Started here three years ago expecting to outgrow it in six months. Still here. If your business is genuinely small, this is not a compromise.
Pros
Unlimited invoices, estimates and customers on the free tier.
Cons
There is no inventory, no project tracking and no multi currency.
Ease of use
Value for money
Customer service
Functionality
2 found this helpful
Emilio Acheson
Operations Manager, Trailhead Bicycles
United States·Real estate·11 to 50 employees
4.0
Mar 28, 2026
Verified userUsed 1 to 2 years
The right answer for a one person business
Canadian payroll files our T4s and handles CPP, EI and the ROE when someone leaves. Remittance to CRA is automatic. For a five person shop in Alberta this is the whole job done for a fraction of what the big providers quoted.
Pros
The accounting and invoicing are genuinely free, not a limited trial.
Cons
Reporting is basic and exports are the answer to most non standard questions.
Ease of use
Value for money
Customer service
Functionality
1 found this helpful
Felicia Tran
Operations Manager, Beacon Legal Partners
Canada·Nonprofit·51 to 200 employees
5.0
Feb 7, 2026
Verified userUsed 6 to 12 months
The right answer for a one person business
The invoicing is clean and clients pay by card from the invoice. I have used tools costing 40 dollars a month that did this worse.
Pros
The accounting and invoicing are genuinely free, not a limited trial.
Cons
US payroll only files for you in a limited set of states. Check yours first.
Ease of use
Value for money
Customer service
Functionality
1 found this helpful
Zara Raghavan
Head of Operations, Fairview Veterinary
United States·Financial services·51 to 200 employees
5.0
Sep 10, 2025
Verified userUsed 6 to 12 months
Real accounting at no cost
Canadian payroll files our T4s and handles CPP, EI and the ROE when someone leaves. Remittance to CRA is automatic. For a five person shop in Alberta this is the whole job done for a fraction of what the big providers quoted.
Pros
Canadian payroll handles T4, ROE, CPP and EI with automatic CRA remittance.
Cons
US payroll only files for you in a limited set of states. Check yours first.
Ease of use
Value for money
Customer service
Functionality
1 found this helpful
Erin Whitfield
Founder, Prairie Rose Bakery
United States·Professional services·11 to 50 employees
1.0
Aug 30, 2025
Verified userUsed 6 to 12 months
US payroll left us filing ourselves
Signed up for payroll and found our state is not one where Wave files for you. It calculates, then hands you the numbers to file yourself. That is not what full service means and it was not clear before I paid.
Pros
Receipt scanning works well enough to keep shoeboxes empty.
Cons
Support is email and a forum, and replies take days.
Ease of use
Value for money
Customer service
Functionality
Response from the vendorSep 4, 2025
Thank you for flagging the bank connection issue. Silent feed failures are something we take seriously and our team would like the details. Please contact support so we can look at your specific institution.
1 found this helpful
Isaac Novak
Sales Director, Harborline Supply
United States·Real estate·11 to 50 employees
5.0
Aug 8, 2025
Used 2 or more years
T4 season was painless
The invoicing is clean and clients pay by card from the invoice. I have used tools costing 40 dollars a month that did this worse.
Pros
You can run several businesses from one login.
Cons
Support is email and a forum, and replies take days.
Ease of use
Value for money
Customer service
Functionality
1 found this helpful
Simon Pyne
Studio Director, Falcon Ridge Landscaping
United States·Hospitality·51 to 200 employees
5.0
Feb 21, 2025
Verified userUsed 1 to 2 years
Real accounting at no cost
The invoicing is clean and clients pay by card from the invoice. I have used tools costing 40 dollars a month that did this worse.
Pros
Unlimited invoices, estimates and customers on the free tier.
Cons
US payroll only files for you in a limited set of states. Check yours first.
Ease of use
Value for money
Customer service
Functionality
1 found this helpful
Halima Tremblay
Finance Manager, Blackstone Contracting
United States·Accounting·1 to 10 employees
5.0
Aug 31, 2024
LinkedIn confirmedUsed 1 to 2 years
T4 season was painless
Started here three years ago expecting to outgrow it in six months. Still here. If your business is genuinely small, this is not a compromise.
Pros
Proper double entry underneath, so an accountant can work with it.
Cons
Bank feeds drop more often than on paid competitors and sometimes fail silently.
Ease of use
Value for money
Customer service
Functionality
1 found this helpful
Neil Ferreira
Director of Finance, Willow & Ash Salons
United States·Construction·201 to 500 employees
5.0
Feb 21, 2026
Verified userLinkedIn confirmedUsed 1 to 2 years
Free and not crippled
Canadian payroll files our T4s and handles CPP, EI and the ROE when someone leaves. Remittance to CRA is automatic. For a five person shop in Alberta this is the whole job done for a fraction of what the big providers quoted.
Pros
Proper double entry underneath, so an accountant can work with it.
Cons
Bank feeds drop more often than on paid competitors and sometimes fail silently.
Ease of use
Value for money
Customer service
Functionality
0 found this helpful
Trevor Gallagher
Bookkeeper, Coastline Outfitters
Canada·Financial services·11 to 50 employees
5.0
Jan 26, 2026
LinkedIn confirmedUsed 1 to 2 years
Free and not crippled
Started here three years ago expecting to outgrow it in six months. Still here. If your business is genuinely small, this is not a compromise.
Pros
Unlimited invoices, estimates and customers on the free tier.
Cons
Support is email and a forum, and replies take days.
Ease of use
Value for money
Customer service
Functionality
0 found this helpful
Quentin Forsythe
People Operations Lead, Northern Star Staffing
United States·Professional services·201 to 500 employees
5.0
Dec 23, 2025
LinkedIn confirmedUsed 6 to 12 months
Free and not crippled
Started here three years ago expecting to outgrow it in six months. Still here. If your business is genuinely small, this is not a compromise.
