Comparison

A Wave alternative focused only on invoicing

Wave is free accounting software with invoicing included. JupiterInvoice is a dedicated invoicing tool focused on the sender-recipient collaboration. Two different products that happen to overlap on one surface.

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Why JupiterInvoice exists

Wave started life as free bookkeeping software. Invoicing was added because you can't do small-business accounting without it. It's capable, and if you already use Wave for bookkeeping the invoicing feels convenient. But the UI reflects its origin: the invoice is an accounting object, not a document your client interacts with. There's no way for the recipient to add a PO number. There's no version history across edits. There's no comment thread.

JupiterInvoice starts from the opposite premise. The invoice is the primary artifact. Your client opens the link, fixes what's theirs (PO, billing entity, AP contact), comments if they need to, and you see every change with a clean diff. We have no accounting module, and we're not trying to build one.

What Wave does well

Wave is a legitimately good product for what it is. If you're picking between the two, you should know:

  • •Full double-entry bookkeeping included free. If you need a general ledger, P&L, and balance sheet, Wave is hard to beat at $0.
  • •Receipt scanning, bank reconciliation, and categorization are all built in. If you do your own books, Wave consolidates several tools.
  • •Recurring invoices and automatic payment reminders out of the box.
  • •Accepts card and ACH payments via Wave Payments (at standard processing fees, same as Stripe).

Feature by feature

Feature JupiterInvoice Wave
Recipient can add or edit PO number on the invoice Yes No
Recipient can correct billing entity or address Yes No
Two-way comment thread on the invoice Yes No
Version history with one-click revert Yes No
Anonymous invoice creation (no signup) Yes No
Bank details on the invoice Yes
Via PDF only
Not surfaced in the online view.
Recurring invoices No Yes
Double-entry bookkeeping No Yes
Receipt scanning and categorization No Yes
Bank reconciliation No Yes
Free tier for unlimited invoices Yes Yes
Card payment processing No Yes

Pricing

JupiterInvoice

Free

  • Unlimited invoices and recipients
  • Custom invoice numbering and multiple sender profiles included
  • No per-invoice fees
  • "Powered by" footer on invoices

Wave

Free or $16/mo Pro

  • Pro tier adds receipt scanning, auto categorization, and email reminders
  • Payments via Wave Payments: 2.9% + 60c per card transaction, 1% per ACH
  • Payroll and bookkeeping are separate paid add-ons

Don't switch if...

  • You need Wave for the accounting, not just the invoicing. JupiterInvoice has no general ledger, P&L, or bookkeeping. If Wave is your primary finance tool, keep it, and use JupiterInvoice alongside for the invoices where recipient collaboration matters.
  • You rely on recurring invoice automation. Wave does it natively; we don't yet.
  • Your clients mostly pay by card and expect a Pay button. Wave Payments gives you that in one click.
  • You want everything in one tool and are willing to trade recipient-side collaboration for consolidation.

We'd rather you stay where you are than switch and regret it.

Common questions about switching from Wave

What makes JupiterInvoice a good Wave alternative?
If you use Wave mainly to send invoices, JupiterInvoice does that one job better: the recipient can edit the PO number and billing details on the invoice, comment, and approve, with full version history. If you use Wave for its bookkeeping, keep it, and use JupiterInvoice for the invoices that need collaboration.
Can I use both at the same time?
Yes, and many solo businesses do exactly this. Wave for bookkeeping and routine recurring invoices, JupiterInvoice for the invoices where a client needs to collaborate on PO numbers or billing details. Nothing conflicts.
Does JupiterInvoice do bookkeeping?
No. We're an invoicing tool. If you need full double-entry accounting, use Wave, Xero, or QuickBooks for that and let JupiterInvoice handle the invoice-to-payment conversation.
Will JupiterInvoice add recurring invoices?
It's on the roadmap but not the top priority. The core focus for 2026 is making one-off invoices the best they can be for the agency and freelance use case. Recurring billing is a different problem we'll come back to.
Does JupiterInvoice accept card payments?
Not directly. The invoice is the record of what's owed; the recipient pays via whatever method you specify (bank transfer, ACH, etc.). If card payment is a must-have, Wave Payments or Stripe Invoicing are better picks.
Is there a migration path from Wave?
Not automated. Existing customers and invoices can be re-entered manually, or imported via the API.

Last updated June 1, 2026

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