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Professional Services · head to head

FreshBooks vs Wise Business

FreshBooks logo

FreshBooks

Professional Services

Accounting software that makes you look good

From
Free
Rated
-
Full reviewWebsite
Wise Business logo

Wise Business

Accounting & Finance

The smart way to send and receive business payments

From
$29/month
Rated
-
Full reviewWebsite

The short version

  • Only FreshBooks has a free tier, so it costs nothing to try first.
  • Each has a real cost: FreshBooks lite tier limited to 5 clients maximum; Wise Business opening a Wise Business account in the UK carries a one off setup fee of 50 GBP
  • They diverge on capability: FreshBooks covers Invoicing, Wise Business covers Multi-currency accounts.

Where they differ

Only the attributes on which FreshBooks and Wise Business actually diverge.

Attributes where FreshBooks and Wise Business differ
AttributeFreshBooksWise Business
Starting priceFree$29/month
Pricing modelUnknownusage-based
Free tierYesNo
PlatformsWeb, iOS, AndroidWeb, Ios, Android, Api
CategoryProfessional ServicesAccounting & Finance
Founded20032011

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 FreshBooks

  • Invoicing
  • Expense tracking
  • Time tracking
  • Project management
  • Payments
  • Financial reporting
  • Proposals
  • Mileage tracking

Only in Wise Business

  • Multi-currency accounts
  • International transfers
  • Batch payments
  • API access
  • Team management
  • Xero
  • QuickBooks
  • Various

What people use each for

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

FreshBooks

  • Invoicing and payment processingnot Wise Business
  • Time tracking and expense managementnot Wise Business
  • Multi-client project accountingnot Wise Business

Wise Business

  • Holding and converting multiple currencies as a businessnot FreshBooks
  • Paying international suppliers and contractors at the mid market ratenot FreshBooks
  • Receiving payments into local currency account details in several countriesnot FreshBooks

Where each one falls short

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

FreshBooks

  • Lite tier limited to 5 clients maximum
  • E-signatures, proposals, and client retainers unavailable on Lite and Plus tiers
  • Advanced payment processing fee of £20/month on Plus tier (extra cost)
  • Email customization and project profitability tracking restricted to Premium tier and above
  • Offline mode not available; web-based only

Wise Business

  • Opening a Wise Business account in the UK carries a one off setup fee of 50 GBP
  • Volume discounts on transfers start only above 20,000 GBP equivalent sent per month

Pricing, plan by plan

FreshBooks

Free

No published plan breakdown. See the FreshBooks review.

Wise Business

$29/month
  • StandardFree
    • Multi-currency account
    • Real exchange rate
    • Batch payments

Which should you pick?

Choose FreshBooks if

  • You need invoicing.
  • You want to start without paying.
  • You work on Web, iOS, Android.
  • You also want expense tracking.
FreshBooks review

Choose Wise Business if

  • You need multi-currency accounts.
  • You work on Web, Ios, Android, Api.
  • You also want international transfers.
Wise Business review

Questions people ask

Is FreshBooks or Wise Business better?
Neither clearly leads. FreshBooks starts at Free and Wise Business at $29/month, and user ratings are close enough to be indistinguishable. Choose on capability and platform support.
Which is cheaper, FreshBooks or Wise Business?
FreshBooks has a free tier; the other does not. Paid plans start at Free for FreshBooks and $29/month for Wise Business.
Does FreshBooks or Wise Business run on more platforms?
FreshBooks runs on Web, iOS, Android. Wise Business runs on Web, Ios, Android, Api.
Can I use FreshBooks for free?
Yes. FreshBooks has a free tier, so you can try it without paying. Wise Business starts at $29/month.
What is FreshBooks best used for?
FreshBooks is most often used for invoicing and payment processing, time tracking and expense management, multi-client project accounting. Of those, invoicing and payment processing and time tracking and expense management are not what Wise Business is typically brought in for.
What can FreshBooks do that Wise Business cannot?
FreshBooks covers Invoicing, Expense tracking, Time tracking, Project management. Wise Business covers Multi-currency accounts, International transfers, Batch payments, API access.
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