wave bookkeeping reviews: Wave Accounting Review: Features & Pricing in 2023


The wave bookkeeping reviews offers a user-friendly, feature-rich application that works for those who don’t have much accounting experience. It’s one of the few really free choices available and may help you handle all of your accounting tasks in one simple location. Wave is one of the easiest to use services of its kind you can currently find. The interface and user experience is very good indeed and we also like the way it’s possible to add in additional users. So you can hand over the reigns to others in your business, or indeed your accountant if the need arises.


The only applications Wave can integrate with are PayPal, Etsy, Shoeboxed, Zapier and Google Sheets. That said, Zapier can help you connect multiple platforms to Wave. Some of the links that appear on the website are from software companies from which CRM.org receives compensation.


This app is the worse, I set up my account, prepare and send an invoice expecting an AH payment that I configured on the Wave App. 6 days after my account has been canceled for receiving AH payments and the payment made by my client of $3,000 nobody knows where it is. This might be scam, one week and my money does not show up on my bank account. The Wave Accounting system is a completely free double-entry accounting solution for freelancers and small businesses. As the software operates on the cloud, you can access your Wave Accounting login from anywhere in the world with any device. You can also add unlimited collaborators to your account to include the whole team, letting everyone manage everything through a single Wave Accounting login.

Integration With Other Apps

One of the more helpful options is the Integrations tab, which allows you to easily connect with various apps that integrate with Wave. With the exception of its payroll and payment processing systems, Wave is free to use, which makes it an excellent platform for businesses that are just starting out. Unlike Xero, Wave doesn’t have a bank rule feature to automatically match your transactions.

You can invoice on the go with a free iOS and Android app, and receive instant notifications when an invoice is viewed, due or paid. Long story short the customer received over $1000 worth of product and I have not been paid. I have asked someone from Wave to call me and emailed several times but so far no response. All i got was a link to their 20 plus pages of terms and conditions. It would have been better if they at least contacted me before cancelling the credit card transaction. I would have has a chance to stop the shipment or arrange alternative payment method before shipping.

Wave Accounting Review – Features, Pros and Cons

Wave lets you create 12 reports, including cash flow reports and customer statements. You can customize those reports and compare them to previous records. Stay updated on the latest products and services anytime anywhere. How to Set Up Business Accounting Software for the First Time Setting up accounting software for the first time can be intimidating, especially if you’ve never…

Connecting to your https://1investing.in/ accounts is an especially important task since Wave is built on this exchange of data. Wave uses Plaid to set up connections to financial institutions, and it works like it does on other sites. Wave texts or calls you with a code to verify your identity, and then imports your first batch of transactions. Before you commit to accounting software, it’s in your best interest to shop around and compare all your options. Unlike QuickBooks and FreshBooks, Wave Accounting is completely free to use. It can allow you to manage all your accounting processes without paying a dime.

  • Hugh Wilson writes about business and the interface of business and technology for a range of titles including The Guardian, Telegraph, Independent, The Times, BBC and MSN.
  • We were particularly impressed with its intuitive setup and stylish, professional templates.
  • It’s one of the only truly free options on the market and can allow you to manage your accounting processes in one convenient place.
  • Zoho Expense is a fully-featured accounting software product that features various tools and capabilities to keep your company on track to reach its full potential.
  • I recently sold some goods to a customer and sent an invoice via Wave Payments.

However, we were able to successfully add a new user and limit access to each user. One of the biggest benefits of Wave is it makes it easier for customers to pay for products and services on their terms. You can email your customers with a pay now button for instant payments, and everything is tracked from start to finish, so you don’t miss out on any transaction data. Credit card processing is secure and straightforward, though transaction fees can vary. Wave’s accounting software is specially designed to appeal to smaller companies and service-based businesses.

