Wave Apps

Accounting by Wave

4 / 5 414 reviews

Who Uses This Software?

Our 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 2 million strong.


Average Ratings

414 Reviews
  • 4 / 5
    Overall
  • 4.5 / 5
    Ease of Use
  • 4 / 5
    Customer Service

Product Details

  • Starting Price
    $0.01/year
  • Free Version
    Yes
  • Free Trial
    Yes
  • Deployment
    Cloud, SaaS, Web
  • Training
    Documentation
    Webinars
    Live Online
    In Person
  • Support
    Online
    Business Hours

Vendor Details

  • Wave Apps
  • www.waveapps.com
  • Founded 2009
  • Canada

About Accounting by Wave

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.


Accounting by Wave Features

  • Accounts Payable
  • Accounts Receivable
  • Bank Reconciliation
  • Billing & Invoicing
  • CPA Firms
  • Expense Tracking
  • Fixed Asset Management
  • For Government
  • For Nonprofits
  • Fund Accounting
  • Payroll Management
  • Project Accounting
  • Purchase Orders
  • Tax Management
  • Accounts Payable
  • Accounts Receivable
  • Bank Reconciliation
  • Billing & Invoicing
  • Cash Management
  • Collections
  • Expense Tracking
  • Fixed Asset Management
  • General Ledger
  • Payroll Management
  • Revenue Recognition
  • Spend Management
  • Tax Management

Accounting by Wave Reviews Recently Reviewed!


Awesome!!!!!

Jun 19, 2018
5/5
Overall
5 / 5
Ease of Use
5 / 5
Features & Functionality
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Pros: Wow! Wave literally just exceeded my expectations. Less than 30 minutes to setup. Not only that, I also intentionally used a more difficult bank of mine to see. It grabbed the routing number and immediately declared it knew the bank and proceed. Verified my identity quickly which definitely made me feel safe and boom! In business.

Cons: The only downside I can see at this time is it is a bit slow but really compared to everything else, just wait the few seconds.

Great Product for Book-keeping & For Invoicing But Not believable payments Processing feature

Jun 19, 2018
5/5
Overall
5 / 5
Ease of Use
5 / 5
Features & Functionality
5 / 5
Customer Support
5 / 5
Value for Money
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Pros: The most favorable thing in that software to use is its cost (this software is not charging anything from you). excellent for Book-keeping & Invoicing Task.

Cons: Sometimes the load speed of this website become very slow which interrupt your working & dashboard is little rigid i want more changes in dashboard according to my needs

Overall: Easy to use, Free software for book-Keeping

Great and Simple solution to Quickbooks

Jun 19, 2018
5/5
Overall
5 / 5
Ease of Use
4 / 5
Features & Functionality
5 / 5
Customer Support
5 / 5
Value for Money
Likelihood to Recommend: 10.0/10 Not
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Pros: I love the simplicity of this app. Easy and quick to get things setup. Also love the clean looking templates. If you login using your google account all your information is already transferred to your business profile thus filling in all the pertinent information about your company on invoice templates, quote templates, etc. Time saver! Also love that it has an app so I can access accounts and invoice on the go!

Cons: Would live a way to setup customers with set pricing. Such as contractor rates. Also would like to be able to transfer my quickbook records into wave so I can go to one place for data and records.

Overall: Being able to have accounting software both on desktop and mobile is a big plus.

Free, Great User Interface, Good iOS Apps

Jun 17, 2018
4/5
Overall
5 / 5
Ease of Use
4 / 5
Features & Functionality
5 / 5
Value for Money
Likelihood to Recommend: 9.0/10 Not
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Comments: Great for bookkeeping but I wouldn't recommend the payment processing features.

Pros: It is completely free to use is the best part about this software. It has a great user interface with everything organized appropriately. The site is reliable and I have never seen a time when it was down.

Cons: The website can be slow at times and when you go to categorize your transactions, it can take quite a while depending on how many you have. The categorization process is slow and daunting and you have to make too many actions for one transaction process. There is no way to create 'rules' to automatically categorize certain transactions. I used the payment processing feature from the invoice once and I do not recommend it, the prices are higher than PayPal and Stripe as well as you have to wait longer to get the money deposited. Limited integrations

Capterra-loader

Recommended for freelancers/SMEs for preparing invoices and keeping track of receipts and expenses

Jun 15, 2018
5/5
Overall
5 / 5
Ease of Use
4 / 5
Features & Functionality
5 / 5
Value for Money

Pros: Excellent for freelancers and SMEs in need of preparing and sending invoices, keeping track of receipts and expenses. The interface is awesome. Although there are other software providing the same features, but to the best of my knowledge, this is the best under free plan.

Cons: This is not an accounting software for keeping track of inventories or meeting tax obligations and GST returns. Not suggested if your need is deeper like maintaining branch accounts while adhering to financial reporting standards.

Wave is a great accounting tool with generous free tier!

Jun 13, 2018
4/5
Overall
4 / 5
Ease of Use
3 / 5
Features & Functionality
3 / 5
Customer Support
5 / 5
Value for Money
Likelihood to Recommend: 8.0/10 Not
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Pros: I reviewed a few online accounting tools and settled on Wave. It had a modern design and a good free tier for my business. It's pretty easy to use, even for myself who is not familiar with most accounting terms.

Cons: The only problem we encountered was that my business credit card was supplied by a provincial bank in Alberta. It was not recognized for connection and when I reached out to suggest the card, I didn't really hear anything back for quite some time. I submitted multiple requests but didn't hear anything. Then randomly my card was able to connect but no one had told me. Up until that point I was manually importing those transactions.

Overall: A well designed, modern, online accounting tool with a nice free tier.

Great invoicing software

Jun 07, 2018
5/5
Overall
4 / 5
Ease of Use
4 / 5
Features & Functionality
4 / 5
Customer Support
5 / 5
Value for Money

Pros: For a small business, Accounting by Wave is a great invoicing software. It can automatically turn estimates into invoices, allow credit card payments and send the invoices to the clients on your behalf as web and pdf versions.

Cons: The only con I can find is having to identify products. Not all industries sell a product, some sell services and not always at the same rate to each client so it can be a little tedious to have to change the 'product' each time.

The free version is perfect for me

Jun 06, 2018
4/5
Overall
5 / 5
Ease of Use
5 / 5
Features & Functionality
5 / 5
Customer Support
5 / 5
Value for Money
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Pros: Love that the free version of this program works perfectly for me. Like the balance of what can and can't be customized -- ex: invoices. Like to be able to see the customer's view of documents.

Cons: I wish I could customize the dashboard a bit more. I typically want to view the same items when I log in but have to click through several options to get to them each time.

Great invoicing software for freelancers

Jun 06, 2018
4/5
Overall
5 / 5
Ease of Use
5 / 5
Features & Functionality
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Pros: Wave is quite easy and intuitive to use -- even for people with no financial or bookkeeping background. I've been using the free version for more than a year now and I am quite satisfied. It provides a platform that enables me to send professional-looking invoices to my clients. I also love that it auto-saves info so you don't have to input the same details for recurring invoices.

Cons: Sometimes I don't think the revenue analysis is accurate. The graph doesn't seem to match the actual receivables I had for certain months.

Cloud accounting done right!

Jun 05, 2018
5/5
Overall
4 / 5
Ease of Use
4 / 5
Features & Functionality
2 / 5
Customer Support
5 / 5
Value for Money
Likelihood to Recommend: 8.0/10 Not
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Pros: This is build for small businesses that don't need a complicated accounting system. My favorite feature is the ability to categorize purchases. I can freely move items between my personal and business account.

I really like the ability to generate invoices right within the app as well. All around a super app.

Cons: The customer support definitely needs some work. I understand this is a free product so I'm not expecting much but at times it takes days to get a reply. My Amex card stopped importing for some reason and the only way is to manually input the information or import a file with the content. Not a big deal more of a pain.

Overall: It's free and it's not overly complicated.

The best option for small business

May 31, 2018
4/5
Overall
5 / 5
Ease of Use
4 / 5
Features & Functionality
5 / 5
Customer Support
3 / 5
Value for Money
Likelihood to Recommend: 8.0/10 Not
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Pros: It's really easy to set up and the interface is very friendly. The support is great and it delivered what I expected.

