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    Overview
    ProductRatingMost Used ByProduct SummaryStarting Price

    Wave Accounting

    Score8.3 out of 10
    N/AWave Accounting is a free, cloud-based accounting platform exclusively for small businesses. It supports double-entry bookkeeping and permits unlimited user access, invoicing, and expense management. Wave Accounting integrates with Wave's invoicing, receipt scanning, payment processing and payroll apps.

    $16

    per month

    Pricing
    Wave Accounting
    Editions & Modules
    Starter
    $0
    Pro
    $16
    per month
    Pro - billed annually
    $170
    per year
    Offerings
    Pricing Offerings
    Wave Accounting
    Free Trial
    No
    Free/Freemium Version
    Yes
    Premium Consulting/Integration Services
    No
    Entry-level Setup FeeNo setup fee
    Additional Details—
    More Pricing Information
    Community Pulse
    Wave Accounting
    Considered Both Products
    Wave
    Chose Wave Accounting
    I used to have Quickbooks and it was very expensive and had functions I just didn't need. This is simple and easy to use. Perfect for small business owner.
    Incentivized
    Chose Wave Accounting
    It is a useful solution but not designed for the UK market. For a businesses that want to see their debtors, creditors, profit and loss and balance sheet it is a great solution, however with those needing legal UK compliance the software will not work as well and the other free …
    Incentivized
    Chose Wave Accounting
    Albeit Xero is much more robust and does require a monthly subscription payment. Wave Accounting is perfect for the very small client that does not have funds to pay for accounting subscriptions nor the high level of transactional/account management required of some clients.
    Incentivized
    Chose Wave Accounting
    quickbooks seems to be more feature rich and can connect to my POS. At some point i may witch over if my accounting becomes too complicated for Wave Accounting
    Incentivized
    Chose Wave Accounting
    Wave is easier to understand for the accounting illiterate
    Wave is free
    Incentivized
    Chose Wave Accounting
    It doesn't in anyway due to the fraud that is inflicted on so many companies!
    Incentivized
    Chose Wave Accounting
    This was my first invoice company. I had seen Freshly before. Venmo is far less of an accounting tool. QuickBooks seems terrible with a monthly cost. Which is why I hadn't moved companies yet. But I just learned my Website host, Wix, offers it right through my site and Clients …
    Incentivized
    Chose Wave Accounting
    Wave's price point was in line with what my company needed to manage basic accounting (payable and receivable accounts). It made it easy for me to issue monthly invoices to clients and track when invoices were paid. The software makes these tasks easy to manage and inputting …
    Incentivized
    Chose Wave Accounting
    I shopped Wave and Quickbooks. I loved Wave's interface and ease of use. It had everything I needed for the free version.
    Incentivized
    Chose Wave Accounting
    The best feature about wave is that they let you use it for free for basic accounting and pay per use payments. But based on my horrible experience with how they cancelled my payments feature, I would never use them again!
    Incentivized
    Chose Wave Accounting
    Wonderful, great support, and many videos on how to do it. Fast response to emails. Does "Fund Accounting" that is required for many non-profits.
    Incentivized
    Chose Wave Accounting
    As I stated previously, Wave is a free system. It serve you well as non-resident of USA/Canada for your basic bookkeeping needs, as a micro-business. If you are a resident of those countries, you will benefit immensely from the payroll function as well. If you are looking for a …
    Incentivized
    Chose Wave Accounting
    Circling back to the "free" thing again. For a small business, I am getting for free what QuickBooks Online charges no less than $40/month. Moving away from "free," these other solutions I listed above do more, and these would be the right solutions for the right needs. All of …
    Incentivized
    Chose Wave Accounting
    Wave Accounting is very similar to QuickBooks Online. The functions of Wave Accounting are very similar to QuickBooks Online. The major difference is that with the low pricing of Wave Accounting, it lacks all of the bells and whistles that QuickBooks Online has like …
    Incentivized
    Chose Wave Accounting
    I was not impressed with Xero or ZipBooks simply because they were expensive and still as, if not more, confusing than QuickBooks. QuickBooks is, unfortunately, the standard. I dislike it, and I think it is just a huge corporation trying to steal small businesses money, but …
    Incentivized
    Chose Wave Accounting
    Wave feels more geared toward a younger generation. QB feels very old and stuffy, though they're slowly coming around. QB feels much more powerful than Wave but Wave did what I needed it to do. My CPA had never heard of it before so I ended up needing to have both, but Wave …
    Incentivized
    Chose Wave Accounting
    I chose to keep Wave first because it is free and easy to use but I also could not find anything else that allowed me to create customer categorizations at least not with a free account. There have been a lot of improvements to Wave over the years so the reasons I was looking …
    Incentivized
    Chose Wave Accounting
    Basically, we selected Wave because it was a free accounting system. We have not tried another accounting system that is so much better than Wave Accounting that we should leave Wave Accounting. Every time, we find another online accounting system we do a review of the system …
    Incentivized
    Chose Wave Accounting
    Invoicing is the only feature I was looking for and for that Wave had a better UI, which is why I selected it versus Stripe. I believe Stripe has more functionality, but it was more than I needed for my purposes. That being said, I do use Stripe in conjunction with Wave …
    Incentivized
    Chose Wave Accounting
    Honestly, it stacks up pretty good except for the ACH transactions. With QuickBooks, ACH transactions were in my account in 2 business days at the 1% charge (that both companies charge).

