Wave wins on more features overall (6 vs 3, 10 tied). Below is the full feature-by-feature breakdown.
| Feature | Invoice Ninja | Wave |
|---|---|---|
| Free plan |
✓ Yes
Self-hosted free; cloud Pro paid
|
✓ Yes
|
| Entry paid plan |
— Paid add-on
Pro ~AU$12/mo
|
✓ Yes
Pro Plan US$16/mo (about AU$25)
|
| Download PDF without signup |
✗ No
|
✗ No
Requires signup to generate invoices
|
| Feature | Invoice Ninja | Wave |
|---|---|---|
| Unlimited invoices |
— Limited
|
✓ Yes
|
| Custom logo & branding |
— Paid add-on
White-label on higher tiers
|
✓ Yes
|
| Recurring invoices |
✓ Yes
|
✓ Yes
|
| Email invoices to clients |
✓ Yes
|
✓ Yes
|
| Multi-currency |
✓ Yes
|
✓ Yes
|
| Client management |
✓ Yes
|
✓ Yes
|
| Feature | Invoice Ninja | Wave |
|---|---|---|
| ATO-compliant GST invoices |
— Limited
Configurable tax rates
|
— Limited
No automatic ATO Tax Invoice wording
|
| ABN field built in |
— Limited
Custom field workaround
|
✗ No
Manual workaround needed
|
| Australian-focused support |
— Limited
|
✗ No
No AU-based support
|
| Feature | Invoice Ninja | Wave |
|---|---|---|
| Bank reconciliation |
✗ No
|
— Limited
AU bank feeds are limited
|
| Expense tracking |
— Limited
|
✓ Yes
|
| Payroll |
✗ No
|
✗ No
US/Canada only
|
| Inventory tracking |
✗ No
|
✗ No
|
| Feature | Invoice Ninja | Wave |
|---|---|---|
| Stripe payments |
✓ Yes
|
— Limited
Wave Payments only — no direct Stripe integration
|
| Mobile app |
— Limited
|
✓ Yes
|
| Feature | Invoice Ninja | Wave |
|---|---|---|
| Setup time |
— Limited
Account signup required
|
— Limited
~10 min signup + business setup
|
Neither tool fits your invoicing-only workflow? Try InvoiceSonic — free for unlimited ATO-compliant tax invoices, no signup required.
Create a free invoice now →Invoice Ninja starts at Free (self-hosted) or AU$12/mo (Pro); Wave starts at Free (Pro Plan US$16/mo). Invoice Ninja offers free self-hosted; pro cloud plan. Wave offers free forever.
For ATO-compliant GST: Invoice Ninja = limited, Wave = limited. For native ABN field: Invoice Ninja = limited, Wave = no. If you operate in Australia and either tool falls short here, InvoiceSonic handles both natively — and it's free.
Most freelancers want fast invoicing without paying for full accounting. Between these two, Wave wins more categories overall. But if you're a freelancer who just wants ATO-compliant tax invoices for free, InvoiceSonic is purpose-built for that workflow.
Do not assume a one-click migration. Confirm each product's current export and import formats, then test contacts, opening balances, unpaid invoices, tax codes, attachments and reconciliations before cancelling the old account. Keep statutory records outside both systems.
Both tools include more than invoicing. If invoicing is your only need, a dedicated generator can be faster and more focused than a full accounting subscription.
Yes — InvoiceSonic lets you create and download an invoice without signup. Its account plans have separate limits and pricing, so compare current official plans before deciding.