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.
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 |