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About Wave
Online accounting software that provides features including invoicing, billing, payment tracking, payroll management, finance management, credit card processing, and receipt scanning. Wave Accounting is designed to help businesses streamline bookkeeping processes. With Wave's bank reconciliation tools, businesses can manage all bank account and credit card information in real-time to improve bookkeeping. Businesses can also generate reports that include various data such as sales tax, balance sheet, cash flow, profit/loss, plus more. Wave's dashboard includes an invoicing tool that collects invoice payments.
A small business owner can choose customizable invoicing templates based on unique business needs. Invoices can be sent via email and the software's credit card processing feature allows users to collect payments online. Recurring invoices and automatic payment features are available for regular customers. Wave empowers users to keep track of their business's financial health by offering accounting reports. These reports provide insights by allowing for month-to-month or year-to-year comparisons. By identifying cash flow trends, businesses can make informed decisions to navigate their financial landscape. It organizes income, expenses, payments, and invoices through the dashboard.
Its security measures assist with the protection of sensitive financial data. Bank data connections are read-only and encrypted using 256-bit encryption. The servers are housed under physical and electronic protection, and Wave is PCI Level-1 certified for handling credit card and bank account information, further enhancing the security of users' financial information.
Wave pricing
Wave has a free version and does not offer a free trial. Wave paid version starts at US$16.00/month.
Starting Price:
US$16.00/month
Free Version:
Yes
Free trial:
No
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Wave Reviews for UK Users
Feature rating
5 reviews of 1,663
View all reviews
Erik
- Industry: Logistics & Supply Chain
- Company size: 11–50 Employees
- Used Daily for 1+ year
-
Review Source
4
Reviewed on 11/01/2025
Wave Review.
The system is great cost effective not the easiest to use but great system overall.
Pros
The features in the platform are great. Simple to use not user friendly but easy to use.
Cons
Their platform doesn't integrate with other systems in the transportation industry.
Reasons for Switching to Wave
There system do not integrate with transportations systems.
Verified Reviewer
- Industry: Health, Wellness & Fitness
- Company size: Self Employed
- Used Daily for 2+ years
-
Review Source
5
Reviewed on 02/01/2025
Wave really is the way to go!
Once of the easiest programs, I honestly can't find anything to 'complain' about. Supper effective, easy, and the right features for a small business.
Pros
-Very affordable for a single owner small business
-EASY to use
-Makes accounting anxiety free
-You can hire professional bookkeeper if needed
-Can add your accountant to the account with ease
-Can invoice and track customer payments
Cons
-Would love more categories for expenses
Reasons for Choosing Wave
Xero was increasing their fees and Quickbooks was too costlyReasons for Switching to Wave
I chose Wave for the ease of use, overall cost, and it's webbased.
Brie
- Industry: Construction
- Company size: 2–10 Employees
- Used Daily for 1+ year
-
Review Source
3
Reviewed on 14/12/2024
Good for Small Business That Doesn’t Need Job Costing
This is a great app for small businesses or startups that don’t need job costing and don’t have complex accounting situations.
Pros
Its free version is pretty robust. You can add your branding to forms. You can accept payments.
Cons
Not a good app for job costing Or if you have multiple projects under one customer. Not robust enough for complex accounting situations
Reasons for Switching to Wave
Because it offered the most robust system for free
Brigitte
- Industry: Consumer Goods
- Company size: 2–10 Employees
- Used Daily for 2+ years
-
Review Source
5
Reviewed on 10/12/2024
Raving About Wave
I have been using Wave for our small business bookkeeping for the past five or six years and love the ability to connect my bank accounts and credit cards and run weekly, monthly, and yearly reports.
Pros
For our small business, it is nice to have an affordable accounting option.
Cons
I wish they had not done away with the free scan receipts feature. I still pay for it, though.
Alternatives Considered
QuickBooks DesktopReasons for Choosing Wave
QuickBooks was much more expensive and had may more features than I needed for a small business.Switched From
QuickBooks OnlineReasons for Switching to Wave
Wave was less expensive and easier to learn and teach to our employees.
Zeah
- Industry: Accounting
- Company size: 2–10 Employees
- Used Monthly for 2+ years
-
Review Source
4
Reviewed on 16/12/2024
Wave-Great Free Resource
Overall, it is a good experience and gives small businesses who are just getting started, a way to organize their books and access reporting without a higher monthly software price point.
Pros
Wave is a great software that is free to most users as a way to pull their accounting records together. Clients that I have that use it, think it works great for it being free.
Cons
I do think overall it is a little less intuitive for someone who doesn't have an accounting background. The transaction screen and recording process with it listing everything in the main screen, is sometimes hard to track, especially if all the accounts are selected. Great for basic bookkeeping, but more complicated businesses with more transactions & accounts, I would recommend a more sophisticated software.
