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.

Pricing

Price Starts At:
$35 per month
Price Overview:
Free Plan, Pay-per-use Plan, and Monthly plan all offered.
Free Version:
Free Version available.

Integrations

Offers API?:
Yes, Wave Accounting provides an API

Screenshots and Video

Wave Accounting Screenshot 1

Company Facts

Company Name:
Wave Financial
Date Founded:
2009
Company Location:
Canada
Company Website:
www.waveapps.com/accounting

Product Details

Deployment
SaaS
Training Options
Documentation Hub
Online Training
Webinars
On-Site Training
Support
Standard Support
Web-Based Support

Product Details

Target Company Sizes
Individual
1-10
11-50
51-200
201-500
501-1000
1001-5000
5001-10000
10001+
Target Organization Types
Mid Size Business
Small Business
Enterprise
Freelance
Nonprofit
Government
Startup
Supported Languages
English

Wave Accounting Categories and Features

Recurring Billing Software

Customer Portal
Deferred Billing
Discount Management
Dunning Management
Invoice History
Multi-Currency
Multi-Period Recurring Billing
Payment Processing
Recurring Donations
Subscription Billing

Real Estate Accounting Software

Accounts Payable
Accounts Receivable
Bank Reconciliation
Commission Management
Contract Management
General Ledger
Mobile Access
Payroll
Property Development Management
Reporting / Analytics
Work Order Management

Expense Report Software

Approval Process Control
Invoice Management
Multi-Currency
Receipt Management
Reimbursement Management
Spend Control
Time Tracking
Workflow Management

Bookkeeping Software

Accounts Payable
Accounts Receivable
Bank Reconciliation
Billing & Invoicing
Cash Management
Collections
Expense Tracking
Fixed Asset Management
General Ledger
Payroll
Revenue Recognition
Spend Management
Tax Management

Billing and Invoicing Software

Billing Portal
Contact Database
Contingency Billing
Customer Portal
Customizable Invoices
Dunning Management
Hourly Billing
Invoice History
Mobile Payments
Multi-Currency
Online Invoicing
Online Payments
Payment Processing
Project Billing
Recurring/Subscription Billing
Service Ticket Billing
Tax Calculator

Accounts Receivable Software

ACH Payment Processing
Billing & Invoicing
Check Processing
Collections Management
Online Payment Processing
Overpayment Processing
Partial Payments
Receivables Ledger
Recurring Billing

Accounting Software

Accounts Payable
Accounts Receivable
Bank Reconciliation
Billing & Invoicing
CPA Firms
Cash Management
Cryptocurrency Support
Expense Tracking
Fixed Asset Management
Fund Accounting
General Ledger
Government
Multi-Currency
Nonprofits
Payroll Management
Project Accounting
Purchase Orders
Tax Management

More Wave Accounting Categories

Wave Accounting Customer Reviews

Write a Review
  • Reviewer Name: Nancy S.
    Position: Owner
    Has used product for: 2+ Years
    Uses the product: Daily
    Org Size (# of Employees): 1 - 25
    Feature Set
    Layout
    Ease Of Use
    Cost
    Customer Service
    Would you Recommend to Others?
    1 2 3 4 5 6 7 8 9 10

    Accounting software

    Date: Dec 21 2023
    Summary

    I am not sure that I will continue to use it after the mess this year still working on fixing the messes.

    Positive

    It is free easy to use. It takes a lot to set it up but the invoicing and ease of payment for clients is great.

    Negative

    This 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.

    Read More...
  • Reviewer Name: William H.
    Position: Owner
    Has used product for: 1-2 Years
    Uses the product: Yearly
    Org Size (# of Employees): 1 - 25
    Feature Set
    Layout
    Ease Of Use
    Cost
    Customer Service
    Would you Recommend to Others?
    1 2 3 4 5 6 7 8 9 10

    Great Free App

    Date: Jun 19 2022
    Summary

    This 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)

    Positive

    This is probably the best self-employed, low budget accounting solution available on the market because you can't beat the price (FREE).

    Negative

    The 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.

    Read More...
  • Reviewer Name: John K.
    Position: President/CEO
    Has used product for: 2+ Years
    Uses the product: Daily
    Org Size (# of Employees): 1 - 25
    Feature Set
    Layout
    Ease Of Use
    Cost
    Customer Service
    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 2021
    Summary

    We 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.

    Positive

    We could manage the accounting for our small business until we couldn't. The software worked until it didn't.

    Negative

    Zero respect for the criticality of a businesses accounting systems and data

    Read More...
  • Reviewer Name: Chet N.
    Position: Owner
    Has used product for: 2+ Years
    Uses the product: Daily
    Org Size (# of Employees): 1 - 25
    Feature Set
    Layout
    Ease Of Use
    Cost
    Customer Service
    Would you Recommend to Others?
    1 2 3 4 5 6 7 8 9 10

    Great and easy

    Date: Apr 13 2020
    Summary

    Great for a business of any size. Amazing that it's free and only costs processing costs. Definitely a win.

    Positive

    Love how professional invoices look and branded. That was the big selling point for me that others didn't have

    Negative

    There is not much I don't like. They've done updates to remove what I didn't like

    Read More...
  • Reviewer Name: Brandon P.
    Position: Marketing Coordinator
    Has used product for: 1-2 Years
    Uses the product: Daily
    Org Size (# of Employees): 1 - 25
    Feature Set
    Layout
    Ease Of Use
    Cost
    Customer Service
    Would you Recommend to Others?
    1 2 3 4 5 6 7 8 9 10

    Best invoicing program

    Date: Apr 28 2020
    Summary

    It's great for any business. Great for a free platform and only costs when you accept credit card payments.

    Positive

    Easy to create invoices and really like how there's a mobile app to create invoices on the go. Can add team members too!

    Negative

    They used to not have double entry accounting but they do now.

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  • Reviewer Name: Misty R.
    Position: Computer Software
    Has used product for: 6-12 Months
    Uses the product: Daily
    Org Size (# of Employees): 26 - 99
    Feature Set
    Layout
    Ease Of Use
    Cost
    Customer Service
    Would you Recommend to Others?
    1 2 3 4 5 6 7 8 9 10

    Wave accounting

    Date: May 31 2020
    Summary

    Overall Wave can be used for small business or personal finance and it's free. I love this easy to use software.

    Positive

    What 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!

    Negative

    Well 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!

    Read More...
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