
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.
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.
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Reviews
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- Industry: Design
- Company size: Self Employed
- Used Daily for 2+ years
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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 5/8/2021
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 OnlineReasons 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.- Industry: Marketing & Advertising
- Company size: 2–10 Employees
- Used Daily for 2+ years
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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 8/12/2022
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.
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- Industry: Food & Beverages
- Company size: 11–50 Employees
- Used Daily for 6-12 months
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Review Source
Overall rating
- Ease of Use
- Likelihood to recommend 10.0 /10
Top financial software
Reviewed on 26/8/2023
The experience with Wave Accounting really gives us a perspective.
The experience with Wave Accounting really gives us a perspective.
Pros
The thing I truly adore about Wave Accounting is its extremely precise and detailed trial balance and balance sheets.
Cons
There is nothing that I abhorr about Wave Accounting. As a matter of fact, it is the best accounting portal.
- Industry: Health, Wellness & Fitness
- Company size: 2–10 Employees
- Used Daily for 1-5 months
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Review Source
Overall rating
- Value for Money
- Ease of Use
- Customer Support
- Likelihood to recommend 0.0 /10
Dont do it. Terrible customer service. Processed my payroll and then declined but holding the...
Reviewed on 4/8/2023
HORRIBLE. They processed my payroll for my employees and then declined it after taking out the...
HORRIBLE. They processed my payroll for my employees and then declined it after taking out the money, and then proceeded to tell me the accounting people will take 5 business days to clear it back, AND ANOTHER 5 business days to appear in my bank. So they took thousands of dollars for a ride for 10 days. UNBELIEVABLE!
- Industry: Real Estate
- Company size: Self Employed
- Used Daily for 1+ year
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Review Source
Overall rating
- Value for Money
- Ease of Use
- Customer Support
- Likelihood to recommend 10.0 /10
Highly Recommend this for Small Business
Reviewed on 13/6/2023
My experience with Wave has been great and very helpful for our small business.
My experience with Wave has been great and very helpful for our small business.
Pros
I love how easy Wave is to use and that it is free. It has all the features I need and I don't really have any complaints about it.
Cons
I don't really have any complaints about it. It fits very well with our small business and makes bookkeeping simple.
Wave Accounting FAQs
Below are some frequently asked questions for Wave Accounting.Q. What type of pricing plans does Wave Accounting offer?
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
Q. Who are the typical users of Wave Accounting?
Wave Accounting has the following typical customers:
Self Employed, 2–10, 11–50, 51–200
Q. What languages does Wave Accounting support?
Wave Accounting supports the following languages:
English
Q. Does Wave Accounting support mobile devices?
Wave Accounting supports the following devices:
Android (Mobile), iPhone (Mobile)
Q. What other apps does Wave Accounting integrate with?
Wave Accounting integrates with the following applications:
Gmail, Microsoft Outlook, PayPal, Shoeboxed, Zapier
Q. What level of support does Wave Accounting offer?
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.
- Accounting Software
- Bookkeeping Software
- Accounts Receivable Software
- Reporting Tools
- Expense Report Software
- Billing and Invoicing Software
- Church Accounting Software
- Recurring Billing Software
- Payment Processing Software
- Real Estate Accounting Software
- Medical Accounting Software
- General Ledger Software