# InvoicePlane vs Wave Comparison
---
## AI Generated Summary
- **G2 reviewers report** that Wave excels in simplifying day-to-day accounting tasks, making it particularly appealing for small businesses. Users appreciate its intuitive interface, which allows for seamless expense tracking and invoicing without requiring extensive accounting knowledge.
- **Users say** that InvoicePlane offers strong customization options, allowing organizations to define custom categories and set specific pricing for services. This flexibility is highlighted by users who manage IT device billing, showcasing how the platform can adapt to unique business needs.
- **Reviewers mention** that Wave's implementation process is quick and user-friendly, with many noting that the onboarding experience is straightforward. This ease of setup is a significant advantage for small businesses looking to get started without a steep learning curve.
- **According to verified reviews** , InvoicePlane shines in its email tracking capabilities, enabling users to see when clients open invoices and make payments. This feature enhances communication and accountability, which is crucial for maintaining client relationships.
- **G2 reviewers highlight** that Wave has a higher quality of support compared to InvoicePlane, with users expressing satisfaction with the assistance they receive. This support can be vital for businesses that may encounter challenges as they navigate their accounting processes.
- **Users report** that while InvoicePlane has strong features for recurring billing and analytics, Wave's overall user satisfaction is higher, as reflected in its G2 Score. This suggests that Wave may provide a more comprehensive and satisfying experience for everyday users.



| | InvoicePlane | Wave | 
|---|---|---|
| **Star Rating** | 4.4 out of 5 | 4.3 out of 5 | 
| **Total Reviews** | 14 | 323 | 
| **Largest Market Segment** | Small-Business (92.9% of reviews) | Small-Business (94.6% of reviews) | 
| **Entry Level Price** | No pricing available | $20-$35 per month | 

---
## Top Pros & Cons

### InvoicePlane

**Not enough data**

### Wave

Pros:
- Ease of Use (11 reviews)
- Invoice Management (6 reviews)

Cons:
- Missing Features (5 reviews)
- Poor Customer Support (5 reviews)

---
## Ratings Comparison
| Rating | InvoicePlane | Wave | 
|---|---|---|
  | **Meets Requirements** | 8.3 (14 reviews) | 8.6 (259 reviews) | 
  | **Ease of Use** | 8.5 (14 reviews) | 8.9 (261 reviews) | 
  | **Ease of Setup** | Not enough data | 8.8 (131 reviews) | 
  | **Ease of Admin** | Not enough data | 8.8 (114 reviews) | 
  | **Quality of Support** | 5.3 (6 reviews) | 7.7 (171 reviews) | 
  | **Has the product been a good partner in doing business?** | Not enough data | 8.5 (106 reviews) | 
  | **Product Direction (% positive)** | 10.0 (14 reviews) | 8.0 (250 reviews) | 

---
## Pricing

### InvoicePlane

#### Entry-Level Pricing

No pricing available

#### Free Trial

No information available

### Wave

#### Entry-Level Pricing

Plan:  Pay your staff 

Price: $20-$35 per month

Description: $20/month base fee in Canada + 44 states

$35/month base fee in California, Florida, New York, Texas, Illinois & Washington

$4 additional per employee added

Key Features:
- Includes direct deposit.
- Employee portal to check pay stubs and history.
- Perfect for salaried and hourly workers, full-time or part-time.

[Browse all 3 editions](https://www.g2.com/products/wave/pricing)

#### Free Trial

Yes

---
## Features Comparison By Category

### Accounting

| Product | Score | Reviews |
|---|---|---|
| **InvoicePlane** | N/A | N/A |
| **Wave** | 7.2/10 | 92 |

#### General Ledger

| Feature | InvoicePlane | Wave | 
|---|---|---|
| **Journal Entries** | Not enough data | 8.0 (56 reviews) ✓ Verified | 
| **Tags / Dimensions** | Not enough data | 7.9 (47 reviews) ✓ Verified | 
| **Audit Trail** | Not enough data | 7.6 (47 reviews) ✓ Verified | 

#### Accounts Receivable

| Feature | InvoicePlane | Wave | 
|---|---|---|
| **Invoice Customization** | Not enough data | 8.6 (76 reviews) | 
| **AR Automation** | Not enough data | 8.1 (56 reviews) ✓ Verified | 
| **Collections Automation** | Not enough data | 8.0 (48 reviews) ✓ Verified | 

