Wave

Free cloud accounting platform offering invoicing, expense tracking, bank connections, and financial reporting at no cost. Monetises through payment processing and optional payroll services.

Our take

Wave's value proposition is simple: genuinely free accounting that actually works. The core platform — invoicing, expense tracking, bank feeds, and financial reports — costs nothing, and there's no bait-and-switch where essential features get paywalled later. It's perfect for sole proprietors and micro businesses watching every dollar. The trade-off is feature depth: no inventory management, no multi-currency, limited integrations, and customer support that reflects the price tag. Wave makes money through payment processing (2.9% + $0.60 per transaction) and payroll add-ons ($40+ per month). The Pro plan at $19/month adds receipt scanning and priority support. If you outgrow Wave, migrating to QuickBooks or Xero is straightforward. Best for freelancers and very small businesses that need basic accounting without any financial commitment.

Pricing

Pricing verified 2026-03-19

Ratings

Overall score: 72/100 (composite of the above ratings)

Features