Vendor: H&R Block (Wave Financial)
Category: Accounting
Best for: Small business (1–50)
Free accounting software for small businesses.
Overview
Wave provides free accounting, invoicing, and receipt scanning for entrepreneurs and small businesses. Connect bank accounts, categorize transactions, send professional invoices, accept online payments, and run financial reports without monthly software fees. Payroll and payment processing are available as paid add-ons.
Features
- Free accounting and bookkeeping
- Bank connections and transaction categorization
- Invoicing and payment reminders
- Online payments (pay-per-use fees)
- Receipt scanning via mobile
- Profit and loss and balance sheet reports
- Sales tax tracking
- Double-entry accounting
- Accountant collaboration
- Payroll add-on (US and Canada)
Pricing
- Accounting: Free (per month)
Core accounting, invoicing, and reports at no cost.
- Unlimited income and expense tracking
- Unlimited bank connections
- Unlimited invoicing
- Financial reports
- Online Payments: 2.9% + $0.60 (per transaction)
Accept credit card and bank payments on invoices.
- Credit card payments
- Bank payments (ACH)
- Automatic reconciliation
- Payroll: From $20 (per month)
Full-service payroll for US and Canada.
- Tax filings
- Direct deposit
- Employee self-service
- Contractor payments
Integrations
- Stripe
- PayPal
- Etsy
- Shopify
- Gusto
- Zapier
Deployment
- Cloud, SaaS, Web-Based
- Mobile — iOS
- Mobile — Android
Support
- Knowledge Base
- Community Forum
Languages
- English
- French
Alternatives in Accounting
- QuickBooks Online (Grid Score N/A)
- FreeAgent (Grid Score N/A)
- Sage Intacct (Grid Score N/A)
- Expensify (Grid Score N/A)
- FreshBooks (Grid Score N/A)
- BILL (Grid Score N/A)
- Zoho Books (Grid Score N/A)
- NetSuite (Grid Score N/A)