Wave

4.4 (1,654)
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Accounting, invoicing, and payroll management platform

Overall rating

4.4 /5
(1,654)
Value for Money
4.6/5
Features
4.2/5
Ease of Use
4.5/5
Customer Support Software
4.0/5

88%
recommended this app
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1654 Reviews

Reece
Reece
Overall rating
  • Industry: Nonprofit Organization Management
  • Company size: Self Employed
  • Used Weekly for 1+ year
  • Review Source

Overall rating

  • Value for Money
  • Ease of Use
  • Customer Support Software
  • Likelihood to recommend 10.0 /10

Wave - Perfect for New Businesses

Reviewed on 10/09/2024

Wave has been wonderful, I use it to manage my accounting, and also invoice. I imagine that in the...

Wave has been wonderful, I use it to manage my accounting, and also invoice. I imagine that in the future I would use it for payroll as well. All of this is done with no monthly charge, and a very fair charge for ACH payments on my invoices.

Pros

It can do pretty much anything that QuickBooks can do, but it can be used for free! This was perfect for when I was setting up the back-end of my entrepreneurial business.

Cons

It required a bit of learning to use, I was used to QuickBooks, and some of the language, UI, and functions look or work differently. After this initial period it has become perfectly simple and useful.

Elvis
Overall rating
  • Industry: Accounting Software
  • Company size: 11–50 Employees
  • Used Daily for 6-12 months
  • Review Source

Overall rating

  • Value for Money
  • Ease of Use
  • Customer Support Software
  • Likelihood to recommend 8.0 /10

An efficient and must have software

Reviewed on 30/11/2024

Overall, wave is not as feature rich as some premium software but it does the job well for basic...

Overall, wave is not as feature rich as some premium software but it does the job well for basic accounting needs.

Pros

Wave has a user friendly interface and intuitive design. The software is also easy to navigate, making accounting tasks like invoicing, tracking expenses, and managing payments relatively simple.

Cons

Wave has limited customer support options. While the platform offers extensive help documentation, I found that getting direct support through chat or phone was not always fast or readily available.

Theresa
Overall rating
  • Industry: Consumer Services
  • Company size: Self Employed
  • Used Daily for 1-5 months
  • Review Source

Overall rating

  • Value for Money
  • Ease of Use
  • Customer Support Software
  • Likelihood to recommend 4.0 /10

Disappointed

Reviewed on 12/07/2024

I am disappointed in that I was hoping for an accounting software AND a payment solution all in...

I am disappointed in that I was hoping for an accounting software AND a payment solution all in one. I am unfortunately now looking for a new payment solution. Support just provided scripted responses. They don't seem to care to escalate anything on your behalf. Receiving your money in a timely manner as a small business means everything!

Pros

I like the ease of use. Very user friendly. I moved from QB Pro to Wave because of the extreme increase in pricing QB imposed.

Cons

You can't convert a percentage of an estimate to an invoice (industry norm). You must wait 7 BUSINESS DAYS to receive a bank (ACH) payment. Every single ACH payment I have received from my clients has taken EXACTLY 7 business days while their website states it takes 2-7 business days. Not truthful at all. They also charge 1% with NO cap - and they still hold onto your money! Unbelievable!

Karen
Overall rating
  • Industry: Mental Health Care
  • Company size: Self Employed
  • Used Weekly for 2+ years
  • Review Source

Overall rating

  • Value for Money
  • Ease of Use
  • Customer Support Software
  • Likelihood to recommend 10.0 /10

An Accounting Dream!

Reviewed on 14/10/2024

Fantastic! I'm able to pull my profit and loss statement quickly and clearly. There are many...

Fantastic! I'm able to pull my profit and loss statement quickly and clearly. There are many options for running reports and seeing where your money is going.

Pros

Wave is fantastic! It's easy to use and provides many options for running reports and managing your money. I also love the ability to connect my business card and my business bank account.

Cons

Any problems I have with Wave are not because of the software. Wave has made it as easy as possible.

Mary
Overall rating
  • Industry: Accounting Software
  • Company size: 2–10 Employees
  • Used Daily for 2+ years
  • Review Source

Overall rating

  • Ease of Use
  • Likelihood to recommend 8.0 /10

Great! Easy and Convenient!!!

