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Who Uses Wave Accounting?
Wave's target market is small business owners (1-9 employees), freelancers and solo entrepreneurs. Wave has users in 200 countries around the world and our ecosystem is 4 million strong.
What Is Wave Accounting?
Wave offers 100% free, real double-entry accounting for small businesses. As a cloud-based software, Wave allows you to access your data from anywhere, add unlimited collaborators and work on all of your businesses from a single login. Wave eliminates data-entry and puts the financial reports you need at your fingers tips, allowing you to spend more time doing what you love. Your accounting is also seamlessly integrated with invoicing, receipt scanning, payment processing and payroll.
Wave Accounting Details
Wave Apps
https://www.waveapps.com
Founded 2009
Compare Wave Accounting with similar products
Starting price
Free Version
Free Trial
Wave Accounting deployment and support
Support
- Email/Help Desk
- FAQs/Forum
- Knowledge Base
- Chat
Deployment
- Cloud, SaaS, Web-based
- Android (Mobile)
- iPhone (Mobile)
Training
- In Person
- Live Online
- Webinars
- Documentation
- Videos
Wave Accounting Features
Accounting Software
- API
- Access Controls/Permissions
- Accounting
- Accounts Payable
- Accounts Receivable
- Activity Dashboard
- Activity Tracking
- Approval Process Control
- Audit Management
- Audit Trail
- Automatic Billing
- Bank Reconciliation
- Billing & Invoicing
- Budgeting/Forecasting
- CPA Firms
- Compliance Management
- Credit Card Processing
- Document Storage
- Expense Claims
- Expense Tracking
- Financial Management
- Financial Reporting
- Fixed Asset Management
- For Government
- Fund Accounting
- General Ledger
- Income & Balance Sheet
- Inventory Management
- Inventory Tracking
- Invoice Management
- Mobile Access
- Multi-Currency
- Multi-Location
- Nonprofits
- Order Management
- Payroll Management
- Project Accounting
- Project Management
- Projections
- Purchase Order Management
- Purchasing & Receiving
- Quotes/Estimates
- Receipt Management
- Recurring/Subscription Billing
- Reminders
- Sales Tax Management
- Status Tracking
- Tax Management
- Third Party Integrations
- Workflow Management
Accounts Receivable Software
- ACH Payment Processing
- API
- Account Reconciliation
- Accounting
- Accounting Integration
- Activity Dashboard
- Aging Tracking
- Alerts/Notifications
- Approval Process Control
- Bank Reconciliation
- Billing & Invoicing
- Cash Flow Management
- Cash Management
- Check Processing
- Collections Management
- Contact Database
- Credit Card Processing
- Customer Statements
- Customisable Reports
- Customisable Templates
- Data Import/Export
- Discount Management
- Document Management
- Electronic Payments
- Expense Tracking
- Financial Analysis
- Financial Management
- Forecasting
- General Ledger
- Inventory Management
- Inventory Tracking
- Invoice Management
- Invoice Processing
- Multi-Currency
- Online Payments
- Order Management
- Overpayment Processing
- Partial Payments
- Profit/Loss Statement
- Purchase Order Management
- Real Time Data
- Real Time Reporting
- Receipt Management
- Receivables Ledger
- Recurring/Subscription Billing
- Reminders
- Reporting & Statistics
- Sales Tax Management
- Third Party Integrations
- Workflow Management
Billing and Invoicing Software
- API
- Accounting
- Accounting Integration
- Activity Dashboard
- Activity Tracking
- Alerts/Notifications
- Billing & Invoicing
- Billing Portal
- Client Portal
- Contact Database
- Contingency Billing
- Credit Card Processing
- Customisable Branding
- Customisable Invoices
- Customisable Reports
- Customisable Templates
- Document Management
- Document Storage
- Dunning Management
- Electronic Payments
- Email Management
- Estimating
- Expense Tracking
- Financial Management
- Hourly Billing
- Invoice Creation
- Invoice History
- Invoice Management
- Invoice Processing
- Mobile Payments
- Multi-Currency
- Online Invoicing
- Online Payments
- Payment Processing
- Project Billing
- Projections
- Purchase Order Management
- Purchasing & Receiving
- Quotes/Estimates
- Real Time Data
- Real Time Reporting
- Recurring/Subscription Billing
- Reminders
- Reporting & Statistics
- Sales Tax Management
- Tax Calculation
- Third Party Integrations
- Time & Expense Tracking
- Timesheet Management
- Workflow Management
Bookkeeping Software
