Wave Accounting

Accounting, invoicing, and payroll management platform

About Wave Accounting

Wave is a fully integrated solution designed for small businesses with 9 employees or less. With our total focus on small business owners, you’ll never have to navigate inflated or cluttered to find what you need, right now. With an easy to navigate interface and single login, it’s never been easier to find what you need, when you need it.
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Use the 100% free accounting tools in Wave to gain the insights you need, without the legwork. With our automatic bank connections, your information flows seamlessly into Wave, without the manual entry. And even though it’s easy to navigate and understand, it’s still a real, double-entry application. Collaborate with your accountant or bookkeeper in real-time, and save both of you time!
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Use Wave’s invoicing tools to collect your money faster. Choose the template that best reflects your business, load your own logo, and choose a color for your invoices. Email invoices right from Wave, and collect credit card payments through our payment processing. Use Wave’s invoicing tools to stay professional, get paid faster, and keep track of where your money is.
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Everyone loves getting paid, but no one likes running payroll. Now, use Wave’s Payroll tools in America and Canada to take the headaches out of running your payroll. With guaranteed accuracy, direct deposit and employee self-service all included, at $5 per employee per month or less it’s never been more affordable for your employees to get paid.
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Use Wave’s personal finance tools to gain better insights into where your money goes. With simple budgeting tools, real time investment tracking, and more, Wave’s personal tools are the best way to master your personal finances.

Pricing starting from:

Not provided by vendor

  • Free Version
  • Free Trial
  • Subscription

Top 5 alternatives to Wave Accounting

Key benefits of Wave Accounting

Wave is 100% focused on the real small business owners, with nine employees or less. That means you’ll never see cluttered, complicated software that you can’t navigate, never mind understand.



What you will see is all the tools you need to gain better insights into your personal and business finances, all with one login. Whether it’s invoicing, payroll, or personal investment tracking, the days of multiple logins are in the past. And with free accounting and invoicing tools and totally affordable payroll, getting organized has never been more affordable.



Get paid faster, gain insights into your businesses financial health, know where your money goes and pay your employees, all with Wave.

Typical Customers

  • Freelancers
  • Small Businesses (2-50)
  • Mid-size Companies (51-500)
  • Large enterprises (500 and more)

Deployment

  • Cloud-based
  • On-premise

Markets

Australia, Canada, China, Germany, United Kingdom , India, Japan, United States

Supported Languages

English

Pricing starting from:

Not provided by vendor

  • Free Version
  • Free Trial
  • Subscription

Top 5 alternatives to Wave Accounting

Images

Wave Accounting Software - Wave Dashboard
Wave Accounting Software - Wave Accounting
Wave Accounting Software - Wave Invoice Creation
Wave Accounting Software - Wave Invoice Schedule
Wave Accounting Software - Wave Invoice List
Wave Accounting Software - Wave Payments
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Wave Accounting video
Wave Accounting Software - Wave Dashboard
Wave Accounting Software - Wave Accounting
Wave Accounting Software - Wave Invoice Creation
Wave Accounting Software - Wave Invoice Schedule
Wave Accounting Software - Wave Invoice List
Wave Accounting Software - Wave Payments

Features

Total features of Wave Accounting: 73

  • ACH Payment Processing
  • Access Controls/Permissions
  • Account Reconciliation
  • Accounting Integration
  • Accounting Software
  • Accounts Payable Software
  • Accounts Receivable Software
  • Activity Dashboard
  • Activity Tracking
  • Alerts/Notifications
  • Automatic Billing
  • Bank Reconciliation
  • Billing & Invoicing
  • Budgeting/Forecasting
  • CPA Firms
  • Cash Flow Management
  • Cash Management
  • Collaboration Tools
  • Core Accounting
  • Credit Card Processing
  • Currency Conversion
  • Customer Statements
  • Customizable Branding
  • Customizable Templates
  • Data Import/Export
  • Electronic Payments
  • Email Reminders
  • Estimating
  • Expense Tracking
  • Financial Analysis
  • Financial Management Software
  • Financial Reporting Software
  • Fixed Asset Management Software
  • For Government
  • For Real Estate
  • For Religious Organizations
  • For Small Businesses
  • Fund Accounting Software
  • General Ledger
  • Income & Balance Sheet
  • Inventory Management Software
  • Invoice Creation
  • Invoice History
  • Invoice Management
  • Invoice Processing
  • Mobile App
  • Multi-Currency
  • Nonprofits
  • Online Invoicing
  • PCI Compliance Software
  • Partial Payments
  • Payroll Management
  • Profit/Loss Statement
  • Project Accounting Software
  • Purchase Order Management
  • Real Time Notifications
  • Real-time Updates
  • Receipt Management
  • Receivables Ledger
  • Recurring Invoicing
  • Recurring/Subscription Billing
  • Reminders
  • Remote Access/Control
  • Reporting & Statistics
  • Revenue Recognition
  • SSL Security
  • Sales Tax Management
  • Spend Management Software
  • Status Tracking
  • Tax Management Software
  • Third Party Integrations
  • Time & Expense Tracking
  • Transaction History

