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Wave Review (Formerly Wave Accounting)

This free, easy-to-use accounting software is great for small businesses, especially for eCommerce, but lacks in project management, budgeting, and inventory tracking.

    Erica Seppala
  • UPDATED

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Wave At A Glance

  • Wave is cloud-based accounting software that’s absolutely free to use.
  • Additional business services, including payroll, payment processing, and professional bookkeeping can be added on for a fee.
  • Wave offers a robust set of accounting features at no cost but does lack more advanced features like project management and inventory management.

Erica Seppala

Erica Seppala

Editor & Senior Staff Writer at Merchant Maverick
Erica began writing on small business topics in 2008. She joined Merchant Maverick in 2018 and focuses on loans, accounting, and POS. She is a Certified ProAdvisor for QuickBooks Online and QuickBooks Payroll. She has been cited in MSN, Reader's Digest, Vox, U.S. News & World Report, and Real Simple. She is a graduate of Limestone University and resides in Greenville, South Carolina.
Erica Seppala
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The Merchant Maverick Seal of Approval 🏆

Wave


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After hours of in-depth research and evaluation, we can confidently recommend this brand to our readers. Get started today and see Wave for yourself.

The Merchant Maverick Seal of Approval 🏆

Wave


Visit Site

After hours of in-depth research and evaluation, we can confidently recommend this brand to our readers. Get started today and see Wave for yourself.

Sources

To learn more about how we score our reviews, see our Accounting Software Rating Criteria.

237 Comments

Responses are not provided or commissioned by the vendor or bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the vendor or bank advertiser. It is not the vendor or bank advertiser's responsibility to ensure all posts and/or questions are answered.

    Senthil

    Organization Name: Maanavar

    I recommend no one use this app for their business transaction. They won’t ask you any ques while you create an invoice or while your client pays. Instead, they will ask all questions later and will delay payment for more than 10 days.They will hold your money and use it for their own purpose. Who gave them the right to hold my money for more than 10 days. importantly they will charge you 3.6% of your transaction amount for this worst customer service

    1

    This comment refers to an earlier version of this review and may be outdated.

    Josh Whitford

    Organization Name: Josh Whitford Properties

    Least responsive software is very kind. I don’t want this review to get banned, or I would be leaving very profane language here. DO NOT USE THIS SOFTWARE!!! Finally got a tenant to pay their past balance and late fees, not realizing that they would pay it through this god awful software, or that it was possible to do that. I just used it to send an invoice. Now Wave is holding $11,000 hostage and they won’t give it to me or give it back to my tenant. How is this company even in business? Any ideas would be appreciated.

    This comment refers to an earlier version of this review and may be outdated.

    Jessica Dinsmore

    Hi Josh,

    We are so sorry to hear you are having to go through this! While this isn’t exactly a common occurrence, unfortunately, this has happened before. According to Wave, anyone that uses the Payments service is subject to a risk review. If a manual assessment is required, funds can be put on hold for up to 65 days, after which time the funds would be refunded. The client that sent the funds can work with their bank to have funds returned sooner. We would encourage you to reach out to Wave directly to discuss this issue and to work to come to a speedy resolution. We wish you the best of luck!

    This comment refers to an earlier version of this review and may be outdated.

    Bill Knoche

    Organization Name: LessTalkSelling

    It has to be the least responsive operation I have ever encountered. One star is three stars higher than it should be rated. It came with a high recommendation from a tech guy I respect. When I have a few days t cool off, I will reach out to him and ask why he was endorsing such a complex operation to get any help from

    1

    This comment refers to an earlier version of this review and may be outdated.

    Christi Gardner

    Organization Name: Nora James jewelry

    What kind of “company” doesn’t provide a phone number! The customer service is atrocious!!! Whatever you do don’t try and change your banking information or click instant payouts! “Account under review “ and NO help!!!!!!!!

    This comment refers to an earlier version of this review and may be outdated.

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