Invoice Ninja vs Wave
A detailed comparison of Invoice Ninja and Wave to help you choose the right tool for your needs.
Invoice Ninja
Free invoicing and time tracking for freelancers and small businesses.
💰 Pricing Comparison
| Plan | Invoice Ninja | Wave |
|---|---|---|
| Free Tier | ✓ Free (self-hosted) | ✓ Free accounting and invoicing |
| Lowest Paid | $10/mo (cloud) | Free |
| Enterprise | $14/mo | Paid payroll available |
⚡ Feature Comparison
| Feature | Invoice Ninja | Wave |
|---|---|---|
| Invoicing | ✓ | ✓ |
| Time tracking | ✓ | — |
| Expense tracking | ✓ | — |
| Project management | ✓ | — |
| Payment processing | ✓ | — |
| Client portal | ✓ | — |
| Proposals | ✓ | — |
| Recurring invoices | ✓ | — |
| Multi-company | ✓ | — |
| API | ✓ | — |
| Accounting | — | ✓ |
| Receipt scanning | — | ✓ |
| Financial reports | — | ✓ |
| Bank connections | — | ✓ |
| Payments | — | ✓ |
| Payroll (paid) | — | ✓ |
| Multi-currency | — | ✓ |
| Dashboard | — | ✓ |
| Mobile app | — | ✓ |
| Open Source | ✓ | ✗ |
| Rating | ⭐ 4.2 | ⭐ 4 |
Pros & Cons
Invoice Ninja
Pros
- ✓ Free self-hosted
- ✓ Open source
- ✓ Feature-rich
- ✓ Good for freelancers
Cons
- ✗ Self-hosting required for free
- ✗ Complex setup
- ✗ Limited accounting features
- ✗ UI could be better
Wave
Pros
- ✓ Completely free
- ✓ Easy to use
- ✓ Good for basics
- ✓ Receipt scanning
Cons
- ✗ Limited features
- ✗ No inventory
- ✗ No time tracking
- ✗ Basic reporting
🏆 The Verdict
Choose Invoice Ninja if: You need freelancers and agencies wanting free invoicing. Invoice Ninja excels with its free self-hosted and open source.
Choose Wave if: You need freelancers and micro-businesses wanting free accounting. Wave stands out with its completely free and easy to use.
Best free option: Both Invoice Ninja and Wave offer free tiers. Invoice Ninja offers "Free (self-hosted)" while Wave offers "Free accounting and invoicing".
❓ Frequently Asked Questions
Is Invoice Ninja better than Wave?
It depends on your needs. Invoice Ninja is better for freelancers and agencies wanting free invoicing, while Wave is better for freelancers and micro-businesses wanting free accounting. Both are excellent tools rated 4.2 and 4 respectively.
Which is cheaper, Invoice Ninja or Wave?
Invoice Ninja starts at $10/mo (cloud) while Wave starts at Free. Both offer free tiers.
Can I switch from Invoice Ninja to Wave?
Most tools offer import/export features to help you migrate. We recommend trying Wave's free tier before fully committing to a switch.
💰 Stop Overpaying for SaaS
Join smart professionals who receive our weekly roundup of the best SaaS deals, free alternatives, and money-saving tips.
Free forever. Unsubscribe anytime. No spam.