RunBiz vs Wave
RunBiz vs Wave: features, pricing, and multi-currency compared
RunBiz is an all-in-one billing platform for SMEs: invoicing, HR, payroll, finance, inventory, POS, and team chat in one subscription, with multi-currency invoicing included from the Pro plan.
Wave is a free invoicing and bookkeeping tool. It has no HR, POS, or inventory features, offers free per-invoice currency selection, but locks your business's base currency to USD or CAD.
RunBiz vs Wave at a glance
Prices are current list prices in USD, verified against Wave's public pricing and help-center pages on 2026-08-03. Check waveapps.com/pricing for Wave's current rates.
| RunBiz | Wave | |
|---|---|---|
| Currencies supported | 162 (all ISO 4217 currencies) as your business's base currency | Any currency per invoice, but your business's base currency must be USD or CAD |
| Automatic FX gain/loss tracking | Yes — every invoice records its exchange rate and converts to your base currency automatically | No — unrealized currency gain/loss must be tracked with a manual journal entry |
| Invoicing cost | Included from Pro ($99/mo); free Starter plan doesn't include the invoicing module | Free and unlimited on the Starter plan |
| HR & payroll | Included on Pro and Scale plans, any country | Wave Payroll is a paid add-on ($20–40/mo + $6/employee), US and Canada only |
| Point of sale (POS) | Included on every plan, including free Starter | Not available |
| Inventory management | Included on every plan, including free Starter | Not available — no native stock or quantity tracking |
| Team chat | Included on every plan | Not available |
| Starting price | Free (Starter, no invoicing); $99/mo (Pro) for invoicing + full modules | Free (Starter); $19/mo (Pro) for automated bank/card reconciliation |
Where RunBiz is different
HR, payroll, POS, and inventory work in any country — not just the US and Canada — in the same subscription as invoicing. Your business's base currency isn't locked to USD or CAD, and exchange-rate gains and losses convert automatically.
Where Wave is different
Wave's invoicing and bookkeeping are genuinely free with no user limits, which is hard to beat for a US or Canadian freelancer who just needs to send invoices and doesn't need payroll, inventory, or a foreign base currency.
Frequently asked questions
Wave is a free invoicing and bookkeeping tool with no HR, payroll, POS, or inventory features. RunBiz bundles invoicing with all of those in one subscription, and supports any of 162 ISO 4217 currencies as your business's base currency, while Wave's base currency is locked to USD or CAD.
Yes. Every invoice carries its own currency and exchange rate, converted automatically to your business's base currency — and that base currency can be any of 162 ISO 4217 currencies, not just one or two. Multi-currency invoicing is included from the Pro plan ($99/mo).
Yes — Wave lets you choose any currency on a per-invoice basis, for free, even on its Starter plan. The limitation is your business's home currency: Wave only supports USD or CAD as your base currency, and it doesn't automatically post the resulting foreign-exchange gain or loss — you have to record that as a manual journal entry.
For invoicing specifically, yes — Wave's Starter plan includes free, unlimited invoicing. RunBiz's free Starter plan covers inventory and POS but doesn't include the invoicing module; invoicing starts on the Pro plan at $99/mo, which also adds payroll, finance analytics, and multi-currency depth Wave doesn't have.
Wave Payroll is a separate paid add-on available only in the US and Canada. Wave has no built-in point-of-sale system and no native inventory or stock-quantity tracking — inventory has to be tracked manually through journal entries.
RunBiz, if you need payroll, POS, or inventory alongside invoicing — Wave doesn't offer any of those. RunBiz also lets your business run in a base currency other than USD or CAD, which Wave doesn't support.