While Wave is free to use, it doesn’t offer multiple plans to increase its functionality. It lacks some of the useful features you may find in other accounting software, such as project management, time tracking and inventory management. 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. Wave’s customer support resources and new Wave Advisor services make it easy for people with limited accounting experience to learn the software.

1. Once you sign up online, you can start using Wave’s features right away.
2. Our (non-judgmental) team of bookkeeping, accounting, and payroll experts is standing by to coach you—or do the work for you.
3. Wave improved its software and has addressed many customer complaints in its latest redesign, including adding 1099 payroll support, duplicate transaction management, and cash-basis accounting.
4. Additionally, your cost may rise with add-ons like payroll, payment processing, or professional bookkeeping services.
5. When everything is neatly where it belongs, tax time is simple.

Unlimited accounting, starting at free.

Plus, you can calculate sales tax automatically, customize payment terms and enjoy access to easy-to-understand cash flow insights. It also features a well-laid-out, clutter-free dashboard with individual tabs for sales, purchases, accounting, banking, payroll and reports. Make it easy and convenient for your clients to pay top 12 key business principles examples you need to know by offering options like bank transfers, credit cards, and online payments.

Find effective ways to grow your business

We provide different levels of support, depending on the plan and/or the add-on features you choose. Users of the free plan are limited to using Wave’s Help Center or Mave, the support chatbot. Fortunately, the Help Center provides plenty of guides and information to help with most issues, and the software is intuitive enough that this support option will be sufficient for most users.

Invoice, scan receipts & more

You can enjoy features such as unlimited income and expenses tracking, digital receipt upload and transaction management and access its invoice mobile app at no cost. You can effectively analyze the financial health of your business, find ways to generate more profit, and move forward with your business plan. Email exported financial statements and reports to your accountant directly from Wave. Or even better, with our Pro Plan, safely hand off your books to your accountant by adding them as a limited user. Since Wave uses accountant-approved, real double entry accounting, your accountant will have all the information they need. This free, easy-to-use accounting software is great for small businesses, especially for eCommerce, but lacks in project management, budgeting, and inventory tracking.

Automate the most tedious parts of bookkeeping and get more time for what you love. It’s been one of the best decisions I’ve made when it comes to making sure my accounting is on point. Ready to invoice in style, bookkeep less, and get paid fast?

Yes, switching from other accounting apps or products to Wave is easy! See our step-by-step guide on how to import bookkeeping data into Wave here. Powerful, easy-to-use accounting software that has everything you need to confidently run your business.

The vendors that appear on this list were chosen by subject matter experts on the basis of product quality, wide usage and availability, and positive reputation. Let us know how well the content on this page solved your problem today. All feedback, positive or negative, helps us to improve the way we help small businesses. You can file yourself with assistance or have your taxes filed for you. “It’s not just a cool piece of software, it is giving peace of mind to people.” You deserve to know your taxes aren’t something you have to sweat over the entire calendar year.” Wave has helped over 2 million North American small business owners take control of their finances.

Keep your income flowing with the help of flexible payment options, and money transfers in as little as two days. With Wave, you have access to expense tracking, bank reconciliation, and reporting to help you manage your finances. Wave also has some of the most appealing invoices on the market. Wave also offers time-saving automations, such as recurring invoices, automatic billing, and receipt scanning.

And even better, get rid of late payments with Wave’s Pro Plan features like automated reminders and recurring invoices. Wave is designed specifically for small business owners to use, no matter what kind of bookkeeping background they come from. The software supports multiple companies and offers personal accounting as well. Wave improved its software and has addressed many customer complaints in its latest redesign, including adding 1099 payroll support, duplicate transaction management, and cash-basis accounting. The checkout feature is one-of-a-kind and a great addition for business owners who need to charge multiple customers quickly. If you’re a startup, micro-business or sole proprietor who doesn’t want to invest in accounting software but needs to keep track of your finances, Wave Accounting is a great option.