9.6
SpotScore
Wave Reviews in September 2026: User Ratings, Pros & Cons
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Wave Reviews & Ratings
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Spotsaas Editor’s POV
Wave Accounting works best for freelancers and sole proprietors handling straightforward invoicing and expense tracking. The free tier includes core accounting features, bank transaction imports, and basic reporting—sufficient for businesses with annual revenue under $100K and minimal tax complexity. Before shortlisting, verify that Wave's chart of accounts ...Read more
Wave pros and cons
Provides free accounting tools and features, making it an accessible option for small businesses and freelancers with tight budgets.
Easy to use interface that simplifies invoicing, expense tracking, and recurring billing for users without an accounting background.
Automates key accounting tasks such as bank reconciliations, recurring invoices, and transaction categorization, saving time and effort.
Integrates with bank accounts and imports transactions efficiently, streamlining financial tracking.
Poor customer service with slow response times, limited availability, and insufficient support, especially for non-paying users.
Issues with payment processing, such as funds being withheld, accounts being frozen, or payouts being delayed without clear explanations.
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Showing 171-180 out of 423
K
Kam
04/05/21
Terrible Updates
They keep changing the transaction page and it is awful now. You can't see the description of the line items. Every time they update that page it's for the worst, not for the better. You can't read more than two words from the description of each line item. Now you have to click on each to read the description which adds hundreds of hours of work to bookkeeping when you used to be able to see it by simply scrolling up and down. Horrible update. They're going backwards. It seems you also ...
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SM
Sahra Mackley
03/30/21
Beware this company
I sent an invoice using Wave to a customer which was paid on March 19th using Wave's payment processing service. The app told me that the payment was processing and should clear into my account on March 31. This seemed like a long time, but I waited patiently. Noon on March 30 I received an email from Wave saying that they had decided not to allow me to use their payment processing system and would now be holding the funds for 65 days. I'm sure the funds have exited my customer's account at ...
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SM
Sahra Mackley
03/30/21
Beware this company
I sent an invoice using Wave to a customer which was paid on March 19th using Wave's payment processing service. The app told me that the payment was processing and should clear into my account on March 31. This seemed like a long time, but I waited patiently. Noon on March 30 I received an email from Wave saying that they had decided not to allow me to use their payment processing system and would now be holding the funds for 65 days. I'm sure the funds have exited my customer's account at ...
Read more
C
Customer
03/30/21
Akin to having a scammer handle your payments
A couple of months after using the Wave's system, they abruptly and suddenly witheld a payment for a large job causing severe losses and a whopping $400 in overdraft fees. They claimed they took the funds for a standard regular risk review because of a client's amex payment. After terrible back and forth communication, they cancelled the transaction and we lost over 3 thousand dollars in hard earned monies. Our experience dealing with them was like dealing a scam artist or a fraudster. They ...
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C
Customer
03/30/21
Akin to having a scammer handle your payments
A couple of months after using the Wave's system, they abruptly and suddenly witheld a payment for a large job causing severe losses and a whopping $400 in overdraft fees. They claimed they took the funds for a standard regular risk review because of a client's amex payment. After terrible back and forth communication, they cancelled the transaction and we lost over 3 thousand dollars in hard earned monies. Our experience dealing with them was like dealing a scam artist or a fraudster. They ...
Read more
CC
Christy Christie
03/20/21
BUYER BEWARE
BUYER BEWARE - tried taking $7500+ from my account. Then sent me some scam email saying I needed to reconnect my bank account!
CC
Christy Christie
03/20/21
BUYER BEWARE
BUYER BEWARE - tried taking $7500+ from my account. Then sent me some scam email saying I needed to reconnect my bank account!
AU
Anonymous User
03/09/21
"Easy to use and helps me collect payments!"
What do you like best about Wave? Easy to generate invoices as well as add transactions to keep track of all incoming cash flow. We can also import from bank account.
SG
Seth Goyes
03/08/21
Horse crap technology
Horse crap technology. "If you receive the error, “Couldn’t connect to your institution,” it’s because there’s a known issue between our third-party data aggregator and your bank." How is this even a thing in 2021? You are partnered with RBC and you are blaming your inability to connect customers to their banking on a third party app lol. Hire a better product team.
SG
Seth Goyes
03/08/21
Horse crap technology
Horse crap technology. "If you receive the error, “Couldn’t connect to your institution,” it’s because there’s a known issue between our third-party data aggregator and your bank." How is this even a thing in 2021? You are partnered with RBC and you are blaming your inability to connect customers to their banking on a third party app lol. Hire a better product team.
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Disclaimer: This research has been collated from a variety of authoritative sources. We welcome your feedback at [email protected].