FreeAgent
8.2#1 in accounting apisFree planFree planAndroidiOSWebAPI
VisitFreeAgent vs Wave
What both publish
| Fact | FreeAgent | Wave |
|---|---|---|
| Accounting | FreeAgent automatically builds real-time business accounts from bank statements, invoices and expenses, and provides reports including Profit and Loss, Balance Sheet and Trial Balance. | Wave uses double-entry accounting and provides income, expense, cash-flow, profit-and-loss and balance-sheet reporting. |
| API | The public API is HTTPS REST-style, uses OAuth 2.0, accepts JSON and XML, and supports GET, POST, PUT and DELETE methods. | Wave provides an API with application creation, endpoint documentation, query and mutation examples, a playground and webhooks. |
| Documentation and support | FreeAgent provides a 24/7 Knowledge Base plus UK-based support accountants through live chat, email and phone. | Wave offers a developer portal, help center, email support and live-person chat for Pro or qualifying paid features. |
| Founded | 2007 | 2010 |
| Free plan | Yes | Yes |
| Headquarters | Edinburgh, Scotland, UK | Toronto, Ontario, Canada |
| Integrations | Supported connections include Open Banking feeds, HMRC, Stripe, PayPal, GoCardless, Basecamp and many listed integration partners. | Wave Pro lists integrations including Etsy, Driversnote, GoHighLevel, Google Sheets and Make.com. |
| Invoicing | Users can create recurring invoices, automate late-payment reminders, convert estimates into invoices, and accept invoice payments through Stripe and PayPal. | Users can create unlimited professional invoices and estimates, send them online, track status and accept card or bank payments. |
| Licence | The service is supplied under a non-exclusive, non-transferable licence rather than as source code for customer modification or redistribution. | Wave API use is governed by Wave terms of service; the reviewed pages do not identify an open-source licence. |
| Mobile app | FreeAgent offers iOS and Android apps for tasks including expense recording, time tracking, invoice management and bank transaction reconciliation. | The mobile app supports invoices, estimates, receipt scanning, dashboards and paid mobile accounting transactions. |
| Praise: ease of use | Independent reviewers repeatedly praise the clean interface, straightforward invoicing, easy bank reconciliation and suitability for non-accountants. | G2 reviewers repeatedly praise Wave as user-friendly, especially for non-accountants. |
| Rating on Apple App Store | 4.8 out of 5 from 14K ratings. | 4.4 out of 5 from 6.7K ratings |
FreeAgent plans
- Sole trader£10 a month
- Partnership or LLP£19 a month
- Limited company£33 a month
- FreeFree
- Bank-account-funded accountFree
- Eligible bank-account planFree
Wave plans
- StarterFree
- Receipts$8 a month
- Pro$19 a month
- Pro Plan$19 a month
- Receipts$72 a year
- Wave Advisors$149 a month
Pick FreeAgent if…
FreeAgent is aimed at small businesses, accountants, and bookkeepers managing accounts, invoices, expenses, or tax tasks. Its mobile apps may suit users who want to record expenses, track time, or manage invoices on iOS or Android.
Pick Wave if…
Wave suits businesses that need invoicing, payment collection, customer records, and connected bookkeeping. Its Starter plan is aimed at people starting a business or seeking basic features.