Wave Accounting Platform

Wave Accounting Platform

12 Reviews

Wave accounting platform software offers a seamless solution for managing finances with its intuitive design and practical aspects. Useful features such as professional invoicing, mobile receipts and payroll make it worth the learning curve. It is a good choice overall, to simplify accounting tasks and drive success.

Wave Accounting Platform Specifications

Financial Reporting

Invoice Management

Expense Tracking

Tax Management

View All Specifications

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 Reviews

Overall Rating

4.2

12 Reviews

Rating Distribution

5

star

3

4

star

8

3

star

1

2

star

0

1

star

0

Oct 15, 2022

Best accounting services on a budget

Kari G.

Information Technology and Services

Ease of use

7

Value for money

8

Customer Support

8

Functionality

8

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.

Nov 10, 2020

Excellent experience

Susan

Self Employed

Ease of use

10

Value for money

9

Customer Support

8

Functionality

9

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.

Sep 16, 2020

Review

Armando

RTP

Ease of use

8

Value for money

9

Customer Support

8

Functionality

9

Pros

High level of integration. It is totally worth your investment.

Cons

An update would be nice but I absolutely love it.

Jul 16, 2020

FAVORITE!

Damola

Mercurie Labs

Ease of use

10

Value for money

9

Customer Support

9

Functionality

10

Pros

Wave is extremely user friendly. It is the easier invoicing Software. I love it.

Cons

Nothing honestly. It is a great software.

Jun 17, 2020

Love Wave. Wonderful experience

Kathy

Lazer Web Services

Ease of use

9

Value for money

7

Customer Support

7

Functionality

7

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.

May 12, 2020

Can do better

Farah

President

Ease of use

6

Value for money

8

Customer Support

8

Functionality

7

Pros

The features are great and can be extremely useful.

Cons

The software lags a little which stops us from using the features fully.

Feb 18, 2020

Everything i ever needed

Clay

Panhandle Lodging RV Park

Ease of use

7

Value for money

8

Customer Support

8

Functionality

8

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.

Dec 19, 2019

Amazing

Belinda

Seed Stock Media, llc

Ease of use

9

Value for money

8

Customer Support

7

Functionality

8

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.

Dec 18, 2019

Value of money

Shaye

Investment Management

Ease of use

7

Value for money

8

Customer Support

7

Functionality

9

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.

Aug 14, 2019

We love Wave

Lara

Contributor

Ease of use

8

Value for money

9

Customer Support

8

Functionality

9

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.

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