Bill.com vs Wave — Which One Wins?
A detailed, side-by-side comparison of Bill.com and Wave to help you pick the right tool for your workflow.
Quick Verdict
Wave takes the lead with a 4.0 rating and is best for solopreneurs and micro-businesses who need real accounting software at zero cost.. Bill.com (4.0) is the better pick if you need mid-market finance teams drowning in invoices.
Side-by-Side Comparison
| Criteria | Bill.com | Wave |
|---|---|---|
| Rating | ★★★★ 4.0(155) | ★★★★ 4.0(312) |
| Pricing Model | subscription | free |
| Starter Price | $45/user/mo | Payments: 2.9% + $0.60/transaction |
| Free Tier | Yes | Yes |
| Platforms | Web, iOS, Android | web, ios, android |
| Learning Curve | Medium | easy |
| API Available | Yes | No |
| Best For | Mid-market finance teams drowning in invoices | Solopreneurs and micro-businesses who need real accounting software at zero cost. |
| Verdict | Best AP/AR Automation | recommended |
Feature Checklist
| Feature | Bill.com | Wave |
|---|---|---|
| AP Automation | — | |
| AR Automation | — | |
| Invoice Capture | — | |
| Approval Workflows | — | |
| International Payments | — | |
| Full accounting (free) | — | |
| Invoicing (free) | — | |
| Bank connections (free) | — | |
| Financial reports (free) | — | |
| Receipt scanning (free) | — | |
| Payroll (paid add-on) | — |
Bill.com
Pros
- ✓Excellent invoice capture AI
- ✓Strong approval workflows
- ✓International payments
Cons
- ✕Expensive for small businesses
- ✕Customer support can be slow
- ✕Setup takes time
Wave
Pros
- ✓Genuinely free accounting, invoicing, and reporting
- ✓Unlimited users at no cost
- ✓Feature set covers standard small business needs
Cons
- ✕No inventory management
- ✕Limited integrations compared to QuickBooks
- ✕No API limits custom automation
The Bottom Line
Both Bill.com and Wave are solid tools in the Accounting & Finance space. Wave edges ahead with a stronger overall rating (4.0 vs 4.0) and is the better choice for solopreneurs and micro-businesses who need real accounting software at zero cost.. However, if you prioritize mid-market finance teams drowning in invoices, Bill.com is worth serious consideration. We recommend trying the free tier or trial of each before committing.