Wave Financial
Wave is award-winning free accounting software that provides innovative financial services to small- and micro-businesses worldwide. By improving cash flow (Payments), delivering money to employees (Payroll), helping businesses get paid (Invoicing), preparing for tax time, and providing business insights (Accounting, Receipts). This accounting system covers the spectrum of a small business owner's financial life and helps businesses grow and thrive.
Core Features
Accounting Features
  • Accounts Payable
  • Bank Reconciliation
  • Booking Management
  • Budgeting and Forecasting
  • Expense Tracking
  • Financial Reporting
  • Fixed Asset Management
  • Fund Accounting
  • Payroll Management
  • Project Accounting
  • Purchase Orders
  • Tax Management
Payroll Features
  • Direct Deposit
  • Employee Database
  • Pay Slip Generation
  • Operations Management
  • Tax Management
  • Time Tracking
  • Wage Garnishment
Billing and Invoicing Features
  • Contingency Billing
  • Customer Database
  • Customizable Invoices
  • Hourly Billing
  • Mobile Payments
  • Online Invoicing
  • Online Payments
  • Loyalty Program
  • Project Billing
  • Tax Calculator
  • Templates
Church Accounting Features
  • Accounts Payable
  • Accounts Receivable
  • Asset Tracking
  • Donation Management
  • Fund Accounting
  • General Ledger
Pricing Type
Payment Frequency
Customer Reviews
4.3 (14 Reviews)

Best accounting software to grow as a small business and beginners

Angus Chang
4 months ago

At Iupilon, we use Wave Accounting for our accounting tasks. It is excellent cloud-based accounting software for small businesses that send simple invoices and doesn’t need to run payroll.

Pros :
  • Wave offers free accounting, receipt scanning, and invoicing, and it has no transaction or billing limits
  • It integrates easily with different apps and can be accessed through the mobile app.
  • We can run multiple businesses in one account.
Cons :
  • Wave has a higher fee for credit cards and ACH payments.
  • The recurring invoice numbers are not consecutive, and sometimes it changes or cancels payment services without warning.
  • Ease of use
  • Features & functionality
  • Customer support
  • Value for money
  • Integrations
  • On-boarding
  • Overall ratings
9 User Score
User Recommendation Score

Wave is the the best, affordable and versatile accounting solution

4 months ago

We Evcharger Reviews have used Wave for three years now and have found it user-friendly. The invoicing feature is convenient because it allows us to keep track of our income and expenses in real-time. And the fact that Wave is cloud-based makes it easy to access from anywhere. We highly recommend Wave for small business owners and entrepreneurs looking for an affordable and versatile accounting solution. Wave is our favorite accounting software because it's free, there are no transaction or billing limits, and there can be an unlimited number of users.

  • Ease of use
  • Features & functionality
  • Customer support
  • Value for money
  • Integrations
  • On-boarding
  • Overall ratings
9 User Score
User Recommendation Score

One of the best and highly recommended payroll software.

6 months ago

My personal favorite is the Wave app for my company because it’s free for the majority of its features, and because it enables users to track their business as well as personal finances in one place. Wave app is a good option for freelancers and small businesses because it doesn’t offer in-depth services more expensive software usually has. What users do pay is payment processing and payroll services which are tuned with competitor’s prices. I would recommend this app to anyone, at least to try, because there’s nothing to lose

I have used this software for
166 Days
I use this software
  • Ease of use
  • Features & functionality
  • Customer support
  • Value for money
  • Integrations
  • On-boarding
  • Overall ratings
10 User Score
User Recommendation Score

Free, easy to use, integrates with bank and great

Sebastian Hovv
posted on 12/12/19

Very good, it's great for a free product

Samuel Corso
posted on 25/10/19

Pros: Bank account integration, simple to use.

Cons: None really.

Will likely switch in upcoming months

Ty Daniel Smith
posted on 30/9/19

Pros: Free

Cons: Not very feature heavy

Using waves app since 2 years

Charlotte Chipperfield
posted on 1/1/19

Pros: Cost and ease of use.

Cons: Not always accurate with real-time financial updates.

Super Flexible

MK Shaiq Uddin
posted on 28/12/18

Pros: Advanced integration with high-end scalability. Invoicing payroll is seamless and prompt, accurate sales report generations.

Cons: The app only comes with support for IOS and Android. They should expand its usability.

Licensing & Deployment
  • Cloud Hosted
  • Web-based
  • iPhone/iPad
  • Windows
  • Mac
Knowledge Base
  • Help Guides
  • Video Guides
  • Blogs
  • Case Studies
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