Reckon and Wave tie across most categories (9 tied features). Below is the full feature-by-feature breakdown.
| Feature | Reckon | Wave |
|---|---|---|
| Free plan |
✗ No
30-day trial
|
✓ Yes
|
| Entry paid plan |
— Paid add-on
From AU$15/mo
|
✓ Yes
Pro Plan US$16/mo (about AU$25)
|
| Download PDF without signup |
✗ No
|
✗ No
Requires signup to generate invoices
|
| Feature | Reckon | Wave |
|---|---|---|
| Unlimited invoices |
— Limited
|
✓ Yes
|
| Custom logo & branding |
✓ Yes
|
✓ Yes
|
| Recurring invoices |
✓ Yes
|
✓ Yes
|
| Email invoices to clients |
✓ Yes
|
✓ Yes
|
| Multi-currency |
✓ Yes
|
✓ Yes
|
| Client management |
✓ Yes
|
✓ Yes
|
| Feature | Reckon | Wave |
|---|---|---|
| ATO-compliant GST invoices |
✓ Yes
|
— Limited
No automatic ATO Tax Invoice wording
|
| ABN field built in |
✓ Yes
|
✗ No
Manual workaround needed
|
| Australian-focused support |
✓ Yes
|
✗ No
No AU-based support
|
| Feature | Reckon | Wave |
|---|---|---|
| Bank reconciliation |
✓ Yes
|
— Limited
AU bank feeds are limited
|
| Expense tracking |
— Limited
|
✓ Yes
|
| Payroll |
✗ No
|
✗ No
US/Canada only
|
| Inventory tracking |
✗ No
|
✗ No
|
| Feature | Reckon | Wave |
|---|---|---|
| Stripe payments |
✓ Yes
|
— Limited
Wave Payments only — no direct Stripe integration
|
| Mobile app |
— Limited
|
✓ Yes
|
| Feature | Reckon | 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 →Reckon starts at From AU$15/mo (Invoicing); Wave starts at Free (Pro Plan US$16/mo). Reckon offers 30-day trial. Wave offers free forever.
For ATO-compliant GST: Reckon = yes, Wave = limited. For native ABN field: Reckon = yes, 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.