Is Wave completely free?

The core accounting, invoicing, and receipt tracking features are entirely free. Optional services like payroll and payment processing incur fees based on usage.

Can I accept online payments with Wave?

Yes, Wave integrates with payment processors like Stripe and PayPal to allow your clients to pay invoices online via credit card or bank transfer, for which standard processing fees apply.

Does Wave offer payroll services?

Wave Payroll is offered as a paid add-on, but it is currently only available for businesses operating in Canada and the US (excluding Florida).

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Wave

Freemium

accounting

Wave offers a comprehensive suite of free financial tools designed specifically for small businesses and freelancers to manage their accounting, invoicing, and receipt tracking.

Try it out

Wave provides essential financial software for small businesses, offering features like accounting, invoicing, receipt scanning, and payment processing. It streamlines financial management by allowing users to connect bank accounts, track expenses, send professional invoices, and generate financial reports, all from a unified platform. Its key differentiator is its robust free core accounting software, making it highly accessible for startups and self-employed individuals looking to minimize overhead costs.

Pros

Completely free accounting and invoicing software, reducing overhead for many small businesses.
User-friendly interface, making it accessible for individuals without extensive accounting knowledge.
Integrated payment processing for invoices, simplifying client payments.

Cons

Limited payroll features, and payroll services are only available in certain regions.
Customer support primarily relies on online resources and email, with limited phone support.
Does not offer inventory management, which can be a drawback for product-based businesses.

Key features

Double-entry accounting, including general ledger and chart of accounts.
Unlimited customizable invoicing and estimates.
Bank and credit card connections for automatic transaction imports.
Receipt scanning and expense tracking.
Financial reporting (profit & loss, balance sheet, sales tax reports).

Integrations

Stripe (for invoice payments)PayPal (for invoice payments)Etsy (for sales data import via third-party tools)Shopify (for sales data import via third-party tools)Google Workspace (for document management)Zapier (for broader automation with other apps)

Target audience

Freelancers, independent contractors, consultants, and very small businesses (1-9 employees) seeking free, comprehensive accounting and invoicing solutions.

Ratings & Reviews

0.0

Based on 0 reviews

Key Metrics

Active Users

2M+

Founded

2009

Headquarters

Toronto, Ontario/Canada

Pricing Tiers

Accounting, Invoicing & Receipts

Full-featured accounting, unlimited invoicing, receipt scanning, and financial reporting.

Free

Payments by Wave

Accept credit card and bank payments on invoices. Rates apply per transaction.

2.9% + $0.30 per credit card transaction, 1% per bank payment (min $1)

Wave Payroll

Automated payroll processing (available in Canada and US only, excluding FL).

Starts at $20/month base fee + $6/employee/month or $35/month base fee + $6/employee/month depending on payroll type

Frequently Asked Questions

Top Alternatives to Wave

QuickBooks

Popular alternative with overlapping features and a strong user base.

Sage

Well-regarded competitor with similar workflows and integrations.

Xero

Trusted option for teams comparing capabilities and pricing.

Ready to get started?

Join thousands of users and see how Wave can transform your workflow today.

Visit Wave