Wave

Wave

4.0150 ratings byaverage rating is 4 out of 5, based on 150 votes, ratings by

Capterra

Overview

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. Your accounting is also seamlessly integrated with invoicing, receipt scanning, payment processing and payroll.

Best for

Micro business owners (1-9 employees), freelancers and solo entrepreneurs.

Features

  • Unlimited income and expense tracking

  • Track sales tax on income and expenses

  • Generate financial statements for year-end

  • Powerful reports on Overdue Invoices & Bills, Cash Flow, Profit & Loss and more

  • Unlimited bank and credit card connections

  • Easily organize income and expenses into tax categories

  • Run multiple businesses in one account

  • Instantly see how your business is performing on your dashboard

  • 100% web-based

Additional Features & Apps

  • Payroll services in Canada and the U.S.

  • Allow businesses to accept payments online and have invoices paid faster; charge a 2.9% + 30¢ fee to process most credit cards (with 3.4% + 30¢ fee for American Express), and 1% for bank payments (where available)

Pricing

Free

Discounts

N/A

Pricing Plans

Lowest

0

user / month

Most Popular

0

user / month

Pros

  • No transaction or billing limits

  • Add unlimited number of partners, collaborators or accountants

  • Run multiple businesses under one account

  • Mobile app available

Cons

  • Limited third-party app integrations

  • Higher fees for credit cards and ACH payments

  • Full-service payroll is limited to only 14 US states

  • No inventory management

  • Unintuitive reporting features

  • Inability to connect other systems like PayPal or Stripe