Wave vs Homebase Payroll

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 →

Homebase Payroll

Homebase Payroll is a payroll solution built specifically for hourly and shift-based workers. It integrates directly with Homebase's scheduling and time tracking tools, automatically converting tracked hours into payroll. Homebase is popular with restaurants, retail stores, and other businesses with large hourly workforces.

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

• ✓Purpose-built for hourly and shift-based workers
• ✓Automatic sync from time tracking to payroll eliminates manual data entry
• ✓Strong mobile app for employees to clock in and manage schedules
• ✓Built-in scheduling and communication tools

Cons

• ✗Less suitable for salaried employee payroll
• ✗Limited features for businesses outside of hourly workforce management
• ✗Pricing can add up with multiple add-ons
• ✗Not ideal for companies with complex benefits needs

Best For

Solopreneurs and very small businesses wanting free accounting and invoicing software

Best For

Restaurants, retail, and businesses with hourly workers needing scheduling and payroll in one place