10+ Wave Alternatives and Competitors

Wave

8.9 User Rating
$40.5 M Revenue
205+ No of Employees
2009 Founded
SaaS Industry
Accounting Category
Kirk Simpson CEO
Overview

Wave is a fully integrated business accounting software for businesses of all sizes. Aside from that, the company itself is making leaps in the industry. In fact, since its establishment in 2009, Wave now has over 3.5 million customers from around the globe. This makes it one of the most used apps. Plus, since it has been around for quite some time, the consumer market knows that this company offers reliable products and services that are worth the trouble. Adding to the business side of things, Wave is currently earning more than $40.5 million per year, all thanks to their superb group of 200 and more employees – some even standout. These are Kerry Reynolds as Vice President of Marketing, Emmanual Ballerini as Senior Software Engineer, and Paul Marshall as Chief Operating Officer.

With such a robust software, one cannot deny the fact that it can provide you with all the essentials for your accounting needs. However, if interested to know about more platforms, we can say that Wave is currently competing against large and well-established software solutions. These are Zoho Books, NetSuite, QuickBooks, FreshBooks, Sage Intacct, Tipalti, Blackline, Xero, Kashoo, and Sage Business Cloud Accounting. Get to know these platforms a little better by scrolling down.

Alternatives

Logo Name Sort Rating Sort CEO Pricing Sort Founded Sort Revenue Sort Employees Sort Location Sort Reviews Sort Customers Sort
Zoho Books Zoho Books 9.5 Sridhar Vembu $9 1996 $600 M
9,100+
Chennai 1230+ Reviews
13M +
NetSuite NetSuite 9.2 Zach Nelson $99 1998 $800 M
603+
San Mateo 1590+ Reviews
21K +
FreshBooks FreshBooks 9.1 Mike McDerment $6 2003 $65 M
380+
Toronto 1500+ Reviews
24M +
Quickbooks Quickbooks 9 Sasan Goodarzi $5.22 1983 $16.7 M
9,400+
California 2300+ Reviews
2M +
Sage Intacct Sage Intacct 9 Robert Reid N/A 1999 $95 M
500+
California 1200+ Reviews
11K +
Wave Wave 8.9 Kirk Simpson N/A 2009 $40.5 M
205+
Toronto 1258+ Reviews
3.5M +
Tipalti Tipalti 8.9 Chen Amit $299 2010 $10 M
305+
San Mateo 1600+ Reviews
900 +
BlackLine BlackLine 8.8 Therese Tucker $6 2001 $289 M
1,055+
California 1450+ Reviews
2.2K +
Xero Xero 8.7 Steve Vamos $20 2006 $35 M
3,000+
Wellington
2000+ Reviews
1.4M +
Kashoo Kashoo 8.5 Jim Secord N/A 2009 $1 M
105+
Toronto 1900+ Reviews
150K +

Pricing

Accounting software
$0
Expense tracking
Powerful reports
Receipt scanning
$0
Free mobile app
Incorporate receipts

Key Employees

ImageNameDesignationLinkedin
Kerry ReynoldsKerry ReynoldsVice President Marketinghttps://ca.linkedin.com/in/mskerryreynolds
Emmanuel BalleriniEmmanuel BalleriniSenior Software Engineerhttps://ca.linkedin.com/in/emmanuel-ballerini-583608
Paul MarshallPaul MarshallChief Operating Officerhttps://ca.linkedin.com/in/pmarshall

Reviews

“ Excellent for the start-up to small company! ”

8/10 (overall) - Sutra B.
Pros
  • It was good while it lasted, before their system made my data unusable. They really tried to be helpful, I chatted with several friendly people online, all of whom were unable to resolve my issues.
  • This software is perfect for freelancers and consultants. I can important my transactions from my bank and categorize them, just like with paid plans, but for free.
Cons
  • Their suggested fixes did not work. They have chat and email support but no phone support and even though they logged in as an admin they were unable to fix this problem.
  • Wave implements a features, then they break, ignore fixing the problem, only provide workarounds that cost time and money. No compensation or any remorse by the company.

“ Maintain healthy accounts with wave ”

9/10 (overall) - aka r.
Pros
  • The best thing is that it lets you switch businesses within one account. And it’s free – it has all the features that a typical small business would need and to save $50-100/month is great.
  • That Wave is free is fantastic for a small business. Other accounting software can be extremely expensive, so getting most of those features for free is fantastic.
Cons
  • Starting off it was a little confusing there is a learning curve to it.
  • A year later, Wave lost the connection with all of capital one due to an issue with switching data providers (from Plaid). Next, Chase bank cards also disappeared.

“ A Solid Free Small Business Accounting Software ”

9/10 (overall) - Felix J.
Pros
  • This software is easy to learn and easy to use. We use it every day to invoice customers and keep up with balances due on accounts. We use it to send reminders when money is owed and to post payments on customer accounts.
  • Free software Affordable rates for payments Easy to use reporting Instant payout options
Cons
  • There have been a few glitches where pages didn’t load but we were able to get that resolved quickly by contacting customer support. A coupe of times it was due to our own system settings.
  • Reporting options are basic, which is expected for a free service.

Features

  • Access Control
  • Analytics
  • API
  • Accounting Intergration
  • Agile Software Development
  • Application Integration
  • Assignment Management
  • CRM Integration
  • Campaign Analysis
  • Campaign Planning
  • Collaboration Tools
  • Collaborative Workspace
  • Email Distribution
  • Email Notifications
  • Team Collaboration

Images & Videos

Q & A

Q. Is Wave a completely free app?

Yes, Wave is a completely free accounting and financial services platform for small businesses. Unlike other free accounting software, Wave has no artificial limits on invoicing, contacts, items, or other features. Wave only requires payment for services like adding payroll, payment processing, and professional bookkeeping.

Q. How much is the cost for Wave's credit and debit invoices?

Wave’s cost for accepting credit and debit payments for invoices would go at 2.9% of the transaction amount with a flat fee of 30 cents.

Q. Is Wave secure to utilize?

One of the primary characteristics of Wave Accounting is that it’s safe and secure to use. This software utilizes 256-bit encryption, and its services and procedures are audited and verified by multiple third parties. This feature enables Wave to deliver high security to its user’s bank or credit card data effectively and efficiently.

Q. What's the difference between Wave and QuickBooks?

The distinctive differences between Wave and Quickbooks are its compatibility with electronic platforms. Quickbooks offers an Android and iOS app access, whereas Wave just offers for the iOS app. What also separates them is that Wave has a free basic pricing plan for accounting, while Quickbooks impose a charge for every monthly bookkeeping.