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FreshBooks logo
FreshBooks
FreshBooks
QuickBooks Online logo
Xero logo
Xero
Xero
Wave logo
Wave
Wave
Head-to-head in this comparison
Advantages
Only one here with Quotes & proposals
Vendor is publicly listed — audited financial disclosure
Largest vendor (18,800 employees)
Longest track record — vendor founded 1983
Only one here with Webhooks
Vendor is publicly listed — audited financial disclosure
Free plan available
Lowest starting price here ($16 / month)
Drawbacks
Lacks Role-based access, Audit log, Workflow automation +2 more — offered by others here
No free plan
No public adoption figures
Smallest vendor (500 employees) — check support capacity
No free plan
No public adoption figures
Highest starting price here ($35 / month)
Lacks Time tracking — offered by others here
No free plan
Lacks API access, Two-factor authentication, Multi-currency +7 more — offered by others here
No public adoption figures
Narrowest feature scope (7)
Least established — vendor founded 2010
Editorial assessment
Strengths
Very easy invoicing for service businesses
Built-in time tracking and project billing
Responsive customer support
Large ecosystem of apps and accountants
Strong bank feeds and reconciliation
Covers invoicing, expenses and reporting well
Unlimited users on all plans
Clean interface with strong bank reconciliation
Large marketplace of integrations
Free core invoicing and accounting
Simple setup for freelancers
Integrated online payments
Considerations
Limited inventory and advanced accounting features
Client limits on lower plans
Extra team members cost more
Costs rise as you move to higher tiers
User limits on lower plans
Mainly tailored to US accounting practices
Lower plans limit invoice and bill volume
Payroll availability depends on region
Limited features for growing businesses
Few third-party integrations
Support options are limited on the free plan
Product & company facts
Deloitte alliance ✕ ✕ ✕ ✕
Rating — — — —
Starting price $21 / month $35 / month $20 / month $16 / month
Pricing model Subscription Subscription Subscription Freemium
Free plan ✕ ✕ ✕ ✓
Free trial ✓ ✓ ✓ ✓
Open source ✕ ✕ ✕ ✕
Deployment Cloud (SaaS) Cloud (SaaS) Cloud (SaaS) Cloud (SaaS)
Platforms Web, iOS, Android Web, iOS, Android Web, iOS, Android Web, iOS, Android
Turkish interface ✕ ✕ ✕ ✕
Target size Freelancer, Small business Freelancer, Small business, Mid-market Freelancer, Small business, Mid-market Freelancer, Small business
Industries served — — — —
Active users — — — —
Customers — — 4.4M —
Vendor employees 500 18,800 4,500 —
Headquarters Toronto, CA Mountain View, CA, US Wellington, NZ Toronto, CA
Founded 2003 1983 2006 2010
Categories Accounting, Invoicing & Billing Accounting, Invoicing & Billing Accounting, Invoicing & Billing Accounting, Invoicing & Billing
Features
AI features — ✓ ✓ —
Workflow automation — ✓ ✓ —
Bank integration ✓ ✓ ✓ ✓
Expense tracking ✓ ✓ ✓ ✓
Multi-currency ✓ ✓ ✓ —
Online payments ✓ ✓ ✓ ✓
Recurring billing ✓ ✓ ✓ ✓
API access ✓ ✓ ✓ —
Integrations marketplace ✓ ✓ ✓ —
Webhooks — — ✓ —
Inventory tracking — ✓ ✓ —
Mobile app ✓ ✓ ✓ ✓
Time tracking ✓ ✓ — —
Custom reports ✓ ✓ ✓ ✓
Dashboards ✓ ✓ ✓ ✓
Quotes & proposals ✓ — — —
Audit log — ✓ ✓ —
Role-based access — ✓ ✓ —
Two-factor authentication ✓ ✓ ✓ —

Feature marks are based on our curated data; “—” means not verified, not necessarily missing. Head-to-head points are derived from this data relative to the selected products; editorial points are curated summaries.

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