Alternatives

Square Payments

4.7
#1 Alternative to Wave Accounting
Square Payments is an online payment processing solution which integrates with Square hardware & POS software to allow...

MoonClerk

4.4
#2 Alternative to Wave Accounting
MoonClerk is a cloud-based billing and online payment solution which enables users to create online payment forms for...

Square Point of Sale

4.7
#3 Alternative to Wave Accounting
Square Point of Sale is a POS solution for Android and iOS devices which includes tools for managing payments, digital...

Harvest

4.6
#4 Alternative to Wave Accounting
Harvest is an easy online time-tracking software that can help you answer critical questions about your team's time and...

Reviews

Overall rating

4.4 /5
(1,315)
Value for Money
4.7/5
Features
4.2/5
Ease of Use
4.5/5
Customer Support Software
4.1/5

Already have Wave Accounting?

Software buyers need your help! Product reviews help the rest of us make great decisions.

Showing 5 reviews of 1,315
Josh
Overall rating
  • Industry: Design
  • Company size: Self Employed
  • Used Daily for 2+ years
  • Review Source

Overall rating

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

Awesome free accounting online software for your business that is super professional!

Reviewed on 05/08/2021

There is very little more I can ask for with Wave for my small business. It is free for the...

There is very little more I can ask for with Wave for my small business. It is free for the features I need and allows me to take only ACH or credit card payments with a reasonable fee and I only pay the fixed percentage when I use those features so I can just turn it off and get a check from a client and not pay anything. Great Flexibility!

Pros

Its free for small businesses that just need a good business accounting software! You can take ACH and CC payments if you want and turn them off on invoices you don't want it on. The rates are reasonable enough for using these services. The reports are easy enough for doing taxes. It's awesome and cheap for those that are one man shows or freelancers.

Cons

The thing that is the most annoying is when you want to do a recurring billing. It doesn't use something like Maintenance contract #1 then go to #2 or something like that it makes recurring billing invoice names that were the most recent of any invoices. Maybe I am not using it correctly, but each time I have to go and change invoice names then manually send it to the client.

Alternatives Considered

Quickbooks Online

Reasons for Switching to Wave Accounting

I originally chose Wave as it was free. Now I just love it and it works well for me so no reason to even look somewhere else.
Barbara
Overall rating
  • Industry: Accounting Software
  • 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

We no longer accept Quickbooks clients after finding WAVE Accounting!

Reviewed on 09/10/2022

No matter what complaints we have, we 100% now use Wave Accounting. We no longer accept Quickbooks...

No matter what complaints we have, we 100% now use Wave Accounting. We no longer accept Quickbooks clients and encourage any nw client consultations to switch over. For every new start-up business we assist, we automatically set up a wave accounting software for them and help them sync their busienss bank accounts. We also assist former Quickbooks users to switch over and set everything up for them.

Pros

This software is 100% FREE to use! No gimmicks, no catches. I was skeptical when one of my clients told me he used this. I did NOT want to lean yet another accounting software, but once I logged in and found out how easy and streamlined this software was to use, I was 100% sold on it! The ONLY fees they charge are IF you decide to use their payroll (I highly advise AGAINST using their payroll, it needs an overhaul), or IF you use them for payment processing of invoices you send to clients. The fees for using their payment processing are similar to those of Square and Stripe and a small price to pay for the amazing software. I would encourage you to use their payment processing so this service can remain on the free billing platform with no monthly charges!

