Wave Accounting Review 2023: Features, Pricing & More


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Otherwise, users must sync Wave with their favorite business management apps through Zapier, a third-party service. If you’re a startup, micro-business or sole proprietor who doesn’t want to invest in accounting software but needs to keep track of your finances, Wave Accounting is a great option. As long as you’re content with basic features and don’t see yourself expanding in the foreseeable future, you’ll find this completely free, easy-to-use software particularly appealing.

Our robust small business accounting reports are easy to use and show month-to-month or year-to-year comparisons so you can easily identify cash flow trends. We provide different levels of support for customers who use different features and services from Wave. Full details on how Wave support works are available here. I don’t like that I am unable to push a bank sync so sometimes I have to just wait.

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To review Wave, we set up a free Wave Accounting account that we used to create invoices, record sample transactions and generate financial reports. We also read verified Wave Accounting and Wave app reviews on third-party sites like Gartner, Trustpilot, the App Store, Google Play and more. With Wave’s free accounting plan, what you see is what you get. Wave’s invoices are easy to customize with your business’s logo, colors and contact information (Figure A). Safely hand off your books to your accountant by adding them as a limited user. Since Wave uses accountant-approved, real double entry accounting, your accountant will have all the information they need.

  • But now I see that mbna won’t give me the data files for before August (that’s an mbna problem, not Wave) and I can’t undelete what I deleted.
  • Our servers are protected physically and electronically.
  • And then about 4 or 5 years ago, I started using a new accountant, and he suggested Wave to me.
  • Today’s leading accounting platforms offer standard security features, such as data encryption, secure credential tokenization and more.
  • Wave Accounting requires no downloads and is accessible from web-connected devices.
  • If that’s the case, Wave Accounting will likely live up to your expectations.

I’m also bummed that mobile receipt scanning costs extra. I was unable to sync my square account but I can do all of my accounting without it and will just have to add my square fees later. Before you commit to accounting software, it’s in your best interest to shop around and compare all your options. Unlike QuickBooks and FreshBooks, https://turbo-tax.org/top-5-legal-accounting-software-for-modern-law/ is completely free to use. It can allow you to manage all your accounting processes without paying a dime.

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Give your customers the option of paying with one click using a credit card, bank transfer, or Apple Pay. Where Wave falls behind, however, is its customer support. There’s no live support unless you pay for it so you’ll have to dig for the answers to your questions in the The Best Guide to Bookkeeping for Nonprofits help center or cross your fingers that the automated chatbot will help you out. You work hard to make your business a success – that’s why Wave uses both physical and digital protection to keep your money safe. Connect to your bank with read-only and 256-bit encryption.

We’ll try to match you with a member of our team to help troubleshoot since you have invested your valuable time into Wave to manage your business financials. This app is making my life harder than it was when I just manually typed in all my expenses into a Microsoft Word and added them up with a calculator. The thing that is the most annoying is when you want to do a recurring billing. It doesn’t use something like Maintenance contract #1 then go to #2 or something like that it makes recurring billing invoice names that were the most recent of any invoices.

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He said this was useful to him, to see what people might be having trouble with. All I want to be able to do is import my bank statements and credit card statements, and categorize all the transactions. And lately, my mbna Mastercard has been saying it can’t link to Wave. So tonight, I went in and started deleting Accounting for Startups The Ultimate Startup Accounting Guide all the transactions from 2014, hoping that I could start fresh and be sure that everything was imported correctly. But now I see that mbna won’t give me the data files for before August (that’s an mbna problem, not Wave) and I can’t undelete what I deleted. And there’s no way to get support without paying for it.