Wave

Wave is a free accounting platform for very small businesses, covering invoicing and basic bookkeeping at no cost. Its Starter plan is free forever, which makes it the cheapest way to run proper books for a solo business.

Key Features

Free accounting and invoicing for small businesses
Starter plan free forever
Pro plan adds bank feeds and unlimited users
Payroll add-on with tax filing
Online payments for invoices
Simple reports for income and expenses

Pricing

Plan	Price	Details
Starter	$0	Free invoicing and basic bookkeeping for a solo owner.
Pro	$19/mo	$190 per year. Adds bank feeds, unlimited users, and receipt scanning.

Prices as listed in 2026 research. Always check the official site for the latest price — plans change. Free plan: Yes — it has a free plan.

Best for: solo owners and freelancers who want genuinely free accounting software.
Popular with: Business Owners

How it works

The free plan includes invoicing, expense tracking, and accounting, with bank connections and receipt scanning on the paid Pro plan. Wave also offers payroll as an add-on and payment processing for a transaction fee, so it can grow with a small business.

Wave Pro costs $19 per month ($190 a year) and adds bank feeds and unlimited users. Wave suits solo owners and freelancers who want free accounting and are willing to pay only for extras such as payroll.

Pros and Cons

✓ Pros

Free core plan, no time limit
Simple and easy to use
Pro plan is cheap at $19 a month
Payroll add-on available when needed

✗ Cons

Limited features compared with QuickBooks
No accountant access on the free plan
Best suited to very small businesses

Key Features

Pricing

How it works

Pros and Cons

✓ Pros

✗ Cons

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