Wave Review

Overview

Wave is a completely free accounting and invoicing platform designed for freelancers, consultants, and small businesses with fewer than 10 employees. Acquired by H&R Block in 2019, Wave offers core accounting features without any subscription fees — monetizing instead through optional paid services like payroll and payment processing.

Key Features

Wave includes unlimited invoicing, expense tracking, bank connections, financial reporting (profit and loss, balance sheet, cash flow), receipt scanning, and basic accounting. The platform supports multiple businesses under one account. Optional paid services include payroll processing and credit card payment acceptance.

Ease of Use

Wave is designed for business owners with no accounting background. The interface is clean and straightforward, with guided setup and clear navigation. The invoicing system is particularly well-designed, with professional templates and easy customization.

Pricing

Wave’s core accounting and invoicing features are completely free — no trial period, no feature limits, no credit card required. Payroll starts at $20/month + $6/employee. Payment processing is 2.9% + $0.60 per credit card transaction.

Customer Support

Free users have access to the help center, community forum, and chatbot. Email support with human agents is available through paid add-ons. Support response times can be slower than premium competitors.

Who Should Use Wave

Wave is ideal for solopreneurs, freelancers, and very small businesses that need basic accounting and invoicing without any cost. It is perfect for businesses just starting out that cannot yet justify a paid accounting subscription.