Wave’s pricing is rather unique, making it a great deal for companies that work with a single client or a handful of clients. Advisors - $149 for bookkeeping support / $379 for accounting and payroll coaching.Payroll - $40/month + $6 for active employee/contractor.Payments - 1% per transaction for bank payments / 2.9% + $0.60 per transaction for credit card payments.That said, Wave also has the potential to turn into one of the most expensive accounting software solutions if you invoice dozens of customers each month and if you want to use it to run payroll for a large team. Additionally, you can get paid add-ons and professional accounting coaching later down the line, so Wave is super easy to scale as you grow and expand your business. This means you can add as many partners, collaborations, and accountants to your Wave account as you want without paying a single dollar. The main advantage of Wave over its competitors, like Zoho Books, is that it doesn’t limit the number of users you can have on the free plan. The reason for this is that Wave’s invoicing and accounting features are completely free, but you’re paying a flat fee for every payment received. Wave is a perfect solution for freelancers, solo entrepreneurs, and small business owners who work with only a handful of clients on a monthly basis. Wave - Best for Free Invoicing and Accounting Here are our in-depth reviews so you can see exactly what each provider offers and how they compare: 1. We tested, compared, and reviewed the leading accounting software with free plans and/or free trials, looking at their features, pricing plans, ease of use, and user feedback. The Best Free Accounting Software Reviews Melio - A decent accounting tool with free ACH bank transfers.
FreeAgent - Perfect for businesses with global clients, thanks to multi-language invoicing.GnuCash - Free forever, with no contracts, setup fees, or any charges whatsoever.FreshBooks - Ideal for combining accounting with project management.Odoo - Perfect as an all-in-one platform for accounting, HR, sales, and marketing.ZipBooks - Excellent for online retailers, thanks to free vendor management tools.Zoho Books - Ideal for SMBs with less than $50k in annual revenue.Wave - Best for unlimited free invoicing and accounting.Here’s our list of the best free accounting software in 2024: