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9.6

Spot Score

Wave - Accounting Software

Wave Reviews in April 2025: User Ratings, Pros & Cons

Streamline your finances, save money with Wave.

3.6

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Wave Reviews & Ratings

3.6

Very Good

Based on 423 reviews

Rating Distribution

Excellent

(215)

Very Good

(62)

Good

(23)

Poor

(6)

Terible

(117)

Expert's Review generated by AI

Wave Accounting presents itself as a convenient and accessible financial management tool, particularly for freelancers and small businesses. Its user-friendly interface and free basic accounting features appeal to those seeking a cost-effective solution. Many users applaud its straightforward invoicing capabilities, seamless bank transaction imports, and ...Read more

Wave pros and cons

  • Provides free accounting tools and features, making it an accessible option for small businesses and freelancers with tight budgets.

  • Easy to use, intuitive interface that simplifies invoicing, expense tracking, and recurring billing for users without an accounting background.

  • Automates key accounting tasks such as bank reconciliations, recurring invoices, and transaction categorization, saving time and effort.

  • Allows seamless integration with bank accounts and imports transactions efficiently, streamlining financial tracking.

  • Poor customer service with slow response times, limited availability, and insufficient support, especially for non-paying users.

  • Issues with payment processing, such as funds being withheld, accounts being frozen, or payouts being delayed without clear explanations.

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Showing 51-60 out of 423

AU

Anonymous User

10/21/22

5 out of 5

"Good tool for every entrepreneur"

What do you like best about Wave? It makes accounting and invoicing very easy to do. I am able to prepare accounts with minimum accounting entries What do you dislike about Wave?

BW

Bedias Wild

10/11/22

1 out of 5

Please be WARE do NOT use!

Please be ware! These people are frauds. They'll take all your banking information, all your personal ID, pretend to start doing business and then as soon as a client makes a payment, the funds will be returned and you'll be notified that "your account status has changed". No longer will they allow you to receive online payments, for which you likely created the account in the first place, and then refer you to section "G" in their policy to which you agreed upon creating the account. Pure ...

Read more

AG

Aarón Guzmán

10/04/22

1 out of 5

Worst experience I ever had in my financial life

I spent more than a month with this company making my accounting but they decided I am not a legit business and requested more documents than my bank account even when I have over 5 years as an independent freelancer in Upwork and I have been assisting to conferences and expos to get more clients. This platform is not for entrepreneurs or new companies.

AW

Adam West

10/02/22

1 out of 5

SCAM Artist

I recently began using Wave App to become a service to help me manage my small business. That way I could have a service that sends professional invoices for my services provided but also allows my clients and easy way to pay for those services for a small fee. It was going to be great for me to have something like this to keep track and revenue/expenses and would help me with taxes at the end of the year. I was told about wave apps through friends and thought wow this is great. I love the ...

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SW

Shawna West

09/18/22

1 out of 5

This company should not be a merchant…

This company should not be a merchant company! They have been withholding a payment made to me in September- and the same of many other stories- they cancelled my merchant services because of their “risk assessment”. There was no explanation of the risk, no effort put forth to understand and learn about my business. Zero communication! Because I don’t pay for their accounting software, I don’t get the opportunity to talk to a “wave advisor”, although Wave profited from charging me merchant ...

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NB

Nick Birmingham

09/02/22

1 out of 5

I was told about wave apps through…

I was told about wave apps through friends and thought wow this is great. I love the way the application looked and functioned. My invoices looked great but once I started to bill folks and try and process payment through them they took the payment and I get an email a day or so later that they can no longer offer me the option to receive payments. They refunded my customer minus the fee they took to process. I will not recommend them to anyone. It is absolutely unethical to take processing ...

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AB

Ashlynne Berlgund

08/31/22

1 out of 5

Scary Scam

Everything about this company is a scam. It's SUPER user friendly until they start holding your client's payments and there's no way to contact them except through long waiting emails and chatbots. I dare you to look them up on the BBB. Just truly horrible people. They will give you a bad name with your customers.

SD

Sara Deej

08/29/22

1 out of 5

This company is a scam

Stay Away. They let you put all your banking info in, take payments and they claw back the payments after the customers send them. I think they are probably just collecting and selling your banking data. Doesn't seem like a legit company based on reviews.

JC

Josh C

08/17/22

5 out of 5

"Fantastic Free Business Accounting Option with Payroll, Invoices and Online Payments!"

What do you like best about Wave? It's free to use and do all your accounting. It is easy to get your reports to do taxes or just look at your P & L's. It works great and is quite easy. You can do payroll with it but you do have to pay for that, so if you are a tiny business it works great as you don't need payroll. You can also take online ACH and Credit Card payments. There are fees per payment but they are decently reasonable and they just send the payment to your bank account minus the fee.

RE

Rachel earles

08/14/22

1 out of 5

They stopped my payments

They stopped my payments. Wave Said they refunded a customers credit card that never arrived. Still waiting 2 weeks later. Now I can't get paid.