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A Video Introduction to Wave
How does Wave Standout?
The obvious standout feature of Wave is that you get all of the basic features you need to manage your small business accounts for free. You can pay invoices, send estimates, track expenses, manage contacts and generate basic reports for free. And for a fee, you can also manage payroll, make payments via credit card and pay for prioritized customer support.
Most Useful Positive Review
“I like Wave because it’s as good as many paid accounting software systems and yet core system is completely free. We don’t have complicated accounts to complete and we have no staff to pay so we don’t have to pay a penny to manage our accounts. Did I mention it’s free?”
Where does Wave Fall Short?
Wave is still a young business. As a result, there are still a few bugs in the software, the system can sometimes run a bit slow and unless you pay for customer support, you may have to wait for 2-3 days for someone to get back to you.
Most Useful Negative Review
“Wave’s great as long as you have time to see past the bugs that occasionally crop up and the slow server speed that can sometimes grind you to a halt. Now we can afford to pay, we have become less tolerant and it’s time to move to a more reliable paid system.”
A Roundup of Wave Reviews
|Average Rating||Number of Reviews||Review Quality|
|PC World||4.5||Editor's Rating||Good|
The core accounting software is completely free. In addition, Wave is gradually starting to develop a freemium pricing model.
|Additional customer support||Live chat $9/month
Phone and live chat $19/month
|Additional features||Payroll $15/month, plus $4 per employee
Credit card payment processing at 2.9% + 30¢ per transaction
Recommended Pricing Option
If you have no budget, the free version is in our view the best one currently available. However, when you can afford to pay, and/or you have to start paying employees, you can get a better deal from paid software. We recommend Xero, which starts at $9/month. Or if you have to pay staff, consider Xero Standard which includes payroll for $25/month and unlimited users.