Wave Review 2026
by Wave Financial
Completely free accounting and invoicing for freelancers and micro-businesses.
Starting Price
Free
Pricing Model
freemium
Free Tier
Yes
Category
Freelancer & Self-Employed
Overview
Wave offers invoicing, accounting, and receipt scanning at no monthly cost. Paid add-ons cover payroll and payments. It's the only full double-entry accounting system with a truly free core, making it the obvious starting point for freelancers watching every dollar.
Pros
- ✓Core accounting and invoicing is genuinely free
- ✓Double-entry accounting included
- ✓Receipt scanning included
Cons
- ✗Support limited on free plan
- ✗Payroll only available in US and Canada
- ✗Less powerful than QBO/Xero for growth
Key Features
- Free invoicing
- Double-entry accounting
- Receipt scanning
- Bank connection
- Basic reporting
Pricing
Accounting and invoicing free. Payroll from $20/mo + $6/employee. Payments transaction-based.
Check current pricing on Wave →Who is Wave for?
Freelancers, sole traders, and micro-businesses that want free accounting
Frequently Asked Questions
Is Wave free?
Yes, Wave offers a free tier. Paid plans start at $0/mo.
How much does Wave cost?
Wave starts at $0/mo, with a free tier available. Accounting and invoicing free. Payroll from $20/mo + $6/employee. Payments transaction-based.
What is Wave used for?
Completely free accounting and invoicing for freelancers and micro-businesses. Freelancers, sole traders, and micro-businesses that want free accounting
Is Wave worth it?
Wave's main strengths are core accounting and invoicing is genuinely free and double-entry accounting included. The main drawback is support limited on free plan.
What are the best alternatives to Wave?
There are several strong alternatives to Wave in the Accounting Software category. See our full comparison on the Wave alternatives page for a ranked list.