Michael Torres
CPA, Former IRS Revenue Agent
Wave
Free accounting software for freelancers and small businesses with invoicing and payments.
In This Article
Pros & Cons
Pros
- 100% free accounting
- Professional invoices
- Payment processing
Cons
- Web-focused
- Payment processing has fees
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Key Features
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FAQs
Is Wave good for gig workers?
Excellent for freelancers who invoice clients.
Is Wave free to use?
Wave offers various pricing options to accommodate different budgets and needs. We recommend reviewing current pricing on their website as it may change over time.
Who should use Wave?
Wave is particularly well-suited for gig workers, freelancers, and independent contractors. The tool is ideal for those who need capabilities in the accounting space. Both beginners and experienced professionals can benefit from its features, though the learning curve is manageable for most users.
Similar Tools
QuickBooks Self-Employed
$15/monthIntuit's finance app designed for freelancers and gig workers with TurboTax integration.
FreshBooks
$17/monthCloud accounting software designed for service-based freelancers with time tracking.
Bench Accounting
$299/month+Professional bookkeeping service that handles monthly books and year-end tax prep for freelancers and gig workers who want hands-off accounting.
Collective
$299/monthAll-in-one back office for self-employed including S-Corp formation, bookkeeping, tax filing, and payroll in one membership.
How We Research & Review
Our team includes CPAs, former gig workers, and financial experts who personally test platforms and verify earnings claims. We follow strict editorial guidelines to ensure accuracy and objectivity.
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Important Disclaimer: This content is for informational purposes only and should not be considered tax, legal, or financial advice. Consult a qualified professional (CPA, tax attorney, or financial advisor) for advice specific to your situation.