About WaveERP
WaveERP is an accounting software from Wave Financial Inc. that helps manage finances for small businesses. It combines invoice creation, online payment acceptance, and basic accounting features so users can keep their financial records organized. WaveERP offers a small business tax season guide, a tax season checklist, and explanations of profit and loss statements along with balance sheets, supporting users in navigating financial tasks. With over 350,000 small businesses trusting Wave, it provides accessible tools tailored for non-accountants. Key capabilities: invoice creation online payment processing tax season guides bookkeeping resources financial statement explanations Best for: small business owners that need efficient financial management tools.
WaveERP by Wave Financial Inc. is a cloud-based financial management solution tailored for freelancers, small business owners, and sole proprietors. Its primary purpose is to simplify accounting, invoicing, payments, and payroll through an intuitive and cost-effective platform. Key features include double-entry accounting, professional invoicing, receipt scanning, and integrated payroll services for U.S. and Canadian users. The user interface of WaveERP is sleek and minimalistic, designed with non-accountants in mind. The dashboard presents financial data in a clean, digestible format, with easy navigation between modules like Invoicing, Transactions, and Reports. Users can customize invoice templates and access real-time insights with just a few clicks. The mobile app mirrors this simplicity, allowing users to manage finances on the go. Functionally, WaveERP offers a robust suite of tools for managing income, expenses, and taxes. Its standout feature is the free core accounting system, which includes bank reconciliation, cash flow tracking, and financial reporting. The Easy Credit Control and Receipt Scanning tools enhance usability, while the payroll module automates tax filings and direct deposits.
Pros & Cons
- +Highly affordable solution offering core features like accounting and invoicing completely free, ideal for freelancers and small businesses.
- +Exceptionally simple to use, designed for non-accountants with an easy setup and clear interface compared to traditional ERP systems.
- +Integrated payment options allow clients to pay via credit card or bank transfer directly from invoices, ensuring faster payments.
- +Mobile apps for invoicing and receipt management make it easy to run your business from anywhere.
- +Secure bank integration automatically imports transactions, saving time and simplifying bookkeeping.
- −Limited scalability, as it lacks advanced modules like inventory, CRM, or full ERP capabilities required by larger enterprises.
- −Support for free users is minimal, often limited to online guides and community forums rather than dedicated assistance.
- −Some paid features, such as payroll, are restricted to users in the US and Canada.
- −Integration options are limited, with few connections to third-party tools like e-commerce or CRM systems.
- −Missing advanced features such as purchase orders, time tracking, and multi-currency management, making it less suitable for complex businesses.
Features
Key features
- Free Core Accounting
- The fundamental Accounting software (tracking income/expenses, cash flow, and reports) is offered for free.
- Integrated Payments
- Allows businesses to accept online payments (credit card, bank transfer, Apple Pay) directly through their invoices, enabling customers to "Get paid faster."
- Professional Invoicing
- Enables the creation of professional, custom-branded invoices and estimates in a few clicks.
- Receipt Scanning
- A mobile feature (Receipts app) allows users to ditch the "shoebox" by tracking and managing receipts digitally.
- Advisors
- A paid service that provides 1:1 help from Wave's in-house bookkeeping, accounting, and payroll experts for businesses needing hands-on assistance.
Additional features
- Accounting
- Track income and expenses, manage cash flow, and generate reporting (P&L, Balance Sheet).
- Invoicing
- Create and send professional invoices, set up recurring invoices, and track outstanding balances.
- Payments
- Accept credit card payments and bank transfers on invoices (transaction fees apply).
- Estimates & Deposits
- Create professional estimates and convert them into invoices.
- Receipts
- Mobile and desktop tools for uploading, managing, and categorizing receipts.
- Payroll
- Reliably pay employees and yourself, manage contractors, and handle tax filings (Paid feature, available only in the US and Canada).
Pricing
Annual plans
Proplan
USD 190
≈ USD 15.83/mo when billed annually
≈USD 15.83/mo when billed annually
Countries & Languages
Available in
Interface languages
Billing currencies
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About WaveERP
WaveERP is an accounting software from Wave Financial Inc. that helps manage finances for small businesses. It combines invoice creation, online payment acceptance, and basic accounting features so users can keep their financial records organized. WaveERP offers a small business tax season guide, a tax season checklist, and explanations of profit and loss statements along with balance sheets, supporting users in navigating financial tasks. With over 350,000 small businesses trusting Wave, it provides accessible tools tailored for non-accountants. Key capabilities: invoice creation online payment processing tax season guides bookkeeping resources financial statement explanations Best for: small business owners that need efficient financial management tools.
WaveERP Details
WaveERP's In-App Market Place
Does WaveERP have an in-app market place?
Yes
How many Mini-Apps in the marketplace?
1
Mini Apps
N/A
Pricing Options
Plans
Annual plans
Proplan
USD 190
≈ USD 15.83/mo when billed annually
≈USD 15.83/mo when billed annually
Accepted Payment Currencies
USD ($), CAD (C$)
Pros & Cons
- Highly affordable solution offering core features like accounting and invoicing completely free, ideal for freelancers and small businesses.
- Exceptionally simple to use, designed for non-accountants with an easy setup and clear interface compared to traditional ERP systems.
- Integrated payment options allow clients to pay via credit card or bank transfer directly from invoices, ensuring faster payments.
- Mobile apps for invoicing and receipt management make it easy to run your business from anywhere.
- Secure bank integration automatically imports transactions, saving time and simplifying bookkeeping.
- Limited scalability, as it lacks advanced modules like inventory, CRM, or full ERP capabilities required by larger enterprises.
- Support for free users is minimal, often limited to online guides and community forums rather than dedicated assistance.
- Some paid features, such as payroll, are restricted to users in the US and Canada.
- Integration options are limited, with few connections to third-party tools like e-commerce or CRM systems.
- Missing advanced features such as purchase orders, time tracking, and multi-currency management, making it less suitable for complex businesses.
WaveERP's Support Options
Email Address
mrubin@waveapps.comContact
+14165219141WaveERP's Alternatives
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