Wave Software


 

Wave is a web-based integrated accounting solution exclusively designed for small organizations. Collectively, the solution features accounting, invoicing, billing, payment tracking, payroll management, finance management and receipts.

With the bank reconciliation feature, businesses can link their bank accounts, PayPal accounts and other sources of data for real-time transaction records. Businesses can also generate reports such as balance sheets, sales tax reports and account receivable and payable reports with Wave accounting.

Wave accounting system also provides an invoicing tool to collect money, and users can choose the template of their choice as per the organization’s needs. Invoices can be sent via email, and the system's payment processing allows users to collect credit card payments.

Wave's payroll module (supported in the U.S. and Canada) comes with features such as direct deposit and employee self-service. The personal finance tool features a budgeting tool, real-time investment tracking and a dashboard for personal finance management.

 

Wave - Dashboard
 
  • Wave - Dashboard
    Dashboard
  • Wave - Accounting
    Accounting
  • Wave - Invoices 1
    Invoices 1
  • Wave - Invoices 2
    Invoices 2
  • Wave - Invoices 3
    Invoices 3
  • Wave - Payments
    Payments
Supported Operating System(s):
Windows 7, Windows Vista, Windows XP, Mac OS, Linux, HP-UX, AIX, Solaris, Unix, IBM OS/400, Web browser (OS agnostic), Windows 2000, Windows 8, Windows 10

521 Reviews of Wave

 

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Software Advice Reviews (95)
More Reviews (426)

Showing 1-20 of 95

NATHAN from Www.northcentralholdings.com
Specialty: Construction / Contracting
Number of employees: 1 employee Employees number: 1 employee

October 2018

October 2018

Free Accounting Software

Ease-of-use

Functionality

Product Quality

Customer Support

Value for Money

Great value for the investment (free) the paid version offered a few more support options, steer clear of you are in construction, currently you'll want quickbooks or another app that has project accounting for those lines of business, otherwise Wave is great!

Pros

The feature set of Wave truly sets them apart from the competition, especially when they are offering the services free.
Wave offers a mobile app to help manage expenses and business functions.
There is a robust chart of accounts platform making organization easier than quickbooks.
Wave also has payment and bank account integrations which could save a business owner hundreds of hours of work per year, however this function is clunky.

Cons

This would not be a good platform for construction companies as there is not any project accounting functions.
There are also no good ways to migrate from quickbooks to Wave. I simply reported my data from quickbooks and have it filed, there is no import functions.

Review Source
 
 

Ailyn Mae from Aprisa Business Process Solution Inc
Specialty: Banking & Mortgage
Number of employees: 1,001-5,000 employees Employees number: 1,001-5,000 employees

October 2018

October 2018

Wave - best small business accounting website

Ease-of-use

Functionality

Product Quality

Customer Support

Value for Money

Pros

This application is a user-friendly and very useful especially for small and medium business. It helps the business grow by providing basic accounting services. Another thing that i really like is that the software is Free! it includes basic accounting services such as invoicing and receipting

Cons

The application is totally free that is why I don't have any difficulties or predicament on this product.

Review Source
 
 

Belinda from Seed Stock Media, llc
Specialty: Other
Number of employees: 2-10 employees Employees number: 2-10 employees

October 2018

October 2018

Simple Online Invoicing - Accounting Tool

Ease-of-use

Functionality

Product Quality

Customer Support

Value for Money

As a small freelance shop, we needed an invoicing program with accounting capabilities that was simple to learn and use as well as being flexible enough for multiple devices. We tried several other programs but they were either too expensive or too complicated, with many functions we didn’t need, or were too hard to learn. It took very little time for us to learn and set up Wave Accounting for our office and start using the invoicing feature. We're quite pleased with the program.

Pros

We found Wave to be easy to learn and set up and it allowed us to connect to both bank and credit card accounts. Invoicing is easy and flexible allowing us to download a pdf and attach to an email for a client or to send directly from Wave. Our clients can print the invoice and mail us a check or pay online with a credit or debit card through Wave. Wave’s fees are competitive for processing the funds. The funds are directly deposited into our connected bank account, usually within two business days. The invoicing features were our biggest need and the program allows us to send the invoice, send reminders, mark paid and send receipts.
Setting up the chart of accounts was probably the most challenging, but there is a default chart which can be edited or added to and we easily found tutorials online. Their customer service was quite responsive to our questions.
The reports function gave us what we needed for monthly, quarterly and year-end reporting. All in all, Wave was a great solution for our invoicing and accounting needs.

