Wave Apps

Accounting by Wave

4 / 5 236 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

236 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
  • Cash Management
  • Collections
  • Consolidation / Roll-Up
  • CPA Firms
  • Expense Tracking
  • Fixed Asset Management
  • Fund Accounting
  • General Ledger
  • Government
  • Multi-Currency
  • Payroll
  • Project Accounting
  • Purchasing
  • Revenue Recognition
  • Spend Management
  • Tax Management
  • Trust Accounting
  • Accounts Payable
  • Accounts Receivable
  • Bank Reconciliation
  • Billing & Invoicing
  • Cash Management
  • Collections
  • Expense Tracking
  • Fixed Asset Management
  • General Ledger
  • Payroll
  • Revenue Recognition
  • Spend Management
  • Tax Management

Accounting by Wave Reviews Recently Reviewed!

Easy to use and helpful

Nov 19, 2017
5/5
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
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Pros: This is great for the very new or very small business. It's easy to use and has all of the basic features that you will need for an unbeatable price.

It's very easy to use and the documentation and support have been very helpful. There is no phone option but live chat is available and I have never had to wait more than a day for an e-mail response.

It is truly free to use for accounting. You have the options of accepting credit card and bank payments for a very competitive rate. The only other cost is for payroll if you were to use that feature.

The software is in active development and since I started using it they have added great features such as Invoicing app, recurring payments, and bank payments and it keeps getting better.

Cons: Limited reporting, you get all of the basics that you will need to measure your financial health, receivables, etc but there are no custom reports. While you can very easily reconcile your bank account, you can't print a reconciliation report.

There is no class/job tracking feature and while it looks like many users have requested it, it doesn't look like the developers are planning on implementing it anytime soon. So if your business needs this feature, this is not the right option for you.

Overall: Easy, almost fully automated bookkeeping. The invoicing and payment features automatically updates my books when I get paid, the bank connection means that I only have to reconcile my account to make sure everything is ok.

Comprehensive tool for those who don't comprehend accounting

Nov 16, 2017
5/5
Overall
5 / 5
Ease of Use
5 / 5
Features & Functionality
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Pros: I really like the ease of setting up shop (so to speak) and easily put in all the information. For the fee-for-service features like payroll, it is reasonable and easy to use, and the invoicing is made so easy with templates, automated reminders and receipts.

Cons: I wish there was a feature that allows more than 1 account holder to modify/manage the account. As a collaborator, I don't have access to the payroll and my partner finds it a bit overwhelming that we can't both do it.

it is an application very similar to the others

Nov 15, 2017
3/5
Overall
3 / 5
Ease of Use
3 / 5
Features & Functionality
4 / 5
Customer Support
4 / 5
Value for Money
Likelihood to Recommend: 8.0/10 Not
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Pros: It is easy to use and it is not a challenge to adapt to it if you have accounting knowledge, it is quite similar to those found in the market

Cons: I did not find something that adds value to decide to use it for longer compared to other platforms, maybe it's very basic

I use this software for invoicing and credit card option for my clients, and I love it.

Nov 14, 2017
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: It's free (except for credit card usage and a few other things. It's professional, looks great and keeps things organized for me. I haven't used all the options, as I haven't needed to as yet, but I'm looking forward to using more of the tools available to me.
I can send invoices directly from the software or download a pdf and just attach it to an invoice. I can see if a client has opened and seen the invoice. It tells me what invoices are overdue, and I can send a reminder. I can customize the look with my logo, and my colour scheme. Once set up, it's so easy to use.

Cons: The receipt that you can send to your client to state that the invoice has been paid, is a bit cheesy. It has a PAID 'stamp' at the bottom, it kinda looks cheap, it could be classier.
Also, the 'services' sections, where you can put your services and the price, and select to place in the invoice is unalterable once used in an invoice. You can't remove it from the list, or else you will delete the invoice in question. My services list is soo long because of this and is annoying to find the correct one.

Provides basic accounting with the best price (none!) and functions 95% of the time.

Nov 11, 2017
4/5
Overall
4 / 5
Ease of Use
4 / 5
Features & Functionality
3 / 5
Customer Support
5 / 5
Value for Money
Likelihood to Recommend: 8.0/10 Not
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Pros: The cost
The relative ease of use
Easy to understand reports
Helpful for end of year taxes and business financial review
It's great that it imports directly from my bank account so I don't miss accounting

Cons: Customer support is only via Email with the free version. While it imports most of the time, about once a month I have to wait a week before it integrates my bank transactions. Every now and then it duplicates entries and I have to watch for that. It also offers no directions on what accounting terms mean. I am a small business owner with no accounting experience - a little help in that department would be nice.

Overall: It's no cost and it helps me keep track of where my money is going, and provides reports for taxes at the end of the year.

The best free accounting software

Nov 09, 2017
4/5
Overall
4 / 5
Ease of Use
4 / 5
Features & Functionality
3 / 5
Customer Support
5 / 5
Value for Money
Likelihood to Recommend: 7.0/10 Not
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Pros: The price is the biggest pro. They do offer some paid services as well but for a freelancer the free version does a lot.

Cons: Recurring billing was the biggest issue that I had with Wave. I believe that they may have resolved this now. I would actually consider going back to Wave, but bringing over history from another software is a lot of work

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Is a great software and it's free! I save a lot of time using it for my small team.

Nov 08, 2017
5/5
Overall
5 / 5
Ease of Use
4 / 5
Features & Functionality
5 / 5
Customer Support
5 / 5
Value for Money
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Pros: I love the UX/UI design and that is very intuitive, I'm not even close to being an expert at financing so I appreciate that the software is: easy to use, has advanced features like custom taxes and schedule invoices, allows some customization and it's FREE.

Cons: It has two mobile apps but must of the features that I normally use are not in the apps, and the web main version It's not mobile friendly at all, I would love to see more customization options for the invoices and estimates because I normally have to manually edit the pdf exports in order to add more specific information.

Overall: I can manage the finance and make invoices and estimates in a rush, it has all I need at the best price. Free.

I love this accounting software, it's easy enough to use by myself and lets me keep things simple

Nov 07, 2017
5/5
Overall
5 / 5
Ease of Use
5 / 5
Features & Functionality
5 / 5
Customer Support
5 / 5
Value for Money

Pros: simple and easy to use. I am a novice and am able to configure things the way I need to. It lets me use it just for what I need without a lot of complicated instruction and things I don't need

2 years as primary user

Nov 07, 2017
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: Price (free!), Bank integrations, simple interfaces that cover all the basic necessities of running a company.

Cons: 2 big things. 1) the category guessing of charges is not good. 20 charges a month to ABC Parking and Wave doesn't know to guess it's Parking. 1a) there's no memorization of transactions (so you can't teach it). 2) the reporting is really basic and simple. I can't even break up an annual P/L by quarters. So I have to export to google sheets to make any reports or charts.

Overall: It saves me from very expensive, bloated, terrible accounting software.

