Softwr

Accounting · head to head

FloQast vs Wave

FloQast logo

FloQast

Accounting

Close management software for accounting teams

From
$29/month
Rated
-
Full reviewWebsite
Wave logo

Wave

Professional Services

Financial software for small businesses

From
Free
Rated
-
Full reviewWebsite

The short version

  • Only Wave has a free tier, so it costs nothing to try first.
  • Each has a real cost: FloQast no pricing is published, and the vendor states packages scale with business outcomes rather than seat count, which gives a buyer no unit to estimate against; Wave automatic bank transaction import and receipt scanning require the Pro plan at $19 a month
  • They diverge on capability: FloQast covers Close management, Wave covers Double-entry accounting.
  • Prices and features above were last checked on 30 August 2026.

Where they differ

Only the attributes on which FloQast and Wave actually diverge.

Attributes where FloQast and Wave differ
AttributeFloQastWave
Starting price$29/monthFree
Pricing modelsubscriptionfreemium
Free tierNoYes
PlatformsWebWeb, Ios, Android
CategoryAccountingProfessional Services
Founded20132010

Identical on both: user rating (Not yet rated).

What each one covers

Drawn from each product's published feature list. An absence here means we hold no record of it - not that the product lacks it.

Only in FloQast

  • Close management
  • Reconciliation
  • Flux analysis
  • Audit prep
  • Team collaboration
  • NetSuite
  • QuickBooks
  • Sage

Only in Wave

  • Double-entry accounting
  • Invoicing
  • Expense tracking
  • Financial reporting
  • Bank reconciliation
  • Receipt scanning
  • Multi-currency
  • Sales tax tracking

Both cover

  • Web support

What people use each for

The jobs each tool is most often brought in to do.

FloQast

  • Managing the accounting close with checklists and reconciliationsnot Wave
  • Automating account reconciliation and compliance workflowsnot Wave

Wave

  • Invoicing and bookkeeping for very small businesses and freelancersnot FloQast
  • Accepting card payments against issued invoicesnot FloQast

Where each one falls short

Documented limitations, not opinions. Every one is a constraint you would hit in normal use.

FloQast

  • No pricing is published, and the vendor states packages scale with business outcomes rather than seat count, which gives a buyer no unit to estimate against
  • The product is split into five separately packaged solution categories
  • Every route to a figure runs through a personalised demo

Wave

  • Automatic bank transaction import and receipt scanning require the Pro plan at $19 a month
  • The free plan pays a $0.60 per transaction fee on card payments on top of 2.9%, which Pro waives only for the first 10 transactions a month
  • Beyond 10 transactions a month the Pro plan pays the same per transaction fee as the free one
  • Amex is charged at 3.4% rather than 2.9% on both plans

Pricing, plan by plan

FloQast

$29/month
  • StandardFree
    • Custom pricing
    • Close management
    • Reconciliation

Wave

Free
  • AccountingFree
    • Unlimited invoicing
    • Expense tracking
    • Financial reports
  • Payments$undefined/transaction
    • 2.9% + $0.60 per transaction
    • Credit card processing
    • Bank payments (1%)
  • Payroll$35/month
    • $35/month base + $6/employee
    • Tax calculations
    • Direct deposit

Which should you pick?

Choose FloQast if

  • You need close management.
  • You also want reconciliation.
FloQast review

Choose Wave if

  • You need double-entry accounting.
  • You want to start without paying.
  • You work on Web, Ios, Android.
  • You also want invoicing.
Wave review

Questions people ask

Is FloQast or Wave better?
Neither clearly leads. FloQast starts at $29/month and Wave at Free, and user ratings are close enough to be indistinguishable. Choose on capability and platform support.
Which is cheaper, FloQast or Wave?
Wave has a free tier; the other does not. Paid plans start at $29/month for FloQast and Free for Wave.
Does FloQast or Wave run on more platforms?
FloQast runs on Web. Wave runs on Web, Ios, Android.
Can I use Wave for free?
Yes. Wave has a free tier, so you can try it without paying. FloQast starts at $29/month.
What is FloQast best used for?
FloQast is most often used for managing the accounting close with checklists and reconciliations, automating account reconciliation and compliance workflows. Of those, managing the accounting close with checklists and reconciliations and automating account reconciliation and compliance workflows are not what Wave is typically brought in for.
What can FloQast do that Wave cannot?
FloQast covers Close management, Reconciliation, Flux analysis, Audit prep. Wave covers Double-entry accounting, Invoicing, Expense tracking, Financial reporting. Both handle Web support.

Answered from the vendors’ own pages

FloQast: How much does FloQast cost?

FloQast does not publish specific pricing with dollar amounts. Instead, the company offers customized packages that scale with business outcomes rather than seat count. Pricing is tailored to each organization's unique needs, scope, and scale.

Source
Wave: Can I try Wave before committing to a paid plan?

Sign up for the Starter Plan to take the bookkeeping and invoicing basics for a spin. Then, whenever you're ready, upgrade to the Pro Plan to unlock even more money management features.

Source
FloQast: Does FloQast charge per user?

No. FloQast explicitly states 'No Per-User Fees. Pricing Built Around Value, Not Headcount.' The company's pricing is customized to organizational requirements rather than based on the number of users.

Source
Wave: What happens if I want to cancel my subscription?

Yes, you can unsubscribe at any time. The cancellation of your subscription will take effect at the end of the billing period in which you cancel.

Source
FloQast: What is FloQast's pricing model?

FloQast uses a value-based pricing approach with customizable packages across solutions like Close Management, Compliance & Risk, Financial Reporting, and AI Automation. Each organization receives a personalized pricing recommendation based on their unique challenges and objectives.

Source
Wave: Can I upgrade or downgrade my plan easily?

To upgrade to the Pro Plan, sign into Wave. Visit your dashboard or use your invoicing or accounting features, and click the 'Upgrade now' button.

Source
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