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

605 Reviews of Wave

 

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Software Advice Reviews (105)
More Reviews (500)

Showing 1-20 of 105

Gail from Speech pathways of brevard
Specialty: Education
Number of employees: 2-10 employees Employees number: 2-10 employees

December 2018

December 2018

Easy to use

Ease-of-use

Functionality

Product Quality

Customer Support

Value for Money

Pros

Its free, easy to use, has a plethora of numerous features, great for business beginners.. Helps organize

Cons

I dont have many cons about this just yet, other then the customer service issues and its not good for big businesses

Review Source
 
 

Emily from Vacation Rentals of Santa Barbara
Specialty: Hospitality / Travel
Number of employees: 2-10 employees Employees number: 2-10 employees

December 2018

December 2018

Ride the Wave!

Ease-of-use

Functionality

Product Quality

Customer Support

Value for Money

Overall, I've been really impressed by the professionalism of Wave and would recommend their services.

Pros

This is a very intuitive, easy to use product that has a great free plan and can do some serious good for your business accounting. I haven't even tried all of the features Wave offers (I mostly just stick to the invoicing feature) but I'm constantly blown away at how in-depth and truly helpful this product is/ can be!!

Cons

Sometimes it seems like there is a little too much going on. Perhaps that's just me because I only use the product for one thing (invoicing) but it can be hard to navigate one of the features if you aren't already using all of the features (because they are integrated). This can be a blessing in disguise, as that it means a lot of accounting can be done all in one place, but for me, this has not been the case.

Review Source
 
 

Katlyn from advanced care
Specialty: Healthcare / Social Services
Number of employees: 201-500 employees Employees number: 201-500 employees

December 2018

December 2018

Wave Accounting Software Review

Ease-of-use

Functionality

Product Quality

Customer Support

Wave is a great accounting software. It is free to use and can be personalized to your needs.

Pros

For those who do not have an accounting background, wave is perfect! It is very easy to use and it's simplicity allows for anyone to easily navigate. My personal favorite, is that you can customize the invoices to fit your preferences and change them at any time!

Cons

It does not contain inventory tracking nor does it offer an option for integration with an inventory tracking software.

Review Source
 
 

Remington from David's Pasture LLC
Specialty: Agriculture
Number of employees: 2-10 employees Employees number: 2-10 employees

December 2018

December 2018

Wave is a great free accounting software.

Ease-of-use

Functionality

Product Quality

Customer Support
N/A

Wave has all you need in a basic accounting software, and it's free! They offer a mobile application, and integration with many other online software.

Pros

It is a free entry-level software. It is based online, so that you have constant access from any device with an internet connection. They have a mobile application that supports multiple devices.

Cons

There is no built-in inventory tracking, and they do not offer integration with any inventory tracking software. They offer nothing in the way of a sales receipt. It does not function well for quick sales transactions.

Review Source
 
 

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

November 2018

November 2018

Best Free Accounting Software

Ease-of-use

Functionality

Product Quality

Customer Support

Value for Money

I've tried others, and this is the best one out there. I continue to recommend it to any small business owners I meet.

Pros

I have multiple businesses, and Waveapps makes it extremely easy to do the dreaded chore of accounting. I can upload bank statements (if I used a large bank, I could even integrate them), accept payments, invoice and pay bills through the software. I can also easily move transactions around between accounts.

Cons

On the mobile app, I have trouble with moving transactions between accounts. I can do most everything else on the mobile version, but the drop down menus don't work on my iPad or iPhone.

Review Source
 
 

suresh from Yaazh Xenomics
Specialty: Education
Number of employees: 11-50 employees Employees number: 11-50 employees

November 2018

November 2018

Best free online tool for accounting

Ease-of-use

Functionality

Product Quality

Customer Support

Value for Money

Pros

We can access accounts from any place since it is cloud-based online accounting software. Best free tool in the market.

Cons

No major cons. if they include inventory / quote options it will be helpful and it attract maximum users

Review Source
 
 

Rebecca from Talbert Transport & Distribution
Specialty: Distribution
Number of employees: 11-50 employees Employees number: 11-50 employees

November 2018

November 2018

More features than Google maps

Ease-of-use

Functionality

Product Quality

Customer Support
N/A

I would still use this app, as sometimes on road trips it is hard to tell what the speed limits are.

