Home/Accounting Software/Wave
Updated on: June 17, 2019
What is Wave ?
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Wave - Accounting Software : SaaSworthy.com
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Wave

Most affordable accounting software
★★★★★
★★★★★
(807 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.

Wave Features Show All Features

Wave Technical details

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

Wave Pricing

Pricing ModelFreemium
How much does Wave cost ?
Wave is a free software.
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.

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Wave Reviews

OVERALL RATING
4.2
Based on 807 Rating(s)
Rating Distribution
  • 668
  • 63
  • 31
  • 42
  • 3
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Source : g2crowd.com
★★★★★
★★★★★
(Reviewed on 23 May 2019)
"Great Free Accounting Software"

What do you like best?

The software is simple to use and does not get in the way of the bookkeeping process. It is free which is fantastic in comparison to some of the bigger players in this space and it allows me to work in the general ledger when it's required (yes there is some accounting software that limits this ability)

What do you dislike?

Although it is able to identify and categorize a number of different transactions automatically it seems to "forget" some of the previous entries. It has improved from when we started using it a couple of years ago, but there are still improvements to be made.

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

We needed a bookkeeping program that was able to integrate with our bank account to save time in the bookkeeping process. It has saved us a significant amount of time in our monthly bookkeeping process.

...more
Cheryce Edie-LesterSource : getapp.com
★★★★★
★★★★★
(Reviewed on 22 May 2019)
Great accounting software

Overall I love this software and will continue using it as well as refer it to the person who needs it.Wave is very user-friendly, easily customizable templates. The business setup is a breeze. It takes the complexity out of accounting and makes it seem so easy.

Pros
Wave is very user-friendly, easily customizable templates. The business setup is a breeze. It takes the complexity out of accounting and makes it seem so easy.

Cons
The downside to this software is that the payroll section is only available to US and Canada.

Rating breakdown

Ease of use
Features

Likelihood to recommend: 9/10

...more
Chelsea GordonSource : getapp.com
★★★★★
★★★★★
(Reviewed on 20 May 2019)
Rating only

Rating breakdown

...more
Vincenzo KöstlerSource : getapp.com
★★★★★
★★★★★
(Reviewed on 15 May 2019)
Rating only

Rating breakdown

...more
Norva Williams-DavidSource : getapp.com
★★★★★
★★★★★
(Reviewed on 04 May 2019)
Rating only

Rating breakdown

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Source : g2crowd.com
★★★★★
★★★★★
(Reviewed on 25 April 2019)
"Great Accounting Software"

What do you like best?

It is easy to use and I don't have to have the software installed on my computer.

What do you dislike?

I have not found anything that I don't like about the software. It is updated often and they have included additional

Recommendations to others considering the product

If you are a small business and you don't need lots of additional reports then this is the software for you.

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

It is a simple accounting system that is inexpensive in comparison to the top business software. It is a great choice for a consultant or company without employees.

...more
Winford JonesSource : getapp.com
★★★★★
★★★★★
(Reviewed on 24 April 2019)
Beware! Wave reversed a payment 10 months later

Price is good. Fairly simple to use. Easy to set up.

Pros
Price is good. Fairly simple to use. Easy to set up.

Cons
Beware. They reversed a sale that was made 10 months earlier even though the contract clearly showed the customer received MORE than they paid for. The customer even signed a termination agreement stating very clearly that there was no further obligation upon EITHER party. The facts were clearly ignored or not accurately argued by Wave as they “represented” our interests to Visa. Wave’s low priced service just cost me thousands of dollars. Immediately going back to QuickBooks.

Rating breakdown

Ease of use
Features
Customer support

Likelihood to recommend: 0/10

...more
Tim LiSource : getapp.com
★★★★★
★★★★★
(Reviewed on 23 April 2019)
Excellent financial software

Wave is very easy to handle receipt and deal with book keeping and accounting.

Pros
Wave is very easy to handle receipt and deal with book keeping and accounting.

Cons
It can provide better Graphic User interface.

Rating breakdown

Ease of use
Features

Likelihood to recommend: 9/10

...more
Source : g2crowd.com
★★★★★
★★★★★
(Reviewed on 21 April 2019)
"Wave makes sending invoices and collecting payments simple"

What do you like best?

I'm a fairly new user of Wave. I use it to send invoices to my clients. I found it to be very simple to use, the interface is nice and setting up different types of payment collection was easy. I'm currently on the free plan since my needs are limited. I was surprised that they offered credit card payments for invoicing on the free plan. I couldn't find other software that allowed me to take cc payments without signing up for a paid plan.

What do you dislike?

The only thing I don't like it having to pay a credit card processing fee when my client pays by credit card. That's not necessarily the fault of Wave though.

Recommendations to others considering the product

Try out their free plan to test their software.

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

Wave makes it possible for me to handle my own client invoicing. The benefits are streamlined payments from my clients.

...more
Source : g2crowd.com
★★★★★
★★★★★
(Reviewed on 19 April 2019)
"A good online accounting platform with just about all of our needs"

What do you like best?

The user interface of Wave is very clean with distinct menu options and sections that make navigating the platform fairly simple. Most all of the tools are self-explanatory enough for most of us to go in and use it without needing extensive training. We can create engaging data-filled reports within seconds with Wave's custom report generation tools. We not only have all the tools we need for standard accounting and tax purposes, but we can also generate invoices and connect all of our bank and credit card accounts to transfer payment information completely online.

What do you dislike?

I think the fees for accepting payments online is slightly too high. We only use that feature once in a while since we can get better rates through other methods. Being an online-based accounting platform puts some security risk into the equation. We never know if Wave will get breached or if our passwords will get stolen.

Recommendations to others considering the product

Wave is used by many and should be considered a trusted company for your accounting. Though there's a risk involved with processing financial information online, as long as you take the proper and obvious precautionary measures, such as securing your passwords, you most likely will be fine.

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

I handle many aspects of business and use Wave as my main accounting platform to manage payroll, expenses, reports and other accounting tasks. Rather than depending completely on accounting specialists, we can use Wave to run most of our accounting activities and manage our spending very efficiently. Overall, Wave has been a dependable and error-free online accounting platform that we can count on for immediate and accurate account updates.

...more
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Videos on Wave Youtube Official Channel

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
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Wave Accounting Screenshots

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