Reviewed on 01/12/2024

Pros

It is easy to use. It is very inexpensive too... Most features are for free...

Cons

Maybe it needs more customization and a wider span of features and invoicing for AR and AP.

Janelle
Overall rating
  • Industry: Consumer Services
  • Company size: 2–10 Employees
  • Used Daily for 1+ year
  • Review Source

Overall rating

  • Value for Money
  • Ease of Use
  • Customer Support Software
  • Likelihood to recommend 10.0 /10

Love Wave !

Reviewed on 09/12/2024

Very good program and you can use with minimal Instruction.

Very good program and you can use with minimal Instruction.

Pros

User friendly and very good record keeping analytics

Cons

The cost could be a bit lower for the subscription.

SHAMEEM
Overall rating
  • Industry: Apparel & Fashion
  • Company size: 2–10 Employees
  • Used Weekly for 2+ years
  • Review Source

Overall rating

  • Value for Money
  • Ease of Use
  • Customer Support Software
  • Likelihood to recommend 10.0 /10

Inexpensive accounting tool

Reviewed on 22/12/2024

Wave is a great inexpensive accounting tool which is cloud based so access to the software is easy....

Wave is a great inexpensive accounting tool which is cloud based so access to the software is easy. Great for Basic accounting but for more complex accounting the reporting falls a little flat.

Pros

- Low cost or free accounting tool that provides above average capabilities
- Cloud based so its convenient to login from anywhere
- easy to link up external accounts into the software

Cons

- Lacks add on features for more complex situations
- reporting features could be improved.

Balazs
Overall rating
  • Industry: Design
  • Company size: Self Employed
  • Used Daily for 6-12 months
  • Review Source

Overall rating

  • Value for Money
  • Ease of Use
  • Customer Support Software
  • Likelihood to recommend 7.0 /10

Transparent, great!

Reviewed on 15/11/2024

Pros

I like it because easy to overview your payments in this app.

Cons

I dont have negative experiences with Wave

John
Overall rating
  • Industry: Executive Office
  • Company size: 2–10 Employees
  • Used Weekly for 1+ year
  • Review Source

Overall rating

  • Value for Money
  • Ease of Use
  • Customer Support Software
  • Likelihood to recommend 8.0 /10

Easy App for new business

Reviewed on 01/12/2024

Great platform. Email invoicing is super easy and saves time.

Great platform. Email invoicing is super easy and saves time.

Pros

It had all the functions that my accountant needs to make sure we are in compliance.

Cons

As with any start up, some features are free to start then come with a cost down the road. Not a complaint, it’s worth it.

Verified Reviewer
Overall rating
  • Industry: Nonprofit Organization Management
  • Company size: 2–10 Employees
  • Used Monthly for 1-5 months
  • Review Source

Overall rating

  • Ease of Use
  • Likelihood to recommend 8.0 /10

Good fo invoicing

Reviewed on 24/11/2024

Pros

Creating invoices for my clients is really easy

Cons

I use another software for accounting and I prefer their fully integrated solution

Josh
Overall rating
  • Industry: Sporting Goods
  • Company size: 2–10 Employees
  • Used Weekly for 1+ year
  • Review Source

Overall rating

  • Value for Money
  • Ease of Use
  • Customer Support Software
  • Likelihood to recommend 9.0 /10

Not paying for more than I need!

Reviewed on 02/08/2024

Overall I’m extremely satisfied. I don’t feel like I’m forced to pay for things that I really don’t...

Overall I’m extremely satisfied. I don’t feel like I’m forced to pay for things that I really don’t need. The basics are free and the add-ons are reasonably priced

Pros

It’s simple and straightforward. It’s got a clean sleek look and it’s very affordable.

Cons

I wish I could view my transactions within the app instead of just online.

Alternatives Considered

Sage Accounting, Square Payroll, and Microsoft Excel

Reasons for Choosing Wave

Cost is the main reason I was looking for an alternative, but other than a much more affordable price, the simplicity and sleekness of wave played a huge part in earning my business.

Reasons for Switching to Wave

The simplicity and sleekness of wave played a huge part in earning my business over the others.
Clyde
Overall rating
  • Industry: Nonprofit Organization Management
  • Company size: 51–200 Employees
  • Used Daily for 2+ years
  • Review Source

Overall rating

  • Value for Money
  • Ease of Use
  • Customer Support Software
  • Likelihood to recommend 10.0 /10

The Best Cost Efficient Accounting Software

Reviewed on 28/12/2023

It was an excellent experience in all aspects, particularly when it came to creating the relevant...