Cons: It's a very good software, the best one that I tried, but I have to pay for it... Not a con at all, everything has its price, but there are other free options for freelancers and small business.

Overall: The best option

Great if you want an easy to use free accounting system

May 31, 2018
4/5
Overall
5 / 5
Ease of Use
4 / 5
Features & Functionality
3 / 5
Customer Support
5 / 5
Value for Money
Likelihood to Recommend: 10.0/10 Not
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Comments: Good place to start and I am sure if you upgrade you would have a more sophisticated product

Pros: It's free and easy to use. You can run several businesses under the one login and it is easy to add categories.

Cons: Doesn't link with bank accounts easily and when it does it seems to only work for a while. This of course could be the bank end.

Great Product, Easy to Use!

May 30, 2018
4/5
Overall
5 / 5
Ease of Use
5 / 5
Features & Functionality
5 / 5
Customer Support
5 / 5
Value for Money

Pros: I've tried dozens of accounting products over the years and have stuck with Wave for a while now. Lots of features, free plan, expense tracking and many more features...

Cons: Sometimes I wish Wave integrated with a few more of the products I use but I must say that compared to other products like Fresh Books and Quick Books, Wave is much easier to use and has almost all the functionality as the other similar products.

This is a pretty nice (FREE) Accounting Software

May 24, 2018
4/5
Overall
4 / 5
Ease of Use
3 / 5
Features & Functionality
2 / 5
Customer Support
5 / 5
Value for Money
Likelihood to Recommend: 7.0/10 Not
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Comments: Stop discriminating against Licensed Escort Agencies! We pay taxes, have all applicable permits and licenses, and operate within the law!

Pros: Free Payroll is not overly expensive Can set up online payments Has receipt and invoice apps I was able to learn it with no accounting / bookkeeping experience quickly

Cons: The Customer Service is via email and not so great. You have to teach yourself. It opens a new window for every single transaction

Valuable for small business

May 24, 2018
5/5
Overall
5 / 5
Ease of Use
4 / 5
Features & Functionality
4 / 5
Customer Support
Likelihood to Recommend: 9.0/10 Not
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Comments: Good for small business

Pros: For a small Business like ours, wave is very helpful in terms of accounting. With the bank reconciliation feature, businesses can link their bank accounts is very helpful.

Cons: Need improvement to include editable main categories/sub-accounts in chart of accounts. Exporting to CSV file results in weird symbol in data columns.

Great Free Option for Small Businesses

May 21, 2018
4/5
Overall
4 / 5
Ease of Use
4 / 5
Features & Functionality
4 / 5
Customer Support
5 / 5
Value for Money
Likelihood to Recommend: 9.0/10 Not
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Comments: Ideal for a beginning small business.

Pros: Wave is very easy to set up and use. The interface has a good flow. Wave is superb for the basics but I have not used the advanced features. I'm very satisfied with it. Staff support is great.

Cons: I am unable to set up credit card payments between US clients and Canadian banks. I am still working on this.

Capterra-loader

Easy enough to get the job done for small businesses and non-profits

May 18, 2018
4/5
Overall
4 / 5
Ease of Use
4 / 5
Features & Functionality
5 / 5
Value for Money
Likelihood to Recommend: 8.0/10 Not
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Pros: I've used other mainstream accounting systems, and was often lost and confused. Wave Accounting is simple enough for me to pick up and use, whether with two non-profit community groups or a joint partnership. It allowed us to track cashflow, report to stakeholders, and image documents in one common space.

Cons: It's almost too simple. The restrictions are in place to keep it simple and accessible, but when I was succeeded as treasurer at one non-profit by a professional accountant, he had some trouble making it "work" for his purposes and fitting into his trained way of doing things.

Great for a sole owner or small business

May 14, 2018
5/5
Overall
5 / 5
Ease of Use
4 / 5
Features & Functionality
5 / 5
Customer Support
5 / 5
Value for Money
Likelihood to Recommend: 9.0/10 Not
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Pros: I've given Wave a tried a while back and decided to give it another go recently, and I was pleasantly surprised the amount of updates and progress they've made. I really like that their accounting features seem to be more sophisticated now, while maintaining a very easy to use and "laymen" interface.

Cons: Honestly not that I could find, plus it's free, how can you go wrong? It's beautiful to look at, easy to use, and seems to be quite fast as well.

Finding this FREE software saved a non-for-profit business venture of mine....

May 11, 2018
5/5
Overall
5 / 5
Ease of Use
5 / 5
Features & Functionality
5 / 5
Customer Support
5 / 5
Value for Money

Pros: This is an absolutely beautiful program that is fit for the beginner with great customer support and tutorials as well as for the seasoned accounting professional.

Cons: The downfall for me was the payroll. Expensive to say the least but for free software that stores your files on the cloud...not bad!

Anyone can perform the accountant functions with this software

May 10, 2018
5/5
Overall
5 / 5
Ease of Use
5 / 5
Features & Functionality
5 / 5
Customer Support
5 / 5
Value for Money

Pros: I love wave software as its sole comprehensive for accepting payments, for reconciling payments, for calculating change rates, for formatting reports, for looking at what you've already paid, and what needs to be paid. It makes auditing very very simple.

Cons: It's still fairly new so we're still working to get other partners on board but it works really well and we hope to continue to learn more about it.

Love this bookkeeping program (and it's free!)

May 10, 2018
4/5
Overall
5 / 5
Ease of Use
4 / 5
Features & Functionality
5 / 5
Customer Support
5 / 5
Value for Money
Likelihood to Recommend: 10.0/10 Not
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Comments: So far Wave is my favorite bookkeeping system for my home fashion design business, number one, because it's free and every dollar I save really counts, and two, I can use it on my ipad or my iphone anywhere and do business outside of my loft. I have yet to use the integrated Payroll as well but hoping to test that out very soon. I really appreciated the online live training sessions too. I thought that was helpful although the program is already easy to use.

Pros: It's FREE! I've been spending dollars per month with two other online bookkeeping programs and this free program does pretty much everything they do. It's simple, quick (fairly quick page load times) and offers all the reports I need. Customer support is great and they have 3 live training's every week. I'm impressed with how much they offer with virtually no costs. They also offer bank and debit/credit invoice payments right in the program with 1% and I think the usual 2.9% processing.

Cons: Sometimes pages take a while to load because it's an online program. Also, pages open up in new tabs which isn't even that bad to me, I just find myself gathering up 10+ tabs then having to close them all out. Reconciling can be tricky because it's not a conventional reconcile and I find myself going back and forth between pages looking for the mismatch culprits.

Full-featured and FREE!

May 09, 2018
5/5
Overall
4 / 5
Ease of Use
4 / 5
Features & Functionality
5 / 5
Value for Money
Likelihood to Recommend: 9.0/10 Not
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Comments: An integration with Toggl and other timecard apps would be amazing!

Pros: Churn out professional branded invoices in minutes with minimal setup. Accept payments via ACH transfer, credit card, check or other manual payments. Set up automatic reminders for clients after invoices have been sent so you don't have to remember to follow up. Automate repeat invoices. Generate reports easily for bookkeeping and taxes. Mobile app makes it easy to send payment receipts in seconds.

Cons: No real cons. I do wish I could more easily import hours/wages/project data into invoices so it was a less manual process.

Free Accounting software with limited ability

May 08, 2018
3/5
Overall
3 / 5
Ease of Use
3 / 5
Features & Functionality
2 / 5
Customer Support
5 / 5
Value for Money

Pros: Great for running personal financials since it allows you to sync bank accounts and credit cards, and reconcile books

Cons: Syncs often break so you have to manually input transactions from bank accounts. Reports are extremely limited

Capterra-loader

Super simple, which is both good and bad

May 08, 2018
4/5
Overall
4 / 5
Ease of Use
3 / 5
Features & Functionality
4 / 5
Customer Support
5 / 5
Value for Money
Likelihood to Recommend: 7.0/10 Not
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Pros: Okay, so if you're just starting out working freelance, this is probably where you want to start. QuickBooks Online is where you'll wind up eventually, but that program stinks REAL hard. Wave is undeniably easier and quicker to use.

