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Wave Accounting Reviews (2024): Pricing, Pros & Cons

A complete finance solution, Wave Accounting will help you to manage all your money related processes.

0%
Ease of Use
92%
Features
94%
Value For Money
94%
Customer Support
92%

What is Wave Accounting?

Wave Accounting is a platform that can help you to manage your money without any hassle. They mainly aim to provide services to small and mid-sized businesses that have limited budgets to manage their finances.

Wave Accounting provides you with a lot of features, including unlimited invoices, processing your financial information, and even managing your accounting for free.

You can get access to the core accounting software that too completely free using this software, including invoicing, expense tracking, financial reporting, and more.

If you want more advanced functionalities, then Wave Accounting provides you with two paid add-ons too.

Let’s look at the software in detail.

Wave Accounting Company Details

Wave Accounting is an online accounting software founded in 2009 by CEO Kirk Simpson and CPO James Lochrie. Wave Accounting is a Canada-based free online accounting software. Until now, they have helped 2,000,000 North American small businesses manage their finances.

Company Name: Wave Financials Inc.

CEO Name: Zahir Khoja

Year Founded: 2009

Employees: 251-500

HQ Location: Toronto, Canada

Zahir Khoja CEO Wave
Zahir Khoja
CEO @Wave HQ

Wave Accounting Screenshots and Media

Pros and Cons of Wave Accounting

Pros of Wave Accounting

  • User-Friendly software
  • Unlimited Users
  • Multi-Currency support
  • Free accounting and invoicing
  • Payroll management
  • Unlimited invoicing and expense tracking

Cons of Wave Accounting

  • No audit trails provided
  • No third-party integration

Wave Accounting Features

Create invoices quickly

Helps you to streamline the invoice process that helps you to send invoices to your customers easily.

Track your Income & Expenses

Thanks to Wave Accounting software you can access your income and expenses effortlessly.

Link Unlimited Bank Accounts

If you are someone with one or more bank accounts Wave Accounting can help you to connect them all in one place thus updating your bookkeeping real time.

Faster Payment Options

You can get paid faster within 1-2 days, and thus you can enhance your brand and look more professional.

Payment tracking Feature

You can track your invoices and payments into an accounting record using Wave Accounting.

Tax Payments Made Easy

Payroll tax services are provided by Wave so that you can automatically pay and file your state and federal payroll taxes.

Direct Deposit

Have the feature of direct deposit that can help you to make payments into employees' accounts directly.

Real-Time Tracking

Real-time monitoring and tracking of your finances is possible using this software.

Multi-currency

You can easily make payments in foreign currencies as this software supports multi-currencies.

Dashboard

It has a user-friendly dashboard from which you can handle your finances in a fast and easy way.

Wave Accounting Pricing

Wave Accounting offers multiple features and different pricing options. Many important features are completely free to use.

Here’s the pricing detail.

PlanPriceFeatures
Invoicing$0– 100% Free
– Unlimited invoices
– Get paid faster with credit card payments
– Automatic payment reminders
– Wave invoice payments automatically sync to the accounting dashboard
Accounting$0– 100% Free
– Unlimited income and expense tracking.
– Customizable sales taxes.
– Add unlimited partners, collaborators, or accountants.
– Know if you should charge clients more just by glancing at your dashboard.
– Make unlimited bank and credit card connections.
– Access helpful reports like Overdue Invoices & Bills and Profit & Loss.
Mobile Reciepts$8/month– Save major time with unlimited receipt scanning—plus, import up to 10 receipts at a time.
– Shoeboxes are so last season. Access your expense information digitally in one convenient place.
– Get peace of mind knowing your receipts are backed up in the cloud.
– Trade in your crystal ball and track your business spending without the need for manual bookkeeping.
– Make tax prep quick and painless with more accurate books and reports, all in one place.
Payroll$40/month– Pay employees and contractors with more ease than ever.
– Deposit payments into employee’s bank accounts in one click.
– Employee portal access to paystubs and tax forms make everybody happy.
– Easy access to important tax forms and documents. Look out, tax season.
– Accuracy is guaranteed, so you can put down the algebra textbook and still be compliant.
Advisors$149/month– Get coaching or support from our team of bookkeeping, accounting, and payroll experts.
– Perfect for accounting newbies and those who want to become Wave power users.
– Benefit from advice that’s tailored to your business goals, and start a beautiful friendship.
– Tap an Advisor year-round, not just during tax time!

Wave Accounting Price Comparison

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What Kind of Support Does Wave Accounting Offer?

Wave Accounting offers different level of support for different features they offer. You may visit their help center to know more about support.
Email Support
Forum & Ticket
Tutorial Videos & Documentation

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Frequently Asked Questions About Wave Accounting (FAQs)

Wave Accounting is a free online accounting software that offers various features to manage your finances.
Yes, Wave Accounting offers a number of features completely free and some needs payment.
Yes, Wave Accounting comes with PayRoll management option.
Yes, Wave Accounting is a completely safe software to use.

System Requirements and Supported Platforms

Review Method

At Begindot, we go through each product in detail so that we can prove the most authentic information to our audience. We try the products, go through documentation, do research in user sentiments before adding our final recommendation. 

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Wave Accounting User Reviews and Ratings

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