Wave

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Feature	Wave
STOA Rating	8.0
Description	Free accounting and invoicing software for freelancers and small businesses that covers income and expense tracking, receipt scanning, and financial reporting.
Strengths	•Genuinely free accounting and invoicing with no artificial limits •Clean, easy-to-use interface that doesn't require an accounting background •Handles income, expenses, and financial reports in one place •Receipt scanning saves time on manual data entry
Weaknesses	•Online payment processing charges transaction fees (2.9% + $0.60 per card transaction) •Customer support is slow and limited on the free plan •Payroll is a paid add-on and only available in some US states •Lacks advanced features like inventory tracking or project-based billing
Key Features	•Create and send unlimited invoices to clients at no cost •Track business income and expenses automatically •Scan and store receipts using the mobile app •Generate basic financial reports like profit & loss and balance sheets •Accept credit card and bank payments online (transaction fees apply) •Add payroll processing as a paid add-on starting at $20/month plus per-employee fees
Pricing	Free tier available Free Tier
Best For	Accounting & Tax Services
AI Features	None
Categories	Get Paid & Manage Money
STOA Verdict	Wave is a great fit if you're a freelancer, solo operator, or very small business that needs solid accounting and invoicing without paying a monthly fee. The free plan covers more than most paid tools — income tracking, expense management, and unlimited invoices — but you'll pay transaction fees when accepting payments online, and the customer support is limited unless you upgrade. If you're outgrowing basic bookkeeping or need payroll, the costs start adding up.
	Visit Wave View Profile

Wave

8.0

Free accounting and invoicing software for freelancers and small businesses that covers income and expense tracking, receipt scanning, and financial reporting.

Strengths

•Genuinely free accounting and invoicing with no artificial limits
•Clean, easy-to-use interface that doesn't require an accounting background
•Handles income, expenses, and financial reports in one place
•Receipt scanning saves time on manual data entry

Weaknesses

•Online payment processing charges transaction fees (2.9% + $0.60 per card transaction)
•Customer support is slow and limited on the free plan
•Payroll is a paid add-on and only available in some US states
•Lacks advanced features like inventory tracking or project-based billing

Key Features

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