Info Table
TierFree Plan (Freemium), Paid Plan
Affiliate ProgramYes [view all]
White LabelYes [view all]
APIYes [view all]
SupportYes
 [email protected]
Social Media Platforms     

Description

Wave offers a suite of financial tools tailored for small business owners, including invoicing, online payments, accounting, and payroll. Designed for simplicity, its features help users track cash flow, reduce unpaid invoices, and streamline tax preparation. With options for expert advisory services and secure data encryption, Wave supports businesses in managing finances efficiently and confidently.

Founded in2009
Location🇨🇦 Canada
Founders Kirk Simpson

Plans

Starter
$0
Create unlimited estimates, invoices, bills, and bookkeeping records
Option to accept online payments
Invoice on-the-go via the Wave app
Manage cash flow and customers in one dashboard
PRO Plan
$16/month Billed monthly
Everything in Starter, plus….
Option to accept online payments at a discounted rate
Auto-import bank transactions
Auto-merge and categorize bank transactions
Digitally capture unlimited receipts and track expenses
Automate late payment reminders
Refund Policy

Wave does not provide refunds or credits for cancellations or partially used subscriptions, as stated in their terms of service.

Ratings

g2(4.3/5)
capterra(4.4/5)

Ai Opinion

AI Rating(4.4/5)

Based on reviews from various sources, www.waveapps.com earns a 4.4/5 stars rating.

What users like: Easy-to-use interface, customizable invoicing templates, unlimited invoices, quick setup, professional-looking invoices, online payment options, excellent invoice tracking, helpful year-end reporting, accountant-friendly software, secure data connections, and peace of mind during tax season.

What users don't like: Limited data integration, issues with profit and loss reports, no global search function, limited customer support for non-paying users, and some users find the Pro plan features not worth the cost.

Conclusion: Wave is highly praised for its user-friendly interface and robust invoicing features, but it has some limitations in terms of data integration and customer support.

Expert Opinion

Expert Rating(4.5/5)

I recently tested Wave, a comprehensive financial management platform designed for small business owners. Here is my detailed review:

Wave stands out for its user-friendly and intuitive interface, making it an excellent choice for entrepreneurs and freelancers who lack formal accounting knowledge. The platform offers a suite of tools, including invoicing, payments, accounting, payroll, and advisory services. Its invoicing feature is particularly impressive, allowing users to create professional invoices quickly and enabling clients to pay via credit card, bank transfer, or Apple Pay with just one click. This not only reduces unpaid invoices but also speeds up the payment process significantly.

One of Wave's biggest strengths is that many of its core features are free to use, such as invoicing and accounting. This makes it a highly attractive option for small businesses operating on tight budgets. Additionally, its cloud-based nature means there’s no need for installation—everything is accessible online or via the mobile app for managing invoices and payments on the go. The platform also ensures data security with 256-bit SSL encryption and PCI-DSS compliance.

However, there are some limitations to consider. While the free features are robust, advanced functionalities like payroll are only available in select regions (currently the US and Canada) and come at an additional cost. Customer support is also tiered based on the plan you choose, which might be a drawback for businesses requiring immediate assistance. Furthermore, Wave lacks some of the advanced customization options found in premium accounting software like QuickBooks or Xero.

In conclusion, Wave is a fantastic solution for small business owners seeking an affordable yet powerful tool to manage their finances. Its ease of use, essential features, and cost-effectiveness make it a standout choice in the market. While it may not cater to businesses with highly complex needs, it provides peace of mind and simplicity for those looking to streamline their financial processes.

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