--- description: Review of Wave Software: system overview, features, price and cost information. Get free demos and compare to similar programs on Software Advice New Zealand. image: https://gdm-localsites-assets-gfprod.imgix.net/images/software_advice/og_logo-55146305bbe7b450bea05c18e9be9c9a.png title: Wave | Reviews, Pricing & Demos - SoftwareAdvice NZ --- Breadcrumb: [Home](/) > [Online Payroll Software](/directory/1618/online-payroll/software) > [Wave](/software/18767/wave) # Wave Canonical: https://www.softwareadvice.co.nz/software/18767/wave Page: 1 / 71\ Next: [Next page](https://www.softwareadvice.co.nz/software/18767/wave?page=2) > Online accounting software that provides features including invoicing, billing, payment tracking, payroll management, finance management, credit card processing, and receipt scanning. Wave Accounting is designed to help businesses streamline bookkeeping processes. With Wave's bank reconciliation tools, businesses can manage all bank account and credit card information in real-time to improve bookkeeping. Businesses can also generate reports that include various data such as sales tax, balance sheet, cash flow, profit/loss, plus more. Wave's dashboard includes an invoicing tool that collects invoice payments. A small business owner can choose customizable invoicing templates based on unique business needs. Invoices can be sent via email and the software's credit card processing feature allows users to collect payments online. Recurring invoices and automatic payment features are available for regular customers. Wave empowers users to keep track of their business's financial health by offering accounting reports. These reports provide insights by allowing for month-to-month or year-to-year comparisons. By identifying cash flow trends, businesses can make informed decisions to navigate their financial landscape. It organizes income, expenses, payments, and invoices through the dashboard. Its security measures assist with the protection of sensitive financial data. Bank data connections are read-only and encrypted using 256-bit encryption. The servers are housed under physical and electronic protection, and Wave is PCI Level-1 certified for handling credit card and bank account information, further enhancing the security of users' financial information. > > Verdict: Rated **4.4/5** by 1731 users. Top-rated for **Likelihood to recommend**. ----- ## Quick Stats & Ratings | Metric | Rating | Detail | | **Overall** | **4.4/5** | 1731 Reviews | | Ease of Use | 4.5/5 | Based on overall reviews | | Customer Support | 4.0/5 | Based on overall reviews | | Value for Money | 4.6/5 | Based on overall reviews | | Features | 4.2/5 | Based on overall reviews | | Recommendation percentage | 80% | (8/10 Likelihood to recommend) | ## About the vendor - **Company**: Wave - **Location**: Toronto, Canada - **Founded**: 2009 ## Commercial Context - **Starting Price**: US$19.00 - **Pricing model**: Flat Rate (Free version available) (Free Trial) - **Pricing Details**: Wave offers a free version under the Starter plan with basic bookkeeping and invoicing features. The Pro plan is available at $19 USD per month with additional features. - **Target Audience**: Self Employed, 2–10, 11–50, 51–200, 201–500, 501–1,000, 1,001–5,000, 5,001–10,000, 10,000+ - **Deployment & Platforms**: Cloud, SaaS, Web-based, Android (Mobile), iPhone (Mobile) - **Supported Languages**: English - **Available Countries**: Australia, Canada, China, Germany, India, Japan, United Kingdom, United States ## Features - ACH Payment Processing - Access Controls/Permissions - Accounting - Accounting Integration - Accounts Payable - Accounts Receivable - Activity Dashboard - Activity Tracking - Alerts/Notifications - Automatic Billing - Bank Reconciliation - Billing & Invoicing - Budgeting/Forecasting - CPA Firms - CRM - Cash Flow Management - Cash Management - Chart of Accounts - Collaboration Tools - Commission Management ## Integrations (6 total) - Gmail - Google Sheets - Microsoft Outlook - PayPal - Shoeboxed - Zapier ## Support Options - Email/Help Desk - FAQs/Forum - Knowledge Base - Chat ## Category - [Online Payroll Software](https://www.softwareadvice.co.nz/directory/1618/online-payroll/software) ## Related Categories - [Online Payroll Software](https://www.softwareadvice.co.nz/directory/1618/online-payroll/software) - [Payroll Software](https://www.softwareadvice.co.nz/directory/318/payroll-software/software) - [Payroll Software for Accountants](https://www.softwareadvice.co.nz/directory/3179/accountant-payroll/software) - [Online HR Software](https://www.softwareadvice.co.nz/directory/369/web-based-hr-software/software) - [HR Software for Nonprofits](https://www.softwareadvice.co.nz/directory/367/nonprofit/software) ## Alternatives 1. 