About Wave Accounting

Online accounting software that provides features including invoicing, billing, payment tracking, payroll management, finance management, credit card processing, and receipt scanning. Wave Accounting is designed to help businesses streamline bookkeeping processes. With Wave's bank reconciliation tools, businesses can manage all bank account and credit card information in real-time to improve bookkeeping efficiency and accuracy. Businesses can also generate reports that include various data such as sales tax, balance sheet, cash flow, profit/loss, plus more. Wave's dashboard includes an invoicing tool that collects invoice payments. A small business owner can choose customizable invoicing templates based on unique business needs. Invoices can be sent via email and the software's credit card processing feature allows users to collect payments online. Recurring invoices and automatic payment features are available for regular customers.
What is Wave Accounting?

Wave Accounting, part of Wave’s suite of financial products, is a web-based accounting platform designed to help small businesses manage income, expenses, payments, and invoices.


How do you use Wave Accounting?

Wave Accounting requires no downloads and is accessible from web-connected devices. Data can be imported from other apps, such as Quickbooks. From an online interface, users can access visual dashboards, reporting, invoicing tools, and more.


Who uses Wave Accounting?

Wave Accounting is used by small business owners, freelancers, accountants, bookkeepers, and tax preparers.


How much does Wave Accounting cost?

Wave Accounting is free. Upgraded plans with more features are available for other Wave products.


Does Wave Accounting have an app?

Yes, the Wave Invoicing app (for iOS and Android) provides on-the-go access to invoices.


Wave Accounting Software - Wave dashboard
Wave Accounting Software - Wave payments
Wave Accounting Software - Wave invoice schedule
Wave Accounting Software - Wave invoice list
Wave Accounting Software - Wave invoice creation
Wave Accounting Software - Wave bank transactions
Wave Accounting video
Wave Accounting Software - Wave dashboard - thumbnail
Wave Accounting Software - Wave payments - thumbnail
Wave Accounting Software - Wave invoice schedule - thumbnail
Wave Accounting Software - Wave invoice list - thumbnail
Wave Accounting Software - Wave invoice creation - thumbnail

Wave Accounting pricing

Wave Accounting has a free version and offers a free trial.

Starting Price:
Not provided by vendor
Free Version:
Yes
Free trial:
Yes

Alternatives to Wave Accounting

Square Invoices

Square Invoices is a cloud-based invoice and billing management solution that helps businesses streamline processes...
Stripe is a cloud-based solution that offers a varied set of unified APIs and tools that enable businesses to manage...

Zoho Books

Zoho Books comes with automatic bank feeds, collaborative client portal, accounting and taxing, online payments,...

Microsoft Excel

Microsoft Excel is a productivity solution that helps businesses of all sizes create spreadsheets to organize data and...

QuickBooks Online Advanced

QuickBooks Online Advanced is a cloud-based accounting solution that helps small to large enterprises manage expenses,...

QuickBooks Payroll

QuickBooks Payroll is a technology-enabled HR services platform that offers human resource (HR) and employee management...

Wave Accounting Reviews

Feature rating

Value for Money
4.7
Functionality
4.2
Ease of Use
4.4
Customer Support
4.1
5 reviews of 1,319 View all reviews
Jonathan
  • Industry: Computer Software
  • Company size: 11-50 Employees
  • Used Daily for 2+ years
  • Review Source
Value for Money
5
Features
5
Ease of Use
5
Customer Support
4

5
Reviewed on 31/10/2022

The brilliance of Wave Accounting

I can invoice my clients from my phone, I get notified when the invoices are opened as well.

Pros

It is very simple and easy to use. Our financial team required no extra training.

Cons

It sometimes slows down and also there is no desktop application that i am aware of.

Alternatives Considered

Quickbooks Online and Zoho Invoice

Reasons for Choosing Wave Accounting

Zoho was abit highly priced

Reasons for Switching to Wave Accounting

Wave were the cheapest and easiest to use.
Marialuisa
  • Industry: Marketing & Advertising
  • Company size: 2-10 Employees
  • Used Daily for 1+ year
  • Review Source
Value for Money
5
Features
4
Ease of Use
4
Customer Support
4

4
Reviewed on 18/11/2022

Great for fewer transactions and FREE

Very easy to use and send invoices, and track expenses.

Pros

It's very easy to use and implement. It's free for small businesses with fewer transactions.

Cons

It's not the best for reporting. I can't pull statements very easily.

Alternatives Considered

FreshBooks and Quickbooks Online

Reasons for Choosing Wave Accounting

At the time, it was to save money.

Switched From

Quickbooks Online

Reasons for Switching to Wave Accounting

The cost.
Verified Reviewer
  • Industry: Education Management
  • Company size: 51-200 Employees
  • Used Daily for 1+ year
  • Review Source
Value for Money
5
Features
5
Ease of Use
5
Customer Support
0

5
Reviewed on 29/10/2022

Wave Accounting Is A Small Business Asset

It has been a positive experience. The real only hope is that the mobile app continues to evolve as being mobile while working and invoicing is convenient.

Pros

Setup was easy. However, it does take time to ensure that cost accounts, net terms, rates, and other information is entered properly. It is easy to edit any typos or missed information if the initial setup is not correct.

Cons

The mobile app doesn't seem to work as well as the desktop app. Looking up data, and status of payments for example is best done on the computer.

Jason
  • Industry: Civic & Social Organization
  • Company size: 11-50 Employees
  • Used Weekly for 2+ years
  • Review Source
Value for Money
5
Features
4
Ease of Use
4
Customer Support
3

5
Reviewed on 08/11/2022

Affordable small business accounting software

Overall it is a great accounting platform for new and for small business.

Pros

The cost is minimum unless you are using payroll or merchant services. The app for receipts is also a great additional tool.

Cons

The electronic payment system is a bit cumbersome for a new business to set up.

Verified Reviewer
  • Industry: Financial Services
  • Company size: 2-10 Employees
  • Used Daily for 6-12 months
  • Review Source
Value for Money
5
Features
4
Ease of Use
4
Customer Support
4

4
Reviewed on 02/11/2022

Easy to use for small business invoicing and accounting

It makes invoicing and keeping proper record easy for me

Pros

The ease of use to deliver accurate report and affordability.

Cons

You need a little bit of time to understand the interface

Related categories