Pros
Receipt scanning works well enough to keep shoeboxes empty.
Cons
Bank feeds drop more often than on paid competitors and sometimes fail silently.
Ease of use
Value for money
Customer service
Functionality
0 found this helpful
Wesley Donnelly
Chief of Staff, Willow & Ash Salons
United States·Accounting·1 to 10 employees
3.0
Nov 16, 2025
Used 6 to 12 months
Free has a ceiling and you will find it
It is excellent for what it is and it will not scale. No inventory, no projects, no multi currency. We are approaching the point where we need those and we will have to move. No complaints, but plan for it.
Pros
Receipt scanning works well enough to keep shoeboxes empty.
Cons
There is no inventory, no project tracking and no multi currency.
Ease of use
Value for money
Customer service
Functionality
0 found this helpful
Patrick Delgado
Practice Manager, Hillcrest Family Clinic
Other·Legal·11 to 50 employees
5.0
Oct 14, 2025
Verified userUsed 1 to 2 years
Real accounting at no cost
I run a one person consultancy and Wave does everything I need for nothing. Unlimited invoices, real double entry underneath, and my accountant can work with the export. I kept waiting for the catch and there is not one.
Pros
Canadian payroll handles T4, ROE, CPP and EI with automatic CRA remittance.
Cons
Support is email and a forum, and replies take days.
Ease of use
Value for money
Customer service
Functionality
0 found this helpful
Cody Nowak
People Operations Lead, Clearview Windows
Canada·Transport and logistics·1 to 10 employees
4.0
Jul 10, 2025
LinkedIn confirmedUsed 2 or more years
Free and not crippled
Canadian payroll files our T4s and handles CPP, EI and the ROE when someone leaves. Remittance to CRA is automatic. For a five person shop in Alberta this is the whole job done for a fraction of what the big providers quoted.
Pros
The accounting and invoicing are genuinely free, not a limited trial.
Cons
US payroll only files for you in a limited set of states. Check yours first.
Ease of use
Value for money
Customer service
Functionality
0 found this helpful
Brendan Mensah
VP of Sales, Redbrick Property Group
United States·Education·1 to 10 employees
4.0
May 23, 2025
Used 2 or more years
T4 season was painless
I run a one person consultancy and Wave does everything I need for nothing. Unlimited invoices, real double entry underneath, and my accountant can work with the export. I kept waiting for the catch and there is not one.
Pros
You can run several businesses from one login.
Cons
Support is email and a forum, and replies take days.
Ease of use
Value for money
Customer service
Functionality
0 found this helpful
Rebecca Alvarado
HR Manager, Prairie Rose Bakery
United States·Professional services·1 to 10 employees
4.0
May 20, 2025
Verified userLinkedIn confirmedUsed 6 to 12 months
The right answer for a one person business
I run a one person consultancy and Wave does everything I need for nothing. Unlimited invoices, real double entry underneath, and my accountant can work with the export. I kept waiting for the catch and there is not one.
Pros
Unlimited invoices, estimates and customers on the free tier.
Cons
There is no inventory, no project tracking and no multi currency.
Ease of use
Value for money
Customer service
Functionality
0 found this helpful
Ophelia Villareal
Controller, Falcon Ridge Landscaping
United States·Professional services·11 to 50 employees
4.0
May 19, 2025
Verified userLinkedIn confirmedUsed 1 to 2 years
T4 season was painless
Canadian payroll files our T4s and handles CPP, EI and the ROE when someone leaves. Remittance to CRA is automatic. For a five person shop in Alberta this is the whole job done for a fraction of what the big providers quoted.
Pros
Unlimited invoices, estimates and customers on the free tier.
Cons
Bank feeds drop more often than on paid competitors and sometimes fail silently.
Ease of use
Value for money
Customer service
Functionality
0 found this helpful
Ursula Pemberton
General Manager, Falcon Ridge Landscaping
Canada·Construction·11 to 50 employees
5.0
Feb 19, 2025
Verified userLinkedIn confirmedUsed 2 or more years
Real accounting at no cost
Canadian payroll files our T4s and handles CPP, EI and the ROE when someone leaves. Remittance to CRA is automatic. For a five person shop in Alberta this is the whole job done for a fraction of what the big providers quoted.
Pros
Proper double entry underneath, so an accountant can work with it.
Cons
US payroll only files for you in a limited set of states. Check yours first.
Ease of use
Value for money
Customer service
Functionality
0 found this helpful
Priya Laroche
Project Manager, Blackstone Contracting
Canada·Real estate·51 to 200 employees
2.0
Dec 24, 2024
Verified userUsed 1 to 2 years
Bank feeds drop constantly
The bank connection breaks every few weeks and needs reconnecting. Sometimes it silently stops pulling and I do not notice until reconciliation does not balance. For accounting software that is a real problem, free or not.
Pros
The accounting and invoicing are genuinely free, not a limited trial.
Cons
Bank feeds drop more often than on paid competitors and sometimes fail silently.
Ease of use
Value for money
Customer service
Functionality
0 found this helpful
Valerie Eriksson
Practice Manager, Falcon Ridge Landscaping
United States·Ecommerce·1 to 10 employees
4.0
Nov 30, 2024
Verified userLinkedIn confirmedUsed 6 to 12 months
T4 season was painless
Canadian payroll files our T4s and handles CPP, EI and the ROE when someone leaves. Remittance to CRA is automatic. For a five person shop in Alberta this is the whole job done for a fraction of what the big providers quoted.
Pros
Canadian payroll handles T4, ROE, CPP and EI with automatic CRA remittance.
Cons
US payroll only files for you in a limited set of states. Check yours first.
United States
Canada