Feature-by-Feature Comparison
| Feature | Eonebill✓ AI-Powered | Wave |
|---|---|---|
| AI-Powered Invoice Generation | AI auto-generates invoices from text | Manual template-based creation |
| Smart Client Data Extraction | AI extracts details automatically | Manual data entry required |
| Professional Templates | 15+ beautifully designed templates | Basic, dated-looking templates |
| Real-time Payment Tracking | Live payment status updates | No real-time tracking |
| Setup Time | Get started in 2 minutes | Relatively quick setup |
| AI Receipt Scanning | AI-powered receipt capture | Manual receipt entry |
| Customer Support | Responsive email & chat support | Limited support for free users |
Why Freelancers Upgrade from Wave to Eonebill
AI-Powered
Our AI automatically generates professional invoices from simple text descriptions. No more manual data entry.
Multi-language
Invoice in 15+ languages. Perfect for freelancers working with international clients.
Live Tracking
Real-time payment status updates so you always know when your invoices have been viewed and paid.
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.
What Eonebill Has That Wave Doesn't
Wave moved high-value features to Pro ($16/mo) — basic invoicing on Starter is still free but limited. Eonebill: permanent free plan plus AI-native Pro at $19/mo with 15 document types.
| Feature | Eonebill | Wave |
|---|---|---|
| AI Invoice Generator | ✅ Describe → done in 10s | ❌ No AI — manual entry |
| AI Contract Generator | ✅ 15 document types | ❌ Not available |
| AI Proposal Generator | ✅ Included | ❌ Not available |
| AI Estimate Generator | ✅ Included | ❌ Not available |
| AI Receipt Generator | ✅ Included | ❌ Not available |
| E-Signature | ✅ Included in Pro | 💰 Paid add-on |
| Permanent Free Plan | ✅ Free forever | ⚠️ Starter $0 (limited) — no permanent free Pro |
| Pro Plan Pricing | ✅ $19/mo — AI + 15 doc types | 💰 $16/mo — invoicing + accounting only |
| AI from plain text | ✅ Describe → done | ❌ Manual entry |
| Documents per type | ✅ 15 types, shared quota | ⚠️ Invoice only |
Pricing: Eonebill vs Wave
Wave offers a free invoicing tier and a single Pro plan add-on. Eonebill offers a permanent free plan plus three paid tiers for growing teams.
| Plan | Eonebill | Wave |
|---|---|---|
| Free tier | $0 forever — 5 docs/mo + AI | $0 — unlimited invoices, no AI |
| Pro / Starter | $19/mo — unlimited docs + 15 types | $16/mo — Pro add-on for receipts and bank-rec |
| Team / Growth | $69/mo — multi-user | Not available |
| Enterprise | $199/mo — advanced ops | Not available |
| Annual discount | ~25% off — $14/$52/$149 /mo | No annual discount |
| Payment processing | Stripe at standard rates | 2.9% + $0.30 per credit card txn |
Pricing accurate as of 2026. Wave was acquired by H&R Block in 2019 and currently keeps the free tier; verify current pricing at waveapps.com before deciding.
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, briefs, statements all in one shared system
- ✓ You expect to add a team member, an admin, or a bookkeeper in the next 12 months
- ✓ You want multi-language and international invoice formats out of the box
- ✓ You want a roadmap that ships new features monthly, not a maintenance-mode product
- ✓ You are a micro-business that only sends a handful of invoices per month and never plans to grow past solo
- ✓ You absolutely cannot pay any monthly subscription and the free Wave tier covers your needs
- ✓ You already use Wave Payments for credit card processing and the switching cost is too high
- ✓ You only need basic invoicing and bookkeeping with no AI, no automation, no team workflow
- ✓ You are comfortable with a product in maintenance mode under H&R Block ownership since 2019
How to Switch from Wave to Eonebill in 3 Steps
Most users complete the migration in under 20 minutes.
Export from Wave
In Wave, go to Settings → Data Export and select Customers, Products, and Invoices. Wave generates CSV files within a few minutes. Download all three files to your computer. Wave does not export historical PDFs, so save any specific invoice PDFs you want to keep before cancelling.
Import to Eonebill
Sign up for a free Eonebill account. In Settings → Import, upload the three Wave CSV files. Our AI auto-maps Wave column names (Customer Name → Client Name, Product → Line Item, etc.) and validates each row. Most freelancers see all customers and products imported within 5 minutes.
Verify and Cancel Wave
Send a single test invoice to your own email to confirm the design and totals are correct. Reactivate Stripe or your preferred payment processor in Eonebill, then cancel Wave Payments at the end of your billing cycle. Keep the Wave CSV exports archived for tax-record purposes.