Wave
Work management software
Project, portfolio & program management software
- Features
- Ease of use
- Ease of management
- Quality of support
- Affordability
- Market presence
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$8.00 per user per month
Free Trial unavailable
Free version
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What is Wave
Wave is a cloud-based accounting and invoicing product designed primarily for freelancers and small businesses to manage bookkeeping, payments, and basic financial workflows. It supports invoicing, expense tracking, bank transaction imports, and financial reporting, with optional paid add-ons such as payroll and payment processing depending on region. While it can be used to track work through invoices and customer records, it is not a dedicated work management or project/portfolio management system.
Strong invoicing and billing
Wave provides core invoicing features such as customizable invoice templates, recurring invoices, and automated reminders. It also supports online payments in supported markets, allowing customers to pay invoices directly. For service providers who primarily need billing rather than full project planning, this covers a large portion of day-to-day operations.
Integrated bookkeeping basics
Wave includes double-entry accounting with chart of accounts, transaction categorization, and bank connection/import capabilities. It generates standard financial statements such as profit & loss and balance sheet reports. This accounting-first orientation is useful for small organizations that would otherwise rely on spreadsheets or separate bookkeeping tools.
Low setup complexity
Wave is oriented toward small teams and sole proprietors, with a relatively straightforward setup compared with broader professional services automation or portfolio management suites. Common workflows (create customer, send invoice, record payment, reconcile transactions) are accessible without extensive configuration. This can reduce time-to-adoption for organizations that do not need complex project structures.
Limited project management depth
Wave does not provide robust project planning features such as task hierarchies, dependencies, resource scheduling, or portfolio-level reporting. Teams looking for structured work intake, cross-project visibility, or program governance typically need a separate work management platform. As a result, project execution tracking is largely indirect (e.g., via invoices and customer records).
Fewer workflow automation options
Compared with dedicated work management tools, Wave offers limited workflow automation for approvals, custom statuses, and cross-functional processes. Custom fields and configurable objects for tailoring work tracking are not a core focus. Organizations with complex operational workflows may find it difficult to standardize processes inside Wave alone.
Regional feature availability varies
Some features such as payroll and payment processing depend on country availability and product packaging. This can create gaps for distributed teams or companies operating across multiple regions. Buyers often need to validate which modules are supported in their operating geography before standardizing on Wave.
Plan & Pricing
| Plan | Price | Key features & notes |
|---|---|---|
| Free | $0.00 per month | All Wave tools; up to 5 members; up to 2 teams; limited AI usage; permanent free tier. |
| Pro | $8.00 per user/month (billed per user) | All Free features; unlimited members; unlimited teams; advanced AI usage. |
| Enterprise | Custom pricing (contact sales) | Operating System Coach; unlimited AI usage; dedicated support; custom integrations; tailored onboarding. |
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/