Cons: It confuses my accounts sometimes. I'm sure I could fix it, but I can't figure out how. But I also don't really use those features. If I did, I'd probably migrate to a more advanced application.

Wave - A Hidden Gem

May 08, 2018
5/5
Overall
4 / 5
Ease of Use
4 / 5
Features & Functionality
4 / 5
Customer Support
5 / 5
Value for Money
Likelihood to Recommend: 10.0/10 Not
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Pros: Sometimes the hidden gems are the best! Wave is a drop-dead simple accounting program that we use to track our incoming and outgoing cash flow. I love the unverified transactions to allow us to verify it goes in the right categories instead of automating everything.

Cons: No automation... I wished it would save or remember recurring transactions belonging to a specific category.

Good for small Business

May 07, 2018
4/5
Overall
5 / 5
Ease of Use
4 / 5
Features & Functionality
5 / 5
Customer Support
4 / 5
Value for Money
Likelihood to Recommend: 9.0/10 Not
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Pros: For a small Business wave is very helpful in terms of accounting. They can sent invoice through e-mail and collect payment through credit card.

Cons: It is only good for small business and it is a web-based. Need more improvement in tracking invoices paid or due.

Freaking love it, simple and I look professional!

May 05, 2018
5/5
Overall
5 / 5
Ease of Use
5 / 5
Features & Functionality
5 / 5
Customer Support
5 / 5
Value for Money

Pros: First off, it's free. Don't change that. Second, it's all so easy! User friendly and looks professional. Sometimes that's all people want. Easy and professional, kept it simple and fast. We don't have time for anything else sometimes. Good job.

Cons: That it has no quoting feature. I can send an invoice, but I can't quote! What's up with that. I have to outsource that, yet another headache.

Easy Small Business Accounting Platform

May 04, 2018
5/5
Overall
5 / 5
Ease of Use
4 / 5
Features & Functionality
5 / 5
Customer Support
5 / 5
Value for Money

Pros: Accounting by Wave makes it easy to get started with managing your business' finances. The interface is clean and simple and they are regularly updating it, which is great!

Cons: It would be great if there were more reports available, such as cash flow statements, and options for creating trend analyses and financial projections.

So simple to track expenses and income

May 04, 2018
5/5
Overall
5 / 5
Ease of Use
5 / 5
Features & Functionality
5 / 5
Customer Support
5 / 5
Value for Money

Pros: Love that I can use the app to track expenses, upload receipts, and create invoices. Easy to categorize spend for tax filing too.

Cons: I haven't found any cons with it so far. It is easy to use and simple to understand, as well as reliable.

Capterra-loader

I use Wave for all of my small business accounting needs

May 04, 2018
4/5
Overall
4 / 5
Ease of Use
4 / 5
Features & Functionality
4 / 5
Customer Support
5 / 5
Value for Money
Likelihood to Recommend: 9.0/10 Not
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Pros: I like that is all online and nothing to download. I also like the ability to have customer credit cards on file for reoccurring charges.

Cons: I also upload receipts and I find that the OCR is not always working. I have to spend a bit of time manually fixing the info.

Overall: I am able to bill and get paid quickly with little effort

Free to use, reasonable features

May 01, 2018
3/5
Overall
3 / 5
Ease of Use
3 / 5
Features & Functionality
3 / 5
Customer Support
4 / 5
Value for Money

Pros: Wave accounting is an accounting software that is also free. It is user friendly and has most the features needed for a small business.

Cons: Would like Wave to add in more functionality like the Xero and Quickbooks accounting apps if possible.

WAVE IS UNRELIABLE & SKETCHY!!!

Apr 30, 2018
1/5
Overall
1 / 5
Ease of Use
1 / 5
Features & Functionality
1 / 5
Customer Support
1 / 5
Value for Money

Comments: This company will not only support friendly fraud (i.e. chargebacks), they will damage your CREDIT RATING, they are extremely unreliable and the customer service is a joke! I have accounts with several different credit card processors and should have known this company was about BS when they started pulling my credit RANDOMLY. I also had one chargeback, which is inevitable for most business owners. Instead of working with me (their customer)... they held all of my funds that were not even associated with the chargeback... blocked my account... and damaged my credit in the process... even before the chargeback was resolved. This company is awful, probably worse than PayPal!!! There is no loyalty and I highly advise against ANYONE (especially small business owners) signing up for their service. JUST AWFUL!!!

Cons: This is your warning -- DO NOT DO BUSINESS WITH WAVE ACCOUNTING or WAVE APPS!!! They are a HIGHLY unreliable credit card processor and willbe more trouble than its worth

Worked really well for the time I used it and I didn't have any problems with it at all I recommend

Apr 30, 2018
4/5
Overall
3 / 5
Ease of Use
3 / 5
Features & Functionality
5 / 5
Customer Support
3 / 5
Value for Money
Likelihood to Recommend: 7.0/10 Not
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Pros: The product was easy to use once you got the hang of it has a lot of good things about it that a small business needs

Cons: Having to pay for something that I can use for free online isn't the best option for a small business

Overall: Time and taxes were a big help

Fabulous software

Apr 29, 2018
5/5
Overall
5 / 5
Ease of Use
5 / 5
Features & Functionality
4 / 5
Customer Support
Likelihood to Recommend: 10.0/10 Not
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Pros: For a small company, this software tracks every cent in and out. You get usable reports, and can watch how you spend your hard earned money.

Cons: There is no place to track mileage. I also would like to be able to just enter bills and not worry about figuring out if I need to pay them or if I did pay with a credit card.

Great value for money but quite 'buggy'

Apr 28, 2018
3/5
Overall
4 / 5
Ease of Use
3 / 5
Features & Functionality
3 / 5
Customer Support
5 / 5
Value for Money
Likelihood to Recommend: 6.0/10 Not
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Pros: Accounting by Wave is great software for personal accounts and seeing where your spend goes each month. The best feature is the automatic import of all transactions from common banks (incl NZ)

Cons: There is often a bug in the software in some way. Currently all my accounts are in USD where they used to be NZD (just switched randomly a couple of months ago). I contacted Wave and they are aware of the issue but haven't fixed it yet. Also, often the transactions don't import correctly which leaves the accounts unbalanced.

Overall: Personal accounting. Definitely wouldn't use it for business

Software continues to freeze, have spent 4 hours trying to create historical invoices.

Apr 27, 2018
1/5
Overall
2 / 5
Ease of Use
2 / 5
Features & Functionality
1 / 5
Customer Support
Likelihood to Recommend: 2.0/10 Not
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Comments: Would love to use this product but am finding it too time consuming and difficult to set up and add history - I'm having to back out of where I am which means I lose all the work I've done and then I have to start all over again.

Pros: All in all, an outstanding product with a well thought out user guide to assist. I like the integration, although it doesn't integrate with my bank and I like that it offers email reminders. Additionally, I must say that the business model is very innovative indeed.

Cons: There appear to be functional and performance issues with this product. Also, there's no way to ask a question or report an issue - the product simply freezes. Error message says invoice # already exists but it's not displayed anywhere for me to delete it. Unable to add line items to an invoice without separately adding GST, prefer to see it applied to the subtotal only. I originally set it up to sign in with Google but prefer to use my email address/ password but am unable to change it... this means signing in takes more process steps which are redundant and annoying.

I love wave apps! I use it as a free/cheaper alternative to traditional accounting programs.

Apr 24, 2018
4/5
Overall
5 / 5
Ease of Use
4 / 5
Features & Functionality
5 / 5
Customer Support
5 / 5
Value for Money

Pros: It's easy to navigate and maintain. It's free. Accounting doesn't get much better. It has (almost) everything I need.

Cons: I have a very niche bank account and the automatic transaction downloads recently broke. Most likely the banks fault. Also, I work with a lot of independent contractors. Wave has an employee/payroll setup but nothing for independent contractors.

Also, maintaining and making sure there aren't double transactions added to the account does make for a bit of upkeep. Ex: invoices, when marked as paid, add a transaction but doesn't account for the same transaction being uploaded from the actual bank statements. They are easy fixes usually. But it can get to be a lot of work if there is a heavy flow of transactions.

It's a great tool for small businesses starting out.

Amazing software and does everything I want it to!

Apr 24, 2018
5/5
Overall
5 / 5
Ease of Use
4 / 5
Features & Functionality
5 / 5
Customer Support
5 / 5
Value for Money
Likelihood to Recommend: 10.0/10 Not
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Pros: This has been my favorite software for accounting. I've used other programs like intuit quickbooks, freshbooks, etc. My biggest plus with this program is the ability to have my branding shown on invoices and in all correspondences. Wave branding is present but not in your face like the others which is a huge win for us. It's very easy to set up and to use.

Cons: There aren' t a lot of things i dislike about it. I'd say the ability for ecommerce is lacking but they are doing some great things to develop a standard checkout cart etc.

Capterra-loader

Perfect Small Business Accounting

Apr 24, 2018
5/5
Overall
5 / 5
Ease of Use
5 / 5
Features & Functionality
5 / 5
Customer Support
5 / 5
Value for Money
Likelihood to Recommend: 10.0/10 Not
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Pros: Currently using the free plan and love the fact it syncs with my bank and Paypal. All I need to do is log in occasionally and map Transactions to the correct custom categories I've setup. End of year tax reporting is easy with the basic reports that are provided with the free plan.

Cons: The free plan has basic reporting that fits my needs. Others might find it necessary to upgrade to a paid plan to receive more reporting functionality.

Overall: Free accounting software with basic reports. Love it.

Incredible functionality for little or no cost!

Apr 24, 2018
5/5
Overall
4 / 5
Ease of Use
5 / 5
Features & Functionality
5 / 5
Value for Money
Likelihood to Recommend: 9.0/10 Not
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Pros: It's super intuitive and feature rich - for free! What more could you want? Well you could pay for receiving payments or running payroll and then it will make your life even easier. Up to you. The free kit is great for any small to medium sized business.

Cons: I had a bit of trouble importing transactions from other software but eventually worked it out with their help pages.

Best Financial Software for Small Business

Apr 20, 2018
5/5
Overall
5 / 5
Ease of Use
5 / 5
Features & Functionality
5 / 5
Customer Support
5 / 5
Value for Money
Likelihood to Recommend: 10.0/10 Not
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Pros: I love that the base software is fully functional and yet free, since Wave makes money from credit card processing and not outsourcing to a third party like Square or Stripe.

Cons: Nothing so far. All of the pieces of the application work exactly as we expected. We are not disappointed at all.

Overall: We get our credit card processing, accounting, bank reconciliation and payroll in one easy to use application.

As a freelancer, Wave's accounting was the clean, simple program I needed.

Apr 19, 2018
5/5
Overall
5 / 5
Ease of Use
4 / 5
Features & Functionality
5 / 5
Value for Money
Likelihood to Recommend: 10.0/10 Not
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Pros: The design is so clean! I'm proud to send such a professional-looking invoice to clients for my freelance work. It handily keeps track for me of who has paid and by when they need to pay.

Cons: I have few complaints, as I don't use nearly all the features Wave offers. Maybe that's my complaint that I don't want to be sold on all the things it can do.

A very nice free software

Apr 17, 2018
4/5
Overall
5 / 5
Ease of Use
4 / 5
Features & Functionality
4 / 5
Customer Support
5 / 5
Value for Money
Likelihood to Recommend: 8.0/10 Not
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Pros: I appreciate this is free, I'm on a tight budget so this is ideal for small business that are also on a tight budget.

Cons: Credit card processing of invoices has a hefty fee, this really adds up in the long run. So that can be quite frustrating.

Easy to use

Apr 14, 2018
5/5
Overall
5 / 5
Ease of Use
5 / 5
Features & Functionality
5 / 5
Customer Support
5 / 5
Value for Money

Pros: Free! Easy to use and the app looks amazing! It also comes with a receipt app where you can record your business expenses.

Cons: As a practitioner, it doesn't have everything I need all in one. I would to be able to write treatment notes, book appointments etc.

If all you need is basic accounting then try it.

Apr 11, 2018
3/5
Overall
4 / 5
Ease of Use
2 / 5
Features & Functionality
2 / 5
Customer Support
2 / 5
Value for Money
Likelihood to Recommend: 5.0/10 Not
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Comments: This is a decent application if you want to track cash flow. Be prepared to do a lot of manual entry for business operations.

Pros: Quick and easy to set up the basics and be off and running. The software loads quickly and is responsive. Free to start. The mobile receipt scanner is a very nice feature. On the slower side but quite good at auth reccognition.

Cons: It is not at all flexible and is not easy to use variables. You can tell it is designed for the small business as an alternative to Quickbooks.

Capterra-loader

Great for a free option

Apr 11, 2018
4/5
Overall
3 / 5
Ease of Use
4 / 5
Features & Functionality
4 / 5
Customer Support
5 / 5
Value for Money
Likelihood to Recommend: 9.0/10 Not
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Pros: I like that it is free and my bank was recently added so I can link the account. I also like that I can make customized categories for itemizations.

Cons: I was only recently able to link my bank account but the expenses that were linked appear differently that items that were uploaded from a .csv and there does not seem to be a way to make them present the same way. I therefore needed to hand enter all of the expenses from the beginning of the year so that they match the items that are now appearing through the bank link.

There is also quite a delay when confirming transactions that can be quite frustrating when trying to categorize and confirm several transactions in one sitting.

Overall: It does everything I need it to do for free.

Capterra-loader

I really like it because it's pretty much the only free software that I know.

Apr 11, 2018
5/5
Overall
5 / 5
Ease of Use
4 / 5
Features & Functionality
4 / 5
Customer Support
5 / 5
Value for Money

Pros: I love the fact that it's FREE, everything else I've ever come across is paid, and I hate monthly fees, so thank you.

Cons: I dislike the fact that I cannot, for the life of me, link my TD account. I cannot stand it. It's not good, but okay.

Wave is wonderful!

Apr 11, 2018
4/5
Overall
5 / 5
Ease of Use
3 / 5
Features & Functionality
4 / 5
Customer Support
5 / 5
Value for Money
Likelihood to Recommend: 8.0/10 Not
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Pros: Wave is very easy to use. Additionally, the app allows for swift invoice and receipt creation which is simply a delight. I can literally do my business from ANYWHERE!

Cons: Perhaps because my business is retail and I have a number of different SKUs, I have to enter each one manually. I also wish there was an inventory management portion of it to help track my inventory

Overall: Professional invoicing, tracking and receipts

Easy to use but limited

Apr 10, 2018
2/5
Overall
4 / 5
Ease of Use
2 / 5
Features & Functionality
1 / 5
Customer Support
2 / 5
Value for Money
Likelihood to Recommend: 2.0/10 Not
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Pros: Easy to use, very light bookkeeping. Nicely customized invoicing and payments set-up. Allows you to see quickly what hasn't been paid.

Cons: No exporting of data when you outgrow it. Doesn't allow you to create multiple invoice templates and a bit difficult to include notes on transactions.

Great free option for startups

Apr 10, 2018
4/5
Overall
4 / 5
Ease of Use
3 / 5
Features & Functionality
3 / 5
Customer Support
5 / 5
Value for Money
Likelihood to Recommend: 8.0/10 Not
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Comments: This is a great starter finance package for small businesses and offers a great deal of features for free

Pros: Wave offers a great deal of features for free - you only pay extra for payroll & credit card payments It's really easy to use and set up & great for small businesses.

Cons: It can be slow to load at times, and the bank interfaces can be erratic. There are only a limited range of reports available, and no cash flow forecast functionality at present.

Free Bookkeeping and Invoicing Software

Apr 04, 2018
5/5
Overall
5 / 5
Ease of Use
5 / 5
Features & Functionality
5 / 5
Customer Support
5 / 5
Value for Money
Likelihood to Recommend: 10.0/10 Not
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Pros: I love that Wave Apps has created a way to offer free Bookkeeping software and still able monetize it. The software is simple to use and you can run, manage all your bookkeeping in one place.

Cons: Everything runs smoothly but there is a tad delay between my bank account and Waves system updates. Not a hassle though the other costly bookkeeping software also has a slight delay.

Overall: Great bookkeeping software.

Awesome software

Apr 04, 2018
5/5
Overall
5 / 5
Ease of Use
4 / 5
Features & Functionality
4 / 5
Customer Support
4 / 5
Value for Money

Pros: Wave is free, easy to use and has all the features you need for simple accounting. I was able to sort out all my business accounts easily and now I can keep them in order.

Cons: There is very little that I dislike about Wave accounting. It doesn't support bank imports in my country and that's a bit of a pain but understandable in Kenya

Excellent FREE Accounting tool

Apr 04, 2018
5/5
Overall
5 / 5
Ease of Use
5 / 5
Features & Functionality
3 / 5
Customer Support
5 / 5
Value for Money
Likelihood to Recommend: 8.0/10 Not
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Pros: Has everything a small business needs for accounting. Cloud based and allows you to easily sync your credit card and banking account.

Cons: Geared to very small businesses. Simple and basic product. No cons at the moment. FREE software program.

Great Accounting App for SMEs and personal financing

Apr 02, 2018
4/5
Overall
4 / 5
Ease of Use
4 / 5
Features & Functionality
4 / 5
Customer Support
Likelihood to Recommend: 8.0/10 Not
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Pros: Great Features, i.e a. Receipt capturing via mobile app or upload thru web comes with an OCR feature with auto placing of items captured with it's respective fields. - This reduces human-errors as well as keeping a reference of the document on the particular accounting transaction b. Bank Transaction capturing thru either signing on your Bank's credentials to allow retrieving of any updated transactions taken place. - great features to reduces almost 99% accuracy (provided all transactions are done thru banking - or atleast given a receipt for receipt capturing) Great Job!! Keep it up!

Cons: So far it's great for small to medium sized businesses. I can see it also possible for larger enterprise but some adjustments needs to be done. - Security features wise, it's there. But to cater for more complex permissions & authentication, not possible. But looking at how it is build along with its features and how the entire system is integrated, I think it should remain as a solutions for the defined market. And considering how it's business model of the System is given for free for the standard accounting facilities, I think its acceptable..

Capterra-loader

Great Free Accounting Application

Mar 31, 2018
4/5
Overall
4 / 5
Ease of Use
5 / 5
Features & Functionality
5 / 5
Customer Support
5 / 5
Value for Money
Likelihood to Recommend: 9.0/10 Not
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Pros: Wave is a great application for a small company that is just starting and needs a basic accounting platform. It can handle invoices, employee payroll, receipt tracking and more with ease. It also has numerous reports available to let you see how profitable (hopefully!) your business is. They also have mobile apps so that you can take pictures of receipts from anywhere.

Cons: This app needs a wizard or something similar (when you first start with it) to help you understand where everything is. The menu navigation of the app ends up hiding seemingly similar things in different sections. So it can be hard to find what you want. Over time you will likely need to move to something like Quickbooks Online to get more auditing functionality.

A powerful and free accounting/invoicing/billing solution

Mar 30, 2018
5/5
Overall
5 / 5
Ease of Use
4 / 5
Features & Functionality
5 / 5
Value for Money
Likelihood to Recommend: 10.0/10 Not
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Pros: Wave offers many premium features for free that you'd generally have to pay a fair amount for. As a freelance developer, it's a wonderful tool for invoicing my clients, as well as getting paid.

Cons: Some things aren't as customizable as I'd like. Reminder emails are just slightly rude sounding and can't be modified. Changing how some of the aspects of your invoice appears actually changes it for your entire company in Wave, and this might not be obvious when doing it.

Ease of use.

Mar 28, 2018
5/5
Overall
5 / 5
Ease of Use
5 / 5
Features & Functionality
5 / 5
Customer Support
5 / 5
Value for Money

Pros: This is a great accounting platform that allows you to add external users that can assist with reconciliation, invoicing and more.

Cons: Accounting by Wave would be even better if it had additional financial reports, like Cash Flow statements in it.

Capterra-loader

Simply Great though its absolutely free

Mar 28, 2018
4/5
Overall
4 / 5
Ease of Use
4 / 5
Features & Functionality
4 / 5
Customer Support
5 / 5
Value for Money
Likelihood to Recommend: 7.0/10 Not
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Pros: Wave Accounting is a Great tool to start Cloud Accounting Journey by any small businesses or Accounting person, Being a Free its a risk-free package to experiment.

Cons: Bank Feed options can be increased, though its very starter pack, learning takes time for newbies significantly.

Very great accounting software

Mar 26, 2018
4/5
Overall
5 / 5
Ease of Use
5 / 5
Features & Functionality
Likelihood to Recommend: 8.0/10 Not
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Comments: this is a very good software for small business. very easy to understand and the software is pretty straight forward.

Pros: I have been using waves for about 6 months now and I have no regrets. The platform is very user friendly and I love the automated reminder function, which has really been super effective in collection process. I love that it Also shows summaries of my company performances. I also love that it has an app as well so I have access to my information on the go.

Cons: the only process that was very cumbersome is the data importing of the previous accounting transaction. This is however the case with many accounting software. I would love to see more comprehensive reports that could help with advance analysis.

Great free, starter accounting software

Mar 25, 2018
4/5
Overall
5 / 5
Ease of Use
4 / 5
Features & Functionality
5 / 5
Customer Support
5 / 5
Value for Money
Likelihood to Recommend: 8.0/10 Not
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Pros: There is an app for it, and the invoice creator is beautiful. So it is very accessible and simple to use. It does help you categorize your expenses.

Cons: It is not the most comprehensive. There isn't too many features, but once again, its free. The paid versions are quite pricey for the extra features.

Overall: got to let me learn what is involoved in the legality of a business and start organizing

Love Wave! Almost No Complaints

Mar 23, 2018
5/5
Overall
5 / 5
Ease of Use
5 / 5
Features & Functionality
5 / 5
Value for Money
Likelihood to Recommend: 9.0/10 Not
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Comments: Great small business or freelance invoicing/accounting platform

Pros: Easy to use, setup customers Invoicing is great! Quickly make templates and and can recurring invoices. Can process credit card payments

Cons: Credit card processing of invoices has a hefty 3% fee, adds up FAST if you process large invoices. If your services or amounts of invoices vary monthly ever line of labor is saved and your dropdown can become long. Very long.

My company is a small video production company and wave works great for us.

Mar 23, 2018
5/5
Overall
4 / 5
Ease of Use
4 / 5
Features & Functionality
5 / 5
Customer Support
5 / 5
Value for Money

Pros: I love the fact that it's free! Since we're a young company it's really nice not having to worry about a monthly payment for bookkeeping.

Cons: It posts double payments - meaning if a customer pays by credit card through a wave invoice, it the transactions it will post the amount "paid" of the invoice and when the payment posts in your bank account a few days later (there's some lag time on the banking side) another transaction is recorded as paid.

Capterra-loader

Using Wave Apps is a real treat!

Mar 22, 2018
5/5
Overall
5 / 5
Ease of Use
5 / 5
Features & Functionality
5 / 5
Customer Support
5 / 5
Value for Money
Likelihood to Recommend: 10.0/10 Not
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Pros: Wave Apps has everything I need to run my web design business on the side - the ability to track my income and expenses from a single dashboard, create single and recurring invoices with a few clicks, and take credit card payments without being slammed by exorbitant monthly fees and transaction charges.

Cons: Really, I've got nothing to complain about here. I'll have to find something else to fill this character limit with.

Overall: Wave Apps allows me to run my business and invoice my customer smoothly and painlessly.

Easy to use, automated, and free!

Mar 21, 2018
5/5
Overall
5 / 5
Ease of Use
5 / 5
Features & Functionality
5 / 5
Value for Money
Likelihood to Recommend: 10.0/10 Not
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Comments: For us small people, without big budgets for administration and book-keeping, Wave is a godsend!

