Wave 2026: Benefits, Features & Pricing

On this page

Overview
Pricing and Plans
Features
User Reviews

Overview

Wave

4.6

(16)

Pricing

Pricing available upon request

About Wave

Wave is an idea management software that helps organizations capture, collaborate, evaluate, refine, select and nurture ideas. It enables organizations to build sustainable innovation and improve their efficiencies, operations and new product launches.

Wave includes end-to-end idea management features and has gamification elements to engage the workforce and foster a company-wide culture of innovation. It provides automatic duplicate detection to avoid redundancy. Additionally, the platform offers analytics and insights, enabling organizations to make informed decisions about their innovation efforts.

Wave Screenshots

Wave Pricing and Plans

Starting price: Pricing available upon request

Free Trial

Free Version

Pricing available upon request

No plan information available

Wave Features

Popular features found in Idea Management
Approval Workflow
Brainstorming
Commenting/Notes
Idea Ranking
Ideation
Mind Maps
Prioritization
Status Tracking
Task Management
Workflow Management
More features of Wave
Activity/News Feed
Collaboration Tools
Gamification
Idea Collection

Wave User Reviews

Overall Rating

4.6

Ratings Breakdown

63%

38%

Secondary Ratings

Ease of Use

4.4

Value for money

4.8

Customer support

4.4

Functionality

4.3

Have you used Wave and would like to share your experience with others?

Susan M S.

Verified reviewer

Used daily for more than 2 years

Review source

Reviewed October 2017

WAVE Small Business Invoice and Accounting is FREE

It's FREE and great for invoicing!

Ratings Breakdown

Ease of use

Value for money

Customer support

Functionality

Pros:

Need I say more, it is FREE. For several years I have used WAVE mainly for invoicing and billing. One of the snazzy features on the invoice is the smart PDF button that allows client the ability to click and pay on the invoice. Quicker pay, better business. Another new add-on WAVE recently added was bank transfer option (ACH) for payments. The fee is 1% instead of the 3-4% for credit cards. WAVE does offer reports but gears toward small businesses or sole proprietors. The accounting features are limited compared to software such as Quickbooks or Xero. To set up the accounting, you'll need to be familiar with accounting. If you fully utilize the software, be sure to review the entries at least weekly to keep up and to ensure accuracy. Wave is set up to integrate your Paypal transactions along with importing your bank account(s). Payroll has been added too with features of direct deposit transactions and timesheets. I recommend using WAVE for small business, freelancers, and sole proprietors due to cost, invoicing, and accounting needs for service oriented businesses.

Cons:

For billing, I wish WAVE offered a column for date and flat rate option. Sometimes the bank importing does not work, therefore, the accounting information may be inaccurate which could be costly for tax preparation and planning.

Cliff D.

Verified reviewer

Marketing and Advertising

Self-Employed

Used daily for more than 2 years

Review source

Reviewed November 2019

Wave accounting software for small business

I'm super happy with wave! I will continue to use it until I absolutely outgrow all the features!

Ratings Breakdown

Ease of use

Value for money

Customer support

Functionality

Pros:

This online software has more than everything you'll need for a small business to get going. I especially love how I can automate and send invoices which I can get paid for online via credit card or buy paper check in the mail. It also keeps track of your expenses after you input the data for easy tax preparation.

Cons:

there are one or two tiny bugs that maybe a few times a year are screwy when sending an automated invoice. For example. The person I send my automated invoices to had left the company and updating the email address did not fix the problem. I have to go in and close the customer and then reopen it to enter the new email address. Overall though, not a biggie for a free product.

Reasons for switching to Wave

Many more features including automated recurring invoices.

Jamie J.

Verified reviewer

Design

Self-Employed

Used monthly for more than 2 years

Review source

Reviewed November 2020

Quickbooks alternative

Works great and happy to keep my reports in order

Ratings Breakdown

Ease of use

Value for money

Customer support

Functionality

Pros:

The app functionality and that my accounts sync all in one place

Cons:

Sometimes I have to log back in to my bank account

Reasons for choosing Wave

No monthly fee

Reasons for switching to Wave

No monthly fees with wave

Stephan K.

Verified reviewer

Real Estate

2-10 employees

Used daily for less than 6 months

Review source

Reviewed May 2020

Great software

Very stable, great product. I use it for various small companies.

Ratings Breakdown

Ease of use

Value for money

Functionality

Pros:

Complete package, all you need. Linked into banks, credit cards, etc. All you need. Very easy to get started on bookkeeping. Works great with foreign currency.

