InvoiceQuickly vs Wave — Which Free Invoice Software Wins?
Wave is one of the most well-known free invoicing tools, offering basic invoicing and accounting at no cost (monetized through payment processing fees). InvoiceQuickly is also free for invoicing but takes a different approach with AI-powered generation and 200+ templates. Here's how they compare.
Pricing Comparison
Free forever for invoicing. Autopilot from €99/month.
Free for invoicing and accounting. Payments: 2.9% + $0.60 per transaction (credit card).
Invoice Creation
| Feature | InvoiceQuickly | Wave |
|---|---|---|
| AI generation | Yes — text to invoice | No — manual form |
| Templates | 200+ industry/country | 1 customizable template |
| Speed to create invoice | ~5 seconds (AI) | 5-10 minutes (manual) |
| Multi-currency | 25+ currencies | Limited |
Features
| Feature | InvoiceQuickly | Wave |
|---|---|---|
| Accounting | Not included (invoicing focus) | Yes — basic double-entry |
| Receipt scanning | Via Autopilot | Yes (mobile app) |
| AP automation | Full AI OCR + routing | No |
| Online payments | Coming soon | Yes — built-in (with fees) |
Pros & Cons
InvoiceQuickly strengths
- AI creates invoices in seconds from text descriptions
- 200+ professional templates vs Wave's single template
- Advanced AP automation for incoming invoices
- Multi-currency support for international invoicing
- No payment processing fees baked into the platform
Wave strengths
- Includes basic accounting (income, expenses, reports)
- Built-in payment processing (credit card, ACH)
- Receipt scanning via mobile app
- Established platform with large user base
The Verdict
Choose InvoiceQuickly for faster, AI-powered invoice creation with more templates and global tax compliance. Choose Wave if you want basic accounting bundled in and need built-in payment processing (accepting payments via credit card).
Create Your First Invoice in 5 Seconds
Describe your work in plain English. Our AI generates a professional, tax-compliant invoice instantly. Free forever.
Try It Free — No SignupFrequently Asked Questions
How is InvoiceQuickly free if Wave makes money from payments?
InvoiceQuickly's free tier covers outgoing invoice creation. Revenue comes from Autopilot (incoming invoice automation) subscriptions for businesses processing vendor invoices at scale. Wave monetizes through payment processing fees (2.9% + $0.60 per credit card transaction).
Which is faster for creating invoices?
InvoiceQuickly — significantly. Describe your work in plain text and get a complete invoice in about 5 seconds. Wave requires manual data entry into form fields, typically taking 5-10 minutes per invoice.
Other Comparisons
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