Wave vs Bench

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.

Freemium pricing · Get Pricing →

Bench

Bench is a bookkeeping service that combines human bookkeepers with proprietary accounting software. Instead of doing your own bookkeeping, Bench assigns you a dedicated team of bookkeepers who handle everything for you. Bench is designed for small business owners who want professional bookkeeping without having to learn accounting software themselves.

Paid pricing · Get Pricing →

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

Pros

• ✓Hands-off bookkeeping — a real human does your books every month
• ✓No accounting knowledge required from the business owner
• ✓Clean and simple software interface
• ✓Tax-ready financials delivered monthly

Cons

• ✗More expensive than DIY accounting software
• ✗Less control over your own books
• ✗Tax filing costs extra
• ✗Not suitable for businesses that want to manage their own accounting

Best For

Solopreneurs and very small businesses wanting free accounting and invoicing software

Best For

Small business owners who want professional bookkeeping without learning accounting software