InnoBooks or Wave: which one for a Québec business?
Wave and InnoBooks both offer a free plan. The difference shows on the first paid plan: $10/month for InnoBooks Professional Access, $25/month for Wave Pro. InnoBooks adds a MEV-WEB compliant point of sale as an option for Québec restaurants and shops; Wave Pro imports bank transactions automatically.
| Criterion | InnoBooks | Wave |
|---|---|---|
| Free plan | Yes, forever: up to 3 clients, unlimited invoices | Yes — Starter |
| First paid plan | $10/month — Professional Access: unlimited clients, expenses, estimates, reports | $25/month ($250/year) — Pro, bank import included |
| Higher plan | $25/month — Elite Plan: recurring invoices and expenses, purchases, integrations | No plan above Pro; receipt scanning and payroll as paid options |
| Additional user | +$3/month (Professional) · +$6/month (Elite) | Several users included in Pro |
| Point of sale (restaurant, retail) | $10/month option, compliant with Revenu Québec's MEV-WEB | No point of sale |
Regular prices in Canadian dollars per month, checked on September 13, 2026 on the vendors' public pages, promotions excluded. They can change without notice: check the vendor's site. Price source: Wave.
What InnoBooks brings
- Built in Québec: GST and QST, in French and in English.
- A MEV-WEB compliant point of sale as an option ($10/month), in the same software as invoicing and expenses.
- Your data is hosted in Canada.
- Free plan forever, no credit card required.
When to choose Wave
- You want automatic bank transaction import from the first paid plan (included in Wave Pro).
- You want a free plan and have more than 3 clients: the InnoBooks free plan stops at 3.
Frequently asked questions
Wave is free: why pay for InnoBooks?
Both have a free plan; the InnoBooks one covers up to 3 clients. On the first paid plan, InnoBooks Professional Access costs $10/month (unlimited clients, expenses, estimates, reports) and Wave Pro $25/month (prices checked on September 13, 2026).
Does InnoBooks handle GST and QST?
Yes. InnoBooks is built in Québec for GST and QST, and the site offers free calculators for sales tax, reverse sales tax and the $30,000 registration threshold.
Does Wave have a point of sale for a restaurant?
No. In Québec, a restaurant must bill with a system compliant with Revenu Québec's MEV-WEB; InnoBooks offers a MEV-WEB compliant point of sale as an option ($10/month).
Other comparisons
- InnoBooks or QuickBooks Online: which one for a Québec business?
- InnoBooks or FreshBooks: which one for a Québec business?
Wave is a trademark of Wave Financial Inc. InnoBooks is not affiliated with that company.
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