#### Accounts Payable

| Feature | InvoicePlane | Wave | 
|---|---|---|
| **AP Automation** | Not enough data | 7.8 (36 reviews) | 
| **Payment Processing** | Not enough data | 8.1 (56 reviews) ✓ Verified | 
| **Purchase Orders** | Not enough data | 7.4 (34 reviews) ✓ Verified | 

#### Other Functionality

| Feature | InvoicePlane | Wave | 
|---|---|---|
| **Inventory Tracking / Ordering** | Not enough data | 6.8 (29 reviews) ✓ Verified | 
| **Inventory Pricing and Costing** | Not enough data | 7.1 (30 reviews) ✓ Verified | 
| **Inventory Reporting** | Not enough data | 6.8 (28 reviews) | 
| **Multi-Entity / Consolidation** | Not enough data | 6.9 (31 reviews) ✓ Verified | 
| **Recognition Rules** | Not enough data | 7.1 (32 reviews) ✓ Verified | 
| **Reconciliations** | Not enough data | 7.8 (47 reviews) ✓ Verified | 
| **Payroll** | Not enough data | 6.7 (28 reviews) ✓ Verified | 
| **Time and Expense** | Not enough data | 6.8 (28 reviews) ✓ Verified | 

#### Reporting & Analytics

| Feature | InvoicePlane | Wave | 
|---|---|---|
| **Financial Statements** | Not enough data | 8.3 (78 reviews) ✓ Verified | 
| **Custom Reporting** | Not enough data | 7.8 (60 reviews) ✓ Verified | 
| **Budgeting / Forecasting** | Not enough data | 7.7 (42 reviews) ✓ Verified | 
| **Dashboards** | Not enough data | 8.5 (73 reviews) ✓ Verified | 

#### Platform

| Feature | InvoicePlane | Wave | 
|---|---|---|
| **Customization** | Not enough data | 7.3 (59 reviews) ✓ Verified | 
| **Workflow Capability** | Not enough data | 7.3 (41 reviews) ✓ Verified | 
| **User, Role, and Access Management** | Not enough data | 7.8 (54 reviews) ✓ Verified | 
| **Internationalization** | Not enough data | 7.2 (29 reviews) ✓ Verified | 
| **Performance and Reliability** | Not enough data | 8.2 (66 reviews) ✓ Verified | 
| **Output Document Generation** | Not enough data | 7.9 (53 reviews) ✓ Verified | 

#### Integration

| Feature | InvoicePlane | Wave | 
|---|---|---|
| **Data Import and Export Tools** | Not enough data | 7.7 (50 reviews) ✓ Verified | 
| **Integration APIs** | Not enough data | 7.2 (31 reviews) | 
| **Breadth of Partner Applications** | Not enough data | 6.6 (31 reviews) ✓ Verified | 

#### Cash Flow

| Feature | InvoicePlane | Wave | 
|---|---|---|
| **Track Cash Flow** | Not enough data | 8.0 (33 reviews) ✓ Verified | 
| **Income and Expenses** | Not enough data | 8.4 (37 reviews) ✓ Verified | 
| **File Exports** | Not enough data | 7.6 (28 reviews) ✓ Verified | 

#### Budgeting & Forecasting

| Feature | InvoicePlane | Wave | 
|---|---|---|
| **Budgeting / Forecasting** | Not enough data | 7.7 (42 reviews) ✓ Verified | 
| **Data Import** | Not enough data | 7.2 (25 reviews) ✓ Verified | 
| **Versioning** | Not enough data | 6.6 (17 reviews) ✓ Verified | 
| **Historical Data** | Not enough data | 7.2 (27 reviews) ✓ Verified | 

#### Revenue

| Feature | InvoicePlane | Wave | 
|---|---|---|
| **Revenue Types** | Not enough data | 7.9 (28 reviews) ✓ Verified | 
| **Revenue Allocation** | Not enough data | 7.5 (23 reviews) ✓ Verified | 
| **Scheduling** | Not enough data | 7.2 (21 reviews) | 

