Wave Accounting
Completely free cloud accounting with automated bank connections
Wave Accounting is a free cloud-based accounting platform for freelancers, solopreneurs, and small businesses with straightforward accounting needs. It automatically populates bookkeeping information when users connect their business bank account, dramatically reducing manual data entry. Wave offers invoicing, expense tracking, and basic financial reporting at no cost, with optional paid features like payroll.
| Pricing from | Free (Starter); Wave Pro at $16/month |
| Best for | Freelancers, solopreneurs, and small businesses with basic accounting needs |
| Website | www.waveapps.com |
Strengths and trade-offs
- Genuinely free accounting software with no restrictions on transactions or reporting
- Automated bank connection dramatically reduces manual data entry and reconciliation time
- Limited inventory management features not suitable for product-based businesses
- Advanced reporting and customisation options are minimal compared to paid alternatives
Appears in
Alternatives to Wave Accounting
 QuickBooks OnlineSmart accounting for modern businesses | #1 in Top 10 Accounting Software | 95.0 |
 XeroBeautiful accounting software | #2 in Top 10 Accounting Software | 92.5 |
 FreshBooksInvoicing and accounting made simple | #3 in Top 10 Accounting Software | 90.0 |
 Zoho BooksAffordable, scalable cloud accounting with unlimited billable clients even on free plans | #4 in Top 10 Accounting Software | 87.5 |
 Sage 50Desktop-first accounting software for manufacturing, construction, and regulated industries | #6 in Top 10 Accounting Software | 82.5 |
 Sage IntacctEnterprise-grade cloud accounting with AI-powered automation and advanced reporting | #7 in Top 10 Accounting Software | 80.0 |
Questions about Wave Accounting
How much does Wave Accounting cost?
Lister lists Wave Accounting's pricing as: Free (Starter); Wave Pro at $16/month.
Is Wave Accounting free?
Yes. Its pricing reads: Free (Starter); Wave Pro at $16/month.
Who is Wave Accounting best for?
Wave Accounting is best for freelancers, solopreneurs, and small businesses with basic accounting needs.
Where does Wave Accounting rank?
Wave Accounting is ranked #5 in Top 10 Accounting Software (Lister Score 85.0).
What are the best alternatives to Wave Accounting?
The closest alternatives on Lister are QuickBooks Online (#1 in Top 10 Accounting Software), Xero (#2 in Top 10 Accounting Software) and FreshBooks (#3 in Top 10 Accounting Software).
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