Invoice Tracker vs Wave
Wave is free for invoicing but lacks built-in time tracking, has limited PDF templates, and recently started charging for payments. Invoice Tracker gives you more invoicing power with zero compromises.
Invoice Tracker
Free forever
All features included. No credit card.
Wave
Free (invoicing only)
Features vary by plan.
Feature-by-feature comparison
| Feature | Invoice Tracker | Wave |
|---|---|---|
| Unlimited invoices | Yes | Yes |
| Built-in time tracking | Yes — timer + manual | No |
| Recurring invoices | Yes — auto-generate + send | Basic recurring |
| Auto payment reminders | Yes — automated emails | Manual only |
| PDF templates | 5 professional templates | 1 basic template |
| Estimates & quotes | Yes — with convert-to-invoice | Yes |
| E-signatures | Typed, drawn, or uploaded | No |
| Custom branding (watermark) | Yes | Limited |
| Multiple currencies | 150+ currencies | Yes |
| Price | $0/month | $0 (payments cost extra) |
Why pay for something you can get free?
Invoice Tracker gives you professional invoicing, time tracking, and automated reminders — features Wave charges for.
Switch to Invoice Tracker — Free ForeverWhy freelancers switch from Wave
Built-in time tracking
Wave doesn't have time tracking at all. Invoice Tracker lets you start a timer, log hours per client, and convert tracked time to invoices instantly.
Better PDF templates
Wave gives you one basic invoice look. Invoice Tracker offers 5 distinct professional templates — Modern, Classic, Bold, Compact, and Executive — all customizable.
Automated payment reminders
With Wave, you manually chase overdue payments. Invoice Tracker sends automatic reminder emails on a schedule you define — never send an awkward follow-up again.
Frequently asked questions
How is Invoice Tracker different from Wave?
Is Wave still free in 2026?
Which is better for freelancers — Wave or Invoice Tracker?
Browse free invoice templates
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Ready to ditch the monthly fee?
Create invoices, track time, send estimates, and automate reminders — everything you need to get paid, 100% free. No credit card required.
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