- ACH Payment Processing
- API
- Access Controls/Permissions
- Account Reconciliation
- Accounting
- Accounting Integration
- Accounts Payable
- Accounts Receivable
- Activity Dashboard
- Bank Reconciliation
- Billing & Invoicing
- Bookkeeping Services Integration
- Budgeting/Forecasting
- Cash Flow Management
- Cash Management
- Categorisation/Grouping
- Collections Management
- Credit Card Processing
- Customisable Templates
- Data Import/Export
- Document Storage
- Electronic Payments
- Estimating
- Expense Claims
- Expense Tracking
- Financial Analysis
- Financial Management
- Fixed Asset Management
- General Ledger
- Income & Balance Sheet
- Invoice Management
- Invoice Processing
- Mobile Access
- Multi-Currency
- Payroll Management
- Profit/Loss Statement
- Purchase Order Management
- Real Time Data
- Receipt Management
- Recurring/Subscription Billing
- Reminders
- Reporting & Statistics
- Revenue Recognition
- SSL Security
- Sales Tax Management
- Spend Management
- Tax Management
- Third Party Integrations
- Transaction History
- Vendor Management
Expense Management Software
- API
- Account Reconciliation
- Accounting
- Accounting Integration
- Activity Dashboard
- Activity Tracking
- Approval Process Control
- Audit Management
- Audit Trail
- Budgeting/Forecasting
- Categorisation/Grouping
- Compliance Management
- Configurable Workflow
- Corporate Card
- Credit Card Management
- Currency Conversion
- Customisable Reports
- Customizable Fields
- Data Import/Export
- ERP
- Electronic Payments
- Expense Claims
- Expense Tracking
- Financial Analysis
- Fraud Detection
- Invoice Management
- Invoice Processing
- Mileage Tracking
- Mobile Access
- Mobile Receipt Upload
- Multi-Currency
- Policy Management
- Projections
- QuickBooks Integration
- Real Time Analytics
- Real Time Data
- Real Time Notifications
- Real Time Reporting
- Real-time Updates
- Receipt Management
- Reimbursement Management
- Reminders
- Reporting & Statistics
- Single Sign On
- Spend Analysis
- Spend Control
- Third Party Integrations
- Time & Expense Tracking
- Timesheet Management
- Workflow Management
Recurring Billing Software
- ACH Payment Processing
- API
- Accounting Integration
- Activity Dashboard
- Alerts/Notifications
- Bank Reconciliation
- Billing & Invoicing
- Billing Rate Management
- CRM
- Client Portal
- Contact Database
- Credit Card Processing
- Customer Accounts
- Customer Database
- Customisable Branding
- Customisable Reports
- Customizable Fields
- Dashboard
- Data Import/Export
- Deferred Billing
- Discount Management
- Dunning Management
- Electronic Payments
- Email Invitations & Reminders
- Email Templates
- Invoice Management
- Invoice Processing
- Mobile Access
- Multi-Currency
- Multi-Period Recurring Billing
- Multiple Payment Options
- Order Management
- PCI Compliance
- Payment Processing
- QuickBooks Integration
- Real Time Analytics
- Real Time Data
- Real Time Reporting
- Recurring Invoicing
- Recurring/Subscription Billing
- Refund Management
- Reminders
- Reporting & Statistics
- Revenue Management
- Revenue Recognition
- Sales Tax Management
- Self Service Portal
- Subscription Management
- Third Party Integrations
- Transaction History
Reporting Tools
- "What If" Scenarios
- API
- Access Controls/Permissions
- Account Reconciliation
- Accounting
- Accounting Integration
- Activity Dashboard
- Alerts/Notifications
- Approval Process Control
- Audit Management
- Audit Trail
- Bank Reconciliation
- Billing & Invoicing
- Budgeting/Forecasting
- Cash Flow Management
- Cash Management
- Compliance Management
- Consolidation/Roll-Up
- Customisable Reports
- Customisable Templates
- Dashboard Creation
- Data Import/Export
- Data Visualisation
- ERP
- Electronic Payments
- Expense Tracking
- Financial Analysis
- Financial Management
- Forecasting
- General Ledger
- Income & Balance Sheet
- Invoice Management
- Invoice Processing
- Monitoring
- Multi-Company
- Multi-Currency
- Planning Tools
- Profit/Loss Statement
- Projections
- Purchase Order Management
- Real Time Analytics
- Real Time Data
- Real Time Reporting
- Receipt Management
- Reporting & Statistics
- Reporting/Analytics
- Scenario Planning
- Third Party Integrations
- Visual Analytics
- Workflow Management
Wave Accounting Alternatives - Capterra New Zealand 2021
More Wave Accounting alternatives
Wave Accounting Reviews
Read all reviewsOverall rating
Average score
Proinsias M.
