Comparison

Wave vs Lite Invoice

Price, ratings, monetisation and update history for both apps, side by side — with what reviewers say about each.

Head to head
About

Wave

Manage your small business finances on the go. Send professional invoices, track expenses with receipt scanning, and monitor your business insights. Get paid faster with integrated online payment options.

Highlights
  • Send customized invoices and estimates
  • Scan receipts with OCR for expense tracking
  • Monitor business insights on a dashboard
  • Accept online credit card and bank payments
  • Automate late payment reminders
  • Syncs with desktop account
Currently charting
Read full description

Wave’s mobile app is an integrated, on-the-go solution for small business owners, creators, freelancers, consultants, and contractors in the US and Canada and the perfect companion to your desktop experience. Send customized, professional invoices and estimates and keep track of your business expenses in one place! Add optional online credit card and bank payment processing to get paid even faster. Plus, subscribe to our Pro Plan to access even more bookkeeping and invoicing features. Our receipts feature is included for free in the Pro Plan or easy to add-on to the Starter Plan. You can capture unlimited receipts with optical character recognition to track your business expenses. Bookkeep better with the Pro Plan Want to look more polished, save more time, and conquer cash flow? With our Pro Plan, you get access to the following features: Capture unlimited receipts and track expenses at no additional cost Option to accept online payments* at a discounted rate Auto-import bank transactions** Auto-merge and categorize bank transactions Add additional users to your account Automate late payment reminders Access live-person chat and email support And more! You’re in good company Wave’s software has helped more than 300K North American small business owners manage their money, so you know we’ve got your back. Dashboard Easily monitor what’s going on in your business with Wave’s intuitive dashboard, which includes: At-a-glance business insights, like profit and loss statements Quick access to invoicing metrics, like amounts overdue and upcoming payments Access to accounting reports for understanding your business, filing taxes, and more Mobile invoicing Create and send professional, customized invoices with your logo Receive notifications when you've been paid Check invoice status (sent, viewed, overdue, paid) Record payments Send invoice reminders and payment receipts Get paid even faster with Wave’s online payments feature to accept credit cards and bank payments Synchronize instantly with your Wave account on desktop Estimates Instantly create and send estimates and land that dream customer quicker Convert an estimate into an invoice in seconds Customize estimates with your brand colors and logo Access your estimates from anywhere, anytime Designed to get you paid faster Wave invoice templates and email messages are designed to help you get paid faster Sending professional easy-to-read invoices inspires confidence from your clients, encouraging prompt payment and repeat business Receipt scanning Organize and manage your receipts in one place with Wave’s subscription-based mobile receipts feature Don’t waste time manually managing your expenses—let our app capture receipt details in seconds using OCR technology Get peace of mind and breeze through tax season with updated books and reports, synced with our accounting feature Upload receipts from your desktop or via email Manage and categorize transactions on-the-go or on desktop—everything stays synced! Accept online payments in seconds Wave’s invoicing software works seamlessly to accept online payments via direct integration with our online payments feature: Getting started is as easy as a few clicks*. You’ll be able to select the invoices where you want to accept all major credit cards (Visa®, MasterCard®, American Express®, Discover®) for a competitive, per transaction fee. Most Wave invoices paid by credit card and bank payment get paid in 2 days or less! Create your Wave account right in the Wave mobile app, or visit waveapps.com. *Approval is subject to eligibility criteria, including identity verification and credit review. **Not all financial institutions are supported. Learn more here: https://support.waveapps.com/hc/en-us/articles/115005541303-Understanding-bank-connections Privacy: https://www.waveapps.com/legal/privacy-policy Terms of Use: https://www.waveapps.com/legal/terms-of-use Terms of Service: https://www.waveapps.com/legal/legal-disclosures

About

Lite Invoice

Create and send professional invoices in seconds without needing an account. This app offers a truly free, ad-free experience for freelancers and small businesses to get paid faster. It works offline and allows for easy sharing and tracking of payments.

Highlights
  • Instant invoice creation
  • No account required
  • Offline functionality
  • Save clients and items
  • Auto-calculate totals and taxes
  • Share via link or email
  • Track outstanding payments
Features
Read full description

