ReckonOS and Wave compared
Wave offers free invoicing and bookkeeping on its Starter plan and charges $19 a month for Pro; ReckonOS starts at $49 a month. Wave costs less. ReckonOS adds time tracking, a tax reserve estimate, project margin and payment through your own gateways, which Wave’s pricing page does not list.
Prices checked on 10 November 2026. Prices may change. Check the vendor’s site for current pricing.
Which fits you
Choose Wave if
You want the lowest cost: free invoicing and bookkeeping, and you do not need time tracking, project margin or a tax reserve estimate.
Choose ReckonOS if
You bill projects or retainers, want margin per project and the tax to set aside from each payment, and take payment through your own Stripe, Paystack or PayPal account.
Wave list prices
Read on the vendor’s own page on 10 November 2026. List prices, not introductory offers.
| Plan | Basis | Billed monthly | Billed yearly, per month |
|---|---|---|---|
| Wave Starter | Owner, plus free payroll manager or tax pro access | $0 | $0 |
| Wave Pro | Admin, editor and viewer roles (number not stated) | $19 | $15.83 $190 a year ÷ 12 |
| Wave Receipts add-on (on Starter) | Add-on | $11 | $8 $96 a year ÷ 12 |
- Source: waveapps.com/pricing (opens in a new tab), checked 10 November 2026. Pro is listed “plus applicable taxes”.
ReckonOS prices
Per workspace, in US dollars. VAT or sales tax may be added at checkout. Every plan has unlimited clients and invoices.
| Plan | Limits | Billed monthly | Billed yearly, per month |
|---|---|---|---|
| ReckonOS Starter | 1 user; 1 payment gateway plus bank transfer; 50 receipt scans a month | $49 | $39$468 a year ÷ 12 |
| ReckonOS Pro | Up to 10 users; 3 payment gateways plus bank transfer; 500 receipt scans a month | $99 | $79$948 a year ÷ 12 |
| ReckonOS Studio | Up to 50 users; 8 payment gateways plus bank transfer; 2,000 receipt scans a month | $199 | $159$1,908 a year ÷ 12 |
The arithmetic
One person, Wave Pro against ReckonOS Starter
Billed monthly: $19 (Wave Pro) = $19 a month; ReckonOS Starter $49, so ReckonOS costs $30 more.
Billed yearly: $15.83 = $15.83 a month; ReckonOS Starter $39, so ReckonOS costs $23.17 more.
Tax and payment-processing fees are left out on both sides. The cost calculator on the Pricing page compares whole stacks of tools.
Side by side
Wave column as stated on its pricing page on 10 November 2026. “Not listed” means the page we checked did not mention it.
| Feature | ReckonOS | Wave |
|---|---|---|
| Price | From $49 a month | Starter free; Pro $19 a month |
| Invoices | Unlimited, 15 templates | Unlimited estimates, invoices and bills on both plans |
| Bookkeeping | No (reports and exports for your accountant) | Yes |
| Time tracking | Every plan | Not listed on the page we checked |
| Client portal | Every plan | Not listed on the page we checked |
| Receipt capture | 50, 500 or 2,000 scans a month by plan | Add-on on Starter at $11 a month or $96 a year |
Where they are not like for like
- ReckonOS is not double-entry accounting: it has no general ledger or bank reconciliation. Your accountant gets reports and exports, and many teams keep an accounting package alongside it.
- Wave’s Pro card mentions receipt capture while its comparison table lists receipts as an add-on, so we do not state whether Pro includes it.
- Wave’s payment fee (2.9% + $0.60 per card transaction) is not compared, as payment fees are left out for every tool.
Prices checked on 10 November 2026. Prices may change. Check the vendor’s site for current pricing. Wave is a trademark of its owner, named here only to identify the product. This page is not endorsed by or affiliated with it.
Other comparisons: QuickBooks Online · FreshBooks · Xero · Bonsai · Assembly (formerly Copilot) · Expensify
Questions
Is Wave free?
Wave’s Starter plan was listed at $0 on 10 November 2026, with Pro at $19 a month or $190 a year. Receipts on Starter are an $11 a month add-on. Prices may change.
Try ReckonOS on your next invoice.
Set up your workspace, add your logo and send an invoice in your own template. Every feature is open during the trial.
$7 today for 7 days of full access. On day 7 Pro starts at $99 a month (or $948 a year) unless you cancel first. Cancel any time from Settings > Billing. VAT or sales tax may be added at checkout.