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Home / Business tools / Accounting Software / Wave
7.6 Tested Aug 23, 2026 by Team RankingRight

Wave (Starter / Pro) review 2026

Real double-entry accounting and unlimited invoicing for free — bank feeds now need the $16 Pro plan

PriceFrom $0 · checked Sep 11, 2026
Time to reconcile 400 txns96 min
Entry plan0 $/mo

Is the Wave Worth It?

Best free accounting software. Wave is proper accounting software for nothing, and its Pro plan is proper accounting software with bank feeds for $16. The price of that is hours of categorising and a small app ecosystem.

Wave Pros & Cons

Pros
  • Free unlimited invoices, estimates and double-entry books
  • Pro at $16 adds bank feeds and receipt capture — still the cheapest here
  • Payroll available in the same app
  • Owned by H&R Block; stable
Cons
  • Starter now requires manual bank statement import
  • Auto-matching is weak; our reconciliation took longest
  • Few integrations; no inventory

Wave at a Glance

7.6 Editor Score
Bookkeeping coreBank feeds and matching, categorisation rules, reconciliation, double-entry integrity on our three-month data set.
21/30
Invoicing & paymentsInvoice templates, recurring billing, online payment fees, reminders, time and expense billing.
16/20
Reporting & taxP&L, balance sheet, cash flow, sales-tax tracking, 1099 and year-end exports.
11/15
Integrations & accountant accessApp marketplace, payroll, inventory, and whether an accountant can work in it free.
8/15
ValueMonthly price for a one-owner business with invoicing and bank feeds, at renewal.
20/20
Reader ratingNo reader ratings yet — not part of the score
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Own one? Rate it:

Rubric v1: Bookkeeping core 30 · Invoicing & payments 20 · Reporting & tax 15 · Integrations & accountant access 15 · Value 20. Score = Σ ÷ 10, locked Sep 11, 2026. How we rank.

Where to buy — prices checked Sep 11, 2026

Wave — $0

Best priceVisit Site

Wave specifications

PriceStarter free; Pro $16/mo
Free planYes
Users on entry planUnlimited
Bank feedsPro plan (manual import on Starter)
Card payment fee2.9% + 60¢ (Starter), 2.9% + 30¢ (Pro)
PayrollWave Payroll add-on from $20/mo + $6/employee
InventoryNo
Accountant accessCollaborator access
Mobile appiOS, Android

Why it scored 7.6

Wave is proper accounting software for nothing, and its Pro plan is proper accounting software with bank feeds for $16. The price of that is hours of categorising and a small app ecosystem.

Where it loses

Bookkeeping speed; integrations.

Still the right pick for

Sole traders with a few dozen transactions a month.

Changelog: Sep 11 — rank 4 → 5 · all changes

Wave7.6 · $0
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