Wave Accounting

100% free, easy to use accounting and invoicing software for you and your small business

Wave Accounting is a free, easy-to-use accounting and invoicing solution designed for small business owners, freelancers, and consultants. With over 2 million satisfied users worldwide, Wave allows you to create professional invoices with customizable templates and logos.

Connect your bank and credit card accounts directly to automatically import transactions, use free receipt scanning tools to digitize paper receipts, and separate business from personal expenses with integrated finance tools. Collaborate in real-time with business partners or advisors and generate key reports to gain insights and make informed decisions. Mobile apps for iOS and Android enable you to manage your finances anytime, anywhere.

Manifest V2
Users:
90,000+
Rating:
4.12
(673)
Version:
1.10.0 (Last updated: 2018-09-24)
Creation date:
2018-09-23
Size:
11.58K
URLs:
Website
Full description:
See detailed description
Updated:
20 hours ago

Ranking

User reviews

Wave Accounting is praised as a free and user-friendly tool for small business accounting and invoicing, with users appreciating its simplicity and automation. However, many users report problems with slow or insufficient customer support, ongoing bugs, poor bank integration, and difficult recent updates affecting transaction categorization. Feature limitations and occasional slow app performance are recurring concerns, affecting reliability for more advanced accounting needs.
Pros
  • Free to use, offers essential accounting features for small businesses and startups
  • Easy and straightforward for simple bookkeeping and invoicing
  • Good for automating and outsourcing business accounting tasks
  • Useful invoicing system appreciated by users
  • Responsive and polite customer support for free account holders
Cons
  • Poor or slow customer support and follow-up especially for payment disputes
  • Issues with bank integration and unreliable connection to bank accounts
  • Bugs and app freezes during reporting and bulk editing transactions
  • Recent updates causing recategorization problems requiring lengthy manual fixes
  • Limitations in features such as tax inclusive pricing and limited report customization
Recent reviews
Wave has held nearly $10,000 from my account and to try and get any support from the chat is terrible. No consumer support, knowledgable support specialists are obsolete, Risk Team doesnt care. Theyve exhibited that. I even reached out to the CEO of the company regarding my serious matter- well see if I get a response. Will not be using this application ever again.
by MacKenzie Peatfield, 2022-05-26

The application worked pretty well for simple bookkeeping until the last update in July 2019. The update recategorized my accounts creating an additional 3 hours of work to create new accounts in the right category, then move all of the transactions from the incorrectly categorized accounts to the new accounts, then archive the incorrectly categorized accounts so that they can no longer be used. Then, the journal transactions had to be move individually rather than through the bulk edit process. I really feel for the users who were using this application because they don't know accounting or bookkeeping. I have an accounting degree and am still trying to figure out how to find and verify my transactions for integrity.

This platform is perfect for anyone that wants to automate and outsource the headaches of running a business. I spend time making money, using Wave.
by Richard Gates, 2019-07-20
View all user reviews

Extension safety

Risk impact

Wave Accounting does not require any sensitive permissions.

Risk impact analysis details
  • Low This permission has no access or impact on the user's system or data, thus carrying no risk.
Risk likelihood

Wave Accounting has earned a fairly good reputation and likely can be trusted.

Risk likelihood analysis details
  • High This extension has low user count. Unpopular extensions may not be stable or safe.
  • Low **** ********* *** ******* **** **** * ****** **** ***** ******** *** **** ****** ** ** ****** *** *****
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