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I looked forward to using it more. ----- ### "Best accounting software features for free\!" — 5.0/5 > **Josh** | *13 April 2026* | Design | Recommendation rating: 10.0/10 > > **Pros**: Most everything is free so it is a great value. The price of payment processing is comparable to other services. The invoices and auto invoices work quite well and look nice and it is easy for my customers to pay. > > **Cons**: The most annoying thing is the invoice names especially for auto invoices. I use what was done for invoice names and numbers rather than just a number. So it now makes the next invoice number as whatever the last invoice name was and just add one to it so they don't make sense so I have to manually make a name. > > Wave is awesome. It is easy to use, looks up to date, it has great pricing and also has a phone app that makes things easy like applying payments and checking invoices when out and about. ----- ### "Still a Top Choice\!" — 5.0/5 > **Amanda** | *2 August 2026* | Nonprofit Organisation Management | Recommendation rating: 10.0/10 > > **Pros**: The cost of Wave compared to other similar options, is far better. The integration with a variety of banking institutions makes accounting in real-time possible. > > **Cons**: I would like to see more reports available under the reporting tab. It does not allow for budget input making it slightly more difficult to measure true spending against what was planned. ----- ### "Do Not Use Wave Payments — Funds Held After Customer Paid" — 1.0/5 > **emir** | *25 June 2026* | Environmental Services | Recommendation rating: 0.0/10 > > **Pros**: Nothing significant. The proposal and invoice setup seemed simple at first, but that became irrelevant once Wave accepted my customer’s ACH payment, withdrew the funds, and then refused to release the payment to my business account. > > **Cons**: The worst part of Wave was the payment processing experience. I used Wave for the first time to create a proposal and invoice. My customer paid by ACH/bank payment through Wave, the funds were withdrawn from the customer, and then Wave refused to release the payment to my business account because they claimed they could not verify my business. Wave did not first request specific documents, did not explain exactly what verification failed, and did not give me a meaningful opportunity to resolve the issue. My company is a legitimate registered and insured business, and I can provide EIN documentation, LLC registration, insurance, business banking information, invoice, proposal, customer payment confirmation, and proof of completed work. Instead of releasing the payment, Wave stated that the funds could be held for 70 days and then refunded to the customer. This is unacceptable for a small business. Based on my experience, I would not recommend Wave Payments to any business that depends on timely access to customer payments. > > My overall experience with Wave was extremely negative and damaging to my business. I used Wave for the first time to create a proposal and invoice for a legitimate completed project. My customer paid through Wave by ACH/bank payment, and the funds were withdrawn from the customer, but Wave did not release the payment to my business account. Instead, Wave later claimed they were unable to verify my business and stated that the funds could be held for 70 days. They did not provide a clear explanation, did not request specific verification documents before holding the payment, and did not give me a meaningful opportunity to resolve the issue. As a small business owner, this is completely unacceptable. I rely on timely payment for completed work, and this experience caused unnecessary disruption, stress, and damage to my customer relationship. I would never use Wave again under any circumstances, and I strongly recommend that other businesses look for other invoicing and payment processing options. ----- ### "It's Been Great for My Business\!" — 4.0/5 > **Amber** | *24 March 2026* | Design | Recommendation rating: 9.0/10 > > **Pros**: I use Wave for my accounting and invoicing software. It's super affordable and easy to implement, which was a great starting point when I launched my business\! The customer support has always been helpful when I've needed it. The option to create recurring invoices has been amazing, as well as the reports I can pull at the end of each year. Super helpful\! > > **Cons**: The auto-import for my bank transactions has not been working for a while, and although Wave Customer Support did what they could, I wish this could be more easily resolved. It's been a bit tedious having to manually import them. I also think that if I'm paying for a Pro subscription, I should have fewer fees being taken out. (I canceled the Pro subscription before the year was up.) Furthermore, the receipt uploading is great except that it creates a new transaction. It'd be nice if it could match the receipt with the transaction, since I will later import all transactions from the bank into Wave and that will cause duplicates. > > It's been a great software to get me started in my business and it's easy for my clients to navigate invoices and payments. That is a win\! I am able to track my spending with categories, as well, and that makes it easier to do my taxes at the end of each year. ----- Page: 1 / 71\ Next: [Next page](https://www.softwareadvice.co.nz/software/18767/wave?page=2) ## Links - [View on SoftwareAdvice](https://www.softwareadvice.co.nz/software/18767/wave) ## This page is available in the following languages | Locale | URL | | de | | | en | | | en-AU | | | en-GB | | | en-IE | | | en-NZ | | | fr | | ----- ## Structured Data