Wave Accounting

Wave Accounting is a comprehensive, cloud-based accounting software designed for small businesses and freelancers. It integrates with Wave’s suite of financial tools to offer an all-in-one solution for managing business finances. Core features include bookkeeping, invoicing, payroll, and receipt scanning, all aimed at simplifying financial operations. Setting up Wave is quick and user-friendly, allowing business owners to create accounts and set up their businesses within minutes. The platform’s intuitive interface facilitates easy navigation and use of its features. Wave’s invoicing tool is notable for enabling the creation of professional, customizable invoices, managed through a mobile app that syncs with accounting records to ensure up-to-date bookkeeping. Additionally, Wave offers online payment processing, allowing businesses to accept credit card payments and bank transfers through invoices. This includes scheduled payment reminders and automatic payment options, streamlining the payment process with competitive fees starting at 2.9% + $0.60 per transaction. Another key feature is Wave’s payroll service, which supports direct deposits and helps manage payroll taxes. The platform also provides robust reporting tools for insights into business performance, aiding in informed financial decisions. Its user-friendly design, comprehensive features, and affordability make Wave a popular choice for small businesses and freelancers seeking an efficient, integrated financial management solution.

Wave stands out in the accounting and financial software market by offering a comprehensive suite of free financial tools, which is particularly beneficial for small businesses, freelancers, and solopreneurs. Unlike many competitors that charge a monthly subscription fee, Wave provides core functionalities such as accounting, invoicing, and receipt scanning at no cost, allowing businesses to allocate their budgets elsewhere. Its user-friendly interface is designed for simplicity and ease of use, ensuring that even those without extensive accounting knowledge can efficiently manage their finances and generate reports without needing extensive training or support. The intuitive design, straightforward onboarding process, and seamless integration with other financial tools further enhance the user experience. In addition to its core free services, Wave offers robust features tailored to the needs of small businesses and freelancers, such as customizable invoicing, recurring billing, automatic payment reminders, and multi-currency transactions. The receipt scanning feature, accessible via a mobile app, simplifies bookkeeping by allowing users to digitize and organize expenses easily. Wave also prioritizes security and compliance, employing bank-level security measures and PCI Level-1 certification to protect financial information. While its core services are free, Wave provides competitively priced additional features like payroll and payment processing, which integrate seamlessly with the free tools, offering businesses the flexibility to scale their operations as they grow. This combination of free and paid services makes Wave a versatile, secure, and cost-effective solution in the accounting software market.

• Small Businesses (1-99)
• Mid Market (100-500)
• Enterprise (500+)