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Wave

4.3(318 reviews)

Wave is a comprehensive, cloud-based accounting software tailored for small businesses, freelancers, and entrepreneurs. It offers a suite of financial tools designed to simplify bookkeeping, invoicing, and payroll processes, enabling users to manage their finances efficiently without the need for extensive accounting knowledge. Key Features and Functionality: - Accounting: Track income and expenses, manage cash flow, and access detailed financial reports such as profit and loss statements and balance sheets. - Invoicing: Create and send professional, customizable invoices with ease. - Payments: Accept online payments through credit cards and bank transfers, facilitating faster transactions. - Payroll: Run payroll for employees and contractors, with automatic tax calculations and filings in supported regions. - Receipts: Scan and store receipts to track and organize expenses efficiently. - Mobile App: Manage invoices, expenses, and receipts on-the-go, ensuring financial oversight anytime, anywhere. Primary Value and Solutions Provided: Wave addresses the common challenges faced by small business owners in managing their finances by offering an integrated platform that combines accounting, invoicing, and payroll functionalities. Its user-friendly interface and automation features reduce the time and effort required for financial management, allowing users to focus more on growing their businesses. Additionally, Wave's commitment to security ensures that sensitive financial data is protected, providing peace of mind to its users.

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G2 Rating

4.3/ 5.0
318 reviews

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AI Analysis by G2· May 2026

Wave is a web-based accounting software that allows users to manage their financial data, send invoices, and connect multiple accounts.

Pros

  • Users like that Wave is easy to use, offers a free tier, and provides features such as automatic invoice reminders, the ability to handle multiple types of credit cards and ACH transactions, and a simple user interface.

Cons

  • Reviewers noted that Wave has limited free features, removed certain features such as the ability to file 1099s without a full subscription to their payroll service, and has a slow payout process after invoices have been paid.

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