Great software that makes accounting easy

Nov 07, 2017
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 have been using Wave for several years and its really great software for accounting. Its easy to use and most of all its free.

Cons: There are a few niggles but nothing massive. It would be good to have the ability to set up reoccurring transactions that are not bills.

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Wave Saves Me Time

Nov 02, 2017
4/5
Overall
4 / 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 like that I can connect easily connect to see my current bank balances, create & send invoices, record payments, run reports, and send reminders.

Cons: Sometimes the connection to my bank or credit card needs to be reset. This is most likely because of security issues with the bank, and I'd rather have more security than less.

Overall: Saves me time, keeps me track, allows customers to pay online, great customer service, no software to download.

I've used Wave for a number of years. They have shown continuous improvement and it is excellent.

Oct 19, 2017
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: Their business model. The software is free until you have payroll. They also make money through advertisements and through commissions on credit card payments made to you, so they have a very strong business model. I also like how easy it is to use and the huge number of banks that the software integrates with. I am also very impressed with the recurring/automatic invoicing feature and the ability to accept credit card payments for an invoice. I use this software for my part-time side business.

Cons: I don't like that they just removed the personal finance portion of the software. It had suffered a just a little in features compared to at least one competitor. I do, however, understand Wave's desire to focus on the business sector.

Overall: Keeps my side business's accounting records in order effortlessly.

Terrible reliability, terribly irresponsible management, poor customer support.

Oct 14, 2017
1/5
Overall
1 / 5
Ease of Use
1 / 5
Features & Functionality
1 / 5
Customer Support
1 / 5
Value for Money

Pros: Fun to use when it works but that's about it. The issues with reliability far outshine anything this system does above its competitors.

Cons: System is completely broken (duplicates transactions, misses transactions) which makes your book keeping basically useless because you can never rely on it to be reliable. Management just brushes this aside and ignores customer support emails. Their system misses deposits (potentially worth thousands of dollars to you and hence with a very real negative financial impact) and just act like it's not big deal.

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I use wave accounting for my small business

Oct 12, 2017
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 like that its free, the business model of allowing me to take payments in the future allows me to grow into it.

The ability to use the mobile apps to input my receipts and invoices makes capturing that data really easy.

Overall: Ease of use in a market saturated by complexity.

It's free.

It has made my accounts much easier to keep upto date

Oct 12, 2017
5/5
Overall
5 / 5
Ease of Use
5 / 5
Features & Functionality
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Pros: Linking to your bank account and importing the transactions into final account reports, like Trial Balance, P&L and Balance sheet. It also creates a pie chart to display spending in categories. On a month my month basis of income and expenditure for current and comparative years

Cons: The main website is not optimised for moblie. Only invoices and receipts can be used on mobile which hinders the user if the accountant needs reports to be sent

Customer service is non-existent when my money is missing

Oct 12, 2017
1/5
Overall
2 / 5
Ease of Use
4 / 5
Features & Functionality
1 / 5
Customer Support
2 / 5
Value for Money

Pros: Price - but I guess you get what you pay for. It is generally easy to set up on the accounting side.

Cons: Don't believe their marketing about their new "easy" accepting of payments. They haven¿t gotten their new payments system figured out and you have no way to get a hold of anyone there quickly. They don¿t test the bank connection. Even though they pull transactions from my bank account, that doesn¿t mean they are able to push payments to the same account. Wave says money should be in my bank account that isn¿t there and I can¿t get them to respond. It¿s been a week and they keep asking me for the same information over and over. They were fine with just the accounting end, but I've spent hours on this problem and I get little response from them. I actually had to delete out all my invoices, communicate with my clients and resend via PayPal because I was afraid I wouldn't get my money. My bank says that the information Wave requested to link to my bank account isn't even what my bank would need to process the incoming payment. I have no idea where my money is...luckily it was only a test transaction. Very angry customer. Don't make my mistake.

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It's free, which makes it great, but it's rather slow and not terribly intuitive

Oct 10, 2017
4/5
Overall
3 / 5
Ease of Use
3 / 5
Features & Functionality
5 / 5
Value for Money
Likelihood to Recommend: 7.0/10 Not
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Pros: My favorite thing about Wave is that it's free, plain and simple. For any organization that doesn't have complicated books, Wave is a great option that gives you all of the basics. Hooking up accounts is easy, even exporting your financials for an account is relatively easy.

I also love their new invoicing platform. It makes nice looking invoices, and so we exclusively make our invoices through them now. We don't have high volume, but I'm happy I don't have to use an external additional piece of software to do invoices.

Cons: The UI is clunky, often slow, and labeling transactions is a chore. On Mint.com labeling and adjusting all your various transactions is really quite straight forward, but on Wave I gave up on it quite awhile ago. To be honest, the biggest issue can be boiled down to not having one option: "Always categorize this option as xyz"

What makes Mint.com WAY less tedious is that if I see "Google Apps Svc" on my transactions, I can change that to Software Expenses and hit a button that says "Always Categorize transactions from them as Software Expenses" - boom, never have to do it again.

With Wave, every single time it miscategorizes the same thing, you have to go in and change it to the right thing again. This makes it such a pain, so I have to set aside time every few months to go in and change the categories.

Overall: I don't have crazy complicated accounting needs, so Wave is perfect due to the fact that it's free and works well enough. Diving into other accounting software would only be worth it if you have a lot more transactions and more complicated tax scenarios, but if you don't then save your money and use Wave.

Free use for 5 years - crucial accounting for my for-profit and young non-profit business.

Oct 10, 2017
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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Comments: I would definitely recommend this as a starter accounting system for any business.

Pros: Intuitive; clear transactions and reports. The fact that it was free was an unbelievable plus - I would have paid a small amount monthly.

Cons: Can't do non-profit fund accounting - my nonprofit organization grew to require 3 funds, and outgrew Wave. Wave is fine for the for profit business.

Simple Back Office Accounting

Oct 10, 2017
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
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Comments: Wave seems to be a company looking toward the future for small businesses. With their affordable, cloud based solution they also offer a receipt app for adding images to the expense files. There are many other integrations I expect to use in the future via the Wave Zapier connection. I have been using it for a year now and am just so pleased with how Wave works.

Pros: For small studios, new and busy entrepreneurs who trying to generate enough revenue to hire or outsource the accounting functions, Wave is like an answer to prayer. It is easy to open an account, it has all the accounting ledgers that the tax accountant needs, it connects to read-only of bank accounts and credit card accounts, and did I mention it is a free cloud-based solution. The user interface is easy to understand. You can create and send invoices as well as connect a business bank account to receive payment with Credit or Debit cards. The bank fees are the same as other payment processors at 3% currently. The invoicing function allows for automatically reminding clients when their invoice is getting close to being due and when it is overdue. Once the money is received it is a simple click or two to mark the invoice paid and tell it which account the money was received into. Like other complicated accounting software, Wave allows for setting up products, sales tax and customers. Unlike the complicated ones, it is easy to do. Running sales tax reports is a piece of cake. There are options for running employee payroll, too. All in all, because of the Wave accounting solution, I am no longer afraid of the books and can easily keep up with the administration of the financial side of my business.

