![]() ![]() Banking – Wave's bank account, Wave Money, is also available for $0. ![]() Read our Wave invoicing pricing guide to learn more about this software and its price point. Invoicing – Wave's invoicing service also costs $0, but it does charge users transaction fees.However, this service does lack project accounting functions, budgeting features, and stock handling tools, which makes it unsuitable for retail stores and businesses with advanced needs like health care providers and government agencies. It offers everything small ventures need to manage their finances, including income and expense tracking tools, solid reporting features, and unlimited bank card connections. Accounting – Wave's accounting software costs $0.It requires no contract, features no hidden fees, and businesses don't even need to use a credit card to get started. Yes, Wave's accountancy software is completely free. Advanced features – Scoring a dismal 0/10 for advanced features, Wave's tools are fairly basic, making it a poor choice for businesses with complex accountancy needs.Accounts payable – Wave's 7/10 accounts payable features are strong enough to get the job done but they aren't as competitive as QuickBooks' or Xero's.Financial reporting features – Wave offers decent financial reports, helping it secure a respectable score of 8.4/10 in the category.Value for money –With quality free plans available, Wave scores a perfect 10/10 score for pricing topping every other provider we've reviewed.Help & support – Phone and live chat support costs Wave users a premium, which is why the software only receives a lackluster score of 5.5/10 for its support options.Bookkeeping features – Wave scores a solid 9.5/10 score for bookkeeping features, proving that its offering is almost as strong as what is offered by QuickBooks and Freshbooks.Still playing the field? You can check out our comparison table to see how Wave compares against the top accountancy providers, too.īelow is a summary of Wave's main research findings, to help you gauge its suitability at a glance: So, scroll down to find out if Wave is right for your business, or use the links on the right to jump to specific sections. However, if you're after advanced features, like budgeting, projection, and stock management, you'd be better off with FreshBooks or Xero, as these are not offered with Wave.įrom its add-ons to its support options, there is a lot to discuss when it comes to this provider. In fact, with quality free packages available, businesses don't need to spend a dime to get started with Wave - the best value accounting software we've reviewed.īoasting a perfect score of 10/10 for accounts receivable features and a custom bill-scanning app, our research shows that Wave's toolkit isn't too far behind the costly alternatives either. Wave offers competitive accounting software, and is a great choice if you're running a side hustle and can do without the bells and whistles that come with pricier options. ![]()
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