Wave

Freemium

Cloud-based accounting platform that helps small businesses and freelancers with invoicing, payments, and bookkeeping.

3.5

About Wave

Introduction

Wave is a cloud-based accounting solution tailored for freelancers and small business owners, providing essential tools for managing invoices, payments, and bookkeeping. It stands out as a strong alternative for users seeking a budget-friendly and intuitive platform to handle their financial operations without the complexity often found in other software like Xero.

Features

Wave offers a comprehensive suite of features to streamline financial management:

  • Free Core Accounting: Enjoy unlimited invoicing, estimates, bills, and bookkeeping records at no cost, making it highly accessible for new and small businesses.
  • Payment Processing: Easily accept online payments directly through the platform, allowing for quick conversion of estimates into invoices.
  • User-Friendly Interface: The platform is designed for ease of use, ensuring that even those new to accounting software can navigate and utilize its features effectively.
  • Mobile Accessibility: Manage your finances on the go with mobile invoicing and instant syncing across all your devices.
  • Automated Workflows: Upgrade to the affordable Pro plan to unlock automation features that can further simplify recurring tasks and financial tracking.

Alternative to

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Pros & Cons

Pros

  • Unlimited invoicing, estimates, bills, and bookkeeping records on the free plan
  • Affordable Pro plan adds automation features
  • User-friendly interface
  • Mobile invoicing and instant syncing across devices
  • Ability to accept online payments and convert estimates to invoices quickly

Cons

  • Limited customer support for free plan (no chat or email)
  • Lacks inventory management and project accounting features
  • Payroll support is limited to select U.S. states for full functionality
  • Not suitable for large teams or businesses needing advanced features and deep financial reporting
  • Some previously free features now require a paid subscription
  • Transaction fees apply for online payments

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