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The best free financial software for small businesses.

Wave is a free software that helps startups and SMEs manage their accounting process, including billing and invoicing, payments, accounting, banking, payroll, and much more. The software enables users to add unlimited partners, collaborators, and accountants with no additional charges. Wave accounting tool also caters to the accounting functions of the Church, thus acting as the best church accounting software. The software is entirely web-based and protected by 256-bit SSL encryption and PCI-DSS level 1 service provider. The software also enables in-house accounting, with an exceptional service of payroll coaches and bookkeepers.
Wave Financial
2009
Canada
  • Accounting
  • Banking
  • Financial-services
3 Industries
  • English
1 Language
Industries
  • Accounting
  • Banking
  • Financial-services
Licensing & Deployment
  • Proprietary
  • Cloud Hosted
  • Web-based
  • iPhone/iPad
  • Windows
  • Mac
Support
  • Email
  • 24x7 Support
Knowledge Base
  • Help Guides
  • Video
  • Blog
  • Case Studies

Media

Wave

Wave Core Features

Focus of Accounting Feature
  • Accounts Payable
  • Bank Reconciliation
  • Billing & Invoicing
  • Budgeting and Forecasting
  • Expense Tracking
  • Financial Reporting
  • Fixed Asset Management
  • Fund Accounting
  • Payroll Management
  • Project Accounting
  • Purchase Orders
  • Tax Management
Focus of Payroll Feature
  • Direct Deposit
  • Employee Database
  • Pay Slip Generation
  • Tax Management
  • Time Tracking
  • Wage Garnishment
Focus of Billing and Invoicing Feature
  • Contingency Billing
  • Customer Database
  • Customizable Invoices
  • Hourly Billing
  • Mobile Payments
  • Online Invoicing
  • Online Payments
  • Payment Processing
  • Project Billing
  • Tax Calculator
  • Templates
Focus of Church Accounting Feature
  • Accounts Payable
  • Accounts Receivable
  • Asset Tracking
  • Donation Management
  • Fund Accounting
  • General Ledger
  • Payroll Management
Focus of Recurring Billing Feature
  • Alerts/Notification
  • Billing & Invoicing
  • Budget Management
  • Payment Processing
  • Reports
  • Self Service Portal
  • Transaction Management
Focus of Accounts Receivable Feature
  • Billing & Invoicing
  • Collections Management
  • Customer Communication
  • Dashboard
  • Predictive Analysis
  • Receivables Ledger
  • Recurring Billing
  • Streamlined Payments
Focus of Business Management Feature
  • Accounting
  • Billing & Invoicing
  • Budgeting & Forecasting
  • Customer Management
  • Financial Management
  • Marketing Management
  • Reporting & Analytics
  • Resource Management
  • Sales Management
  • Scheduling

Wave Pricing

Pricing Type
  • Free
Vendor pricing page

Wave Reviews

16
Total Reviews
4.3/5
Overall Rating
0
Recent Reviews

What Users Say

Using waves app since 2 years
Charlotte Chipperfield
Charlotte Chipperfield , Founder and CEO at Chipperfield Media LLC
Super Flexible
MK Shaiq Uddin
MK Shaiq Uddin , Senior Growth Manager at SkyQuest Ltd.
Good value
Dylan Bridger
Dylan Bridger , President, COO at ZenRevenue
Exceptional!
Sachin Jacob
Sachin Jacob , Project Manager at E-bility GmbH
Great experience so far
Аntоn S.
Аntоn S. , Product Owner at ICOadmin.in

What Users Like The Most

  • 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.

What Users Like The Least

  • 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.
  • No phone support

Wave Reviews

4.3 16 Reviews
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  • Most Recent
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  • Rating: low to high
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Jonathan Tian

Wave has been helpful in managing the entire accounting activities

We Credit Yelp use Wave as our accounting software for more than 3 years. It is helpful in various operations like expense tracking, report generation, scanning bills, and invoicing activities. We use this app daily to carry out our accounting tasks. The free version is sufficient for us to perform the basic account processing. Wave offers an add-on service for implementing employees' payroll plans and their associated tax calculations. This accounting software assists us in financial transactions with our clients and customers and takes care of the payroll section in our organization.

How frequently you use Wave ?