Cons:

A bit unflexible, but as it is free, I can work with it (would love more templates for invoices and customizable dashboard).

Reasons for switching to Wave

Quickbooks was too expensive for these small companies.

Kirby C.

Verified reviewer

Writing and Editing

2-10 employees

Used other for more than 2 years

Review source

Reviewed March 2019

I love Wave because I run my own business, hate accounting, and it does the work for me!!

I own my own business. Wave has saved me every year with its quiet, in the background tracking. Every six months I worry that I should be doing more, paying more attention to my transactions and tracking them, then I open Wave...worried...but I see that Wave has it all under control. With a few clicks, I approve and categorize what I spent money on, what I paid my freelancers, etc. Then, I close it down and don't even think about it again for six months. Wave lets me do what I do best—run my creative business. It handles the scary stuff—accounting and easy tax season.

Ratings Breakdown

Ease of use

Value for money

Customer support

Functionality

Pros:

It lets me leave it alone! It does all the work for me! I don't have to check it every day or every month! I can spend a few hours before tax day every year with Wave, and I am super relieved to see it's been following along with my transactions, tracking and logging what I've done, linked the bank accounts, intuitively followed my suggestions on what charges go into what categories, etc. I travel full time too, so I have alot of random business transactions. Wave is perfect for my needs. It's super intuitive, very easy, and it's FREE!

Cons:

There's nothing not to like. Even someone like me, who hates accounting and hates doing taxes, hates checking on this stuff...even I don't mind my tax season with Wave. If it's made me not dread tax season, there's nothing not to love!

Verified

Reviewer

Information Technology and Services

1001-5000 employees

Used weekly for less than 2 years

Review source

Reviewed January 2022

Wave for accounting

Quick customer support when required, good feature set, outside of them removing the main feature which is why we chose Wave. We are now looking elsewhere.

Ratings Breakdown

Ease of use

Value for money

Functionality

Pros:

Wave makes accounting and keeping track of your invoices very easy. Interface is friendly and you don't need to be a accountant to get many tasks done.

Cons:

Wave used to have a feature of scanning your receipts, it would then figure out what was on it, and record the items. ie it was from ABC Company and it was $100 + 10 tax. Each item attached to their own category for accounting. This feature, arguably the best feature has been removed :(

Verified

Reviewer

Animation

Self-Employed

Used weekly for less than 12 months

Review source

Reviewed February 2019

Decent record keeping software

I'm an independant contractor and Wave is great for tracking receipts, expenses, bills, and invoices. Of the apps and software I've tried, it's the best of the free options

Ratings Breakdown

Ease of use

Value for money

Functionality

Pros:

Taking photos in app is really conveinient

Cons:

The file organization leaves quite a bit to be desired. Once files are up and named there's little else you can do with them

Verified

Reviewer

Computer Software

11-50 employees

Used monthly for less than 2 years

Review source

Reviewed January 2021

Wave by Acuvate

We really needed something that all of the team members can log into and use. This is a great tool for that.

Ratings Breakdown

Ease of use

Value for money

Functionality

Pros:

The setup was very easy. It is easy to submit ideas and collaborate with the internal team members.

Cons:

We were not a huge fan of the gaming addition as we do not use it.

Reasons for choosing Wave

We wanted something that was easy to use and good for collaboration

Jacqueline B.

Verified reviewer

Legal Services

Self-Employed

Used other for less than 12 months

Review source

Reviewed July 2020

Amazingly Easy to Use

Overall my experience has been positive I am able to set up my letterhead on my accounts and ease of sending the invoices and sending it to multiple parties at the same time is a bonus

Ratings Breakdown

Ease of use

Value for money

Functionality

Pros:

I love that this product numbers my invoices sends reminders attaches to my main accounts so many different things I like about this not enough space to write

Cons:

I’m not sure if it was a setting that I did but it sent a reminder out to a client when I didn’t want to reminder sent.

Verified

Reviewer

Information Services

Self-Employed

Used other for less than 6 months

Review source

Reviewed February 2019

Great Accounting Software!

Ratings Breakdown

Ease of use

Functionality

Pros:

Wave offers a great product! I love that they make receiving payments and tracking accounting so easy and all for free for small businesses. Thanks Wave!!

Cons:

My least favorite feature is the credit card processing fees.

Showing 1 - 10 of 16 Reviews

Load More Reviews