It was an excellent experience in all aspects, particularly when it came to creating the relevant financial reports

Pros

The software was a savior for our organization, as we needed something easy to understand, practical, and to be able to access and management from an online system. Wave accounting was above and beyond the best accounting software we had used to date. My absolute favorite accounting software!

Cons

Setting up the account initially was a challenging process, as the navigation was a bit difficult.

Chantel
Overall rating
  • Industry: Health, Wellness & Fitness
  • Company size: Self Employed
  • Used Daily for 2+ years
  • Review Source

Overall rating

  • Value for Money
  • Ease of Use
  • Customer Support Software
  • Likelihood to recommend 10.0 /10

Bookkeeping made simple

Reviewed on 01/04/2024

My accountant recommended Wave as an upgrade from using Excel to document my income/expenses and it...

My accountant recommended Wave as an upgrade from using Excel to document my income/expenses and it has made my life so much easier, my accounting/bookkeeping takes half the time and my reports are ready in an instant. It has been easy to help me keep track of any expenses I may have missed throughout the year as well.

Pros

Wave is so user friendly, it's made all my bookkeeping seamless.

Cons

If I had to choose it would be simpler invoicing/receipt creation.

Alternatives Considered

QuickBooks Online

Reasons for Choosing Wave

My accountant recommended it and i was looking for something simpler.

Switched From

Microsoft Excel

Reasons for Switching to Wave

Wave was free and made sense as I'm a solo entrepreneur with minimal expenses
Theodore
Overall rating
  • Industry: Entertainment
  • Company size: Self Employed
  • Used Weekly for 2+ years
  • Review Source

Overall rating

  • Value for Money
  • Ease of Use
  • Customer Support Software
  • Likelihood to recommend 0.0 /10

Wave Accounting Services and Customer Service are ABYSMAL!!!

Reviewed on 25/04/2024

Its great UNTIL you need to speak to someone... Then they are among the worst companies I have ever...

Its great UNTIL you need to speak to someone... Then they are among the worst companies I have ever dealt with.

Pros

Invoice creation and sending. Charts are nice.

Cons

They withdrew money from my account to pay payroll taxes, then didn'tpay the tax. You can't speak to anyone there and thy take forever to get back to you. TERRIBLE CUSTOMER SERVICE!!!

Paul
Overall rating
  • Industry: Construction Software
  • Company size: 2–10 Employees
  • Used Daily for 2+ years
  • Review Source

Overall rating

  • Value for Money
  • Ease of Use
  • Customer Support Software
  • Likelihood to recommend 10.0 /10

Definitely the best invoicing app I've ever used!

Reviewed on 06/10/2023

My favorite invoicing app, hands down.The invoices that are generated are super professional and...

My favorite invoicing app, hands down.The invoices that are generated are super professional and detailed, the reminders are very helpful, and it is a sharp looking app with an amazing interface, just hoping for the ability to use our swipe keyboard and predictive texts in the fields that it's most useful, such as item descriptions and such.. For the first few years that I used this app on my android, it was no problem, and we were able to use Swype keyboard, predictive text and speech to text in all fields, and in one of the recent updates, this feature was removed, making it a painstaking process to have to hammer out every single character one at a time, but myself and all the other business owners that use and love this app are holding out hope that this changes like very soon! Hopefully on one of these next updates somebody cares about our feedback!

Pros

The phone app is so amazing to use, so easy and so complete..It's very easily customizable with your logo and information, and the invoices look sharp, clean & professional, with multiple options to send the invoices- PDF, links, etc.This app has become absolutely indispensable to my business.

