Wave Accounting Review: Pros, Cons, Alternatives

Unlike other accounting software, Wave has a limited selection of integrations with third-party applications and services. With unlimited users, businesses can ensure everyone can access the necessary tools and information, promoting efficient workflow and effective teamwork. Whether assigning tasks, sharing files, or discussing projects, Wave’s unlimited users feature allows seamless collaboration and enhances productivity. Wave Accounting offers various integrations with popular software applications such as Shopify and PayPal. However, if your business heavily relies on integrations with other software beyond what is currently supported by Wave Accounting, you may find it limiting. It’s vital to assess whether the integrations available meet your specific needs before committing to using Wave as your primary accounting software.

The software supports multiple companies and offers personal accounting as well. The checkout feature is one-of-a-kind and a great addition for business owners who need to charge multiple customers quickly. In addition, Wave’s mobile app lets you send invoices and track payments on the go. The app offers a receipt scanning feature as well, but you have to pay a subscription fee to access it. Wave’s business reports are on par with some of the top invoicing solutions companies for small businesses. Users can create reports to show month-to-month or year-to-year comparisons to easily identify cash flow trends.

Paid Plans

However, Wave Accounting has fewer features and third-party integrations than many — though not all — of its competitors with paid plans. If you own a big business or are part of an enterprise, Wave’s features aren’t complex or customizable enough to support your financial needs. Wave used to be free unless you signed up to accept customer payments or used the app’s payroll features. wave invoicing login Since my last review, it’s added a fee for scanning and uploading receipts ($8 per month or $72 billed annually), a feature that competitors offer free. The company also offers advisory services from in-house accounting and payroll coaches and bookkeepers for a fee. As mentioned earlier, Wave accounting features are free, but you’ll pay a fee if you use Wave Payments or Wave Payroll.

Wave Invoicing is ideal for freelancers, entrepreneurs or small businesses. The fact that it is free makes it a great option for those just starting out or those who want to keep their overhead as low as possible. Companies that want to combine project management tasks in their accounting software or are looking for software with https://www.bookstime.com/ a great mobile app that they can use on the go will probably want to look for other options. Wave Accounting offers unlimited invoicing capabilities, which provides numerous benefits for businesses. With unlimited invoicing, businesses can easily create and send invoices to their clients without any restrictions or limitations.

Connecting your accounts

Wave currently supports four web browsers; Desktop Chrome versions 65+, Desktop Firefox versions 63+, Desktop Safari versions 11.1+, and Desktop Edge versions 17+. Mobile apps are available for both iOS 11 and later as well as Android 5 and later, with both designed to be used exclusively with mobile phones. You can also visit Wave’s Help Center to browse through a variety of application categories, ask a question, or access one of the Wave Guides. We also took our expert’s view into accounting when calculating our star ratings. All feedback, positive or negative, helps us to improve the way we help small businesses.