Comparison
Ledger vs Wave: Free Invoicing Software Compared
Both Ledger and Wave offer free invoicing. Ledger differentiates with built-in time tracking, proposals, and AI-assistant access via the Model Context Protocol, plus automated payment reminders on its Pro plan - making it a strong fit for freelancers who bill by time and want to get paid faster.
FeatureLedgerWave
Free invoicing
Yes - up to 3 clients
Yes
Time tracking
Included
Not included
Proposals
Included
Not included
Automated payment reminders
Pro plan
Limited
AI assistant (MCP) access
Yes
No
Ledger vs Wave FAQs
Are Ledger and Wave both free?
Yes, both offer free invoicing. Ledger's free Starter plan covers up to 3 clients and adds time tracking and proposals; automated reminders are available on Pro.
Which is better for freelancers who bill hourly?
Ledger, because it includes time tracking that converts billable hours directly into invoices.
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Unlimited invoices, automated reminders, and time tracking - no credit card required.
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