Wave and Invoice2go are premium-focused invoicing platforms with strong features but they have different target markets, pricing policies and accessibility for various business requirements.
Important invoicing features like estimates, recurring billing automation and personalized templates are provided by Invoice2go and Wave. While Wave concentrates on accounting basics with features available in their free tier, Invoice2go excels in business management with time tracking and project-based billing.
Wave offers a free plan with basic invoicing features while Invoice2go offers a premium model with monthly plans ranging from $5.99 to $39.99. With 2.9% + $0.60 for the free plan and 2.9% with no fees for Pro users, Wave also provides reduced payment processing fees.
Strong integration ecosystems are provided by Invoice2go and Wave which support custom API integration for development requirements and offer direct QuickBooks and Xero integration, CRM connectivity and banking connections.
Invoice2go limits advanced reports to Professional and Premium tiers whereas Wave provides a comprehensive reporting experience with pre-built financial reports on the free plan.
Both platforms provide strong security features but Wave relies on email and chat support while Invoice2go offers round-the-clock phone support.
Wave targets small businesses and places more emphasis on cost-effectiveness than sophisticated features while Invoice2go serves freelancers and medium-sized businesses by providing time tracking and project management.
Depending on budget, feature need and business complexity, Invoice2go and Wave provide comprehensive features and expert support respectively to well-established service businesses and frugal entrepreneurs.
| Invoice2go | Wave | |
|---|---|---|
| Core Features | ||
| Custom Templates | Multiple customizable templates with logo design | Multiple customizable invoice templates available |
| Send Estimates/Quotations | Yes | Yes |
| Recurring Billing Automation | Yes (Premium plan only) | Yes |
| Expense Tracking | Yes | Yes |
| Time Tracking | Yes | No |
| Mileage Tracking | No | Yes, available through Driversnote integration |
| Automated Payment Reminders | Yes | Yes |
| Project-Based Billing | Yes | No |
| Tax Handling | Yes | Yes (basic tax support) |
| User Permissions/Role Management | Yes (unlimited team members) | Yes |
| File Uploads | Yes | Yes |
| Pricing and Plans | ||
| Free Plan Availability | No (30-day free trial only) | Yes |
| Pricing Range | Starter: $5.99/month Professional: $9.99/month Premium: $39.99/month |
Starter: $0/month Pro: $16/month |
| Trial Period | 30 days free trial | No trial (free plan available) |
| User Limits | Unlimited team members on all plans | Unlimited |
| Client Limits | Unlimited on all plans | Unlimited |
| Storage Limits | Not specified | Yes (via Driversnote integration) |
| Payment Processing Fees | Starter: 3.5% Professional: 3.0% Premium: 2.9% + $0.30 |
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 | Yes |
| Mobile App Availability | Both iOS and Android | Available for iOS and Android |
| Mobile App Functionality | Full invoicing, time tracking, payment management | Invoicing and payment management |
| Integration | ||
| Payment Gateways Supported | Stripe, PayPal, Square, credit/debit cards | Credit card, bank transfer, ACH payments |
| Accounting Software Compatibility | QuickBooks, Xero integration (Professional and Premium) | QuickBooks, FreshBooks, spreadsheets, export capabilities for other software |
| CRM Integration | HubSpot CRM, HaystackCRM | BlueCamroo, various CRMs via Zapier, API available for custom integrations |
| API Availability | Yes | Yes |
| Reporting & Analytics | ||
| Bank Connections | Yes (Invoice2go Money Banking) | Yes |
| Pre-Built Financial Reports | Yes (Advanced reports on Professional and Premium) | Yes |
| Custom Report Creation | Yes | No |
| Security & Compliance | ||
| Dashboard Metrics | Yes | Yes |
| Data Encryption | Yes | Yes |
| GDPR Compliance | Yes | Yes |
| Backup Options | Automatic | Automatic |
| Customer Support | ||
| Support Channels | Email, Phone (Premium plan) | Email, Chat |
| Help Center/Knowledge Base | Yes | Yes |
| 24/7 Support | 24-hour support Mon–Sat (Premium plan) | No |
| Adaptability | ||
| Multi-Currency Support | Yes | Yes |
| Localization | Yes | English |
| Industry-Specific Customization | Yes | Yes |
| Scalability | Freelancers to Medium Businesses | Freelancers to Small Businesses |
| Read Invoice2go Review | Read Wave Review |
