Wave Pricing, Features, Reviews & Comparison of Alternatives

Wave Reviews

Wave

All-in-one accounting, invoicing, payroll, payments, and receipt management solution.

4.24/5 (163 reviews)
12,052     11,502

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.




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!




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.




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.




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.
www.waveapps.com

Wave Reviews (163)

Most positive review

 I suggest this to my startup business clients

I'm two years into my business and for nearly the first year I used Wave. It's what I suggest to my clients who are looking for something cloud-based and easy to use. Yes, it is not perfect, but it's FREE. I currently use InvoiceASAP, but I'm strongly considering switching back to Wave after the ...

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Reviewed 1st of December, 2015 by Quintin Pease

Most critical review

 Be aware!

Be aware! Let’s get straight to it. No polishing, no lies. Wave’s actual system is pretty good. If it “actually” worked… One sad truth about this company that you’ll notice right away is that their servers or hosting is worse than blogs were in 1980. It is slow, freezes and crashes all the ...

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Reviewed 14th of February, 2016 by Nate Mandel

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Wave Category Leaders

Reviews
Integrations
Mobile
Media
Security

#5 in Billing & Invoicing

View full ranking
67
15
5
17
16
14

#6 in Accounting

View full ranking
58
15
4
17
8
14

GetApp’s ranking highlights the top 25 apps in different categories on GetApp. If an app is listed in more than one category, it has the potential to be ranked in each of these categories. The ranking is independent of any commercial campaign an app vendor has with GetApp. The ranking is based on 5 data points, each scored out of 20: reviews, integrations, mobile apps, media presence, and security.

Wave Screenshots (6)

Wave screenshotWave screenshotWave screenshotWave screenshotWave screenshotWave screenshot

Security and privacy

Encryption

Yes
Encryption of sensitive data at rest
Yes
HTTPS for all pages

Access control

Yes
Multi-factor authentication options

Data policy

Yes
Data backup in multiple locations/GEO regions
This will ask you to sign in with LinkedIn

Specifications

Intended Users
Freelancers, Non Profits, Public Administrations, Small Business
Devices Supported
Android, iPhone-iPad, iPhone, Linux, Mac, Windows, Web-based
Supported Countries
Asia, Australia, Canada, China, Europe, Germany, India, Japan, Latin America, Middle-East and Africa, United Kingdom, United States
Supported Languages
English
Support Options
FAQs, Forum, Knowledge Base, Online Support, Video Tutorials

Wave Pricing

Pricing model: Freemium

Accounting & Invoicing - Free
Receipt Management - Free
Payroll - starts as low as $10 per month in Canada & $15 per month in USA, $4 per employee for first 10 employees, 11+ $2 per employee
Accept All Major Credit Cards - $0.30 + 2.9%
Personal Financial Management - Free

Competitors Pricing

SYMPAQ SQL

Starting from: $399.00/month
Pricing model: Subscription
Free Trial: Available (No Credit Card required)

Gusto

Starting from: $45.00/month
Pricing model: Subscription
Free Trial: Available (No Credit Card required)

Zoho Books

Starting from: $9.00/month
Pricing model: Subscription
Free Trial: Available (No Credit Card required)

Users who visited Wave also visited

Key Features of Wave

  • Billing and Invoicing
  • Real double entry accounting
  • Investment tracking
  • Financial reporting (Ledger, A/R, A/P, Income, Balance Sheet
  • Accept all major credit cards
  • Credit Card payment processing in America and Canada
  • Bank integrations to eliminate manual entry
  • Multi-currency
  • Professional reports
  • Seamless invoicing & payroll
  • Personal finance tracking
  • Fully integrated single login solution
  • Personal budgeting tools
  • Profit and Loss
  • Connect bank accounts and credit cards
  • Customizable sales taxes
  • 256-bit encryption
  • PCI Level-1 certified
  • Real double-entry accounting
  • Automatic reports
  • Profit and loss statement
  • Sales tax reports
  • Balance sheets
  • Collaboration tools
  • Receipt scanning
  • Built-in payroll
  • Expense tracking
  • Journal transactions
  • At-a-glance dashboards
  • Cash balances and invoice status
  • Automatic exchange rate calculations
  • Automatic data backup
  • Bill and invoice reminders

Benefits

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.

Alternatives to Wave

Rafael Ospino

Happy costumer

15/03/2017

Pros

There's enough liability on the software. So far I.m been doing well with the Software. Really realizable

Cons

I do not have complains on this product. Some of the final features of the app are enjoyable and realizable

Rating breakdown

Value for money
Ease of use
Features
Customer support

Time used: Less than 6 months

Frequency of use: Daily

Likelihood to recommend

5/10
Source: Software Advice
Helpful?   Yes   No
Read more
Chris Sheehy

Lacking Reporting

12/03/2017

Easy to use - but AR reporting is non-existent. You are unable to perform an aggregate report showing payments received, invoice #, billed amount, the amount paid, type of payment (e.g. check or card), and check # if paid by check. Basic stuff. Bank deposit statements also do not display invoice numbers - it's a guessing game. #WaveApps #WaveHQ

Pros

Ease of use, easy credit card payments, payment reminders.

