Kashoo
Wave
| Feature | Kashoo | Wave |
|---|---|---|
| Pricing | From $29.95/mo | Free / from $16/mo |
| Free Plan | ✗ No | ✓ Yes |
| Rating | 4.2 / 5 | 4.2 / 5 |
| Best For | solopreneurs, freelancers, micro-businesses, non-accountants | freelancers, solopreneurs, micro-businesses, side-hustlers |
| Founded | 2008 | 2010 |
| Invoicing | ✓ | ✓ |
| Expense Tracking | ✓ | ✗ |
| Bank Feeds | ✓ | ✗ |
| Financial Reports | ✓ | ✓ |
| Tax Reports | ✓ | ✗ |
| Multi Currency | ✓ | ✗ |
| Accounting | ✗ | ✓ |
| Receipt Scanning | ✗ | ✓ |
| Bank Connections | ✗ | ✓ |
| Payroll Addon | ✗ | ✓ |
| Payments Addon | ✗ | ✓ |
✓ Kashoo Pros
- Very simple to use
- Flat monthly pricing
- Good for non-accountants
- AI-powered transaction categorization
✗ Kashoo Cons
- Limited advanced features
- No payroll included
- Fewer integrations than competitors
✓ Wave Pros
- Core accounting and invoicing completely free
- Unlimited income and expense tracking
- Receipt scanning with OCR included
- Simple enough for non-accountants
✗ Wave Cons
- Payroll and payments are paid add-ons
- No inventory or project tracking
- Limited integrations compared to competitors
The Verdict
Kashoo is built for solopreneurs and freelancers, with a focus on invoicing and expense-tracking. Wave targets freelancers and solopreneurs and leads with accounting and invoicing.
On pricing, Wave is the clear winner for budget-conscious users — starting at $16/mo compared to $29.95/mo for Kashoo. That $13.95/mo difference adds up quickly for growing teams.
Wave has a free plan, which gives it a meaningful edge for individuals and small teams exploring their options. Kashoo requires a paid subscription from day one.
Feature-wise, Wave offers broader built-in capabilities (7 features vs 6), while Kashoo takes a more focused approach — which can mean a simpler, faster onboarding experience.
Both tools are a solid fit for solopreneurs, freelancers, micro businesses — in those cases, the decision often comes down to workflow style and how your team prefers to organize work.
This is a genuinely close comparison. If you can, sign up for both free trials (where available) and run a one-week test with your actual team tasks before deciding.