Pros: The price is unbeatable, but I also loved how easy it is to set up Wave, based on your business type. The automated import of transactions made it even better!

Cons: There are a few limitations on what you can do, but considering the price those are easily overlooked in my book. They are developing the product so feedback also influences that process.

Simple and easy to use

Mar 21, 2018
5/5
Overall
5 / 5
Ease of Use
4 / 5
Features & Functionality
5 / 5
Customer Support
5 / 5
Value for Money

Pros: It has a clean interface that is easy to use. Connnectinf bank accounts was simple and sending invoices were a no brainer. The Wave Receipt app is great for uploading images on the go for no extra charge.

Cons: When I used it it did not integrate to Woocommerce so I had to manually add all sales and inventory. This became time consuming as the business grew. Moreover, there wasn't a way to add Stripe, Square, or Amazon Payments.

Capterra-loader

Generally a really good app,

Mar 21, 2018
4/5
Overall
5 / 5
Ease of Use
3 / 5
Features & Functionality
5 / 5
Customer Support
5 / 5
Value for Money
Likelihood to Recommend: 8.0/10 Not
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Pros: Free, very easy to set-up & connect bank accounts/Stripe & personalise the default invoice. Very easy to navigate around. Creating an invoice is very quick & easy.

Cons: The recurring invoice function should be available via the mobile app; this seems like a massive oversight to be left out!

More payment integrations other than Stripe should be available, such as PayPal, WorldPay ect..

A very handy free accounting tool for small businesses

Mar 20, 2018
4/5
Overall
3 / 5
Ease of Use
5 / 5
Features & Functionality
4 / 5
Customer Support
5 / 5
Value for Money

Pros: It automatically pulls business transactions from my bank accounts and will try to guess what type of transaction it is, saving me a lot of time each month. Sending invoices is super easy and does auto-reminders too!

Cons: It gets a bit confusing when working in different currencies unless you're a trained accountant and you know what you're doing!

Great accounting software for small business.

Mar 20, 2018
5/5
Overall
5 / 5
Ease of Use
5 / 5
Features & Functionality
5 / 5
Customer Support
5 / 5
Value for Money
Likelihood to Recommend: 10.0/10 Not
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Pros: All online and easy to set up and use. Links direct to our business bank account so transactions are automatically populated. Lets you see real time your Income Statement, Balance, Invoices, transactions etc. Great piece of software and highly recommended.

Cons: It is a little slow at times. And selecting dates can be a bit clunky. But this is just me being picky. Pros far outweigh these.

Overall: Easy to use, live reports, integration with business bank account. Can see when invoices are viewed by customers. Can also access through mobile App as well as desktop. Great accounting software.

Capterra-loader

Free and great accounting solution

Mar 19, 2018
4/5
Overall
4 / 5
Ease of Use
4 / 5
Features & Functionality
5 / 5
Customer Support
5 / 5
Value for Money
Likelihood to Recommend: 8.0/10 Not
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Pros: It makes your accounting needs free. You can also use it as a payment processor with a commission. Detailed functionality is very good. You can group your expenses or incomes and see a very nice report. You can also create separate accounts for separate firms.

Cons: A bit slow and import functionality can be improved. For example, when you import some data (for example from a bank) you should be able to review and delete some of them.

Capterra-loader

I've used this app for some clients that are small business and it does the job.

Mar 15, 2018
4/5
Overall
5 / 5
Ease of Use
3 / 5
Features & Functionality
5 / 5
Customer Support
5 / 5
Value for Money
Likelihood to Recommend: 8.0/10 Not
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Pros: The main good thing is that its free, thats great for someone how's starting a new independent business. I'm the kind of guys thats always paying attention to the details and the good working of the things, and I think working on this software is just perfect for th new businnes owners, with a little professional advice they can have an excelent accounting book.

Cons: It has some background issues, but they are passable things. Sometimes the bank account stops being refresh. The number of reports are small nevertheless as I mentiones before this is a software for small business

Overall: If you are an small business you can use this app, it saves you some money and it does everything you would need for a time.

Capterra-loader

Seriously Free. Serious.

Mar 14, 2018
5/5
Overall
5 / 5
Ease of Use
4 / 5
Features & Functionality
4 / 5
Customer Support
5 / 5
Value for Money

Pros: When I was just inking out a new Agency i was trying to save where possible since most expenses went on my credit card. Naturally, and with little research I signed up and smiled at the savings. I then panicked and thought what if this is some lite version or a scam that now has all my banking info! Quickly I logged in and toured the app. My mind was blown away by the fullness and functionality of this system. For the past decade I have been a regular user of a competitor. The offerings in Wave rival the offerings elsewhere. What stood out was the ease of getting it setup specifically for a smal Business. I know it can scale with us but may not be my solution long term but then again it could be. For now, it does everything I need it to and then some. The interface is pleasing and clean. The best part is the way you input is natural to the way I think and enter info. No gimmicks, no feeling inadequate, no hard sales, no nonsense- just a great App to make your new venture financially strong without killing your cash flow.

Accounting, with all the bells and whistles, no costs.

Mar 14, 2018
5/5
Overall
5 / 5
Ease of Use
5 / 5
Features & Functionality
5 / 5
Customer Support
5 / 5
Value for Money
Likelihood to Recommend: 10.0/10 Not
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Comments: My business accounting needs are not big. My business is small and provides a limited number of offerings that are easily tracked with any application. So, when I was looking for an accounting solution to further simplify and automate some functions, I was surprised at the number of products and the wide range of prices out there. I stumbled across Wave by accident and decided to give it a try. Besides being free, the list of standard features was greater than all other products out there... from free competitive services to paid basic subscriptions. Wave is truly amazing and I have found it extremely helpful. I use it primarily to bill clients: I create invoices, submit them via email, receive payments online, and request receipts to be sent to clients after payment. Wave provides notifications and simplifies all of my accounting in one place. I would not use any other product.

Pros: Wave is free, and packed with features one would typically pay for in other premium products. Wave is the perfect accounting solution for small businesses. For starters, it offers all the essential features ANY business needs... plus more. Manage estimates, invoices, and statements with ease. It even supports recurring invoicing, manage payments, and build a massive library of products and services to choose from for your estimates and invoices. Wave even manages receipts, bills and vendors to track expenses. Like more control than just simple single entries? Wave supports traditional double-entry accounting as well, for increase control of your business accounting needs. Need to accept credit card payments? Wave has a built-in merchant account feature that let's you collect payments online through your invoices. Make email invoices, or attach them as PDF files. And when you get paid, Wave notifies you. Funds are transferred to your connected business account in a couple of days. Reporting? Wave has you covered. All essential reports are available at your fingertips: financial statements, taxes, customers, vendors, and other general reports. And if your business has employees, Wave can handle your payroll. But this feature is a premium... everything else is part of your free account.

Capterra-loader

Easy & Great App

Mar 14, 2018
4/5
Overall
5 / 5
Ease of Use
5 / 5
Features & Functionality
4 / 5
Customer Support
5 / 5
Value for Money
Likelihood to Recommend: 9.0/10 Not
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Pros: I am using Android & the app is easy to use & very functional. Invoicing is straightforward, emailing clients simple. It is also easy to setup reoccurring payments for clients that are billed the same each month.

Cons: Mobile app is limited in what you can do but offers more than most apps.
Cannot set up multiple emails on client for invoices.

Overall: Invoices are easy &, getting paid is quick.

No customer support makes this a poor option

Mar 14, 2018
3/5
Overall
4 / 5
Ease of Use
2 / 5
Features & Functionality
1 / 5
Customer Support
2 / 5
Value for Money
Likelihood to Recommend: 2.0/10 Not
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Pros: It's easy to use and when it works it's great. Generates invoices beautifully and simply. The visual display is good and easy to follow.

Cons: Wave stopped linking to my bank account. I've been trying to get help for over 2 weeks now...which makes this software pretty well useless as far as I'm concerned. I'd rather pay for something that works than have something that doesn't, free. Also - hard to find the 'send a receipt' function and it doesn't come up in search. Likewise, generating quotes.

