Free Forever
Free
Unlimited invoicing
Unlimited expense tracking
Receipt scanning
Financial reporting
Bank connections
Double-entry accounting
Wave is a completely free accounting and invoicing platform for small businesses and freelancers. It offers unlimited invoicing, expense tracking, and financial reporting with no monthly fees. Revenue comes from optional paid services like payment processing and payroll.
Wave is a completely free accounting and invoicing platform for small businesses and freelancers. It offers unlimited invoicing, expense tracking, and financial reporting with no monthly fees. Revenue comes from optional paid services like payment processing and payroll.
North American freelancers and micro-businesses with simple accounting needs
Business Size:
freelancerIndustries:
Geography:
AI-Powered
UK Compliance
VAT Support
CIS Support
Automation
Mobile App
API Access
Custom Templates
Multi-Currency
Batch Processing
Unlimited invoicing
Unlimited expense tracking
Receipt scanning
Financial reporting
Bank connections
Double-entry accounting
All Free features
Automated workflows
Recurring invoices automation
Email support
2.9% + $0.60 per card payment, 1% for bank payments ($1.50 min)
Completely free forever - no forced upgrades
Unlimited invoicing and expenses
Simple, clean interface
Great for North American freelancers
Good mobile app
Receipt scanning included
No monthly fees ever
No UK compliance (no VAT, no CIS, no MTD)
US/Canada focused - poor for UK businesses
No AI-powered invoice extraction
2.9% payment processing fees (expensive)
Very limited automation on free plan
No API access
Customer support only for paid customers
Not suitable for UK tax requirements
Overall Rating
Trustpilot
G2
Capterra
"Perfect for freelancers just starting out"
"Love that it's truly free"
"Payment processing fees are high"
"Not good for UK businesses - missing VAT features"
Automated invoice parsing and data extraction with 99% accuracy. No manual data entry required.
Process invoices in under 5 seconds vs 5-10 minutes manual entry. Save hours every week.
Built-in VAT, CIS, and HMRC compliance. Designed specifically for UK small businesses.
All data stored in UK data centers. GDPR compliant with UK-based support team.
Elektroluma built for UK market with VAT and CIS compliance
AI-powered invoice extraction - Wave is manual only
Trade-specific features (Gas Safe, NICEIC, CIS)
Mobile app designed for UK tradespeople
Lower payment processing fees
UK support team
Wave doesn't work for UK businesses due to missing VAT/MTD features. Migrate to Elektroluma for £29/mo to get UK compliance plus AI automation.
Chennai, India / Austin, USA
Free invoicing tool from Zoho Corporation
Freemium model
Multi-currency
Full automation
Full API access
Batch processing
Starting at:
Free TierToronto, Canada
Accounting software with invoicing - £15/mo
Subscription model
Multi-currency
Full automation
Full API access
Starting at:
GBP 15/moBrighton, UK
UK accounting with invoicing - £27/mo
Subscription model
UK Compliance
Full automation
Starting at:
GBP 27/mo