- Pays employees and contractors, with tax filing in all 50 US states and CRA remittances in Canada. A separate add-on.
- Wave Advisors
- Wave's in-house bookkeepers can keep the books for you or coach you to do them yourself, from $149 a month.
Plans
Invoicely
Free$0
5 invoices a month and 3 saved clients. Online payments through PayPal only, and 100 emails a month.
Basic$7.99
per month, billed yearly ($9.99 billed monthly)
100 invoices a month, 25 saved clients and up to 2 team members.
Professional$15.99
per month, billed yearly ($19.99 billed monthly)
250 invoices a month, 100 saved clients and up to 10 team members.
Enterprise$23.99
per month, billed yearly ($29.99 billed monthly)
Unlimited invoices and saved clients, up to 25 team members.
Wave
Starter$0
Unlimited invoices, estimates, bills and records. Card payments cost 2.9% plus $0.60 each, and bank transactions are not imported automatically.
Pro$19
per month, billed monthly
Bank feeds with auto-categorizing, unlimited receipt capture, late payment reminders, more users and card fees of 2.9% with no fixed fee on the first 10 a month.
Wave Advisors$149
per month and up
Pro features plus a dedicated bookkeeper who keeps the books and prepares monthly financial statements. Mobile receipts are not included.
Ways to pay less
Invoicely
- Annual discount
Lower monthly rate with yearly billing
The pricing page has a Yearly Billing toggle that shows $7.99, $15.99 and $23.99 a month in place of $9.99, $19.99 and $29.99.
Wave
- Annual discount
Save $38 with annual Pro billing
Pro costs $190 a year when billed annually, against $228 for twelve monthly payments of $19.
- Other savings
Half off Pro for the first 3 months
New Pro subscribers paying monthly on Wave's website pay $9.50 a month for the first three months, saving $28.50, then the listed $19 a month.
- Other savings
Black Friday: Wave Advisors from $134 a month
Bookkeeping plans bought from November 2 to November 30, 2026 start at $134 a month instead of $149, with up to 25% off two-year plans and $30 to $40 off coaching sessions.
Common questions
Which is cheaper, Invoicely or Wave?
As of Nov 12, 2026, Invoicely is cheaper to start with: $7.99 a month, against $19 a month for Wave. Invoicely starts at $7.99 per month, billed yearly ($9.99 billed monthly), and Wave starts at $19 per month, billed monthly.
Which has a free plan, Invoicely or Wave?
As of Nov 12, 2026, both Invoicely and Wave have a free plan.
More comparisons
How this page was made
- The verdict at the top follows a fixed rule. When both tools are in the same category and either is in our top three for it, the verdict follows that ranking: the higher-placed tool is our pick. The top three weigh who each tool suits as well as its grades, so a pick can go against the GPA. Otherwise the page does not pick one and says which grades higher: the higher GPA first; on a tie, the one with a free plan, then the one that starts cheaper in dollars a month, counted the same way for both; if they are still level, what the choice depends on.
- The grades are our own, from each tool’s review or report card. The GPA is their average.
- Prices, plans and platforms come from each tool’s listing. The table above says where each price was read and when.
- The differences and the answers to the questions are worked out from those listings.