Wave

4.5

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Wave Pricing & Plans (2024 Guide)

Q: Is Wave really free to use?

Yes, Wave offers free accounting, invoicing, and receipt scanning services. However, there are paid features such as payroll and payment processing that come with additional costs. This makes Wave a cost-effective solution for small businesses and freelancers who need basic financial management tools without a hefty price tag.

Q: What are the costs associated with Wave's paid features?

While Wave's core features are free, there are costs for additional services like payroll and payment processing. Payroll pricing varies by state, and payment processing fees are competitive with industry standards. It's important to evaluate these costs based on your business needs to determine if Wave is the right fit for you.

Q: Does Wave offer a free trial for its paid features?

Wave does not offer a free trial for its paid features, as its core accounting and invoicing tools are already free. However, you can explore the platform and its functionalities without any cost, allowing you to assess its suitability for your business before committing to any paid services.

Q: How does Wave's pricing compare to other financial tools?

Wave stands out with its free core features, making it a budget-friendly option compared to other financial tools that charge for similar services. While there are costs for additional features like payroll, Wave's pricing remains competitive, especially for small businesses and freelancers looking for cost-effective financial management solutions.

Q: Are there any hidden fees with Wave?

Wave is transparent about its pricing, with no hidden fees for its free accounting and invoicing services. However, there are costs for optional features like payroll and payment processing. It's advisable to review these costs and understand the pricing structure to ensure it aligns with your business needs.

Author

Martin Lunendonk

Last Update

Nov 15, 2024

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We earn a commission from partner links on Keevee. Commissions do not affect our editor's opinions or evaluations.

4.5

Excellent Value For Price

Wave

Wave offers a robust suite of financial tools for small businesses and freelancers. With free accounting and invoicing, it provides essential features without the hefty price tag, making it a smart choice for budget-conscious users.

Free accounting and invoicing tools.
User-friendly interface and design.
Comprehensive financial management features.
Limited customer support options.
No advanced inventory management.

Free plan?

Yes

Starting price

$16 per month

Try for free

Wave Review

What is Wave?

Wave is a comprehensive financial management tool designed for small businesses and freelancers. It offers free accounting, invoicing, and receipt scanning services, making it an ideal choice for those looking to streamline their financial operations without incurring high costs. With its user-friendly interface and robust features, Wave simplifies financial management, allowing users to focus on growing their business.

How Much Does Wave Cost?

Wave offers a variety of pricing plans to cater to different business needs. Below is a detailed breakdown of Wave’s plans, highlighting their key features for various business requirements.

Wave Pricing Plans

Starter Plan

For Small Business Owners

Get Started

Starter Plan includes:

Option to accept online payments for faster transactions.
Invoice on-the-go via the Wave app for convenience.
Manage cash flow and customers in one dashboard efficiently.
Access to basic accounting features for small businesses.

Pro Plan

For Growing Businesses

$16

per month

Try For Free

Includes Starter Plan, plus:

Auto-import and categorize bank transactions for accuracy.
Digitally capture unlimited receipts and track expenses.
Automate late payment reminders to save time.
Advanced features for better cash flow management.

Add-ons

Digitally capture unlimited receipts

per month

Run payroll

$20

per month

Hire a bookkeeper

$149

per month

Wave Pricing Plans in Detail

Starter Plan

The Starter Plan is perfect for small business owners who are just beginning their journey. It offers essential features like unlimited estimates, invoices, and bookkeeping records. With the ability to manage cash flow and customers in one dashboard, it provides a solid foundation for businesses to grow and succeed.

Pro Plan

The Pro Plan is designed for growing businesses that need more advanced features. It includes everything in the Starter Plan, plus discounted online payment options, auto-import of bank transactions, and automated late payment reminders. This plan helps businesses save time and improve cash flow management, making it a valuable investment.

Top Wave Features

Invoicing

Creating and sending invoices with Wave is a breeze. I found it incredibly easy to customize invoices to match my brand, and you can too. The ability to track payments and send reminders ensures you get paid on time, which is a huge relief for any business owner. Plus, the professional look of the invoices can impress your clients, enhancing your business's credibility.

Accounting

Wave's accounting feature is a lifesaver for those who dread bookkeeping. I love how it automatically syncs with my bank accounts, categorizing transactions and providing real-time insights into my financial health. You’ll appreciate the ease of generating financial reports, which can help you make informed business decisions without needing an accounting degree.

Receipt Scanning

Gone are the days of keeping track of paper receipts. With Wave's receipt scanning feature, you can snap a photo of your receipts and upload them directly to your account. I found this feature incredibly convenient, and you will too, as it saves time and reduces the risk of losing important documents. It’s a simple yet effective way to keep your expenses organized.

Payroll

Managing payroll can be daunting, but Wave makes it straightforward. I was impressed by how easy it was to set up and run payroll, ensuring my team gets paid accurately and on time. You’ll find the tax filing and compliance features particularly useful, as they take the stress out of managing payroll taxes, allowing you to focus on other aspects of your business.

Who Is Wave Best For?

Wave is perfect for small businesses and freelancers seeking to streamline their financial management. With features like free accounting, invoicing, and receipt scanning, it simplifies financial tasks, allowing users to focus on growth and efficiency.

Ideal for freelancers and small businesses.
Wave is an excellent choice for freelancers and small businesses that need a cost-effective solution for managing their finances. Its free accounting and invoicing tools make it easy to keep track of expenses and income without breaking the bank.
Great for budget-conscious entrepreneurs.
For entrepreneurs who are mindful of their budget, Wave offers a comprehensive suite of financial tools at no cost. This makes it an attractive option for those who want to manage their finances efficiently without incurring additional expenses.
Perfect for simple financial management.
Wave is perfect for users who need straightforward financial management tools. Its intuitive interface and essential features make it easy to handle basic accounting tasks, making it a great choice for those who prefer simplicity over complexity.

Frequently Asked Questions

Is Wave really free to use?

What are the costs associated with Wave's paid features?

Does Wave offer a free trial for its paid features?

How does Wave's pricing compare to other financial tools?

Are there any hidden fees with Wave?

Author

Martin Lunendonk

Martin Lunendonk is a senior tech writer specializing in website builders, web hosting, and ecommerce platforms. With a background in finance, accounting, and philosophy, he has founded multiple tech startups and worked in medium to large tech companies and investment banking, bringing deep expertise and reliable insights to his software reviews.

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