#### Payroll

| Feature | InvoicePlane | Wave | 
|---|---|---|
| **Direct Deposit** | Not enough data | 6.7 (20 reviews) ✓ Verified | 
| **Check/W-2 Printing** | Not enough data | 6.8 (17 reviews) | 
| **Tax Calculation** | Not enough data | 6.6 (20 reviews) ✓ Verified | 
| **Reporting and Dashboards** | Not enough data | 7.7 (25 reviews) ✓ Verified | 

#### AI

| Feature | InvoicePlane | Wave | 
|---|---|---|
| **Data Extraction** | Not enough data | 5.9 (9 reviews) | 
| **Invoice Processing** | Not enough data | 6.9 (9 reviews) | 
| **Expense Management** | Not enough data | 6.7 (10 reviews) | 
| **Fraud Detection** | Not enough data | 4.5 (7 reviews) | 
| **Tax Compliance** | Not enough data | 6.7 (8 reviews) | 
| **Support Chatbots** | Not enough data | 5.6 (8 reviews) | 
| **Bank Reconciliations** | Not enough data | 7.6 (9 reviews) | 
| **Report Generation** | Not enough data | 6.7 (8 reviews) | 
| **Customizable Alerts** | Not enough data | 6.0 (7 reviews) | 
| **Predictive Analytics** | Not enough data | 5.7 (7 reviews) | 

#### Mobile Applications - Accounting

| Feature | InvoicePlane | Wave | 
|---|---|---|
| **Cloud Integration** | Not enough data | 6.9 (9 reviews) | 
| **Notifications** | Not enough data | 7.8 (9 reviews) | 
| **UI** | Not enough data | 6.9 (9 reviews) | 
| **Offline** | Not enough data | 4.2 (6 reviews) | 
| **Expense Tracking** | Not enough data | 6.7 (8 reviews) | 
| **Invoice Management** | Not enough data | 8.3 (11 reviews) | 

#### Agentic AI - Accounting

| Feature | InvoicePlane | Wave | 
|---|---|---|
| **Autonomous Task Execution** | Not enough data | Not enough data | 

### Billing

| Product | Score | Reviews |
|---|---|---|
| **InvoicePlane** | 8.7/10 | 6 |
| **Wave** | 7.8/10 | 50 |

#### Bill Generation

| Feature | InvoicePlane | Wave | 
|---|---|---|
| **Templates** | 8.1 (6 reviews) | 7.9 (36 reviews) | 
| **Digital Billing** | 8.9 (6 reviews) | 8.3 (42 reviews) | 
| **Recurring Billing** | 9.2 (6 reviews) | 8.1 (36 reviews) | 

#### Bill Processing

| Feature | InvoicePlane | Wave | 
|---|---|---|
| **Consolidation** | 9.2 (6 reviews) | 7.6 (28 reviews) | 
| **Batch Invoicing** | 8.3 (6 reviews) | 7.7 (27 reviews) | 
| **Management** | 8.9 (6 reviews) | 8.3 (40 reviews) | 

#### Integration

| Feature | InvoicePlane | Wave | 
|---|---|---|
| **Accounting** | 7.7 (5 reviews) | 7.9 (37 reviews) | 
| **Payments** | 9.4 (6 reviews) | 8.0 (33 reviews) | 
| **ERP** | 9.0 (5 reviews) | 6.8 (19 reviews) | 

#### Agentic AI - Billing

| Feature | InvoicePlane | Wave | 
|---|---|---|
| **Autonomous Task Execution** | Not enough data | Not enough data | 

### Accounting & Finance

| Product | Score | Reviews |
|---|---|---|
| **InvoicePlane** | N/A | N/A |
| **Wave** | N/A | N/A |

#### Agentic AI - Accounting & Finance

| Feature | InvoicePlane | Wave | 
|---|---|---|
| **Autonomous Task Execution** | Not enough data | Not enough data | 

---
## Categories
**Shared Categories (1):** [Billing Software](https://www.g2.com/categories/billing)


**Unique to Wave (1):** [Accounting Software](https://www.g2.com/categories/accounting)


---
## Reviewer Demographics

### By Company Size

| Segment | InvoicePlane | Wave | 
|---|---|---|
| **Small-Business** | 92.9% | 94.6% | 
| **Mid-Market** | 7.1% | 4.2% | 
| **Enterprise** | 0% | 1.3% | 

### By Industry

#### InvoicePlane

- **Marketing and Advertising:** 35.7%
- **Consumer Services:** 28.6%
- **Internet:** 21.4%
- **Primary/Secondary Education:** 7.1%
- **Information Technology and Services:** 7.1%

