- What is Wave
- Product Quality Score
- Main Features
- List of Benefits
- Technical Specifications
- Available Integrations
- Customer Support
- Pricing Plans
- Other Popular Software Reviews
What is Wave?Wave is a free online accounting software intended for those running a small business. The platform offers a plethora of accounting features to help business owners manage finances, create invoices, do billing, track payment, and manage payroll. Developers from Wave are releasing new features on each update to help improve accounting workflow. Affordable pricing of the software makes it a perfect choice for freelancers.
Product Quality Score
Main features of Wave are:
- Direct Deposit
- Direct CreditCard Payments
- Tax Calculations and Deductions
- Yearly Record Keeping
The main benefit of Wave is that it is free. But it doesn’t mean the features are cheap. They are robust and useful for a small business. Here are the details:
The basic features of this free tool have everything that competitors would normally charge monthly fees for. Its automated processing and invoicing keep users on top of their revenue operations.
Wave’s expense and income tracking tools give users an update on the financial health of their business. It also comes with a number of online payment options.
Moreover, Wave boasts of bank reconciliation functionality that allows business owners to link their bank accounts, third-party payment systems, and other data sources that display transaction records in real-time. Businesses can effectively come up with reports that include sales tax reports, payable reports, account receivables, and balance sheets.
The platform also contains an invoicing tool feature for monetary collection. Users can pick their preferred template as dictated by their company. In addition, Invoices can be sent through email while its payment processing lets users collate credit card payments.
The payroll functionality allows for self-service and direct deposit. Moreover, its personal finance option lets users track investments in real-time and manage their budget while its dashboard is made for easier management of personal finances.
If users are looking for basic functionalities that won’t require payment, then Wave is an excellent option. All in all, the platform gives users great value for money. The only thing that Wave charges for is the processing involved in payroll and credit cards.
For small businesses operating with around 20 employees or less, Wave is a cost-effective solution.
- Small business
- Medium business
The following Wave integrations are currently offered by the vendor:
No information available.
Wave pricing is available in the following plans: