Name: Wave
Rating: 3 (44 reviews)

Wave Overview

Wave is a financial suite designed for US freelancers, solopreneurs, and small businesses. It combines double-entry bookkeeping, invoicing, and receipt tracking, with optional paid add-ons for payments, payroll, and bookkeeping support—no monthly fee just to use the core finance tools.

More About Wave

Key Features

Free Core Tools: Unlimited invoicing, estimates, accounting, and receipt records
Payments: Accept credit cards (2.9%+$0.60) and ACH transfers (1% min $1), with faster processing through the Pro plan
Bank Sync & Receipt Capture: Auto-import and categorize transactions (Pro plan) + receipt scanning via mobile app
Payroll: Base $20/month + $6 per active employee/contractor; flat $40 base-taxed plan in states with tax filing assistance
Advisory Support: Access bookkeeper/advisor services for a fee (starting ~$149/month)

Capabilities :

Invoicing & EstimatesCreate unlimited professional invoices with your branding, payment terms, taxes, discounts, and line items
Accounting & BookkeepingDouble-entry system with a general ledger journal transactions, trial balance, chart of accounts
Bank ConnectionsAuto-import and sync with thousands of U.S. banks (Pro only). Manual CSV uploads are available in the free plan
Payments by WaveAccept Visa, Mastercard, AmEx, and ACH. Get paid within 2 business days for credit cards
ReceiptsUpload, scan, and auto-log receipts from mobile or desktop OCR (optical character recognition) converts to expense entries

Pros & Cons

Pros:

Truly free core accounting with unlimited access

Easy invoicing and professional templates

Transparent, pay-as-you-go add-ons

Strong mobile apps and intuitive UX

Cons:

Add-ons for essential features can add up

No free account support—only via add-ons

Payroll is only in the US/Canada, and tax filing is limited to certain states

No live bank sync in the Starter plan

Software Trial

1-7 Days

Free Version

Yes

Licensing Type

Proprietary

Wave Starting Price

Free

Vendor Pricing Page

See Pricing

Wave Specification

Starting Price

Free

Price Type

Free

Currency

USD ($)

Subscription

N/A

Deployment Type

Cloud Hosted

Supported Platforms

Web-Based
iPhone/iPad
Windows
Mac

Technical Support

Training Resources

Documentation
Blogs
Help Guides
Videos

Software Demo & Screenshots

Wave Pricing

STARTER Plan

$0/Monthly

Features

Create unlimited estimates, invoices, bills, and bookkeeping records
Option to accept online payments
2.9% + $0.60 per credit card transaction
3.4% + $0.60 per Amex transaction
Invoice on-the-go with the mobile app
Manage cash flow and customers in one dashboard

PRO plan

$16/Monthly

Features

Option to accept online payments at a discounted rate
2.9% + $0* per credit card transaction
3.4% + $0* per Amex transaction
Auto-import bank transactions†
Auto-merge and categorize bank transactions
Digitally capture unlimited receipts and track expenses