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Price
Free plan available
Bank account integration
Yes
Live support
Available with some plans
Wave Accounting Pros & Cons
Pros
Free starter plan
User-friendly interface
Manage finances on-the-go
Cons
Limited customer support
Advanced features require payment
Wave Accounting at a Glance
9.8
Editorial ScoreProducts
Accounting, invoicing, online payments, bookkeeping, tax management, payroll
10.0
Features
Bank transaction management, drag-and-drop invoice editing, recurring billing, self-service payroll, and Apple Pay compatible
10.0
Promotions
Free starter plan with basic features, 12.5% off on Pro Plan when billed annually
10.0
Integrations
Over 1,00 integrations through Zapier, including Google Sheets, Stripe, Mailchimp, HubSpot, Shopify, and Slack
10.0
Customer Support
24/7 automated support chatbot, support available via email and live chat Monday to Friday from 9:00 a.m. to 4:45 p.m. ET
9.0
How to Get Started
Sign Up: Visit Wave's website and create a free account.
Set Up Your Business Profile: Input your business details to tailor the platform to your needs.
Choose a Plan: Start with the free Starter Plan or upgrade to the Pro Plan for additional features.
Connect Bank Accounts: Link your business bank accounts to streamline transaction tracking (Pro Plan required).
Customize Invoices: Use Wave's templates to create professional invoices with your branding
Special Features
Recurring Billing: Set up automatic invoicing for regular clients, ensuring timely payments.
Payment Processing: Accept credit card and bank payments directly through invoices, simplifying the payment process for clients.
Financial Reporting: Generate reports such as profit and loss statements, balance sheets, and cash flow reports to monitor business health.
Customer Service
Support Channels: Wave offers a Help Center and an automated chatbot, Mave, accessible 24/7 for all users.
Live Support: Available via email and live chat for Pro Plan subscribers, Monday to Friday, 9 AM to 4:45 PM Eastern Time.
Wave Advisors: For personalized assistance, users can engage Wave Advisors for bookkeeping and payroll coaching services.
Is it Reliable?
Wave is a reputable platform, serving millions of small businesses with a focus on simplicity and affordability. Its acquisition by H&R Block in 2019 further solidified its position in the financial software market.
How to Cancel or Pause a Subscription
Users can cancel their Pro Plan subscription at any time through their account settings. The cancellation will take effect at the end of the current billing cycle.
Is There an App?
Yes, Wave offers a mobile app compatible with both iOS and Android devices, allowing users to manage invoices, expenses, and view financial reports on-the-go.
Pricing and Plans
Starter Plan: Free access to basic accounting, invoicing, and reporting tools.
Pro Plan: $16/month, includes features like bank transaction imports, receipt scanning, and live chat support.
Add-Ons: Payroll services and Wave Advisors are available for additional fees.
Bottom Line
Wave Accounting presents a viable solution for small business owners seeking a cost-effective and user-friendly accounting platform. Its free Starter Plan offers essential tools for managing finances, while the Pro Plan provides enhanced features for growing businesses. With its intuitive interface and integrated services, Wave simplifies financial management for entrepreneurs.
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Editorial Reviews