Cons

1) Reporting abilities are lackluster! No way to print "no receipts attached" reports for clients. 2) Sometimes has glitches. We will work in this software, then log in later and all of the work we did has disappeared. Major panic attacks more than once! Still having problems with one account in particular. If I log in on an incognito window, the work is there again (sometimes). 3) Payroll systems SUCKS. I do not recommend! Square payroll is our go-to! 4) Chart of accounts is OUTDATED and does NOT match Schedule C nor S-Corporation tax return expense line items. We should be able to customize a chart of accounts the way we want it and be able to copy/paste it into other client accounts 5) Accountant login is great except the list is not always alphatized correctly. We should be able to alphabetize and/or sort by PRIORITY account 6) Need an easier/quicker way to upload receipts

Alternatives Considered

FreshBooks

Reasons for Choosing Wave Accounting

The EASE of use, the FREE software vs. the monthly expese of Quickbooks, How QUICK it is to reconcile monthly.

Reasons for Switching to Wave Accounting

Free software; easy to use; quick to learn; ease to reconcile; accountant login
Aninda
Overall rating
  • Industry: Information Technology & Services
  • Company size: 501-1,000 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

Simplistic Accounting System

Reviewed on 24/10/2022

Wave accounting was great till we used it. Later as our business expanded we wanted more features...

Wave accounting was great till we used it. Later as our business expanded we wanted more features to be integrated in the system which is why needed to make the switch from Wave Accounting system.

Pros

I'd say Wave is a Simplistic Accounting System, easy to get started with and perfect for SMEs or small enterprises.

Cons

This app isn't scalable as in as your business data grows large, this app becomes sluggish and performs poorly

Summer
Overall rating
  • Industry: Transportation/Trucking/Railroad
  • 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

Wave has everything you need to run a small business

Reviewed on 06/08/2022

I LOVE this software. I have been using it without issue for 2 years + without issue and it has...

I LOVE this software. I have been using it without issue for 2 years + without issue and it has really helped me organize my business. I will definitely stay with them as long as I can

Pros

The best thing about WAVE is its ease of use. It was so easy to learn to use this. Additionally the invoices are really customizable. There is a huge amount you can do with just the free version but if you upgrade to the paid version you can access a lot more of the accounting features and payment features.

I like that for security reasons the software logs you out at the end of the day. The invoices look very professional and are downloadable and can be sent with a pdf attachment. When a partial payment is made you can send a receipt reflective of how much was paid, how, when and with how much balance left. The software will also alert me when a payment is overdue. You can also add tax and discounts to the invoices.

Cons

The only gripe I have is that when I made changes to the invoice parameters, I was unable to delete the old parameters because they had been used in previous invoices. It would be nice to be able to "inactivate" or send to "archive" these parameters.

Alternatives Considered

FreshBooks

Reasons for Choosing Wave Accounting

This software is totally customizable, will send emails to clients automatically and has an accounting component. It is MUCH better and more professional than anything I could do with pages.

Switched From

Pages

Reasons for Switching to Wave Accounting

cost
Jonathan
Overall rating
  • Industry: Computer Software
  • Company size: 11-50 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 brilliance of Wave Accounting

Reviewed on 31/10/2022

I can invoice my clients from my phone, I get notified when the invoices are opened as well.

I can invoice my clients from my phone, I get notified when the invoices are opened as well.

Pros

It is very simple and easy to use. Our financial team required no extra training.

Cons

It sometimes slows down and also there is no desktop application that i am aware of.

Alternatives Considered

Quickbooks Online and Zoho Invoice

Reasons for Choosing Wave Accounting

Zoho was abit highly priced

Switched From

Zoho SalesInbox

Reasons for Switching to Wave Accounting

Wave were the cheapest and easiest to use.
Showing 5 reviews of 1,315 Read all reviews

Wave Accounting FAQs

Below are some frequently asked questions for Wave Accounting.

Wave Accounting offers the following pricing plans:

  • Starting from:
  • Pricing model: Free Version, Subscription
  • Free Trial: Available

Accounting & Invoicing - Free Receipt Management - Free Credit card processing - $0.30 + 2.9% per transaction Bank payment/ACH processing - 1% per transaction ($1 minimum fee) Payroll (tax service states): $35/month base fee + $4/active employee + $4/independent contractor paid Payroll (self service states): $20/month base fee + $4/active employee + $4/independent contractor paid

Wave Accounting has the following typical customers:

Self Employed, 2-10, 11-50, 51-200

Wave Accounting supports the following languages:

English

Wave Accounting supports the following devices:

Android (Mobile), iPhone (Mobile)

Wave Accounting integrates with the following applications:

Gmail, Microsoft Outlook, PayPal, Shoeboxed, Zapier

Wave Accounting offers the following support options:

Email/Help Desk, FAQs/Forum, Knowledge Base Software, Chat

Related categories

See all software categories found for Wave Accounting.