isolved vs Wave
A head-to-head comparison to help you pick the right tool
isolved
isolved is an all-in-one HCM platform offering payroll, HR, benefits, and time tracking for small to mid-sized businesses. It is delivered through a network of local service partners providing personalized support.
Wave
Wave is a free accounting and invoicing platform designed for small businesses, freelancers, and solopreneurs. It offers genuinely free accounting, invoicing, and receipt scanning with no subscription fee. Wave makes money through payment processing and payroll add-ons. It is one of the best free accounting tools available for very small businesses with simple needs.
Pros
- ✓Strong local service partner network
- ✓Good all-in-one HCM features
- ✓Solid compliance tools
- ✓Flexible configuration
- ✓Good for SMBs needing hands-on support
Cons
- ✗Interface feels dated
- ✗Quality can vary by service partner
- ✗Less self-serve than modern platforms
- ✗Reporting needs improvement
Pros
- ✓Genuinely free accounting and invoicing — no subscription required
- ✓Clean and easy to use interface
- ✓Good enough for most very small businesses and freelancers
- ✓Receipt scanning and bank connections included free
Cons
- ✗Limited features compared to paid alternatives
- ✗Customer support is minimal on the free plan
- ✗Not suitable for growing businesses with complex needs
- ✗Payroll and payment processing add-ons can add up in cost
Our Take
Choose isolved if smbs wanting full-service payroll and hr support through a local service partner network. Choose Wave if solopreneurs and very small businesses wanting free accounting and invoicing software.
Best For
SMBs wanting full-service payroll and HR support through a local service partner network
Best For
Solopreneurs and very small businesses wanting free accounting and invoicing software