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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
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