    The support is similar on both sides. I spent 18 days trying to cancel my QuickBooks …
    Incentivized
    Chose Wave Accounting
    Unfortunately we did not do our due diligence before selecting Wave. We came across them through our payroll provider (ADP) and assumed that it was good since we have had a great experience with ADP. In the future I would strongly recommend others to not just read online …
    Incentivized
    Chose Wave Accounting
    I trialled FreshBooks a while back but they pack too much into the system for what it is. Wave has a super simple UI and dashboard and doesn't feel overly complicated to navigate yet offers all the features everyone is looking for. Being able to customize the system to brand …
    Incentivized
    Chose Wave Accounting
    For the pricing arrangement, the ease of use and the user-friendliness of the app, Wave crushes QuickBooks Online and Zoho Books. FreshBooks was a little bit closer as the two are more of an apples-to-apples comparison, but FreshBooks doesn't offer a non-paid option and they …
    Incentivized
    Chose Wave Accounting
    I was using Billings Pro, and On the Job. I did trials of Due and Sighted. But I didn't like the UI and features of those 2. After testing out Wave, I liked the features, UI, and customization better than the other options. Wave is much easier, and the user interface is very …
    Incentivized
    Key User Insights
    Would buy again
    No answers on this topic
    Delivers good value for the price
    No answers on this topic
    Happy with the feature set
    No answers on this topic
    Lived up to sales and marketing promises
    No answers on this topic
    Implementation went as expected
    No answers on this topic
    Features
    Wave Accounting
    Payroll Management
    Comparison of Payroll Management features of Wave Accounting
    Feature
    Wave Accounting
    6.2
    24 Ratings
    Pay calculation7.123 Ratings
    Benefit plan administration7.54 Ratings
    Direct deposit files1.220 Ratings
    Salary revision and increment management7.712 Ratings
    Reimbursement management7.48 Ratings
    Customization
    Comparison of Customization features of Wave Accounting
    Feature
    Wave Accounting
    8.5
    13 Ratings
    API for custom integration9.99 Ratings
    Plug-ins7.011 Ratings
    Security
    Comparison of Security features of Wave Accounting
    Feature
    Wave Accounting
    6.4
    45 Ratings
    Single sign-on capability6.432 Ratings
    Role-based user permissions6.436 Ratings
    Reporting & Analytics
    Comparison of Reporting & Analytics features of Wave Accounting
    Feature
    Wave Accounting
    6.3
    72 Ratings
    Dashboards6.070 Ratings
    Standard reports8.069 Ratings
    Custom reports5.036 Ratings
    General Ledger and Configurable Accounting
    Comparison of General Ledger and Configurable Accounting features of Wave Accounting
    Feature
    Wave Accounting
    7.0
    75 Ratings
    Accounts payable7.158 Ratings
    Accounts receivable7.169 Ratings
    Cash management8.561 Ratings
    Bank reconciliation8.565 Ratings
    Expense management7.563 Ratings
    Time tracking9.811 Ratings
    Fixed asset management9.812 Ratings
    Multi-currency support10.019 Ratings
    Multi-division support7.19 Ratings
    Regulations compliance5.016 Ratings
    Electronic tax filing5.914 Ratings
    Self-service portal8.040 Ratings
    Global Financial Support9.02 Ratings
    Primary and Secondary Ledgers9.05 Ratings
    Intercompany Accounting4.05 Ratings
    Localizations5.23 Ratings
    Journals and Reconciliations8.530 Ratings
    Enterprise Accounting4.07 Ratings
    Configurable Accounting5.017 Ratings
    Centralized Rules Framework1.03 Ratings
    Standardized Processes7.019 Ratings
    Inventory Management
    Comparison of Inventory Management features of Wave Accounting
    Feature
    Wave Accounting
    8.1
    11 Ratings
    Inventory tracking5.68 Ratings
    Automatic reordering9.95 Ratings
    Location management8.12 Ratings
    Manufacturing module9.01 Ratings
    Order Management
    Comparison of Order Management features of Wave Accounting
    Feature
    Wave Accounting
    7.6
    52 Ratings
    Pricing9.926 Ratings
    Order entry10.018 Ratings
    Credit card processing2.345 Ratings
    Cost of goods sold10.033 Ratings
    Order Orchestration5.85 Ratings
    End-to-end order visibility8.24 Ratings
    Order exception Resolution7.02 Ratings
    User Ratings
    Wave Accounting
    Likelihood to Recommend
    6.0
    (81 ratings)
    Likelihood to Renew
    7.8
    (3 ratings)
    Usability
    7.0
    (16 ratings)
    Availability
    6.7
    (4 ratings)
    Performance
    2.9
    (2 ratings)
    Support Rating
    2.1
    (12 ratings)
    Online Training
    4.7
    (3 ratings)
    CPA Rating
    8.0
    (8 ratings)
    Product Scalability
    3.0
    (2 ratings)