SPX-01Comparison

Stokpax vs Wave

An honest Stokpax vs Wave comparison: Wave's invoicing and bookkeeping are free and solid, but it has no real inventory tracking — Stokpax covers both in one $29/mo plan.

Wave is a genuinely good deal for invoicing and bookkeeping: unlimited invoices and estimates on a permanently free plan, with a $19/month Pro tier for bank feeds and collaborators. What Wave does not do is inventory. It has no unit-level stock tracking, no barcode stocktakes, no per-supplier costs or warehouse transfers — it can log an inventory value as a number, but it cannot tell you what is on the shelf. Stokpax takes the other approach: inventory and invoicing are the same app, so an invoice actually moves stock. Here is a straight comparison, including where Wave is the better fit.

StokpaxWave

Inventory + barcode stocktakesStokpaxYes — barcode stocktakes, warehouse transfers, per-supplier costsWaveNo — can record an inventory value, but no unit tracking, barcodes or stock movements

Invoicing built inStokpaxYes — invoice posts stock + balance in one actionWaveYes — unlimited invoices and estimates, a real strength

Customer accounts & receivables agingStokpaxYes, in the same appWaveYes — invoicing and basic bookkeeping cover this well

Invoice ↔ stock connectedStokpaxYes — one transaction updates bothWaveNo — invoicing has nothing to subtract from, since there is no stock ledger

Auto repair / parts store moduleStokpaxYes (work orders, plate history)WaveNo — general bookkeeping tool, no industry modules

Starting priceStokpax$29/mo flat, all-in-oneWaveFree (Starter plan); $19/mo (Pro, monthly) or $190/yr for bank feeds and collaborators

Payment processing feesStokpaxNot a payments processorWave2.9% + $0.60 per card transaction (3.4% + $0.60 for Amex)

Best forStokpaxA business that sells physical stock and needs invoicing tied to real inventoryWaveA service business or freelancer with no stock to track, that mainly needs free invoicing and bookkeeping

The honest verdict

If you don't carry physical stock — a service business, a consultant, a freelancer — Wave's free invoicing and bookkeeping is hard to beat and you likely don't need Stokpax at all. But if you sell products, Wave's missing piece is exactly the piece you need: it has no idea what is actually on your shelf, so every invoice is disconnected from real stock. Stokpax ties the two together for $29/month, with a 7-day free trial.

Frequently asked questions

Does Wave have inventory management?

No. Wave can record a monetary inventory value, but it has no unit-level stock tracking, no barcode stocktakes and no warehouse transfers — it is a bookkeeping and invoicing tool, not an inventory system. Stokpax combines barcode stocktakes with invoicing in one app.

Is Wave good for a business that sells physical products?

Wave's invoicing and bookkeeping are solid for anyone, but without real inventory tracking a product business has to manage stock somewhere else and reconcile it manually against Wave invoices. Stokpax keeps stock and invoicing in the same ledger, so they can never drift apart.

What is a Wave alternative with inventory built in?

Stokpax: barcode stocktakes, invoicing, customer/supplier accounts and cash in one app for a flat $29/month, with a parts-store and auto-repair module — where Wave stops at invoicing and bookkeeping.

Start Free See pricing Inventory management feature Invoicing feature Customer & supplier accounts Why one app beats two Stokpax vs Fishbowl Inventory Stokpax vs Xero