Avg. Rating: 5.0 (2 reviews)

Wave is an online financial and accounting software that provides services including accounting, invoicing, billing, payment tracking, and more to help businesses streamline bookkeeping processes.

They are headquartered in Toronto, Canada, and their products are 100% free, aside from their payroll and some pay-per-use payment solutions. Freelancers, consultants, and small businesses use Wave services to sync expenses, balance books, prepare for tax time, and generate reports that show business progress over time.

  • TIME IN BUSINESS: Since 2010
  • # OF CUSTOMERS: Over 3.5M

235 Carlaw Ave., Suite 501, Toronto, ON M4M 2S1, CA
Call Center:
Support Offered:
  • Blog
  • Phone Support
  • Online Form
  • Social Media
Availability: Everywhere in Canada

Products Offered

Below are all the products offered by this company.


Wave’s accounting software is free and includes:

  • Unlimited invoicing and estimates
  • Contact management
  • Expense tracking
  • Account payable
  • Basic inventory and more



Get paid faster with Wave’s pay-per-use feature. This allows customers to pay by credit card right from your invoice. Additionally, this paid service allows for you to accept bank payments and they’ll automatically flow into your accounting records.

Credit card processing:
  • 2.9% + .30 cents per transaction for Visa, MasterCard
  • 3.4% + .30 cents per transaction for American Express

Bank payments (EFT):

  • 1% per transaction ($1 minimum fee)




Wave Payroll is a cloud-based payroll solution that will simplify and automate small businesses payroll processes. Wave Payroll supports direct deposits, allowing users to pay employee’s directly to their bank account, can create custom invoices, scan receipts, calculate exchange rates and more.


  • $20 monthly base fee
  • +$6 per active employee
  • $6 per independent contractor paid

Frequently Asked Questions About Wave

What is Wave?

Wave is an online financial and accounting software that provides services, including accounting, invoicing, billing, payment tracking, and more to help businesses streamline bookkeeping processes, for free.

What does Wave offer?

Wave's software provides features including accounting, invoicing, billing, payment tracking, payroll management, finance management, credit card processing, and receipt scanning.

Is Wave safe?

Wave was founded in 2010, and since then has grown to over 3.5 million customers. They have over 250 employees, and their bank data connections are read-only and use 256-bit encryption. Additionally, Wave is PCI Level-1 certified for handling credit card and bank account information.

How much does Wave cost?

Wave's software is 100% free, with no trials, no limitations, and no hidden fees, aside from their payroll and some pay-per-use solutions. Their free software includes invoicing, accounting, and receipt scanning, and their payroll plan starts at $20/mo. You can also take advantage of their pay-per-use solutions for payments where their credit card processing transaction fees start off as low as 2.9% +.30 cents.

Who uses Wave?

Wave is an online accounting platform exclusively designed for small business owners, freelancers, and consultants.

Can you use Wave on the go?

Wave iOS and Android apps are available for mobile invoicing and expense tracking on the go.

What are some benefits to using Wave?

With Wave's bank reconciliation tools, businesses can manage all bank account and credit card information to improve bookkeeping efficiency and accuracy.

How quick can you set up a Waves account?

It only takes a few minutes to create a Wave account. Once you're finished, everything's set up so you can get started right away. Access your account anywhere, any time. Your data is always available, and it’s backed up for extra peace of mind.

How can you access Wave?

Wave is 100% web-based, so you just need an internet connection and browser.

Wave Reviews

Avg. Rating: 5.0 (2 reviews)
Simple to use

Really like Wave. It's simple to use once you get the hang of it and it's constantly improving and making the features and functionality better.

Small business accounting

I use it for my small business accounting. Happy so far. Invoicing is very simple and can set to recurring invoices. Notified once paid.


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