Pros

There were a lot more features included than what were available in Google maps, such as speed limits, and it even told you if you were speeding.

Cons

It did not automatically find the shortest route, just the most travelled route, so it took me longer to get to my destination.

Review Source
 
 

paul from CHIPSWOOD
Specialty: Construction / Contracting
Number of employees: 2-10 employees Employees number: 2-10 employees

November 2018

November 2018

just don't trust them with receiving ach money transfers, and forget customer service

Ease-of-use

Functionality

Product Quality

Customer Support

Value for Money

google is suppose to be tops in high tech, but they can't even complete a transfer in a week, if that is high tech then every other payment handling software is god like. use this invasive program at your own risk!!!!!!!!!!!!!!!!!

Pros

it seeded to offer some good features that would have come in handy, including invoicing customers, and receiving payments

Cons

receiving electronic payment is a bunch of bull, i invoiced a customer, they sent payment through ACH, when i was notified it was sent i expected it within a day, 2 at the most, then i was notified it would take 4 days, but when the 4 days were gone i was told another 4 days, it will be well over a week to get an electronic payment, and customer service is just emailed excuses, refused to even talk on the phone. said this is normal business with them and i should be quiet and deal with it. don't trust this program!!!!!!!!!

Review Source
 
 

Kazim from thecareercafe.co.uk
Specialty: Media
Number of employees: 2-10 employees Employees number: 2-10 employees

November 2018

November 2018

Excellent For the Self Employed

Ease-of-use

Functionality

Product Quality

Customer Support
N/A

Its a great system which has save me loads of time and made me more commercially minded as a result. It's so empowering and makes book-keeping and annual reporting so easy, I am even thinking of ditching my accountant.

Pros

Revolutionized my book-keeping. Really easy to use. I set up all my bank connections quickly (including paypal which is a real bonus). It's really easy to then reconcile your income and expenses and report at the end. It automates and streamlines book-keeping and actually makes the accounts seem quite interesting.

Cons

The invoicing feature is not that attractive. A bit too pricey for my liking and not easy to set up. I don't use it personally, but that's mainly because I already use another payment system for that.

Review Source
 
 

Jena from Euro Prof LLC
Specialty: Construction / Contracting
Number of employees: 2-10 employees Employees number: 2-10 employees

October 2018

October 2018

Wave is for a really simple business structure

Ease-of-use

Functionality

Product Quality

Customer Support

Value for Money

Good tool for start ups

Pros

When I just opened my business this software was an excellent tool to track my business related costs. However, as the business structure gor more complicated, it became hard to keep records straight with this software.

Cons

One of the biggest cons of wave is that it’s not providing any tax related forms for businesses , such as 1065 and etc. I would think that a software should be able to produce at the end of the year a tax form that one could file with IrS, but this software doesn’t. Also, they do not file any payroll related tax forms in CT, where my business raised so I can’t use their payroll feature as for the same cost I can get access to other payroll providers who will file all necessary tax paperwork in CT .

Review Source
 
 

Nick from Envest Microfinance
Specialty: Accounting / CPA
Number of employees: 2-10 employees Employees number: 2-10 employees

October 2018

October 2018

Great free option

Ease-of-use

Functionality

Product Quality

Customer Support

Value for Money

Great option for small businesses who can't yet justify more expensive software

Pros

- Price (free)
- Easy user interface
- Convenient report functions
- Open API integrations for automated bank feeds

Cons

- Limited reports available -- not as many as Quickbooks for example
- A bit of a learning curve
- Not many accountants familiar with it, so you are more likely to purchase help if needed

Review Source
 
 

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
 
 

Natalie from Schwartz and Associates
Specialty: Legal
Number of employees: 2-10 employees Employees number: 2-10 employees

October 2018

October 2018

Perfect for on the go payments!

Ease-of-use

Functionality

Product Quality

Customer Support

Value for Money

Pros

Can easily track your receipts and payments and the attorneys are sometimes visiting clients outside of the office so it's great!

Cons

Sometimes it's slow but other than that I would recommend it to offices that need to track payments outside of the office.

