Wave is a cloud-based accounting and invoicing platform designed for freelancers, sole traders, and micro-businesses.
It provides essential financial management tools like double-entry bookkeeping, expense tracking, and financial reporting, primarily serving the US and Canadian markets.
- 01
Unlimited invoicing and estimates
- 02
Double-entry bookkeeping
- 03
Automated bank transaction imports (Pro)
- 04
Receipt scanning and OCR (Pro)
- 05
Integrated payment processing
| ProEntry plan | $19 | per month |
The Starter plan is free and includes unlimited invoicing, estimates, and basic bookkeeping. The Pro plan costs $19/month (or $190/year) and adds automated bank feeds, bank reconciliation, receipt scanning, and collaborator access. Optional add-ons include payroll (starting at $25-$40/month) and professional bookkeeping services (starting at $149/month).
Best for
Freelancers, sole proprietors, and micro-businesses with fewer than 10 employees and straightforward, service-based financial needs.
Not ideal for
Businesses requiring inventory management, time tracking, project-based accounting, multi-currency support, or those with complex, high-volume operations.
Wave remains the best entry-level accounting tool for those needing a free, professional-grade solution for basic bookkeeping and invoicing. However, its recent shift toward paywalling core automation features and limited customer support makes it less suitable for growing businesses that eventually require more robust integrations and scalability.
As of June 2026, Wave moved several previously free features—including automatic bank feeds, bank reconciliation, receipt scanning, and recurring billing—behind the Pro subscription paywall. Additionally, CSV transaction exports have become restricted on the free tier.
As of
Is Wave free?+
Wave is Freemium. The Starter plan is free and includes unlimited invoicing, estimates, and basic bookkeeping. The Pro plan costs $19/month (or $190/year) and adds automated bank feeds, bank reconciliation, receipt scanning, and collaborator access. Optional add-ons include payroll (starting at $25-$40/month) and professional bookkeeping services (starting at $149/month). 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?+
The Starter plan is free and includes unlimited invoicing, estimates, and basic bookkeeping. The Pro plan costs $19/month (or $190/year) and adds automated bank feeds, bank reconciliation, receipt scanning, and collaborator access. Optional add-ons include payroll (starting at $25-$40/month) and professional bookkeeping services (starting at $149/month). Pricing changes often - verify on the official site.
Who is Wave best for?+
Freelancers, sole proprietors, and micro-businesses with fewer than 10 employees and straightforward, service-based financial needs.
Who is Wave not ideal for?+
Businesses requiring inventory management, time tracking, project-based accounting, multi-currency support, or those with complex, high-volume operations.
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.
Favorite this tool to revisit it later, or Zap it to contribute to the public vote count.