TOOL LIBRARY / FINANCE & ACCOUNTING
Wave
Provides basic small-business bookkeeping, invoicing, expense tracking, payments, and optional payroll or adviser services.
What it is
Wave is web-based accounting and invoicing software for small businesses in the United States and Canada, with mobile tools for invoices and receipts. Starter covers basic records and invoices, while Pro adds bank imports, receipt capture, transaction categorization, reminders, and additional collaboration.
Ways to use it
Ideas from real executive operations work. Take the ones that fit.
- Create estimates and invoices for approved customer work.
- Record bills, income, expenses, and other basic bookkeeping activity.
- Import and categorize bank transactions on Pro, then reconcile them to the statement.
- Capture receipts in the mobile app and attach them to the related expense.
- Accept eligible online payments and prepare reviewed reports for the accountant.
Our take
Wave is a reasonable starting point for a solo operator or small service business with simple books and a tight software budget. A company that needs deeper permissions, inventory, multi-entity consolidation, or a broader accountant ecosystem should compare a more capable ledger before its records become difficult to move.