Cons

We needed some specific tax calculations but found there was no way to add a specific formula into the tax account. This requires manual entries for us. Because the program is a streamlined accounting version, which is what we really like, it does have some limitations.

Review Source
 
 

Beth from do it simply
Specialty: Software / Technology
Number of employees: 2-10 employees Employees number: 2-10 employees

October 2018

October 2018

A good basic free accounting software

Ease-of-use

Functionality

Product Quality

Customer Support
N/A

Good introductory software.

Pros

Free and easy to set up. This was a big plus for a business that wanted to start using invoicing. Another key positive is that it integrates with Zapier.

Cons

Hard to find things. The layout of business accounting compared to creating/using invoices, and recording payments is not that logical.

Review Source
 
 

Erica from Leasing & Etc
Specialty: Real Estate
Number of employees: 2-10 employees Employees number: 2-10 employees

October 2018

October 2018

Wave apps

Ease-of-use

Functionality

Product Quality

Customer Support

Value for Money

Pros

I love that this is an awesome product with great great affordability! It’s really better than its pricing!

Cons

You can’t access estimates on the app. You can only create or view estimates on a desktop not on a mobile device

Review Source
 
 

Sutra from Creative Travel & Events, LLC
Specialty: Hospitality / Travel
Number of employees: 2-10 employees Employees number: 2-10 employees

October 2018

October 2018

Great start for Small Business

Ease-of-use

Functionality

Product Quality

Customer Support

Value for Money

Pros

Easy to use and understand. Great customer service and training to help you get a good start with getting things going.

Cons

Wish there was more reporting options like some of their competitors. Doesn't offer cash basis if your business needs this type of accounting

Review Source
 
 

Mofoyeke from Redberyl Management Consulting Ltd
Specialty: Consulting
Number of employees: 2-10 employees Employees number: 2-10 employees

September 2018

September 2018

HASSLE FREE

Ease-of-use

Functionality

Product Quality

Customer Support
N/A
Pros

The mobile interface is really amazing. And I love the reminders wave sent when I have a payment that is overdue. It keeps me on my toes not to relax on payment collection and what more, I have ditched physical and PDF receipts. All my invoicing, receipt issuance and payment capturing are now done online
I can write so much about wave !
I LOVE IT!

Cons

I don't know if it's me not getting the settings right but I can't seem to figure out how to add another business to make 2 on my wave Android app. Other than that, I absolutely love WAVE. so complaints here

Review Source
 
 

Chio from www.ch1o.com
Specialty: Software / Technology
Number of employees: 1 employee Employees number: 1 employee

September 2018

September 2018

Manage your money and get paid

Ease-of-use

Functionality

Product Quality

Customer Support

Value for Money

Pros

It's specially great for freelancers and small biz. I love the fact that you can send invoices from the platform with a neat feature for card payment, right into your client's inbox! Keep track of your money in's and out's, It really helps you make better money decisions!

Cons

The could greatly improve the support for european taxes, payment methods and customer support, it's a little short.

Review Source
 
 

Erika from Forever Young Productions
Specialty: Other
Number of employees: 2-10 employees Employees number: 2-10 employees

September 2018

September 2018

Wave

Ease-of-use

Functionality

Product Quality

Customer Support

Value for Money

Pros

Fantastic option for small business, especially if you are not into using quick books. Love the receipt entry feature, it is surprisingly easy and quick to input

Cons

The only downside is it was a little confusing to learn to use for first timers new to bookkeeping. There are a few video tutorials available to help

Review Source
 
 

Tracy from Tracy's Tax Services
Specialty: Accounting / CPA
Number of employees: 1 employee Employees number: 1 employee

August 2018

August 2018

Great for convenience billing

Ease-of-use

Functionality

Product Quality

Customer Support
N/A
Value for Money

Pros

The ease of setting up invoics and being able to email them to your client giving the the option of paying with credit card

Cons

The long process of setting up the bank account and the processing fee to except a credit card payment

Review Source
 
 

Katlyn from advanced care
Specialty: Healthcare / Social Services
Number of employees: 11-50 employees Employees number: 11-50 employees

August 2018

August 2018

Wave app review

Ease-of-use

Functionality

Product Quality

Customer Support

Pros

It has multiple programs for access. Such programs include invoices, payroll, and keeping tract of money spent.

