What is Wave Accounting?
Wave presents a robust and no-cost accounting solution that streamlines financial management for entrepreneurs. Its intuitive features enable users to connect their bank accounts, automatically sync their expenditures, and maintain balanced books, all while ensuring readiness for tax season. Seize control of your financial landscape today with a platform that eliminates unnecessary jargon and complexity. After setting up your account, you can swiftly configure everything and access the system at your convenience, whether at home or on the go. Your financial information remains available and is securely stored, giving you reassurance about data safety. Linking your bank accounts is a quick process, and transactions are automatically recorded in your bookkeeping, saving you from the tedious task of manually entering receipts. With a clear snapshot of your finances, you’re better equipped to make informed choices for your business. Our easy-to-use reporting tools facilitate month-to-month and year-to-year comparisons, allowing you to identify cash flow trends effortlessly. When your financials are well-organized, tax season transforms into a stress-free endeavor, enabling you to concentrate on your business growth. Starting with Wave means you are not merely managing finances; you are also equipping your business for future success and stability. Moreover, you gain valuable insights that can help you navigate your business trajectory with confidence.
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Wave Accounting Categories and Features
Real Estate Accounting Software
Bookkeeping Software
Billing and Invoicing Software
Accounts Receivable Software
Accounting Software
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Wave Accounting Customer Reviews
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Would you Recommend to Others?1 2 3 4 5 6 7 8 9 10
Accounting software
Date: Dec 21 2023SummaryI am not sure that I will continue to use it after the mess this year still working on fixing the messes.
PositiveIt is free easy to use. It takes a lot to set it up but the invoicing and ease of payment for clients is great.
NegativeThis year this software has disappointed me it has lost bank connections and then tripled the transactions I am not happy and am looking for something that works better. The financial statements are not very professional looking. It does not always remember the proper place to put things and so you really have to be careful reviewing process has to be intense. I am not sure that I will continue to use it after the mess this year still working on fixing the messes. If you have more than one person as admin it screws it up so bad.
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Would you Recommend to Others?1 2 3 4 5 6 7 8 9 10
Great Free App
Date: Jun 19 2022SummaryThis is a simple, perhaps rudimentary accounting software, but for small, simple operations, Wave may be all you need. Upgrade to Xero or Quickbooks online when things get more complex or you're ready to hire a bookkeeper (if they won't work in Wave)
PositiveThis is probably the best self-employed, low budget accounting solution available on the market because you can't beat the price (FREE).
NegativeThe reports are not nuanced. You won't get a P&L detail or a P&L by month across multiple months...the rules are not very dynamic.
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Would you Recommend to Others?1 2 3 4 5 6 7 8 9 10
Don't trust your business finances to this company
Date: May 06 2021SummaryWe were on Wave for about 5 years and become dependent on their systems. Suddenly they removed support for our Wells Fargo Bank feed and blamed their bank feed integration partner. We verified directly with the bank feed integrator that they still supported the feed from our bank. I complained and complained to Wave's India support and finally confronted them with what the feed integrator said. They were completely dismissive. When I said they didn't understand the needs of a US business, the support manager went into a tirade and terminated any future support for our account. I filed a BBB complaint and the company responded that I was "insensitive" and refused to do anything. We're now having trouble getting our financial data out of their systems. These are horrible entitled people. Here's a perfect example of the cost of free. It's costing us 10s of thousands of dollars to migrate and reconstitute our financial data to a new SaaS provider. Buyer Beware.
PositiveWe could manage the accounting for our small business until we couldn't. The software worked until it didn't.
NegativeZero respect for the criticality of a businesses accounting systems and data
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Would you Recommend to Others?1 2 3 4 5 6 7 8 9 10
Great and easy
Date: Apr 13 2020SummaryGreat for a business of any size. Amazing that it's free and only costs processing costs. Definitely a win.
PositiveLove how professional invoices look and branded. That was the big selling point for me that others didn't have
NegativeThere is not much I don't like. They've done updates to remove what I didn't like
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Would you Recommend to Others?1 2 3 4 5 6 7 8 9 10
Best invoicing program
Date: Apr 28 2020SummaryIt's great for any business. Great for a free platform and only costs when you accept credit card payments.
PositiveEasy to create invoices and really like how there's a mobile app to create invoices on the go. Can add team members too!
NegativeThey used to not have double entry accounting but they do now.
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Would you Recommend to Others?1 2 3 4 5 6 7 8 9 10
Wave accounting
Date: May 31 2020SummaryOverall Wave can be used for small business or personal finance and it's free. I love this easy to use software.
PositiveWhat I love about Wave is that the accounting and reports, sending invoices, receipt scanning and email support all included for FREE. You cant beat that!
NegativeWell if you have to pick something to dislike about a FREE software I guess I'd have to say I dislike that Wave seemed so new and they are constantly updating and I'm always losing where things are kept. I have a terrible memory!
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