About Wave
Wave is an integrated solution designed for small businesses. With our automatic bank connections, information flows into Wave, without manual entry. Users can collaborate with accountants or bookkeepers in real-time.
Teams can use Wave’s invoicing tools to collect money and choose templates that reflect their business, including logos and colors for invoices. Users can send invoices via email and collect credit card payments through payment processing. Wave’s Payroll tools in America and Canada offer direct deposit and employee self-service.
Wave’s personal finance tools assist with budgeting, real time investment tracking, and more.
Key benefits of Wave
Wave helps small business owners.
What you will see is all the tools you need to gain better insights into your personal and business finances, all with one login. Whether it’s invoicing, payroll, or personal investment tracking, the days of multiple logins are in the past. And with accounting and invoicing tools and payroll, getting organized has never been more affordable.
Get paid faster, gain insights into your businesses financial health, know where your money goes and pay your employees, all with Wave.
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Reviews
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Software buyers need your help! Product reviews help the rest of us make great decisions.
- Industry: Marketing & Advertising
- Company size: 2–10 Employees
- Used Weekly for 2+ years
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Review Source
Overall rating
- Value for Money
- Ease of Use
- Customer Support
- Likelihood to recommend 8.0 /10
Wave - Accounting Software
Reviewed on 20/09/2024
I've used Wave for nearly five years now. It's simple to use, and the cost is pretty low compared...
I've used Wave for nearly five years now. It's simple to use, and the cost is pretty low compared to some of the other options out there. I have had a few technology hiccups from time to time that have created some extra work and had me exploring other options, but each time it was eventually resolved, and I am still with them.
Pros
Wave is pretty easy to use, and if you can't figure it out on your own, the help documents are pretty easy to follow and guide you to the right spot.
Cons
It's invoicing only so it's not as robust as some competitor products that also include documents for proposals and such.
Reasons for Switching to Wave
Wave had the easiest to use interface and the options that were on the "had to have" list at the lowest rate. I really liked HoneyBook and FreshBooks, but their cheapest plans were much more expensive than Wave.- Industry: Fund-Raising
- Company size: Self Employed
- Used Weekly for 2+ years
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Review Source
Overall rating
- Value for Money
- Ease of Use
- Customer Support
- Likelihood to recommend 10.0 /10
So happy with the free version!
Reviewed on 02/12/2024
So happy with a free software that actually takes care of my needs.
So happy with a free software that actually takes care of my needs.
Pros
I use the free version and am completely happy with it! I am not an accountant, so my learning curve was big, but that was more for the accounting side and not the software side.
Cons
It freezes up sometimes when I try to open too many windows.
- Industry: Consumer Services
- Company size: Self Employed
- Used Daily for 1-5 months
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Review Source
Overall rating
- Value for Money
- Ease of Use
- Customer Support
- Likelihood to recommend 4.0 /10
Disappointed
Reviewed on 12/07/2024
I am disappointed in that I was hoping for an accounting software AND a payment solution all in...
I am disappointed in that I was hoping for an accounting software AND a payment solution all in one. I am unfortunately now looking for a new payment solution. Support just provided scripted responses. They don't seem to care to escalate anything on your behalf. Receiving your money in a timely manner as a small business means everything!
Pros
I like the ease of use. Very user friendly. I moved from QB Pro to Wave because of the extreme increase in pricing QB imposed.
Cons
You can't convert a percentage of an estimate to an invoice (industry norm). You must wait 7 BUSINESS DAYS to receive a bank (ACH) payment. Every single ACH payment I have received from my clients has taken EXACTLY 7 business days while their website states it takes 2-7 business days. Not truthful at all. They also charge 1% with NO cap - and they still hold onto your money! Unbelievable!
- Industry: Mental Health Care
- Company size: Self Employed
- Used Weekly for 2+ years
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Review Source
Overall rating
- Value for Money
- Ease of Use
- Customer Support
- Likelihood to recommend 10.0 /10
An Accounting Dream!
Reviewed on 14/10/2024
Fantastic! I'm able to pull my profit and loss statement quickly and clearly. There are many...
Fantastic! I'm able to pull my profit and loss statement quickly and clearly. There are many options for running reports and seeing where your money is going.
Pros
Wave is fantastic! It's easy to use and provides many options for running reports and managing your money. I also love the ability to connect my business card and my business bank account.
Cons
Any problems I have with Wave are not because of the software. Wave has made it as easy as possible.
- Industry: Accounting
- Company size: 11–50 Employees
- Used Daily for 6-12 months
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Review Source
Overall rating
- Value for Money
- Ease of Use
- Customer Support
- Likelihood to recommend 8.0 /10
An efficient and must have software
Reviewed on 30/11/2024
Overall, wave is not as feature rich as some premium software but it does the job well for basic...
Overall, wave is not as feature rich as some premium software but it does the job well for basic accounting needs.
Pros
Wave has a user friendly interface and intuitive design. The software is also easy to navigate, making accounting tasks like invoicing, tracking expenses, and managing payments relatively simple.
Cons
Wave has limited customer support options. While the platform offers extensive help documentation, I found that getting direct support through chat or phone was not always fast or readily available.
Wave FAQs
Below are some frequently asked questions for Wave.Q. What type of pricing plans does Wave offer?
Wave offers the following pricing plans:
- Starting from: US$16.00/month
- Pricing model: Free Version, Subscription
- Free Trial: Not Available
Wave offers two main pricing plans: Starter and Plus. The Starter plan is designed for businesses looking to manage their finances effectively. It includes features such as creating unlimited estimates, invoices, bills, and bookkeeping records, as well as the option to accept online payments and invoice on-the-go through the Wave app. On the other hand, the Plus plan builds upon these functionalities by providing more advanced features to streamline financial processes. These features include auto-importing bank transactions, auto-merging and categorizing bank transactions, digitally capturing unlimited receipts, and tracking expenses. Users of the Plus plan also benefit from automated late payment reminders, helping them stay on top of their financial obligations. Additionally, the Plus plan offers the option to accept online payments at a discounted rate, enhancing convenience and cost-efficiency for businesses. Ultimately, while the Starter plan is ideal for basic financial management tasks, the Plus plan caters to businesses seeking a more comprehensive solution with advanced automation features and additional tools to ensure efficient financial operations. Accounting & Invoicing - Free Receipt Management - Free Credit card processing - $0.30 + 2.9% per transaction Bank payment/ACH processing - 1% per transaction ($1 minimum fee) Payroll (tax service states): $35/month base fee + $4/active employee + $4/independent contractor paid Payroll (self service states): $20/month base fee + $4/active employee + $4/independent contractor paid
Q. Who are the typical users of Wave?
Wave has the following typical customers:
Self Employed, 2–10, 11–50, 51–200
Q. What languages does Wave support?
Wave supports the following languages:
English
Q. Does Wave support mobile devices?
Wave supports the following devices:
Android (Mobile), iPhone (Mobile)
Q. What other apps does Wave integrate with?
Wave integrates with the following applications:
Gmail, Google Sheets, Microsoft Outlook, PayPal, Shoeboxed, Zapier
Q. What level of support does Wave offer?
Wave offers the following support options:
Email/Help Desk, FAQs/Forum, Knowledge Base, Chat
Related categories
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