Wave AI (the page name is Wave) is an online money management tool aimed at small business owners and sole proprietors, built around day-to-day financial work such as bookkeeping, invoicing, payments, and payroll. The official website describes it as "keep accounting, invoicing, payments, and more in one unified system," emphasizing a single source of truth for business finances to help users stay financially clear and tax-ready all year round.
Main uses and capabilities According to the official website, Wave's main capabilities include: creating invoices, accepting online payments, simplifying bookkeeping, and providing payroll-related features. The official website also mentions tracking cash flow, understanding who owes you and whom you owe, and accessing important reports; users can view and manage things on the go through the mobile app. Its features are described as designed to work together to reduce the burden of switching between different tools.
Who it is for The official website clearly states that Wave is built for small business owners and solopreneurs at every stage, not for accountants, and therefore emphasizes ease of use. The page says more than 350,000 small businesses use Wave to organize their books, and cites user feedback saying its invoicing process is simple and makes it easy to create, send, and follow up on invoices.
How to use it Wave's tools are web-based; users only need an internet connection and a browser, with no need to install online software. If they need to manage invoices and payments on mobile, they can download the iOS and Android mobile apps. Users can sign up for the Starter plan to try basic bookkeeping and invoicing features, and later upgrade to the Pro plan to unlock more money management features; the official website says users can upgrade or cancel their subscription at any time, and cancellation takes effect at the end of the current billing cycle.
Security and support The official website says its servers have physical and electronic protections, the connection between users, bank accounts, and Wave is protected by 256-bit SSL encryption, and Wave is a PCI-DSS Level 1 service provider. Regarding customer support, the official website says different levels of support are provided depending on the plan and/or add-ons selected.
Limitations and information not provided The given materials do not provide Wave's specific pricing, details of free allowances, clear explanations of artificial intelligence features such as AI automatic bookkeeping or smart categorization, a comparison of features across plans, the range of supported banks or countries/regions, or data export restrictions. The official website includes Canada tax-related content such as payroll, T4/T4A, and TD1, but does not state specific applicable regional restrictions. The above items not mentioned are not yet provided and should be based on the latest official information.