Amazing functionality and performance for FREE

Mar 13, 2018
5/5
Overall
5 / 5
Ease of Use
5 / 5
Features & Functionality
3 / 5
Customer Support
5 / 5
Value for Money
Likelihood to Recommend: 10.0/10 Not
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Pros: This software has the functionality of the major front-runners in accounting software for no cost at all. The functionality is great and the UI stands up against the likes of Quickbooks Online and Xero.

Cons: The customer service was a little slower than I would expect (+3 days for a response) but then again, I'm not even paying for the service by this stage.
I have experienced some low-level display issues on the dashboard screen while using my Macbook Pro (13") laptop.

Overall: For software that is free (!) this product is an absolute treasure for any small business. I can connect my bank, raise great-looking sales invoices, auto-chase bill payments as well as create cash-flow forecasts, all without spending a penny.
I would recommend this to software to any business owner, all day!

Wave has made invoicing and keeping track of payments easy!

Mar 13, 2018
5/5
Overall
4 / 5
Ease of Use
4 / 5
Features & Functionality
5 / 5
Value for Money
Likelihood to Recommend: 9.0/10 Not
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Pros: Very easy to track invoices. At a glance you can see what invoices have been created and which ones are overdue. You can accept payments online as well. I love the ability to export PDF copies of the invoices. Branding your invoice is a big plus as well.

Better programs out there

Mar 12, 2018
3/5
Overall
3 / 5
Ease of Use
2 / 5
Features & Functionality
3 / 5
Value for Money
Likelihood to Recommend: 5.0/10 Not
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Pros: Wave is simple, so if your business model is simple, this product will work for you. The reports are very straightforward. It can also map transactions directly from your bank account.

Cons: Response times for large amounts of data are slow. Functionality is also somewhat limited. You cannot perform complex transactions. Very unilateral

Too long for payouts

Mar 09, 2018
4/5
Overall
4 / 5
Ease of Use
5 / 5
Features & Functionality
4 / 5
Customer Support
4 / 5
Value for Money
Likelihood to Recommend: 8.0/10 Not
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Pros: I have been using Wave for over a year now, and I often recommend this software to my colleagues. It's easy to use, I love the invoicing, especially the recurring invoicing, and the fact my customers can save their cards on file. I am a small business owner with no employees, so I don't need very elaborate features, and Wave suits my simple needs.

Cons: Because I am a small business owner, every dollar counts, and the speed at which I receive my money from my clients is crucial. It takes FAR TOO LONG to get your payout after a customer has paid an invoice.

Capterra-loader

I love wave! I could not do business without it. It's easy to use, fast, and efficient.

Mar 07, 2018
5/5
Overall
5 / 5
Ease of Use
5 / 5
Features & Functionality
5 / 5
Customer Support
5 / 5
Value for Money
Likelihood to Recommend: 10.0/10 Not
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Pros: I can easily keep track of my expenses and my sales. I know exactly where my business stands financially and have easily-accessed records to prove it all.

Cons: I do with the app worked more like the website so maybe in the future, the two will be more alike. That's really the only area for improvement I can think of.

Overall: I can easily keep track of my sales. The invoices are customizable and can be emailed straight from the program. Everything looks very professional and makes record keeping so easy. I can easily turn the online payment off or on as needed, which is important for a small business although I do love the ability to have my customers pay online if they need to. I truly love that my business stays organized because of Wave. Can you tell I'm a huge fan?

Matches my paper records to the penny

Mar 07, 2018
5/5
Overall
5 / 5
Ease of Use
5 / 5
Features & Functionality
4 / 5
Customer Support
5 / 5
Value for Money
Likelihood to Recommend: 10.0/10 Not
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Extremely
Likely

Pros: User friendly, easy to use, linking bank account, ability to split or delete transactions, ability to track personal and business in one place, receipt scanning

Overall: organization

Wave is a great starting bookkeeping software.

Mar 07, 2018
4/5
Overall
5 / 5
Ease of Use
4 / 5
Features & Functionality
5 / 5
Customer Support
5 / 5
Value for Money

Pros: Wave is easy to use. It has all of the basic functions one would need to start a business. It is free to use, which is amazing.

Cons: It's not incredibly robust, the features are pretty basic, and there are a limited number of reports. This is all fine since it is free.

Great accounting software does the job

Mar 07, 2018
4/5
Overall
4 / 5
Ease of Use
3 / 5
Features & Functionality
4 / 5
Customer Support
5 / 5
Value for Money
Likelihood to Recommend: 9.0/10 Not
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Extremely
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Pros: This software allows you to create great looking and professional invoices, it's easy to use and it's all for free!

Cons: - There is no search option for customers. You have to scroll to the customer.
- You can't have multiple billing email addresses saved under the customer profile. If client requires invoices to be sent to multiple individuals, you have to remember to enter in the additional emails every time you send an invoice to that client
- Unable to save multiple 'ship to' addresses under a customer profile

Best accounting software

Mar 07, 2018
5/5
Overall
5 / 5
Ease of Use
5 / 5
Features & Functionality
5 / 5
Customer Support
5 / 5
Value for Money
Likelihood to Recommend: 10.0/10 Not
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Extremely
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Pros: I am an accountant and run a small business. Wave is such a brilliant software it has everything one could ask for.
Its free
Has the accounting reports
Auto link with bank
Auto invoicing
Personalized invoices

Overall: I love this. This has automated my invoices linked to my bank and minimised the time I spend doing my finances

As a freelancer, it's a simple, streamlined method to keep track of my invoices.

Mar 07, 2018
4/5
Overall
4 / 5
Ease of Use
4 / 5
Features & Functionality
Likelihood to Recommend: 8.0/10 Not
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Extremely
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Pros: It has a clean interface and is very intuitive. Love being able to track which invoices have been sent, and which are overdue for payment. Being able to save clients is great as I mostly bill to the same people, keeping things pretty hassle-free.

Cons: Wish it was a little simpler to export invoices that aren't being sent through the website. I like to save PDFs to my tablet to send later, and while it's great having the option to mark as sent after downloading, I would like the option to simply track it as downloaded, and be able to mark it as sent later just in case I don't immediately send it out after downloading and want to keep tabs on it.

Both my husband and I freelance and Wave makes it so easy to track our financials in one place

Mar 06, 2018
5/5
Overall
4 / 5
Ease of Use
4 / 5
Features & Functionality
5 / 5
Value for Money
Likelihood to Recommend: 10.0/10 Not
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Extremely
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Pros: My husband and I both freelance and use Wave to invoice and track payments. I love that we can quickly switch back and forth between our profiles, and Wave tracks how much we've invoiced, gotten paid, per year or specific time period. It's made taxes so much easier, and budgeting unstable payments much easier because we can see what payments are coming.

Cons: It gets tricky when there are multiple accounts and taxes, I'm not sure still which accounts are what, and it forces you to pick a default account per invoice. There are also so many amazing functions, but it would be good if you could customize what you see.

Overall: Easy finances, collaborating with spouse on invoices

Great Web Based Accounting Solution for my Business

Mar 06, 2018
4/5
Overall
4 / 5
Ease of Use
4 / 5
Features & Functionality
3 / 5
Customer Support
5 / 5
Value for Money
Likelihood to Recommend: 10.0/10 Not
Likely
Extremely
Likely

Pros: I love that this is free and has the ability to do more complicated accounting that my business requires. It has a clean UI, the Receipts app works perfectly, and my client facing invoicing system looks professional. I love that I can set up recurring invoices, different rates for services, payment reminders to clients, and email confirmations of payment. The accounting side has the ability to create more detailed journal entries that my LLC / contractor based business has. And I can run very good reports for data that I need to monitor. And so far the entire software has every feature that I've needed.

Cons: When you go to create a new expense account, you can't just add a new one, you have to change the name of an existing option in their system. It's a bit weird and annoying, but small price to pay for free and useful software. Also I don't actually have Wave synced with my bank account. I did that initially, then realized if I load a receipt, it was double booking my entries (1. the receipt I uplodaded and 2. the transaction from my bank account). Turns out this is common with accounting softwares and most people I talked to don't sync their bank accounts for this very reason. Again, small price to pay for a great software, and it's really super quick for me to enter my transactions as my way of reconciling my bank account.