Cons

You are unable to perform an aggregate report showing payments received, invoice #, billed amount, the amount paid, type of payment (e.g. check or card), and check # if paid by check. Basic stuff. Bank deposit statements also do not display invoice numbers - it's a guessing game.

Rating breakdown

Value for money
Ease of use
Features
Customer support

Time used: Less than 6 months

Frequency of use: Weekly

Likelihood to recommend

2/10
Source: Software Advice
Helpful?   Yes   No
Read more
Chris Sheehy

Verified Reviewer

AR Reports Non-Existent

12/03/2017

Easy to use - but AR reporting is non-existent. You are unable to perform an aggregate report showing payments received, invoice #, billed amount, the amount paid, type of payment (e.g. check or card), and check # if paid by check. Basic stuff. Bank deposit statements also do not display invoice numbers - it's a guessing game. #WaveApps #WaveHQ

Pros

Easy to use, automatic credit card payments, non-payment reminders.

Cons

Unable to perform an aggregate report showing payments received, invoice #, billed amount, the amount paid, type of payment (e.g. check or card), and check # if paid by check. Basic stuff. Bank deposit statements do not display invoice numbers - it's a guessing game.

Rating breakdown

Value for money
Ease of use
Features
Customer support

Time used: Less than 6 months

Frequency of use: Weekly

Likelihood to recommend

2/10

Recommendations to others considering Wave

If AR reconciliation is important to you, look elsewhere.

Source: GetApp
Helpful?   Yes   No
Read more
James Steinbach

Great Value (it's free)...

23/02/2017

The bookkeeping is not great. Reports should be better. Tech support is a little slow, so I would recommend the paid support. But you can't beat the price!

Rating breakdown

Value for money
Ease of use
Features
Customer support
Source: Capterra
Helpful?   Yes   No
Read more
KEN Kosch

I SEE, I CAME, I CONQURED

16/02/2017

There is a small learning curve to master how wave runs but thanks to their awesome support you can do it. I am one who works with my hands as a finish carpenter. I am far from even wanting to do accounting as I lack at paperwork. Wave makes it possible and I love it.

Pros

It functions very well and is an easy system to master.

Cons

One feature I hope they come up with is to be able to type in an amount in transaction and wave will find all those transactions that match. Bank of America has this feature. So why not WAVE!

Rating breakdown

Value for money
Ease of use
Features
Customer support

Time used: 2+ years

Frequency of use: Weekly

Likelihood to recommend

10/10

Recommendations to others considering Wave

USE IT.

Source: Software Advice
Helpful?   Yes   No
Read more
Stephanie Ramos

Helps me keep track of all my income & expenses as a freelancer!

07/02/2017

After a tough first year trying to file taxes as a freelancer I wanted something that would help me keep track of everything throughout the year. This app makes keeping my expenses logged in an easy way, and gives me access to various accounting reports.

Rating breakdown

Value for money
Ease of use
Features
Customer support

Time used: 6-12 months

Frequency of use: Monthly

Likelihood to recommend

10/10
Source: Capterra
Helpful?   Yes   No
Read more
Andrew Atkins

Great program for creating/sending/managing invoices and other basics, especially for free!

07/02/2017

Well first of all, go read (well have a glance at) their ToS page. This was one of the first times I've seen a company summarize along-side their terms which was a nice touch. Secondly, they don't charge for their biggest product which is also nice. It works and it's simple. They also offer free services like receipt tracking which would be VERY useful and they have paid services like payroll and payment processing.

Pros

It's simply easy and FREE

Cons

It doesn't do as many things as I'd like it to, the back-end accounting features are a little lacking.

Rating breakdown

Value for money
Ease of use
Features
Customer support

Time used: Less than 6 months

Frequency of use: Weekly

Likelihood to recommend

9/10

Recommendations to others considering Wave

Try it out and if you have issues contact them about them.

Source: Capterra
Helpful?   Yes   No
Read more
Randy Shuttleworth

Good accounting software

06/02/2017

We were looking for accounting software for our small businesses. Found Wave and presto, just what we needed. Easy to set up credit card payment systems, invoicing. Plenty of horsepower for a small business.

Pros

No ongoing cost. Just the right mix of features.

Cons

Bit tricky to get used to at first.

Rating breakdown

Value for money
Ease of use
Features
Customer support

Time used: 2+ years

Frequency of use: Daily

Likelihood to recommend

10/10

Recommendations to others considering Wave

Find a Wave expert to assist you in setting it up.

Source: Capterra
Helpful?   Yes   No
Read more
AARON T. Boone

Quality web accounting

01/02/2017

We needed a simple web based accounting program and wave apps solved that for us! We love the phone app.

Pros

Phone app for receipts

Cons

Lack of gl support

Rating breakdown

Value for money
Ease of use
Features
Customer support

Time used: 1-2 years

Frequency of use: Weekly

Likelihood to recommend

7/10
Source: Capterra
Helpful?   Yes   No
Read more
Ryan McLaury

Wave Review

01/02/2017

Wave software is a great value for the cost of the service. Some of the features aren't extremely intuitive, but customer support is good and the software is easy to use once you figure out how to navigate through the various features on the site.

Rating breakdown

Value for money
Ease of use
Features
Customer support
Source: Capterra
Helpful?   Yes   No
Read more

Who is Wave For?

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