Cons

The only issue I had with this program was integration. I tried to integrate with the program I use for staffing and it was an unconvince.

Review Source
 
 

John from JB Legal Services
Specialty: Legal
Number of employees: 2-10 employees Employees number: 2-10 employees

August 2018

August 2018

Cannot handle Australian GST

Ease-of-use

Functionality

Product Quality

Customer Support

Value for Money

Pros

Free. There are no pros if it doesn't work so the pro is Free. Being Free is the pro. There are no more pros.

Cons

Can't work with GST. Imports bank lines incorrectly, sometimes showing same transaction on 3 days. Puts stripe fees in without GST (ie wrong). Cannot write invoices as GST inclusive. Links transactions incorrectly, joining a bank transfer btwn accounts with a credit card purchase. No search function. No sort. Can't find transactions at all.

Review Source
 
 

Jean from Tahoma Vista Fiber Mill
Specialty: Agriculture
Number of employees: 2-10 employees Employees number: 2-10 employees

August 2018

August 2018

Integrates all of my Finances

Ease-of-use

Functionality

Product Quality

Customer Support
N/A
Pros

Wave is free. The functionality is as good as or better than the paid services I've investigated. I have multiple small businesses, and I can move transactions from one to another easily. I use it for all of my invoicing, and the online payment system works well for my customers. Easy to set up and use, very flexible.

Cons

I wish it had point of sale. That would make it absolutely perfect. It's close now, but I'm dreaming of one application that provides accounting, payroll and point of sale at a price I can afford with my start-up business.

Review Source
 
 

Francois from Hybrid Power Solutions
Specialty: Engineering
Number of employees: 2-10 employees Employees number: 2-10 employees

July 2018

July 2018

Simple Accounting Software - FREE

Ease-of-use

Functionality

Product Quality

Customer Support

Value for Money

Pros

- Free for almost all features
- Good customer service
- Great for companies under 5 employees
- Invoicing and payroll are extremely simple

Cons

- May not work for larger companies
- Reconciliation can be a little complex
- App for receipts is slow and crashes from time to time

Review Source
 
 

Robinson from Southern Rad Spec
Specialty: Consulting
Number of employees: 2-10 employees Employees number: 2-10 employees

July 2018

July 2018

Excellent Freemium off-the-shelf accounting product

Ease-of-use

Functionality

Product Quality

Customer Support

Value for Money

Pros

Free! This is a brilliant idea by Wave to upend Quickbooks' monopoly on small business bookkeeping. The product is immensely similar to QB which is a good thing.

Cons

As with all accounting software it can be annoying to learn to use. Additionally it doesn't learn patterns very well - every Uber charge is a transportation cost! Learn it!

Review Source
 
 

Randy from Rosario Designs
Specialty: Software / Technology
Number of employees: 1 employee Employees number: 1 employee

July 2018

July 2018

No support when needed and lost revenue

Ease-of-use

Functionality

Product Quality

Customer Support
N/A
Pros

The application seems simple enough, looks good and with some patients is navigable. Intergration with bank would have been sweet (see below) and the over all design is pretty good.

Cons

If you try setting up a bank for invoices and transactions to receive monies, it gets pretty scary. You give the program your banking info and then poof. It disappears. Nothing is setup and the notice that you should receive a email from their support center is only non existent but when you follow the link and create a ticket my experience is that it goes to an un-monitored email box. Sent my ticket in and NEVER heard back from the support team. I lost time, money and integrity with my client as I now have to go back and ask them to pay me again because my bank account NEVER saw the payment they submitted using the Wave Invoice I sent them. Should have and most likely will download the QuickBooks app and pay for that instead.

Review Source
 
 

Jose from Rivera Corp.
Specialty: Consulting
Number of employees: 2-10 employees Employees number: 2-10 employees

July 2018

July 2018

a great financial platform very helpful for a small (and mid size) business

Ease-of-use

Functionality

Product Quality

Customer Support
N/A
Value for Money

Pros

many modules to use with all the options to manage accounting, billing, accounts receivable, assets, etc. All the info in one place, with automation features, to ensure a small business is focus in its product and not in running the books.