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
 
 
 
Showing 1-20 of 500

Dave from City of Calgary
Number of employees: 2-10 employees Employees number: 2-10 employees

December 2018

December 2018

Great invoicing for small business

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 are creating professional looking custom estimates and invoices while offering clients multiple ways to make payments on their accounts

Pros

Ease of use in creating estimates, converting to invoices, and integrated payment processing

Cons

So far we haven't really found anything that doesn't work for our business

Review Source: Capterra
 


December 2018

December 2018

Small business use Wave

Ease-of-use

Functionality

Product Quality

Value for Money

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

Free for basic functions
Easy to use
Easy to learn
Great for starting a small business

Cons

No desktop application only web

Review Source: Capterra
 

Pegah from GUESS?, Inc.
Number of employees: 1,001-5,000 employees Employees number: 1,001-5,000 employees

December 2018

December 2018

Outstanding cloud based as well as web based Accounting solution for business

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

Overall I would say this is a wonderful product with advanced electronic processing and many other helpful features essential for income as well as tax reporting.

Pros

Accounting by waves is no doubt the best replacement of QuickBooks. It is incredibly smooth and super easy to use. It fulfills all the needs of small business comprising of several basic accounting functions. It provides quick ways of transferring money. It offers a very competitive rate in order to accept credit card as well as easy ways of bank payments.

Cons

Although this is an amazing product with much benefits. It will be more helpful if its team add the option of searching keyword in the Transaction section.If this option is included in this software then it will save much time of ours. Except this it is a great bookkeeping program. I am having no complaints about this tool.

Review Source: Capterra
 

Eric from SMS Masterminds
Number of employees: 1 employee Employees number: 1 employee

December 2018

December 2018

Incredible Feature Set For A Freemium Product

Ease-of-use

Functionality

Product Quality

Value for Money

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

I have access to an incredible feature set, while still using a free account, which is ideal for anyone who just moonlights for a few clients on the side. I'm able to invoice clients and accept credit cards without paying any membership fees.

Cons

I have no complaints; any limitations (i.e. number of clients I can manage) can be mitigated by upgrading to a paid account

Review Source: Capterra
 

Jack from JEM Software
Number of employees: 1 employee Employees number: 1 employee

December 2018

December 2018

Wave has amazing functionality for a free product, but it's not as good as it should be

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 been using Accounting by Wave for nearly three years. It was a replacement for my Simply Accounting program. I am forever wondering how Wave can afford to make such a polished product available at no cost. Initially, there were ads, but now that they have a revenue stream from additional services, the ads have been removed. I have opted not to use their in-built payment processing feature, but I imagine it would be similar to Paypal in terms of the fees. Day-to-day operation of the program is smooth. They use a Zapier interface to my bank to update balances and download transactions. This interface is quite slow, although the speed has improved somewhat over the years. As bank transactions are imported, they are categorized into various income/expense categories. I find the categorization to be fairly unhelpful. Even after the user changes the categorization of transactions, Wave does not remember these settings. The next time data is downloaded, it will use the same, incorrect categories as the previous time. Wave is currently rolling out a new version of their software, which promises improvements to the AI (artificial intelligence) capabilities. I hope this means they will remember user-defined categorizations, but until my account is updated, I cannot speculate. There is one VERY ANNOYING bug in the program that I have described in the CONS section, since I've run out of space here.

Pros

The software is FREE for everything other than PAYROLL and PAYMENT PROCESSING. If you don't use those components, there is absolutely no charge. For the most part, it is user-friendly and straightforward, and the quality of its printed invoices, customer statements and reports is top-notch. I really appreciate the ability to create recurring invoices (subscription billing) and view monthly income/expense bar charts for a 1- or 2-year period.

Cons

This is bookkeeping software that stresses simple data entry. However, it doesn't have features such as audit trails for transaction entries. With this program, it is possible to generate transactions, generate reports, and then reverse the transactions without any way of knowing that changes were made. Wave attempts to categorize your income and expenditures, but doesn't currently have the ability to remember your categorizations. But the thing I like least about this software is a BUG that causes the program to download bank transactions and incorrectly categorize them as duplicates of previously downloaded transactions if the transaction amounts match. This bug makes it difficult to find transactions when you are attempting to reconcile your transactions.

Review Source: Capterra
 

Brad from Better Bins Disposal
Number of employees: 1 employee Employees number: 1 employee

December 2018

December 2018

Hard to beat accounting software, 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

I have used Wave for several years now and have never had a serious issue. Highly recommend for anyone starting out on a budget for keeping up with their day to day business.