#### Wave

- **Marketing and Advertising:** 15.6%
- **Accounting:** 5.9%
- **Information Technology and Services:** 5.9%
- **Design:** 4.9%
- **Computer Software:** 3.3%
- **Management Consulting:** 2.9%
- **Internet:** 2.9%
- **Health, Wellness and Fitness:** 2.6%
- **Graphic Design:** 2.6%
- **Consulting:** 2.3%
- **Other:** 51.1%

---
## Alternatives

### Alternatives to InvoicePlane

- [invoice ninja](https://www.g2.com/products/invoice-ninja/reviews) — 4.3/5 stars (22 reviews)
- [Invoiced](https://www.g2.com/products/invoiced/reviews) — 4.5/5 stars (412 reviews)
- [FreshBooks](https://www.g2.com/products/freshbooks/reviews) — 4.5/5 stars (975 reviews)
- [Zoho Invoice](https://www.g2.com/products/zoho-invoice/reviews) — 4.7/5 stars (361 reviews)
- [NetSuite](https://www.g2.com/products/netsuite/reviews) — 4.1/5 stars (4786 reviews)
- [QuickBooks Desktop Pro](https://www.g2.com/products/quickbooks-desktop-pro/reviews) — 4.3/5 stars (1765 reviews)
- [BigTime](https://www.g2.com/products/bigtime/reviews) — 4.5/5 stars (1692 reviews)
- [Xero](https://www.g2.com/products/xero/reviews) — 4.4/5 stars (1613 reviews)
- [Stampli](https://www.g2.com/products/stampli/reviews) — 4.6/5 stars (1927 reviews)
- [BILL AP/AR](https://www.g2.com/products/bill-ap-ar/reviews) — 4.4/5 stars (1805 reviews)

### Alternatives to Wave

- [Xero](https://www.g2.com/products/xero/reviews) — 4.4/5 stars (1613 reviews)
- [FreshBooks](https://www.g2.com/products/freshbooks/reviews) — 4.5/5 stars (975 reviews)
- [Zoho Books](https://www.g2.com/products/zoho-books/reviews) — 4.4/5 stars (327 reviews)
- [QuickBooks Desktop Pro](https://www.g2.com/products/quickbooks-desktop-pro/reviews) — 4.3/5 stars (1765 reviews)
- [QuickBooks Online](https://www.g2.com/products/quickbooks-online/reviews) — 4.0/5 stars (3827 reviews)
- [NetSuite](https://www.g2.com/products/netsuite/reviews) — 4.1/5 stars (4786 reviews)
- [GoDaddy Bookkeeping](https://www.g2.com/products/godaddy-bookkeeping/reviews) — 4.1/5 stars (38 reviews)
- [Zoho Invoice](https://www.g2.com/products/zoho-invoice/reviews) — 4.7/5 stars (361 reviews)
- [Square Point of Sale](https://www.g2.com/products/square-point-of-sale/reviews) — 4.6/5 stars (1208 reviews)
- [HoneyBook](https://www.g2.com/products/honeybook/reviews) — 4.5/5 stars (216 reviews)

---
## Top Discussions

### InvoicePlane

No discussions available for this product.

### Wave

- Title: [Is Wave Accounting really free?](https://www.g2.com/discussions/is-wave-accounting-really-free) — 2 comments
  > **Top comment:** "yes"
- Title: [Is wave a good accounting software?](https://www.g2.com/discussions/is-wave-a-good-accounting-software) — 2 comments
  > **Top comment:** "Yeah. It has most of the features required by a small business. You can request the team if you need anything in particular "
- Title: [What is Wave Software?](https://www.g2.com/discussions/what-is-wave-software) — 2 comments
  > **Top comment:** "Wave software is an easy to use Payroll and Accounting software. You can create invoices, send billings, track expenses, and all normal transactions..."
- Title: [How does Wave Software make money?](https://www.g2.com/discussions/how-does-wave-software-make-money) — 1 comment
  > **Top comment:** "On payments they take a percent just like all payments services. They give the accounting platform away for free because they know at least some people will..."

---
**Source:** [G2.com](https://www.g2.com) | [Comparison Page](https://www.g2.com/compare/invoiceplane-vs-wave)