Cons

not one that I've found, the product runs in the cloud and it's versatile enough to take the worries out of the daily operation. A financial person would be required to run the software.

Review Source
 
 

Sheri from Allied Staffing, LLC
Specialty: Other
Number of employees: 11-50 employees Employees number: 11-50 employees

July 2018

July 2018

Simple to Use, Straight-forward Functionality

Ease-of-use

Functionality

Product Quality

Customer Support
N/A
Value for Money

Pros

I liked this product for sending out invoices - it made everything really quick and simple. Very user-friendly, didn't have to have any experience to jump in and start using it.

Cons

There's not a whole lot else we could do with Wave - we ended up having to move to a larger platform as our company grew, but it was great and I'd recommend it for any start-up.

Review Source
 
 

Tyler from EKR
Specialty: Marketing Services
Number of employees: 11-50 employees Employees number: 11-50 employees

July 2018

July 2018

Great invoicing software for small businesses

Ease-of-use

Functionality

Product Quality

Customer Support

Value for Money

This is the best invoicing software I have used in my 5 years as a consultant. It's much easier to use than QuickBooks and far cheaper as well.

Pros

Easily create customized invoices
Easily create recurring invoices
Manage small business accounts and balances

Cons

Bank account unlinks from the account easily making it so you have to relink your account information frequently.

Review Source
 
 

Jordan from Paradise Valley Spas
Specialty: Retail
Number of employees: 51-200 employees Employees number: 51-200 employees

July 2018

July 2018

Great invoicing software

Ease-of-use

Functionality

Product Quality

Customer Support

Value for Money

Pros

Upon doing research on all of the invoicing apps available, I decided to go with Wave because it is easy to use and even easier to train members of my team to use.

Cons

I wasn't able to import an inventory csv. I had to add every item one at a time and that was the only frustrating thing about the software. Nonetheless, I continued to use Wave to go fully digital and get invoices to customers faster.

Review Source
 
 
 
Showing 1-20 of 426

Jeremy from Magenta Tech
Number of employees: 1 employee Employees number: 1 employee

October 2018

October 2018

Amazing solution for billing and accounting!

Ease-of-use

Functionality

Product Quality

Value for Money

Ease-of-use
Usability
Functionality
Functionality
Product Quality
Quality
Value for Money
Value

Since switching from doing all my billing manually, I've saved a ton of time and repeated "nagging" to get paid. Wave gets me paid, and does so quickly and efficiently. I've yet to put all my accounting into their system, but seeing the features they have for accounting makes me want to get started (as soon as I have the time). I highly recommend Wave, and have demo'ed or tried many of their competitors before making my decision.

Pros

Recurring invoices made easy, multiple payment options, numerous customization options, accounting features, iOS apps for billing and expense receipts.

Cons

Credit Card fees and Bank ACH fees are a tad higher than normal, but is comparable with everyone else. The Auto-numbering prefixes of recurring invoices are not customizable.

Review Source: Capterra
 

Justin from Punxsy Computer
Number of employees: 2-10 employees Employees number: 2-10 employees

October 2018

October 2018

Best free accounting software

Ease-of-use

Functionality

Product Quality

Value for Money

Ease-of-use
Usability
Functionality
Functionality
Product Quality
Quality
Value for Money
Value

Wave makes it easy to manage your money, without having to spend more on software.

Pros

It's easy to use, and since it's web based, it is available on any device. It integrates with banks accounts and auto-imports transactions.

Cons

It always recommends you to use their paid services, which is totally understandable, and is even done in a fairly non-intrusive way.

Review Source: Capterra
 

Sourav from Indradhanush Academy
Number of employees: 1 employee Employees number: 1 employee

October 2018

October 2018

The best accounting software for startups and freelancers

Ease-of-use

Functionality

Product Quality

Customer Support

Value for Money

Ease-of-use
Usability
Functionality
Functionality
Product Quality
Quality
Value for Money
Value
Support

This is the only accounting software I use and have used over the years for my business so I could say it has solved a huge business problem for me, Acoounting.

Pros

The experience with Wave has been awesome. When I first came accross this software I could not believe the fact that they were giving this away for free, everything except the payroll feature of this software was free. Invoicing, unlimited ledgers, journal entries, cashbook, p/l account, balance sheet and beautiful charts to report finances over a period. Being a the owner of a small company and a freelancer Wave has been a life saver against all the expensive accouting software out there.

