Wave Review: Accounting Software Review

Focal Point:

A blend of online accounting and ERP features, combining to deliver a complete financial management suite for business of all size. Take advantage of general ledger, cash management, accounts payable and more.

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Company Overview:

Founded in 2009, Wave is one of a number of cloud-based software houses emerging which target the business sector. Specializing in online accounting solutions, Wave’s prestige belies its limited experience and provides a complete financial solution for small companies. Focusing on freelancers, contractors and entrepreneurs – Wave is responsible for more than more than 300,000 accounts and almost 50m transactions since launch. From its home in Toronto, Wave is earning new customers by the day and in an already saturated market; this is no mean feat. Oh and it’s completely free. Forever. No catch!

Packaging of ServicesSimple solutions to complex concepts – Wave’s single plan approach is a breath of fresh air that takes simplicity to a new level.
OrganizationWave’s suite of apps are designed to work together and offer seamless integration – from invoicing to payroll and every automation in between.
MobilityComplete compatibility with the cloud and produced to be used on mobile devices first, computers second.
Ease of UseOne-click and one-tap options for most tasks, you’ll find yourself twiddling your thumbs with nothing to do before long.

How It Saves You Time:

Wave eliminates the need for manual entry, by connecting directly so multiple data sources including PayPal, bank accounts, credit cards, Excel and more. Added to this – you can generate detailed branded reports in seconds – for your accountants, investors or board.

How It Saves You Money:

How does Wave save you money? For a start, it’s completely free. There are no costs involved and that in itself is going to net you a huge saving on accountancy fees. But specifically the ability to take payments through PayPal is going to be one of your biggest savers – with famously low transaction fees.

How It Saves You Hassle:

Wave is definitely a ‘lite’ accounting tool, meaning that you probably still need the input of an accountant to tackle returns and more complex tasks. But you’re saving hassle in huge ways by taking care of all the prep work yourself – which is almost all doable in ‘one-tap’ tasks on your smartphone.

How To Get Started:

The ‘Sign Up’ button is in the top right of every page on the website. Hit that, enter some basic details, verify your e-mail address and you’re away. There’s nothing to pay (did we mention that it’s free?!) so there’s no barrier to entry. Unlimited users, unlimited transactions – Wave is ready to take on your accounting straight out-of-the-box.

Price Chart:

Wave Accounting$0.00

Call us a broken record, but Wave’s accounting module is free. $0.00 per month, forever, with no limits. There’s not much more that we can say about that, Wave is offering an incredible service that rivals many of its paid competitors – for free. Let’s explain how they do it; Business Savings. Essentially you’ll see ads from companies like AmEx, Microsoft and Dell within the accounting dashboard. That’s it. Small price to pay for such huge savings!


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