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Wave Review

Wave
Our score: 9.1 User satisfaction: 99%

What is Wave?

Wave Apps is a free and well-integrated business platform that combines accounting, invoicing, and receipt scanning into one compact and straightforward package. Wave Apps is an excellent option for small businesses (less than 10 employees) that are still starting as well as self-employed professionals including entrepreneurs, freelancers, and consultants.

The system is easy to set up and use. It comes with a simple and very navigable dashboard with everything you need is in view and easy to access.

With Wave, accounting and invoicing processes are simplifies, enabling users to get rid of distractions that comes with monitoring expenses, chasing payments, and managing employees and taxes. The system helps users create and send out professional looking invoicing, estimates, and receipts in a matter of moments. Tracking capabilities ensures that you are on top of your processes.

Overview of Wave Benefits

The best thing about Wave is that the software is free. There are no hidden charges and undeclared fees. This makes Wave an ideal accounting and invoicing tool for small startups, freelancing professionals, and consultants. The software comes with a very clean and friendly dashboard, where everything you need is within a click of a mouse.

With Wave, creating professional looking invoices, estimates, and receipts is a smooth process. From this software, you can monitor the status of all your invoices and payments. The system also enables users to accept payments via credit cards, giving you and your customers unparalleled convenience.

Wave comes with capabilities that simplifies incoming and expense tracking. It also have receipt scanning tools and bank connections. The software takes out manual data entry from the equation, significantly streamlining the process without compromising accuracy. The system also prepares your business for tax season without the hassle.

With Wave’s automatic billing and invoicing, users will definitely save a lot of time. Other time-saving features include recurring bills and invoices. Users can configure reminders to remind you of paid and unpaid items.

Wave also allows you to pay your team from anywhere with the right amount. You can conveniently use online pay stubs or choose direct deposits to deliver your team their payment.

Overview of Wave Features

Wave Position In Our Categories

Since companies have special business-related demands, it is only logical that they abstain from adopting an all-in-one, “perfect” software product. However, it would be futile to try to come across such an app even among sought-after software solutions. The better thing to undertake should be to narrow down the varied key functions that necessitate examination like crucial features, budget, skill aptitude of the users, organizational size, etc. The second step is, you should do the research systematically. Go over these Wave analyses and check out each of the solutions in your list in detail. Such detailed research makes sure you keep away from poorly fit software products and subscribe to the system that has all the benefits you require company requires to realize efficiency.

Position of Wave in our main categories:

TOP 20

Wave is one of the top 20 Accounting Software products

TOP 50

Wave is one of the 50 Mobile Payment Systems products

TOP 20

Wave is one of the top 20 Online Accounting Software products

TOP 5

Wave is one of the 5 Tax Software products

Wave is also listed in the following subcategories:

There are trendy and widely used applications in each software category. But are they automatically the best fit for your organization’s specific needs? A popular software solution may have thousands of customers, but does it offer what you need? For this reason, do not blindly spend on popular systems. Read at least a few Wave Accounting Software reviews and mull over the elements that you desire in the software such as the cost, main functionality, available integrations etc. Then, shortlist a few apps that fit your needs. Check out the free trials of these apps, read online opinions, get explanations from the seller, and do your research systematically. This exhaustive homework is sure to help you choose the best software solution for your organization’s special wants.

How Much Does Wave Cost?

Wave Pricing Plans:

Free Trial

Accounting

Free

Invoicing

Free

Receipt Scanning

Free

Payroll

$20/month

Payments

minimum $1

Wave is the fastest-growing software for small business accounting, invoicing, payments, and more. More than 4 million businesses already manage their finances with Wave.

 

Feature Pricing
Accounting Free
Invoicing Free
Receipt Scanning Free
Payroll $20/month

+$4 per each additional employee

+$4 per each additional independent contractor

Payments Credit Card: 2.9% + 30c

Bank Payments: 1% (minimum $1 fee)

 

User Satisfaction

Positive Social Media Mentions 133
Negative Social Media Mentions 1

We realize that when you make a decision to buy Accounting Software it’s important not only to see how experts evaluate it in their reviews, but also to find out if the real people and companies that buy it are actually satisfied with the product. That’s why we’ve created our behavior-based Customer Satisfaction Algorithm™ that gathers customer reviews, comments and Wave reviews across a wide range of social media sites. The data is then presented in an easy to digest form showing how many people had positive and negative experience with Wave. With that information at hand you should be equipped to make an informed buying decision that you won’t regret.

Screenshots

Technical details

Devices Supported

  • Windows
  • iPhone/iPad
  • Mac
  • Web-based

Deployment

  • Cloud Hosted

Language Support

  • English

Pricing Model

  • Free

Customer Types

  • Small Business
  • Freelancers

What Support Does This Vendor Offer?

