FreeAgent vs Wave

June 04, 2023 | Author: Michael Stromann
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FreeAgent
FreeAgent is accounting software for small businesses and freelancers, recommended by 99.5% of our users. From expenses and time tracking, to estimates and invoices, FreeAgent helps you take care of business day-to-day. Keep track of your cash flow and project profitability, and see who owes you money on your FreeAgent overview screen. No need to sweat. Set up and configure multiple sales tax rates for your country and the countries you do business with.
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Wave
Half a million customers use Wave's online small business software to do their invoicing, accounting and payroll. Smart cloud apps for smart business owners. Wave makes it easy to be your own boss. Just do what you're good at, and lean on Wave's smart online software for help with invoicing, accounting and payroll.
FreeAgent and Wave are both popular cloud-based accounting software solutions, but they differ in their features, target markets, and pricing models.

FreeAgent is designed for small businesses, freelancers, and self-employed individuals. It offers features for invoicing, expense tracking, bank reconciliation, tax calculations, and project management. FreeAgent focuses on simplifying accounting tasks and providing intuitive tools for managing finances and staying compliant with tax regulations. It offers a user-friendly interface and is particularly suitable for businesses with straightforward accounting needs.

Wave, on the other hand, is a free accounting software solution targeted towards small businesses and freelancers. It provides features for invoicing, expense tracking, bank reconciliation, and basic financial reporting. Wave aims to offer essential accounting functionalities without any subscription fees, making it an attractive choice for businesses on a tight budget.

See also: Top 10 Online Accounting software
FreeAgent vs Wave in our news:

2015. Cloud accounting service for freelancers FreeAgent raises $5M



The UK-based cloud accounting software for freelancers and micro-businesses, FreeAgent, has secured $5 million in funding. FreeAgent was founded in 2007 out of the frustration faced by small businesses and freelancers in managing their company finances, which was often deemed challenging. This funding news arrives at a time when the UK's cloud-based accounting software market presents opportunities for further consolidation. In 2013, Iris acquired KashFlow for an estimated £20 million, leaving several accounting SaaS startups available. These include Clearbooks and Crunch, with Crunch also targeting freelancers and micro-businesses while offering an accountant-inclusive model.

Author: Michael Stromann
Michael is an expert in IT Service Management, IT Security and software development. With his extensive experience as a software developer and active involvement in multiple ERP implementation projects, Michael brings a wealth of practical knowledge to his writings. Having previously worked at SAP, he has honed his expertise and gained a deep understanding of software development and implementation processes. Currently, as a freelance developer, Michael continues to contribute to the IT community by sharing his insights through guest articles published on several IT portals. You can contact Michael by email stromann@liventerprise.com