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.

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!

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.

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.

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.


Business size



United States, Canada, United Kingdom, Australia, China and 3 others, India, Japan, Germany

Supported Languages



Wave Dashboard
Wave Accounting
Wave Invoice Creation
Wave Invoice Schedule
Wave Invoice List
Wave Payments
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Wave video
Wave screenshot: Wave Dashboard Wave screenshot: Wave Accounting Wave screenshot: Wave Invoice Creation Wave screenshot: Wave Invoice Schedule Wave screenshot: Wave Invoice List Wave screenshot: Wave Payments


Total features of Wave: 57

  • ACH Payment Processing
  • Access Control
  • Account Reconciliation
  • Accounting Integration
  • Accounting Management
  • Activity Dashboard
  • Activity Tracking
  • Automated Billing
  • Automated Scheduling
  • Automatic Backup
  • Automatic Notifications
  • Balance Sheet
  • Billing & Invoicing
  • Cash Flow Management
  • Cash Management
  • Collaboration Tools
  • Credit Card Processing
  • Currency Conversion
  • Customizable Branding
  • Customizable Categories
  • Customizable Templates
  • Data Extraction
  • Data Import/Export
  • Data Synchronization
  • Document Imaging
  • Document Templates
  • Drag & Drop Interface
  • Electronic Payments
  • Email Invitations & Reminders
  • Estimating
  • Expense Tracking
  • Filtered Views
  • Financial Analysis
  • Financial Management
  • General Ledger
  • Invoice Management
  • Invoice Processing
  • Multi-Country
  • Multi-Currency
  • Offline Access
  • PCI DSS Compliance
  • Partial Payments
  • Payroll Management
  • Permission Management
  • Preview Functionality
  • Profit / Loss Statement
  • Real Time Notifications
  • Real Time Updates
  • Recurring Billing
  • Reminders
  • Reporting & Statistics
  • SSL Security
  • Sales Tax Management
  • Status Tracking
  • Summary Reports
  • Third Party Integration
  • Transaction History



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Overall rating

4,4 /5
(1 011)
Value for Money
Ease of Use
Customer Support

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Showing 5 reviews of 1 011
Kathy P.
Overall rating
  • Industry: Professional Training & Coaching
  • Company size: Self Employed
  • Used Other for 2+ years
  • Review Source

Overall rating

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

Very Good alternative for invoicing customers

Reviewed on 2019/11/19

Their invoicing system is easy to use and makes it easy for me to manage most of my clients.I look...

Their invoicing system is easy to use and makes it easy for me to manage most of my clients.I look forward to trying out their accounting services. I decided to give Wave a try when my PayPal acct was on hold. I still use both.


I have only used the invoicing part of this software. I love it for the most part. I =t is missing a feature or two


I found that I could not let my clients submit partial payments, or it wasn't clear on how to do it. Multiple payments was not flexible enough for my needs. I would have liked to be able to schedule the payments by specific date rather than genericall as ay, week, month, etc

Felix J.
Overall rating
  • Industry: Accounting
  • Company size: 5 001-10 000 Employees
  • Used Daily for 6-12 months
  • Review Source

Overall rating

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

A Solid Free Small Business Accounting Software

Reviewed on 2019/09/02

It’s been a solid piece of cloud accounting software, albeit limited. It’s hard to beat the price...

It’s been a solid piece of cloud accounting software, albeit limited. It’s hard to beat the price of it, and I have yet to find a similar but more fully featured one at the price of FREE!


I use Wave to keep track of my personal finances, from income to spending. In that lens, Wave performs quite well, allowing you to tag transactions that are automatically imported from your bank. It also lets you generate some simple reports such as your income statement, balance sheet, and cash flow. The interface is simple to use and understand, and I was able to pick it up (coming from an accounting background) in under a few minutes, without having gone through a walkthrough. The included ability to reconcile statements is also quite handy and allows me to verify that all transactions are posted appropriately. The inclusion of receipt tracking and tagging is also quite handy!

The best part about Wave is the price! If you don’t need features such as invoicing and payroll (some SMB’s may find these handy. From a personal perspective, I did not), the accounting software is completely free.


Wave still appears to be in its infancy, although the product has been there for a while. The user interface will frequently be updated (the reconciliation flow changed 3 times since I signed up about 6 months ago), and new features will constantly be added without any notification, often shifting often things around from where you expect them to be.

The reports from Wave are also very limited, so don’t expect any customizable reports as of 08/2019. You get about 12 reports total, some or all of which may not be very relevant to you, depending on your end goal. These reports are completely canned, system generated, and you do not have the ability to create new reports. This may change in the future, but as it stands, this is the current state of affairs.

The receipt tracking feature is definitely handy to have. While Wave will OCR your receipts and tag them to a category, it will actually post an entire transaction to the ledger when you save it down. For those of us with a bank account and credit card linked to auto import transactions, you’ll get a duplicate: one from the CC, and one from the receipt. It would be nice if Wave included some intelligence to automatically match the receipt and transaction together, but for now, you need to manually merge each.

Finally, as a small point, Wave does not obtain any service assurance through SOC1 or SOC2 reports, an issue that most people wouldn’t ever care about.

