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About Wave

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.

Screenshots & Videos

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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
    92%
  • Momentum
    70%
  • Popularity
    91%

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

Wave 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%

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

W-2 Preparation

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

Direct Deposit

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

Check Printing

Allows previewing and printing standard and customized paychecks

Tax Management

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

Wage Garnishment

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

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

Multi-country

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

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

Benefits Management

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

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 )

Pricing Plans

Screenshots of Vendor Pricing Page

Pricing screenshot

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.

Learn more about Wave Pricing.

Wave Alternatives

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Wave Reviews

User Rating

3.7/5 (Based on 1,243 Ratings)

Ratings Distribution

  • Excellent

    62.8%
  • Very Good

    23.1%
  • Average

    5.4%
  • Poor

    1.4%
  • Terrible

    7.2%

Do You Use Wave?

Write a Review

Review Summary

Overall, Wave Accounting garners positive feedback for its user-friendly interface, ease of use, and affordability. Users appreciate the simple setup process, intuitive navigation, and comprehensive features that cater to various accounting needs. The mobile app also receives praise for its convenience and functionality. However, some users encounter challenges with customer support, occasional glitches, and limitations in reporting and customization options. Additionally, a few reviewers express concerns regarding data security and the lack of certain advanced features found in more expensive software.

Pros

  • Userfriendly interface: Wave is known for its intuitive and easytouse interface, making it accessible to users of all technical backgrounds.
  • Free to use: Wave's basic plan offers a comprehensive suite of accounting and invoicing features at no cost.

Cons

  • Limited integrations: Wave has a limited number of integrations with other business apps, which may not meet the needs of larger or more complex businesses.
  • Lack of customer support: Wave's customer support has been criticized for being slow and unresponsive, which can be a problem if you encounter issues with the software.

Wave User Reviews

AI-Generated from the text of User Reviews

Videos on Wave

Wave Screenshots

Wave FAQs

What is Wave used for?

Wave is Accounting Software. Wave offers the following functionalities:

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

Learn more about Wave features.

Does Wave provide API?

Yes, Wave provides API.

Wave Contact

Vendor Details

Ontario, Canada

Contact Details

Not available

https://www.waveapps.com/

Social Media Handles

Grid Report for Wave

Customers

Cody Duncan Photography
Courtright
Orhtris

Disclaimer

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