Wave

Wave is a completely free accounting and invoicing platform for small businesses and freelancers. Unlike most "free" tools that gate core features behind a paywall, Wave's entire accounting and invoicing platform is free with no limits.

How Is It Free?

Wave makes money through optional paid services: payment processing (2.9% + $0.60 per transaction) and payroll ($40/month base). The core accounting, invoicing, and financial reporting tools are genuinely free with no user caps or feature restrictions.

What You Get

• Double-entry accounting - Full bookkeeping with chart of accounts and journal entries
• Unlimited invoicing - Create and send professional invoices with no caps
• Receipt scanning - Snap photos of receipts and attach them to transactions
• Financial reports - Profit and loss, balance sheet, cash flow, and tax reports
• Bank connections - Connect bank accounts and credit cards for automatic imports
• Multi-currency - Handle transactions in multiple currencies
• Recurring invoices - Set up automatic billing for repeat clients
• Customer management - Track customer information and payment history

What to Know

Wave is primarily designed for businesses in the US and Canada. Payment processing and payroll features are limited to these regions. For businesses outside North America, the accounting and invoicing features still work, but payment collection requires a third-party solution.