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Accounting · head to head

Invoicera vs Wave

Invoicera logo

Invoicera

Accounting

Online invoicing and billing platform for multi-entity businesses

From
$50/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: Invoicera pricing quoted annually by default, with monthly billing costing roughly 20% more.; Wave automatic bank transaction import and receipt scanning require the Pro plan at $19 a month
  • They diverge on capability: Invoicera covers Multi-entity billing, Wave covers Double-entry accounting.
  • Prices and features above were last checked on 30 August 2026.

Where they differ

Only the attributes on which Invoicera and Wave actually diverge.

Attributes where Invoicera and Wave differ
AttributeInvoiceraWave
Starting price$50/monthFree
Pricing modelsubscriptionfreemium
Free tierNoYes
PlatformswebWeb, Ios, Android
CategoryAccountingProfessional Services
FoundedUnknown2010

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 Invoicera

  • Multi-entity billing
  • Recurring invoices
  • Approval workflows
  • Client portal
  • Project and time/milestone billing
  • Reconciliation workflows

Only in Wave

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

What people use each for

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

Invoicera

  • Businesses managing invoicing across multiple legal entitiesnot Wave
  • Organizations requiring multi-step invoice approvalnot Wave
  • Agencies billing clients by project milestones or timenot Wave
  • Companies needing a self-service client billing portalnot Wave

Wave

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

Where each one falls short

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

Invoicera

  • Pricing quoted annually by default, with monthly billing costing roughly 20% more.
  • Add-ons for extra users, entities, and support increase the effective cost beyond base plans.
  • Advanced reconciliation workflows are locked behind the top Scale tier.
  • Interface and workflow complexity may be more than very small freelance businesses need.

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

Invoicera

$50/month
  • Operate$50/month
    • 1 entity
    • 3,000 invoices/year
    • 5 users
  • Grow$125/month
    • 3 entities
    • 12,000 invoices/year
    • 10 users
  • Scale$250/month
    • 10 entities
    • 48,000 invoices/year
    • 20 users
  • Enterprise$undefined/mo
    • Custom entities and limits
    • Implementation and dedicated account management
    • Custom integrations

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 Invoicera if

  • You need multi-entity billing.
  • You work on web.
  • You also want recurring invoices.
Invoicera 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 Invoicera or Wave better?
Neither clearly leads. Invoicera starts at $50/month and Wave at Free, and user ratings are close enough to be indistinguishable. Choose on capability and platform support.
Which is cheaper, Invoicera or Wave?
Wave has a free tier; the other does not. Paid plans start at $50/month for Invoicera and Free for Wave.
Does Invoicera or Wave run on more platforms?
Invoicera 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. Invoicera starts at $50/month.
What is Invoicera best used for?
Invoicera is most often used for businesses managing invoicing across multiple legal entities, organizations requiring multi-step invoice approval, agencies billing clients by project milestones or time, companies needing a self-service client billing portal. Of those, businesses managing invoicing across multiple legal entities and organizations requiring multi-step invoice approval are not what Wave is typically brought in for.
What can Invoicera do that Wave cannot?
Invoicera covers Multi-entity billing, Recurring invoices, Approval workflows, Client portal. Wave covers Double-entry accounting, Invoicing, Expense tracking, Financial reporting.

Answered from the vendors’ own pages

Invoicera: What does Invoicera cost?

Invoicera has four tiers: Operate at $600/year, Grow at $1,500/year, Scale at $3,000/year, and a custom-priced Enterprise plan, with monthly billing costing about 20% more.

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
Invoicera: Is there a free trial?

Yes, Invoicera offers a 14-day free trial of its Grow plan with no credit card required.

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
Invoicera: Can I add more users or entities to my plan?

Yes, add-ons are available including 5-packs of additional users, extra entities, priority support, and an integration operations pack.

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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