WaveApps Pricing Plans & Costs Guide
WaveApps is a cloud computing accounting software that is ideal for small businesses and freelancers. It offers various features such as invoicing, receipt scanning, payment processing, expense tracking, and payroll management.
WaveApps is suitable for those who are just starting their business or have a small business. It is for users who need to keep track of their financial transactions without hiring an accounting professional. Freelancers like writers, designers, and consultants can use this tool to track their income and expenses, create professional invoices, and manage their finances.
If you are looking for a project management tool to complement your small business solution, explore AceProject. This cost-effective PM tool is not priced on the number of users.
How Much Does WaveApps Cost?
WaveApps offers free plans for small companies and individuals who need accounting and invoicing tools. They also have paid plans for additional features such as payroll, payment processing, support for bookkeeping and accounting, and payroll coaching services. WaveApps pricing is reasonable compared to other similar platforms, and the features offered are quite comprehensive. WaveApps pricing plans are:
- WaveApps Invoicing (Free) – provides a simple and streamlined way for small businesses and solopreneurs to create and send professional invoices to their customers
- WaveApps Accounting (Free) – includes a comprehensive suite of accounting tools, including bookkeeping, financial reporting, and tax preparation
- WaveApps Payments (Pay-Per-Use) – provides a payment processing platform for small companies and contractors to accept payments from customers online
- WaveApps Payroll (Monthly) – includes a simple and efficient way for small organizations and casual workers to manage their payroll, including calculating and withholding taxes, generating pay stubs, and making direct deposits
- WaveApps Advisors (Pick a Plan) –provides professional support from certified advisors to help offices manage their finances, including bookkeeping, financial statements, and tax preparation.
WaveApps Invoicing Plan (Free)
The WaveApps Invoicing plan enables you to send unlimited invoices and estimates to your clients, track your income and expenses, and manage your customers, all in one place. This plan includes several features that make invoicing easier and more professional. These include customizable templates, the ability to add your logo and branding, and automatic reminders.
INCLUDED IN INVOICING:
- Generate personalized invoices that showcase your distinct brand.
- Utilize automated reminders to maintain a friendly demeanor.
- Allow customers to make credit card, bank transfers, and Apple Pay payments directly through invoices.
WaveApps Accounting Plan (Free)
The WaveApps Accounting plan is free to use and it includes basic accounting features, such as income and expense tracking, bank connections, and reporting. This plan is suitable for small businesses that have a limited number of transactions and do not require advanced accounting features.
INCLUDED IN ACCOUNTING:
- Enjoy unlimited tracking of both income and expenses.
- Add an infinite number of partners, collaborators, or accountants.
- Get an instant overview of how much clients should receive with a glance from your dashboard.
- Establish an infinite number of bank and credit card connections.
- Access informative reports like Overdue Invoices and Bills, and Profit and Loss.
WaveApps Payments Plan (Pay-Per-Use)
The WaveApps Payments plan is a payment processing platform perfect for small companies and independent workers. For every payment processed, this pay-per-use platform charges a fee of 2.9% + $0.60 per transaction for credit card payments, 3.4% + $0.60 per AMEX transaction, or 1% ($1 minimum fee) per transaction for bank payments. Monthly charges, configuration fees, or fees for ending the agreement are not applicable.
INCLUDED IN PAYMENTS:
- Offer clients the option to pay via bank deposits, credit card, and Apple Pay.
- Eliminate the need for manual inputs with automatic sync of invoice payments to your accounting dashboard.
- Maintain positive cash flow with speedy payment processing in just 1 (Canada) or 2 (US) business days.
- Establish recurring payments and billing for clients on retainer.
WaveApps Payroll Plan (Monthly)
The WaveApps Payroll plan is a payroll management software that has a straightforward pricing scheme based on the number of employees, with no hidden fees or long-term contracts. WaveApps Payroll charges a base fee of $20 per month for self-service states, while $40 for tax service states. It also charges an additional fee of $6 per active employee or $6 per independent contractor paid. It offers a 30-day free trial before purchasing this plan.
INCLUDED IN PAYROLL:
- Pay employees and contractors with ease.
- Deposit payments into employees’ bank accounts promptly.
- Grant access to employee portals for easy viewing of paystubs and tax forms.
- Convenient access to crucial tax documents during tax season.
- Count on guaranteed accuracy for compliance.
WaveApps Advisors Plan (Pick a Plan)
The WaveApps Advisors plan is a bookkeeping and accounting service for small organizations and freelancers. The platform has a flexible pricing plan based on the specific needs of each organization, with no hidden fees or long-term contracts.
For the WaveApps Advisors Bookkeeping Support, the rate is a monthly fee of $149 per month. For WaveApps Advisors Accounting and Payroll Coaching, the rate is a one-time fee of $379. Bookkeeping support is outsourcing your bookkeeping activities to Wave, while Accounting and Payroll Coaching ensures you are set up correctly and with experts coaching you how to do it yourself. The pricing for this plan may increase depending on the complexity of the business. You can inquire about this directly from Wave Financial or ask for other packages available.
INCLUDED IN ADVISORS:
- Receive coaching and support from a team of bookkeeping, accounting, and payroll professionals.
- Ideal for those new to accounting or those seeking to enhance their skills as a Wave user.
- Benefit from tailored advice for your specific business goals and develop a fruitful relationship.
- Connect with a personalized WaveApps Advisor all-year-round, not just during tax season.
WaveApps is an excellent tool for small business owners and freelancers who need to simplify their accounting process, make professional invoices, and manage their payrolls and finances effortlessly.
Overall, WaveApps pricing plans offer a good value for those who are looking for a budget-friendly accounting software and services solution. Although ideal for small businesses, it is not limited to one, nor is it the only solution for every small business. To help you decide on which plan to choose, you can read our WaveApps Pros and Cons article for a better perspective.