About wave
Wave is an accounting software platform from Wave Accounting designed for small businesses. It provides features like a small business tax season guide, a tax season checklist, and resources on profit and loss statements so users can manage their finances effectively. Wave also helps simplify bookkeeping and payroll management, making it a comprehensive tool for financial oversight. Over 350,000 small businesses trust Wave to simplify their accounting processes with its user-friendly interface and helpful resources. Key capabilities: create and send invoices accept online payments manage payroll access financial reports provide bookkeeping resources Best for: small business owners that need efficient financial management tools.
Wave is an all-in-one money management solution tailored for small business owners and solopreneurs, aiming to make bookkeeping and tax time easy—or even "fun." Its core functionality integrates no-sweat accounting, professional invoicing, and secure online payments in one place. Praised as simpler and less complicated than alternatives like QuickBooks, Wave is highly intuitive, featuring a convenient mobile companion app for tracking income, expenses, and cash flow on the go. The system provides dependable functionality, including reliable payroll that manages complicated legal requirements, and Advisors for 1:1 expert coaching or full service. Users appreciate the integrated features, which are designed to work together, eliminating the need to endlessly research separate solutions. The platform is deployed as a modern, Web-Based, Cloud, and SaaS solution, meaning no installation is necessary for use. Pricing is structured modularly to suit growing needs. It offers a generous Starter Plan for $0/month and a Pro Plan for $19 USD/month. Specialized services include the Wave Advisors Plan starting at $199/month and the Payroll Add-On starting from $40/month. CONTACT FOR QUOTE on larger services is available.
Pros & Cons
- +Completely free core accounting and invoicing tools make it cost-effective for freelancers and small businesses.
- +Simple, intuitive interface designed for non-accountants helps users manage finances without steep learning curves.
- +Integrated payments and payroll systems streamline operations and reduce the need for third-party tools.
- +Cloud-based platform allows access from anywhere with automatic data syncing across desktop and mobile.
- +Robust financial reporting provides clear insights into profitability, cash flow, and business performance.
- −Payroll and payments services are region-specific, leaving many international users without access.
- −Lacks advanced accounting features like inventory tracking or project-based costing for larger firms.
- −No dedicated phone support line; users rely primarily on email or live chat with limited availability.
- −Occasional syncing and bank connection issues can disrupt transaction imports and reconciliation.
- −Reporting customization is limited compared to more advanced accounting platforms.
- −Multi-user permissions and team management options are basic and not ideal for larger teams.
Features
Key features
- Accounting
- Double-entry bookkeeping, P&L, balance sheet, cashflow reporting and accounting reports.
- Invoicing
- Create, customize and send unlimited professional invoices and estimates.
- Payments
- Accept online credit card payments, bank (ACH) payments and Apple Pay via Payments by Wave.
- Payroll
- Run payroll, direct deposit, tax forms and (where supported) automatic tax remittances and filings.
- Receipts
- Digitally capture receipts (receipt scanning / OCR) and attach to transactions.
- Pro Plan automation
- Auto-import, auto-merge and auto-categorize bank transactions; automated late reminders; unlimited receipt scanning in Pro.
- Wave Connect / Google Sheets
- Upload/download customers, invoices, transactions and generate reports via Google Sheets add-on.
- Integrations & API
- Developer API plus partner integrations (Make, Zapier, Driversnote, etc.) for automation.
- Wave Advisors
- Paid bookkeeping & advisory services (in-house experts) and optional managed bookkeeping.
- Mobile App
- iOS/Android app for invoicing, expense tracking and notifications.
Additional features
- Double-entry Accounting
- Supports journal entries and customizable chart of accounts for accurate bookkeeping.
- Income & Expense Tracking
- Monitors cash inflows and outflows with detailed category management.
- Financial Reporting
- Generates Profit & Loss, Balance Sheet, and Cash Flow reports for business insights.
- Invoicing
- Create unlimited invoices, estimates, and bills for clients and suppliers.
- Invoice Customization
- Offers editable templates for branded, professional-looking invoices.
- Recurring Billing
- Automates recurring invoices and payment reminders (available in Pro plan).
