15 years helping Irish businesses
choose better software

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.

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.

Wave Accounting Software - 1
Wave Accounting Software - 2

Not sure about Wave Accounting? Compare with a popular alternative

Wave Accounting

Wave Accounting

4.4 (1,519)
No pricing found
Free version
Free trial
77
5
4.5 (1,519)
4.7 (1,519)
4.0 (1,519)
VS.
Starting Price
Pricing Options
Features
Integrations
Ease of Use
Value for Money
Customer Service
US$300.00
month
Free version
Free trial
4
No integrations found
0.0 (0)
0.0 (0)
0.0 (0)
Green rating bars show the winning product based on the average rating and number of reviews.

Other great alternatives to Wave Accounting

MINT WebAssistant
Top rated features
No features have been rated by reviewers for this product.
QuickBooks Payroll
Top rated features
Direct Deposit
Payroll Management
Payroll Reporting
Quicken
Top rated features
Expense Tracking
Financial Reporting
General Ledger
Venmo
Top rated features
Data Security
Mobile Payments
Online Payments
GnuCash
Top rated features
Bank Reconciliation
Expense Tracking
General Ledger
Kashoo
Top rated features
General Ledger
Invoice Creation
Online Invoicing
ZipBooks
Top rated features
Accounts Payable
Expense Tracking
General Ledger
AccountEdge
Top rated features
Billing & Invoicing
Financial Reporting
General Ledger
Sage 100
Top rated features
Billing & Invoicing
Financial Reporting
General Ledger

Reviews of Wave Accounting

Average score

Overall
4.4
Ease of Use
4.5
Customer Service
4.0
Features
4.3
Value for Money
4.7

Reviews by company size (employees)

  • <50
  • 51-200
  • 201-1,000
  • >1,001
Caroline
Caroline
Chief Operating Officer in US
Verified LinkedIn User
Health, Wellness & Fitness, 2–10 Employees
Used the Software for: 1+ year
Reviewer Source

Great affordable payment and accounting software for small business

5.0 2 months ago New

Pros:

Managing client invoices, recurring payments and account dashboard to see the business profitability

Cons:

Harder for my bookkeeper to use with tracking year end taxes and P&L (previously experienced with QB)

Ashley
Office Manager in US
Automotive, 2–10 Employees
Used the Software for: 1+ year
Reviewer Source

Alternatives Considered:

Accounting without a Cost

4.0 6 days ago New

Comments: I loved this software/app so much that I actually decided to open a personal account and use it for mine and my husbands personal finances! I had been using the good ole trusty excel for this. But this makes everything so much nicer. It imports all my husbands charges and then I can code them and see just where our money is going. Not to mention, it has help the business I work for be more successful in bringing in a bigger profit! If you are trying to decided between software's and don't know where to start, try Wave for your business accounting needs.

Pros:

The first greatest thing about Wave is that is FREE!!! If you are just starting out, or a small business where overhead and expense need to be kept to a minimum, I recommend this app. It has all basic functions you need like, quotes, invoicing, statements, entering bills, receipts, reconciling bank statements, etc. All of these services including reporting are included in the free software! It has payroll functions for an additional charge, which we have opted out of for the time being. You can even link your bank account to it and it will import all the your debits and credits for reconciling. Also, this software is super user friendly and you do not need to be a tech expert to understand it. It will set you up with preloaded items it thinks you need for your business and then you can change them or delete them. You can also add new ones super easy while doing this or after the fact. I really love that its cloud base and can be accessed anywhere. This makes it key for me when traveling for work.

Cons:

Honestly Wave is pretty awesome that it was hard to find cons with it. The only drawback for me is the reporting. I wish I was able to customize them and select certain data to analyze. The reports are basic and standard, they just don't quite cover what I am looking for in my reporting.

Verified Reviewer
Verified LinkedIn User
Venture Capital & Private Equity, 51–200 Employees
Used the Software for: 6-12 months
Reviewer Source

Alternatives Considered:

Not made for Today's business market

3.0 3 years ago

Comments: Recommended by out bank, we tried them out. Big mistake. There is no telephone support, only chat support, which stops working about 30 minutes before closing time (they say they work 9-5 EST). Their process for us to start accepting credit cards took 3 months. Everytime we get paid online, funds get withheld until you provide supporting documentation which takes weeks to process and multiple, escalating questions. Overall, a waste of time with a system that was supposed to take the hassle out of online invoicing.

Pros:

The app allows you to be able to keep track of your expenses on the go

Cons:

Billing and payments: every time you get paid with their credit card system, they withhold payments until you provide supporting documentation and their back and forths take forever. You can also not connect other systems like PayPal or Stripe. So you are stuck with their merchant processing if you want to accept payments on the go.

Sheila
owner in US
Consumer Services, 2–10 Employees
Used the Software for: 2+ years
Reviewer Source

Wave Accounting is the absolute best

5.0 4 months ago

Comments: Our experince with this program has been great and we would not use another program. Our administrative staff has been able to use the program with minimal training. We love the program and will continue to use it.

Pros:

Wave is a simply to use accounting program that allows us to create invoice, receive payemnts, view and print reports and keep up with money that is owed to us. We are able to use this program for all of our accounting and bookkeeping needs. It is so easy to use and the product support is superior to other accounting programs.

Cons:

There is nothing not to like about this program

Clyde
Pastor in Bahamas
Nonprofit Organisation Management, 51–200 Employees
Used the Software for: 2+ years
Reviewer Source

The Best Cost Efficient Accounting Software

5.0 2 months ago New

Comments: It was an excellent experience in all aspects, particularly when it came to creating the relevant financial reports

Pros:

The software was a savior for our organization, as we needed something easy to understand, practical, and to be able to access and management from an online system. Wave accounting was above and beyond the best accounting software we had used to date. My absolute favorite accounting software!

Cons:

Setting up the account initially was a challenging process, as the navigation was a bit difficult.