About Wave
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.
Key benefits of Wave
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.
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Reviews
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Software buyers need your help! Product reviews help the rest of us make great decisions.
- Industry: Nonprofit Organization Management
- Company size: Self Employed
- Used Weekly for 1+ year
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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.
- Industry: Accounting Software
- Company size: 11–50 Employees
- Used Daily for 6-12 months
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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.
- Industry: Consumer Services
- Company size: Self Employed
- Used Daily for 1-5 months
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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!
- Industry: Mental Health Care
- Company size: Self Employed
- Used Weekly for 2+ years
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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.
- Industry: Accounting Software
- Company size: 2–10 Employees
- Used Daily for 2+ years
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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.
Wave FAQs
Below are some frequently asked questions for Wave.Q. What type of pricing plans does Wave offer?
Wave offers the following pricing plans:
- Starting from: $16.00/month
- Pricing model: Free Version, Subscription
- Free Trial: Available
Wave offers two main pricing plans: Starter and Plus. The Starter plan is designed for businesses looking to manage their finances effectively. It includes features such as creating unlimited estimates, invoices, bills, and bookkeeping records, as well as the option to accept online payments and invoice on-the-go through the Wave app. On the other hand, the Plus plan builds upon these functionalities by providing more advanced features to streamline financial processes. These features include auto-importing bank transactions, auto-merging and categorizing bank transactions, digitally capturing unlimited receipts, and tracking expenses. Users of the Plus plan also benefit from automated late payment reminders, helping them stay on top of their financial obligations. Additionally, the Plus plan offers the option to accept online payments at a discounted rate, enhancing convenience and cost-efficiency for businesses. Ultimately, while the Starter plan is ideal for basic financial management tasks, the Plus plan caters to businesses seeking a more comprehensive solution with advanced automation features and additional tools to ensure efficient financial operations. 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
Q. Who are the typical users of Wave?
Wave has the following typical customers:
Self Employed, 2–10, 11–50, 51–200
Q. What languages does Wave support?
Wave supports the following languages:
English
Q. Does Wave support mobile devices?
Wave supports the following devices:
Android (Mobile), iPhone (Mobile)
Q. What other apps does Wave integrate with?
Wave integrates with the following applications:
Gmail, Microsoft Outlook, PayPal, Shoeboxed, Zapier
Q. What level of support does Wave offer?
Wave offers the following support options:
Email/Help Desk, FAQs/Forum, Knowledge Base Software, Chat
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