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Accounting

Pennylane vs Wave: Pricing Comparison 2026

Side-by-side pricing comparison of Pennylane and Wave. See all plans, features, and costs at a glance.

Bottom line: Pennylane starts at $7/mo, making it $9/mo cheaper than Wave ($16/mo). Pennylane offers a free plan.

Last updated: July 2, 2026

Data compiled by Arthur Jacquemin
Updated July 2, 2026
Try Pennylane freeTry Wave freePrice updated todayPrice updated today
Best Value

Pennylane - Pennylane offers a free plan, starts at $9/mo lower ($7/mo vs $16/mo), offers 5 tiers vs 2.

Pennylane vs Wave: Quick Pricing Facts

FeaturePennylaneWave
Starting Price$7/mo$16/mo
Number of Plans52
Free TierYesYes
Pricing Modelper-seatfreemium
Annual DiscountN/AUp to 11%

Pennylane is the more affordable option, starting at $7/mo compared to Wave's $16/mo. Both are Accounting tools with 7 combined pricing plans and 26 features compared. At comparable tiers, the monthly price difference is $8.

Both tools offer free plans, making them accessible for teams on a budget. Pennylane uses per-seat pricing while Wave uses freemium pricing, which may affect your total cost at scale.

Review the detailed tier-by-tier comparison above to see exactly which features are included at each price point and find the best fit for your Accounting needs.

Pricing Plans
Pennylane
Pennylane
Try free
Wave
Tier 1
Free
$0/monthCheapest
Includes
  • Micro-enterprises only
  • E-invoicing compliant
  • Mobile app
Start with Free
Starter
$0/monthCheapest
Includes
  • Unlimited invoicing
  • Unlimited estimates
  • Basic accounting
  • Income & expense tracking
Start with Starter
Tier 2
Starter
$7/monthCheapest
Includes
  • 1 user
  • Pro account with cards
  • Invoice creation and reception
  • Bank sync
Start with Starter
ProPopular
$16/month
$170 / year(save $22)
Includes
  • Auto-import bank transactions
  • Auto-categorization
  • Receipt scanning
  • Unlimited users
Start with Pro
Tier 3
Basique
$14/monthCheapest
Includes
  • Advance and partial invoices
  • Commercial documents
  • Supplier management
Start with Basique
-
Tier 4
EssentielPopular
$24/monthCheapest
Includes
  • Automated follow-ups
  • Recurring invoices
  • Cash flow forecasting
  • API
Start with Essentiel
-
Tier 5
Premium
$79/monthCheapest
Includes
  • Accounting module
  • Validation workflows
  • Tax declarations (EDI)
  • Annual closing
Start with Premium
-

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Pennylane

All-in-one financial management and accounting platform for French companies

View all Pennylane plans

Wave

Free accounting and invoicing software for small businesses, with paid add-ons for payroll and payments

View all Wave plans

Frequently Asked Questions: Pennylane vs Wave

Which is cheaper, Pennylane or Wave?
As of July 2026, Pennylane starts at a lower price point. Pennylane starts at $7/mo while Wave starts at $16/mo. However, the best value depends on the features you need at each tier.
How many pricing plans does Pennylane have vs Wave?
Pennylane offers 5 pricing plans, while Wave offers 2 plans. More plans typically means more flexibility to match your exact needs and budget.
Does Pennylane or Wave offer a free plan?
Yes, both Pennylane and Wave offer free plans. Compare the feature limits of each free tier to see which better fits your use case before upgrading.
Can I save money by paying annually for Pennylane or Wave?
Wave offers up to 11% off on the Pro plan with annual billing. Pennylane does not currently advertise annual discounts.
What is the most popular Pennylane plan?
The Essentiel plan is Pennylane's most popular tier, priced at $24/mo. Key features include Automated follow-ups, Recurring invoices, Cash flow forecasting.
What is the most popular Wave plan?
The Pro plan is Wave's most popular tier, priced at $16/mo. Key features include Auto-import bank transactions, Auto-categorization, Receipt scanning.
What pricing models do Pennylane and Wave use?
Pennylane uses a per-seat pricing model, while Wave uses freemium pricing. The right model depends on your team size and usage patterns.
AI Recommendations

Sources

  1. Pennylane Official Pricing- Vendor pricing page
  2. Wave Official Pricing- Vendor pricing page

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