Pricing Model: Freemium

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Wave is one of the leading free small business accounting solutions. It offers an excellent collection of features which makes it ideal for small business up to 10 members. Freelancers, consultants, and entrepreneurs can also use it. The app offers a great dashboard which makes it easy to access different section of the software. With Wave, you can efficiently manage the whole accounting process and eliminate the need to do manual work every step. It can be used to generate invoices, do tax management and much much more! The best part is that Wave solution is entirely free of cost.


  • Income and expenditure tracking
  • Automated invoicing and billing
  • Online payment supported
  • Easy Invoice creation
  • Handles receipt
  • Tax management
  • Great dashboard
  • Great community

They offer support through their support page: https://support.waveapps.com/hc/en-us. They don’t seem to have dedicated support services. However, you can join their community for getting help from fellow users.

3 Reasons to buy

  • Compared to others the price is reasonable
  • Offers free plan with multiple advanced features
  • A contender in Best Accounting Software For Small Business (2020 Compared)

1 Reasons not to buy

  • Lack of features compared to other solution in this category

Key Features

  • Online invoicing
  • Electronic payments
  • Expense tracking
  • Accounting reports & taxes
  • Automatic expense import
  • Data import
  • Credit card processing
  • Request deposits
  • Apply discounts to invoices
  • Automatic tax calculations
  • Profit & Loss
  • Multi-currency
  • Recurring billing
  • Cash Flow Statement
  • Account Reconciliation



  • Freemium
  • Accounting software: $0, no setup fees, no hidden charges.

    Receipt scanning: $0, no setup fees, no hidden charges

    You can learn what they offer in each of the above packages by checking their pricing page: https://www.waveapps.com/pricing

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After analyzing 4similar solutions the data above show that QuickBooks offers the lowesest starting price while FreshBooks offers the highest entry price.That being said is also worthtaking a closer look at whats on offer because sometimes you may get way more value for a solution with a higher entry price and vise versa

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