Is Wave invoicing free?
Yes. Wave Starter costs $0 and includes unlimited invoices, estimates, bills, and basic bookkeeping records. Online payments have processing fees, while Wave Pro adds automation such as receipt capture, bank imports, and late-payment reminders. Wave is stronger for a bookkeeping ledger; Eonebill is stronger when you want AI-assisted business documents and free W-9 and 1099 tools.
Verify current Wave pricingFeature-by-Feature Comparison
| Feature | Eonebill✓ AI-Powered | Wave |
|---|---|---|
| AI document drafting | Draft invoices and other business documents from plain language | Uses form and template-based entry |
| Eonebill core workflow | AI-assisted drafting for core document workflows, tools and templates across 15 categories, e-signatures, secure client messaging, and bookkeeping with 1099 tracking | Unlimited basic invoicing and bookkeeping, with stronger accounting-led workflows |
| Platform fee vs payment processing | $0 Eonebill platform fee; Stripe or PayPal processing fees still apply | Wave publishes payment-processing rates; it does not state a separate platform-fee rate |
| Unlimited free invoices | 30 documents/month, free for the first 3 clients | Unlimited invoices on Starter |
| Bookkeeping ledger and reports | Expense and tax workflows, not a full ledger replacement | Core bookkeeping records and reports |
| Invoice status and reminders | Invoice status tracking and reminders | Status notifications; automatic reminders with Pro or payments |
| Receipt capture | AI receipt and expense extraction | OCR receipt capture with Pro or add-on |
| Contractor tax tools | Free, no-signup W-9 and 1099 generators | No equivalent no-signup W-9/1099 generator workflow |
Where Eonebill Differs from Wave
AI-Powered
Draft invoices, contracts, proposals, estimates, and other business documents from a plain-language description.
Contractor Tax Tools
Collect W-9 details and prepare a 1099 draft with free tools that do not require an account.
Multi-Document
Use one shared document allowance for invoices, receipts, quotes, estimates, contracts, proposals, and more.
Other Recommended Resources
Looking for the best invoice app for freelancers in 2026? We reviewed and ranked the top invoice apps for freelancers to help you choose the right invoicing tool for your freelance business.
The Real Difference: Document AI vs Bookkeeping
Both products have a permanent free plan and a $19 monthly plan, but they solve different jobs. Wave leads with unlimited invoicing and bookkeeping; Eonebill leads with AI-assisted documents and contractor tax workflows.
| Feature | Eonebill | Wave |
|---|---|---|
| Free allowance | 30 documents/month across supported types | Unlimited invoices, estimates, bills, and records |
| Primary workflow | AI-assisted business document creation | Invoicing plus double-entry bookkeeping |
| Contractor paperwork | Free no-signup W-9 and 1099 tools | Contractor features live in payroll workflows |
| Receipt capture | AI receipt and expense extraction | OCR receipt capture with Pro or add-on |
| Bank automation | Paid bank reconciliation workflow | Auto-import and categorization with Pro |
| Best fit | Freelancers and contractor payers using AI docs | Businesses prioritizing bookkeeping and free invoices |
Pricing: Eonebill vs Wave
Wave and Eonebill both offer $0 entry plans and $19 monthly paid plans. The deciding factor is the workflow, not the headline price.
| Plan | Eonebill | Wave |
|---|---|---|
| Free tier | $0 — 30 docs/month + AI | $0 — unlimited invoices, no AI |
| Paid monthly | $19/mo — unlimited docs | $19/mo — Pro automation |
| Annual Pro billing | $14/mo equivalent | $190/year |
| Account users | 2 included on Pro; higher limits on paid tiers | Unlimited collaborators on Pro |
| Contractor tax workflow | Free W-9 and 1099 generators without signup | Handled through separate payroll workflows |
| Payment processing | Available through connected payment providers | Starter cards from 2.9% + $0.60 |
Wave pricing and features checked against its official pricing page in 2026-08-26. Verify current Wave pricing.
Which One Should You Choose?
- ✓ You want AI to draft invoices, contracts, and proposals from a plain English description
- ✓ You need more than invoicing — proposals, contracts, estimates, receipts, and other business documents
- ✓ You pay contractors and want a direct path to free W-9 and 1099 tools
- ✓ You want expense workflows organized around Schedule C categories
- ✓ You want AI document workflows for invoices, receipts, quotes, estimates, contracts, and proposals
- ✓ You want unlimited basic invoices and estimates on a free plan
- ✓ You need a full bookkeeping ledger and financial reports
- ✓ You already use Wave Payments for credit card processing and the switching cost is too high
- ✓ You want automatic bank imports, receipt OCR, recurring billing, and unlimited collaborators on Wave Pro
How to Move the Work You Need from Wave
Eonebill does not currently provide a one-click Wave migration. Export your records first, then move only the clients and active work you need.
Export from Wave
In Wave, open Business settings → Data Export and download the Accounting and Receipts exports you need. Use Wave Connect if you also want invoice or product data in Google Sheets. Keep these exports as your archive.
Read Wave's official export instructionsImport Clients, Recreate Active Work
Sign up for Eonebill and use the client list's CSV import for customer records. Recreate only active invoices and reusable items that you still need. Historical Wave accounting data remains in your export archive; it is not automatically converted into an Eonebill ledger.
Verify Before Changing Wave
Send a test invoice to yourself and verify the customer, totals, payment method, and email delivery. Keep Wave active until you have confirmed what moved and retained the records required for bookkeeping and tax purposes.