Pros from reviewers
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Ease of use: Wave Accounting has a user-friendly interface that is easy to navigate, even for those without a financial background
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Variety of tools: Wave provides a range of reporting and tracking tools, including the ability to create invoices, receive payments, view and print reports, and monitor money owed
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Immediate money transfers: A standout feature for freelancers is the immediate money transfers once an invoice is paid, with the money taking only 2-3 days to transfer
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Free and customizable: Wave Accounting is free with unlimited accounts and customizable templates, making it a flexible solution for small businesses and freelancers.
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Cost-effective: The software offers excellent value for money with fair pricing, no hidden costs or subscriptions, and only a reasonable percentage taken from invoice payments
Cons from reviewers
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Limited customer support: Despite being a user-friendly platform, Wave Accounting has been criticized for its limited customer support, particularly for free users
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Lack of advanced accounting tools: While Wave Accounting offers basic accounting features, it lacks some advanced tools that could be beneficial for more complex accounting tasks
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Unresolved bugs and poor communication: There have been complaints about unresolved bugs within the software and poor communication from the Wave Accounting team in addressing these issues
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Difficulty with third-party integrations: While Wave Accounting has a user-friendly interface, setting up integrations with third-party applications can sometimes be complex and problematic.
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Issues with bank syncing: Some users have reported problems with their bank accounts not syncing with the software, leading to difficulties in managing transactions
Main features
Starting Price
Free Plan
PCI compliance
Account reconciliation
Track expenses like a pro
Free forever
Easy invoicing
Starting Price
N/A
Free Plan
No
PCI compliance
Account reconciliation
Track expenses like a pro
Free forever
Easy invoicing
What is Wave Accounting?
How Wave Accounting compare to similar software?
Product
Price
N/A
Free plan
No
Main features
Pros
Cons
Alternatives
Deal
No available deal at the moment
Who is Wave Accounting best for according to our reviewers?
Small Businesses: Small businesses can benefit from Wave Accounting's user-friendly interface, fair pricing, and variety of reporting and tracking tools. However, it may not be suitable for complex accounting tasks
Administrative Staff: Wave Accounting is easy to use even with minimal training. It allows administrative staff to create invoices, receive payments, view and print reports, and monitor money owed
Freelancers: Wave Accounting is a great tool for freelancers due to its simplicity, smooth operation, and excellent value for money. It offers immediate money transfers and customizable invoice templates
Consultancy Services: Wave Accounting is suitable for invoicing consultancy services and managing small business records. It's user-friendly with an intuitive interface and flexible invoice design options
UK Customers: UK customers may find Wave Accounting user-friendly and easy to reconcile accounts. However, the inability to electronically send VAT returns to HMRC may be a drawback.
Wave Accounting Reviews
4.1
Wave Accounting rating
4.5
Ease of use
4.0
Customer service
4.7
Value for money
4.4
Likelihood to recommend
4.2
Features
12 Wave Accounting Reviews
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Tobin
Clear and Comprehensive Reporting: Empowering Informed Financial Decisions with Wave Accounting
I appreciate the comprehensive reporting features in Wave Accounting. They provide me with a clear picture of my financial health, helping me make informed decisions
June 22, 2024
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Janet C
Wave Accounting: Streamlined, Cost-Free Solution for Small Businesses
I find Wave Accounting user-friendly and highly recommend it for small businesses due to its free accounting services. However, I can't download bank or credit card transactions processed through the bank.
June 15, 2024
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Anna N
Solid Choice for Small Business Invoicing, Not for Complex Accounting
Based on my experience, I've used Wave Accounting for invoicing my consultancy services. It's suitable for managing small business records, but not for complex accounting tasks. The platform functions well, but its limited capabilities make it only appropriate for invoicing.
June 11, 2024
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Juan N
Wave Accounting: A Freelancer's Lifesaver
As a freelancer, I find Wave Accounting invaluable. It simplifies my bookkeeping and allows me to focus more on my work. The receipt scanning feature is a lifesaver during tax season
June 4, 2024
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Betty S
Initially Great, Switched to Square After Years.
I initially enjoyed the Wave Accounting app and its support. However, I faced issues when my Wave credit card was frozen, locking my funds for months. I struggled to understand the reason behind this. It also took a long time to get a clear resolution. Moreover, my connection to Bank of America kept failing. Due to these problems, I have switched to Square.
May 25, 2024
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Shirley W
Major Problems with Bank Duplication in Wave Accounting
My bank stopped syncing with Wave Accounting. I reached out to their support team who informed me that this occasionally happens and should resolve itself in a few days. However, it didn't. I attempted to disconnect and reconnect, but wasn't given an option to choose how far back to sync, resulting in years of transactions being pulled in. I contacted support again and they promptly responded, instructing me to delete these transactions.
May 19, 2024
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Brenda M
Perfect Solution for Freelancers and Small Businesses
I've had an incredibly positive experience with Wave Accounting over the past three years. As a freelancer, I've found it to be invaluable, offering simplicity, smooth operation, and excellent value for money. I've even recommended it to other freelancers and small businesses. Setting up Wave is straightforward and its interface is user-friendly. Even without a financial background, I find it easy to navigate. The pricing is fair, with no hidden costs or subscriptions, just a reasonable percentage taken from invoice payments. In my three years of using Wave, I've never encountered any surprise fees. Wave also provides a variety of reporting and tracking tools, which I've found to be extremely useful. A standout feature for freelancers is the immediate money transfers. Once an invoice is paid, the money is in Wave and takes 2-3 days to transfer. For a small additional fee, you can expedite the transfer.
May 14, 2024
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Brittany Smith
Wave Accounting: A Game Changer for Small Businesses
I've been using Wave Accounting for my small business and it has been a game changer
May 4, 2024
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Dylan C
WAVE HQ is Undoubtedly Among the Best.
The review suggests that you need to look at the name in my display picture for assistance, otherwise you might end up waiting indefinitely.
April 29, 2024
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Jeremy W
UK Users Require More from Wave Accounting
As a UK customer, I used Wave Accounting for about 4 years and found it very user-friendly and easy to reconcile accounts. However, it was difficult to search for old invoices and the inability to electronically send VAT returns to HMRC was a major drawback, which led us to switch accounting software.
April 22, 2024
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Johnny F
Effortless Accounting with Wave
I value that Wave Accounting is free with unlimited accounts and customizable templates. However, I'm let down by the lack of online support for free users and absence of third-party integration solutions.
April 15, 2024
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Una D
Thrilling Adventure with Wave Accounting App: A Lifesaver for Invoicing and Payments
I absolutely love this app! I set up my account, prepared and sent an invoice, and was thrilled to be able to receive an AH payment through the Wave App. Six days later, I was surprised to find my account had been temporarily suspended due to receiving AH payments, but the $3, payment from my client was safely processed. It felt like a thrilling adventure, as a week passed and my money finally appeared in my bank account. This app is definitely not a scam, it's a lifesaver!
April 13, 2024