Wave is a financial platform for small businesses and freelancers, best known for offering invoicing and accounting on a free plan. It’s especially popular in the United States and Canada with owners who want professional invoices and simple books without a monthly fee.
Key features include:
- Professional, customizable invoices with your logo
- Online payments by credit card, bank transfer and Apple Pay
- Recurring invoices and payment reminders
- Income and expense tracking with accounting reports
- Receipt scanning and expense organization
- Payroll for employees and contractors (paid add-on)
- iOS and Android apps
The Starter plan is free. Pro costs $19 per month or $190 per year and adds more automation and time-saving features, with a discounted introductory rate for new subscribers. Card payments cost 2.9% plus $0.60 per transaction on Starter; Pro removes the $0.60 fee on your first 10 transactions each month. Payroll and some other services cost extra.
Wave is focused on the U.S. and Canada, and processing fees can add up for businesses taking lots of payments. For freelancers and small businesses wanting free invoicing with accounting included, though, it’s excellent value.
