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Wave Accounting is a free, cloud-based accounting platform exclusively for small businesses. It supports double-entry bookkeeping and permits unlimited user access, invoicing, and expense management. Wave Accounting integrates with Wave's invoicing, receipt scanning, payment processing and payroll apps.https://media.trustradius.com/product-logos/4F/7m/TFABTGMTZHT4.PNGWe love WAVE for our Small Business CustomersWe use Wave Software for our small business clients who are getting started and need efficient and easy to use accounting software to manage their business finances, process payroll and have support for income tax preparation.,So easy to use and set up Easy to collaborate with our Clients Easy to view reports and share information in meetings with clients,The journal Entry Feature definitely could use improvements by allowing billable expenses to be posted to a Customer account Reporting is still very basic and needs enhancement - ability to generate custom reports is needed,8,Works very well with our small business customers so we are pleased,,,Fewer than 25% of my clients,7,4,Start-ups Mobile workforce Virtual Teams Fractional CFO,none so far,more mature companies as WAVE evolves,8,8,9,9Easy to use for the right client but doesn't not currently work well with large companies.I recommend it to many of my clients, set it up, monitor it and, in some cases, handle some of the date categorization. In some cases, clients use only the invoicing feature which provides us with information for revenue entries in our on-site software and information to process sales tax reports.,It does a wonderful job of invoicing and billing - great for tracking outstanding receivable and payables. Love the ability to add my own general ledger accounts. Entering journal entries is easy and provides needed flexibility.,We need to be able to create a template for general journal entries so that we don't have to enter every line on repetitive monthly entries. Need the ability to choose cash or accrual for sales tax reporting. Re sales tax liabilities, I really don't want a separate liability account for each sales tax jurisdiction. When I pay, I make one payment for multiple jurisdictions.,10,,10Wave reviewSole proprietor that is using it to keep books, send invoices, and prepare financial statements.,Auto download information from bank and credit cards and prepare financial statements that can be easily managed Prepare invoices, send and collect money via credit card Easy to understand instructions,Log in screen is confusing. You may end up creating a second account instead of logging in to your current one. It then takes customer service help to delete the second account.,9,,8
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Wave Accounting
108 Ratings
Score 8.8 out of 101
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Wave Accounting Reviews

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Wave Accounting
108 Ratings
<a href='https://www.trustradius.com/static/about-trustradius-scoring' target='_blank' rel='nofollow'>trScore algorithm: Learn more.</a>
Score 8.8 out of 101

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Feature Scorecard Summary

Pay calculation (19)
8.5
Benefit plan administration (4)
7.5
Direct deposit files (15)
8.4
Salary revision and increment management (10)
7.8
Reimbursement management (7)
8.3
API for custom integration (6)
8.7
Plug-ins (7)
8.6
Single sign-on capability (22)
8.8
Role-based user permissions (25)
8.0
Dashboards (45)
8.5
Standard reports (44)
8.5
Custom reports (21)
8.7
Accounts payable (38)
8.6
Accounts receivable (46)
9.2
Cash management (40)
8.1
Bank reconciliation (44)
7.6
Expense management (41)
8.5
Time tracking (7)
6.7
Fixed asset management (8)
7.9
Multi-currency support (15)
8.1
Multi-division support (9)
7.2
Regulations compliance (11)
5.9
Electronic tax filing (9)
6.3
Self-service portal (29)
8.3
Global Financial Support (2)
9.0
Primary and Secondary Ledgers (3)
9.2
Intercompany Accounting (3)
8.6
Localizations (2)
9.5
Journals and Reconciliations (14)
7.3
Enterprise Accounting (4)
7.5
Configurable Accounting (11)
8.0
Centralized Rules Framework (2)
8.5
Standardized Processes (9)
8.4
Inventory tracking (4)
7.1
Automatic reordering (5)
8.8
Location management (2)
8.5
Manufacturing module (1)
9
Pricing (18)
8.6
Order entry (12)
8.7
Credit card processing (32)
8.5
Cost of goods sold (23)
8.7
Order Orchestration (3)
8.0
End-to-end order visibility (3)
7.9
Order exception Resolution (2)
7.5

About Wave Accounting

Wave Accounting is a fast growing, free, cloud-based accounting platform exclusively for small businesses (less than 9 employees) offered by Wave in Toronto. It supports double-entry bookkeeping and permits unlimited user access to always-available records and reports, as well as unlimited invoicing and expense management. Wave integrates with expense tracking software Shoeboxed. The software is mobile-accessible.

Wave Accounting integrates with Wave's invoicing, receipt scanning, payment processing and payroll apps, into one relatively comprehensive package. However, the automated payments and payroll functionality must be purchased; the payments addition bills per transaction, and the payroll feature bills by number of employees over a flat rate. To support the free platform, Wave integrates advertisements from business partners. Thus these are a necessary facet of the service.

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Wave Accounting Technical Details

Operating Systems: Unspecified
Mobile Application:No