Wave reviews

4.0(3)

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Lucas M.

Growth Lead · SaaS · 1–10 employees

4.0

April 26, 2026

“Best free option, with a caveat worth knowing”

Used monthly for 6–12 months

Nothing else gives you real books for nothing. Just go in understanding that the bank-feed change means the free tier now costs you time instead of money — fine at low volume, painful above about a hundred transactions a month.

Pros

Complete double-entry accounting at no cost.

Cons

Manual categorisation on the free plan gets old quickly as you grow.

Ben C.

Freelance Consultant · Consulting · Self-employed

3.5

March 11, 2026

“Fine until the business grew”

Used monthly for 2+ years

Used it happily for two years. Once I had inventory and a second currency it simply could not do the job, and the manual bank import on the free plan became a chore. Migrated to Xero without regret about the time on Wave.

Pros

Zero cost, easy to learn, decent invoicing.

Cons

No inventory, no multi-currency, no project tracking. Free-plan support is docs only.