A Wave alternative for people who bill their time
Wave is free invoicing and accounting for small businesses, with no time tracking. Involets is free invoicing with a time tracker at its center: the hours you track become the lines on your invoice. Both are good; which suits you depends on how you bill.
Wave’s prices checked on 27 October 2026.
Involets and Wave, feature by feature
| Feature | Involets | Wave |
|---|---|---|
| Price | ||
| Free plan | Every feature, unlimited projects, clients and invoices | Invoicing and bookkeeping |
| Paid plan | $6 a month or $60 a year, up to 30 people in each company | $19 a month (Pro) |
| Tracking and billing | ||
| Timer and timesheet | Yes | No |
| Invoices from tracked time | Yes | No |
| Hourly and fixed-price projects | Yes | No |
| Recurring invoices | Yes | Yes |
| Emails invoices to clients | No | Yes |
| Takes card and bank payments | No | With a fee per payment |
| Bookkeeping and accounting | No | Yes |
| Effective hourly rate in reports | Yes | No |
| Working together | ||
| Shared space for several people | Companies | No |
| Where you use it | ||
| Apps | Web desk, Chrome extension, Mac menu bar app | Web, iPhone, Android |
Involets and Wave on price
Wave’s Starter plan is free. Pro is $19 a month, or $190 a year, and card payments cost 2.9% plus 60 cents each (3.4% for Amex). Involets is free for one person, and $6 a month for a company of up to 30.
From Wave’s pricing page, checked 27 October 2026.
Where Wave is ahead
Accounting
Wave keeps your books: income, expenses, receipts and the reports your accountant asks for. Involets is not accounting software.
Payments from the invoice
Wave emails invoices and can take card and bank payments from them, for a fee on each. Involets makes a PDF that tells the client how to pay you, and the money goes straight to you.
Where Involets is different
Time tracking at the center
Involets has a timer, a timesheet, a Chrome extension and a Mac menu bar app, and the hours you track become invoice lines. Wave does not track time.
Projects that know what is left
Hourly and fixed-price projects show what is billed, unbilled and left, and Reports show your effective hourly rate. Wave invoices are made from products and services instead.
A company space
On the Company plan up to 30 people track time and invoice in one shared space for $6 a month.
Choose Wave if you sell products or fixed services and want free invoicing with bookkeeping and online payments. Choose Involets if you bill your time, by the hour or by the project, and want the tracking and the invoice in one place.
Involets and Wave: what people ask
Is Involets a good Wave alternative?
For freelancers and consultants who bill their time, yes: it is free like Wave and adds a timer, timesheets and invoices made from tracked hours. For bookkeeping and online payments, Wave does more.
Does Wave have time tracking?
Wave does not include a time tracker. Involets does, on the free plan, along with a Chrome extension and a Mac menu bar app.
Is Involets free like Wave?
Yes. Personal is free with every feature and no card. Involets charges no fee on payments, because it does not handle them: your client pays you directly.
Also compared: Harvest, FreshBooks, Toggl Track, Clockify, Invoice Ninja, Zoho Invoice, Bonsai. See every comparison.
Start with the timer. The invoice follows.
Make an account, start the clock, and send your first invoice when the work is done. Free for personal use; bring your company in when you are ready.