Get paid faster with the simplest invoice app. Lite Invoice lets freelancers, contractors, and small businesses create and send professional invoices in seconds—no signup required. NO ACCOUNT NEEDED Start invoicing immediately. Create your first invoice the moment you open the app. Sign up later only if you want cloud sync across devices. TRULY FREE, NO HIDDEN FEES No payment processor fees eating into your earnings. No premium tiers hiding essential features. No "free trial" that expires. Create unlimited invoices forever. 60-SECOND INVOICES Go from opening the app to sending an invoice in under a minute. We removed everything that slows you down. • Quick invoice creation with saved clients and items • Tap to add line items from your catalog • Auto-calculate totals and taxes • Send via link, email, or any app WORKS OFFLINE Create invoices anywhere—on a job site, in the field, or underground. Everything syncs automatically when you're back online. PROFESSIONAL INVOICES Clean, professional invoice design that makes you look good to clients. Your invoices include: • Your business name, email, phone, and address • Client details • Itemized line items with quantities and rates • Tax calculations • Due dates • Notes and payment terms • Unique invoice numbers SAVE TIME ON REPEAT WORK Save clients and reuse them on future invoices. Build a catalog of your products and services—add items with a single tap. SHARE ANYWHERE Send invoices via link to any app—email, text, WhatsApp, whatever your client prefers. Clients view your invoice on a clean web page, no app download required. TRACK WHAT'S OWED Mark invoices as paid and see what's outstanding at a glance. PRIVACY FIRST Your data stays on your device until you choose to sync. No ads, no data selling. --- Built by Billie Coop, a worker-owned software cooperative. Questions or feedback? Contact support@liteinvoice.app

Screenshots

Wave4 screens
Lite Invoice4 screens

Verdict

The call

The clearest difference is review sentiment: Lite Invoice at 100% against Wave's 29%. Lite Invoice also leads on in-app purchases (none vs 4) and rating (4.8 vs 4.4). Wave's advantage is ratings volume (6.6K vs 9) and chart position (#54 vs unranked). On price, update cadence, ads and device support there is nothing between them.

Scored on Price · Rating · Positive reviews · Number of ratings · Update frequency · Ads · In-app purchases · Monetization · Best chart rank · Devices · Requires iOS

CostPrice · In-app purchases · Ads · Monetization

Both are free to download. Wave sells 4 in-app purchases, starting at $8.00 per month. Lite Invoice asks for nothing beyond the download.

ReceptionRating · Positive reviews · Number of ratings

Lite Invoice holds the better App Store score, 4.8 against 4.4. That said, the two scores are not equally well evidenced: Wave has 6.6K ratings behind it against 9, so its average is the more settled of the two. Written reviews point the same way: 29% of Wave's written reviews are positive against 100% of Lite Invoice's.

UpkeepUpdate frequency

Both ship on a similar rhythm, roughly every 3 weeks. The most recent releases landed on September 28, 2026 and September 18, 2026 respectively.

Scorecard6 real differences · 5 level
Wave versus Lite Invoice: the parameters behind the verdict, then further details
ParameterWaveLite Invoice
PriceFreeFree
Rating4.4 (6.6K ratings)4.8 (9 ratings) — better
Positive reviews29.4% of reviews100.0% of reviews — better
Number of ratings6.6K — better9
Update frequencyEvery 3 weeksEvery 3 weeks
AdsNoNo
In-app purchasesYesNo — better
MonetizationFree with in-app purchasesFree — better
Best chart rank#54 — better—
DevicesiPhoneiPhone
Requires iOS16.416.4
Further details — not scored
Size128 MB111 MB
Age rating17+4+
DeveloperWave Financial IncBillie Cooperative

Customer experience

Wave

All ratings6,644 ratings
Positive84.7%
Neutral3.3%
Negative12.0%
Written reviews371 reviews
Positive29.4%
Neutral9.4%
Negative61.2%

Lite Invoice

All ratings9 ratings
Positive88.9%
Neutral11.1%
Negative0.0%
Written reviews3 reviews
Positive100.0%
Neutral0.0%
Negative0.0%

Bugs and requests

Wave

Reported bugs

5 issues
  • App crashes when trying to edit invoices
  • Inability to view past transactions in mobile app
  • Inconsistent behavior when connecting bank accounts
  • Incorrect tax calculations and reporting issues
  • Delayed or missing payments from customers

Requested features

5 requests
  • Add dark mode option
  • Improve mobile app functionality
  • Integrate with more third-party services
  • Provide better customer support channels
  • Add more customization options for invoices

Lite Invoice

Not enough reviews yet to summarise bugs or requests.

In-app purchases

4 purchases

Wave

Subscriptions4
  • Mobile receipts - Monthly$8.001 Month
  • Pro Plan - Monthly$19.001 Month
  • Mobile receipts - Annual$72.001 Year
Show 1 more
  • Pro Plan - Annual$190.001 Year
None

Lite Invoice

No in-app purchases

Questions

Is Wave free?
Wave is free to download, with in-app purchases available.
Is Lite Invoice free?
Lite Invoice is free to download, with no in-app purchases.
Which has better reviews, Wave or Lite Invoice?
Lite Invoice is rated higher. Wave averages 4.4 out of 5 from 6.6K ratings, while Lite Invoice averages 4.8 from 9 ratings.
Do Wave or Lite Invoice have ads?
Neither Wave nor Lite Invoice shows ads.
Which is updated more often, Wave or Lite Invoice?
Wave ships an update every 3 weeks, and Lite Invoice every 3 weeks. Most recently, Wave was updated on September 28, 2026 and Lite Invoice on September 18, 2026.

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