Home/Accounting Software/Wave
Updated on: January 25, 2021
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
(368 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
3.6
Based on 368 Rating(s)
Rating Distribution
  • 63.3 %
  • 18.4 %
  • 6.1 %
  • 2 %
  • 10.2 %
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Mike DiSource : trustpilot.com
(Reviewed on 03 January 2021)
I think WaveApps is great

I am a sole proprietor who, in all honesty, is too cheap to pay for software to use for bookkeeping. I have been using WaveApps for several years and remain very happy. I was surprised to see such a low score for them when I came on here. But I don't use their invoicing or banking features. Nor do I give out any personal info. So, I haven't had any of the problems that other users have experienced.

...more
KeithSource : trustpilot.com
(Reviewed on 13 December 2020)
Great free accounting software for Sole traders

Basic accounting software, but meets all my needs - I'm a sole trader, and you can't beat it on price...it's FREEthe online community help includes senior staff from the company and always seem willing to share their thoughts.

...more
Jiovany ASource : g2crowd.com
(Reviewed on 16 November 2020)
"WAY better than Quickbooks for tiny businesses!"

What do you like best?

I absolutely love our switch from Quickbooks to Wave! Its a waaaay easier user friendly platform, much more aesthetically pleasing to the eye, and the best part: ITS FREE! I shaved off a major annual expense by making the switch to Wave.

What do you dislike?

Wave truly is a fantastic platform, however the reports could be a little easier to navigate. Sometimes I am looking to run a report for ONE aspect of my business, whether that be an item or expense account, and finding a singular category can be a bit round about. They exist but they aren't easy to find. The account consolidation feature could also use a few improvements.....I admit I am not great at consolidation but many times I just want to erase and start from square one....at I can't just reset everything.

Recommendations to others considering the product:

If you are a brand new business owner, don't be afraid to track your own expenses and do your accounting because Wave makes it not only possible, but simple! Plus they have easy mobile apps to help with your needs on the go. Quickbooks is not the only answer and is probably more complex than what you actually need for your business. And if you feel as if you're in over your head, Youtube tutorials are your friend! Or you could hire one of their accountants available through the website.

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

Wave helps me solve the biggest business problem of all: tracking our finances! My business is very small and they need for an accountant isn't really necessary, which means the responsibility falls on my shoulders. As someone who is the farthest thing from an accountant, Wave has made tracking our finances a piece of cake. Accounting is still NOT my favorite thing to do BUT at least I don't dread it anymore, like I used to with Quickbooks. Its just simple and I love that.

...more
Jason BuckinghamSource : trustpilot.com
(Reviewed on 05 November 2020)
Great invoicing and accounting software for free

We've used WaveApps with monthly recurring invoices for 3+ years now. Our customers typically pay via credit card and we always get the money quickly (less the standard 2.9% CC processing fee). It's also great the WaveApps functions as our accounting software, and fully integrates with our business bank account so we can easily keep our books. I've never used QuickBooks, but as a startup, Wave has met all of our needs. Their customer support has only been via email, but they've also been responsive (within 1 business day) for all of our needs. We recently needed to give a partial refund to a customer for an annual invoice that was more than 6 months old. Waves software doesn't enable refunds for invoices that old, but their support team made it happen for me (and my customer) the same business day that I submitted the support ticket.My only wish - if the recurring invoices would offer a temporary, automatically expiring "coupon", that would make my life SOOO much easier. For new customers, we typically offer a small discount for the first month, and it's a giant pain to have to remember to manually update the recurring invoice after the first month and before the second month.Other than that, Wave has been great.

...more
Ember FSource : g2crowd.com
(Reviewed on 25 October 2020)
"Ideal Accounting Software for Small Business"

What do you like best?

Wave offers me all the accounting features I need as a small business owner for free!

What do you dislike?

I love all of Wave's features but the accounting feed will sometimes duplicate income/sales transactions. I have to keep an eye out and remove them manually

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

I needed a free or very low cost platform to allow me to track transactions and manage invoices. This platform is perfect and free!

...more
Tyler BSource : g2crowd.com
(Reviewed on 09 October 2020)
"Perfect for freelancers"

What do you like best?

As a freelancer who wanted to professionalize without incurring new expenses, Wave was the solution I was looking for. Prior to Wave, I was using extremely simple invoice templates that communicated to clients that I didn't have a wealth of freelance experience. Professionalizing via products like Wave can ultimately result in increasing your perceived value to clients and being able to increase your rates.

I also love the bookkeeping. It's nice to be able to glance at their monthly overview and know what direction my revenue is trending in for the year. When the end of the year rolls around, or when it's tax season, the records make life significantly easier. Tax season last year was the easiest tax season I've had in a long time!

What do you dislike?

I tend to itemize in great detail, and Wave appears to save each item I've ever used, which creates a messy list of items I'll likely never use again, but this is just a minor nuisance. I would also prefer my invoices to automatically save as I am drafting them. Multiple times, I've forgotten to save invoices and they've been lost as a result.

Recommendations to others considering the product:

Some of the features aren't relevant to me, but that's OK. I wouldn't recommend using the credit card payment feature, since it includes a fee. I also don't automatically send or schedule invoices. I prefer to download them from Wave and email them myself, so I'm in complete control.

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

I feel more confident and professional in my billing process.

...more
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.

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.

Recommendations to others considering the product:

try it, its free!

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.

...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

What do you dislike?

Nothing to dislike, to be honest. Every advertised feature worked flawlessly. I cannot complain

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.

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.

...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!

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.

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.

...more
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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

Articles on Wave

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