Overview of Wave Features and Limitations

Wave provides free, unlimited accounting capabilities designed for small businesses and freelancers, with no time restrictions on core features.

Key Benefits:

• Truly free platform: All core accounting and invoicing features available at no cost

• Unlimited usage: No restrictions on transactions, invoices, or reports

• Double-entry accounting: Professional-grade bookkeeping system

• Bank connections: Automatic transaction import and reconciliation

• Receipt scanning: Digital receipt capture and expense tracking

Limitations:

• Payment processing fees: Transaction fees apply for payment processing

• Payroll costs: Starts at $20/month plus $6 per employee for self-service, $40/month plus $6 per employee for full-service

• Feature depth: Some advanced features not available compared to paid competitors

Ideal for freelancers, startups, and small businesses seeking free accounting software with professional features. Best suited for businesses that don't need advanced inventory management or complex accounting functions. Core platform is completely free, with optional paid add-ons for payment processing and payroll services.