About Wave

Wave is a fully integrated solution designed for small businesses with 9 employees or less. With our total focus on small business owners, you’ll never have to navigate inflated or cluttered to find what you need, right now. With an easy to navigate interface and single login, it’s never been easier to find what you need, when you need it.

Use the 100% free accounting tools in Wave to gain the insights you need, without the legwork. With our automatic bank connections, your information flows seamlessly into Wave, without the manual entry. And even though it’s easy to navigate and understand, it’s still a real, double-entry application. Collaborate with your accountant or bookkeeper in real-time, and save both of you time!

Use Wave’s invoicing tools to collect your money faster. Choose the template that best reflects your business, load your own logo, and choose a color for your invoices. Email invoices right from Wave, and collect credit card payments through our payment processing. Use Wave’s invoicing tools to stay professional, get paid faster, and keep track of where your money is.

Everyone loves getting paid, but no one likes running payroll. Now, use Wave’s Payroll tools in America and Canada to take the headaches out of running your payroll. With guaranteed accuracy, direct deposit and employee self-service all included, at $5 per employee per month or less it’s never been more affordable for your employees to get paid.

Use Wave’s personal finance tools to gain better insights into where your money goes. With simple budgeting tools, real time investment tracking, and more, Wave’s personal tools are the best way to master your personal finances.

Key benefits of Wave

Wave is 100% focused on the real small business owners, with nine employees or less. That means you’ll never see cluttered, complicated software that you can’t navigate, never mind understand.

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 free accounting and invoicing tools and totally affordable 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.


Business size



United States, Canada, United Kingdom, Australia, China and 3 others, India, Japan, Germany

Supported Languages



Wave Dashboard
Wave Accounting
Wave Invoice Creation
Wave Invoice Schedule
Wave Invoice List
Wave Payments
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Wave video
Wave screenshot: Wave Dashboard Wave screenshot: Wave Accounting Wave screenshot: Wave Invoice Creation Wave screenshot: Wave Invoice Schedule Wave screenshot: Wave Invoice List Wave screenshot: Wave Payments


Total features of Wave: 57

  • ACH Payment Processing
  • Access Control
  • Account Reconciliation
  • Accounting Integration
  • Accounting Management
  • Activity Dashboard
  • Activity Tracking
  • Automated Billing
  • Automated Scheduling
  • Automatic Backup
  • Automatic Notifications
  • Balance Sheet
  • Billing & Invoicing
  • Cash Flow Management
  • Cash Management
  • Collaboration Tools
  • Credit Card Processing
  • Currency Conversion
  • Customizable Branding
  • Customizable Categories
  • Customizable Templates
  • Data Extraction
  • Data Import/Export
  • Data Synchronization
  • Document Imaging
  • Document Templates
  • Drag & Drop Interface
  • Electronic Payments
  • Email Invitations & Reminders
  • Estimating
  • Expense Tracking
  • Filtered Views
  • Financial Analysis
  • Financial Management
  • General Ledger
  • Invoice Management
  • Invoice Processing
  • Multi-Country
  • Multi-Currency
  • Offline Access
  • PCI DSS Compliance
  • Partial Payments
  • Payroll Management
  • Permission Management
  • Preview Functionality
  • Profit / Loss Statement
  • Real Time Notifications
  • Real Time Updates
  • Recurring Billing
  • Reminders
  • Reporting & Statistics
  • SSL Security
  • Sales Tax Management
  • Status Tracking
  • Summary Reports
  • Third Party Integration
  • Transaction History



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Overall rating

4.4 /5
Value for Money
Ease of Use
Customer Support

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Software buyers need your help! Product reviews help the rest of us make great decisions.

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Showing 5 reviews of 1,029
Kathy P.
Overall rating
  • Industry: Professional Training & Coaching
  • Company size: Self Employed
  • Used Other for 2+ years
  • Review Source

Overall rating

  • Value for Money
  • Ease of Use
  • Customer Support
  • Likelihood to recommend 9.0 /10

Very Good alternative for invoicing customers

Reviewed on 2019-11-19

Their invoicing system is easy to use and makes it easy for me to manage most of my clients.I look...

Their invoicing system is easy to use and makes it easy for me to manage most of my clients.I look forward to trying out their accounting services. I decided to give Wave a try when my PayPal acct was on hold. I still use both.


I have only used the invoicing part of this software. I love it for the most part. I =t is missing a feature or two


I found that I could not let my clients submit partial payments, or it wasn't clear on how to do it. Multiple payments was not flexible enough for my needs. I would have liked to be able to schedule the payments by specific date rather than genericall as ay, week, month, etc

Felix J.
Overall rating
  • Industry: Accounting
  • Company size: 5,001-10,000 Employees
  • Used Daily for 6-12 months
  • Review Source

Overall rating

  • Value for Money
  • Ease of Use
  • Customer Support
  • Likelihood to recommend 7.0 /10

A Solid Free Small Business Accounting Software

Reviewed on 2019-09-02

It’s been a solid piece of cloud accounting software, albeit limited. It’s hard to beat the price...

It’s been a solid piece of cloud accounting software, albeit limited. It’s hard to beat the price of it, and I have yet to find a similar but more fully featured one at the price of FREE!


