FreeAgent vs Wave: Accounting Comparison (2026)
FreeAgent is a stronger offering due to its more comprehensive feature set supporting tax and cash flow management, despite Wave offering a completely free tier. Wave is suitable for businesses prioritizing a no-cost invoicing solution, while FreeAgent is for businesses needing more extensive accounting tools and integrations.
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 ideal for businesses that require comprehensive accounting features, including Making Tax Digital compatibility, tax timeline management, real-time cash flow tracking, and a wider range of integrations. It is also suitable for users who value UK-based support and a mobile app for managing invoices.
When to choose Wave
Wave is ideal for small businesses or freelancers primarily needing a free solution for unlimited invoicing and estimates, along with a basic mobile app for invoicing. Businesses looking to manage cash flow in a simple dashboard and accept online payments without a monthly fee would find Wave suitable, provided they are aware of the fees for online payment processing.