Daily

Rating Breakdown

  • Ease of Use
  • Features
  • Customer Support
  • Overall Rating
Claudia Torre

Wave is established for independent small firms with little funds

We TheFab20s use Wave. According to me, several of the accounting software packages for small businesses on this list are affordable. But for freshly established independent firms with little funds, every extra expenditure might be financially ruinous. Wave, a small company accounting solution, recognizes this issue, which is why it is completely free. Wave, which is compatible with Windows and OS X and offers Android and iOS applications for invoicing and receipts, is great for fledgling enterprises. Wave Accounting can do almost all of the functions of premium accounting software, including spending management, bank reconciliation, payroll, and invoicing. Sign up for a free account to learn how Wave can help you manage the accounts of your company in less time and at no cost.

How frequently you use Wave ?

Daily

What do you like the most about Wave ?

Absolutely free

Reports with double-entry accounting

Unlimited users with user permission management

Unlimited invoice generation using templates that may be modified

App for mobile invoicing and accounting

What do you like the least about Wave ?

No phone support

Only Wave Payments and Payroll premium add-ons provide live chat

There are no planned changes for existing features

No choices for advanced accounting

Cloud-based Web application availability

Rating Breakdown

  • Ease of Use
  • Features
  • Customer Support
  • Overall Rating
Angus Chang

Best accounting software to grow as a small business and beginners

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.

How frequently you use Wave ?

Daily

What do you like the most about Wave ?

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.

What do you like the least about Wave ?

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.

Rating Breakdown

  • Ease of Use
  • Features
  • Customer Support
  • Overall Rating
Michael Kim

Wave is the the best, affordable and versatile accounting solution

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.

How frequently you use Wave ?

Daily

Rating Breakdown

  • Ease of Use
  • Features
  • Customer Support
  • Overall Rating
Tom Winter

One of the best and highly recommended payroll software.

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

How long have you used Wave ?

166 Days

How frequently you use Wave ?

Daily

Rating Breakdown

  • Ease of Use
  • Features
  • Customer Support
  • Overall Rating
Sebastian Hovv

Free, easy to use, integrates with bank and great

Free, easy to use, integrates with bank and great

Rating Breakdown

  • Ease of Use
  • Features
  • Customer Support
  • Overall Rating
Samuel Corso

Very good, it's great for a free product

Pros: Bank account integration, simple to use. Cons: None really.

Rating Breakdown

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  • Features
  • Customer Support
  • Overall Rating
Ty Daniel Smith

Will likely switch in upcoming months

Pros: Free Cons: Not very feature heavy

Rating Breakdown

  • Ease of Use
  • Features
  • Customer Support
  • Overall Rating
Charlotte Chipperfield

Using waves app since 2 years

Pros: Cost and ease of use. Cons: Not always accurate with real-time financial updates.

Rating Breakdown

  • Ease of Use
  • Features
  • Customer Support
  • Overall Rating
MK Shaiq Uddin

Super Flexible

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.

Rating Breakdown

  • Ease of Use
  • Features
  • Customer Support
  • Overall Rating
Dylan Bridger

Good value

Pros: Free Cons: Forex conversions

Rating Breakdown

  • Ease of Use
  • Features
  • Customer Support
  • Overall Rating
Sachin Jacob

Exceptional!

Pros: Good to work on. Cons: Profile needs to be more attractive.

Rating Breakdown

  • Ease of Use
  • Features
  • Customer Support
  • Overall Rating
Аntоn S.

Great experience so far

Pros: User-friendly Cons: Nothing as of yet

Rating Breakdown

  • Ease of Use
  • Features
  • Customer Support
  • Overall Rating
Salman Aslam

Affordable and Capable platform

We don’t need other programs to generate estimates or contact lists. Wave is so much more than just an accounting application. It packs a mean punch and definitely delivers. I don’t anticipate us switching to another program any time soon.

Rating Breakdown

  • Ease of Use
  • Features
  • Customer Support
  • Overall Rating
Stanislav Verstiuk

Average Review from our side

Pros: It provides good functionality. Cons: Not so many integrations possible. Overall Experience: We can give an Okay response for the software and the platform.

Rating Breakdown

  • Ease of Use
  • Features
  • Customer Support
  • Overall Rating
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