Invosi vs Wave
Wave gives you free invoicing plus bookkeeping — but payments take 2.9% + 30¢, multi-currency is missing, and reminders are a paid add-on. Here's how Invosi compares.
| Feature | InvosiFrom $5/mo · 7-day free trial | Wave$0/mo · Pro $19/mo |
|---|---|---|
| Starting price | $5/mo (Starter) | $0/mo (free forever) |
| Multi-currency | USD, EUR, GBP, AUD | |
| VAT / tax handling | Per-region VAT built in | Sales tax (US/Canada only) |
| Automated reminders | Wave Pro only ($19/mo) | |
| Recurring invoices | Wave Pro only ($19/mo) | |
| Card processing fees | No Invosi markup (Stripe: 2.9% + 30¢) | 2.9% + 30¢ (Wave Payments) |
| Bank transfers (ACH) | 1% (ACH), with cap | |
| Accounting included | Double-entry bookkeeping, free | |
| Payroll add-on | From $25/mo (US/Canada) | |
| Mobile app | Mobile-friendly web app | iOS + Android apps |
| Best for | Freelancers who invoice across currencies & need VAT | US/Canada service businesses who want free bookkeeping + invoicing |
Competitor data verified against Wave’s public pricing page on 28 June 2026. Pricing and features change — if you spot something out of date, tell usand we’ll update it.
The short version
Choose Wave if you want free invoicing AND free double-entry bookkeeping bundled together, and you're US/Canada-based with no multi-currency needs. Choose Invosi if you invoice in multiple currencies, want VAT-correct invoices for EU/UK clients, need automated reminders without paying extra, or want a cleaner interface that does one thing well. Most freelancers who outgrow Wave do so because of the missing multi-currency and limited PDF customization.
Frequently asked
Is Wave really free?
Wave Starter (invoicing + bookkeeping) is free, no time limit. You pay only when you accept card payments (2.9% + 30¢ via Wave Payments) or upgrade to Wave Pro ($19/mo) for features like recurring billing and auto-reminders.
Does Wave support multi-currency?
No. Wave accounts operate in a single currency. If you invoice international clients in different currencies, you need multiple accounts — impractical for most freelancers. Invosi supports USD, EUR, GBP, and AUD in one account.
Does Invosi have accounting?
Invosi focuses on invoicing only — no built-in bookkeeping. If you need accounting, most users pair Invosi with Xero, FreeAgent, or QuickBooks Simple Start. This keeps Invosi fast and focused while you choose your preferred accounting tool.
Which is cheaper — Wave or Invosi?
If you only need basic invoicing in a single currency and rarely take card payments, Wave is cheaper. Once you start taking regular card payments or need multi-currency, Invosi's flat $5-12/mo typically works out cheaper than Wave Pro ($19/mo) plus processing fees.