Cons: It would be helpful if there were more tutorials available, but because the program is easy to set up, it has not been a big problem to figure things out or find third-party tutorials online.

Fantastic tool--a must for freelancers

Oct 10, 2017
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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Pros: I love the features in Wave's accounting tool. I can send estimates and invoices, collect payments online, and so much more. Plus, it's free. This platform is an absolute must for freelancers. It's helped me stay on top of things, and it's easy to use.

Overall: The ability to send professional-looking invoices and estimates, collect payment online, and track all income and expenses. Did I mention it's FREE?

Perfect for freelancers!

Oct 05, 2017
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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Pros: I use Wave to track expenses, revenue, and invoicing for my freelancing, and I absolutely love this app! Both the mobile and web versions have easy to use interfaces, and I appreciate the constant updates to the iOS app. I love that the app is simple to learn and simple enough for my needs, yet still produces complex reports that I don't have to pre-configure. I use the free version and it has suited my needs. I'm able to put my own logos on the invoices to give them a professional look. I have not yet used Wave Payments but I like that the option is there.

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Utterly Amazing!

Oct 05, 2017
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: All the functionality i need as an entrepreneur, all the time. Managing multiple businesses is a dream.

Cons: Credit Note functionality needs to be included. That's my only gripe and it's a small one if we're honest cos there are workarounds.

Overall: Simple, managed accounting of all my businesses. Love it

Wave is easy to use, FREE accounting software, perfect for solopreneurs

Sep 20, 2017
5/5
Overall
5 / 5
Ease of Use
4 / 5
Features & Functionality
4 / 5
Customer Support
5 / 5
Value for Money

Pros: It's easy to use and it's FREE! I love it at tax time, as it makes it simple for me to get things ready for my accountant.

Cons: A couple of things aren't terribly intuitive but nothing too serious. I think I need to try more of its features.

Simple, Cloud-Based, and Integrates Well

Sep 18, 2017
5/5
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: Invoicing has improved greatly with the additional of bank transfers (fee is 1%) so you can kiss the 3 or 4% credit card fees goodbye. This may not make a huge cost savings for those businesses with small ticket items but higher priced ticket items using the bank transfer option save a good chunk of change. Invoices are easy to generate and pay either via the desktop or mobile application. Our organization has multiple banking accounts and we use this tool to consolidate it all into one report. Reporting is solid and meets our basic needs for balance sheet, aged accounts receivable and income statement.

Cons: A stronger mobile app for handling accounts payable or pulling an income statement or balance sheet reporting is missing so getting the latest sales figures on your mobile device while your boss is calling you in a panic can be a bit tricky. Extracting the raw data is a bit tricky by having to run transactional reports but overall this still works pretty well.

Overall: Simple, easy to use, consolidates many banking accounts into a single reporting system, good invoicing features and the mobile app for invoicing is pretty good.

Excellent software

Sep 15, 2017
5/5
Overall
5 / 5
Ease of Use
5 / 5
Features & Functionality
5 / 5
Customer Support
Likelihood to Recommend: 10.0/10 Not
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Pros: Ability to switch easily between multiple businesses. Receipts app goes with it to track expenses. Easy to send invoices

Cons: Canno change which account receipts come from on mobile app. Occasional crash when accessing mobile device contacts

Love how easy it is!

Sep 14, 2017
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: I like how it is simple and free. They do monetize with processing fees but I have no problem paying that.

Cons: I don't like how it is sometimes slow, when i click to go the next screen the loading time is forever.

Overall: Free accounting

Excellent for SME

Sep 14, 2017
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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Comments: Over all I would definitely recommend this product to the small business owner.

Pros: This product, being free, is extremely well created. It is easy to use and you can start invoicing in a few minutes. The reminder functions are very useful.

Cons: There is currently no credit note function which would be nice to see. The scan of expenses/receipts takes very long and is a hindrance if you have a large amount of transactions to record.

Free accounting tools that work!

Sep 13, 2017
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
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Pros: I love Waveapps recurring billing features. Its easy to set up and easy to manage. Clients can save their credit card or pay by bank draft. I don't have to manage multiple payment setups, I just send an invoice from Waveapps and they pay how they want to. If the customer is in the store I can just process their card by typing in the details. Receipts to my clients and from my spending are just as simple. As well, I get a view on my company and personal finances anytime I need it. There is an app for receipts and for invoicing/payments.

Cons: I would love to be able to produce better reports to provide my accountant with for tax purposes. I would love an app that allowed me to log in to my full account from my phone.

Overall: Saved my from making bad decisions with money as a new business owner and it has simplified my billing process!

Great Basic Accounting!

Sep 11, 2017
4/5
Overall
4 / 5
Ease of Use
5 / 5
Features & Functionality
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Pros: Wave has made it very easy for me to do accounting for my small business. It's easy to use for a non technical person and easy to stay on top of my finances.

Cons: I would would like to see more tax support and the ability to calculate deductions are two features that small business owners need. A project management feature would also be a nice touch.

overall decent

Sep 07, 2017
4/5
Overall
4 / 5
Ease of Use
5 / 5
Features & Functionality
4 / 5
Customer Support
5 / 5
Value for Money
Likelihood to Recommend: 8.0/10 Not
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Comments: great for minimal accounting use

Pros: its free! great for personal finance tracking and for smallll businesses. get interface and easy to learn.

Cons: the receipt function duplicates transactions. and their customer support is quite slow and lacking. you have to pay to get support you need.

Great for a micro business

Sep 06, 2017
5/5
Overall
5 / 5
Ease of Use
4 / 5
Features & Functionality
3 / 5
Customer Support
5 / 5
Value for Money
Likelihood to Recommend: 8.0/10 Not
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Pros: Allows more accounts than the Zoho basic account Easy to use, creating invoices is faster than Zoho Has been getting better, new features are nice to see

Cons: Reporting is rather basic and some menus are not well thought out Not as full featured as some paid version like Zoho

We use Wave to consolidate our expenses and revenue.

Sep 05, 2017
5/5
Overall
4 / 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: Simple to use interface. The dashboard is very clean, and connecting your accounts is fairly easy to do.

Cons: There are a lot of options, and sometimes it does get overwhelming, but they do have a thorough help section to find answers.

Trialled extensively, but can't use yet, due to key missing capabilities for use in New Zealand.

Aug 30, 2017
4/5
Overall
3 / 5
Ease of Use
3 / 5
Features & Functionality
4 / 5
Customer Support
5 / 5
Value for Money
Likelihood to Recommend: 6.0/10 Not
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Pros: The interface is straightforward , not only easy but enjoyable and aesthetically pleasing to use. All of the required, end of year accounts reports are provided. The interface for dealing with downloaded transactions (de-duplicating etc) is quite good. Its great that you can give others, particularly accountants limited on-line access to the accounts. Generally, product queries are answered within a day or so.

