Invoice Ninja vs. Wave Accounting

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
Invoice Ninja
Score 8.0 out of 10
N/A
Invoice Ninja is a source-code available suite of apps focusing on SMB invoicing & payments, from the small company of the same name. The service boasts users among 200,000+ businesses, who use Invoice Ninja to invoice clients, track payments, expenses, and time billable tasks.
$0
Invoicing, Quotes, Expenses, Time-Tracking built with Laravel & Flutter
Wave Accounting
Score 8.2 out of 10
N/A
Wave Accounting is a free, cloud-based accounting platform exclusively for small businesses. It supports double-entry bookkeeping and permits unlimited user access, invoicing, and expense management. Wave Accounting integrates with Wave's invoicing, receipt scanning, payment processing and payroll apps.
$0
Pricing
Invoice NinjaWave Accounting
Editions & Modules
Invoice Ninja - Self-hosted
$0
Invoicing, Quotes, Expenses, Time-Tracking built with Laravel & Flutter
Forever Free
$0
Unlimited Invoices & Quotes for 20 clients
Ninja Pro Plan
$10
per month
Enterprise Plan
$14
per month 1-2 users
Starter
$0
Pro
$16
per month
Pro - billed annually
$170
per year
Offerings
Pricing Offerings
Invoice NinjaWave Accounting
Free Trial
YesNo
Free/Freemium Version
YesYes
Premium Consulting/Integration Services
NoNo
Entry-level Setup FeeNo setup feeNo setup fee
Additional DetailsDiscounts available for annual pricing. Higher volume plans available for an enterprise subscription.
More Pricing Information
Community Pulse
Invoice NinjaWave Accounting
Features
Invoice NinjaWave Accounting
Payroll Management
Comparison of Payroll Management features of Product A and Product B
Invoice Ninja
-
Ratings
Wave Accounting
6.2
Ratings
22% below category average
Pay calculation00 Ratings7.10 Ratings
Benefit plan administration00 Ratings7.50 Ratings
Direct deposit files00 Ratings1.20 Ratings
Salary revision and increment management00 Ratings7.70 Ratings
Reimbursement management00 Ratings7.40 Ratings
Customization
Comparison of Customization features of Product A and Product B
Invoice Ninja
-
Ratings
Wave Accounting
8.5
Ratings
11% above category average
API for custom integration00 Ratings9.90 Ratings
Plug-ins00 Ratings7.00 Ratings
Security
Comparison of Security features of Product A and Product B
Invoice Ninja
-
Ratings
Wave Accounting
6.4
Ratings
26% below category average
Single sign-on capability00 Ratings6.40 Ratings
Role-based user permissions00 Ratings6.40 Ratings
Reporting & Analytics
Comparison of Reporting & Analytics features of Product A and Product B
Invoice Ninja
-
Ratings
Wave Accounting
6.3
Ratings
22% below category average
Dashboards00 Ratings6.00 Ratings
Standard reports00 Ratings8.00 Ratings
Custom reports00 Ratings5.00 Ratings
General Ledger and Configurable Accounting
Comparison of General Ledger and Configurable Accounting features of Product A and Product B
Invoice Ninja
-
Ratings
Wave Accounting
7.0
Ratings
11% below category average
Accounts payable00 Ratings7.10 Ratings
Accounts receivable00 Ratings7.10 Ratings
Cash management00 Ratings8.50 Ratings
Bank reconciliation00 Ratings8.50 Ratings
Expense management00 Ratings7.50 Ratings
Time tracking00 Ratings9.80 Ratings
Fixed asset management00 Ratings9.80 Ratings
Multi-currency support00 Ratings10.00 Ratings
Multi-division support00 Ratings7.10 Ratings
Regulations compliance00 Ratings5.00 Ratings
Electronic tax filing00 Ratings5.90 Ratings
Self-service portal00 Ratings8.00 Ratings
Global Financial Support00 Ratings9.00 Ratings
Primary and Secondary Ledgers00 Ratings9.00 Ratings
Intercompany Accounting00 Ratings4.00 Ratings
Localizations00 Ratings5.20 Ratings
Journals and Reconciliations00 Ratings8.50 Ratings
Enterprise Accounting00 Ratings4.00 Ratings
Configurable Accounting00 Ratings5.00 Ratings
Centralized Rules Framework00 Ratings1.00 Ratings
Standardized Processes00 Ratings7.00 Ratings
Inventory Management
Comparison of Inventory Management features of Product A and Product B
Invoice Ninja
-
Ratings
Wave Accounting
8.1
Ratings
10% above category average
Inventory tracking00 Ratings5.60 Ratings
Automatic reordering00 Ratings9.90 Ratings
Location management00 Ratings8.10 Ratings
Manufacturing module00 Ratings9.00 Ratings
Order Management
Comparison of Order Management features of Product A and Product B
Invoice Ninja
-
Ratings
Wave Accounting
7.6
Ratings
2% below category average
Pricing00 Ratings9.90 Ratings
Order entry00 Ratings10.00 Ratings
Credit card processing00 Ratings2.30 Ratings
Cost of goods sold00 Ratings10.00 Ratings
Order Orchestration00 Ratings5.80 Ratings
End-to-end order visibility00 Ratings8.20 Ratings
Order exception Resolution00 Ratings7.00 Ratings
User Ratings
Invoice NinjaWave Accounting
Likelihood to Recommend
8.0
(0 ratings)
6.0
(0 ratings)
Likelihood to Renew
-
(0 ratings)
7.8
(0 ratings)
Usability
-
(0 ratings)
7.0
(0 ratings)
Availability
-
(0 ratings)
6.7
(0 ratings)
Performance
-
(0 ratings)
2.9
(0 ratings)
Support Rating
-
(0 ratings)
2.1
(0 ratings)
Online Training
-
(0 ratings)
4.7
(0 ratings)
Product Scalability
-
(0 ratings)
3.0
(0 ratings)
User Testimonials
Invoice NinjaWave Accounting
Likelihood to Recommend
