---
description: Learn more about Wave price, benefits, and disadvantages for businesses in South Africa. Read reviews from verified users and discover similar tools.
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title: Wave Price, Reviews & Features - Capterra South Africa 2026
---

Breadcrumb: [Home](/) > [PEO Software](/directory/32442/peo/software) > [Wave](/software/178021/wave-apps)

# Wave

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> Accounting solution that helps businesses automate invoicing, payroll management, estimating, invoicing, and bookkeeping tasks.
> 
> Verdict: Rated **4.4/5** by 1720 users. Top-rated for **Likelihood to recommend**.

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## Overview

### Who Uses Wave?

Wave helps small business owners, freelancers, solopreneurs, and consultants in the US and Canada manage accounting, payroll, invoicing, estimating and other processes.

## Quick Stats & Ratings

| Metric | Rating | Detail |
| **Overall** | **4.4/5** | 1720 Reviews |
| Ease of Use | 4.4/5 | Based on overall reviews |
| Customer Support | 4.0/5 | Based on overall reviews |
| Value for Money | 4.6/5 | Based on overall reviews |
| Features | 4.2/5 | Based on overall reviews |
| Recommendation percentage | 80% | (8/10 Likelihood to recommend) |

## About the vendor

- **Company**: Wave
- **Location**: Toronto, Canada
- **Founded**: 2009

## Commercial Context

- **Starting Price**: US$19,00
- **Pricing model**: Flat Rate (Free version available) (Free Trial)
- **Pricing Details**: Wave offers a free version under the Starter plan with basic bookkeeping and invoicing features. The Pro plan is available at $19 USD per month with additional features.
- **Target Audience**: Self Employed, 2–10, 11–50, 51–200, 201–500, 501–1 000, 1 001–5 000, 5 001–10 000, 10 000+
- **Deployment & Platforms**: Cloud, SaaS, Web-based, Android (Mobile), iPhone (Mobile)
- **Supported Languages**: English
- **Available Countries**: Australia, Canada, China, Germany, India, Japan, United Kingdom, United States

## Features

- ACH Payment Processing
- Accounting
- Accounts Payable
- Accounts Receivable
- Activity Dashboard
- Alerts/Notifications
- Bank Reconciliation
- Billing & Invoicing
- Budgeting/Forecasting
- Cash Management
- Chart of Accounts
- Commission Management
- Customer Statements
- Dashboard
- Data Import/Export
- Direct Deposit
- Expense Tracking
- Financial Analysis
- Financial Management
- Financial Reporting
- Fixed Asset Management
- For Real Estate
- Fund Accounting
- General Ledger
- Income & Balance Sheet
- Invoice Management
- Invoice Processing
- Multi-Currency
- PCI Compliance
- Payroll Management
- Payroll Reporting
- Profit/Loss Statement
- Project Accounting
- Purchase Order Management
- Receipt Management
- Receivables Ledger
- Recurring/Subscription Billing
- Reminders
- Reporting & Statistics
- Reporting/Analytics
- Revenue Recognition
- Tax Compliance
- Tax Management
- Third-Party Integrations
- Time & Expense Tracking
- Transaction Management

## Integrations (6 total)

- Gmail
- Google Sheets
- Microsoft Outlook
- PayPal
- Shoeboxed
- Zapier

## Support Options

- Email/Help Desk
- FAQs/Forum
- Knowledge Base
- Chat

## Category

- [PEO Software](https://www.capterra.co.za/directory/32442/peo/software)

## Related Categories

- [PEO Software](https://www.capterra.co.za/directory/32442/peo/software)
- [Direct Deposit Payroll Software](https://www.capterra.co.za/directory/32598/direct-deposit-payroll/software)
- [Payroll Software](https://www.capterra.co.za/directory/30202/payroll/software)
- [Human Resources Software](https://www.capterra.co.za/directory/5/human-resource/software)
- [Accounting Software](https://www.capterra.co.za/directory/1/accounting/software)

## Alternatives

1. [QuickBooks Online](https://www.capterra.co.za/software/141374/quickbooks-online) — 4.3/5 (8425 reviews)
2. [PayPal](https://www.capterra.co.za/software/179251/paypal) — 4.6/5 (26363 reviews)
3. [Abby](https://www.capterra.co.za/software/1036470/abby) — 4.7/5 (604 reviews)
4. [QuickBooks Enterprise](https://www.capterra.co.za/software/46497/quickbooks-enterprise) — 4.5/5 (20627 reviews)
5. [Xero](https://www.capterra.co.za/software/169561/xero) — 4.4/5 (3284 reviews)

## Reviews

### "Wave Recent Changes in Experience" — 3.0/5

> **Amanda** | *19 April 2025* | Marketing & Advertising | Recommendation rating: 8.0/10
> 
> **Pros**: I've used Wave for 5 years. It's very easy to use and can help process payroll, send invoices and keep track of expenses.
> 
> **Cons**: In the recent past, I've had issue with them processing tax payments on time, and their support has significantly decreased from the past.