I use Wave to keep track of my personal finances, from income to spending. In that lens, Wave performs quite well, allowing you to tag transactions that are automatically imported from your bank. It also lets you generate some simple reports such as your income statement, balance sheet, and cash flow. The interface is simple to use and understand, and I was able to pick it up (coming from an accounting background) in under a few minutes, without having gone through a walkthrough. The included ability to reconcile statements is also quite handy and allows me to verify that all transactions are posted appropriately. The inclusion of receipt tracking and tagging is also quite handy!

The best part about Wave is the price! If you don’t need features such as invoicing and payroll (some SMB’s may find these handy. From a personal perspective, I did not), the accounting software is completely free.


Wave still appears to be in its infancy, although the product has been there for a while. The user interface will frequently be updated (the reconciliation flow changed 3 times since I signed up about 6 months ago), and new features will constantly be added without any notification, often shifting often things around from where you expect them to be.

The reports from Wave are also very limited, so don’t expect any customizable reports as of 08/2019. You get about 12 reports total, some or all of which may not be very relevant to you, depending on your end goal. These reports are completely canned, system generated, and you do not have the ability to create new reports. This may change in the future, but as it stands, this is the current state of affairs.

The receipt tracking feature is definitely handy to have. While Wave will OCR your receipts and tag them to a category, it will actually post an entire transaction to the ledger when you save it down. For those of us with a bank account and credit card linked to auto import transactions, you’ll get a duplicate: one from the CC, and one from the receipt. It would be nice if Wave included some intelligence to automatically match the receipt and transaction together, but for now, you need to manually merge each.

Finally, as a small point, Wave does not obtain any service assurance through SOC1 or SOC2 reports, an issue that most people wouldn’t ever care about.

Cheikh B.
Overall rating
  • Industry: Computer Software
  • Company size: Self Employed
  • Used Daily for 6-12 months
  • Review Source

Overall rating

  • Value for Money
  • Ease of Use
  • Customer Support
  • Likelihood to recommend 10.0 /10

Good accounting software

Reviewed on 2021-01-12

The speed with which the credit cards were processed automatically saved me a lot of time.

The speed with which the credit cards were processed automatically saved me a lot of time.


This is a very complete software that allows you to build quotes and convert them into invoices in a fraction of a second without much effort.

Wave is excellent especially when it comes to credit card processing which is done automatically with a very low 1% fee.

It is very easy to set up and use and the cost is low or even free. Personally, I recommend buying this package because it comes with support: from setting up your account to the specific categories for your company .

The other advantage of Wave is the presence of a number of applications to send invoices when you are away from your workplace.

So even when you're away from home you can download them. In this case, all you have to do is take the photo on the spot.


The problem on the Wave software is not so numerous, but we notice that it is impossible to close a period correctly.

All members who are able to make transactions have the possibility to change or add entries from the previous year.

For me an administrator must have the ability to close a period so that no changes are made. User growth is also very limited.

The lack of audit trails for transaction entries is also a case of imperfection at Wave . Admittedly, it is possible to generate transactions, then generate reports, then cancel the transactions, etc.

But there is no proof that these changes are made yes or no, because the software is unable to remember its categorizations.

The keyword search function is absent from Wave in the transactions section and sometimes it makes us lose a lot of time.

Nate M.
Overall rating
  • Review Source

Overall rating

  • Value for Money
  • Ease of Use
  • Customer Support

Be aware!

Reviewed on 2016-02-14

Be aware!

Let’s get straight to it. No polishing, no lies.

Wave’s actual system is pretty good....

Be aware!

Let’s get straight to it. No polishing, no lies.

Wave’s actual system is pretty good. If it “actually” worked…
One sad truth about this company that you’ll notice right away is that their servers or hosting is worse than blogs were in 1980. It is slow, freezes and crashes all the time. Way too annoying to work with on a daily basis for a professional company. Bottom line: the system is unreliable.

Moving along to the stuff that matters even more…

Customer service, honesty and professionalism. Uum, try again. You will not find any of that in this company. They clearly have no clue what it means to run a professional service.

Last week I processed two transactions. Both of them were more than 2 grand.
Keep in mind that i’m a new startup that needs my money right away, or at least when promised.

2 days go by and no money. Okay…. here we go again. I email Wave asking what’s the deal with the money.
I say “again” because I had the same thing with my first few small transactions. But then I thought it was only because I was a new customer so they had to confirm some details. (by details I mean force me to show them communications between me and my clients).

That same day I get an email from the department that deals with the money saying in fancy words that they are withholding my money for security reasons until they can confirm some details. Again they ask for communications and authorizations. (who do they think they are?)

I respond within 2 minutes with snapshots of communications and conversations straight from my client explaining who he is and that he authorized the payment.

a day or two goes by and nothing. You can imagine how angry I feel about now. Projects are on hold, business stops, Wave is running me into the ground….

Of course there is no one to talk to until you sign up for the live chat at ($9 a month). So I sign up, because I cannot wait. Open a chat, explain to the woman really respectfully what is going on, she looks it up for 10 minutes and responds by saying that she sees my ticket (email) and that she will escalate it to the top… blah blah blah.

