Wave

Canada HQFounded 2009

Deployment

Web-basediPhone/iPadWindowsMac

Best for

Small

Overview

About Wave

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.

At a glance

Software information

Industries served, licensing and the support Wave provides.

Industries

  • Accounting
  • Banking
  • Financial-services

Licensing

  • Proprietary

Support

  • Email
  • 24x7 Support

Training

  • Help Guides
  • Video Guides
  • Blogs
  • Case Studies

Knowledge Base

  • Help Guides
  • Video
  • Blog
  • Case Studies
Languages (1)
English

Review analytics

What customers report

4.3
Based on 16 verified reviews
Ease of use4.4
Features & functionality4.4
Customer support4.2
Value for money4.4
Integrations4.0

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

What users say

Review Analytics of Wave

Every review is verified through Goodfirms before it's published.

4.316 Verified Reviews
Ease of use (5 reviews)4.4
Features & functionality (5 reviews)4.4
Customer support (5 reviews)4.2
Value for money (5 reviews)4.4
Integrations (5 reviews)4.0
Review Summary
Summarized from 16 verified reviews · Updated September 2026
Wave is a free accounting and invoicing platform praised for its user-friendly interface and integrated features including payroll, invoicing, and expense tracking. Users consistently highlight its affordability and suitability for freelancers and small businesses, along with bank integration capabilities. Common limitations include limited third-party integrations, inconsistent real-time financial accuracy, and gaps in mobile platform support (iOS and Android only). Some users report it lacks advanced features found in more robust accounting software, though most find the free tier sufficient for basic accounting needs.
✦ AI-generated summary. May not reflect every review.
Detailed Reviews of Wave
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What reviewers mention most

Jonathan Tian, Co-founder at Credit YelpVerified Review
Posted on Feb 23, 2023

“Wave has been helpful in managing the entire accounting activities”

Overall rating4.0
Ease of use5.0
Features & functionality5.0
Customer support4.0
Value for money4.0
Integrations2.0

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.

Claudia Torre, Founder and CEO at TheFab20sVerified Review
Posted on Feb 20, 2023

“Wave is established for independent small firms with little funds”

Overall rating5.0
Ease of use4.0
Features & functionality4.0
Customer support5.0
Value for money5.0
Integrations5.0

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.

Angus Chang, Co-Founder & Director of iupilon at iupilonVerified Review
Posted on May 23, 2022

“Best accounting software to grow as a small business and beginners”

Overall rating4.0
Ease of use4.0
Features & functionality5.0
Customer support4.0
Value for money4.0
Integrations5.0

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.

Michael Kim, CoFounder at Evcharger ReviewsVerified Review
Posted on May 20, 2022

“Wave is the the best, affordable and versatile accounting solution”

Overall rating4.0
Ease of use5.0
Features & functionality4.0
Customer support4.0
Value for money5.0
Integrations4.0

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.

Tom Winter, CRO at DevSkillerVerified Review
Posted on Feb 28, 2022

“One of the best and highly recommended payroll software.”

Overall rating5.0
Ease of use4.0
Features & functionality4.0
Customer support4.0
Value for money4.0
Integrations4.0

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

Sebastian Hovv, Director at SEO 101Verified Review
Posted on Dec 12, 2019

“Free, easy to use, integrates with bank and great”

Overall rating4.0
Samuel Corso, Co-Founder and CEO at TechSuiteVerified Review
Posted on Oct 25, 2019

“Very good, it's great for a free product”

Overall rating5.0

Pros: Bank account integration, simple to use.

Cons: None really.

Ty Daniel Smith, Founder at CoinScribbleVerified Review
Posted on Sep 30, 2019

“Will likely switch in upcoming months”

Overall rating4.0

Pros: Free

Cons: Not very feature heavy

Charlotte Chipperfield, Founder and CEO at Chipperfield Media LLCVerified Review
Posted on Jan 1, 2019

“Using waves app since 2 years”

Overall rating4.0

Pros: Cost and ease of use.

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

MK Shaiq Uddin, Senior Growth Manager at SkyQuest Ltd.Verified Review
Posted on Dec 28, 2018

“Super Flexible”

Overall rating5.0

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.

Capabilities

Wave features

The full feature set, grouped by module.

Accounting Software

  • 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

Payroll Software

  • Direct Deposit
  • Employee Database
  • Pay Slip Generation
  • Tax Management
  • Time Tracking
  • Wage Garnishment

Billing and Invoicing Software

  • Contingency Billing
  • Customer Database
  • Customizable Invoices
  • Hourly Billing
  • Mobile Payments
  • Online Invoicing
  • Online Payments
  • Payment Processing
  • Project Billing
  • Tax Calculator
  • Templates

Church Accounting Software

  • Accounts Payable
  • Accounts Receivable
  • Asset Tracking
  • Donation Management
  • Fund Accounting
  • General Ledger
  • Payroll Management

Recurring Billing Software

  • Alerts/Notification
  • Billing & Invoicing
  • Budget Management
  • Payment Processing
  • Reports
  • Self Service Portal
  • Transaction Management

Accounts Receivable Software

  • Billing & Invoicing
  • Collections Management
  • Customer Communication
  • Dashboard
  • Predictive Analysis
  • Receivables Ledger
  • Recurring Billing
  • Streamlined Payments

Business Management Software

  • Accounting
  • Billing & Invoicing
  • Budgeting & Forecasting
  • Customer Management
  • Financial Management
  • Marketing Management
  • Reporting & Analytics
  • Resource Management
  • Sales Management
  • Scheduling

Plans

Wave pricing

Price Type
Year
Free Version
No

Media

Screenshots & video

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