Cons

To be honest there is nothing I would like to complain about but since I want to unbiased there is just one thing they could improve on and that is the time taken to save new transactions is a bit slow and the UI looks terrible on mobile. That is to say it is not mobile friendly, and they do not have a native application for mobile as well.

Review Source: Capterra
 

Ron Elius from Ron Elius Santos Copywriting
Number of employees: 2-10 employees Employees number: 2-10 employees

October 2018

October 2018

Accounting Software that’s really easy to use great for Freelancers

Ease-of-use

Functionality

Product Quality

Customer Support

Value for Money

Ease-of-use
Usability
Functionality
Functionality
Product Quality
Quality
Value for Money
Value
Support

Free and Easy to use!

Pros

Who would have thought that this awesome Software is powerful, clean, works well and most of all FREE? Accounting by Wave is totally FREE without strings attached.
This is perfect for Freelancers who are in the beginning stage and who doesn’t want to get overwhelmed with Numbers and just want to give amazing Results for their Clients.
I’m satisfied and happy using this Free Software.
Yep, it’s not only for Freelancers but also for Small Businesses, Solopreneurs and Entrepreneurs.
The UX and UI of Wave is amazingly easy to navigate.

Cons

So far, I never had any issues and I’m satisfied using this Software. Although, this is good for beginners because its free, the main issue that might pop-out will be the advanced reporting.

Review Source: Capterra
 

Jorge from LibreCar
Number of employees: 2-10 employees Employees number: 2-10 employees

October 2018

October 2018

A Wave of features and it's free!

Ease-of-use

Functionality

Product Quality

Value for Money

Ease-of-use
Usability
Functionality
Functionality
Product Quality
Quality
Value for Money
Value
Pros

It's free! Aside from that, it's a robust software, very friendly and easy to use. It's fairly customizable for any business needs and very simple to setup up and start running. Did I mention it's free?

Cons

It could use some tweaks here and there. There are a couple of extra features that could be useful, for example, registering a single payment to cover several invoices from the same customer.

Review Source: Capterra
 


October 2018

October 2018

Love it!

Ease-of-use

Functionality

Product Quality

Ease-of-use
Usability
Functionality
Functionality
Product Quality
Quality

My business is new. Wave has made it simple to track payments and outstanding invoices for follow up!

Pros

Payment reminders! No need for an awkward conversation. Simply send the reminder!

Cons

I wish there was some sort of inventory management integration for persons with many SKUs

Review Source: Capterra
 

Sherri from iAssist Virtually
Number of employees: 2-10 employees Employees number: 2-10 employees

October 2018

October 2018

Great option for those on a shoestring budget!

Ease-of-use

Functionality

Product Quality

Customer Support

Value for Money

Ease-of-use
Usability
Functionality
Functionality
Product Quality
Quality
Value for Money
Value
Support

I've been happy with it so far. Sometimes my accounts don't sync properly or they get disconnected, so I have to go back in and connect them.

Pros

The price for the overall functionality. It may not be the most robust, but it's the most affordable option out there.

Cons

It leaves a bit to be desired compared to other options like Quickbooks, but the price is worth it and it gets the job done.

Review Source: Capterra
 


October 2018

October 2018

Wave Apps for Self Employment

Ease-of-use

Functionality

Product Quality

Customer Support

Value for Money

Ease-of-use
Usability
Functionality
Functionality
Product Quality
Quality
Value for Money
Value
Support
Pros

This is an easy to use and easy to learn software for free.

Cons

Not as fully featured as quickbooks and charges a little extra to process payment.

Review Source: Capterra
 

Michael from OrangeWave Creative Media
Number of employees: 2-10 employees Employees number: 2-10 employees

September 2018

September 2018

Accounting for small businesses made easy

Ease-of-use

Functionality

Product Quality

Customer Support

Value for Money

Ease-of-use
Usability
Functionality
Functionality
Product Quality
Quality
Value for Money
Value
Support
Pros

Wave has really helped my small business in tracking expenses, invoices, quotes and transactions. Before, we had a Google spreadsheet where we tried to remember to put our hours in, calculate costs to send to clients, and just emailed them a PDF version of the spreadsheet and a PayPal invoice so they could pay us. Now, we can do all of that through Wave's FREE version! It's much easier (and much more professional looking) to send an email through Wave where we can process credit cards or they have an option to mail us a check. It's been great!