-
Overall Rating5 /5
-
Ease of Use4 /5
-
Features & Functionality4 /5
-
Customer Support4 /5
-
Value for Money5 /5
-
Likelihood to Recommend
- Reviewer Source
- Reviewed on 3/03/2021
"Wave Accounting is great for a Startup Business"
Comments: I was very happy with the invoicing, payments, and the Design and functionality. I was able to search past transactions very easily. I did not pay for premium support, but the support that I recieve is excellent.
Pros:
It was free to use the accounting services
I was able to invoice customers using Stripe as a Payment Gateway which was great value
The Design and User Interface is very professional compared to others that I have seen
The Payment Gateway was also very professional when sent to customers, it added to the credibility of the business
Cons:
My particular Bank would not allow me to sync my account with Wave, but that was a local issue not a general issue.
I was very very happy with the invoicing. but I always felt that the ledger views were not as robust.
- Reviewer Source
- Reviewed on 3/03/2021
James R.
-
Overall Rating5 /5
-
Ease of Use5 /5
-
Features & Functionality5 /5
-
Customer Support5 /5
-
Value for Money5 /5
-
Likelihood to Recommend
- Reviewer Source
- Reviewed on 6/04/2021
"My go-to invoicing and accounting tool for my small business!"
Comments: Nothing but amazing! I'm so glad I switched from Square for my invoice and payment processing.
Pros: It is so easy to use, and customized specifically for small business owners. I absolutely LOVE the invoice feature - it's the primary feature that I use - and it just works so well. My completed payments rate is 100% and I believe is at least in part due to how easy the process is to view/pay invoices.
Cons: Sometimes I wish the payment speed was faster after a client makes a payment, but then they introduced instant deposits and I'm happy to pay the small fee to get my money faster!
- Reviewer Source
- Reviewed on 6/04/2021
Jennifer P.
-
Overall Rating5 /5
-
Ease of Use4 /5
-
Features & Functionality5 /5
-
Customer Support5 /5
-
Value for Money5 /5
-
Likelihood to Recommend
- Reviewer Source
- Reviewed on 9/06/2021
"Free invoicing, billing, and accounting software with paid upgrade features"
Comments: I like that I can do my own bookkeeping and light accounting and this keeps me relatively sane come tax time. I highly recommend Wave to anyone who's willing to learn at least a bit about accounting! With Wave Payments and Wave Payroll, the software works well for self-employed folks just getting started and will grow with them as they add to their team.
Pros: The cost is compelling -- free! -- but beyond that I find the software is advanced enough to do what I need without being utterly overwhelming like other options. I'm not accountant and there's only so much geeking out I want to do. I can send invoices, get paid, track all my expenses and payments, handle business AND personal finances from the same account, and it all works really well with my bank and integrates decently with Stripe via Zapier.
Cons: I'd love Wave Payments to allow for payments in more than one currency. I can invoice in USD and CAD (my main), but I can only accept online payments via Wave in CAD. No biggie.
- Reviewer Source
- Reviewed on 9/06/2021
Josh R.
