Wave Accounting Software Pricing, Features & Reviews

What is Wave Accounting?

Wave Accounting is an online accounting software designed to simplify and streamline various business financial processes. The platform offers comprehensive features, including invoicing, billing, payment tracking, payroll management, finance management, credit card processing, and receipt scanning. It allows businesses to manage all bank account and credit card information in real-time.

The software provides a user-friendly dashboard that includes an invoicing tool with customizable templates, enabling small business owners to tailor invoices to their needs. It offers the ability to collect payments directly through credit card processing. Businesses can send invoices via email, and recurring invoices and automatic payment options are available for regular customers. Users can generate various reports for sales tax, balance sheet, cash flow, and profit/loss. This comprehensive reporting functionality gives businesses insights into their financial performance and facilitates better decision-making.

Why Choose Wave Accounting?

The accounting software allows users to facilitate online payment acceptance and monitor customer payments.
It enables users to organize records by scanning and uploading receipts with automated information extraction.
The platform enables users to automate payment reminders to reduce accounts receivable and improve cash flow.
It allows users to manage projects, create tasks, assign them, and track progress within the platform.

Functionalities of Wave Accounting

The accounting software allows users to scan and upload receipts for organized record-keeping with automated information extraction.
It allows users to categorize and track business expenses for better financial insights.
The platform allows users to generate detailed financial reports, including profit and loss statements, balance sheets, and cash flow statements.

Benefits of Wave Accounting

The accounting software allows users to calculate taxes and facilitate online tax filing with Wave automatically.
It allows users to efficiently manage payroll, including tax calculations, deductions, and paycheck issuance.
The platform allows users to track employee time for accurate billing and payroll management, integrated with invoicing and payroll features.

Pricing of Wave Accounting

Wave accounting price starts at $16 in United States at techjockey.com.

Wave Accounting Pricing & Plans

PRO Plan

Create unlimited invoices, estimates, bills
Add your logo and brand colors
Automate late payment reminders
Invoice on-the-go with the Wave mobile app

- Monthly

Starting at $ 16

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Wave Accounting Gallery

How to Categorize Your Transactions in Wave - Wave Accounting

Wave Accounting Features

Payroll Management

Offers tools for efficient payroll processing to ensure timely and accurate employee payments.

Tax Management

Helps businesses comply with tax regulations by providing tools for tax calculations and reporting.

Purchase

Streamlines the purchase process to help businesses manage procurement efficiently.

Accounting

Provides a comprehensive suite of accounting tools for managing financial records and transactions.

Analytics & Reporting

Allows businesses to generate insightful reports on various financial aspects.

Dashboards

Provides a comprehensive overview of financial data to facilitate easy monitoring and decision-making.

Sales

Allows businesses to track and manage their sales processes efficiently.

Billing & Invoicing

Enables the creation and customization of invoices, with the capability to collect payments online.

Cash Flow Management

Helps businesses manage their cash flow effectively for better financial stability.

Expense Management

Streamlines the tracking and management of business expenses.

Multi Currency

Supports transactions and financial activities in multiple currencies.

Online Banking

Facilitates real-time management of bank transactions for enhanced accuracy.

Wave Accounting Specifications

Supported Platforms :
Device:
Deployment :
Suitable For :
Business Specific:
Business Size:
Customer Support:
Training:
Language:

Ubuntu Windows MacOS Linux
DesktopMobileTabletiPad
Web-Based
All Industries
All Businesses
Small Business, Medium Business, Enterprises
Email, Communities
Videos
English

Wave Accounting Reviews

Have recommended this product

Overall Score

4.2/5

Based on 10 Reviews

Features 4.3/5

Value for Money 4.3/5

Ease of Use 4.2/5

Customer Support 4.2/5

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Your valuable feedback helps others like you make a better decision.

Pros

pros_icon “Wave has fulfilled our needs for an affordable solution for our two subsidiaries. It makes billing and invoices easy.” Nandini Lal - Jul 4, 2024

pros_icon “Setting up Wave was straightforward and initially easy to understand.” Babita - Jul 4, 2024

pros_icon “Wave simplifies recurring billing and saves customer information for easy invoicing. It also allows to adjust the pricing for particular product and services.” Varsha Sharma - Jul 4, 2024

Cons

cons_icon “It only allows to view reports and can’t download reports or combine them. Planning for cash flow is difficult.” Nandini Lal - Jul 4, 2024

cons_icon “It’s entirely online, so you require internet access to manage everything.” Varsha Sharma - Jul 4, 2024

cons_icon “Recurring billing can be annoying. It doesn’t use a sequence for contract names, so I have to manually change names and send invoices.” Surjya Nandi - Jul 2, 2024

SN

Surjya Nandi

Verified reviewer:

Accountant, Accounting

Individual

Software user since: 6-12 months

Reviewed on: Jul 2, 2024

4.5/5

“Awesome Free Accounting Software for Small Businesses”

Wave offers fantastic flexibility and affordability for small business accounting. It’s easy to use, and I only pay for specific payment features.

Pros : It’s free for small businesses needing solid accounting software. You can accept ACH and credit card payments with reasonable fees. The reports are straightforward for taxes. Perfect for solo entrepreneurs or freelancers.

Cons : Recurring billing can be annoying. It doesn’t use a sequence for contract names, so I have to manually change names and send invoices.

Reason to switch : I love it because it works so well for me. No reason to look elsewhere.

Features

4.5/5

Value for Money

5/5

Customer Support

4.5/5

Ease of Use

4/5

JS

Janvi Suman

Verified reviewer:

User, Accounting

Individual

Software user since: 1-2 years

Reviewed on: Jun 18, 2024

4.2/5

“Wave: Best for Small Business Finances”

Wave is the most affordable and complete solution for small business finances. Invoicing, tracking expenses, and managing taxes are all easy with Wave. I’m looking forward to their upcoming banking features.

Pros : Wave has everything I need in one place. As a small business owner, it’s perfect. I can invoice clients for free and keep my finances up-to-date, making tax season stress-free. It’s affordable and comprehensive.

Cons : Wave no longer integrates with CapitalOne Spark Business accounts, so I manually upload two bank statements each month. It’s a bit of a hassle.

Switched from : QuickBooks

Reason to switch : QuickBooks was too expensive and complicated. Wave is a lifesaver!

Features

4.5/5

Value for Money

4/5

Customer Support

4.5/5

Ease of Use

4/5

AV

Ashish Vijayvargiya

Verified reviewer:

Accountant, Accounting

Software user since: 1-2 years

Reviewed on: Jun 14, 2024

4.1/5

“Provides Fast, Efficient Invoicing”

Wave simplifies invoicing for independent contractors and small businesses, though some features may be more suited for larger businesses.

Pros : Wave has streamlined my invoicing for independent contract work.

Cons : Wave offers many advanced features that I don’t need, but they would be useful for larger businesses.

Switched from : Freshbooks

Reason to switch : I needed a quick and easy accounting software.

Features

4.5/5

Value for Money

3.5/5

Customer Support

4.5/5

Ease of Use

4/5

See all Wave Accounting reviews

Wave Financial Company Details

Brand Name	Wave Financial
Information	Wave offers tailored financial services (payments, payroll) and award-winning free software for small/micro-businesses around the world.
Founded Year	2009
Director/Founders	James Lochrie, Kirk Simpson
Company Size	101-500 Employees
Other Products	Wave Invoicing