Feeling overwhelmed by small business accounting?

Choosing the best software can feel like navigating a maze.

Many entrepreneurs struggle with clunky interfaces, hidden fees, and features they don’t actually need.

But what if there was a solution that 쉽게 한 everything?

What if your accounting software was intuitive, affordable, and packed with the tools you actually use?

In this Wave Review, Best Small Business Accounting Software in 2025, we’ll dive deep into whether Wave is the answer you’ve been searching for.

Let’s explore its features and see if it truly lives up to the hype.

Wave

Over 4 million small businesses trust Wave to manage their finances. See why 88% of users report saving an average of 5 hours per month on bookkeeping with Wave.

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What is Wave?

Wave is a tool to help small business owners manage their money.

It’s like having a digital notebook and calculator all in one place. 

You can keep track of the money coming in and the money going out.

Think of it as a way to see how your 사업 is doing financially without needing a fancy degree. 

It helps you with things like sending bills to customers and keeping your income and expenses organized.

This makes it easier to understand your business’s money and 만들다 smart choices.

Who Created Wave?

Kirk Simpson 그리고 James Lochrie co-founded Wave in 2009 in Canada.

Their goal was simple: make money management easy for small businesses.

They envisioned a user-friendly, affordable tool, unlike the complex options available.

They wanted to empower entrepreneurs to understand their finances without being experts.

Wave has since grown to help millions globally.

Top Benefits of wave

Here are some key reasons why small businesses choose Wave:

• It’s Free for Core Features: One of the biggest draws is that many essential features, like income and expense tracking, invoicing, and basic accounting reports, are offered for free. This helps new businesses save money.
• Easy to Use: Wave is designed to be simple and intuitive, even for people without an accounting background. The straightforward interface makes navigating your finances less complicated.
• Cloud-Based Accessibility: Because it’s online, you can access your wave 데이터 from anywhere with an internet connection. This provides flexibility for business owners on the go.
• Integrated Invoicing: Creating and sending professional invoices to your customers is easy within Wave. You can also track payment statuses, helping you manage your cash flow effectively.
• Bank Connections: You can also connect your bank accounts and credit cards to Wave, which automatically pulls in your transactions. This saves time on manual data entry and helps keep your records accurate.
• Scalable Options: While the core features are free, Wave also offers paid add-ons like payroll and payment processing as your business grows and your needs become more complex.
• Good for Service-Based Businesses: Many freelancers and service providers find Wave particularly well-suited for their needs, especially with its invoicing and expense-tracking capabilities.

최고의 기능

Wave is a popular accounting software designed for small businesses and freelancers.

It’s known for its user-friendly tools that help you manage your money and get ready for tax time without a lot of stress.

Wave brings together features like invoicing, payments, and bookkeeping into one place, making it easier to handle your finances.

1. Account Reconciliation

This feature helps you make sure the money in your bank account matches what you have recorded in Wave.

It’s like checking your homework to make sure you didn’t miss anything. Wave can connect to your bank, which makes this process fast and easy.

It helps you catch mistakes and keep your books accurate.

2. Charts of Accounts

Think of the charts of accounts as a list of all your business money categories.

Wave makes this list easy to read and understand.

It helps you see where your money is going and where it is coming from.

This is a key part of keeping good financial records.

3. Invoices

Wave lets you create & send professional-looking invoices to your clients.

You can make them match your business by adding your logo and colors.

You can send them out quickly and even set up reminders to send to clients who are late on their payments.

This helps you get paid faster.

4. Products & Services

This feature lets you build a list of all the things you sell.

This could be a product you ship or a service you provide, like mowing a lawn.

By having this list, you can add items to your invoices with just a click.

This makes creating invoices much quicker and easier than typing everything out each time.

5. Tax Filing

Wave helps make tax season less of a headache.

The software organizes your income and expenses throughout the year.

It can also create important reports like a Profit and Loss statement, which your accountant needs to file your taxes.

With its payroll feature, Wave can even help with automatic tax payments and filings in some areas.

6. Expense Tracking

Wave makes it simple to keep track of every dollar you spend for your business.

You can connect all of your bank account & credit cards, and the program will automatically bring in your transactions.

This saves you from having to enter everything by hand.

You can even take pictures of your receipts with the mobile app to keep a digital record.

7. Financial Reporting

With Wave, you can easily create important reports that show you how your business is doing.

These reports can show you how much money you made, how much you spent, and your overall financial health.

