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Financial Reporting Software

Wave Accounting

Cloud accounting and invoicing for small businesses and freelancers, with a mobile companion app

By Wave Apps

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About Wave Accounting

Accounting for small businesses and freelancers

Small businesses and freelancers are the users of Wave Accounting, a cloud-based accounting package. Its makers describe it as real double-entry accounting, with data reachable from anywhere, unlimited collaborators and a single login for working across several businesses. The software aims to remove manual data entry and put the financial reports an owner needs within reach.

Connected invoicing, receipts, payments and payroll

The accounts are integrated with invoicing, receipt scanning, payment processing and payroll, so figures flow from one tool to the next rather than being retyped. Invoices can be created, customized and sent in professional form, and an owner can see when an invoice has been viewed, becomes due or is paid.

The mobile app

Wave's mobile app, available on iOS and Android, works as a companion to the desktop experience. A dashboard summarizes the business and lists outstanding tasks, invoices can be issued on the go, payments can be marked as received on the spot, and automatic payment reminders cut down on chasing customers. Card and bank payments can be accepted through online payments.

TrustList summary

Wave Accounting is cloud-based accounting software for small businesses and freelancers. It offers double-entry bookkeeping that can be reached from any location, and it links the accounts to invoicing, receipt scanning, payment processing and payroll. A mobile app lets owners keep an eye on the business while away from a desk.

What Wave Accounting offers

  • Double-entry accounting: real bookkeeping with financial reports on hand.
  • Invoicing: invoices can be created, customised and sent from the app, with alerts when they are viewed, due or paid.
  • Payment reminders: automatic reminders chase overdue invoices.
  • Receipt scanning and payroll: extra tools connected to the same accounts.
  • Multiple businesses: several businesses can be run from one login, with extra collaborators.

Who it works with

Small businesses and freelancers.

Key facts

  • Platform: web, plus iOS and Android apps
  • Type: cloud accounting and invoicing

Summary written by TrustList from the business's own published information, Nov 2026.

Categories & features

Wave Accounting rankings

Wave Accounting is ranked on 6 TrustList rankings: #2 on 4, #39 on 1 and #47 on 1, across 3 categories.

Every ranking orders its listings by their reviews, how complete the profile is and the Trust Score. Wave Accounting has no reviews yet and 3 of the 10 profile details we look for. Where no listing on a page has been reviewed, the order follows the profiles alone.

Financial reporting software · 4 rankings

On each of these it sits behind Close Management Software.

  • #2of 8
    Balance sheet

    It is the only one of the 8 here listing customer statements and online invoicing.

    Of the 8 here, 7 also cover Profit/Loss statement and 6 also cover bank reconciliation.

  • #2of 8
    General ledger

    It is the only one of the 8 here listing receipt management and time & expense tracking.

    Of the 8 here, 5 also cover payroll management and 5 also cover cash management.

  • #2of 7
    Web based cloud saas

    It is one of 2 here listing accounts payable and CPA firms.

    Of the 7 here, 4 also cover billing & invoicing.

  • #2of 6
    Bank reconciliation

    It is one of 2 here listing fund accounting and government.

    Of the 6 here, 4 also cover fixed asset management.

Bank reconciliation software · 1 ranking

Accounts receivable software · 1 ranking

As of 2026-11-15. Organic ranks only; sponsored placements are never ranks. How TrustList ranks

What the business tells TrustList

Stability: major incidents
1 incidents measured

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