Pros

For free software with no ads or other catches, Accounting by Wave is hard to beat. The interface is easy to navigate and simple to understand. For a very small business that has a tight budget and needs basic business reporting accounting, this is perfect. It's also in the cloud, so you can access it anywhere there is an internet connection.

Cons

One drawback I see is that there isn't a way to easily back up your data. One click of "delete" and a transaction is gone for good.

Review Source: Capterra
 

Jon from Good Ink
Number of employees: 2-10 employees Employees number: 2-10 employees

December 2018

December 2018

Excellent accounting tool for 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

Incredibly easy to use interface. Setup is simple, even if you know very little about accounting. It's been a great tool for our small business.

Cons

The receipt capture app offered by Wave still only works half the time.

Review Source: Capterra
 

Luke from Corsia Logistics
Number of employees: 2-10 employees Employees number: 2-10 employees

December 2018

December 2018

Best Accounting 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
Pros

Its free ! Its very intuitive, modern design and its the perfect tool for small businesses.

Cons

There are no cons that we can think of at this time.

Review Source: Capterra
 

Shari from My One
Number of employees: 2-10 employees Employees number: 2-10 employees

December 2018

December 2018

Handle your finances with your "online accountant" free!

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

Overall, 10/10 would recommend, especially for freelancers who cannot afford an accountant (like me), but would like to keep digital record of your finances. It also adds a sleek professional look to your brand.

Pros

Wave absolutely changed my financial life. It helps me keep track of my income and expenditure with ease, so easy that I no longer procrastinate when I have to do up a quote or an invoice or log my expenses because wave makes it so easy to get it done! I also love how secure the app is, on my phone, only if my finger print is scanned it opens, and on the internet it automatically logs out after idle time, so no one can invade.

Cons

I wish there was an overall wave app for my smart phone, currently there's only a wave invoice app, and I would like to do estimates and log my expenses from my phone.

Review Source: Capterra
 


December 2018

December 2018

Wave For The Win!

Ease-of-use

Functionality

Product Quality

Ease-of-use
Usability
Functionality
Functionality
Product Quality
Quality
Pros

As a small business owner this software really comes in handy for keeping track of my accounts and sending out/ keeping track of estimates and invoices 10/10 would recommend to anyone running a small business.

Cons

The feature where you enter your income/expenses separately from invoices is a bit annoying because once you enter your credit or debit and you click save, if you don't create a new income or expense window then it just changes your previous entry that was supposedly "saved
"

Review Source: Capterra
 

Morgan from Grim Beard Productions
Number of employees: 2-10 employees Employees number: 2-10 employees

December 2018

December 2018

Great for tracking all of your financial data

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

I like being able to effectively manage all of my business finances in one place with their free app.

Cons

I don't like having to pay more to increase the features of the app.

Review Source: Capterra
 

Kevin from Agile Internet Marketing
Number of employees: 2-10 employees Employees number: 2-10 employees

December 2018

December 2018

Great Product but No QB Import

Ease-of-use

Functionality

Product Quality

Ease-of-use
Usability
Functionality
Functionality
Product Quality
Quality

Simple Accounting software that would fit most small business. Cheaper and easier to use the QB Online

Pros

Ease of use and pricing is excellent. Add ons available as needed.

Cons

Can not import complete history from QuickBooks so switching is not easy.

Review Source: Capterra
 

Lenana from Harleys Ltd
Number of employees: 201-500 employees Employees number: 201-500 employees

December 2018

December 2018

Reliable free accounting solution

Ease-of-use

Functionality

Product Quality

Customer Support

Ease-of-use
Usability
Functionality
Functionality
Product Quality
Quality
Support

Wave is a great accounting tool. It free to use and is fairly customizable. If you’re looking for a free accounting tool that’s easy to use and effective, you can never go wrong with Wave.

Pros

You don’t need any accounting experience to setup and use this tool. The invoices are clean and professional. You can also customize the invoice to match your needs and wants. Adding customer profiles is also easy and straightforward. The UI is well-designed and enjoyable.

Cons

Like most other free platforms, it has many users and getting the immediate attention of the support is not guaranteed. Wave should also add a field for CC email on each user. The mobile app is not intuitive. Also, at time wave loads slowly.