Cons: Assumes accrual accounting, doesn't work with cash based. Cashed based sales tax (GST, VAT etc) isn't supported. Bank direct connection security breaks bank rules (in this country at least). The API is very limited, doesn't support transaction reporting. The application doesn't handle recurring purchases, or provide any kind of memorised transactions. The complete separation of bills vs receipts seems strange, as receipts are effectively just bills that have been paid immediately. You can take photos of receipts to keep instead of paper but not bills.

Overall: Unfortunately none yet,as it is missing some key accounting features that are essential for using it in New Zealand if you are registered for cash based GST (sales tax).
This may not be a drawback at all in other jurisdictions.

best free accounting software

Aug 29, 2017
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: free, intuitive, easy to learn and use, has been in market for quite some time and has been growing strong. strong userbase and customer care guys are pretty responsive.

Cons: The monthly graph filter is not easy to use. Not many customization options with launch of new features randomly some old features are taken off. The UI of invoices has been pretty amateurish lately

Wave is a great option for Canadian businesses!

Aug 16, 2017
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 payroll functions and overall ease of use. Wave offers connection to your bank so transactions are downloaded automatically and also has Canadian payroll.

Cons: Not as robust as some other platforms but it is improving by leaps and bounds while others stay stagnant. And it gets the job done and done well!

Great alternative to QuickBooks

Aug 15, 2017
5/5
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: For free software you can't do much better. Feature rich, easy to navigate and intuitive. Great online solution to documenting expenses for small businesses.

Cons: I wish there were a few more features, like mileage tracking. I would like to use the payroll system but it's a bit too expensive for my business of 2 - 3 employees.

Overall: Convenient tracking of expenses, receipts and invoices. Highly recommend to small business entrepreneurs. Makes life easier!

A very small part of my job is invoicing subtenants, but it used to take up way too much of my time.

Aug 15, 2017
5/5
Overall
5 / 5
Ease of Use
3 / 5
Features & Functionality
5 / 5
Value for Money
Likelihood to Recommend: 10.0/10 Not
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Pros: Makes recurring invoicing and tracking payment of these invoices very easy. The software will automatically invoice customers and automatically send reminder emails when invoices are unpaid. Once payment has been made a receipt can be sent with a click of two buttons. This process was only a small part of my job but it took up so much time... not any more.

Cons: I wish it had a wider feature set. I could use something to help manage our trust account. Unable to customize software to more closely match how we handle receivables.

Overall: I can automatically invoice my customers, accept credit card payments from them for these invoices and easily send receipts for all payment types.

Repeated issues with transaction import from chase

Aug 15, 2017
1/5
Overall
4 / 5
Ease of Use
1 / 5
Features & Functionality
1 / 5
Customer Support
1 / 5
Value for Money

Pros: it was easy to implement, easy to learn and easy to use. It would be perfect except it has serious issues with importing data.

Cons: An accounting software, at the very least, needs to be accurate. I have had repeated issues with transactions not importing. The worst part is it isn't always clear. Sometimes just one or two won't import!

Frustrating

Aug 15, 2017
2/5
Overall
2 / 5
Ease of Use
2 / 5
Features & Functionality
1 / 5
Customer Support
2 / 5
Value for Money
Likelihood to Recommend: 1.0/10 Not
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Pros: I can easily import electronic receipts. I can keep all of my receipts in one place. I can add up my sales tax.

Cons: There's so many bugs in the receipts app and the accounting program. Several features simply don't work. The receipts that I've scanned have to be physically inputted later because so much isn't recognized, like the name of the business, date and price. What's the point? The worst part is the lack of customer service. I've requested help a few times, and they don't even bother to get back with me. I finally tracked down a customer service number (it wasn't easy). They were in India and they wanted to charge me for the fix!

I've been using Wave for more than 12 months, and for my small business, it's been perfect.

Aug 09, 2017
5/5
Overall
5 / 5
Ease of Use
5 / 5
Features & Functionality
5 / 5
Customer Support
Likelihood to Recommend: 10.0/10 Not
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Pros: Being able to edit the template, include my logo, and share easily.
I added in a credit card facility and this makes payments simple for clients.
Reporting and dashboard are clear.
Easy to learn to use.

Cons: The footer doesn't edit very well. This is a very small problem it I like my layout to look good. That's the only downside.

Overall: Manages all my simple invoicing.

Great Features at a Super Price - FREE

Aug 09, 2017
5/5
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
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Pros: Wave offers a ton of great features for free. I was really shocked at the quality and feature set they are making available for free. They have a few premium add ons like Payroll and Credit Card Processing but they are very competitively priced.

Cons: I don't really have anything negative to say about the product. It works great, and it's free. I do wish they had an integrated timer for tracking projects with clients. If they had a timer like harvest or timely built in, I'd give them 6 stars ;-)

Easy to use

Aug 08, 2017
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: Ease of use, invoice feature, statement feature, ability to email invoices, reports available, customer able to pay by credit card with low fees, can add my bank account to system, free to use,

Cons: There is not anything I do not like about this Wave Accounting Software Program. I can not thing of anything that I like the least. Record and scan your receipts

Overall: Kept my accounting well organized and ap/ar in order

Keeps me organized and prepared for tax time!

Aug 08, 2017
5/5
Overall
5 / 5
Ease of Use
5 / 5
Features & Functionality
3 / 5
Customer Support
5 / 5
Value for Money

Pros: FREE!! you get a lot with the free version. I love the invoices! - saves me time and automatically tracks them for me.

Cons: You'll need a basic understanding of accounting to maximize the use of this software. There are journal entries, and you'll have to reconcile the invoices against the deposits.

There is no customer support whatsoever and the bank connection doesn't work properly but their billing does.

Aug 02, 2017
1/5
Overall
1 / 5
Ease of Use
1 / 5
Features & Functionality

Comments: Fraudulent, no customer support.

Pros: It seems simple to use. Beyond this there is nothing to like. Do yourself a favor and NEVER give them your credit card.

Cons: The bank connection never would work properly and none of my support emails were ever answered beyond "so, did we help you?" as if they'd done something. I vollyied emails this way for 3 weeks before giving up. Then they billed me for dirrect deposit when they said it was free, total fraud. There is NO PHONE for support and emails go unanswered.

Amazing flexibility and ease of use for free!

Jul 28, 2017
4/5
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: This software is free and fully functional. The experience is fluid and easy to use and the look and feel of the service has greatly improved. There are two companion apps that have just been updated that make running your business and accounts a breeze. The receipts app is particularLu good at auto scanning receipts and filling out your expenses automatically.

Cons: Sometimes technical support and customer support can be a bit slow but that is to be expected with a free to use service.

Found out about the program and was hesitant, given that it was at no cost. Pleasantly surprised!

