FreeAgent vs Wave: Accounting Comparison (2026)
FreeAgent offers a wider range of features and integrations at a starting price, while Wave provides a free starting plan with more limited features, primarily focused on invoicing and cash flow management.
AI Citation Scorecard
How often each is cited by major AI engines when buyers ask accounting questions. Last 90 days across ChatGPT, Perplexity, Gemini, Claude, and Copilot.
Probes run hourly; each (engine × query) combo retests every ~3 days.
Pricing
Key Features
- ✓30-day free trial
- ✓Making Tax Digital-compatible
- ✓Mobile app for managing invoices
- ✓Automatic data extraction
- ✓Tax timeline management
- ✓Real-time cashflow tracking
- ✓UK-based support
- ✓Customizable invoicing
- ✓Unlimited invoices and estimates
- ✓Mobile app for invoicing
- ✓Manage cash flow in one dashboard
- ✓Option to accept online payments
When to choose FreeAgent
FreeAgent is suitable when features like Making Tax Digital compatibility, automatic data extraction, tax timeline management, real-time cashflow tracking, UK-based support, customizable invoicing, and integrations with services like Amazon, Stripe, and specific banks (Tyl by NatWest, Mettle, Royal Bank of Scotland, Ulster Bank) are required. It also offers a 30-day free trial. However, optional add-ons cost extra, and VAT is additional on prices. The free tier requires a business bank account.
When to choose Wave
Wave is suitable when a free starting plan for unlimited invoices and estimates, a mobile app for invoicing, and cash flow management are primary needs. It includes the option to accept online payments. However, its free plan has limited features, online payment options incur higher fees, and advanced reporting tools are not available. It does not list any specific integrations.
Frequently Asked Questions
AI visibility profiles
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