FreeAgent vs. Wave: Which is Best? - Wheelhouse

FreeAgent vs. Wave: Which is Best?

FreeAgent vs. Wave Best Overall: FreeAgent

In our comparison of FreeAgent vs. Wave, FreeAgent is the best option with a higher overall Wheelhouse Score. Wheelhouse Score uses a combination of feature and pricing comparison data, average user ratings, and editorial reviews to score software vendors on a scale of 1-10.

Quick Info

FreeAgent Quick Info
WH Score:
9.1
Pricing Score:
8.2
Feature Score:
8.4
Usability Score:
9.0
Company Size:Small Business, Mid Market
Platforms:
Wave Quick Info
WH Score:
7.7
Pricing Score:
7.0
Feature Score:
7.5
Usability Score:
7.9
Company Size:All Sizes
Platforms:

Pricing

FreeAgent Pricing
FreeAgent - Accounting Software
$24
per month
Wave Pricing
Wave Money Management
Free
per user / per month

Features

FreeAgent Features
  • General Ledgers
  • Invoicing & Billing
  • Estimates & Quotations
  • Receivables & Collections
  • Payment Processing
  • Billing Model Management
  • Budget Management
  • Tax Calculation & Filing
  • Tax Policy Management
  • W-2
  • W-4
  • 1094
  • 1095
  • 1096
  • 1099
Wave Features
  • General Ledgers
  • Invoicing & Billing
  • Estimates & Quotations
  • Receivables & Collections
  • Payment Processing
  • Billing Model Management
  • Budget Management
  • Tax Calculation & Filing
  • Tax Policy Management
  • W-2
  • W-4
  • 1094
  • 1095
  • 1096
  • 1099

Pros & Cons

FreeAgent Pros & Cons
Pros
  • Seamless transition from manual to digital record-keeping
  • Intuitive user interface for efficient billing processes
  • Practical Android application for on-the-go updates
  • .
Cons
  • Opportunities for feature individualization
  • Compatibility limitations with certain Windows operating systems.
Wave Pros & Cons
Pros
  • None.
Cons
  • Unfortunately, I have found that Wave has restricted usage in some countries where it is really needed
  • This can be frustrating when I am working with clients or partners in those areas.

Reviews

FreeAgent Reviews
Top Favorable Review
D
Diana
Reviewed on Jul 2, 2021

The transition from manual record-keeping to digital automation has been a game-changer. Now, I no longer need to bring a multitude of papers, folders, and invoices to my accountant. Instead, a simple report suffices. The user interface is incredibly intuitive, making billing processes a breeze.

Seamless transition from manual to digital record-keeping. Intuitive user interface for efficient billing processes. Practical Android application for on-the-go updates.

Implementing it in a medium or large company might pose challenges as it may fall short in terms of performance.

Top Critical Review
V
Violet
Reviewed on Jul 2, 2021

The clarity and control it provides, especially with the time tracking tool and multiple webinar services, are exceptional. This application consistently upholds strong and robust security within our organization.

Impressive handling of accounting and finance. Affordability across various setups. Streamlined tax installation, billing, and accounting processes.

Opportunities for feature individualization. Compatibility limitations with certain Windows operating systems.

Wave Reviews
Top Favorable Review
L
Leon
Reviewed on Jul 2, 2021

Routines for Wave's bank transactions are utterly failing. Wave lost the settings for connecting to bank accounts in February 2020, and automatic transaction imports ceased. As of January 2021, Wave is unable to resolve this problem and is forcing its clients to perform painful manual transaction uploads.

None

Transaction import function does not works

Top Critical Review
P
Paul
Reviewed on Jul 2, 2021

Wave is solving a major problem for me by making accounting and invoicing much easier and more streamlined. With this tool, I am able to prepare estimates and invoices quickly and accurately, which saves me a lot of time and effort.

I really appreciate how easy it is to do accounting and invoicing with Wave. With just a few accounting entries, I can prepare my accounts quickly and efficiently.

Unfortunately, I have found that Wave has restricted usage in some countries where it is really needed. This can be frustrating when I am working with clients or partners in those areas.

Alternatives

FreeAgent Alternatives
Wave Alternatives
Add to Compare

Add suggested to comparison

FreeAgent vs. Wave: Detailed Comparison

FreeAgent vs. Wave Top Ratings & Reviews: FreeAgent

In our rating and review comparison of FreeAgent vs. Wave, FreeAgent has 16 user reviews and Wave has 11. The average star rating for FreeAgent is 4.5 while Wave has an average rating of 3.81. FreeAgent has more positive reviews than Wave. Comparing FreeAgent vs. Wave reviews, FreeAgent has stronger overall reviews.

FreeAgent vs. Wave Best Features & Functionality: FreeAgent

FreeAgent vs. Wave both offer a strong set of features and functionality including Accounting Features, Cash Flow Management, Tax Management, Supported Tax Forms, Expense Management, Payment Options, Document Management, Customizable Items, Appointments/Scheduling, Reminders/Alerts, Drag-and-Drop Builders/Designers, Workflow Automation, Reporting & Analytics, Language & Speech, Systems/Administrative, After-Sales Service. In our feature comparison of FreeAgent vs. Wave, FreeAgent offers more of the most popular features and tools than Wave.

FreeAgent vs. Wave Best Pricing: Wave

In our pricing comparison of FreeAgent vs. Wave, Wave's pricing starts at Free/month and is more affordable compared to Wave's starting cost of Free/month.

FreeAgent vs. Wave Best Usability: FreeAgent

Our comparison of FreeAgent vs. Wave shows that FreeAgent scores higher in usability for meets requirements, ease of admin. Wave scores higher in ease of use, learning curve, setup & support, quality of support, but FreeAgent has the best scores overall for system usability.

The right software for your business

Get your personalized recommendations now.