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Wave Accounting review

Genuinely free bookkeeping built in Toronto, hard to beat for freelancers and very small businesses.

By SCFinance Data Team · edited by SCFinance Editorial TeamUpdated Aug 11, 2026 Fact checkedEditorial integrity

The bottom line

Genuinely free bookkeeping built in Toronto, hard to beat for freelancers and very small businesses.

SCFinance score4.3
W

Wave Accounting

Starting price
Free
Free trial
Free tier
Category
accounting

Pros

  • ✓ Free core accounting
  • ✓ Unlimited invoicing
  • ✓ Canadian-built

Cons

  • ✕ Paid add-ons for payroll and payments
  • ✕ Limited reporting depth

Details

Free tier
Yes
Built in
Canada

What you get

  • Free accounting and invoicing
  • Canadian payroll available as an add-on

Compare to alternatives

QuickBooks Online

SCFinance score4.6
I
Read review

Starting price

$22/mo

Free trial

30 days

Category

accounting

Introductory pricing for new subscribers

Details
Free trial
30 days
GST/HST
Tracked and filing-ready
What you get
  • GST/HST tracking and filing prep
  • Bank feeds and receipt capture
  • Works with most Canadian accountants
Our take

The default Canadian small-business ledger, deep GST/HST handling and the widest accountant familiarity.

Read our full review

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