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What Is Wave Accounting?

Wave offers 100% free, real double-entry accounting for small businesses. As a cloud-based software, Wave allows you to access your data from anywhere, add unlimited collaborators and work on all of your businesses from a single login. Wave eliminates data-entry and puts the financial reports you need at your fingers tips, allowing you to spend more time doing what you love. Your accounting is also seamlessly integrated with invoicing, receipt scanning, payment processing and payroll.

Who Uses Wave Accounting?

Wave's target market is small business owners (1-9 employees), freelancers and solo entrepreneurs. Wave has users in 200 countries around the world and our ecosystem is 4 million strong.

Wave Accounting Software - 1
Wave Accounting Software - 2

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Reviews of Wave Accounting

Average score

Overall
4.4
Ease of Use
4.5
Customer Service
4.0
Features
4.2
Value for Money
4.7

Reviews by company size (employees)

  • <50
  • 51-200
  • 201-1,000
  • >1,001
Rohit
Rohit
ML Data Associate in India
Verified LinkedIn User
Information Technology & Services, 51–200 Employees
Used the Software for: 2+ years
Reviewer Source

Alternatives Considered:

Best Free Online Invoicing Platform

5.0 2 months ago

Comments: Overall, Wave Accounting offers a fantastic, free bookkeeping and invoicing solution that is user-friendly and straightforward, but its limited availability in North America and online payment gateway options can pose challenges for global business operations.

Pros:

Particularly for freelance consultants or business owners, this is such a fantastic free bookkeeping and invoicing solution. Very user-friendly and straightforward to use for tracking expenses and issuing invoices. Wave completes the task without charge!

Cons:

It is now only available in North America, whereas before it was accessible worldwide, which makes it challenging to incorporate new business operations. Limited amount of Online payment gateway integration available.

Paul
Owner, Electrician in US
Construction, 2–10 Employees
Used the Software for: 2+ years
Reviewer Source

Alternatives Considered:

Definitely the best invoicing app I've ever used!

5.0 2 months ago New

Comments: My favorite invoicing app, hands down.The invoices that are generated are super professional and detailed, the reminders are very helpful, and it is a sharp looking app with an amazing interface, just hoping for the ability to use our swipe keyboard and predictive texts in the fields that it's most useful, such as item descriptions and such.. For the first few years that I used this app on my android, it was no problem, and we were able to use Swype keyboard, predictive text and speech to text in all fields, and in one of the recent updates, this feature was removed, making it a painstaking process to have to hammer out every single character one at a time, but myself and all the other business owners that use and love this app are holding out hope that this changes like very soon! Hopefully on one of these next updates somebody cares about our feedback!

Pros:

The phone app is so amazing to use, so easy and so complete..It's very easily customizable with your logo and information, and the invoices look sharp, clean & professional, with multiple options to send the invoices- PDF, links, etc.This app has become absolutely indispensable to my business.

Cons:

The ONLY thing (but a major thing) that I've seen that's frustrated not only myself, but many many others that are part of a small business owner's forum, is the following-and I hope someone does something about it ASAP-In the phone app, we used to be able to use the Swype keyboard, speech to text & predictive text, making it a breeze to fill out or alter item descriptions and such.After one of these recent updates a few months ago, this capability was removed from those fields, obligating us to type one character at a time.This really killed the ease of use of this app, and while I still give it a glowing review, the truth is that if this doesn't get resolved in the near future, by next year I'll have to move on to an app that allows me to use my keyboard & speech to text to fill out these item descriptions.The only reason myself and many others have not switched is bc we've complained about it and we are all really hoping that the development team takes the 5 minutes it would take to switch this back to the way it was, and because of the fact that we all have developed a thorough item list that would be hard to start from scratch, but we are holding out hope bc it's our favorite!Please, Wave Dev team, please revert this function to it's original capabilities!

Naz
Sales Director in UK
Information Technology & Services, 2–10 Employees
Used the Software for: 2+ years
Reviewer Source

Great free accounting software for invoicing, quotes and overall management

3.0 last month New

Comments: Great for the purpose of invoicing but a bit sad to see some features go e.g. Stripe integration for UK market

Pros:

Fantastic and easy to use for invoicing, with auto-send and remind feautures. Very professional and modern.

Cons:

Lack of Stripe integration which was removed for UK and no payroll and receipts integration.

Sheila
owner in US
Consumer Services, 2–10 Employees
Used the Software for: 2+ years
Reviewer Source

Wave Accounting is the absolute best

5.0 4 weeks ago New

Comments: Our experince with this program has been great and we would not use another program. Our administrative staff has been able to use the program with minimal training. We love the program and will continue to use it.

Pros:

Wave is a simply to use accounting program that allows us to create invoice, receive payemnts, view and print reports and keep up with money that is owed to us. We are able to use this program for all of our accounting and bookkeeping needs. It is so easy to use and the product support is superior to other accounting programs.

Cons:

There is nothing not to like about this program

Janet
Principal in US
Internet, 2–10 Employees
Used the Software for: 1+ year
Reviewer Source

Easy to Use Online Invoicing - No Monthly Fee

5.0 3 weeks ago New

Pros:

No monthly fees just the fee to process the online transaction.

Cons:

No telephone number for customer support just a chatbot.