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Wave Accounting

Accounting, invoicing, and payroll management platform

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Wave Accounting Pricing, Features, Reviews and Alternatives

Wave Accounting product overview

What is 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.

Key benefits of using 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.

Typical customers

Freelancers
Small businesses
Mid size businesses
Large enterprises

Platforms supported

Web
Android
iPhone/iPad

Support options

FAQs/Forum
Email/Help Desk
Chat
Knowledge Base

Training options

Live Online
Videos
Webinars
Documentation
In Person

Wave Accounting pricing information

Value for money

4.7

/5

1.2K

Starting from

ic-pricetag

No pricing info

Pricing options

Free plan
Subscription
Free trial
Pricing range

Wave Accounting features

Functionality

4.2

/5

1.2K

Total features

65

8 categories

Most valued features by users

Reporting & Statistics
Activity Dashboard
Third Party Integrations
Data Import/Export
Alerts/Notifications
Billing & Invoicing
Multi-Currency
Invoice Management

Wave Accounting users reviews

Overall Rating

4.4

/5

1.2K

Positive reviews

Rating breakdown
  • Value for money
  • Ease of use
  • Features
  • Customer support
  • Likelihood to recommend8.8/10
Rating distribution

5

4

3

2

1

753

321

67

24

42

Pros
It's a great software and works well for my basic use case as a solopreneur. The payments feature is also nice and the reporting is great.

AR

Anonymous Reviewer

I thought it was going to be great when I saw that it functioned with Etsy. And I loved that it is free.

SK

Sarzh K.

This is a user friendly software that I have been using for years. It makes my invoicing very easy and has been great in tracking my finances.

PJ

Paul J.

Cons
I am not able to write off a partly paid bill as bad debt if all attempts to reclaim the payment from my clients fail. Sometimes, people pay about 70% and fail to pay for the rest.
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James K.

It can be glitchy at times. I had problems with my transactions imported from my connected bank account, and then when I tried to remove the account and re-connect it, I received error messages.
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Jessica H.

Then, January of 2021, Paypal import was abandoned. Without those 2 features, the software is essentially useless since it creates extra work each month.
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Jesus P.

Overall Rating

Sole trader joy

Reviewed 2 years ago

Transcript

Dave B: I'm Dave, I'm a freelance sound engineer, and I give Wave Accounting a five out of five. Before...

AvatarImg
AvatarImg

Jose L.

Operations Manager

Automotive, 51-200 employees

Review source

Overall Rating

If you're a small company just starting out this is the tool for you!

Reviewed a year ago

Transcript

Jose L.: Hey, I'm Jose. I'm the owner of a management consultancy for small businesses. I use Wave Accounting...

Overall Rating
  • Value for money
  • Ease of use
  • Features
  • Customer support
  • Likelihood to recommend9/10

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Best accounting software to grow as a small business

Reviewed 12 days ago

The overall experience with Wave has been very good. With some hiccups on the roadmap, Wave has evolved by leaps and bounds from a pretty basic software to quite a powerhouse, even for the free version. If my business grows and I will feel the need to add more features such as payroll and tax advisor use, I will still remain a Wave believer!

Pros

I've used Wave since 2009!!! I feel like my company grew with it. It's helped me understand all I was doing right (and wrong!) financially in my business. It helps tremendously when filing monthly sales taxes. I keep a habit of staying organized, verifying all transactions and reconciling with my bank accounts. All of this, plus categorizing everything the right way makes tax time an absolute breeze - my taxes are done in two days and I don't need to freak out about it because everything is organized ahead of time and all I do is input expenses and sales.

Cons

What I least like about Wave is that a few years ago they stopped support for free accounts. Absolutely no human support whatsoever. Disagree with that big time!!! Sometimes also a bank connection will be interrupted and you cannot reconnect for many many months and since there is no support, you are left without any help. I am a small business of one person and I do not need any of the paid features that Wave offers so I could be upgraded to paid support, so I am always stuck in no human support land. It doesn't feel good, especially to someone who has used this software for as long as I have.