Cons

The ONLY thing (but a major thing) that I've seen that's frustrated not only myself, but many many others that are part of a small business owner's forum, is the following-and I hope someone does something about it ASAP-In the phone app, we used to be able to use the Swype keyboard, speech to text & predictive text, making it a breeze to fill out or alter item descriptions and such.After one of these recent updates a few months ago, this capability was removed from those fields, obligating us to type one character at a time.This really killed the ease of use of this app, and while I still give it a glowing review, the truth is that if this doesn't get resolved in the near future, by next year I'll have to move on to an app that allows me to use my keyboard & speech to text to fill out these item descriptions.The only reason myself and many others have not switched is bc we've complained about it and we are all really hoping that the development team takes the 5 minutes it would take to switch this back to the way it was, and because of the fact that we all have developed a thorough item list that would be hard to start from scratch, but we are holding out hope bc it's our favorite!Please, Wave Dev team, please revert this function to it's original capabilities!

Alternatives Considered

QuickBooks Online

Reasons for Switching to Wave

I actually have QuickBooks and can use it for everything that I use wave for, but wave is just so ridiculously easy to use right off my phone, unfortunately like I mentioned above, if the capability of using swipe keyboard, speech to text, and predictive text in the item description fields is not restored in the next few updates, I might have to use my Quickbooks for more than just the accounting!
Obi
Overall rating
  • Industry: Arts & Crafts
  • Company size: 51–200 Employees
  • Used Weekly for 2+ years
  • Review Source

Overall rating

  • Value for Money
  • Ease of Use
  • Customer Support Software
  • Likelihood to recommend 9.0 /10

How I Pave Accounting Way with Wave

Reviewed on 02/09/2024

Pros

I use Wave as QB alternative on my end. I like that it automates repetitive accounting tasks such as AP, GL, financial management and payment matching.

Cons

However, Wave lack offline access and accounting capabilities for global enterprises.

Carlos
Overall rating
  • Industry: Telecommunications
  • Company size: 2–10 Employees
  • Used Weekly for 2+ years
  • Review Source

Overall rating

  • Value for Money
  • Ease of Use
  • Customer Support Software
  • Likelihood to recommend 10.0 /10

Ride the Wave of simplicity for Small Business Accounting

Reviewed on 18/01/2024

Wave account was my only choice when I realized how simple it was to do everything from my phone...

Wave account was my only choice when I realized how simple it was to do everything from my phone or tablet. No need to log into laptop or computer

Pros

Love how simple it is to setup and manage from anywhere, especially my phone

Cons

They recently shuttered their banking option, just when I was getting used to it

Alternatives Considered

HoneyBook and Xero

Reasons for Switching to Wave

The most robust system for staying mobile
Sidath
Sidath
Overall rating
  • Industry: Hospitality
  • Company size: 2–10 Employees
  • Used Daily for 2+ years
  • Review Source

Overall rating

  • Value for Money
  • Ease of Use
  • Customer Support Software
  • Likelihood to recommend 10.0 /10

I am extremely appreciative to the Wave Accounting System for allowing me to properly handle...

Reviewed on 12/11/2023

I have been using wave accounting System to manage the finances of our small business since 2017. I...

I have been using wave accounting System to manage the finances of our small business since 2017. I have had all the records since 2017.
It has been really useful to us. I am very glad to use the waive accounting system.
I highly recommend wave accounting system to the owners of small businesses.

Pros

It has all the options for managing the finances of a small business easily. You could create your invoices, send invoices via links, record payments, and enter all the expenses. You could track your income customer-wise. You could even manage your payroll.
Your total PNL is also calculated automatically. It is very user-friendly; anyone could use it

Cons

Cannot be connected to all the banks around the world. There is a list of supported banks and credit cards.

NISHA
Overall rating
  • Industry: Pharmaceuticals
  • Company size: 2–10 Employees
  • Used Weekly for 2+ years
  • Review Source

Overall rating

  • Value for Money
  • Ease of Use
  • Customer Support Software
  • Likelihood to recommend 10.0 /10

GREAT FOR SMALL BUSINESSES

Reviewed on 06/05/2024

Pros

PROS- ease of recurring billing, saves information for each company or customer needed to be sent invoices, you're able to change pricing for each product or service you are billing for

Cons

It is all online so you need to keep track of everything via internet

Robert
Overall rating
  • Industry: Accounting Software
  • Company size: 2–10 Employees
  • Used Weekly for 1+ year
  • Review Source

Overall rating

  • Value for Money
  • Ease of Use
  • Customer Support Software
  • Likelihood to recommend 0.0 /10

Worst Customer Service EVER

Reviewed on 05/09/2024

Horrid. Eventually you will have a question and need help. Even with the 16 dollar per month they...

