1. Refrens
Refrens Internet · Mumbai · Billing software · 4.6/5
Free invoicing, quotations and accounting with a lead-management layer for freelancers and agencies.
Free plan
Free plan available
Compared with Wave Accounting
- Built in India (Mumbai)
Billing software · Alternatives
Best Wave Accounting alternatives in India (2026)
Wave Accounting is a billing software product from Wave Financial, Toronto, priced at Free plan with a free plan. We compared 20 alternatives on published price, free plan, platforms and made-in-India support: 13 have a free plan, 16 are built in India.
Quick answer
The closest alternatives to Wave Accounting are Refrens (Free plan), Zoho Books (₹749/mo), ProfitBooks (Free plan), Reach Accounting (₹1,000/mo) and Giddh (₹300/mo). Refrens is the top-ranked option with a free plan. Published prices in this list start at ₹291/month.
Why businesses look for a Wave Accounting alternative
Indian support and GST
Wave Accounting is built in Canada. 16 alternatives are made in India, where GST, TDS and UPI are usually handled natively and support runs on IST.
A mobile app
Wave Accounting does not list an Android app. 5 alternatives do.
Wave Accounting alternatives compared
Ranked by how closely each product matches Wave Accounting's category, pricing model, platforms and business size, then by rating. Prices exclude GST.
| # | Software | Starting price | Free plan | Platforms | Made in India | Rating | Compare |
|---|---|---|---|---|---|---|---|
| — | Wave Accounting (current) | Free plan | Yes | Web | No | 4.4/5 | — |
| 1 | Refrens | Free plan | Yes | Web | Yes | 4.6/5 | |
| 2 |  Zoho Books | ₹749/mo | Yes | Web | Yes | 4.8/5 | |
| 3 |  ProfitBooks | Free plan | Yes | Web | Yes | 4.7/5 | |
| 4 |  Reach Accounting | ₹1,000/mo | No | Web | Yes | 4.6/5 | |
| 5 |  Giddh | ₹300/mo | Yes | Web | Yes | 4.6/5 | |
| 6 |  OkCredit | Free | Yes | Web, Android, iOS | Yes | 4.7/5 | |
| 7 |  QuickBooks Online | ₹1,500/mo | No | Web | No | 4.4/5 | |
| 8 |  FreshBooks | ₹1,600/mo | No | Web | No | 4.3/5 | |
| 9 |  Groflex | Free plan | Yes | Web | Yes | 4.4/5 | |
| 10 |  Invoicera | Free plan | Yes | Web | Yes | 4.6/5 | |
| 11 |  Marg ERP | ₹8,100/mo | No | Web | Yes | 4.7/5 | |
| 12 |  ClearOne by Clear | Free plan | Yes | Web | Yes | 4.7/5 | |
| 13 |  Invoice Ninja | Free plan | Yes | Web | No | 4.4/5 | |
| 14 |  EZTax Billing | Free plan | Yes | Web, Android, iOS | Yes | 4.6/5 | |
| 15 |  GimBooks | Free plan | Yes | Web, Android, iOS | Yes | 4.6/5 | |
| 16 |  Vyapar | ₹291/mo | Yes | Web, Android, iOS | Yes | 4.8/5 | |
| 17 |  Tally on Cloud by Hostbooks | ₹999/mo | No | Web | Yes | 4.5/5 | |
| 18 |  Xero | ₹2,400/mo | No | Web, Android, iOS | No | 4.4/5 | |
| 19 |  RealBooks | ₹500/mo | No | Web | Yes | 4.6/5 | |
| 20 |  Zoho Billing | ₹1,499/mo | Yes | Web | Yes | 4.6/5 |
Top 10 Wave Accounting alternatives in detail
2. Zoho Books
Zoho Corporation · Chennai · Billing software · 4.8/5
GST-ready cloud accounting with e-invoicing, e-way bills and bank feeds.
₹749/mo
Free plan available
Compared with Wave Accounting
- Built in India (Chennai)
Key features
- Quotes and sales orders
- Invoicing
- Automated payment collections
- Payment gateway integration
- Purchase orders
3. ProfitBooks
ProfitBooks · Pune · Billing software · 4.7/5
Simple online accounting and invoicing for small businesses with inventory.
