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, India and 3 others

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: 76

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

Alternatives

Zoho Books

4,4
#1 Alternative to Wave Accounting
Zoho Books is an online accounting software designed to streamline back office operations, automate workflows, and...

Zoho Expense

4,6
#2 Alternative to Wave Accounting
Zoho Expense has powerful features to manage business travel and booking, tighten control on spend, and customize and...

QuickBooks Desktop Enterprise

4,5
#3 Alternative to Wave Accounting
QuickBooks Desktop Enterprise is an accounting software for small businesses which provides users with real-time access...

Stripe

4,7
#4 Alternative to Wave Accounting
Stripe is an online payment processing tool for internet businesses. Stripe handles everything, including storing...

Reviews

Overall rating

4,4 /5
(1 406)
Value for Money
4,7/5
Features
4,2/5
Ease of Use
4,5/5
Customer Support
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 1 406
Proinsias
Overall rating
  • Industry: Online Media
  • Company size: Self Employed
  • Used Daily for 2+ years
  • Review Source

Overall rating

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

Wave Accounting is great for a Startup Business

Reviewed on 2021/03/03

I was very happy with the invoicing, payments, and the Design and functionality. I was able to...

I was very happy with the invoicing, payments, and the Design and functionality. I was able to search past transactions very easily. I did not pay for premium support, but the support that I recieve is excellent.

Pros

It was free to use the accounting services
I was able to invoice customers using Stripe as a Payment Gateway which was great value
The Design and User Interface is very professional compared to others that I have seen
The Payment Gateway was also very professional when sent to customers, it added to the credibility of the business

Cons

My particular Bank would not allow me to sync my account with Wave, but that was a local issue not a general issue.
I was very very happy with the invoicing. but I always felt that the ledger views were not as robust.

Alternatives Considered

Sage 100 and Zoho Expense

Reasons for Choosing Wave Accounting

The functionality that I really needed was free and I was very happy with that.

Switched From

Sage 100 and Zoho Expense

Reasons for Switching to Wave Accounting

It was really cost, efficiency, and user interface. It looked good from the customer side and that was important for me.
Theodore
Overall rating
  • Industry: Broadcast Media
  • Company size: Self Employed
  • Used Weekly for 2+ years
  • Review Source

Overall rating

  • Value for Money
  • Ease of Use
  • Customer Support
  • Likelihood to recommend 2.0 /10

Customer Service is abysmal

Reviewed on 2023/03/22

I loved it until I needed a document amended. Now I'm considering going back to Quickbooks so I...

I loved it until I needed a document amended. Now I'm considering going back to Quickbooks so I have control over my own W2 and W3 filings.

Pros

I like the ease of use n invoicing and invoice tracking.

Cons

I've been trying to get a W3 corrected for 3 weeks. I would do it myself, but the software won't allow that. I've had 2 chats and sent 3 emails. Their accounting department hasn't even called me back.

Josh
Overall rating
  • Industry: Marketing & Advertising
  • Company size: 2–10 Employees
  • Used Weekly for 2+ years
  • Review Source

Overall rating

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

Worst customer service of any financial app I use

Reviewed on 2023/02/25

After years of being with them, the one time I had to reach out to customer service for something...

After years of being with them, the one time I had to reach out to customer service for something (and it was a big one--payroll), I was lied to and it dramatically affected me and my business. I switched to Quickbooks that day. A few days later, I get a message that says they have suspended my account (but I already left :). LOL

Pros

I loved at how easy it was to just duplicate invoices and charge people's credit cards.

Cons

WORST customer service I've ever dealt with. They literally just lied to me, which in turn made me lie to my employees about getting paid. I never should have believed them, and passed down that information to my employees. Stupid of me for trusting this company.

Jamie
Overall rating
  • Industry: Marketing & Advertising
  • Company size: 2–10 Employees
  • Used Daily for 2+ years
  • Review Source

Overall rating

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

Everything a small business needs for invoicing

Reviewed on 2022/12/08

I love Wave. I switched from Freshbooks years ago and it was such a good move. Wave is so easy to...

I love Wave. I switched from Freshbooks years ago and it was such a good move. Wave is so easy to use which means you save time and money.

Pros

Wave is super simple to use. It's well laid out, intuitive and easy to use. I've been using Wave for years after switching from Freshbooks.

Cons

Occasionally, Wave has issues sending invoices to Gmail addresses. This is very surprising given how prevalent Gmail is and I would hope they'd sort this out.

Alternatives Considered

FreshBooks and Quickbooks Online

Reasons for Choosing Wave Accounting

One of my customers turned me onto Wave. I wasn't necessarily looking to switch, but after checking them out it was an easy decision to make.

Switched From

FreshBooks
Assimi
Overall rating
  • Industry: Telecommunications
  • Company size: 501–1 000 Employees
  • Used Weekly for 2+ years
  • Review Source

Overall rating

  • Ease of Use
  • Likelihood to recommend 10.0 /10

Easy to use

Reviewed on 2023/03/01

Wave accouting is a software that really helps small and large companies move forward like mine. It...

Wave accouting is a software that really helps small and large companies move forward like mine. It is fantastic

Pros

Accounting software that has a free and easy to use option for small businesses. It also has like many of the best software a user-friendly interface. Our company is doing well with this software

Cons

Except for the customer service which is a bit slow sometimes, we have no problem with this software.

Showing 5 reviews of 1 406 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, Chat

Related categories

See all software categories found for Wave Accounting.