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Wave Accounting reviews
3.5 (4 reviews)

Wave Accounting is a user-friendly financial management software designed for small businesses. It simplifies accounting processes, enabling business owners to concentrate more on business growth. The software offers features such as invoicing, receipt scanning, and direct bank connections. It also provides payroll services in selected countries. Wave Accounting is accessible online, making it convenient for users to manage their finances anytime, anywhere. Its primary aim is to make financial tracking seamless and efficient for small businesses.

  • 01Pros and cons from reviewers
  • 02Main features
  • 03What is Wave Accounting?
  • 04How Wave Accounting compare to similar software?
  • 05Who is Wave Accounting best for according to our reviewers?
  • 06Wave Accounting reviews

Pros from reviewers

  • Ease of use: Wave Accounting has a user-friendly interface that is easy to navigate, even for those without a financial background

  • Cost-effective: The software offers excellent value for money with fair pricing, no hidden costs or subscriptions, and only a reasonable percentage taken from invoice payments

  • Variety of tools: Wave provides a range of reporting and tracking tools, including the ability to create invoices, receive payments, view and print reports, and monitor money owed

  • Immediate money transfers: A standout feature for freelancers is the immediate money transfers once an invoice is paid, with the money taking only 2-3 days to transfer

  • Free and customizable: Wave Accounting is free with unlimited accounts and customizable templates, making it a flexible solution for small businesses and freelancers.

Cons from reviewers

  • Limited customer support: Despite being a user-friendly platform, Wave Accounting has been criticized for its limited customer support, particularly for free users

  • Lack of advanced accounting tools: While Wave Accounting offers basic accounting features, it lacks some advanced tools that could be beneficial for more complex accounting tasks

  • Issues with bank syncing: Some users have reported problems with their bank accounts not syncing with the software, leading to difficulties in managing transactions

  • Unresolved bugs and poor communication: There have been complaints about unresolved bugs within the software and poor communication from the Wave Accounting team in addressing these issues

  • Difficulty with third-party integrations: While Wave Accounting has a user-friendly interface, setting up integrations with third-party applications can sometimes be complex and problematic.

Main features

Starting Price

N/A

Free Plan

No

Automated bookkeeping

Account reconciliation

PCI compliance

SSL security

Easy invoicing

What is Wave Accounting?

Wave Accounting is a cloud-based software designed to simplify bookkeeping for small business owners. It offers features like invoicing, receipt tracking, and generating financial statements. The software can connect with bank accounts to automatically sync transactions, eliminating manual data entry. It also integrates with third-party apps like PayPal and Stripe. Wave Accounting is accessible on mobile devices, allowing entrepreneurs to manage their finances anytime, anywhere. The software is transparent with no hidden fees and offers a free option.

Who is Wave Accounting best for according to our reviewers?

  • Freelancers: Wave Accounting is a great tool for freelancers due to its simplicity, smooth operation, and excellent value for money. It offers immediate money transfers and customizable invoice templates

  • Small Businesses: Small businesses can benefit from Wave Accounting's user-friendly interface, fair pricing, and variety of reporting and tracking tools. However, it may not be suitable for complex accounting tasks

  • Administrative Staff: Wave Accounting is easy to use even with minimal training. It allows administrative staff to create invoices, receive payments, view and print reports, and monitor money owed

  • Consultancy Services: Wave Accounting is suitable for invoicing consultancy services and managing small business records. It's user-friendly with an intuitive interface and flexible invoice design options

  • UK Customers: UK customers may find Wave Accounting user-friendly and easy to reconcile accounts. However, the inability to electronically send VAT returns to HMRC may be a drawback.

    • Wave Accounting reviews

    3.5

    Wave Accounting rating

    4.5

    Ease of use

    4.0

    Customer service

    4.7

    Value for money

    4.4

    Likelihood to recommend

    4.2

    Features

    4 Wave Accounting reviews

    3.5 (4 reviews)

    • Dylan C

      WAVE HQ is Undoubtedly Among the Best.

      The review suggests that you need to look at the name in my display picture for assistance, otherwise you might end up waiting indefinitely.

      April 29, 2024

    • Jeremy W

      UK Users Require More from Wave Accounting

      As a UK customer, I used Wave Accounting for about 4 years and found it very user-friendly and easy to reconcile accounts. However, it was difficult to search for old invoices and the inability to electronically send VAT returns to HMRC was a major drawback, which led us to switch accounting software.

      April 22, 2024

    • Johnny F

      Effortless Accounting with Wave

      I value that Wave Accounting is free with unlimited accounts and customizable templates. However, I'm let down by the lack of online support for free users and absence of third-party integration solutions.

      April 15, 2024

    • Una D

      Thrilling Adventure with Wave Accounting App: A Lifesaver for Invoicing and Payments

      I absolutely love this app! I set up my account, prepared and sent an invoice, and was thrilled to be able to receive an AH payment through the Wave App. Six days later, I was surprised to find my account had been temporarily suspended due to receiving AH payments, but the $3, payment from my client was safely processed. It felt like a thrilling adventure, as a week passed and my money finally appeared in my bank account. This app is definitely not a scam, it's a lifesaver!

      April 13, 2024

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