fitgap

Wave Invoicing

Features
Ease of use
Ease of management
Quality of support
Affordability
Market presence
Take the quiz to check if Wave Invoicing and its alternatives fit your requirements.
Pricing from
$19 USD/month per month
Free Trial unavailable
Free version
User corporate size
Small
Medium
Large
User industry
  1. Agriculture, fishing, and forestry
  2. Construction
  3. Real estate and property management

What is Wave Invoicing

Wave Invoicing is a small-business invoicing and billing tool used to create and send invoices, accept online payments, and track invoice status. It targets freelancers and micro-businesses that need basic billing workflows without deploying a full ERP or professional services automation suite. The product emphasizes straightforward invoice creation, customer management, and payment collection, with optional add-ons that connect invoicing to broader bookkeeping needs.

pros

Simple invoicing workflow

Wave Invoicing focuses on core tasks such as creating invoices, sending them to customers, and tracking paid/unpaid status. The interface and feature set generally suit owner-operators who want minimal setup and administration. For teams that do not need complex project, CRM, or multi-department workflows, this simplicity reduces implementation effort.

Online payment acceptance

The product supports collecting payments directly from invoices, which can shorten the time between billing and cash receipt. This is useful for service businesses that invoice after delivery and want customers to pay electronically. Payment collection from the invoice experience can reduce manual reconciliation compared with offline payment methods.

Fits micro-business budgets

Wave Invoicing is commonly positioned for very small businesses that prioritize low overhead and quick time-to-value. It can be a practical entry point for businesses that are not ready for broader suites that bundle CRM, project management, and advanced automation. This makes it easier to standardize invoicing before investing in more comprehensive back-office systems.

cons

Limited industry-specific features

Although it can be used in many service contexts, it is not purpose-built for vertical workflows like auto glass quoting, garage job cards, salon appointment billing, or HOA assessments. Users in those industries may need additional tools for estimates, work orders, scheduling, or member/unit management. This can lead to manual workarounds or reliance on separate systems.

Not a full business suite

Wave Invoicing centers on billing rather than end-to-end operations such as advanced CRM, project delivery, inventory, or complex approvals. Organizations that need tightly integrated sales-to-service processes may find gaps that require integrations or a platform change. As requirements grow, teams may outgrow the product’s scope compared with broader business management suites.

Scaling and controls constraints

For businesses with more complex accounting needs (e.g., multi-entity structures, sophisticated reporting, or granular role-based controls), invoicing-first tools can be limiting. Larger teams may require stronger permissions, auditability, and workflow customization than is typical in lightweight invoicing products. This can affect suitability for organizations with formal finance governance.

Plan & Pricing

Plan Price Key features & notes
Starter $0 Create unlimited estimates, invoices, bills, and bookkeeping records; option to accept online payments (credit card: 2.9% + $0.60; Amex: 3.4% + $0.60); mobile app; basic dashboard.
Pro $19 USD/month (billed monthly) or $190 USD/year (billed annually) Everything in Starter plus discounted processing for first 10 credit-card transactions (2.9% + $0 for Visa/Mastercard/Discover; 3.4% + $0 for Amex), auto-import and auto-merge bank transactions, digitally capture unlimited receipts, automate late-payment reminders, add users, remove Wave branding, live-person chat & email support.
Wave Advisors (add-on service) Starting at $199/month Hands-off bookkeeping with a dedicated bookkeeper, monthly financial statements, onboarding and bookkeeping guidance; includes Pro Plan features.

Optional add-ons & usage-based fees (as listed on Wave's official site):

  • Online payments (processing fees): Starter — Credit cards: 2.9% + $0.60 per Visa/Mastercard/Discover transaction (3.4% + $0.60 Amex). Pro — First 10 transactions/month: 2.9% + $0 (Visa/Mastercard/Discover) and 3.4% + $0 (Amex); thereafter charged at Starter rates. Bank payments (ACH/EFT): 1% per transaction (minimum $1). (See Wave Payments pages.)
  • Digitally capture unlimited receipts (add-on): $11/month or $96/year; $8/month or $72/year (values shown on the pricing page).
  • Run payroll (add-on): from $25/month (varies by payroll type/country).

Notes: Prices shown on Wave's pricing page include both USD and CAD-priced variants (page lists USD and CAD amounts). I have used the USD monthly price for the Pro plan as the primary paid-plan example.

Seller details

Wave Financial Inc.
Toronto, Ontario, Canada
2009
Private
https://www.waveapps.com/
https://x.com/wavehq
https://www.linkedin.com/company/wave-financial-inc/

Tools by Wave Financial Inc.

Wave
Wave Payments
Wave Invoicing
Wave Payroll
Wave
Wave Receipts
Wave

Popular categories

All categories