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 reviews

Overall Rating

11 Reviews

Excellent
27%
Good
64%
Average
9%
Poor
0%
Terrible
0%

Susan

Self Employed

2-10 employees

November 2020

Excellent experience

Pros:
I have had a wonderful experience with Wave. Accounting by Wave totally saved a big client project for me.
Cons:
I haven't found anything negative yet.

Armando

RTP

1,001-5,000 employees

September 2020

Review

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

Damola

Mercurie Labs

2-10 employees

July 2020

FAVORITE!

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

Kathy

Lazer Web Services

1 employee

June 2020

Love Wave. Wonderful experience

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.

Farah

President

11-50 employees

May 2020

Can do better

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

Clay

Panhandle Lodging RV Park

2-10 employees

February 2020

Everything i ever needed

Pros:
I like the payroll and invoicing options. I use Wave to categorize all my expenses. It's 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.

Belinda

Seed Stock Media, llc

2-10 employees

December 2019

Amazing

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.

Shaye

Investment Management

2-10 employees

December 2019

Value of money

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.

Lara

Contributor

2-10 employees

August 2019

We love Wave

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.

Jack B

President

2-10 employees

January 2019

User friendly

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

Call us at

(661) 384-7070

Call us at

(661) 384-7070