Wave
FeaturedFreemiumFree accounting software for small businesses and freelancers
📒Accounting SoftwareAbout Wave
Wave is one of the most capable low-cost accounting platforms available, with a genuinely free Starter tier for core invoicing, income and expense tracking, and reporting. In 2026, automated bank transaction imports, receipt scanning, and collaborator access moved to the paid Pro plan (around $16/month), while the Starter tier stays free with manual bookkeeping and read-only bank connections. It's ideal for freelancers, consultants, and small businesses with straightforward finances. Despite the tiering, Wave still handles double-entry accounting, multi-currency, and sales tax tracking at a level that rivals paid tools.
What's Great
- ✓Free Starter tier covers invoicing, expense tracking, and reports
- ✓Double-entry accounting with full P&L and balance sheet
- ✓Affordable Pro plan unlocks automated bank feeds and receipt scanning
- ✓Unlimited invoices on every plan
Watch Out For
- !Automated bank imports and collaborator access now require paid Pro
- !Less powerful than QuickBooks or Xero for complex businesses
- !Customer support is limited on the free tier
Common Use Cases
Launch a freelance business and manage all finances without spending a dollar on software
Send unlimited professional invoices and track which ones are outstanding
Connect your bank and automatically import transactions for clean monthly books
Best For
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Pricing Model
Freemium
From $16/mo. Free plan available. Paid plans unlock advanced features and higher limits.
Category
Accounting Software
Full-featured bookkeeping and accounting platforms for businesses of all sizes.
Tags
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