Cons

Wave has been adding app features for awhile, but I still haven't seen (at least on Android) an all inclusive Wave app as of yet. I have a Receipts app and an Invoice app, but sometimes I like to check my account and my transactions while on the go and while I can go to the website on my phone, it isn't the best experience.

Review Source: Capterra
 

Johnny from Prayer House Coffee
Number of employees: 2-10 employees Employees number: 2-10 employees

September 2018

September 2018

Wave is great software!

Ease-of-use

Functionality

Product Quality

Customer Support

Value for Money

Ease-of-use
Usability
Functionality
Functionality
Product Quality
Quality
Value for Money
Value
Support

I have used Wave for two of my small businesses and it's fantastic. It was so easy to setup and works seamlessly with my bank account.

Pros

Ease of use, functionality, cost, online access, and Invoice creating!

Cons

The software has no cons. We love everything about it. Feature rich!

Review Source: Capterra
 


September 2018

September 2018

Perfect for the Accounting needs of a Freelancer

Ease-of-use

Functionality

Product Quality

Value for Money

Ease-of-use
Usability
Functionality
Functionality
Product Quality
Quality
Value for Money
Value
Pros

I love the simplicity of the software that is honed in on the specific needs of freelancers, entrepreneurs, and sole-proprietors. Although there are not many features, all the ones that exist are carefully selected -- invoice customization, the visualization of the budget and expenditures, crafting my tax information to make taxes easy at the end of the year - all these elements make my life a little less hectic.

Cons

I wish the receipt-reading software was more sophisticated, but I do like that it can read my receipts at all and that it can connect it to my bank account to match up expenses.

Review Source: GetApp
 

Mary from 88Keys Studio
Number of employees: 1 employee Employees number: 1 employee

September 2018

September 2018

Great Option for a Small Business

Ease-of-use

Functionality

Product Quality

Value for Money

Ease-of-use
Usability
Functionality
Functionality
Product Quality
Quality
Value for Money
Value
Pros

Wave offers a lot of great features for being a free service. I like the easy customization of each invoice and the ability to email each invoice directly to a client quickly.

Cons

I am not able to print checks from Wave or batch print invoices.

Review Source: Capterra
 


September 2018

September 2018

Wave Apps 5 Stars

Ease-of-use

Functionality

Product Quality

Customer Support

Value for Money

Ease-of-use
Usability
Functionality
Functionality
Product Quality
Quality
Value for Money
Value
Support
Pros

It is user-friendly​ and extremely simple for a non-technical person to comprehend. I have used is for many of many of my clients and this has reduced their billable hours.

Cons

There have been no major cons. I just wish that the customer service team was better or more easily accessible.

Review Source: Capterra
 

Tony from AO Tech Solutions
Number of employees: 1 employee Employees number: 1 employee

September 2018

September 2018

Accounting at its finest.

Ease-of-use

Functionality

Product Quality

Customer Support

Value for Money

Ease-of-use
Usability
Functionality
Functionality
Product Quality
Quality
Value for Money
Value
Support
Pros

This software makes accounting a walk in the park. It reminds my clients for me when invoices have not been paid yet. I can take payments directly through the application.

Cons

No cons to list per say. This solutions provides everything I need for running my business.

Review Source: Capterra
 

Paul from Southside Fellowship
Number of employees: 2-10 employees Employees number: 2-10 employees

September 2018

September 2018

Happy I found this!

Ease-of-use

Functionality

Product Quality

Value for Money

Ease-of-use
Usability
Functionality
Functionality
Product Quality
Quality
Value for Money
Value

So happy to find this tool. We used QB for our small business but it was overkill and insanely expensive for our small business. We then tried AccountEdge for about two years until it became cost prohibitive to use. (Each of these companies just got really pushy about upgrading and using their payroll features. Which I don't need for a one-person business!)

Pros

The cost is right and it does everything we need for our one-person business

Cons

Some advanced features are not as intuitive as I would like.

Review Source: Capterra
 

David from Wells Counseling Services, PLLC
Number of employees: 2-10 employees Employees number: 2-10 employees

September 2018

September 2018

Useful financial option rather than quickbooks

Ease-of-use

Functionality

Product Quality

Customer Support

Value for Money

Ease-of-use
Usability
Functionality
Functionality
Product Quality
Quality
Value for Money
Value
Support

We use for income statements, expenses, and transaction detail.

