Wave Accounting
Wave Accounting is a cloud-based accounting platform designed for freelancers, small businesses, and entrepreneurs. It offers free invoicing, accounting, receipt scanning, and payroll integration, making financial management simple and affordable.
Pros
- Completely free accounting and invoicing
- Simple and easy to use
- Integrated payments and payroll
- Cloud-based access from anywhere
- Good for small businesses and freelancers
Cons
- Limited features for growing businesses
- Payroll is paid separately
- No advanced inventory management
Key Ratings
Features score: 4.2
Pricing score: 5
Support score: 4
Reputation score: 4.5
Visit WebsiteWhat is Wave Accounting?
Wave Accounting is a free online accounting software that provides small businesses with essential tools to manage invoices, expenses, and bookkeeping efficiently. It simplifies financial workflows for non-accountants.
Is Wave Accounting Legit?
Yes — Wave is trusted by millions of small businesses worldwide. Its cloud-based platform is secure, user-friendly, and reliable for managing finances and invoices without complex setups.
Wave Accounting Pricing
Wave offers a free accounting and invoicing platform. Paid features like payroll and professional payment processing are available as add-ons.
| Plan | Price | What’s Included |
|---|---|---|
| Free Accounting | $0 / month | Invoicing, accounting, receipt scanning, reports |
| Payments | 2.9% + $0.30 per transaction | Accept credit cards and bank payments online |
| Payroll | From $35 / month + $6 per employee | Full-service payroll, tax filings, direct deposit |
What Is Included in Wave Accounting Plans?
Wave Accounting’s free plan includes core accounting and invoicing features, receipt scanning, and financial reporting. Optional paid services add payroll and online payment processing.
Wave Accounting Features
| Feature | Description |
|---|---|
| Invoicing | Create, customize, and send invoices with payment links. |
| Accounting | Track income, expenses, and generate financial reports. |
| Receipt Scanning | Snap receipts and automatically log expenses. |
| Payroll | Full-service payroll, tax filings, and direct deposit (paid add-on). |
| Payments | Accept online payments from customers via card or bank. |
| Reports & Analytics | Run profit & loss, balance sheet, and cash flow reports. |
Notable Features
- Free accounting and invoicing for small businesses
- Integrated payments and payroll as paid add-ons
- Cloud-based platform accessible from anywhere
- User-friendly for non-accountants
- Basic reporting and analytics tools
Wave Accounting Support Offering
Wave offers email support, help center articles, and a community forum. Premium support options are available for paid services like payroll and payments.
User Review Highlights
- Ease of Use: Very simple and intuitive
- Value: Free core accounting features
- Integration: Payment and payroll add-ons available
- Cloud Access: Manage finances from anywhere
- Support: Good for free users; paid options better
How Wave Accounting Compares to Other Platforms
| Feature | Wave Accounting | QuickBooks | Xero |
|---|---|---|---|
| Ease of Use | ★★★★★ | ★★★★☆ | ★★★★★ |
| Pricing | $ | $$$ | $$ |
| Features | ★★★☆☆ | ★★★★☆ | ★★★★☆ |
| Best For | Freelancers & Small Businesses | Growing Companies | SMBs |