Home/Accounting Software/Wave
Updated on: September 19, 2020
What is Wave ?
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94% The SW Score ranks the products within a particular category on a variety of parameters, to provide a definite ranking system. Read More

Wave

Most affordable accounting software
(340 Ratings) Write Review

An accounting software meant to provide various accounting services to small scale businesses with professional expertise and quality. Wave provides services like Invoicing, Accounting and Receipt scanning without charging a penny to its clients, whereas, features like Payments, Payroll and all the other features that a company might be looking for in an online accounting software are provided at very affordable price. If used efficiently, it can help a company save a lot of money on its accounting activities. This is a very good option for any small business looking for an online solution to handle accounts.

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Wave Technical details

Support Business Hours Online Customer Type Freelancers Small Business
API Location / Phone Number Ontario, Canada - M4M 2S1
Deployment SaaS/Web/Cloud Mobile - Android Mobile - iOS Category Accounting Software Payroll Software

Wave Pricing

Pricing ModelFreemium
Free Plan
Free

Free means free. Not Free trial.

  • Unlimited bank and credit card connections
  • Unlimited income and expense tracking
  • Unlimited guest collaborators
  • Run multiple businesses in one account
  • Unlimited receipt scanning with our free iOS and Android apps
  • Capture receipts even when you’re offline
  • Receipts are automatically recorded as accounting transactions in Wave

Contact the Vendor to get Detailed Pricing.

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Disclaimer: The pricing details were last updated on 18/03/2018 from the vendor website and may be different from actual. Please confirm with the vendor website before purchasing.

Wave FAQs

Wave is Accounting Software. Wave offers the following functionalities:

  • Accounts Payable
  • Accounts Receivable
  • Bank Reconciliation
  • Billing and Invoicing
  • Cash Management
  • Collections
  • CPA Firms
  • Expense Tracking
  • Fixed Asset Management
  • General Ledger
  • Multi-Currency
  • Payroll
  • Project Accounting
  • Purchasing
  • Revenue Recognition
  • Spend Management
  • Tax Management

Learn more about Wave features.

Wave is a free software.

Learn more about Wave pricing.

Yes, Wave offers a free plan.

Learn more about Wave pricing.

Yes, Wave provides API.

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Wave Reviews

OVERALL RATING
4.1
Based on 340 Rating(s)
Rating Distribution
  • 63.8 %
  • 22.6 %
  • 7.9 %
  • 2.1 %
  • 3.5 %
SHARE YOUR EXPERIENCE Write a Review
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Allen ESource : g2crowd.com
(Reviewed on 28 July 2020)
"Needed a Bookeeper to set it up and show me the ropes"

What do you like best?

My bookkeeper uses it mostly, but I love the reports it can generate. At a glance I can view the cash in my accounts and cashflow, P&L, Net Income, expense breakdown,payable and owing. I can generate a P&L, Cashflow,and balance sheet report. Review collected by and hosted on G2.com.

What do you dislike?

I am not familiar with financial langiage, so unless you understand it or how to read financial statements, you may need soeone to help you get up to speed. I am not using many of the features because it either isnt applicable tor difficult to setup. I needed my bookeeper to set up my account and she likes working in it (her other clients use quickbooks) and the fact is free is great, but its very time consuming to enter the data and categorize things yourself. Review collected by and hosted on G2.com.

Recommendations to others considering the product:

try it, its free! Review collected by and hosted on G2.com.

What problems are you solving with the product? What benefits have you realized?

i need to track my money, where its being spend, and the financial health of my company. incidentally I set it up for personal finance and its been great tracking that as well. I also needed to send invoices and it can be paid online with multiple options for payment which my clients love. Review collected by and hosted on G2.com.

...more
Ravindu DSource : g2crowd.com
(Reviewed on 24 June 2020)
"Best in the world. The one accounting app you'll ever need"

What do you like best?

It's totally free!. Everywhere I looked, I was always asked to pay money to use their simplest service. But Wave is advanced, automated, and yet offers the services free Review collected by and hosted on G2.com.

What do you dislike?

Nothing to dislike, to be honest. Every advertised feature worked flawlessly. I cannot complain Review collected by and hosted on G2.com.

Recommendations to others considering the product:

Don't worry about what anyone else says. Give it a try. It's free, but it will amaze you from what it can do. Review collected by and hosted on G2.com.

What problems are you solving with the product? What benefits have you realized?

I am using wave for sending invoices, quotations, and save my list of clients. Review collected by and hosted on G2.com.

...more
Massimo DebattistaSource : trustpilot.com
(Reviewed on 23 June 2020)
Amazing software

Amazing software. I wish I can pay for the services and have some more custome template like link to pay url. Little fine details. Free works like a Rolex. very happy

...more
Levison LSource : g2crowd.com
(Reviewed on 01 June 2020)
"Great tool for keeping on budget and keeping your accounting on track"

What do you like best?

Wave is very easy to use. I am no accountant and I find the thought of bookkeeping painful and difficult. However, after using Wave for our business needs for a while, I have to say that keeping on track has been surprisingly easy and I even appreciate doing accounting now. Everyone is in charge of his/her account and to keep it balanced and in good shape for our accounting department, and I get compliments each month for my well-done books! Review collected by and hosted on G2.com.

What do you dislike?

Even if Wave is easy to use, it is still an accounting/bookkeeping software and it has a steeper learning curve than other computer programs. It is still a program that you will quickly learn, but to become a pro at it, you will need to dedicate some time to understanding accounting practices and how Wave operates. I also dislike the custom options available. Yes, you can create custom tags and "accounts", but they need to fall under certain categories and these do not fit with what I need for my accounts. Review collected by and hosted on G2.com.