Overall: I now have a very clean and easy to understand accounting and invoicing software. It's a quick learn and easy and fast to use so I can focus on my clients.

Great free accounting

Mar 05, 2018
5/5
Overall
5 / 5
Ease of Use
5 / 5
Features & Functionality
5 / 5
Customer Support
5 / 5
Value for Money

Pros: I use Wave for accounting on daily bases,
Cloud hosted means we can login from around the globe and on the go,
Love the simple invoices, send to clients, with option to pay,
Also good to keep track of bills as well as good reporting

Cons: Nothing not to like, as its free,
What could improve is credit card service customer support, slow to reply to message

Good forbasic Bookkeeping

Mar 01, 2018
3/5
Overall
5 / 5
Ease of Use
5 / 5
Features & Functionality
1 / 5
Customer Support
Likelihood to Recommend: 5.0/10 Not
Likely
Extremely
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Pros: The software itself is great for a free program, it has a very clean user interface. Simple to set up and use

Cons: They seriously need to work on the payment processing. I ended up refunding a client only to reprocess through Square. I would rely on running my payroll with this company

I'm currently using the free version of Wave Apps and it has been amazing.

Mar 01, 2018
4/5
Overall
5 / 5
Ease of Use
4 / 5
Features & Functionality
4 / 5
Customer Support
5 / 5
Value for Money
Likelihood to Recommend: 9.0/10 Not
Likely
Extremely
Likely

Pros: I love how easy it is to send invoices and track payments. It keeps thing organized which I'm sure will come in handy come tax time

Cons: It would be great if there was an easier way to track expenses; specifically a way to store photos of receipts.

Using Wave is a way to take away the accounting stress for small business owners.

Feb 28, 2018
4/5
Overall
4 / 5
Ease of Use
4 / 5
Features & Functionality
4 / 5
Customer Support
4 / 5
Value for Money
Likelihood to Recommend: 8.0/10 Not
Likely
Extremely
Likely

Pros: I loved the fact that it had so many ways to pull data from my other revenue accounts and that I could access all of that information online.

Cons: I received quite a few emails from them and I felt they were excessive since I didn't need to be convinced about the software's functionality.

Overall: It is easy to use. It is very intuitive. It is very easy to understand, especially if you have to reclassify an expense item.

Easy to use, makes invoicing quick and easy

Feb 28, 2018
5/5
Overall
5 / 5
Ease of Use
3 / 5
Features & Functionality
5 / 5
Customer Support
5 / 5
Value for Money
Likelihood to Recommend: 7.0/10 Not
Likely
Extremely
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Pros: Easy and quick. Nice to duplicate invoices. I like the recurring invoice feature and that you can customise emails and messages.

Cons: I wish it had a feature to attach a contract to the invoice, like some other accounting software has. I would like to see a feature where you can charge 50% of the invoice without having to change the item from 1 to 0.5

Overall: It makes invoicing quick and easy

Feature-filled, easy to use, cloud based, mobile-friendly

Feb 27, 2018
5/5
Overall
5 / 5
Ease of Use
5 / 5
Features & Functionality
5 / 5
Value for Money
Likelihood to Recommend: 10.0/10 Not
Likely
Extremely
Likely

Pros: I love the financial reporting, UI, the ability to integrate my financial institutions' credit/bank cards for automatic posting, and the ability to photograph receipts. The option to upgrade to the payroll function is nice, because if it isn't something you need, you don't have to pay for it. Easy to export data for your accountant, too!

They keep getting better and better

Feb 26, 2018
5/5
Overall
5 / 5
Ease of Use
5 / 5
Features & Functionality
5 / 5
Customer Support
5 / 5
Value for Money
Likelihood to Recommend: 9.0/10 Not
Likely
Extremely
Likely

Pros: I switched from Quickbooks to Wave and so far I just love it. They have most of all the same features the only difference so far that I see is that Wave is Free. Super happy so far!

Cons: They don't have a mobile app yet, but hopefully they are coming out with one soon and I wish they had the same reports as Quickbooks, not a game killer since it is free.

Great free bookkeeping software that does everything we really need

Feb 17, 2018
5/5
Overall
5 / 5
Ease of Use
4 / 5
Features & Functionality
4 / 5
Customer Support
5 / 5
Value for Money
Likelihood to Recommend: 10.0/10 Not
Likely
Extremely
Likely

Pros: For a small business like ours, Wave has pretty much everything we need for invoicing and tracking expenses. There are certainly other cloud services that we looked at, Wave has everything we need and without any monthly fees. Taxes this year were straightforward with the reporting features as well.

Cons: It takes some using to get used to the interface and find out where everything is. Once it's set up though, the actual time spent in-software each week is very small.

Overall: Free accounting software that works!

Wave - Not for Me

Feb 16, 2018
3/5
Overall
3 / 5
Ease of Use
3 / 5
Features & Functionality
Likelihood to Recommend: 5.0/10 Not
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Extremely
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Pros: It is nice that they have a Google App shortcut if you are a Google based company. Quick initial setup

Cons: No mobile app. Coming from Quickbooks, I had a hard time getting started with Wave. It wasn't setup the way I expected an accounting software to be setup. Eventually I gave up and went back to Quickbooks

No complaints, easy set up easy to use.

Feb 15, 2018
5/5
Overall
5 / 5
Ease of Use
5 / 5
Features & Functionality
5 / 5
Customer Support
5 / 5
Value for Money
Likelihood to Recommend: 10.0/10 Not
Likely
Extremely
Likely

Pros: Free invoicing, easily integrates with payment processing. Looked into others with various fees, tried this because it was free to try and stayed with it.

Overall: We have used this for months, it was down one time for a few minutes but we were back up and no issues since.

I LOVE Wave Accounting - a quick and easy way to keep track of my accounts

Feb 15, 2018
5/5
Overall
5 / 5
Ease of Use
5 / 5
Features & Functionality
4 / 5
Customer Support
5 / 5
Value for Money

Pros: The ability to quickly generate repeat invoices, meaning that my monthly invoicing is fast and hassle-free!
I also love the fact that I can set payment schedules and send reminders when necessary.
Being able to send invoices in multiple currencies is also great when working for companies in different countries.
Having the ability to register different businesses as the same user is also incredibly helpful.
Also, the fact that Wave is FREE is amazing! Using Excel or something similar to create invoicing and accounting tracking like this would take me such a long time.

Simple, excellent and recommended for startups / sme's

Feb 15, 2018
4/5
Overall
5 / 5
Ease of Use
4 / 5
Features & Functionality
5 / 5
Customer Support
5 / 5
Value for Money

Pros: Easy to use
Adaptability
Interface with bank account
Auto classification of credits and debits
Trusted account products

Cons: Compatibility with other banks also
Need to have more banks on board for integrations
Give some free Usage for startups

The best accounting app for all small businesses!

Feb 14, 2018
5/5
Overall
5 / 5
Ease of Use
5 / 5
Features & Functionality
5 / 5
Customer Support
5 / 5
Value for Money

Pros: Wave apps is an amazing accounting software and above all it's free. Of course he free part is the best part. Not only it's jus free but it is designed beautifully and very user friendly.

Cons: It doesn't keep a count of it so you have to manually enter it. It's not a big inconvenience but sure would help a lot.

Overall: It would be very helpful to have an auto bill number feature. Every time you create a bill for your purchases it gives you an option to create a bill number (similarly to invoice number for invoices).

I love Wave Accounting for my small simple business. It's simple and powerful.

Feb 14, 2018
4/5
Overall
5 / 5
Ease of Use
3 / 5
Features & Functionality
3 / 5
Customer Support
5 / 5
Value for Money

Pros: It's so simple to use and easy to bill clients. I've found collecting to be easier as I've been able to store CC's on file. I also like the design and look and feel of invoices etc... to my clients. That is important to me since I have a design oriented business.

Cons: Lacks some functionality of other accounting software I've used and I have to employ a few workarounds.