  • email
  • phone
  • live support
  • training
  • tickets

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Wave Comparisons

Wave user reviews

Accounting software for small businesses

Read full review >
Rickey
5/5

Overall Impression

5/5

Customer Support

5/5

Value for Money

5/5

Ease of Use

Published on: 04.10.2019 Company Size: 1-10 Employees Industry: Internet

Wave is a great solution for basic accounting

Read full review >
Kristine
5/5

Overall Impression

5/5

Customer Support

5/5

Value for Money

5/5

Ease of Use

Published on: 30.09.2019 Company Size: 1-10 Employees Industry: Accounting

REAL Disappointment on Critical Features

Read full review >
Charles Wilson
2/5

Overall Impression

1/5

Customer Support

4/5

Value for Money

2/5

Ease of Use

Published on: 18.09.2019 Company Size: 1-10 Employees Industry: N/A

Great and simple invoice tool

Read full review >
Lucia
4/5

Overall Impression

4/5

Customer Support

4/5

Value for Money

4/5

Ease of Use

Published on: 05.09.2019 Company Size: More than 100 Employees Industry: Graphic Design

Terrible Product, Worse Customer Service

Read full review >
Joshua Frankel
1/5

Overall Impression

1/5

Customer Support

1/5

Value for Money

2/5

Ease of Use

Published on: 19.07.2019 Company Size: 1-10 Employees Industry: Marketing and Advertising

What are Wave pricing details?

Wave Pricing Plans:

Free Trial

Accounting

Free

Invoicing

Free

Receipt Scanning

Free

Payroll

$20/month

Payments

minimum $1

Wave is the fastest-growing software for small business accounting, invoicing, payments, and more. More than 4 million businesses already manage their finances with Wave.

 

Feature Pricing
Accounting Free
Invoicing Free
Receipt Scanning Free
Payroll $20/month

+$4 per each additional employee

+$4 per each additional independent contractor

Payments Credit Card: 2.9% + 30c

Bank Payments: 1% (minimum $1 fee)

 

What integrations are available for Wave?

Wave offers integration with:

  • PayPal
  • Etsy
  • Shoeboxed
  • Zapier
  • Google Sheets
  • HubSpot
  • MailChimp
  • and More!

Wave average rating:

Average score
4.3/5 (8 user reviews)
4/5

Overall Impression

4/5

Customer Support

5/5

Value for Money

4/5

Ease of Use

Write your own review of this product

ADD A REVIEW

The most favorable review

Kristine

PROS: Wave is a simple and intuitive software, great for small businesses with 1-9 employees. It provides great tools so we can effectively account our business transactions. I am able to access multiple companies by using one login, which is great option for multi-preneurs. It offers set of books so you can account all your personal transactions as well. It has double-enter general ledger that is important for accurate accounting. It is free to use only if you choose to use the payroll or payment services from them.

CONS: Wave doesn’t provide GAAp financials without adjusting some entries. Also, the reporting feature is limited you have the basic reports only. You cannot find lot of apps or services that work together with Wave. There are ads for free solution as a tradeoff.

Reviewed 4 months ago

Read full review >

The least favorable review

Joshua Frankel

PROS: None. Anything decent is offset by horrible customer service and fraudulent activity

CONS: Customer service is terrible. No support number. Live chat or email is the only way to correspond. They take forever to respond to emails. They also asked for a myriad of personal information including bank statements in order to "review my business" and ensure I had enough money in my bank account to cover customer refunds. Even though I sent all required information and had more than enough funds to cover any chargebacks or disputes, Wave refused to pay me the money I invoiced. My choices were to wait 120 days or refund all of my customers. A sham company.

Reviewed 6 months ago

Read full review >

More reviews from 8 actual users:

Sort by:

Latest
  • Latest
  • Most useful
  • Most positive
  • Most negative

Accounting software for small businesses

Read full review >
Rickey
5/5

Overall Impression

5/5

Customer Support

5/5

Value for Money

5/5

Ease of Use

Published on: 04.10.2019 Company Size: 1-10 Employees Industry: Internet

PROS: Best accounting tool for small companies. There are lot of features that are free, and I love the invoicing feature and the new payment section as well. It has great way of pulling in transactions and ability to reconcile them. I am able to customize the invoicing and I love all new updates for the invoice feature. The reporting feature is great and helps me to keep my business and categories in order.

CONS: It would be great if they could include the Cash accounting. The app can be slow sometimes but maybe this is the issue with my internet provider. Sometimes I have issues with bank connection it can take few days to connect.

What do you think about this review? Great Poor

Wave is a great solution for basic accounting

Read full review >
Kristine
5/5

Overall Impression

5/5

Customer Support

5/5

Value for Money

5/5

Ease of Use

Published on: 30.09.2019 Company Size: 1-10 Employees Industry: Accounting

PROS: Wave is a simple and intuitive software, great for small businesses with 1-9 employees. It provides great tools so we can effectively account our business transactions. I am able to access multiple companies by using one login, which is great option for multi-preneurs. It offers set of books so you can account all your personal transactions as well. It has double-enter general ledger that is important for accurate accounting. It is free to use only if you choose to use the payroll or payment services from them.

