Wave Accounting Platform

Wave is a free web-based accounting platform geared towards small and growing businesses, consultants, entrepreneurs, and freelancers. The solution offers a range of integrated applications that combine accounting, invoicing, payment tracking, payroll management, finance management, and receipt scanning in a streamlined, unified system. Wave offers a user-friendly interface to untrained users. It comes with an easy-to-navigate and comprehensive dashboard.

The software simplifies accounting and invoicing processes, reducing the loss of time on manually monitoring expenses, following payments, and managing employees and taxes. Businesses can gain access to real-time transaction records by linking their bank accounts, PayPal accounts, and other data sources. Some other useful features include invoicing templates, tracking capabilities, balance sheets, sales tax reports, and account receivable and payable reports.

The payroll module is only available in the U.S. and Canada, it offers features such as direct deposit and employee self-service. The software’s personal finance tool includes a budgeting tool, real-time investment tracking, and a comprehensive dashboard for personal finance management.

Pricing: Wave's accounting features are absolutely free, while the payroll module costs $20/month.

USP: Abides by all the up-to-date taxation and deduction regulations. The software offers yearly account reports for businesses to review progress and detailed spending trends.

Support: Support is extended via email and phone.

Product Advantages: Free of cost and packed with a number of amazing features.

Product Limitations: Good concept, needs improvement in various aspects. It cannot perform complex accounting functions. No keyword search function in the Transactions section making it hard to find a specific transaction.

Wave Accounting Platform Pricing

Small Organization

Within Budget

Medium Organization

Within Budget

Large Organization

Outside Budget

Wave Accounting Platform reviews

Overall Rating

12 Reviews

Excellent
25%
Good
67%
Average
8%
Poor
0%
Terrible
0%

Best accounting services on a budget

October 2022

Kari G.

Information Technology and Services

Pros:
I was handed the accounting part of our startup, which was the most difficult part for me. After months of managing the finances (and failing admirably), we decided to buy software that would help. QuickBooks was our first choice, but it was so expensive and a lot of the features it offered werent needed, which made it more expensive for us. However, after a lot of searching, we finally settled on Wave, which had just the right amount of features at a price we liked. I use it to run reports and manage our expenses with a level of accuracy weve never achieved before.
Cons:
It is a bit of a concern that closing a time period on Wave is not entirely possible. Whatever you do, someone with enough access can go back up to a year and change whatever entries they want without notifying anyone. I would absolutely love it if the admin department could limit access or, at the very least, close the period properly so that no changes could be made without notification. User growth is also very, very limited with the software.

Excellent experience

November 2020

Susan

Self Employed

Pros:
I have had a wonderful experience with Wave. Accounting by Wave totally saved a big client project for me.
Cons:
I havent found anything negative yet.

Review

September 2020

Armando

RTP

Pros:
High level of integration. It is totally worth your investment.
Cons:
An update would be nice but I absolutely love it.

FAVORITE!

July 2020

Damola

Mercurie Labs

Pros:
Wave is extremely user friendly. It is the easier invoicing Software. I love it.
Cons:
Nothing honestly. It is a great software.

Love Wave. Wonderful experience

June 2020

Kathy

Lazer Web Services

Pros:
The Invoicing system is my absolute favorite. It is so easy to understand and manage.
Cons:
I would have liked to be able to schedule the payments by specific date rather than generically as day, week, month, etc.

Can do better

May 2020

Farah

President

Pros:
The features are great and can be extremely useful.
Cons:
The software lags a little which stops us from using the features fully.

Everything i ever needed

February 2020

Clay

Panhandle Lodging RV Park

Pros:
I like the payroll and invoicing options. I use Wave to categorize all my expenses. Its so easy and convenient for me as it saves me so much time.
Cons:
They disabled the ability for deposits to be auto categorized. I really liked having this option.

Amazing

December 2019

Belinda

Seed Stock Media, llc

Pros:
The invoicing features were our biggest need and the program allows us to send the invoice, send reminders, mark paid, and send receipts.
Cons:
We needed some specific tax calculations.

Value of money

December 2019

Shaye

Investment Management

Pros:
This software has made the thing that I hate the most so simple for me which is bookkeeping. I love it. I would highly recommend it.
Cons:
I have a tough time figuring out how to use two different currencies and still maintain consistency.

We love Wave

August 2019

Lara

Contributor

Pros:
The software is very easy to use and understand. All the features are very useful. We love it.
Cons:
I wish the customer support was a little more responsive.

User friendly

January 2019

Jack B

President

Pros:
Good software. Very easy to navigate and manage.
Cons:
It lacks some features but overall, pretty good.

I am obsessed

December 2018

Elly

-

Pros:
This makes my accounting SO EASY! Not only am able to easily keep track of my expenses and costs associated with my business.
Cons:
This is a difficult one as I really dont dislike anything.

Call us at

(661) 384-7070

Call us at

(661) 384-7070