Jul 24, 2017
4/5
Overall
5 / 5
Ease of Use
4 / 5
Features & Functionality
1 / 5
Customer Support
5 / 5
Value for Money
Likelihood to Recommend: 10.0/10 Not
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Pros: I found the program incredibly easy to use. Easy accessibility gives it a major plus. The lay out and design are simple and pertinent with the Dashboard providing you with key information while you're on the go. I also like the report feature as it allows me to judge the current state of the business anywhere and anytime. For a micro business, the fact that it's free is a major drawcard. I'm also impressed by the Payroll feature, even though I haven't cause to use it.

Cons: Being in South Africa, some of the Accounting terms and practices are a bit different. Understandable though.

Overall: I have moved from a manual accounting system to an automated one. The transition has not been painful as it generally is.

OK, if you can live with some very big limitations

Jul 21, 2017
4/5
Overall
4 / 5
Ease of Use
2 / 5
Features & Functionality
2 / 5
Customer Support
5 / 5
Value for Money
Likelihood to Recommend: 5.0/10 Not
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Pros: Full Disclosure - Used this software 2 years ago.
Free and allowed us to sync with our bank accounts. Payroll wasn't included but was a cheap additional ($5/month?)

Cons: Payroll had severe limitations in NYS, Additionally after I moved away from the software I forgot to grab our payroll reports. It cost me $15 to retrieve them.

Overall: Having used quickbooks previously I thought this was a great way to save some money on a new business adventure. I quickly learned that this is not a place where you want to skimp out on features, and ended up paying more in my time. If you you have more time on your hands and you can put in the time then this software will probably work well for you. If you have multiple businesses and another job, forget it, it isn't worth the hassle.

Value for money accounting software

Jul 21, 2017
5/5
Overall
5 / 5
Ease of Use
3 / 5
Features & Functionality
5 / 5
Value for Money
Likelihood to Recommend: 10.0/10 Not
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Pros: It is very easy to navigate, it is free, invoicing is great and it also features a multicurrency. Nice dashboard! You don't need to be a rocket scientist to use Wave.

Cons: Slow servers and downtimes have been experienced, lack of integration with third party apps is also a major let down.

Love it. Easy and does everything I need.

Jun 27, 2017
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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Pros: Easy and provides alot of functions. Invoices, billing and taxes all in one place. Its has a great feature where you can have more than one profile which is great.

Cons: I cant think of anything I dont like about this program. If anything may be enable to search invoices a little easier.

Great experience overall

Jun 27, 2017
5/5
Overall
4 / 5
Ease of Use
3 / 5
Features & Functionality
5 / 5
Customer Support

Pros: I like that it is fairly easy to use. I enjoy having all my business finances in one place. It's great for small business owners!

Cons: There could be some more functions. This is the only big negative, other than that I have no complaints.

Still rocking the free version, I'm hooked. Wave has made invoicing my clients a breeze.

Jun 27, 2017
5/5
Overall
5 / 5
Ease of Use
5 / 5
Features & Functionality
5 / 5
Value for Money

Pros: As a freelancer who does big and tiny jobs, it's easy to lose track of my invoice activity who I've invoiced for what, who has paid, etc. With Wave, I've got customized invoice templates that are easy to fill out with saved client information, etc. I know who I've billed, how long ago, and how long it took to get paid.

Recently, I began using the credit card feature. The fee is the same as PayPal, but it's integrated more smoothly with my electronic invoice.

Cons: Quibble: I'd like to have one more column for a date range of the service I've provided. (I sometimes use the "Items" column to include the date range, but I'd prefer the item be the name of a task and the dates to have their own column.)

Wave Accounting is amazing, but needs a little work!

Jun 09, 2017
4/5
Overall
4 / 5
Ease of Use
4 / 5
Features & Functionality
3 / 5
Customer Support
5 / 5
Value for Money
Likelihood to Recommend: 9.0/10 Not
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Pros: I love that they are completely free for all that you get. I love being able to keep track of my receipts and not keep them. It is great for writing customer invoices.

Cons: They need to develop a system so if you have your bank account connecting and using the app to take pics of receipts to only show the transaction that you posted through the app so you don't have duplicate items. Need more features on the app. Have to enter in item description every time. I want the system to remember a transaction like a check so that I don't have to write in the description every time what that check was for.

I am using Wave for my small business accounting, including invoicing, expenses and reports.

Jun 09, 2017
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 was easy to set up and to use, it even has option to accept credit card payments. It has easy to use templates and customizations so I was able to get up and running in less than a day. I am able to send invoices and set auto reminders to be sent to customers when payment is due.

Cons: So far I have not run into any issues. Adding more template options and customization options would always be a good thing.

Overall: I was able to get my new business up and running in less than a day. I was able to set up accounts and start invoicing for services right away. Being able to run and save reports helps me with filing taxes.

Wave accounting is sufficient

Jun 08, 2017
3/5
Overall
3 / 5
Ease of Use
3 / 5
Features & Functionality
5 / 5
Value for Money
Likelihood to Recommend: 6.0/10 Not
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Pros: Free Has app Support is available by chat or email Videos are available with lessons They have a community that you can ask questions

Cons: No register- checkbook register would be a plus Reports are not editable The ability to do a yearly budget would be a big plus.

Not for everyone

Jun 08, 2017
4/5
Overall
4 / 5
Ease of Use
4 / 5
Features & Functionality
3 / 5
Customer Support
5 / 5
Value for Money
Likelihood to Recommend: 8.0/10 Not
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Pros: We've been using Wave for two years now. Wave is easy to use and flexible. It has a lot of features for a free accounting program! I love the recurring invoices and the fact that my bank account is connected so I don,t have to enter al transactions manually.

Cons: Since Wave is not as strict as other program, it is easy to erase by accident something that will change your accounting and you might have some problem with your balance at the end. It is difficult to have customer service for the free option.

The best-kept secret in accounting software! Drastically helped my small business!

Jun 08, 2017
5/5
Overall
5 / 5
Ease of Use
5 / 5
Features & Functionality
5 / 5
Customer Support
5 / 5
Value for Money

Pros: Where do I begin? Finding Wave was like finding a treasure chest. This program has helped me to keep track of my income, receipts, invoices etc. It's easy to use, easy to integrate and an overall fantastic program. I recommend it to everyone I meet. You can download the app right to your phone for receipts and take photos of them to upload right into your Wave, a huge time saver!

Cons: I have yet to run into anything that's caused me an issue. Sometimes it can't sync with your bank account but it often works itself out.

I love this product!

Jun 08, 2017
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 the fact that this product is absolutely plug and play. If you are starting up and you need a financial management software - THIS IS IT! You can even link your bank accounts and details flow in automatically.

Cons: I would have liked a few more templates that I could have used to create invoices

Overall: I don't need to bother about mu financial accounting anymore.

Wave is super easy to use and since it is free that puts more operating cash back into my budget.

Jun 07, 2017
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: Ease of use and it is free. Has so many functions and perks like receipt tracking that other software charges for.

Creating and tracking invoices for customers.

Jun 07, 2017
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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Pros: Extremely simple interface. Fast/Responsive. Superb deal for single user. Decent customization options.

