Updated 17th of January 2020
Updated pricing and article format.
Updated 20th of August 2020
Updated the pricing section to include the transaction charge for American Express credit cards.
Wave Accounting is a free accounting solution, so there is no monthly fee. However, online payments are charged at 2.9% + $0.30 per credit card transaction (with 3.4% + $0.30 for American Express), and bank payments are charged at 1% where available.
Pros: No subscription fee.
Cons: Can be hard to find an expert in your local area. There are 2,500 certified Wave advisors compared to some competitors that have up to 50,000.
Bottomline: Free accounting platform that enables your business to run payroll, generate financial reports, and record expenses.
HRB Digital LLC
Jan 01, 2010
235 Carlaw Ave., Suite 501, Toronto, ON, M4M 2S1, Canada
Number of Employees
Number of Customers
Is Wave Accounting good?
Wave Accounting charges no subscription fee, and it is a very secure platform. Wave Accounting has data security and fraud prevention features built into the software to protect all your information and keep your transactions safe.
How does Wave Accounting make money?
Wave charges fees for processing credit card transactions.
Is Wave Accounting software safe to use?
Wave Accounting is a very secure platform. They have data security and fraud prevention features built into the software to protect all your information and keep your transactions safe.
What is Wave Accounting Software?
Wave Accounting software is cloud-based accounting software that enables you to run payroll, generate financial reports, and record expenses. You can also access the software by using the Wave mobile app.
Is Wave better than QuickBooks?
Wave Accounting is free and can be accessed using the mobile app, but QuickBooks is certainly a more capable accounting platform if you want a variety of features and advanced metrics for your business.
What is the price range for Wave Accounting software?
Wave Accounting pricing does not charge a subscription fee for using their services. Credit card processing costs 2.9% + $0.30 per transaction (with 3.4% + $0.30 for American Express), bank payments cost 1%.
Can I use Wave Accounting software to scan receipts?
If you have the Wave Accounting app on your phone, use your Waveapps login to sign in. You can take a picture of your receipt and the app will automatically upload it to Wave's Accounting platform.