Bench
paid
$299/month
Free trial
At a glance
The differences that matter
Side-by-side facts. Rows where the two tools differ meaningfully are highlighted.
| Feature |  | Wave |
|---|---|---|
| Pricing from | $299 / mo | Not listed |
| Pricing model | paid | free |
| HIPAASame | Not listed | Not listed |
| Free trialSame | Yes | Yes |
| Target users |
|
|
| Key features |
|
|
| Integrations |
|
|
Bench
- Pricing from
- $299 / mo
- Pricing model
- paid
- HIPAA
- Not listed
- Free trial
- Yes
- Target users
- Solo therapists wanting generic bookkeeping
- Practitioners outside Heard's coverage
- Key features
- Monthly bookkeeping
- Tax filing (add-on)
- Software + human team
- Integrations
- Bank accounts
- Stripe, Square
Wave
- Pricing from
- Not listed
- Pricing model
- free
- HIPAA
- Not listed
- Free trial
- Yes
- Target users
- Brand-new solo therapists
- Very small private-pay practices
- Budget-conscious DIY bookkeepers
- Key features
- Free core accounting and bookkeeping
- Unlimited invoices
- Expense tracking
- Basic financial reports
- Integrations
- Bank feeds
- Stripe-style payment processing
- Wave Payroll
Pricing
What you actually pay
Starting prices and what they include. The cheaper tool is not always the better value.
Wave
free
Free
Free trial
Honest assessment
Where each tool wins and loses
Based on hands-on testing. Both tools have real weaknesses worth knowing before you commit.
Bench
What works well
- Established brand
- Software + human team
Where it falls short
- Bankruptcy/restructure in late 2024 verify status
- Not therapy-specific
- More expensive than Heard for sole props
Wave
What works well
- Free core accounting and invoicing
- Fast, simple setup
- Good for beginners
- Pay only for add-ons
Where it falls short
- Industry-agnostic (no therapy deduction expertise)
- Limited integrations and reporting
- Lighter human support on free tier
- Practices outgrow it as they scale
Take it for a spin
Try them
Both tools offer free trials. The fastest way to confirm a fit is to run one real session through each.
Generic bookkeeping with human team used by some therapists.
Try Bench
From $299/moFree trial
Visit BenchFree accounting and invoicing for solo therapists and very small practices.
Try Wave
FreeFree trial
Visit WaveAbout this comparison
This comparison is auto-generated from verified vendor data. We compile pricing, features, and integrations from each vendor's own documentation. For editorial comparisons with hands-on testing, see our editorially reviewed comparisons.
Auto-generatedWe may earn a flat referral fee if you sign up through links on this page. It is the same for every tool in a category, so it never affects our recommendations.
Some listings on Mytherapist Tools are paid placements, clearly labeled. Paid placement does not buy editorial recommendation. Our top picks are chosen on merit.