Wave

Wave offers excellent, free accounting services for freelancers. Invoices can be more flexible, but the tools for creating and managing invoices are also great.

PROS

• Free (payments and payroll incur fees
  
• Smart selection of features for very small businesses
  
• Double-entry accounting
  
• Excellent invoice and transaction management
  
• Can pre-authorize recurring credit card payments
  
• Good user interface and navigation tools
  
• Context-sensitive help
  
• Multicurrency support
  
• Instant Payouts

CONS

• Simple record templates
  
• Invoice customization could be stronger
  
• Can’t offer discounts
  
• No dedicated time-tracking features
  
• No comprehensive mobile app
  
• Receipts by Wave app unavailable on Android
  
• Payroll features not as capable as other solutions

Headquarters: Toronto, Canada
Website: https://www.waveapps.com/