Square Invoices vs Wave

Square Invoices vs Wave

Making the best business invoicing choice requires knowing how Square Invoices and Wave differ in terms of features, costs and target markets.

Wave and Square Invoices both provide free plans. Wave offers a more reasonably priced Starter and Pro plan at $9.50/month while Square offers a Plus plan at $49/month with custom Premium pricing. The two platforms charge different fees for processing payments.

With features for project-based billing, creating custom reports and managing expenses, Square Invoices is a powerful billing solution for expanding companies. Wave integrates Driversnote to provide thorough mileage and expense tracking. Both platforms lack integrated time tracking capabilities but they do support basic invoicing features.

Wave provides fewer options than Square Invoices which offers better payment gateway integration and supports credit cards, Apple Pay, Google Pay, Cash App Pay, ACH bank transfers and Afterpay. QuickBooks Online, Xero, FreshBooks, BlueCamroo, Zapier and Customer Directory systems are all integrated with Square.

Both Square Invoices and Wave are straightforward platforms with user-friendly mobile apps and interfaces that provide excellent customer service via email, chat and phone.

Wave provides cost-effectiveness, expense management, support for multiple currencies and integrated mileage tracking for global enterprises while Square Invoices provides a project-based billing system, custom reporting and payment gateway assistance.

Choose Square Invoices based on the complexity and needs of your business. Square Invoices serves expanding companies with complicated needs while Wave provides basic features at a reasonable cost.

Side-by-Side Comparison

Square Invoices Wave
Core Features
Custom Templates Yes Multiple customizable invoice templates available
Send Estimates/Quotations Yes Yes
Recurring Billing Automation Yes Yes
Expense Tracking Limited Yes
Time Tracking No 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 Yes
File Uploads Yes Yes
Pricing and Plans
Free Plan Availability Yes Yes
Pricing Range Free: $0/month
Plus: $49/month
Premium: $149/month
Starter: $0/month
Pro: $9.50/month
Trial Period No No trial (free plan available)
User Limits No strict limits Unlimited
Client Limits Unlimited Unlimited
Storage Limits Unlimited cloud storage 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 Yes
Mobile App Availability Yes Available for iOS and Android
Mobile App Functionality Full functionality – Create, send invoices, accept payments Invoicing and payment management
Integration
Payment Gateways Supported Credit cards, Apple Pay, Google Pay, Cash App Pay, ACH, Afterpay Credit card, bank transfer, ACH payments
Accounting Software Compatibility QuickBooks Online, Xero integration QuickBooks, FreshBooks, spreadsheets, export options
CRM Integration Customer Directory system built-in BlueCamroo, CRMs via Zapier, API for custom integrations
API Availability Yes Yes
Reporting & Analytics
Bank Connections Yes Yes
Pre-Built Financial Reports Yes 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 Phone, Chat, Email Email, Chat
Help Center/Knowledge Base Yes Yes
24/7 Support Partial – 24/7 for premium users No
Adaptability
Multi-Currency Support No Yes
Localization English English
Industry-Specific Customization Yes Yes
Scalability Freelancers to Small/Medium Businesses Freelancers to Small Businesses
Read Square Invoices Review Read Wave Review
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