-
Overall Rating1 /5
-
Ease of UseUnrated
-
Features & FunctionalityUnrated
-
Customer SupportUnrated
-
Value for MoneyUnrated
-
Likelihood to RecommendUnrated
- Reviewer Source
- Source: GetApp
- Reviewed on 7/06/2015
"I want to like Wave, and have been trying for years"
Comments: ..., but I need them to help me figure it out. I have a full-time salaried job as a copywriter and a few self-employment careers, like freelance writing, voice acting. I've always found doing my taxes to be a nightmare. I'd spend months stressing about it and trying to calculate income and expenses. Originally, I was adding up all my expenses with a calculator. When I discovered I could put things into Excel, it got a bit easier add numbers. And then about 4 or 5 years ago, I started using a new accountant, and he suggested Wave to me. I was excited to hear that it would important my bank and credit card statements, and that I could then quickly and easily categorize everything. I was sure this would save me so much time and stress. But I found Wave very hard to use. I wasn't sure how to create my own categories. I could never tell if my statements had been uploaded completely, and I would often wind up with duplicate transactions. And I still can't find a way to view the categories after I've allocated transactions to them. I tweeted to Wave a lot, and they were nice enough to send one their IT guys to sit with me in a coffee shop for a few hours. He watched as I tried to do things and he gave me help. He said this was useful to him, to see what people might be having trouble with. And, I figured I would then be ok. But I'm still having a lot of trouble. I'm not asking a lot. All I want to be able to do is import my bank statements and credit card statements, and categorize all the transactions. And being able to invoice people would be nice too. And it seems that his app has those features. But I still find it very complicated. I don't understand the categories. I can't find where the totals are. And lately, my mbna Mastercard has been saying it can't link to Wave. So tonight, I went in and started deleting all the transactions from 2014, hoping that I could start fresh and be sure that everything was imported correctly. But now I see that mbna won't give me the data files for before August (that's an mbna problem, not Wave) and I can't undelete what I deleted. And there's no way to get support without paying for it. But I don't want to pay until I'm confident the site can do the simple things I need it to do. Anyway, I'd love to support a local Toronto company. And I appreciate that someone from the company sat with me in person. And I see people reviewing positively, saying it makes a freelancers life easy. Someone even tweeted today that Wave makes doing accounting fun. But I just don't understand how people are able to use this site. If someone from the company, or one of the satisfied customers, could explain to me how to use this site properly, I'd love to be converted. But at this point, I fear I need to cut my loses and simplify my life by paying for some other software. I just want to be able to file my taxes and concentrate on my creative projects.
Pros: It seems like it offers the ability to import credit card and bank statements, categorize expenses, and invoice people. Those are the features I want. But...
Cons: ...I haven't been able to figure out how to smoothly and accurately use the features I want. This app is making my life harder than it was when I just manually typed in all my expenses into a Microsoft Word and added them up with a calculator.
Vendor Response
by Wave Accounting Inc. on 2/09/2015
Thanks for sharing with us your experience. Firstly, thanks for being such a valuable customer over the years. We especially appreciate your patience trying to make WaveApps work for your financials.
We have available Premium Support for customers who are getting started with Wave. We suggest those looking to best learn work arounds, and setting up proper customizations subscribe to our chat and phone support (unlimited - 9am-5pm EDT M-F) - $49 for three months. You can place a call and speak to one of our product specialists to help you work through your challenge.
If you could reach out to me [email protected] We'll try to match you with a member of our team to help troubleshoot since you have invested your valuable time into Wave to manage your business financials.
Jennifer from Wave
- Reviewer Source
- Source: GetApp
- Reviewed on 7/06/2015
Kari G.
-
Overall Rating5 /5
-
Ease of Use5 /5
-
Features & Functionality5 /5
-
Customer Support5 /5
-
Value for Money5 /5
-
Likelihood to Recommend
- Reviewer Source
- Reviewed on 9/05/2021
"I LOVE Wave!"
Comments: Overall, I highly recommend Wave if you are running a business and want low costs and an easy way to manage your finances. My business is simple and Wave makes it so much easier for me to stay on top of things and know where I need to focus my energy.
Pros: I have been using Wave since around 2015 and my books were a mess when I first began because I was doing them (not my strength) and once I heard about Wave's bookkeeping services, I couldn't believe how affordable they were. It's super easy to set up and use, run reports and know about your financials. I tried switching to QB for about 1 month and hated it, so I switched back. Lesson learned and I'm sticking around!
Cons: One thing I had to get used to was because I had my bank account connected and until the month is reconciled, when a invoice is paid I mark it paid and then the 'payment' comes in again from banking. It was easy to catch and now my Wave bookkeeper keeps all that reconciled. Thank you!
- Reviewer Source
- Reviewed on 9/05/2021