Free plan
Free plan available
Compared with Wave Accounting
- Built in India (Pune)
4. Reach Accounting
Reach Accountant · Chennai · Billing software · 4.6/5
Cloud accounting ERP with industry editions for retail, services and manufacturing.
₹1,000/mo
Free trial
Compared with Wave Accounting
- No free plan, unlike Wave Accounting
- Built in India (Chennai)
5. Giddh
Walkover Web Solutions · Indore · Billing software · 4.6/5
Cloud accounting and GST billing with multi-currency and bank reconciliation.
₹300/mo
Free plan available
Compared with Wave Accounting
- Built in India (Indore)
6. OkCredit
OkCredit · Bengaluru · Billing software · 4.7/5
Free digital credit ledger and billing app for kirana stores and small traders.
Free
Free plan available
Compared with Wave Accounting
- Also available on Android, iOS
- Built in India (Bengaluru)
7. QuickBooks Online
Intuit · Mountain View · Billing software · 4.4/5
Cloud accounting and invoicing used by small businesses worldwide.
₹1,500/mo
Free trial
Compared with Wave Accounting
- No free plan, unlike Wave Accounting
8. FreshBooks
FreshBooks · Toronto · Billing software · 4.3/5
Invoicing and accounting for freelancers and small service businesses.
₹1,600/mo
Free trial
Compared with Wave Accounting
- No free plan, unlike Wave Accounting
9. Groflex
Groflex · Chennai · Billing software · 4.4/5
Cloud invoicing, inventory and accounting for growing businesses.
Free plan
Free plan available
Compared with Wave Accounting
- Built in India (Chennai)
10. Invoicera
Invoicera · Noida · Billing software · 4.6/5
Online invoicing and expense management with multi-currency.
Free plan
Free plan available
Compared with Wave Accounting
- Built in India (Noida)
Wave Accounting alternatives by what you need
Lowest published price
Free Wave Accounting alternatives
Indian alternatives to Wave Accounting
How to choose a Wave Accounting alternative
- Confirm e-invoicing and e-way bill support explicitly, and check the thresholds against your turnover — these are separate features from ordinary GST invoicing, and vendors often blur the distinction in marketing copy.
- Check how it handles your item structure. A business selling garments in a size-and-colour matrix has a very different requirement from one selling ten SKUs.
- Ask about Tally. Most Indian accountants still work in Tally, and a clean export or two-way sync will save arguments at filing time.
Wave Accounting alternatives — FAQs
What is the best alternative to Wave Accounting in 2026?+
The closest matches to Wave Accounting on App Advisor are Refrens (Free plan), Zoho Books (₹749/mo), ProfitBooks (Free plan). They are ranked by how closely their category, pricing model, platforms and target business size match Wave Accounting, then by rating. The best choice depends on your team size and budget.
Is there a free alternative to Wave Accounting?+
Yes. 13 of the 20 alternatives listed have a free plan or are free: Refrens (Free plan), Zoho Books (₹749/mo), ProfitBooks (Free plan). Free plans usually cap users, records or transactions, so check the limits against your monthly volume.
What is the cheapest alternative to Wave Accounting?+
Among alternatives that publish a price, Vyapar starts lowest at ₹291/mo. Refrens also has a free plan. Prices are read from each vendor's website and exclude GST.
Is there an Indian alternative to Wave Accounting?+
Yes. 16 alternatives are built in India, including Refrens (Free plan), Zoho Books (₹749/mo), ProfitBooks (Free plan). Indian products usually handle GST, TDS and UPI natively and bill in rupees.
Wave Accounting vs Refrens: which is better?+
Refrens is the closest match to Wave Accounting in our catalogue. Key differences: Built in India (Mumbai). Compare them side by side before you book a demo.
How were these Wave Accounting alternatives chosen?+
Every product listed sits in billing software or a category Wave Accounting also covers, and Wave Financial's own products are excluded. Prices, free plans and platforms come from each vendor's official website. App Advisor does not sell any of this software.
Free shortlist
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