So there I learn that live chat is basically if you have a question regarding the functions of the site, but it is basically useless regarding the things that really matter. MY MONEY!
In short, you CANNOT contact anyone about it, you can only email. But emails, despite their promises may take 3 days get answered.

So I send another email asking what’s going on and get a response that since I submitted 2 emails my ticket was moved back down to the bottom. (That wad their way of apologizing or exusing themselves).

In that same email they don’t tell me that my snapshot isn’t sufficient or anything like that (even though it worked for the first 3 transactions), they tell me that they need to speak to my clients to confirm payments…. Really? …. wow, okay

I respond within 2 minutes with two phone numbers.

(this is Friday after 5pm)

One of my clients get’s a phone call, confirms payment and they tell him that the money will be released “right away”.

The second client get’s a phone call, but misses it. (He is still waiting for another phone call). And of course you cannot call them back, because they use fake phone numbers using local area codes.

Well, guess what? The money from the first client that got the phone call from them was not released… and it’s Tuesday already. (almost a week from when I processed the transaction).

Never heard anything back from them in past 3 days!!

Conclusion: (aside from me being so frustrated, hardly able to contain myself)

Well, firstly I would like to say that I switched to Quickbooks online right away. They are a professional company with lower rates and faster deposit times (ONE DAY!). And you can call them!

The only reason I chose Wave over Square is because they had a good invoicing system. But i’ve used Square before and never had issues like this.

What I mean is this: Why make an issue when there is none????
Wave makes security issues when there is none.
I’m a legal, professional company in the United States. Why in the world would you pretend like there are security issues with my transactions if no one ever disputed or complained? There is no answer. Because if there was a valid answer, Square and Quickbooks would be the same concerned.
Stop making issues where there are none.

I would advise anyone reading this to go with Square or Quickbooks. You will end up being much happier. Unless you can afford these criminals withholding your money for as long as they like.

So again: system: too slow, crashes and freezes. OH, and annoying advertisements.
Support: only for functionality questions.
Service: absolutely horrible and un professional.

You choose.


Michael M.
Overall rating
  • Industry: Music
  • Company size: Self Employed
  • Used Daily for 1+ year
  • Review Source

Overall rating

  • Value for Money
  • Ease of Use
  • Customer Support
  • Likelihood to recommend 8.0 /10

Wave Was/Is My Go To From QB Online

Reviewed on 2020-11-20

My overall experience has been great! I have to do some thinking/remembering at tax time to...

My overall experience has been great! I have to do some thinking/remembering at tax time to separate the double entries of income. I show an invoice paid by check WAVE shows that income on my account. I go to the bank and deposit, there is that check again. For the total amount of money saved, around $450-500, I will put up with it.


It is FREE in the cloud, works on ALL platforms Windows 7,10, Android, iphones. Accepts all credit cards including Amex for 2.9% I am saving $420+ yearly by not having QB, I don't have to print invoices. Since WAVE is in the cloud I email my invoices and receipts.


I wish it had more storage of customer service that has been performed in the past but I suspect that would require some expense. It only had 3 invoice templates and there wasn't much customization on those. You can't compound taxes on your invoices, let me rephrase, you can compound 1 tax but no more. Since my only taxes are State and County I found it best to compound none for fear of forgetting which one I had compounded

Showing 5 reviews of 1,029 Read all reviews

Wave FAQs

Below are some frequently asked questions for Wave.

Wave offers the following pricing plans:

  • Starting from: US$0.00
  • Pricing model: Free
  • Free Trial: Not Available

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

Wave offers the following features:

  • 256-bit encryption
  • Accept all major credit cards
  • At-a-glance dashboards
  • Automatic data backup
  • Automatic exchange rate calculations
  • Automatic reports
  • Balance sheets
  • Bank integrations to eliminate manual entry
  • Bill and invoice reminders
  • Billing and Invoicing
  • Built-in payroll
  • Cash balances and invoice status
  • Collaboration tools
  • Connect bank accounts and credit cards
  • Credit Card payment processing in America and Canada
  • Customizable sales taxes
  • Expense tracking
  • Financial reporting (Ledger, A/R, A/P, Income, Balance Sheet
  • Fully integrated single login solution
  • Investment tracking
  • Journal transactions
  • Multi-currency
  • PCI Level-1 certified
  • Personal budgeting tools
  • Personal finance tracking
  • Professional reports
  • Profit and Loss
  • Profit and loss statement
  • Real double entry accounting
  • Real double-entry accounting
  • Receipt scanning
  • Sales tax reports
  • Seamless invoicing & payroll

Wave has the following typical customers:

Small Business, Public Administrations, Non Profit, Freelancers

Wave supports the following languages:


Wave supports the following devices:

Android, iPhone

Wave integrates with the following applications:

APIANT, Genesis Chiropractic Software, Google Drive, InvoiceSherpa, Metric.ai, MinuteDock, Paycove, Shoeboxed, Stripe, Workato

Wave offers the following support options:

FAQs, Forum, Knowledge Base, Online Support, Video Tutorials

Related categories

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