Wave
Free planaccountingBest for: Small TeamsFree accounting, invoicing, and receipt scanning for small businesses
One of the most capable accounting platforms available for free, trusted by Small Teams.
Top Pros
- Free plan available
- Competitive pricing from $16/mo
- Strong user ratings (4.4/5)
Watch Out For
- May need an accountant for complex tax situations
- Some advanced features locked behind higher tiers
Pros
- +Free plan available
- +Competitive pricing from $16/mo
- +Strong user ratings (4.4/5)
- +15 key features including Accounting and Invoicing
- +Multiple pricing tiers (4 plans) to match different needs
Cons
- -May need an accountant for complex tax situations
- -Some advanced features locked behind higher tiers
Wave Pricing Plans
- ✓Accounting
- ✓Invoicing
- ✓Receipt scanning
- ✓Bank connections
- ✓Receipt scanning
- ✓+ $6/employee
- ✓Tax-filing states
- ✓1-on-1 coaching
- ✓Bookkeeping support
Key Features
Video Review
Wave - Demo & Review
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About Wave
Wave offers free accounting, invoicing, and receipt scanning for freelancers and small businesses. The core platform has no monthly fee - revenue comes from payment processing (2.9% + 30¢) and payroll add-ons. Double-entry accounting meets most small business compliance needs. Bank connection syncs transactions automatically. Invoice automation handles recurring billing. Bookkeeping support services are available for hire. Where it falls short: no inventory management, limited integrations, and customer support is slow on the free plan. Best fit for early-stage businesses keeping costs minimal.
For Small Teams evaluating accounting options, Wave consistently earns its place on shortlists - 15 features with standout capabilities like Accounting, Invoicing, Receipt Scanning cover the essentials without unnecessary bloat, and $16/mo makes it easy to justify. Its 4.4/5 rating reflects a product that's been refined through real-world feedback. It's not the flashiest option, but it's one of the most dependably good ones.
- ComparEdge Editorial Team
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