EmLedger vs Wave

Yes. Wave's Starter plan remains free for invoicing, bookkeeping, and unlimited estimates. Wave Pro is the new $19/month paid tier that adds auto-import bank transactions, receipt OCR, and discounted payment processing. Pro is per business — each business you run needs its own subscription.

Two reasons. First, Wave charges per business — three businesses on Wave Pro is $57/month. EmLedger's Solo plan covers up to 3 entities for $49/month, and Growth covers 15 for $129/month. Second, Wave Pro lacks inventory, fixed assets, budgeting, and consolidated reporting. EmLedger ships all of these on every plan, plus inter-company transaction tracking that Wave doesn't offer at any price.

Yes. EmLedger imports your chart of accounts, customers, vendors, invoices, and historical transactions from Wave via CSV export. Our migration team handles the chart of accounts mapping. Most Wave-to-EmLedger migrations take less than a day per business.

Honestly, if you have one business and only need invoicing and expense tracking, Wave Starter (free) or Wave Pro ($19/month) is a fine fit. EmLedger's value kicks in once you have a second LLC, a holding entity, or take on consulting work as a separate business — and when you need real accounting features like inventory, fixed assets, or consolidated reports.

No. Wave Pro is built around invoicing, bills, bookkeeping, and bank-feed automation. It doesn't include inventory management, fixed asset tracking with depreciation, or budgeting — features that EmLedger ships on every plan.

Three businesses on Wave Pro costs $57/month ($19 × 3). EmLedger's Solo plan covers up to 3 entities for $49/month — slightly cheaper, with full double-entry accounting, consolidated reporting, inter-company transaction tracking, inventory, fixed assets, and 140+ features Wave Pro doesn't include.