They give you a clear picture of your business, so you can make smart decisions.

8. Mobile App

Wave has a mobile app that lets you handle your business finances on the go.

You can create invoices, track expenses, and see your financial reports from anywhere.

This is great for people who are always busy and don’t have time to sit at a desk.

9. Multi-Currency Support

If your business works with clients from other countries, this feature is very useful.

Wave can handle different types of money from all over the world.

This means you can create invoices and track payments in other currencies without any hassle.

It’s great for freelancers and businesses that have a global reach.

가격

Here’s a simple look at Wave Accounting’s pricing:

장단점

Understanding both the good & bad sides helps you decide if Wave fits your business needs. 

Let’s explore its key advantages and potential drawbacks.

Alternatives of Wave

Wave Compared

• Wave vs Puzzle IO: This software focuses on AI-powered financial planning for startups. Its counterpart is for personal finance.
• Wave vs Dext: This is a business tool for capturing receipts and invoices. The other tool tracks personal expenses.
• Wave vs Xero: This is popular online accounting software for small businesses. Its competitor is for personal use.
• Wave vs Synder: This tool syncs e-commerce data with accounting software. Its alternative focuses on personal finance.
• Wave vs Easy Month End: This is a business tool to streamline month-end tasks. Its competitor is for managing personal finances.
• Wave vs Docyt: This uses AI for business bookkeeping and automation. The other uses AI as a personal finance assistant.
• Wave vs Sage: This is a comprehensive business accounting suite. Its competitor is an easier-to-use tool for personal finance.
• Wave vs Zoho Books: This is an online accounting tool for small businesses. Its competitor is for personal use.
• Wave vs Quicken: Both are personal finance tools, but this one offers more in-depth investment tracking. The other is simpler.
• Wave vs Hubdoc: This specializes in document capture for bookkeeping. Its competitor is a personal finance tool.
• Wave vs Expensify: This is a business expense management tool. The other is for personal expense tracking and budgeting.
• Wave vs QuickBooks: This is well-known accounting software for businesses. Its alternative is built for personal finance.
• Wave vs AutoEntry: This is designed to automate data entry for business accounting. Its alternative is a personal finance tool.
• Wave vs FreshBooks: This is accounting software for freelancers and small businesses. Its alternative is for personal finance.
• Wave vs NetSuite: This is a powerful business management suite for large companies. Its competitor is a simple personal finance app.

Personal Experience with Wave

Our team found Wave to be a great small business accounting software.

We are small business owners and loved that it had a free version.

The free accounting and free platform gave us a good start.

We could manage multiple companies and have multiple users on the account. The free starter plan helped us a lot.

It gave us all the basic accounting features we needed.

With the free version, we could send unlimited invoices and manage bookkeeping records.

We could even accept online payments and get paid faster. The software made it easy for us to track our money.

It gave us payment reminders for our clients. We used the digital receipt capture feature to track our expenses.

Later, we decided to get the paid pro plan.

We used payroll processing to pay our team.

• Small Business Accounting Software: Wave is a great tool for managing our business money.
• Free Accounting Software: It offers a lot of features at no cost.
• Free Version: The basic plan is free and is very helpful.
• Unlimited Invoices: We could send as many invoices as we needed.
• Recurring Invoices: We set up bills to be sent automatically.
• Accept Online Payments: Clients could pay us easily with credit cards, Apple Pay, or bank payments.
• Payroll Processing: We could pay our employees and contractors.
• Direct Deposit: We paid our team instantly.
• Digital Receipt Capture: We took pictures of receipts to track spending.
• Multiple Users: Our whole team could use the software together.
• Money Management Features: The software helped us track all our income and expenses.
• Billable Hours: We could track the time we spent on projects.

We could pay an active employee or an independent contractor paid with direct deposit. This gave our team giving peace of mind.

We also got a discounted rate for online payments. The two plans made it easy to choose what we needed.

We used the recurring billing feature for some clients.

마지막 생각

Based on this wave accounting review, we recommend wave.

This invoicing software is great for small business owners.

It has many free tools. It can track your spending with receipt scanning. Wave integrates with your bank.

This brings in transactions automatically. The paid plans offer more.

You can use wave payroll and send automated payment reminders.

You can also accept credit card payments.

With features like multi factor authentication and unlimited users, it’s a secure platform. Its help center is there to help you.

Wave is a great choice for your business finances.

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