Wave alternative
Free invoicing with the client workflow Wave leaves out.
Sherwood Finance is a Wave alternative for freelancers who want free invoicing plus proposals, e-signature, jobs, recurring invoices, expenses, and optional branding.
Sherwood is strongest when...
- +You want free invoices plus proposals and e-signature in the same product.
- +You run work as jobs and want invoice history tied to each client project.
- +You want optional branding without immediately moving everything to a subscription.
- +You want practical AI workflows when Studio launches.
Wave may still fit when...
- +You primarily want a traditional accounting ledger.
- +You already have Wave set up for bookkeeping and do not need proposals.
- +Your accountant is already built around Wave exports and reports.
| Feature | Sherwood Finance | Wave |
|---|---|---|
| Core fit | Freelancer workflow for invoices, proposals, jobs, expenses, and client payments. | Small-business accounting and invoicing base. |
| Free invoices | Unlimited invoices and recurring invoices on Free. | Unlimited invoicing is available, with some polish in paid plans. |
| Proposals | Built-in proposals, public links, and e-signature on Free. | Proposal flow is not a core feature. |
| Jobs | Track proposal, invoice, change order, and payment history together. | More invoice-led than job-led. |
| Branding | $15 one-time branding bundle or included with Pro. | Branding polish generally depends on paid plans. |
Vendor features and pricing can change. This page positions Sherwood for freelancers who want a lighter workflow, not a full accounting replacement.