Wave Review 2026: Is It Worth It?
Wave is free accounting and invoicing software for small businesses and freelancers with optional paid payroll and payments. In this review, we cover everything you need to know before subscribing.
What is Wave?
Wave is free accounting and invoicing software for small businesses and freelancers with optional paid payroll and payments. It is designed for freelancers, solopreneurs, micro businesses and anyone looking for a reliable solution in the accounting space.
Key Features
- Accounting: Streamlines your workflow with powerful accounting capabilities.
- Invoicing: Streamlines your workflow with powerful invoicing capabilities.
- Receipt Scanning: Streamlines your workflow with powerful receipt scanning capabilities.
- Bank Connections: Streamlines your workflow with powerful bank connections capabilities.
- Financial Reports: Streamlines your workflow with powerful financial reports capabilities.
- Payroll Addon: Streamlines your workflow with powerful payroll addon capabilities.
- Payments Addon: Streamlines your workflow with powerful payments addon capabilities.
Pricing
There is a generous free tier available. Paid plans start at $16/mo (monthly).
| Plan | Price |
|---|---|
| Free | Yes |
| Pro | $16/mo |
Pros
- Core accounting and invoicing completely free
- Unlimited income and expense tracking
- Receipt scanning with OCR included
- Simple enough for non-accountants
Cons
- Payroll and payments are paid add-ons
- No inventory or project tracking
- Limited integrations compared to competitors
Who Should Use Wave?
Wave is ideal for:
- Freelancers
- Solopreneurs
- Micro Businesses
- Side Hustlers
Top Alternatives
If Wave is not the perfect fit, consider these alternatives:
Bottom Line
With a solid 4.2/5 rating, Wave is a strong contender in its space. It may not be perfect for everyone, but for the right use case it delivers excellent value.
Visit Wave to learn more or start a free trial.