What problems are you solving with the product? What benefits have you realized?

Wave is allowing even the accounting-challenged among us to be professional in our bookkeeping and a great side bonus is that I have become much more organized in my bookkeeping which includes keeping receipts, saving invoices, and more. This has in turn made me a better salesman, and a better client representative. Review collected by and hosted on G2.com.

...more
Vin CampbellSource : trustradius.com
(Reviewed on 18 February 2020)
Wave Accounting: Perfect for the small business and aspiring entrepreneur!

Use Cases and Deployment Scope

I am personally using Wave Accounting (free version) as the primary accounting app to run the backend of my business. I use the program to create, send, and track invoices to my clients, and I use the link to my bank account to track my expenses, profit and loss, sales tax, and general income vs. expenditures. Having a piece of software this comprehensive that is completely free is a pure lifesaver. I am on a generally tight budget, so this feature solves a huge problem for me and my company!

Pros and Cons

  • Providing a comprehensive piece of accounting software for free
  • Invoicing + receiving payments--super easy and intuitive on both fronts
Edit
  • Bank account linking: They are working diligently to correct this, but it broke when they updated their system. Probably could have tested more banks prior to rolling out the upgrade
  • If you don't fully track and reconcile your books, you'll see carry over numbers--needs a better way to handle this.

Likelihood to Recommend

First, I have already recommended Wave Accounting to everyone that has ever asked me about accounting software. This software is perfectly suited to small businesses with small operating budgets. Entrepreneurs can rejoice for sure--free is unheard of and I can't stress enough that this solution is 100% free! Now, they make money when the need arises for a small business to hire an accountant. That's their level-up plan that generates revenue. For me, I've yet to need this service, but if/when I do, I'll certainly use Wave first!
Read Vin Campbell's full review

...more
Vincent LaneSource : trustpilot.com
(Reviewed on 03 February 2020)
Excellent accounting platform for freelancers and small businesses.

I am a freelancer and have been using Waveaps for about 4 years.Quickbooks and Xero no doubt have more features but Waveapps has all the functionality I need. I just cant get my head round that its completely free! If you are a freelancer and want a simple to use system for invoicing your clients and tracking expenses, Waveapps is perfect.

...more
Verified UserSource : trustradius.com
(Reviewed on 13 December 2019)
Robust, Easy Accounting Software - And It's Free!

Use Cases and Deployment Scope

It delightfully solves my accounting problems and meets my accounting needs for free. Wave Accounting is an excellent software that is smooth and easy to use. No Excel sheets for me!

Pros and Cons

  • Easy to record income and expenses.
  • Easy to search for a particular entry when I need it.
Edit
  • Nothing to improve on, to be honest. It's excellent free accounting software.

Likelihood to Recommend

Wave is suitable for all sorts of accounting needs, especially for solopreneurs or small companies. The needs of much larger companies (>500 employees) might be beyond its scope though.
Read this authenticated review

...more
Jared HammondSource : trustradius.com
(Reviewed on 04 December 2019)
Wave has helped me grow my business by saving me time and helping my invoices get paid

Use Cases and Deployment Scope

Wave Accounting helps me keep track of my invoices and process payments from my customers. I don't have a large amount of time to spend, and Wave makes it very easy for me to do this. My customers can keep track of the invoices and easily pay online. It just works.

Pros and Cons

  • Accept payments online.
  • Easy invoice creation.
  • Overall accounting.
Edit
  • More integration options.
  • More options in mobile app.

Likelihood to Recommend

I use Wave Accounting for my audio engineering and videography business. I have recommended this product to all of my colleagues, and they enjoy using it as well. It makes it easy to keep track of, send, and process payment for invoices.
Read Jared Hammond's full review

...more
Verified UserSource : trustradius.com
(Reviewed on 20 November 2019)
Riding the Wave (Accounting)

Use Cases and Deployment Scope

Wave Accounting is being used as a way to organize all purchases and money coming in and to quickly look at reports if need be. It's also a nifty tool to create quick invoices that are nice looking, functional, and time-saving, being that I don't have to send automatic follow-ups.

Pros and Cons

  • Invoices
  • Reports
  • UI/UX
Edit
  • For people who aren't experienced with accounting, it can be a little confusing. I wish the help were a little more extensive.

Likelihood to Recommend

I don't think that Wave Accounting would be the best solution if you're an enterprise-level company, but if you're a tiny business or a solopreneur, then Wave Accounting would be a great fit. Also, unless you use their added services, there won't be any other costs passed on to you.
Read this authenticated review

...more
Administrator in Events ServicesSource : g2crowd.com
(Reviewed on 03 November 2019)
"Wave is great"

What do you like best?

I like that you can use it anywhere and that you can use the receipts app and it takes a picture of the receipts and loads it onto wave. It works out your tax for you. It doesn't cost anything, which is great when you start a small business.

What do you dislike?

Sometimes it doesnt want to capture invoices or quotes or customer details. The inventory management you have to keep track of stock because it doesnt allow you to capture how much you have and what is out.

Recommendations to others considering the product:

Wave is a great system for small businesses. The inventory system is not that great for hiring companies but it does the job.

What problems are you solving with the product? What benefits have you realized?

The receipts app is definitely amazing cause I can take a picture of it and capture it on the system, which is great when you do tax.

...more
Read All Reviews

Videos on Wave

Online transactions for only 1 percent – Bank payments
Online transactions for only 1 percent – Bank payments

Wave Screenshots

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Wave Accounting Screenshots
Wave Accounting Screenshots
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Wave Accounting Screenshots
Wave Accounting Screenshots

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