Pros

We can sync with our accounts, monitor income and expense and compare annual trends.

Cons

It limits the reports and statistics available in reports and requires in-app purchases to gain access to premium features. I also wish you could manipulate the report layouts more.

Review Source: Capterra
 

Melissa from Operations Made Easy LLC
Number of employees: 1 employee Employees number: 1 employee

September 2018

September 2018

Riding the Wave for now..

Ease-of-use

Functionality

Product Quality

Value for Money

Ease-of-use
Usability
Functionality
Functionality
Product Quality
Quality
Value for Money
Value

I use Wave for my small business invoicing. Generally speaking it keeps good track of my income and expenses, and has good reporting. I can easily produce a Balance Sheet or P&L for my accountant, and creating invoices to customers is super easy. There is no cost to use Wave unless you elect their advance features, and they do allow for electronic payments with a small fee. I am happy with Wave for the price, although it by no means has the capabilities of a true accounting program like QB.

Pros

If I'm being honest, I use Wave because its free. It's the most basic form of an accounting program, and it allows for invoicing and reporting. It also takes payments for a small fee, which is a great add on if you want to take online payments and not deal with checks coming in. For my small business, it does the job, but not without some small frustrations. Overall, for the relatively low volume of invoicing that I perform it does a good job, and my invoices have a very professional look to them (logo added, brand colors, etc.).

Cons

Bank reconciliations are painful. The method of reconciling a bank statement does not provide for any sort of reconciliation report, and you are often faced with having to change date ranges to check off an expense or income.

Review Source: Capterra
 

Rebekkah from Wise Elephant Consulting
Number of employees: 1 employee Employees number: 1 employee

September 2018

September 2018

When you want to start for free, this is the best.

Ease-of-use

Functionality

Product Quality

Customer Support

Value for Money

Ease-of-use
Usability
Functionality
Functionality
Product Quality
Quality
Value for Money
Value
Support

So far, I really love it. I just reconciled my first month, and I'm super pumped!

Pros

I like that they try to teach you about accounting in the ebooks they send you.

Cons

The matching of your receipts through the app and your transactions isn't great. I am still trying to figure out how to make them sync together.

Review Source: Capterra
 

Lauren from CAMPUS CHURCH OF CHRIST INC
Number of employees: 1 employee Employees number: 1 employee

September 2018

September 2018

Great For Just Starting Out

Ease-of-use

Functionality

Product Quality

Ease-of-use
Usability
Functionality
Functionality
Product Quality
Quality

Accounting by Wave is perfect especially for new small business owners like myself. I love that I can easily send professional looking invoices and keep track of my income for when taxes come around. It's been a huge help and I always recommend Wave to my small business friends.

Pros

I love that I can produce professional looking invoices and send them out with ease to my clients. The invoicing feature is by far what I use the most and what I love about using Wave. It's simple and clean and keeps me organized. I don't have to worry about saving documents because it's all on Wave.

Cons

I wish I could clean up my "Products & Services" for simpler invoicing, but because some services/products have been in an invoice, I can't delete or my archived invoices will be messed up.

Review Source: Capterra
 

Renee from Easton Neuropsychology
Number of employees: 2-10 employees Employees number: 2-10 employees

September 2018

September 2018

Loved this product, except for all the duplicate transactions

Ease-of-use

Functionality

Product Quality

Value for Money

Ease-of-use
Usability
Functionality
Functionality
Product Quality
Quality
Value for Money
Value
Pros

I really wanted to keep using this software. I found it reviewed on Capterra, and I was looking to get away from Quickbooks which gouges small businesses (in my opinion). I just wanted simple accounting software that did what it was supposed to, and the fact that Wave was web-based was a plus. Wave has a lot of features. It is much, much easier to set up a bank feed than it is in quickbooks. It is very user friendly. Lots to like.

Cons

I couldn't keep using this software, because of the duplicate transactions. I think it is made for people who just feed their transactions from their bank or credit card fees; however, I need to add transactions manaually and then have the program match them. Wave didn't seem able to do this, and I ended up with lots and lots of duplicates. I didn't have the time to go in and fix them all manually and find them. So the product was a no-go for me, and took too much time. However, if you are just going to let your bank feeds do the work for you, it is probably wonderfu. :)

Review Source: Capterra