WorklynA Wave alternative with a free tier and the whole workflow.
Wave is a genuinely useful free accounting tool, mainly for the US and Canada. Worklyn has a free tier too, then goes wider: projects, time, proposals and contracts, a receipt inbox, and bank feeds that reach the EU and UK as well, with an AI that does the busywork.
Free plan included · Banking in the EU & UK too · Projects, time & proposals built in
Two good tools, different shapes.
Wave is focused on free accounting and invoicing for North America. Worklyn is a broader workspace with a free tier, more of the workflow, and wider banking reach.
Worklyn is for independents who want more than the books
Free to start, with projects, time tracking, proposals, contracts, a receipt inbox and reports on top of invoicing and connected banking, and bank feeds that reach the US, Canada, the EU and the UK.
Wave is for simple, free accounting in the US and Canada
Wave offers free accounting and invoicing with paid add-ons for payments and payroll, focused on the US and Canada. If you want basic books at no cost and you're in North America, it's hard to beat on price.
Worklyn and Wave, side by side
Both have a free tier and clean invoicing. The differences are in scope and geography.
| WorklynFree tier + the whole workflow | WaveFree accounting (US/CA) | |
|---|---|---|
| Free tier | Yes, core tools included | Yes, accounting & invoicing |
| Invoicing & payments | Yes, card, PayPal & bank transfer | Yes; payments as an add-on |
| Bank feed coverage | US & CA (Plaid), EU & UK (EnableBanking) | US & Canada focus |
| Projects & boards | Yes, Kanban boards & tasks | Not the focus |
| Time tracking | Yes, global timer + AI logging | Not the focus |
| Proposals & contracts (e-sign) | Yes, contracts + e-sign | Not the focus |
| Receipts inbox (OCR + auto-match) | Yes, OCR + auto-match to bank | Receipt scanning on paid plan |
| Financial reports & runway | Yes, live dashboard + shareable snapshots | Accounting reports |
| AI assistant | AI assistant that acts across the workspace | Not the focus |
| Multi-currency | Multi-currency (EUR, USD, TRY) | Supported, varies by feature |
Comparison reflects each product's public positioning as of mid-2026 — check their site for current details. These are good products serving a different shape of customer; this is about fit, not quality.
Where Worklyn goes further
Wave nails free, simple accounting for North America. Worklyn keeps a free tier and adds the rest of the workflow and wider reach.
Banking that reaches the EU and UK
Connect accounts across the US and Canada via Plaid and the EU and UK via EnableBanking, so your live transactions flow in even if you bank outside North America.
The whole workflow, not just the books
Projects and Kanban boards, time tracking, proposals and contracts with e-sign, a document vault and reports, alongside the invoicing and expense tracking you'd expect.
A receipt inbox that files itself
Forward or upload a receipt and AI reads the vendor, amount, date and tax, then auto-matches it to the right bank transaction and files it as a clean expense.
An AI that does the busywork
Draft invoices and contracts, log time from plain English, categorize transactions and answer questions about your numbers, built into the workspace rather than bolted on.
An AI CFO agent is coming soon. Everything else here is live today.
Questions about switching from Wave
Is Worklyn free like Wave?
Worklyn has a Free tier with every core tool included, invoicing, proposals, contracts, projects, time and reports. Wave offers free accounting and invoicing with paid add-ons for payments and payroll. So both give you a real free starting point, with different scopes.
Does Worklyn work outside the US and Canada?
Yes. Worklyn is multi-currency and connects banks across the US and Canada via Plaid and the EU and UK via EnableBanking. Wave is focused on the US and Canada, so Worklyn is worth a look if you bank or bill in Europe.
What does Worklyn add beyond accounting?
The whole client workflow: projects and boards, time tracking, proposals and contracts with e-sign, a receipt inbox with OCR, a document vault and reports, plus an AI that does the busywork across all of it.
When would I pay for Worklyn?
The Free tier covers the core tools. Connected banking and reconciliation sit on Pro (€15.99/mo) and Business (€39.99/mo), which also add more AI usage and, on Business, team features. It's flat per workspace, not per seat.
See how Worklyn stacks up elsewhere.
Free to start. Built for the whole business.
Keep the free, simple invoicing you liked in Wave, then add projects, time, proposals, contracts and banking that reaches the EU and UK. Start free, no credit card.