Wave

About Wave

Wave is an accounting software designed to offer professional-grade services tailored to small businesses. It provides essential tools like invoicing, accounting, and receipt scanning completely free, while premium features such as payments and payroll are available at affordable prices. This makes it a cost-effective solution for businesses looking to streamline their accounting processes without breaking the bank. By using Wave efficiently, companies can save time and money on their bookkeeping, freeing up resources to focus on growth. Wave’s intuitive platform allows small business owners to create professional invoices, accept online payments, and simplify their accounting—all in one place. It’s an ideal option for startups and small enterprises seeking an easy-to-use online solution to manage their finances. With Wave, users get the tools required to stay on top of their business while maintaining a budget-friendly approach..

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Pricing

Free Trial Not Available
Starts at $14.16. Offers Free-forever plan.
View Detailed Pricing

SW Score Breakdown The SW Score breakdown shows individual score for product features.Read more

Features The Feature Score % is calculated using the weighted average method, where core features hold more weight in the final calculation. Read more

100%
Reviews

85%
Momentum

64%
Popularity

86%

Platforms Supported

Browser Based (Cloud)
Mobile App (Android, iOS)

Organization Types Supported

Small Business
Freelancers

API Support

Available

Modes of Support

Business Hours, Online

Wave Awards

# 7 Fastest Growing Software Accounting Software
Q2 2021

# 4 Most Popular Software Accounting Software
Q2 2021

# 12 Highly Rated Accounting Software
Q2 2021

# 3 Most Worthy Accounting Software
Q4 2019

# 4 Most Popular Accounting Software
Q4 2019

# 3 Most Searched Accounting Software
Q4 2019

Wave Features

Show Feature Explanation

Show Missing Features

Accounting Features

Features: The Feature Score % is calculated using the weighted average method, where core features hold more weight in the final calculation. Read more

100%

Budget Forecasting

Helps to create budgets using past performance and future projections. Forecasting uses data, trends, and analytics to predict revenue, expenses, and cash flow.

Tax Management

Management of finances for payment of tax as well as assessing the advance tax liability to pay your tax in time

Spend Management

Managing the expenditure of a business in order to build its product or services

Revenue Recognition

Determining the specific conditions under which revenue is recognized or accounted for

Purchasing

Acquiring goods or services required for the business at minimal cost

Project Accounting

Creation of financial reports specifically designed to track the financial progress of projects

Payroll

Handling the salary payable to the employees

Multi-Currency

Enables payment and collection in multiple currencies.

General Ledger

Maintaining and recording all the accounting related transactions.

Fixed Asset Management

Helps in tracking fixed assets for the purposes of financial accounting, preventive maintenance, and theft deterrence.

Expense Tracking

Keep a count of your day to day expenses as well as allows you to quickly identify where the expense report is in the approval process.

CPA Firms

Offers collaboration with a professional expert for financial and consulting services.

Collections

Recovery of cash from a business or individual.

Cash Management

Collection and management of cash.

Billing and Invoicing

This feature helps in issuing and handling the invoice and bills.

Bank Reconciliation

Matching the balances of an entity's accounting records with the corresponding information on a bank statement.

Accounts Receivable

Handling the money the client owes to the company.

Accounts Payable

Handling the money owed by a business to its suppliers.

Payroll Features

Tax Filing

Allows the filing of payroll tax forms for federal, state, and local taxes.

Third-party Integration

Offers synchronization with third-party applications

Wage Garnishment

Helps in deducting the amount from an employee's monetary compensation including salary as per a court order to pay off debt

W-2 Preparation

Helps electronically preparing the W-2 form that reveals the total gross income of an employee.

Leave Tracking (Vacation)

Assist in keeping track of leave and holidays for easing the payment calculation process

Self Service Portal

Provides the employees with a website where they can update their accounts, make bill payments, avail necessary information and other self-help functions

Direct Deposit

Supports direct deposit which is the most popular method for giving paycheques to employees in an electronic form

Deductions Management

Helps optimizing deductions workflow and assist in calculating various deductions or additions like ESI, PF, integrating leave, performance

Compensation Management

Manages employee compensation related data in an organized and automated manner

Check Printing

Allows previewing and printing standard and customized paychecks

Benefits Management

Helps in monitoring and managing non-wage compensation given to employees besides their regular salaries or wages.

Tax Management

Management of finances for payment of tax as well as assessing the advance tax liability to pay your tax in time

Multi-Currency

Enables payment and collection in multiple currencies.

PEO Services

Professional Employer Organizations (PEOs) offer small and medium-sized businesses affordable HR services and benefits by serving as co-employers and managing compliance, eliminating the need for an in-house HR department.

EOR Services

Facilitates the management of employment-related responsibilities, compliance, and HR functions associated with Employer of Record (EOR) services

Multi-country

Supports electronically transfer of payments to employees regardless of the country or state

401(k) Tracking

Helps to track and manage matters concerning 401(k) that is a retirement savings plan sponsored by an employer.

Attendance Tracking

Helps to quickly and easily track the attendance

Wave Pricing

Free Trial

Not available

Pricing Options

Freemium ( Limited Features )

Premium Plans ( Subscription )

Pricing Plans

MONTHLY YEARLY

Starter Plan Free

Features

Create unlimited estimates, invoices, bills, and bookkeeping records
Option to accept online payments
- 2.9% + $0.60 per credit card transaction
- 3.4% + $0.60 per Amex transaction
Invoice on-the-go with the mobile app
Manage cash flow and customers in one dashboard

PRO Plan $14.16 $16.00 per month

$170 per Year

Want to look more polished, save more time, and conquer cash flow? It’s Pro time.

Features

Includes features of Starter plan, plus
Option to accept online payments at a discounted rate
- 2.9% + $0* per credit card transaction
- 3.4% + $0* per Amex transaction
Auto-import bank transactions†
Auto-merge and categorize bank transactions
Digitally capture unlimited receipts and track expenses
Automate late payment reminders

Screenshots of Vendor Pricing Page

Disclaimer: The pricing details were last updated on 08/07/2025 from the vendor website and may be different from actual. Please confirm with the vendor website before purchasing.

Learn more about Wave Pricing

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Wave Reviews

User Rating

4.1/5 (Based on 1,834 Ratings)

Rating Distribution

Excellent
49.3%
Very Good
34.1%
Average
5.3%
Poor
2.5%
Terrible
8.8%

User Sentiments

Ease of Use, Free Accounting Software, Professional Invoicing, Automated Recurring Invoices

Unreliable Payment Processing, Poor Customer Support, Inadequate Bank Synchronization, Limited Mobile App Functionality

Do You Use Wave?

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Review Summary

Wave Apps receives overwhelmingly negative reviews, particularly regarding its customer service and payment processing. Users complain of difficulties accessing funds, unreliable bank connections, and a lack of responsiveness from support. The free accounting software is lauded for its simplicity and basic functionality, but many users find the platform lacking in advanced features and have ultimately switched to paid software like QuickBooks.

Pros

Wave provides a free accounting and invoicing platform.
It's easy to use and has a simple, intuitive interface.

Cons

Wave lacks support for certain features (e.g., payroll) in some countries.
There are frequent reports of customer service issues, including freezing accounts and holding payments.

Wave Reviews

AI-Generated from the text of User Reviews

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