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### "Must have for small businesses looking to grow\!" — 5.0/5

> **Pauline** | *27 July 2025* | Hospitality | Recommendation rating: 10.0/10
> 
> **Pros**: Invoicing options. Ability to collect payment on invoices. Connecting banking transactions and reconciliations. For a small business having a payroll program that's affordable and manageable while they take care of remittances and off boarding. Financial tracking for profit and loss reports is extremely helpful as well. Open chat system with questions and answers; If answers aren't readily available, the support team follows up with an email to assist.  The automation with sync banking and categorizing expenses and income is vey useful for identifying balancing books keeping your tasks on track.
> 
> **Cons**: Not sure if it's been updated or integrated as of yet; the ability to have a schedule and dispatch for jobs related to the invoices.
> 
> Been very pleased with the services as a well rounded provider. Would recommend for any and all new businesses just starting out that need assistance with Payroll, Bookkeeping, Accounting, Invoicing. This platform has enabled me to grow my business without the huge additional costs that other providers charge for features you're not ready for.

-----

### "Love Hate Relationship" — 3.0/5

> **Ron** | *07 December 2025* | Real Estate | Recommendation rating: 5.0/10
> 
> **Pros**: Ability to have multiple accounts/businesses (free version only)&#10;Value for the money&#10;Very user friendly&#10;Payments and invoicing features
> 
> **Cons**: Inability to have multiple accounts/businesses in paid version&#10;Poor Value for the money  with paid version because each account requires additional pay subscription &#10;Lack of AI Categorization vs competitors&#10;Lack of connectivity ability to import Banks \&amp; Credit Cards transctions
> 
> Love the UI and wanted it to be a viable alternative to the other players in the bookkeeping/accounting market but it fell far short and failed in it’s current itteration. Love the free version but it’s super basic and limited but upgrading to paid version is very expensive when using it for more than 1 business and offers inadequate features to do the job vis-a-vis other competitors in the market. If … WAVE would add AI, connectivity to banks and credit cards, and features to operate multiple businesses in the paid subscription I’d use it. As my daily driver vs the competitors.

-----

### "Wave quietly removed transaction export from free accounts. Dealbreaker" — 2.0/5

> **Nick** | *01 February 2026* | Management Consulting | Recommendation rating: 1.0/10
> 
> **Pros**: Ease to use software with reasonable functionality at the free tier for a single person LLC. Great value which helped manage based transactions.
> 
> **Cons**: Wave removed transaction level CSV export from free accounts and did not disclose the change. The UI still implies export should exist, but it’s now paywalled without warning.&#10;&#10;This breaks a core bookkeeping workflow: providing detailed expense records to a CPA for tax filing.&#10;&#10;The only export remaining is a summarized P\&amp;L, which is not a substitute for transaction detail in many cases.&#10;&#10;This feels like a dark pattern upsell rather than a product improvement. I wouldn’t recommend Wave anymore unless you’re prepared to pay just to retrieve your own data.
> 
> Excellent for almost two years until doing my taxes this year and lost the ability to export transactions without upgrading my plan. I suggested them to many people, but now have to share the bad news with everyone on the free plan.

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### "Best free invoicing and financial management platform in Canada" — 4.0/5

> **Aaron** | *20 October 2025* | Marketing & Advertising | Recommendation rating: 10.0/10
> 
> **Pros**: Wave has very solid web and app platforms. It's easy to navigate and makes the quoting, invoicing, and payment processes very streamlined -- while accepting payments from all major credit cards in Canada. The free version is already very useful for businesses just starting out, or those that are still in the early growth phase, but they also have an affordable paid version that adds a suite of automations and expense / receipt management functions to further boost productivity.
> 
> **Cons**: The main thing I don't like about Wave is that they don't use standardized "GAAP terminology" for some of their financial management and reporting features. While this may make it more accessible to a certain user base, it actually makes it a bit confusing for me (who has a bit of formal CPA / accounting training).

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