Cheikh B.
Overall rating
  • Industry: Computer Software
  • Company size: Self Employed
  • Used Daily for 6-12 months
  • Review Source

Overall rating

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

Good accounting software

Reviewed on 2021/01/12

The speed with which the credit cards were processed automatically saved me a lot of time.

The speed with which the credit cards were processed automatically saved me a lot of time.


This is a very complete software that allows you to build quotes and convert them into invoices in a fraction of a second without much effort.

Wave is excellent especially when it comes to credit card processing which is done automatically with a very low 1% fee.

It is very easy to set up and use and the cost is low or even free. Personally, I recommend buying this package because it comes with support: from setting up your account to the specific categories for your company .

The other advantage of Wave is the presence of a number of applications to send invoices when you are away from your workplace.

So even when you're away from home you can download them. In this case, all you have to do is take the photo on the spot.


The problem on the Wave software is not so numerous, but we notice that it is impossible to close a period correctly.

All members who are able to make transactions have the possibility to change or add entries from the previous year.

For me an administrator must have the ability to close a period so that no changes are made. User growth is also very limited.

The lack of audit trails for transaction entries is also a case of imperfection at Wave . Admittedly, it is possible to generate transactions, then generate reports, then cancel the transactions, etc.

But there is no proof that these changes are made yes or no, because the software is unable to remember its categorizations.

The keyword search function is absent from Wave in the transactions section and sometimes it makes us lose a lot of time.

Luke G.
Overall rating
  • Industry: Retail
  • Company size: 2-10 Employees
  • Used Daily for 2+ years
  • Review Source

Overall rating

  • Value for Money
  • Ease of Use
  • Customer Support
  • Likelihood to recommend 1.0 /10

A data-import nightmare - Stay away unless you love lost transactions

Reviewed on 2020/02/12

Support has been poor quality. As a paying customer of both their payroll service (which is solid)...

Support has been poor quality. As a paying customer of both their payroll service (which is solid) and their accounting coaching, I'm tremendously disappointed with the platform.


The software at it's core is very easy to use. The reliability is however a complete failure.


Throughout the past 3 years, Wave has been a game of 'make sure my bank works.' First, I closed incompatible credit card accounts in order to open accounts that were listed as compatible. A year later, Wave lost the connection with all of capital one due to an issue with switching data providers (from Plaid).

Next, Chase bank cards also disappeared. When finally reconnecting, weeks worth of transactions were intermittently missing. For a software company who's core goal is to reduce manual data entry, this platform is a nightmare. Stay away.

Michael M.
Overall rating
  • Industry: Music
  • Company size: Self Employed
  • Used Daily for 1+ year
  • Review Source

Overall rating

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

Wave Was/Is My Go To From QB Online

Reviewed on 2020/11/20

My overall experience has been great! I have to do some thinking/remembering at tax time to...

My overall experience has been great! I have to do some thinking/remembering at tax time to separate the double entries of income. I show an invoice paid by check WAVE shows that income on my account. I go to the bank and deposit, there is that check again. For the total amount of money saved, around $450-500, I will put up with it.


It is FREE in the cloud, works on ALL platforms Windows 7,10, Android, iphones. Accepts all credit cards including Amex for 2.9% I am saving $420+ yearly by not having QB, I don't have to print invoices. Since WAVE is in the cloud I email my invoices and receipts.


I wish it had more storage of customer service that has been performed in the past but I suspect that would require some expense. It only had 3 invoice templates and there wasn't much customization on those. You can't compound taxes on your invoices, let me rephrase, you can compound 1 tax but no more. Since my only taxes are State and County I found it best to compound none for fear of forgetting which one I had compounded

Showing 5 reviews of 1 011 Read all reviews

Wave FAQs

Below are some frequently asked questions for Wave.

Wave offers the following pricing plans:

  • Starting from: US$0,00
  • Pricing model: Free
  • Free Trial: Not 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 offers the following features:

  • 256-bit encryption
  • Accept all major credit cards
  • At-a-glance dashboards
  • Automatic data backup
  • Automatic exchange rate calculations
  • Automatic reports
  • Balance sheets
  • Bank integrations to eliminate manual entry
  • Bill and invoice reminders
  • Billing and Invoicing
  • Built-in payroll
  • Cash balances and invoice status
  • Collaboration tools
  • Connect bank accounts and credit cards
  • Credit Card payment processing in America and Canada
  • Customizable sales taxes
  • Expense tracking
  • Financial reporting (Ledger, A/R, A/P, Income, Balance Sheet
  • Fully integrated single login solution
  • Investment tracking
  • Journal transactions
  • Multi-currency
  • PCI Level-1 certified
  • Personal budgeting tools
  • Personal finance tracking
  • Professional reports
  • Profit and Loss
  • Profit and loss statement
  • Real double entry accounting
  • Real double-entry accounting
  • Receipt scanning
  • Sales tax reports
  • Seamless invoicing & payroll

Wave has the following typical customers:

Small Business, Public Administrations, Non Profit, Freelancers

Wave supports the following languages:


Wave supports the following devices:

Android, iPhone

Wave integrates with the following applications:

APIANT, Genesis Chiropractic Software, Google Drive, InvoiceSherpa, Metric.ai, MinuteDock, Paycove, Shoeboxed, Stripe, Workato

Wave offers the following support options:

FAQs, Forum, Knowledge Base, Online Support, Video Tutorials

Related categories

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