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Head-to-head · Freelance Invoicing Software

Wave vs FreeAgent

  • Updated Oct 2026
  • Both researched from official sources
  • 5 checks side by side
Higher score Wave #3 in Freelance Invoicing Software 9.0/10 Free plan Free plan✓ 3 of 5 features Visit Wave
FreeAgent #5 in Freelance Invoicing Software 8.6/10 Free plan · 30-day trial Free planFree trial✓ 4 of 5 features Visit FreeAgent

Wave leads on 0 checks, FreeAgent on 0, and 5 are even. Who comes out ahead on the 5 yes/no, price and count checks where we have data for both products. The editor score weighs everything else too.

Our verdict

  • Highest scoreWave · 9.0/10
  • Free planboth
  • Free trialonly FreeAgent
  • Most featuresFreeAgent · 4 of 5

Wave scores higher on our rubric for freelance invoicing software: 9.0 against 8.6 out of 10; our editors rank them #3 and #5.

Wave is the better fit for low-cost invoicing and bookkeeping. FreeAgent is the better fit for UK freelancers needing accounting and tax tools.

  • Wave fits best

    Low-cost invoicing and bookkeeping

  • FreeAgent fits best

    UK freelancers needing accounting and tax tools

Advertiser disclosure: iTechGuides is reader-supported. Vendors can pay for top positions in our rankings and for a place on other products' pages, and we may earn a commission when you click some links. Bought places stand at the number bought; this page and our disclosure say so. Paying vendors may get a fuller, more detailed review from our editors, and that review can change their score. How we rank.

Side by side

Feature Wave 9.0/10 Visit ↗ FreeAgent 8.6/10 Visit ↗
At a glance
Editor score 9.0 8.6
Ranking #3 in Freelance Invoicing Software #5 in Freelance Invoicing Software
Best for Low-cost invoicing and bookkeeping UK freelancers needing accounting and tax tools
Pricing model Free plan + paid Free plan + paid
Starting price $190/yr £10/mo
Free plan ✓ ✓
Free trial — 30 days
Deployment Cloud, Mobile Cloud, Mobile
Platforms Web, iOS, Android Web, iOS, Android
Integrations 1 integrations 8 integrations
Features Wave 3/5 · FreeAgent 4/5
Recurring invoices ✓ ✓
Online payments ✓ ✓
Time tracking Not checked yet ✓ (best)
Expense tracking ✓ ✓
Client portal Not checked yet Not checked yet
Specs
Mobile apps Ios and android Ios and android
Our review
Pros
  • Starter includes unlimited estimates, invoices, bills, and bookkeeping records.
  • Create recurring invoices and accept online credit-card or bank payments.
  • Pro adds bank imports, expense tracking, receipt capture, and payment reminders.
  • Automates invoice reminders and supports recurring billing
  • Combines time, expenses, projects, bank feeds and reports
  • Submits VAT and Self Assessment returns directly to HMRC
Cons
  • Online payments are optional and carry transaction fees.
  • The listed integration is limited to Plaid.
  • The reviewed product details do not include time tracking or a dedicated client portal.
  • Free plan eligibility depends on specified banking relationships
  • Paid monthly plans range from £10 to £33, excluding VAT
  • No dedicated native client portal
Our verdict

Wave combines invoicing with bookkeeping for small-business owners, including freelancers and contractors. It supports creating and sending invoices and estimates, tracking customers and payments, accepting online payments, and maintaining…

Read the review →

FreeAgent is online accounting software for freelancers, contractors and small businesses, with invoicing at its core and tools for managing the work around it. Users can send invoices with automated payment reminders, set up recurring…

Read the review →
  1. WaveFreelance Invoicing Software 9.0Free plan
  2. FreeAgentFreelance Invoicing Software 8.6Free plan · 30-day trial

Strengths and trade-offs

  • Wave — where it wins

    • Starter includes unlimited estimates, invoices, bills, and bookkeeping records.
    • Create recurring invoices and accept online credit-card or bank payments.
    • Pro adds bank imports, expense tracking, receipt capture, and payment reminders.

    Where it doesn't

    • Online payments are optional and carry transaction fees.
    • The listed integration is limited to Plaid.
    • The reviewed product details do not include time tracking or a dedicated client portal.

  • FreeAgent — where it wins

    • Automates invoice reminders and supports recurring billing
    • Combines time, expenses, projects, bank feeds and reports
    • Submits VAT and Self Assessment returns directly to HMRC

    Where it doesn't

    • Free plan eligibility depends on specified banking relationships
    • Paid monthly plans range from £10 to £33, excluding VAT
    • No dedicated native client portal
  • Wave9.0/10 · Free plan

    Free invoicing with paid automation for payments, bank transactions, and expenses.

    Visit WaveFull verdict →
  • FreeAgent8.6/10 · Free plan · 30-day trial

    A UK-focused invoicing and accounting package with tax workflows and mobile apps.

    Visit FreeAgentFull verdict →

More comparisons

All freelance invoicing software comparisons → · Full ranking →

Reviewed by iTechGuides Editors · Editorial team · Updated Oct 2026

Last updated · How we research and update