CONS: Wave doesn’t provide GAAp financials without adjusting some entries. Also, the reporting feature is limited you have the basic reports only. You cannot find lot of apps or services that work together with Wave. There are ads for free solution as a tradeoff.

What do you think about this review? Great Poor

REAL Disappointment on Critical Features

Read full review >
Charles Wilson
2/5

Overall Impression

1/5

Customer Support

4/5

Value for Money

2/5

Ease of Use

Published on: 18.09.2019 Company Size: 1-10 Employees Industry: N/A

PROS: Payout policy is ridiculous. I was paid more than a week ago from a customer who has paid me through their system many times before. It's now day 8, no support other than, "that's just how long it takes", and I have overdraft fees of over $200 piling every day because I expected the payment to clear a week ago.

CONS: Releasing my money on a reasonable schedule.

What do you think about this review? Great Poor

Great and simple invoice tool

Read full review >
Lucia
4/5

Overall Impression

4/5

Customer Support

4/5

Value for Money

4/5

Ease of Use

Published on: 05.09.2019 Company Size: More than 100 Employees Industry: Graphic Design

PROS: With Wave I can easily create invoices, send them by email and PDF, save copies for myself. Also, allows me to see whether the invoices are received or reviewed, to know how many days the invoice is aging. I have my business credit card imported automatically and I don’t miss deductible items or receipt.

CONS: When I transferred from Microsoft Money to this one, the idea of debits and credits were confusing for me. I have found some duplicate entries in the system.

What do you think about this review? Great Poor

Terrible Product, Worse Customer Service

Read full review >
Joshua Frankel
1/5

Overall Impression

1/5

Customer Support

1/5

Value for Money

2/5

Ease of Use

Published on: 19.07.2019 Company Size: 1-10 Employees Industry: Marketing and Advertising

PROS: None. Anything decent is offset by horrible customer service and fraudulent activity

CONS: Customer service is terrible. No support number. Live chat or email is the only way to correspond. They take forever to respond to emails. They also asked for a myriad of personal information including bank statements in order to "review my business" and ensure I had enough money in my bank account to cover customer refunds. Even though I sent all required information and had more than enough funds to cover any chargebacks or disputes, Wave refused to pay me the money I invoiced. My choices were to wait 120 days or refund all of my customers. A sham company.

What do you think about this review? Great Poor

Wave allows easy invoicing and transactions

Read full review >
Max
4/5

Overall Impression

4/5

Customer Support

4/5

Value for Money

4/5

Ease of Use

Published on: 20.08.2018 Company Size: 1-10 Employees Industry: Photography

PROS: Wave’s apps are available for mobile devices and they are extremely helpful in sending invoices on the go to clients. I love the invoicing feature in Wave. I love the bank account integration because helps me to automatically import my transactions and to organize them into correct categories.

CONS: Wave is not suitable for complex accounting, it doesn’t provide scheduled deprecation list so you can track how much asset is depreciated and it doesn’t provide stockholder loan or even distribution account. I believe these options could be implemented. I would like to save vendors in certain categories in order to avoid transactions into wrong account. It’s no big deal but I have to fix this manually. Also, I found that some transactions are doubled regularly like trafnsfers between accounts, invoice payments and even deposits.

What do you think about this review? Great Poor

Free to use, helpful, great features for accounting purposes

Read full review >
Roderik
5/5

Overall Impression

5/5

Customer Support

5/5

Value for Money

5/5

Ease of Use

Published on: 14.03.2018 Company Size: 1-10 Employees Industry: Computer Software

PROS: Wave is free and cloud-based software and great for small businesses. You are even able to add new entities into the same account. You are able to choose the accounts based on your business such as transactions, dashboards, receipts, accounting, bill pay, reports and you even have an integration with almost every bank. You are even able to track all your investments and to set the primary currency, every currency is possible within Wave.

CONS: I don’t like the fact that it doesn’t provide integrations with other software like SquareUp. Even though you can accept credit cards online for free it doesn’t provide reader.

What do you think about this review? Great Poor

Wave is extremelly helpful tool for my business

Read full review >
Estelle
4/5

Overall Impression

4/5

Customer Support

4/5

Value for Money

4/5

Ease of Use

Published on: 30.01.2018 Company Size: More than 100 Employees Industry: Professional Training & Coaching

PROS: Wave is easy to navigate, great for small businesses and solopreneurs, dashboard is clear and has basic metrics. It offers cloud-based app so I can update my accounting remotely. I am able to run reports based on categories, integrate billing. The software provides clear image of finances.

CONS: I have to say that the balance sheet is not easy to use, sometimes the software is slow, and my entries are with double submission. There is an auto-categorization and I don’t have to enter manually each month.

What do you think about this review? Great Poor
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Reviewed By Louie Andre
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