About Wave Wave Financial

Get paid in as fast as 1-2 business days1, enhance your brand, and look more professional when you enable payments. Customers can click a Pay Now button on invoices and pay instantly by credit card, secure bank payment (ACH/EFT), or Apple Pay. You can accept credit cards and bank payments for as little as 1%2 per transaction. Wave’s invoicing is free and unlimited, with three customizable templates and a user-friendly interface, putting it on par with some of the best invoicing software solutions for small businesses. Other capabilities include recurring invoicing and the option to let repeat clients opt into automatic credit card billing.

We encourage you to research and compare multiple accounting software products before choosing one. Wave Accounting can be a great option if you run a very small service-based business or don’t need more advanced features that alternatives might offer. For small businesses any larger than that, however, Wave is limited. Unlike competitors, Wave doesn’t offer multiple plans to increase the software’s functionality.

  • Freelance rates can differ depending on experience level and industry.
  • Our robust small business accounting reports are easy to use and show month-to-month or year-to-year comparisons so you can easily identify cash flow trends.
  • After creating your account, everything’s set up so you can get started right away.
  • We provide different levels of support for customers who use different features and services from Wave.

This can help you save time and make financial decisions quickly. When equipped with the right accounting software, you can do more than just basic bookkeeping. You can effectively analyze the financial health of your business, find ways to generate more profit, and move forward with your business plan. Have an eye on the big picture so you can make better business decisions.

See all Wave app features

Wave is PCI Level-1 certified for handling credit card and bank account information. Allows an unlimited number of users, but is not complex enough for businesses with more than a handful of employees; ideal for very small service-based businesses, freelancers or contractors. Our partners cannot pay us to guarantee favorable reviews of their products or services. Create beautiful, free invoices that reflect your business branding.

Wave Accounting is free, but you will have to pay processing fees if you choose to accept invoice payments online. Wave also offers paid products for payroll, coaching and mobile receipt scanning. It’s hard to beat free accounting software, especially if you’re running a small business on a budget. With Wave, you receive a lot of features, like unlimited invoices and unlimited users, that are not always included with other free accounting software options, let alone paid accounting software plans. It also complies with accounting standards, uses double-entry accounting and helps automate the reconciliation process, which can help ensure accuracy and save you time.

Ratings are based on weighted averages of scores in several categories, including scope of features and integrations, customer support and cost, among others. Learn more about how we rate small-business accounting software. FreshBooks has an excellent mobile app that allows you snap photos of receipts, send invoices and track mileage. Once logged in, your main dashboard will show your cash flow, profit and loss, invoices, bills and other financial insights. From the dashboard (or the Banking menu on the left-hand side), you’ll be able to connect your bank and credit card accounts to automatically download and categorize your transactions. With the Wave Money business banking account, managing your business finances is a breeze.

Automate overdue reminders, set up recurring bills, and add notes or terms of service with ease. David Axler is the Chief Strategy Officer, focusing on formulating, communicating, and fulfilling Wave’s initiatives and future goals. With over five years at Wave, David brings an enthusiastic leadership style and unyielding service to our customers. Prior to Wave, David was a GM and Chief of Staff at a B2B technology company, Influitive, and was previously a management consultant with Deloitte. A graduate of the Rotman School of Management at the University of Toronto, he has a wealth of experience knowledge in business strategy and growth.

Wave: Small Business Software

Zoho Books offers a robust free plan, along with a range of paid plans that feature workflow automation. FreshBooks is an affordable option for freelancers and small service-based businesses that operate mostly on the go. Compared with free software like Wave, QuickBooks plans are expensive. The most basic plan, Simple Start, costs $30 per month, and the top-tier Advanced plan costs $200 per month, which is a sizable investment if you’re running a business on a tight budget.

Organized and stress-free small business accounting

Strong invoicing feature competes with that of paid products; app lets users send invoices on the go; offers significantly fewer reports than competitors; no inventory tracking. You can mark invoices paid on the spot, so your records are instantly up to date. Accept payments through credit cards and bank payments to get paid even faster, for a low, pay-per-use fee. Add credit cards and bank payments to get paid even faster, for a low, pay-per-use fee. NerdWallet’s accounting software ratings favor products that are easy to use, have a robust feature set and can grow with your business.

These ratings are meant to provide clarity in the decision-making process, but what’s best for your business will depend on its size, growth trajectory and which features you need most. Simplicity doesn’t always translate into ease of use. Less scalable products are typically simpler, but diminished functionality can cause headaches down the road for growing businesses.

Wave Accounting

Invoicing, payments, and banking all in one place that saves you time, gets you paid, and makes money management easy. The right small business accounting software can take the stress out of balancing your business’s books, separating your business and personal expenses, and prepping your business for tax season. For example, QuickBooks Online doesn’t have a free plan, but offers four paid plans, each with additional features, making it a great choice for scalability. With the higher-tier QuickBooks plans, you have access to inventory management, billable expenses and project profitability tools, none of which are offered with Wave. Every invoice paid means more revenue coming into your small business. Create and send professional invoices to your customers in seconds.

Your complete invoicing and billing process is now on your phone. Bank data connections are read-only and use 256-bit encryption. Servers are housed under physical and electronic protection.

Invoicing software 
that’s easy and free

For information on credit card rates, visit Pricing for details. Know when an invoice is viewed, becomes due, or gets paid, so you can take the right actions to manage your cash flow. Set up invoice bookkeeping for hair stylist reminders to automatically email your customers when payment is due. All your invoicing and payment information automatically syncs with our free accounting software included with your account.