While your typical billing and invoicing software may provide you with a report of total payments and outstanding invoices, Wave lets you sync your business bank and credit card accounts, categorize transactions, and create the financial statements and accounting reports you need to keep a pulse on your business’s financial health. Wave, on the other hand, gives it all away for free, no matter the size of your business. But businesses with larger revenue streams have to pay. For example, Zoho offers the lightest version of its accounting platform, Zoho Books, for free to businesses with an annual revenue of less than $50,000. Most other free invoice and billing software don't also include full accounting functionality for free - assuming they have any accounting software at all.
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