When I signed up with Wave it was a no brainer. It's been one of the best decisions I've made when it comes to making sure my accounting is on point.
Frequently Asked Questions
Is your money management software actually free?
What’s the catch—how does Wave make money?
Wave makes money through our optional, paid money management features include online payment processing, payroll software, and access to personalized bookkeeping services and coaching through Wave Advisors. These features help keep our invoicing, accounting, and business banking (currently only available to sole proprietors in the US) free.
If you're interested in our payroll software, you can start a free 30-day trial when you sign up for Wave.
Do I need my credit card details to sign up for your accounting software?
Put your wallet away! You don’t need a credit card to sign up for Wave's accounting feature. Just enter your email to create your account and get started for free. You only need a credit card if you choose to use our optional paid features, such as payroll, online payment processing, or 1:1 accounting coaching services.
Is Wave's software something I need to install?
Wave's money management tools are web-based, so you just need an Internet connection and browser to manage your books. No installation is necessary for our online software!
If you're looking for an on-the-go money management solution, you can also install our mobile app to help you manage invoices, payments, and business banking. Download our mobile app on iOS and Android today!
Is my data secure when I use Wave?
Completely. Our servers are protected physically and electronically. Any connections between you, your bank accounts, and Wave are protected by 256-bit SSL encryption. Wave is a PCI-DSS Level 1 Service Provider.
Do you provide customer support?
We provide different levels of support for customers who use different features and services from Wave. Full details on how Wave support works are available here.
Can I import my data from other accounting apps like Quickbooks?
Yes, switching from other accounting apps or products to Wave is easy! See our step-by-step guide on how to import bookkeeping data into Wave here.
Can I set different account privileges for employees or my accountant?
Yes! Wave makes it easy to invite additional users to your account to help with your accounting. You can grant access to a trusted individual—an accountant, bookkeeper, tax preparer, or business partner, for example—by inviting that person to be a collaborator. See our step-by-step guide on how to invite collaborators to your Wave account.
Does Wave’s accounting tool work with my bank?
You can connect nearly 10,000 different bank and credit card accounts with Wave, so your financial transactions import automatically to make your bookkeeping simple.
Why should I use accounting software for my business?
Ditching spreadsheets for business accounting software can help you organize your financial documents and statements, reduce headaches during tax season, and remove unnecessary manual work.
When equipped with the right accounting software, you can do more than just basic bookkeeping. You can effectively analyze the financial health of your business, find ways to generate more profit, and move forward with your business plan.
How does accounting software work?
Accounting software helps business owners understand how money flows in and out of their businesses. It replaces the time-consuming method of collecting receipts in a drawer and manually tracking revenue and expenses in a spreadsheet or with pen and paper.
The right software helps business owners quickly categorize transactions and generate financial statements. These include cash flow reports, balance sheets, profit and loss statements, and expense breakdowns.
Accounting software like Wave can also seamlessly connect with your bank accounts so you can automate tasks like recording transactions and generating reports. This can help you save time and make financial decisions quickly.
What features should I look for in an accounting tool?
Some accounting features you should look out for include the ability to:
- Track income and expenses
- Measure accounts payable and accounts receivable
- Capture and organize receipts
- Automate basic accounting tasks
- Run basic bookkeeping reports
- Generate financial statements
- Calculate cash flow for your business
- Track sales and sales tax
- Add multiple users, such as your bookkeeper or accountant
Why should I switch from my current accounting solution to Wave?
Wave's accounting tool is 100% free! There are no trials or hidden fees, and it includes all the key features you need to keep your books accurate and run your business smoothly. Our double-entry accounting software is trusted by over 2 million small business owners.
With Wave, you'll also have an entire suite of money management features at your fingertips, including invoicing, payroll, and online payment processing. Send invoices to clients, get paid, and manage your books, all in one convenient platform. Wave is truly one-stop money management for small business owners like you!