Horrid. Eventually you will have a question and need help. Even with the 16 dollar per month they were completely un helpful and dismissive. All you have is chat that they send you pre written script blurbs. While the chat people are PC your in a hell of where they can not do anything.
It was like calling 911 and instead of someone sending help they just sit there and say "Oh that sounds bad, I understand, Golly darn."

Pros

At first it was useful. Glitchy but free.

Cons

Customer Service
Help Desk
The non existent manager
No phone to call even with a paid membership

Caroline
Caroline
Overall rating
  • Industry: Health, Wellness & Fitness
  • Company size: 2–10 Employees
  • Used Daily for 1+ year
  • Review Source

Overall rating

  • Ease of Use
  • Likelihood to recommend 10.0 /10

Great affordable payment and accounting software for small business

Reviewed on 04/01/2024

Pros

Managing client invoices, recurring payments and account dashboard to see the business profitability

Cons

Harder for my bookkeeper to use with tracking year end taxes and P&L (previously experienced with QB)

Allison
Overall rating
  • Industry: Marketing & Advertising
  • Company size: Self Employed
  • Used Weekly for 1+ year
  • Review Source

Overall rating

  • Value for Money
  • Ease of Use
  • Customer Support Software
  • Likelihood to recommend 9.0 /10

Great for personal and small business!

Reviewed on 23/10/2024

Pros

I like that there's a pretty robust free version and I can use it for both personal and business use. I can also link multiple business Wave accounts under a single login.

Cons

I sometimes have trouble reconciling credit card payments within the app.

Lourine
Overall rating
  • Industry: Insurance Software
  • Company size: 201–500 Employees
  • Used Daily for 2+ years
  • Review Source

Overall rating

  • Value for Money
  • Ease of Use
  • Customer Support Software
  • Likelihood to recommend 9.0 /10

My Expertise with Wave Accounting

Reviewed on 07/08/2023

Automate AP, AR and GL.Real-time billing and invoicing.

Automate AP, AR and GL.Real-time billing and invoicing.

Pros

Ever since I started using Wave Accounting, it has ever been seamless to carry out accounting tasks such as AP and AR without following manual procedures.

Cons

Unavailability of global enterprise accounting tools is the only flaw so far.

John
Overall rating
  • Industry: Human Resources Software
  • Company size: 2–10 Employees
  • Used Daily for 1-5 months
  • Review Source

Overall rating

  • Value for Money
  • Ease of Use
  • Customer Support Software
  • Likelihood to recommend 0.0 /10

Wave accounting is the worst.

Reviewed on 11/03/2024

Wave accounting is the worst. We are a niche recruiting firm. We receive large payments via ACH and...

Wave accounting is the worst. We are a niche recruiting firm. We receive large payments via ACH and Credit card. My first (and last) payment with Wave is the result of them holding my money for 7 business days, and on the 6th is retroactively asking me for information. After already approving my payments and invoicing, they get money and are now holding it. They want me to send them a copy of my contract with terms and conditions- again retroactively while holding my money. Over $20K is sitting there, for services I have already rendered, and I cannot collect it. Whats worse, I cannot call a supervisor- they must call me. I am researching a class action lawsuit so if anyone has had this same experience with Wave let me know. In the meanwhile, don't use Wave, and if you receive large ACH's Quickbooks can be paid for with 1 ACH fee- the charge a MAX of 1% or $10 (whichever is lower) Those fees add up.

Pros

To start with it is free; nice layout and ease of use

Cons

Their payment system and complete lack of customer service. You cannot speak with a human unless they call you. They charge too much for ACH transactions and do not have the requisite service to go with their charges. One ACH fee could pay for Quickbooks (better system) for a year.

Md. Sakiul
Overall rating
  • Industry: Accounting Software
  • Company size: 2–10 Employees
  • Used Daily for 2+ years
  • Review Source

Overall rating

  • Value for Money
  • Ease of Use
  • Customer Support Software
  • Likelihood to recommend 10.0 /10

Wave Accounting: Very user friendly accounting solution for the small businesses.

Reviewed on 15/11/2023

Pros

1) Easy to use
2) Free of cost for the accounting services
3) Highly recommended for the small business.

Cons

Not possible to download the bank/credit card transactions those are processed through bank.