- Online Payments
- Accepts credit cards, ACH bank transfers, and Apple Pay for fast online payments.
- Payment Fees
- Applies transparent per-transaction fees for processing online payments.
- Payroll
- Handles employee payroll, direct deposits, tax forms (W-2/1099 in US, T4/T4A in Canada), and supported tax remittances.
- Receipt Management
- Enables digital receipt scanning, OCR recognition, and mobile receipt uploads.
- Wave Connect
- Integrates with Google Sheets for easy data import, export, and custom reporting.
- Integrations
- Connects via Make, Zapier, and partners like Driversnote and MinuteDock for automation.
- Developer API
- Provides API access for developers to build custom integrations and workflows.
- Wave Advisors
- Offers expert-paid bookkeeping and accounting advisory services.
- Multi-Business Profiles
- Allows managing multiple business accounts within a single user profile.
- Data Management
- Supports data import/export in CSV format and via bank statement uploads.
- Security
- Ensures PCI Level 1 compliance and read-only bank connections through Plaid for data safety.
- Help Center
- Provides a detailed knowledge base and education resources for Accounting and Payroll.
- Mobile App
- iOS/Android app for invoicing, expense tracking, and financial notifications.
Pricing
Monthly plans
Receipts Add-On
USD 8
Pro Plan
USD 19
Countries & Languages
Interface languages
Billing currencies
No reviews yet
Be the first to drop a review
Alternatives to wave
.png){kind=small}
MuduBiz
MuduBiz is a business management platform from MuduPay that focuses on improving operational efficiency. It…
Wave
Wave is an accounting software/platform from Wave Financial that provides tools for managing finances. It…
Stripe Billing
Stripe Billing is a billing software platform from Stripe that supports online payment processing and…
Smartcash
Smartcash is a payment software from Maviance that supports digital financial transactions. It provides features…
About wave
Wave is an accounting software platform from Wave Accounting designed for small businesses. It provides features like a small business tax season guide, a tax season checklist, and resources on profit and loss statements so users can manage their finances effectively. Wave also helps simplify bookkeeping and payroll management, making it a comprehensive tool for financial oversight. Over 350,000 small businesses trust Wave to simplify their accounting processes with its user-friendly interface and helpful resources. Key capabilities: create and send invoices accept online payments manage payroll access financial reports provide bookkeeping resources Best for: small business owners that need efficient financial management tools.
wave Details
wave's In-App Market Place
Does wave have an in-app market place?
Yes
How many Mini-Apps in the marketplace?
1
Mini Apps
N/A
Pricing Options
Plans
Monthly plans
Receipts Add-On
USD 8
Pro Plan
USD 19
Accepted Payment Currencies
USD ($)
Pros & Cons
- Completely free core accounting and invoicing tools make it cost-effective for freelancers and small businesses.
- Simple, intuitive interface designed for non-accountants helps users manage finances without steep learning curves.
- Integrated payments and payroll systems streamline operations and reduce the need for third-party tools.
- Cloud-based platform allows access from anywhere with automatic data syncing across desktop and mobile.
- Robust financial reporting provides clear insights into profitability, cash flow, and business performance.
- Payroll and payments services are region-specific, leaving many international users without access.
- Lacks advanced accounting features like inventory tracking or project-based costing for larger firms.
- No dedicated phone support line; users rely primarily on email or live chat with limited availability.
- Occasional syncing and bank connection issues can disrupt transaction imports and reconciliation.
- Reporting customization is limited compared to more advanced accounting platforms.
- Multi-user permissions and team management options are basic and not ideal for larger teams.
wave's Support Options
Contact
(416) 521-9141wave's Alternatives
MuduBiz
MuduBiz is a business management platform from MuduPay that focuses on improving operational efficiency. It…
Wave
Wave is an accounting software/platform from Wave Financial that provides tools for managing finances. It…
Stripe Billing
Stripe Billing is a billing software platform from Stripe that supports online payment processing and…
Smartcash
Smartcash is a payment software from Maviance that supports digital financial transactions. It provides features…
.png&w=96&q=75){kind=small}
