AMW InvoiceLaunch vs Wave — Which Invoicing Tool Fits in 2026?
Wave is free accounting-and-invoicing for very small businesses. InvoiceLaunch is focused invoicing and payments for teams that bill many clients. Here is when each one wins.
If you are a solo freelancer on the tightest budget, Wave is free and does the basics. If you want more payment options, seats for your team and an AI assistant that chases what is owed, InvoiceLaunch is the business-grade choice.
Where they diverge.
InvoiceLaunch leads on payment options and team seats
Wave leads on price, with a free Starter plan.
InvoiceLaunch offers up to 11 payment options
Wave routes payments through its own processing.
InvoiceLaunch includes an AI assistant on Business and Scale
no AI assistant is listed on Wave’s pricing page.
InvoiceLaunch is a paid plan from $39/mo and will be part of AMW Suite
Wave is free software with paid add-ons.
Wave built its name on one thing: free. For a freelancer sending a handful of invoices a month, that is genuinely hard to beat on price.
InvoiceLaunch competes on a different axis — the quality of the getting-paid experience. Up to 11 ways for clients to pay, seats for your team, and an AI assistant that follows up on overdue invoices so you are not the one sending awkward reminders.
The real question is whether "free and basic" or "more ways to get paid" fits where your business is now.
How to Choose Between InvoiceLaunch and Wave
Choose InvoiceLaunch when…
- Several people on your team send invoices
- You need more than one way for clients to pay
- You want an AI assistant chasing overdue invoices for you
- You bill many clients
- You expect to grow into CRM, proposals, or more
Choose Wave when…
- You are a solo freelancer and price is the only factor
- Your invoicing is simple and low-volume
- You want free basic accounting bundled in
- You are comfortable with a fully self-serve tool
Or run both side-by-side
There is not much reason to run both — they occupy the same lane. The choice is really about stage: Wave for the scrappy solo start, InvoiceLaunch when you bill more clients and want more ways to get paid.
Each, in their own words.
InvoiceLaunch
InvoiceLaunch Starter, billed monthly: 3 users, 25 clients, unlimited invoices. Business is $99/mo (10 users, unlimited clients) and Scale is $199/mo; yearly billing saves about 17%. InvoiceLaunch will be part of AMW Suite.
Verified October 13, 2026
Strengths
- Stripe, PayPal, bank wire and Zelle on every plan; up to 11 payment options on Business and Scale
- An AI assistant that follows up on overdue invoices (included on Business and Scale)
- Team seats included — 3 on Starter, 10 on Business, unlimited on Scale
- Unlimited invoices on every plan
- Custom branding on Business and Scale; white label on Scale
- Will be part of AMW Suite, alongside the CRM and proposals
Considerations
- Not free — plans start at $39/mo
- Custom branding starts on Business ($99/mo)
- Focused on invoicing/payments, not full bookkeeping
Best for
Wave
Wave’s Starter plan is free. Pro is $19/mo ($190/yr) and adds your logo and brand colours and removes Wave branding. Payment processing is charged per transaction; payroll and advisor services cost extra.
Verified October 19, 2026
Strengths
- Free core — genuinely low cost for very small operations
- Basic accounting included alongside invoicing
- Simple and quick for a solo freelancer to start
- Familiar to many first-time business owners
- No commitment to get going
- Fine for a low volume of simple invoices
Considerations
- Your logo and brand colours need Pro ($19/mo)
- Payments run through Wave’s own processing only
Best for
Feature by feature.
Compare InvoiceLaunch to other options.
Frequently Asked Questions
Is InvoiceLaunch free like Wave?
Does Wave or InvoiceLaunch support more payment methods?
I am a solo freelancer — which should I use?
Does InvoiceLaunch include accounting like Wave?
Why would I pay for InvoiceLaunch over free Wave?
How do I get started?
See your business running in the Suite
On the call we look at the tools you run today, show you the Suite on a business like yours, map your move and recommend a plan. Twenty minutes, free.
Ready to choose between InvoiceLaunch and Wave?
We'll help you weigh the options against your specific situation.
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