What Is Mobile CRM? Definition, Features & Best Apps

In addition, other accounting software may be more suitable for larger businesses and those looking to grow. Another big advantage of the app is it’s straightforward to use. The software has a clean and user-friendly interface that makes navigation simple.

accounting features

Dashboard monitoring for cash balances and invoice statuses. Its onsite guidance includes an excellent interactive support bot that lets you ask questions and helps you narrow down your queries. To get the best possible experience please use the latest version of Chrome, Firefox, Safari, or Microsoft Edge to view this website. I had a terrible experience with this merchant , they held my payout and refuse to release it. Add on that Wave Payroll is only available in seven states, and you’ve got serious problems managing payroll with Wave Accounting.

Is Wave really free?

Offers email support for its free users and phone along with online chat support for its paid users. Its customer service isn’t as strong as other paid alternatives, with customers complaining about slow response times. It can take at least a day or so for a representative to answer any questions. The fact that Wave is free is a huge bonus, especially where cash-strapped freelancers, startup entrepreneurs and Etsy traders are concerned.

Best Cloud Accounting Software (March 2023) – Forbes Advisor – Forbes

Best Cloud Accounting Software (March – Forbes Advisor.

Posted: Tue, 21 Feb 2023 08:00:00 GMT [source]

It is very nicely designed, and a user-friendly layout means that all the important information is exactly where you expect to find it. As is the norm with accounting software, a vertical pane on the left of the screen contains the links you need for all Wave’s most useful features. Wave is a powerful and well designed basic financial management package for very small businesses.

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Wave has also introduced a no-fee checking account called Wave Money in partnership with Community Federal Savings Bank. Wave Accounting offers free software, meaning you won’t need to submit a credit card or payment information to use it. It can help you manage your bookkeeping, accounting and invoicing processes through a few internal integrations. The third and final drawback of using Wave is that it doesn’t have some of the advanced features you’d see in other programs. Like all product dashboards, the Wave dashboard gives you a good overview of business performance, along with options to connect a bank account or credit card. As previously mentioned, Wave offers an optional Payroll app that provides integrated payroll services to customers in eight states .

product or service

What would certainly be useful is the kind of time tracking and project management tools that many paid for packages in the micro-business marketplace include. FreshBooks, for example, has particularly strong offerings in this area. The functionality of the Wave accounting platform for payment processing, invoicing, credit card payments and more is fantastic. Compared to options like Quickbooks, Freshbooks, Xero, and many other accounting tools, Wave’s solution isn’t very scalable. There are no receipt scanning features, and ACH payments can be a little expensive. Until then, the software is still a good solution for small business owners looking for simple, easy-to-use accounting software that won’t break the bank.

  • It’s one of the few really free choices available and may help you handle all of your accounting tasks in one simple location.
  • Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
  • There are no monthly fees, account minimums, long-term commitments, or transfer fees to worry about.
  • As previously mentioned, Wave offers an optional Payroll app that provides integrated payroll services to customers in eight states .

Business owners using Wave don’t have to worry about security, as all connections are encrypted from start to finish. Wave’s servers are also housed using electronic and physical protection, and the company is PCI Level-1 certified. Ask to get answers from the Wave Accounting staff and other customers. SustainabilityInformation regarding a business’s commitment to reducing their environmental footprint and meeting sustainability goals will be shown here, if applicable. One of the most well-liked aspects of Wave’s invoicing functionality is the system’s capacity to automatically produce user-friendly templates that may be customized.

It is free, which explains the omission of one or two useful features. Ecommerce Platforms is a review site that shows the good, great, bad, and ugly of online store building software. We strive to provide easy to read reviews that will help you choose which ecommerce platform is right for you. We maintain an affiliate relationship with some of the products reviewed as well, which means we get a percentage of a sale if you click over from our site . Feel free to follow us on Twitter, comment, question, contact us at and ENJOY. Although Wave Accounting software does make it easier to manage your financial needs alone, there’s a good chance you’ll eventually need some extra help as your business starts to grow.

Paying users can also click on the “live chat” button on the navigation bar to get an instant answer from Wave’s support team. Note that live chat is also available for all users during their first 60 days. In addition to its help center, Wave also has a community forum where you can ask questions to fellow users.