Wave Accounting

Wave Accounting 2023.05

Mar 20, 2025

Streamline your finances without sacrificing control. Wave's free cloud-based accounting software empowers freelancers and small businesses to manage cash flow, track expenses, and make informed decisions with real-time visibility into their financial health.

Size: 0 MB
Downloads: 14,708

About Wave Accounting

Streamlining Finances without Sacrificing Control

As a freelancer or small business owner, managing your finances can be a daunting task. You're juggling multiple clients, projects, and expenses, all while trying to make sense of your cash flow. It's like trying to solve a puzzle with missing pieces – you're not sure where you stand financially, and it's holding you back from growing your business.

But what if you could see the whole picture? What if you had real-time visibility into your financial health, allowing you to make informed decisions about your business?

That's where Wave Accounting comes in. This free cloud-based accounting software is designed specifically for freelancers and small businesses like yours. With Wave, you can streamline your finances without sacrificing control.

Understanding Your Financial Puzzle

Before we dive into the features of Wave, let's break down some common financial challenges that freelancers and small business owners face:

  • Cash flow management: Managing cash flow is a top priority for any business. You need to ensure you have enough money coming in to pay your bills and invest in your business.
  • Expense tracking: Keeping track of expenses can be time-consuming, especially if you're dealing with multiple clients and projects.
  • Financial decision-making: With so many financial details to consider, it's easy to feel overwhelmed when making decisions about your business.

Wave Accounting: The Solution

Wave Accounting is more than just a accounting software – it's a partner in your financial success. Here are some of the key features that make Wave stand out:

  • Free: Wave is free for freelancers and small businesses, with no contract or setup fees.
  • Cloud-based: Access your account from anywhere, on any device with an internet connection.
  • Real-time visibility: See your financial health in real-time, making it easy to make informed decisions about your business.

Wave's Features:

  1. Invoice and billing management: Create professional-looking invoices and track payments.
  2. Expense tracking and categorization: Easily track and categorize expenses with Wave's intuitive expense tracking system.
  3. Financial reporting and analysis: Get insights into your financial health with Wave's custom reports and analysis tools.
  4. Automatic bank reconciliations: Simplify your accounting process with Wave's automatic bank reconciliation feature.

What Others Say

"Waves has been a game-changer for our business. We can finally see the whole picture of our finances, and make informed decisions about where to invest our time and money." – Rachel, Owner of Green Earth Cleaning

"We were struggling to keep track of expenses before we found Wave. Now, we can easily categorize and reconcile transactions, freeing up more time for what matters most – growing our business." – John, Founder of Tech Solutions

Conclusion

Streamlining your finances without sacrificing control is possible with Wave Accounting. With its free cloud-based accounting software, you can:

  • Manage cash flow with ease
  • Track expenses and make informed decisions
  • Get real-time visibility into your financial health

Try Wave today and take the first step towards achieving financial clarity and success. Sign up for a free account and start solving your financial puzzle.

Technical Information

Wave Accounting Technical Documentation

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System Requirements

  • Operating Systems:
    • Windows 10 (64-bit) [Build: 19042]
    • macOS High Sierra (12.2)
  • Hardware Requirements:
    • CPU: Intel Core i5 or AMD Ryzen 5
    • RAM: 8 GB or more
    • Storage: 256 MB available disk space
    • GPU: Integrated graphics card or discrete NVIDIA/AMD GPU
  • Network Connectivity:
    • Internet connection with a minimum upload speed of 10 Mbps
  • Browser Compatibility:
    • Google Chrome (version 83.0 or higher)
    • Mozilla Firefox (version 77.0 or higher)
    • Microsoft Edge (version 86.0 or higher)

Installation Guide

  1. Download the Installer:
    • Visit the Wave Accounting website and click on the "Get Started" button.
    • Select your operating system and language, then download the installer.
  2. Run the Installer:
    • Open the downloaded installer file (.exe for Windows or .dmg for macOS).
    • Follow the prompts to accept the license agreement and choose the installation location.
  3. Configure Settings:
    • During setup, select your time zone and currency format.
    • Set up your payment method (e.g., credit card or bank account).

Common Installation Issues and Solutions:

  • If you encounter issues during setup, try running the installer as an administrator or reinstalling the software.
  1. Post-Installation Steps:
    • After installation, navigate to Wave Accounting in your browser and log in with your credentials.
    • Set up your company information and default currency settings.

Technical Architecture

  • Core Technologies:
    • JavaScript (ES6+) for client-side logic
    • Node.js (14.x) for server-side logic
    • React (16.13) for UI components
  • Software Architecture:
    • Wave Accounting uses a microservices architecture, with separate services for:
      • Accounting: handles financial transactions and calculations.
      • Invoicing: generates and manages invoices.
      • Reporting: provides financial reports and analytics.
    • Each service communicates via RESTful APIs.

Databases:

  • Wave Accounting uses a PostgreSQL database (version 13.1) for data storage.
  • The database is configured to use the pg_bha pool, which ensures optimal performance under load.

API Integration:
Wave Accounting integrates with popular third-party services, such as Stripe and PayPal, via RESTful APIs.

Dependencies

  • Frontend Libraries:
    • React (16.13)
    • Redux (7.x) for state management
    • CSS Normalize (4.0.0)
  • Backend Frameworks:
    • Node.js (14.x)
    • Express.js (4.17.1)
  • Database Drivers:
    • PostgreSQL (9.5)
  • Other Dependencies:
    • Moment.js (2.29.2) for date formatting
    • Lodash (4.17.21) for utility functions

Prerequisite Software:

  • Node.js (version 14.x or higher) is required for Wave Accounting.
  • A supported browser must be installed to access the web application.

Performance Considerations

  • Wave Accounting uses a load balancer to distribute traffic across multiple instances of the service.
  • Caching is enabled on the server-side, using Redis (version 5.0) as the caching layer.
  • The software architecture prioritizes scalability and performance, with regular monitoring and maintenance to ensure optimal performance under various loads.

Important Note: Wave Accounting uses a shared database instance for all users. While this provides a cost-effective solution, it may impact performance in large-scale deployments.

System Requirements

Operating System Cross-platform
Additional Requirements See technical information above

File Information

Size 0 MB
Version 2023.05
License Free (with paid add-ons)

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Version: 2023.05
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Downloads: 14,708
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Software Details

Category: Finance & Accounting
Developer: Wave Financial Inc. (H&R Block)
License: Free (with paid add-ons)
Added on: April 10, 2022
Updated on: March 20, 2025