Cons: As with any web-based software, its availability can be affected by problems with your own internet connection, as well as larger infrastructure issues. During recent DNS attacks, and when Amazon's server products were down, I was unable to access Wave. This is not the fault of the developers, but is an inherent risk with web-based software.

Overall: I only needed a simple system for firing off invoices on the fly, and for tracking outstanding invoices. That's exactly what I got.

Unreliable web app; useless mobile app; non-responsive support

Jun 02, 2017
1/5
Overall
2 / 5
Ease of Use
1 / 5
Features & Functionality
1 / 5
Customer Support
2 / 5
Value for Money

Pros: Wave is free, and the basic accounting features work. The bank transaction feature is very nice, if it works for you.

Cons: Bank transaction import did not work for me. Transactions took over two weeks to post to my account. When I contacted customer support about this, I got a generic response and then nothing for a week. Even for free, that kind of non-responsiveness is troubling for a service I'm trusting with my information. Mobile app is useless if you use your google account to sign in to the web app.

Simple but Powerful

May 22, 2017
4/5
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
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Pros: Just starting out? Want to make sure your books are in order without having to worry about when you get paid? You need to try Wave. This tool is incredibly simple but effective. As an early user, I was skeptical about trying them out but after sending out my first invoice, I haven't looked back. It's just so easy to use.

Cons: My biggest gripe about the platform is that the user interface needs more work. There have been few updates since launch but the fact that they've managed to keep me on despite having a less than stellar UI should speak volumes.

Overall: Easily track invoices and manage customers.

Definitely worth it.

May 19, 2017
5/5
Overall
4 / 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: Its a great app, especially considering its free. almost a must have for starting up businesses. Great interface too

Cons: documentation isn't great. I've spent a while finding something, that is simple, and after reaching out to customer service they provide a quick answer to an easily documented problem.

Web-based with a clean UI

May 18, 2017
4/5
Overall
4 / 5
Ease of Use
4 / 5
Features & Functionality
3 / 5
Customer Support
4 / 5
Value for Money
Likelihood to Recommend: 7.0/10 Not
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Pros: They're working hard on updates and new features. Very clean UI. Email invoicing is great. Staff have been generally supportive.

Cons: Some hiccups with things such as receipts -- if you return an item there's no real way to mark that return in the receipts section where the original purchase was marked. Multiple email addresses not supported in all places. Payroll doesn't do anything but the actual calculations -- doesn't actually file any paperwork or even fill it out for you to send in which would be nice.

Robust small business accounting software

May 18, 2017
4/5
Overall
3 / 5
Ease of Use
4 / 5
Features & Functionality

Pros: I don't use many of the most robust and comprehensive features (employee expenses, payroll management) but this would be something incredibly attractive to me if my business ever evolved to require these features. I really appreciate the thoughtful product design and "made in Canada" solution.

Cons: This comment is specific to Wave Receipts, a mobile app under the Wave Apps family. My experience with receipt tracking, the primary function for which I use this software, is that it is extremely temperamental and inconsistent. I love the idea of it, and the product features (labels, categories, data smoothing, etc.) but I found that more of the time than not many of my receipts were never actually scanned properly or took so long to upload that I thought I was going to break the account. This seems to have sorted itself out as of late but it was a very inconvenient glitch -- especially when I only noticed after that I had already thrown out those receipts.

The easiest online accounting app I have ever used

May 17, 2017
4/5
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: What is not to like is probably the better question which I see coming up! The most highly rated part of Wave for me is the ability to set up and manage recurring billing. Clients like the ease of use and no more arguing over whether a client received an invoice or not as I can see when they view invoices online. Easy to receipt, no cost and free.

Cons: Waiting for the connection to my bank is probably the most frustrating.

Overall: We collect money much faster and the automated reminders are a gem.

Very easy to use, can't believe it's free!

May 15, 2017
5/5
Overall
5 / 5
Ease of Use
4 / 5
Features & Functionality
5 / 5
Customer Support
5 / 5
Value for Money

Pros: The fact that it's free is a starter. It has quite a bit of functionality. It's a clean layout and easy to access.
I absolutely love how easy it is to generate a new invoice, it stores all the previous customers information in the system.
You get to choose different invoice layouts.

Automatic payment reminders to customers.

Cons: It could use some extra reporting features (example: cash flow). Doesn't have "e-transfer" as a payment method.

It disconnects from my bank account randomly.

They switched payment providers a few times, causing extra time for me to fill in my bank account information.

There should be an option to pay to remove company logo from emailed invoices.

Wave makes accounting easier

May 11, 2017
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 really like the cloud-based software, and the fact that you can link multiple accounts to the same login.

Cons: I could use some more "how to" options when I'm stuck on a process. Adding in some features for learning more complex accounting would be helpful, or if they already exist, make it more obvious.

Still learning and comparing

May 06, 2017
5/5
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: Easy of use, for a small online business owner the apps can be easy to use. Aside for its FREE. It can be added features especially for the product

Cons: As an ebay / online reseller. The apps should be made easy to recognise product. Since my product is not the same, I end up with thousand of product (I sell 30-50 different product a month). Its much easier if I can see which product still available and which is not active. And I should see which product I still have (price, quantity) and hide which is already sold

Free!! Mobile sucks.

Apr 20, 2017
2/5
Overall
4 / 5
Ease of Use
4 / 5
Features & Functionality
4 / 5
Customer Support
5 / 5
Value for Money

Comments: Not impressed with their mobile platform. They have an app for easily adding receipts, but anything else you have to go to their website to do. I'm using chrome on android and it does not appear they have put in any time to making it mobile friendly. I cannot do hardly anything from my phone because menus jump all over the place. I do like they are free, but not sure yet how they make their money so I'm hesitant waiting for the catch.

Great Option for Small Business

Apr 20, 2017
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: Cost efficient
Simple to Use

Cons: Lack of Payroll Features
Slow Loading at Times

Overall: Wave Accounting is great option for businesses looking to save money on accounting software. It allows you to sync up with your banking establishments and do things like payroll and bank reconciliations as well as basic reporting. Wave is fairly user friendly and it's features work for many basic small businesses. Some of my objective feedback on this software would be that it takes a long time to load transactions when you switch from page to page and that it's options to add more complicated payroll additions are limited. I think some improvements can be made on the way the bank reconciliation feature works as well but overall it is great value for the money (or lack thereof).

Wave works for me!

Apr 20, 2017
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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Pros: It's a great suite of tools and the automated transaction logging is a great feature. Payments by Wave has been an excellent service as well, it's nice to have an option for my clients who want to pay by credit card and the transfer time to my bank account is usually very fast. The Wave team has been doing a good job making improvements and standing behind the products and services they offer.

Cons: Automatic categorization of transactions could really use some improvements. I have several regular transactions that are oddly categorized when it seems they could be "memorized" by the system more accurately. Hopefully that improvement is in the works.

