Wave Wave
Wave is a cloud-based accounting platform providing double-entry bookkeeping, invoicing, and reporting tools. While historically known for being entirely free, it now utilizes a tiered model that gates automation features like bank feeds behind a paid Pro subscription.
As of June 1, 2026, Wave shifted several core features—including automatic bank feeds, receipt scanning, collaborator access, and recurring billing automation—from the free tier to the paid Pro plan, requiring legacy free users to either adopt the paid subscription or manage their books via manual transaction entry.
As of
- Unlimited invoicing and estimates
- Double-entry accounting
- Automatic bank transaction imports (Pro)
- Receipt scanning via OCR (Pro)
- Financial reporting
Solo freelancers and micro-businesses with simple, service-based financial needs who want professional-grade, double-entry bookkeeping without high monthly overhead.
Businesses requiring inventory management, time tracking, multi-currency support, or those operating outside the US and Canada; also not ideal for users needing complex, automated workflows without manual intervention.
Starter plan is free; Pro plan costs approximately $16-$19 per month (or ~$170-$190/year). Payment processing and payroll are separate paid services.
Wave remains a high-value tool for solopreneurs due to its genuine double-entry accounting and free invoicing, though the 2026 paywalling of automated bank feeds has reduced its appeal for those who prioritize time-saving automation over zero-cost software.
Is Wave free?
Wave is Freemium. Starter plan is free; Pro plan costs approximately $16-$19 per month (or ~$170-$190/year). Payment processing and payroll are separate paid services. Check the official site for current plans.
What is Wave best for?
Solo freelancers and micro-businesses with simple, service-based financial needs who want professional-grade, double-entry bookkeeping without high monthly overhead.
Who makes Wave?
Wave is developed by Wave Financial. It is listed in the AI-Native Terminals category on ai.dosa.dev.
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