# Wave vs Lite Invoice

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 (6.7K vs 12) and chart position (#55 vs unranked). On price, update cadence, ads and device support there is nothing between them.

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.

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 6.7K ratings behind it against 12, 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.

Wave ships an update every 3 weeks, Lite Invoice every 2 weeks. Both last shipped on October 24, 2026.

## The numbers

| Metric | Wave | Lite Invoice |
| --- | --- | --- |
| Price | Free | Free |
| Rating | [4.4 (6.7K ratings)](https://appshunter.io/ios/app/wave-small-business-software/id881629660/reviews) | **[4.8 (12 ratings)](https://appshunter.io/ios/app/lite-invoice-invoice-maker/id6756555729/reviews)** |
| Number of ratings | **6.7K** | 12 |
| Positive reviews | 28.9% of reviews | **100.0% of reviews** |
| In-app purchases | Yes | **No** |
| Ads | No | No |
| Update frequency | Every 3 weeks | **Every 2 weeks** |
| Monetization | Free with in-app purchases | **Free** |
| Best chart rank | **#55** | — |
| Size | 128 MB | 138 MB |
| Requires iOS | 16.4 | 16.4 |
| Devices | iPhone | **iPhone, iPad** |
| Age rating | 17+ | 4+ |
| Developer | [Wave Financial Inc](https://appshunter.io/developer/574934359) | [Billie Cooperative](https://appshunter.io/developer/1832623915) |

## What reviewers say

### Wave

[App page](https://appshunter.io/ios/app/wave-small-business-software/id881629660)

**Currently charting:** #55 Top Grossing · Business (US App Store)

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

**In-app purchases (4)**

| Purchase | Price | Billing |
| --- | --- | --- |
| Mobile receipts - Monthly | $8.00 | per month |
| Pro Plan - Monthly | $19.00 | per month |
| Mobile receipts - Annual | $72.00 | per year |
| Pro Plan - Annual | $190.00 | per year |

**What reviewers like**

- 🚀 Easy to use
- 🚀 Professional invoicing
- 🚀 Great for small businesses
- 👍 Convenient mobile app
- 🚀 Seamless integration between devices

**What reviewers complain about**

- 🐛 Buggy app with crashes
- 🔒 Poor customer service and support
- 💰 Expensive payment processing fees
- 🔒 Unreliable payouts and fund holds
- 🐛 Missing key features in mobile app

**Reported bugs**

- 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**

- 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

[App page](https://appshunter.io/ios/app/lite-invoice-invoice-maker/id6756555729)

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:** macOS Compatibility, Vision Pro support

**In-app purchases:** none


## Frequently asked 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 6.7K ratings, while Lite Invoice averages 4.8 from 12 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 2 weeks. Most recently, Wave was updated on October 24, 2026 and Lite Invoice on October 24, 2026.

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*Compared by [AppsHunter](https://appshunter.io/) from daily US App Store data. Review summaries are generated from verbatim App Store reviews.*