Overall: I've been using Accounting By Wave for a few years now and have found it to cover all of my accounting software needs fairly well. For a free suite of accounting tools, it's a great package. I do hope they improve automatic transaction categorization and add the ability to import invoice line items. Those two improvements would make it near perfect for my needs.

Love to Use Wave

Apr 12, 2017
5/5
Overall
5 / 5
Ease of Use
5 / 5
Features & Functionality
5 / 5
Customer Support
5 / 5
Value for Money

Comments: I really like this product, super easy to use and lots of features. Great way to manage client accounts, accept payments, send reminders, etc. It really is useful for someone running a small business or is self-employed.

Amazing for being Free

Apr 12, 2017
5/5
Overall
5 / 5
Ease of Use
4 / 5
Features & Functionality
5 / 5
Customer Support
5 / 5
Value for Money

Pros: It was fast and easy.

Cons: Not too sure. Maybe the reporting could be more detailed. hard to say, it has almost everything I need.

Overall: I don't know how to explain it. It's clean, organized, fast, free and has many simple small business features all for free. Let's you pick styles and colors to suit your brand.

Happy costumer

Mar 15, 2017
3/5
Overall
3 / 5
Ease of Use
4 / 5
Features & Functionality
3 / 5
Customer Support
3 / 5
Value for Money
Likelihood to Recommend: 5.0/10 Not
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Pros: There's enough liability on the software. So far I.m been doing well with the Software. Really realizable

Cons: I do not have complains on this product. Some of the final features of the app are enjoyable and realizable

AR Reports Non-Existent

Mar 12, 2017
2/5
Overall
1 / 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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Comments: Easy to use - but AR reporting is non-existent. You are unable to perform an aggregate report showing payments received, invoice #, billed amount, the amount paid, type of payment (e.g. check or card), and check # if paid by check. Basic stuff. Bank deposit statements also do not display invoice numbers - it's a guessing game. #WaveApps #WaveHQ

Pros: Easy to use, automatic credit card payments, non-payment reminders.

Cons: Unable to perform an aggregate report showing payments received, invoice #, billed amount, the amount paid, type of payment (e.g. check or card), and check # if paid by check. Basic stuff. Bank deposit statements do not display invoice numbers - it's a guessing game.

Recommendations to other buyers: If AR reconciliation is important to you, look elsewhere.

Great Value (it's free)...

Feb 22, 2017
4/5
Overall
5 / 5
Ease of Use
3 / 5
Features & Functionality
3 / 5
Customer Support
5 / 5
Value for Money

Comments: The bookkeeping is not great. Reports should be better. Tech support is a little slow, so I would recommend the paid support. But you can't beat the price!

I SEE, I CAME, I CONQURED

Feb 16, 2017
5/5
Overall
4 / 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: There is a small learning curve to master how wave runs but thanks to their awesome support you can do it. I am one who works with my hands as a finish carpenter. I am far from even wanting to do accounting as I lack at paperwork. Wave makes it possible and I love it.

Pros: It functions very well and is an easy system to master.

Cons: One feature I hope they come up with is to be able to type in an amount in transaction and wave will find all those transactions that match. Bank of America has this feature. So why not WAVE!

Recommendations to other buyers: USE IT.

Helps me keep track of all my income & expenses as a freelancer!

Feb 06, 2017
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: After a tough first year trying to file taxes as a freelancer I wanted something that would help me keep track of everything throughout the year. This app makes keeping my expenses logged in an easy way, and gives me access to various accounting reports.

Great program for creating/sending/managing invoices and other basics, especially for free!

Feb 06, 2017
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
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Pros: It's simply easy and FREE

Cons: It doesn't do as many things as I'd like it to, the back-end accounting features are a little lacking.

Overall: Well first of all, go read (well have a glance at) their ToS page. This was one of the first times I've seen a company summarize along-side their terms which was a nice touch. Secondly, they don't charge for their biggest product which is also nice. It works and it's simple. They also offer free services like receipt tracking which would be VERY useful and they have paid services like payroll and payment processing.

Recommendations to other buyers: Try it out and if you have issues contact them about them.

Good accounting software

Feb 06, 2017
5/5
Overall
3 / 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: No ongoing cost. Just the right mix of features.

Cons: Bit tricky to get used to at first.

Overall: We were looking for accounting software for our small businesses. Found Wave and presto, just what we needed. Easy to set up credit card payment systems, invoicing. Plenty of horsepower for a small business.

Recommendations to other buyers: Find a Wave expert to assist you in setting it up.

Quality web accounting

Feb 01, 2017
5/5
Overall
4 / 5
Ease of Use
5 / 5
Features & Functionality
5 / 5
Customer Support
5 / 5
Value for Money
Likelihood to Recommend: 7.0/10 Not
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Pros: Phone app for receipts

Cons: Lack of gl support

Overall: We needed a simple web based accounting program and wave apps solved that for us! We love the phone app.

Wave Review

Feb 01, 2017
4/5
Overall
3 / 5
Ease of Use
4 / 5
Features & Functionality
4 / 5
Customer Support
5 / 5
Value for Money

Comments: Wave software is a great value for the cost of the service. Some of the features aren't extremely intuitive, but customer support is good and the software is easy to use once you figure out how to navigate through the various features on the site.

Simple and usefull

Jan 26, 2017
4/5
Overall
4 / 5
Ease of Use
4 / 5
Features & Functionality
4 / 5
Customer Support
4 / 5
Value for Money
Likelihood to Recommend: 9.0/10 Not
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Pros: complete and easy to use

Cons: I cant customize into my native language...

Overall: This was my first accounting app to start my business, and still one of the best options for any startup company...

Recommendations to other buyers: nah

Ideal for Freelancers

Jan 26, 2017
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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Comments: Takes all the stress of worrying about invoices getting paid or whether they have been paid already. It sends automatic payment reminders to clients so you don't have to worry about hassling them to pay. You can even link it to a bank account making it easy to record payments. A whole suite of software for free!

Great For Small Businesses!

Jan 24, 2017
4/5
Overall
5 / 5
Ease of Use
4 / 5
Features & Functionality
5 / 5
Customer Support
5 / 5
Value for Money

Comments: Wave is a great accounting system for small businesses. It would be even better if they included some of the standard reports/functions such as cash flow statements and assistance with generating projections. Overall, it is user-friendly and has a nice interface.

Awesome accounting, and it's FREE!

Jan 24, 2017
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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Pros: Ease of use and it's cost, FREE :)

Cons: Maybe some minimal support a month, but it's free so I can understand why it dose cost a little.

Overall: I switched from Quickbooks after my cost went up and then I had to pay for a monthly merchant account. For me, I did the math and it was more valuable to switch to Wave and just pay their merchant fees as they were the same as Quickbooks. I love it and I can add in more than one business too! Everyone should use it! They are continuously innovating and it is only getting better!

Recommendations to other buyers: Just use it!

A wave of relief for my accounting needs

Jan 12, 2017
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
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Pros: Ease of use. notifications.