I think Invoice Ninja is well-suited for small businesses or freelancers with this software you can track your expenses bill and get paid using a friendly user interface, it is easy to set and configure. They have a paid version but with the open-source self-hosted version it's free and this is a great advantage over other similar softwares.
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Wave is free to use, and they have some premium features you can pay for. For someone just starting out as a small business, freelancer or independent contractor, this is a Godsend. You can look professional, have something easy to manage, and yet also have excellent records come the end of the year. You won't spend a bunch of time having to learn the program, it's very intuitive and you get a host of great features that will make getting paid easy.
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Pros
  • Invoicing
  • Billing
  • Track expenses
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  • The dashboard provides instant views of month-by month income & expenses for the past 12-24 months, a breakdown of current year expense by category, and net income for the past year and year-to-date.
  • Invoicing has easy templated set up has lots of per invoice options such as single/recurring payment options, due dates.
  • Year end reports are easy to generate in either pdf or csv format.
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Cons
  • Should be able to produce a SAF-T file
  • Better reports
  • More invoice templates
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  • One area of improvement for Wave would be combining the various mobile applications into one app.
  • Another room for improvement would be on the dashboard level. It would be great if they could use more bar graphs and get away from pie charts for things like expenses.
  • Some of the other areas from improvement have been addressed by recent updates so I am excited to see what else Wave brings out.
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Likelihood to Renew
No answers on this topic
Easy to use for clients with no accounting background and the price is right.
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Usability
No answers on this topic
Wave [Accounting] is very simple and easy to use. Minimal training was required for all our users as the interface is very user-friendly, especially for small businesses looking to use something to track their financial data, Invoice and make payments. I loved using Wave [Accounting]. It lookes professional and [has] all the features we were looking for.
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Reliability and Availability
No answers on this topic
WAVE is always available when we need it ! Peter
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Performance
No answers on this topic
Wave does tend to slow down when filtering your transactions screen especially by date. This is more of an issue when trying to trouble shoot certain transactions or clean-up a set of books.
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Support Rating
No answers on this topic
I've only had to reach out to support once and they were quick to respond and offered valuable insight to resolve my issue quickly. The team is knowledgeable and if the person you're dealing with doesn't have an answer for you, they get back to you quickly with an answer. It was clear that the support team is genuinely concerned about users making the most of the software.
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Online Training
No answers on this topic
easy to use and east to train on ! Our WAVE clients enjoy the ease of use
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Alternatives Considered
I changed from Fresh Books to Invoice Ninja because Invoice Ninja while being free and open source still offers all the Fresh Books features. Also, we were able to change the estimate module to work exactly as we needed and now it allows us to do consignations to our clients that after we can convert to invoices.
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Wave's price point was in line with what my company needed to manage basic accounting (payable and receivable accounts). It made it easy for me to issue monthly invoices to clients and track when invoices were paid. The software makes these tasks easy to manage and inputting data for accurate accounting and invoicing is a breeze. It really offers a lot of flexibility, so you can use the software the way you need it.
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Scalability
No answers on this topic
Once they out grow what is ability to move up to a more robust system?
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Return on Investment
  • Save me 200 euros per year on a invoice system
  • Save me time by automatically send late payment reminder
  • Saves me time wend I have to do my tax declaration
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  • Wave has enabled our accounts payable to maintain a 99% closure rate by leveraging auto reminders through the email system.
  • Our quote to invoice process is a single click, saving time and effort. Even minor changes during that transition occur simply and easily.
  • Aside from payments, Wave has been free for our usage. Our bottom line is better because we're not investing in software but instead embracing an entire ecosystem.
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