Overall Rating
  • Value for money
  • Ease of use
  • Features
  • Customer support

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Wave Accounting

Reviewed 2 months ago

I was able to quickly send professional estimates and invoices on go and I didn't have to keep a lot of envelopes with receipts any more, I could just scan receipts and attach them to a bank transaction. Before I even get an accountant, I would easily see the performance of the business from the cash flow graphs and profit and loss graphs.

Pros

Setting reminders to be sent to clients for payment is the most important feature from wave in my opinion. Also being able to create recurring invoices you you don't have to do the same thing every week or every month. My other favorite is customer statements. Pulling out customer statements and sending to your clients gives you points in terms of professionalism. I also appreciate that when Wave stopped operating in South Africa they recommended Zoho and gave us a year of free use of Zoho. Even though I did not like changing, this was a very thoughtful move by wave.

Cons

For some reason wave starting giving limited access to its South African customers and partnered with Zoho for customers to migrate. Even though the apps are similar, they're not the same and it took a little bit of time to now learn Zoho a new app.

Overall Rating
  • Value for money
  • Ease of use
  • Features
  • Customer support

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Pathetic Customer Service and Return Policies

Reviewed a month ago

Very poor customer service. Never available. Only send you to "articles" to read when you DO get the opportunity to speak to someone live. If you are disappointed in the paid-for service, they do not issue a refund.

Pros

Nothing. Absolutely nothing at all. We are fully disappointed.

Cons

New users require support to appropriately navigate the software. However, the "support" is chatbot only most of the time. When you "do" get to "chat", again only online, no actual phone to call, you are repeatedly directed to "articles" to read. I don't know about you, but I am very busy running my business, and certainly do not have time to be directed to article after article to read what they can...

Overall Rating
  • Value for money
  • Ease of use
  • Features
  • Customer support
  • Likelihood to recommend10/10

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Wave is a WONDERFUL!

Reviewed a month ago
Pros

Wave is easy to setup, navigate, use and the features are incredibly robust! A a non-profit founder, I was looking for a cost-effective solution that would allow me to create a general ledger, track and categorize spending, create estimates and invoices, track AP/AR, and easily build financial reports. Wave does ALL of this, and it's FREE. I can't believe how good it is!

Cons

I literally haven't a single dislike about this software. Truly.

Overall Rating
  • Value for money
  • Ease of use
  • Features
  • Customer support
  • Likelihood to recommend10/10

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I love what it does, wish it could do more!

Reviewed 21 days ago

I love the feeling of it, it is very comparable to QuickBooks online and other more expensive type of user oriented software. I just wish the chart of account and the check printing were more flexible.

Pros

This software is a game-changer for free or low cost needs. It can 100% cover the needs of a non profit organization, or in my case our home owner's association needs. It is very easy to create accounts, or modify the already existing ones, and it is very easy to send invoices out. Also, it offers electronic payments which is very convenient for those who wish to pay electronically.

Cons

The software does not allow for check printing through it. All expenses need to be recorded and checks to be entered manually. This causes a feeling of "double entering" or doing twice a process that could have been simplified. The fact that the software will not be able to make payments is a little outdated.

Wave Accounting FAQs and common questions

Q. What type of pricing plans does Wave Accounting offer?

Wave Accounting has the following pricing plans:
Pricing model: Free, Subscription
Free Trial: Available


Q. Who are the typical users of Wave Accounting?

Wave Accounting has the following typical customers:
Freelancers, Non Profit, Public Administrations, Small Business


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, iPhone


Q. Does Wave Accounting offer an API?

No, Wave Accounting does not have an API available.


Q. What other apps does Wave Accounting integrate with?

Wave Accounting integrates with the following applications:
Microsoft Outlook, PayPal, Zapier, Gmail, Shoeboxed


Q. What level of support does Wave Accounting offer?

Wave Accounting offers the following support options:
FAQs/Forum, Email/Help Desk, Chat, Knowledge Base

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