FreshBooks
paid
$19/month
Free trial
Accounting & Tax · Comparison
FreshBooks
Wave
FreshBooks vs Wave for therapists
Auto-generated from listing data
At a glance
The differences that matter
Side-by-side facts. Rows where the two tools differ meaningfully are highlighted.
| Feature | FreshBooks | Wave |
|---|---|---|
| Pricing from | $19 / mo | Not listed |
| Pricing model | paid | free |
| HIPAASame | Not listed | Not listed |
| Free trialSame | Yes | Yes |
| Target users |
|
|
| Key features |
|
|
| Integrations |
|
|
FreshBooks
- Pricing from
- $19 / mo
- Pricing model
- paid
- HIPAA
- Not listed
- Free trial
- Yes
- Target users
- Private-pay solo therapists
- Service-based practitioners who invoice clients
- Practitioners wanting simple, polished billing
- Key features
- Polished customizable invoices
- Expense and time tracking
- Recurring billing and late fees
- Basic financial reports
- Integrations
- Gusto (payroll)
- Stripe
- Square
- Bank feeds
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.
FreshBooks
What works well
- Excellent invoicing experience
- Easy to learn
- Reasonable entry pricing
- Good for client/retainer billing
Where it falls short
- Industry-agnostic (no therapy expertise)
- Pricing scales by billable-client count
- Reports less deep than QuickBooks
- Payments/payroll cost extra
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.
Invoicing-first accounting popular with service-based solo practitioners.
Try FreshBooks
From $19/moFree trial
Visit FreshBooksFree 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.