Invoicely vs Wave

Invoicely vs Wave

It is essential to comprehend the distinctions between Invoicely and Wave when choosing an invoicing platform because both provide free plans and accommodate various business requirements and stages of development.

Basic, Professional and Enterprise plans are the next in line after Invoicely’s free plan for one user and three clients. Wave provides a more straightforward, free Starter plan that allows for an infinite number of users and clients and transparent processing fees for payments.

Basic invoicing features like expense tracking, recurring billing automation, customizable templates and automated payment reminders are provided by both Invoicely and Wave. However, Wave needs to be integrated with Driversnote and Invoicely has built-in time tracking.

Compared to Invoicely’s restricted API access and payment gateways, Wave provides better integration capabilities with API availability, accounting software compatibility and CRM integrations. In order to import transactions automatically, it also offers direct bank connectivity.

Both platforms place an emphasis on ease of use with user-friendly mobile apps and interfaces. Wave supports chat and email while Invoicely is limited to iOS.

Wave provides a free plan, excellent integration, bank connectivity and extensive financial management features, while Invoicely is appropriate for independent contractors and small businesses with time tracking requirements. Whether to prioritize financial integration or time tracking will determine the decision.

Side-by-Side Comparison

Invoicely Wave
Core Features
Custom Templates Multiple customizable templates Multiple customizable invoice templates available
Send Estimates/Quotations Yes Yes
Recurring Billing Automation Yes Yes
Expense Tracking Yes Yes
Time Tracking Yes No
Mileage Tracking Yes Yes, available through Driversnote integration
Automated Payment Reminders Yes Yes
Project-Based Billing No No
Tax Handling Yes Yes (basic tax support)
User Permissions/Role Management Limited Yes
File Uploads Yes Yes
Pricing and Plans
Free Plan Availability Yes Yes
Pricing Range Free:$0/month
Basic: $9.99/month
Professional: $19.99/month
Enterprise: $29/month
Starter: $0/month, Pro: $16/month
Trial Period No trial (free plan available) No trial (free plan available)
User Limits Free: 1 user
Basic: Up to 2 users
Professional: Up to 10 users
Enterprise: Up to 25 users
Unlimited
Client Limits Free: 3 clients
Basic: 25 clients
Professional: 100 clients
Enterprise: Unlimited clients
Unlimited
Storage Limits Not mentioned Yes (via Driversnote integration)
Payment Processing Fees Varies by payment gateway Starter: 2.9% + $0.60
Pro: 2.9% + $0 (first 10), then 2.9% + $0.60
Ease of Use
User Interface Simple Simple
Onboarding Experience Yes, basic guides Yes
Mobile App Availability iOS iOS and Android
Mobile App Functionality Basic invoicing and payment management Invoicing and payment management
Integration
Payment Gateways Supported PayPal, Stripe, and other major gateways Credit card, bank transfer, ACH payments
Accounting Software Compatibility No QuickBooks, FreshBooks, spreadsheets, export capabilities
CRM Integration No BlueCamroo, various CRMs via Zapier
API Availability No Yes
Reporting & Analytics
Bank Connections No Yes
Pre-Built Financial Reports Yes, basic reports Yes
Custom Report Creation No No
Security & Compliance
Dashboard Metrics Yes Yes
Data Encryption Yes Yes
GDPR Compliance Yes Yes
Backup Options Automatic Automatic
Customer Support
Support Channels Email support Email, Chat
Help Center/Knowledge Base Yes Yes
24/7 Support No No
Adaptability
Multi-Currency Support Yes Yes
Localization English primarily English
Industry-Specific Customization No Yes
Scalability Freelancers to Small Businesses Freelancers to Small Businesses
Read Invoicely Review Read Wave Review
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