What Wave does
Wave is an online accounting platform designed for small businesses and freelancers. It offers core bookkeeping functions such as income and expense tracking, invoicing, and financial reporting, accessible via a web browser. The product aims to simplify finances for entrepreneurs who want an easy-to-use solution without complex setup.
Wave positions itself among free accounting tools, making it attractive to business owners looking for essential features without a monthly fee. Typically, similar tools focus on automating basic accounting tasks rather than providing the in-depth customisation or advanced features found in enterprise products.
What sets it apart
Wave offers core accounting features for free, targeting small businesses and freelancers.
Key features
- ◆Invoicing tools
- ◆Expense tracking
- ◆Income tracking
- ◆Basic financial reports
What teams use it for
- Send invoices to clients
- Track business expenses
- Monitor income and payments
- Prepare basic financial reports
Pros
- +No monthly subscription for core features
- +Simple user interface for non-accountants
- +Accessible from any web browser
Cons
- −Limited advanced accounting features
- −Support may prioritise users of paid services
- −No advanced payroll or inventory tools
Our verdict
Wave is a notable choice for small businesses and sole traders needing basic accounting without high costs. Larger firms or those requiring advanced features may need a more specialised platform.
Frequently asked questions
Is Wave really free to use?+
Core features such as accounting, invoicing, and receipt scanning are offered without a monthly subscription. Some premium services, like payment processing or payroll, may carry additional fees.
Does Wave support payroll or advanced inventory?+
Basic payroll services may be available in select regions for an extra fee, but advanced inventory management is not a focus for Wave.
Can I access Wave from my mobile device?+
Wave is primarily web-based but may offer mobile-accessible features. Check the official website for current mobile support details.
Where can I see Wave's latest pricing for paid features?+
For details about fees for payment processing, payroll, or other paid features, visit the official Wave pricing page.
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