Review Source: Capterra
 

Charles from Damka Properties Consultants
Number of employees: 11-50 employees Employees number: 11-50 employees

December 2018

December 2018

the best free accounting platform, convenient and reliable

Ease-of-use

Functionality

Product Quality

Customer Support

Ease-of-use
Usability
Functionality
Functionality
Product Quality
Quality
Support
Pros

You don’t need to have an accounting background to use wave. The tools helps generate financial reports with ease. Overall UI is intuitive. Invoicing is also quick and easy with Wave. The tools allows me to generate invoices, send invoice to cleans and get notifications when an invoice has been received. I also hear wave links to over 80 banking institutions. (I have not verified this though)I also like the fact that I can all accounts by clicking a few buttons. It is free and could replace the popular Quickbooks

Cons

The mobile experience could be better. They should notify users when automatic payments fail. The platform can be slow sometimes. I also don’t like the fact that wave cannot generate a purchase order. Wave also needs to reduce the number of Google ads on their platform.

Review Source: Capterra
 


December 2018

December 2018

I love Wave!

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

I am able to send estimates and then turn those into invoices. I can set up recurring invoices and even auto pay. The accounting feature is free and a nice addition since I am already using the invoicing.

Cons

I wish there was a way to specify when an item on an estimate is monthly, annually, etc. Some of my estimates are confusing because there are things that are one time and other things that are monthly. It adds up weird or I have to create two estimates.

Review Source: Capterra
 


December 2018

December 2018

Love it, Minus Some Quirks

Ease-of-use

Functionality

Product Quality

Ease-of-use
Usability
Functionality
Functionality
Product Quality
Quality
Pros

Free fully-featured accounting software. Where else can you get that? It's hard to beat!

Cons

It claims to feature a PayPal integration, but handles the accounts very poorly. If I transfer funds from PayPal to my bank, it registers the bank transaction, but leaves the money in the PayPal account. It can't even ping the PayPal balance so I have ghost money in accounts that I have emptied into my main bank account. Very frustrating!

Review Source: Capterra
 


December 2018

December 2018

What I was looking for

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

The accounting and invoicing sections are the most helpful to me! you can connect to your bank account and track business transactions so much more easily!

Cons

I wish the processing time for payments was a little quicker. But, I talked to a customer service rep the other day and they said they are working to fix this in 2019.

Review Source: Capterra
 

Preston from DENTAL SMILES FOR KIDS LTD KENYA
Number of employees: 11-50 employees Employees number: 11-50 employees

December 2018

December 2018

Accounting by wave review

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

Generally, Wave is a wonderful tool. I have used it since I was employed and I have never experienced any problem with it. It is easy to have two or more people to manage it. My boss can see how many invoices we have created in a particular day. Hence I find it convenient.

Pros

It is easy to use and its free. I do send receipts and invoices to our clients whenever the receptionist is not around. I like how it is integrated with wave receipts hence easy to scan and post to accounting.
We do enter the bills using it making it easy for us to pay our creditors on time.

Cons

You can not use it without internet connection. That is the only drawback I have with it. It is a wonderful tool.

Review Source: Capterra
 

Melissa from Seres Consulting S.A.S
Number of employees: 11-50 employees Employees number: 11-50 employees

December 2018

December 2018

MEET MY NEEDS

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

Excellent tool to manage invoices and easy to use
pretty detailed tool, I like I recommend it

Cons

at the moment it works very well I have no negative comments to add

Review Source: Capterra
 

Phyllis from WeSchool Academy
Number of employees: 1 employee Employees number: 1 employee

December 2018

December 2018

Finally, Functionality & Free

Ease-of-use

Functionality

Product Quality

Ease-of-use
Usability
Functionality
Functionality
Product Quality
Quality

I needed to find a solution that would allow me to produce PNL reports. What I was using previously was not working favorably for me.

Pros

I find Wave to be extremely user-friendly with connecting bank accounts. The features are easy to understand and anything I need to change, to meet my business needs, I can. There is even a feature to integrate payroll and to send invoices. So, to have an accounting platform that has everything in one definitely saves money. Did I mention, it's free? Of course, if you want to utilize the payroll or to receive payments via invoicing, there is a fee for those services.

Cons

Honestly, there is nothing I dislike about this software. It seems to have everything I've been looking for in an accounting software and more.

Review Source: Capterra