Wave vs FreshBooks

Two accounting tools side by side. Prices are the starting plan a small business would pick, in USD.

Compare	WaveH&R Block	FreshBooksFreshBooks
In one line	Free double-entry accounting and invoicing	Invoicing and time tracking for service businesses
Starting price	Free	From $23/mo + $11/extra person
Six-person team	$0/mo	$23/mo
Plans	Free (bank transactions entered by hand); Pro $19/mo or $190/yr adds automatic bank imports and receipt capture; cards 2.9% + 60¢	Lite $23/mo (5 clients); Plus $43/mo (50 clients); Premium $70/mo (unlimited clients); the same billed yearly; first-year discounts common (Lite was $1/mo for the first year when checked); team members $11/mo each
Pricing model	Free tier	Free trial
Free trial	—	30 days
Users	1 on free plan	1 included
Both connect to	No shared connections on record.
Also connects to	Helcim, Shoeboxed, Wave Payroll, Wise Business15+ listed by the vendor	Gusto, Squarespace Commerce, Stripe Invoicing, Novo, Ecwid, Payoneer Workforce Management100+ listed by the vendor
Team size	Just me · 2–10 people	Just me · 2–10 people
Available in	US · CA	US · UK · CA · AU
Phone support	None listed	Plans not stated; Select only
Live chat	Plans not stated	Every plan
Support hours	Live chat: Monday to Friday from 9 AM to 5 PM Eastern, Monday to Friday from 9 AM to 4:45 PM Eastern	Phone: office hours · Live chat: 24/7
Incidents posted	5 incidents posted on H&R Block's status page, which covers all H&R Block products and regions, in the 90 days to Oct 27, 2026; 1 marked major or critical by H&R Block. Status page	4 incidents posted on FreshBooks's status page, which covers all FreshBooks products and regions, in the 90 days to Oct 27, 2026; 0 marked major or critical by FreshBooks. Status page
Capterra score	4.4 / 5 from 1,731 reviews	4.5 / 5 from 4,529 reviews
Trustpilot score	3.1 / 5 from 558 reviews	3.8 / 5 from 1,051 reviews
Fit: Retail shop	71	58
Fit: Restaurant or café	60	40
Fit: Service business	85	90
Fit: Agency or studio	70	88
Fit: Trades or contractor	75	80
Fit: Online store	55	45
Why people pick it	Free core product Simple invoicing	Best-looking invoices Time tracking built in
Where it falls short	No inventory or job costing Bank connections now behind Pro	Per-user fees Client caps on lower plans
	Visit Wave ↗	Visit FreshBooks ↗

Six-person prices are what a team of six would pay on the published plans; "Not listed" means those plans don't cover six. How we calculate prices

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