Wave Wave
Wave is a cloud-based accounting and invoicing platform designed specifically for freelancers, sole traders, and micro-businesses in the US and Canada. It provides double-entry bookkeeping, unlimited invoicing, and financial reporting, with a business model focused on optional paid add-ons and payment processing fees.
As of mid-2026, Wave has moved several core features behind the Pro paywall, including automatic bank feeds, bank reconciliation, recurring invoice automation, and collaborator access.
As of
- Unlimited invoicing and estimates
- Double-entry bookkeeping
- Financial reporting (P&L, balance sheet)
- Mobile receipt scanning with OCR
- Integrated online payment processing
Freelancers, solo entrepreneurs, and micro-businesses with low transaction volumes and straightforward accounting needs.
E-commerce businesses requiring inventory management, companies with large teams, or businesses needing deep third-party integrations and complex project accounting.
Starter plan is free; Pro plan costs $19/month (or $190/year) and includes advanced automation features. Optional paid payroll and bookkeeping advisor services are available.
Wave remains a top-tier choice for truly small operations seeking a free or low-cost accounting foundation, though its recent shift toward paywalling foundational features makes it less viable for growing businesses compared to platforms like QuickBooks or Xero.
Is Wave free?
Wave is Freemium. Starter plan is free; Pro plan costs $19/month (or $190/year) and includes advanced automation features. Optional paid payroll and bookkeeping advisor services are available. Check the official site for current plans.
Is Wave open source?
Wave is not listed as open source on ai.dosa.dev - it is Freemium.
How much does Wave cost?
Starter plan is free; Pro plan costs $19/month (or $190/year) and includes advanced automation features. Optional paid payroll and bookkeeping advisor services are available. Pricing changes often - verify on the official site.
Who is Wave best for?
Freelancers, solo entrepreneurs, and micro-businesses with low transaction volumes and straightforward accounting needs.
Who is Wave not ideal for?
E-commerce businesses requiring inventory management, companies with large teams, or businesses needing deep third-party integrations and complex project accounting.
What are the best Wave alternatives?
The closest Wave alternatives on ai.dosa.dev are Warp, TermRover - all listed under AI-Native Terminals.
Who makes Wave?
Wave is developed by Wave Financial (H&R Block). It is listed in the AI-Native Terminals category on ai.dosa.dev.
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Content on this page is AI-generated. Please verify details with the vendor's website for accuracy.