Wave

4.4 (1,588)
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Accounting, invoicing, and payroll management platform

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.


Images

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

Not sure about Wave? Compare with a popular alternative

Wave

4.4 (1,588)
VS.

Starting Price

US$20.00
year
US$297.00
month

Pricing Options

Free version
Free trial
Free version
Free trial

Features

77
31

Integrations

5
1

Ease of Use

4.4 (1,588)
4.1 (46)

Value for Money

4.6 (1,588)
4.3 (46)

Customer Service

4.0 (1,588)
4.3 (46)
Green rating bars show the winning product based on the average rating and number of reviews.

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Reviews

Overall rating

4.4 /5
(1,588)
Value for Money
4.6/5
Features
4.2/5
Ease of Use
4.4/5
Customer Support
4.0/5

Already have Wave?

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

Showing 5 reviews of 1,588
Proinsias
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

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

It was really cost, efficiency, and user interface. It looked good from the customer side and that was important for me.
Paul
Overall rating
  • Industry: Construction
  • 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 10.0 /10

Definitely the best invoicing app I've ever used!

Reviewed on 2023/10/06

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!
Samantha
Overall rating
  • Industry: Law Practice
  • Company size: 2–10 Employees
  • Used Weekly for 1+ year
  • Review Source

Overall rating

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

Not enough features and virtually NO customer support

Reviewed on 2022/06/01

It was fine when we had one part-time employee. But for all the real-life scenarios that pop up...

It was fine when we had one part-time employee. But for all the real-life scenarios that pop up when you have full-time employees, it's useless. The customer service is also super disappointing and unhelpful. We only use it for payroll, which should not require much in terms of software so I can't imagine trying to use it for accounting.

Pros

I like how easy it was to set-up--that process was straightforward and the interface initially was easy to understand. Unfortunately as we needed to do more after adding a full-time employee, it proved impossible to work with or use.

Cons

For payroll you have no options, and even when they recognize this, they don't provide a solution. A good example--we had an employee who had maxed out her vacation hours, but we agreed to let her take a few unpaid vacation days. There was no way for us to do this within Wave (you get paid vacation time or nothing). I chatted and even emailed with various representatives--all of which were super unhelpful, and we ended up wasting a lot of time before just being told this isn't an option. That's another huge con--there is virtually no support. The chat bot is not only unhelpful, but real agents are usually unavailable or there's a 20+ minute wait. The system is also not improving like I'd expect. I was notified today that my card declined for some reason so I followed the instructions that Wave emailed me to try to fix it, and it's like someone wrote them without looking at Wave's website because none of the instructions match. Not only is there not a change payment button but there's a Q/A at the end of the page where a user specifically asked this question, and there's no answer! I kick myself for picking this software, and we're in the process of moving to Gusto right now.

Alternatives Considered

QuickBooks Payroll and Gusto

Reasons for Switching to Wave

Price and what we thought was ease of use. Now the price has gone up to match competitors (but the features have not), so it was a mistake.
Joseph
Overall rating
  • Industry: Civic & Social Organization
  • Company size: 11–50 Employees
  • Used Daily for 1+ year
  • Review Source

Overall rating

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

The Progressive Finance Managing Platform

Reviewed on 2024/03/12

The program creates a robust accounting solution, where ever transaction is fully screened and...

The program creates a robust accounting solution, where ever transaction is fully screened and proper follow up done.

Pros

The management of all general ledgers is something the software is well controlled.
There is the transaction recording, where proper accounting is done and budgeting enhanced.

Cons

The capital budgeting details are not well elaborated, and this calls for more involvement with the vendor.

Sheila
Overall rating
  • Industry: Consumer Services
  • 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 10.0 /10

Wave Accounting is the absolute best

Reviewed on 2023/10/31

Our experince with this program has been great and we would not use another program. Our administrat...

Our experince with this program has been great and we would not use another program. Our administrative staff has been able to use the program with minimal training. We love the program and will continue to use it.

Pros

Wave is a simply to use accounting program that allows us to create invoice, receive payemnts, view and print reports and keep up with money that is owed to us. We are able to use this program for all of our accounting and bookkeeping needs. It is so easy to use and the product support is superior to other accounting programs.

Cons

There is nothing not to like about this program

Showing 5 reviews of 1,588 Read all reviews

Wave FAQs

Below are some frequently asked questions for Wave.

Wave offers the following pricing plans:

  • Starting from: US$20.00/year
  • 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 has the following typical customers:

Self Employed, 2–10, 11–50, 51–200

Wave supports the following languages:

English

Wave supports the following devices:

Android (Mobile), iPhone (Mobile)

Wave integrates with the following applications:

Gmail, Microsoft Outlook, PayPal, Shoeboxed, Zapier

Wave offers the following support options:

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

Related categories

See all software categories found for Wave.