The best alternatives to Wave
Wave’s free invoicing and accounting pull in small businesses, but the lack of EU data residency and limited multi-currency support push European teams to look for alternatives that fit local compliance and workflow needs.
European alternatives
Frequently asked questions
Why do European businesses switch from Wave?
Wave’s free plan is attractive, but European users often need stronger compliance with GDPR, EU-based server locations, and better support for multi-currency transactions and local tax rules.
Are there Wave alternatives with EU data hosting?
Yes. FreeAgent, Reviso, and sevDesk all host customer data within the EU or EEA, meeting GDPR requirements for data residency and processing.
Can I migrate my data from Wave to a European alternative?
Most European accounting tools offer import options for CSV or direct integrations. FreeAgent, for example, supports CSV imports for invoices, expenses, and contacts, making the switch straightforward.
How do European Wave alternatives compare on pricing?
Pricing varies. FreeAgent offers a flat monthly fee with no per-user surcharges, while others like sevDesk or Lexware use tiered pricing based on features or user counts. Free plans are rare, but entry tiers are often cheaper than Wave’s paid options.
Which European Wave alternative is best for small businesses?
FreeAgent is a strong fit for freelancers and small teams needing EU compliance, multi-currency support, and a clean interface. Reviso and sevDesk are also popular for their local tax integrations and scalable plans.
Do European Wave alternatives support local tax rules?
Yes. Tools like FreeAgent, Reviso, and Lexware are built with European tax regulations in mind, offering templates and automations for VAT, local invoicing standards, and country-specific reporting.