Wave

4.4 (1,628)
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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.


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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
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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 (1,628)
VS.
Most reviewed

Starting Price

USD 16.00
month
USD 0.30

Pricing Options

Free version
Free trial
Free version
Free trial

Features

78
35

Integrations

5
107

Ease of Use

4.4 (1,628)
4.5 (3,139)

Value for Money

4.6 (1,628)
4.4 (3,139)

Customer Service

4.0 (1,628)
4.3 (3,139)
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
(1,628)
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 1,628
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 03/03/2021

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.
Chantel
Overall rating
  • Industry: Health, Wellness & Fitness
  • 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

Bookkeeping made simple

Reviewed on 01/04/2024

My accountant recommended Wave as an upgrade from using Excel to document my income/expenses and it...

My accountant recommended Wave as an upgrade from using Excel to document my income/expenses and it has made my life so much easier, my accounting/bookkeeping takes half the time and my reports are ready in an instant. It has been easy to help me keep track of any expenses I may have missed throughout the year as well.

Pros

Wave is so user friendly, it's made all my bookkeeping seamless.

Cons

If I had to choose it would be simpler invoicing/receipt creation.

Alternatives Considered

QuickBooks Online

Reasons for Choosing Wave

My accountant recommended it and i was looking for something simpler.

Switched From

Microsoft Excel

Reasons for Switching to Wave

Wave was free and made sense as I'm a solo entrepreneur with minimal expenses
Celine
Overall rating
  • Industry: Marketing & Advertising
  • Company size: 2–10 Employees
  • Used Monthly for 2+ years
  • Review Source

Overall rating

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

Worst nightmare during the worst time

Reviewed on 26/11/2023

About 6 months into the business, we heard of wave. We are based on the west coast, and saw that...

About 6 months into the business, we heard of wave. We are based on the west coast, and saw that they were on the east coast in Canada, but we had clients in different time zones, so that was no issue. Starting out, we wanted to make a good impression, so we had 5 clients run through wave, our biggest one being my cousin's boyfriend, although that was never disclosed because it didn't have to be. Further along, readers will understand why I mentioned it. We had transactions that averages between $500-$2000, but he was the main client that we used with wave. Overall, he paid us $12,000 for all of his small businesses as he is an entrepreneur. They saw that he had made many payments within a span of 3 months, and froze our account altogether, saying that they could not release the funds until 6 months had passed, and even gave us the specific day the funds were to be released. We didn't know what to do, so we waited the entire 6 months. When we reached out to them, they told us to collect payment in another way, but they had already collected payment for us, and we can't double charge anyone. It makes no sense. [sensitive content hidden] (her boyfriend) was furious, and tried to call the company several times himself, but THERE IS NO ACTUAL PHONE LINE for them! So all that could be done were emails that were ignored. He had business up in Canada and somehow got ahold of someone, asking to refund his money so he could pay us directly, but again received no response. 6 months passed and we never received our money. My cousin would log on daily and we had our business account linked to it, so all was in order, but all it was was a copy of everything wells Fargo had. We tried for 2 years to get our money back, even after the company was dissolved, with no luck. They decided to close our account (we weren't using it for anything anyway) and gave us the reason that our company didn't have enough of a presence for them. After 3 years and the actual person that paid trying to contact them and no chargeback of any sort occuring, it's quite obvious that there is no fraudulent or suspicious activity whatsoever. My cousin spoke to a different person every day via live chat who never knew what was going on and would forget about our case. One day she finally got to the right person, who saw the mistake on their end, and we finally received our money over 3 years later.

Pros

The only positive thing that I can say about them, is that after THREE years and having to lose the company that my cousins and I started together, we did finally get our money, or rather most of it.

Cons

I will just tell you our story with it. My 2 cousins and I decided to go into business together before COVID happened. We all have degrees in different categories and wanted to join forces. One had a degree in computer engineering, one in graphic design, and I had a business degree although at the time I had a huge following on social media and was working as an influencer. We wanted to help small businesses get their names out, and started a business advertising for them. I used my presence on social media to advertise by word of mouth, while my cousins would design web sites, and create custom logos and business cards for our clients. We began with just friends to test, so we didn't have a set price for anyone. It was also a side gig so we let people set their prices. Thankfully wave was not the only company that we used. I will describe our experience in the next question.

Mary
Overall rating
  • Industry: E-Learning
  • 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 10.0 /10

One Stop Money Management Platform

Reviewed on 28/08/2024

My overall experience has been outstanding. The business has used Wave for nearly 6 years.

My overall experience has been outstanding. The business has used Wave for nearly 6 years.

Pros

I like the ease of use and the ability to create both individual invoices and recurring invoices. I also like the ability to take a range of payments from card to direct deposit (ACH). Finally, the ease of managing transactions makes my life easier as a small business owner.

Cons

The recent price increase, while understandable, is never fun.

Alternatives Considered

QuickBooks Online

Reasons for Switching to Wave

I liked the interface, the ease of use, and the great support.
Ashley
Overall rating
  • Industry: Automotive
  • Company size: 2–10 Employees
  • Used Daily for 1+ year
  • Review Source

Overall rating

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

Accounting without a Cost

Reviewed on 21/02/2024

I loved this software/app so much that I actually decided to open a personal account and use it for...

I loved this software/app so much that I actually decided to open a personal account and use it for mine and my husbands personal finances! I had been using the good ole trusty excel for this. But this makes everything so much nicer. It imports all my husbands charges and then I can code them and see just where our money is going.

Not to mention, it has help the business I work for be more successful in bringing in a bigger profit!

If you are trying to decided between software's and don't know where to start, try Wave for your business accounting needs.

Pros

The first greatest thing about Wave is that is FREE!!! If you are just starting out, or a small business where overhead and expense need to be kept to a minimum, I recommend this app. It has all basic functions you need like, quotes, invoicing, statements, entering bills, receipts, reconciling bank statements, etc. All of these services including reporting are included in the free software! It has payroll functions for an additional charge, which we have opted out of for the time being. You can even link your bank account to it and it will import all the your debits and credits for reconciling.

Also, this software is super user friendly and you do not need to be a tech expert to understand it. It will set you up with preloaded items it thinks you need for your business and then you can change them or delete them. You can also add new ones super easy while doing this or after the fact. I really love that its cloud base and can be accessed anywhere. This makes it key for me when traveling for work.

Cons

Honestly Wave is pretty awesome that it was hard to find cons with it. The only drawback for me is the reporting. I wish I was able to customize them and select certain data to analyze. The reports are basic and standard, they just don't quite cover what I am looking for in my reporting.

Alternatives Considered

QuickBooks Enterprise

Reasons for Switching to Wave

I choose Wave due to pricing, that its also stored on the cloud so it can be accessed anywhere at anytime. Also the setup was super easy and done in a day.
Showing 5 reviews of 1,628 Read all reviews

Wave FAQs

Below are some frequently asked questions for Wave.

Wave offers the following pricing plans:

  • Starting from: USD 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

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.