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Professional Services · head to head

Toggl Track vs Wave

Toggl Track logo

Toggl Track

Professional Services

Time tracking that's easy, powerful, and frictionless

From
Free
Rated
-
Full reviewWebsite
Wave logo

Wave

Professional Services

Financial software for small businesses

From
Free
Rated
-
Full reviewWebsite

The short version

  • Each has a real cost: Toggl Track no native invoicing or billing generation despite having billable rates feature; Wave automatic bank transaction import and receipt scanning require the Pro plan at $19 a month
  • They diverge on capability: Toggl Track covers One-click time tracking, Wave covers Double-entry accounting.
  • Prices and features above were last checked on 30 August 2026.

Where they differ

Only the attributes on which Toggl Track and Wave actually diverge.

Attributes where Toggl Track and Wave differ
AttributeToggl TrackWave
Pricing modelUnknownfreemium
PlatformsWeb, iOS, Android, Windows, macOSWeb, Ios, Android
Founded20062010

Identical on both: starting price (Free), free tier (Yes), user rating (Not yet rated), category (Professional Services).

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 Toggl Track

  • One-click time tracking
  • Manual time entry
  • Billable hours tracking
  • Project & client tracking
  • Detailed reports
  • Team timesheets
  • Browser extensions
  • Offline tracking

Only in Wave

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

Both cover

  • 2FA

What people use each for

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

Toggl Track

  • Billable hours trackingnot Wave
  • Project time managementnot Wave
  • Team productivity analysisnot Wave
  • Client reportingnot Wave
  • Payroll processingnot Wave

Wave

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

Where each one falls short

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

Toggl Track

  • No native invoicing or billing generation despite having billable rates feature
  • No payroll integration, requiring manual data export to payroll systems
  • No GPS tracking or shift scheduling for field teams
  • Anti-surveillance policy limits manager visibility in certain work scenarios

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

Toggl Track

Free
  • FreeFree
    • Up to 5 users
    • Unlimited time tracking
    • Unlimited projects
  • Starter$9/month
    • Billable rates
    • Project estimates
    • Saved reports
  • Premium$18/month
    • Team approvals
    • Profitability reports
    • Project budgets

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 Toggl Track if

  • You need one-click time tracking.
  • You want to start without paying.
  • You work on Web, iOS, Android, Windows, macOS.
  • You also want manual time entry.
Toggl Track 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 Toggl Track or Wave better?
Neither clearly leads. Toggl Track starts at Free and Wave at Free, and user ratings are close enough to be indistinguishable. Choose on capability and platform support.
Which is cheaper, Toggl Track or Wave?
Toggl Track starts at Free and Wave at Free.
Does Toggl Track or Wave run on more platforms?
Toggl Track runs on Web, iOS, Android, Windows, macOS. Wave runs on Web, Ios, Android.
Can I use Toggl Track for free?
Both have a free tier, so you can try either at no cost before committing.
What is Toggl Track best used for?
Toggl Track is most often used for billable hours tracking, project time management, team productivity analysis, client reporting. Of those, billable hours tracking and project time management are not what Wave is typically brought in for.
What can Toggl Track do that Wave cannot?
Toggl Track covers One-click time tracking, Manual time entry, Billable hours tracking, Project & client tracking. Wave covers Double-entry accounting, Invoicing, Expense tracking, Financial reporting. Both handle 2FA.

Answered from the vendors’ own pages

Toggl Track: Does Toggl Track offer a free plan?

Yes, Toggl Track has a permanent free plan supporting up to 5 users with unlimited time tracking, unlimited projects, autotracker, idle detection, Pomodoro timer, calendar integration, and 100+ integrations.

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
Toggl Track: Can I track time offline with Toggl Track?

Yes, Toggl Track supports offline tracking on both mobile apps and desktop app. Entries are stored locally and sync automatically when reconnected to the internet.

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
Toggl Track: Does Toggl Track integrate with invoicing software?

Toggl Track integrates with QuickBooks Online and Xero for accounting, but lacks native invoicing capabilities. Users must export hours to create invoices manually.

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
Toggl Track: What platforms does Toggl Track support?

Toggl Track runs on Web, iOS, Android, Windows, and macOS with browser extensions for Chrome, Firefox, and Edge.

Source
Toggl Track: How much does Toggl Track cost for a team?

Toggl Track pricing is $9 per user per month (annual) for Starter plan or $18 per user per month for Premium. Free plan supports up to 5 users.

Source
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