Overall: I am a small business owner - I am not able to afford an accountant. I took a QuickBooks course to learn how to use an accounting software to manage my finances but I found I did not need all of the options that QuickBooks offered. After researching alternatives to QuickBooks I found Wave and it has given me the tools I need at an affordable price. I was able to sync my business account to the software, as well as my PayPal. All my expenses and payments automatically sync to Wave. It keeps a tally for me and sends me reports. I am now able to generate accounting reports with ease.

Works fine for a small business

Jan 06, 2017
4/5
Overall
4 / 5
Ease of Use
4 / 5
Features & Functionality
3 / 5
Customer Support
3 / 5
Value for Money

Comments: This has served us well for about three years. Out needs are simple for a small business with no inventory to deal with. We have some problems with downloading transactions from a CU, switched to a large bank and the problem went away. It was pretty much a problem with how the bank did things, not Wave. We have another person who now downloads and maintains the data and has not really heard any issues from her about using the program and she is very familiar wth QB.

For the price it's great!

My favorite invoicing software!

Jan 05, 2017
5/5
Overall
5 / 5
Ease of Use
5 / 5
Features & Functionality
5 / 5
Customer Support
5 / 5
Value for Money

Comments: I tried Wave on a whim when I was in desperate need for something to organize my invoices - and I fell in love. Wave is easy to get started and use. It makes accounting and invoicing so easy! Plus, the ability to let clients pay via credit card through Wave makes life just so much easier.

Small Business User Dream!

Jan 05, 2017
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: User-friendly, load of options, can connect with bank and credit card companies

Cons: With so much to offer it can be somewhat overwhelming to a new user.

Overall: We found this software a few years ago for my MIL's small business and have really liked it. It is easy for us to use and it allows us to set up invoices, keep up with what has been paid, what is due, and what invoice is overdue. I really like that I can send a link to our accountant and give him privileges so that he can see exactly what our business expenses were for the year.
The times that I have had to contact customer service they were very quick to answer my questions and explain what needed to be done to fix my problem. Most times there have been links to videos that have helped with most of my issues.

Recommendations to other buyers: Play around with the software and get to know it, you do not have to use the credit card service that they offer to use this software which is really great.

Great Accounting for Small Business!

Jan 05, 2017
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: Great Software. Easy to use. Well, formatted financial statements.

Cons: I haven't had any problems with the software yet. I've been able to do everything I wanted so far. I have a very small company, with basic accounting, though.

Overall: I'm using a free version and it's very convenient. I have a degree in accounting, so it's probably easier for me to figure out than someone that doesn't have accounting experience. Highly recommend.

Recommendations to other buyers: Great free solution to do simple accounting and create financial statements. Recommended by a friend.

For a free app it's great

Dec 28, 2016
5/5
Overall
3 / 5
Ease of Use
4 / 5
Features & Functionality
5 / 5
Value for Money
Likelihood to Recommend: 8.0/10 Not
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Comments: I have been using this app for almost a year and I am using it a daily use to issue invoices. All you need to do is make a little setup including your business details and products and tax settings and you are ready to go. The use of the program is pretty intuitive and simple and you can export each and every invoice to a PDF file. I use this app in foreign money and it's a bit more difficult to set up and handle but still possible and for free.

Pros: Absolutely FREE Very easy to set up Very easy intuitive use. You can export each invoice to PDF

Cons: Too many clicks to get things done Not so easy to use with foreign money other than Dollars

Recommendations to other buyers: If you are a small business without a budget to spent on a program that will issue your invoices, this is a very recommended app to start with.

Great accounting software for small businesses

Dec 14, 2016
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: Quality software yet cheap.

Cons: Can be a bit buggy when making lots of changes o the transactions page.

Overall: I've been using Wave for a little over a year now and really like it! It's a very well designed system that meets the vast majority of my needs of my small business.

Great Starting Accounting Software

Dec 13, 2016
5/5
Overall
5 / 5
Ease of Use
4 / 5
Features & Functionality
5 / 5
Customer Support
5 / 5
Value for Money

Comments: I've used Wave Accounting for several small businesses, and it has worked great. It is the perfect, free accounting software to start a business with, giving easy invoicing features, syncs with bank accounts, and good reporting.

BEST of the Best

Dec 13, 2016
5/5
Overall
5 / 5
Ease of Use
5 / 5
Features & Functionality
5 / 5
Customer Support
5 / 5
Value for Money

Comments: Has literally SAVED my business. Pros: EVERYTHING. Cons: None so far. GREAT APP! Thanks Wave for the Accounting app.

Small Business Sufficient

Dec 12, 2016
4/5
Overall
4 / 5
Ease of Use
3 / 5
Features & Functionality
4 / 5
Customer Support
4 / 5
Value for Money
Likelihood to Recommend: 7.0/10 Not
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Pros: free based option

Cons: need to have some accounting background to optimize

Overall: Having a background in accounting and a small number of transactions makes this tool easy to use. I'm using it to log the monthly transaction on a property we own.

upper echelon of accounting software

Dec 09, 2016
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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Pros: It's got pro features that let you run payroll, there's even a mobile app for every bit of your accounting needs, very customizable, easy to jump right into and learn, and has a free version or if you want to go pro version it's still extremely in-expensive.

Cons: Couldn't connect to my Business bank account because it's a smaller branch of bank.

Overall: was a bit leery due to it being free. But not anymore, wave accounting app has saved my career and business. Thank you wave apps!

Recommendations to other buyers: If you're looking for an accounting software that will invoice, run payroll, and that you can download for free this is most definitely the software For you.

Use with all my companies online!

Dec 08, 2016
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: Love the Wave system. Credit Card processing is reasonable and fairly quick to deposit. Would highly recommend to small businesses.

We use this everyday

Dec 08, 2016
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: so easy to use.

Cons: does not have complex features if you need them.

Overall: The simplest invoicing software you can find. If you are a large business, you can't use this but for small businesses it is a good choice because nothing is complicated about it. We don't use it for expenses.

Recommendations to other buyers: Great for small businesses.

Very Powerful for the price!

Dec 08, 2016
4/5
Overall
4 / 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: - Free version lets you do everything except maybe payroll
- Sync with your banking
- Great estimates, invoicing and online payments
- Great reporting
- Ability to transfer transactions between personal and business accounting

Cons: - It doesn't "remember" your account categories for sync'd transactions
- A little slow
- If you don't understand basic accounting, you might need to sign up for a paid version to get the level of support you may need (according to some of my clients I've recommended it to)

Overall: Wave is a very powerful accounting program that syncs with your banking, giving you separate setups for your business and personal accounting with an ability to transfer transactions between. We all know we need to keep business and personal separate, but it happens at times - we throw in one business item in a cartful of personal ones!

Create estimates and turn them into invoices, allow online paying from your invoices - it is seriously a very powerful application. The one bad thing is that it can run a little slow, but they have made improvements several times since I started (2 years ago) and are always working on improvements (new UI launching soon and they just gave a preview with a survey for feedback).

Recommendations to other buyers: Give it a try - you have absolutely nothing to lose and incredible to gain!