Wave
Reviewed by Nick Krane (10+ years in B2B media) · Last updated April 2026
Best for: Solo contractors or brand-new one-person shops that need free invoicing and basic bookkeeping before they can afford dedicated field service software.
Our Take
Wave is accounting software first, invoicing tool second, and field service platform never. The Starter plan is genuinely free, with invoicing, basic bookkeeping, and expense tracking included at no monthly cost. The Pro plan runs $19/month (or $190/year) and adds auto-bank-import via Plaid, automated late payment reminders, and discounted payment processing at 2.9% + $0 for the first 10 transactions monthly. For a solo appliance tech or a one-truck plumber who just needs to send invoices and reconcile their books, the price-to-function ratio is hard to beat.
But Wave was not built for trades. There is no job scheduling, no dispatch board, no service history by equipment, no parts inventory, no flat-rate pricing library, and no GPS tracking. The comparisons Wave makes on its own website are against QuickBooks, FreshBooks, and Xero. Not ServiceTitan. Not Jobber. Not Housecall Pro. That tells you exactly where this tool sits in the market.
Contractors who run payroll will pay an additional $25-$40/month depending on plan tier. The Wave Advisors bookkeeping service starts at $149/month on Pro, going up to $199/month on Starter. Customer support is live chat and email only, Monday through Friday, 9am to 4:45pm Eastern, and only if you have a paid add-on. For a contractor dealing with a billing dispute on a Saturday afternoon, that is a real problem. Wave makes sense as a back-office accounting layer for a very small shop that already handles scheduling and dispatch through another tool, or for someone just starting out who needs free invoicing before they can afford anything else.
Pros
- The free Starter plan includes unlimited invoices, estimates, and basic bookkeeping with no time limit.
- Pro plan at $19/month drops the per-transaction flat fee to $0 for the first 10 credit card payments monthly, which saves money on smaller-volume shops.
- Bank transaction auto-import via Plaid and OCR receipt capture reduce manual data entry significantly on the Pro tier.
- Wave Advisors offers a dedicated human bookkeeper starting at $149/month for contractors who want fully hands-off books.
- The platform is web-based with iOS and Android apps, so techs can invoice from the job site without needing a laptop.
Cons
- Zero field service functionality: no scheduling, no dispatch, no equipment tracking, no flat-rate pricing catalog.
- Live support requires a paid add-on and is only available weekdays during Eastern business hours, which is a real gap for contractors working weekends.
- Bank connections depend on Plaid, and Wave explicitly states not all financial institutions are supported.
- Payment processing fees (2.9% + $0.60 per card transaction on Starter) get expensive fast for contractors running high-ticket HVAC or electrical jobs.
Key Features
Integrations
Frequently Asked Questions
How much does Wave cost for contractors?
Wave's Starter plan is free with no monthly fee. The Pro plan costs $19/month billed monthly or $190/year. Payroll is an add-on starting at $25/month, and the Wave Advisors bookkeeping service starts at $149/month for Pro subscribers.
Does Wave have a free trial?
Wave does not offer a traditional free trial. Instead, the Starter plan is permanently free with no time limit, giving you unlimited invoicing and basic bookkeeping at no cost.
Is Wave good for HVAC or appliance repair businesses?
Only as a back-office accounting tool. Wave has no job scheduling, dispatch, equipment service history, or flat-rate pricing features. Contractors who need field service management will need a separate tool like Jobber or Housecall Pro alongside Wave.
What payment processing fees does Wave charge?
On the free Starter plan, credit card transactions cost 2.9% + $0.60 each. Pro plan subscribers get a reduced rate of 2.9% + $0 for their first 10 transactions per month, then revert to the standard rate after that.
Does Wave work offline or on mobile?
Wave is primarily a web-based platform requiring an internet connection. There are iOS and Android mobile apps for invoicing and expense tracking on the go, but full accounting functionality lives on the desktop browser version.
Quick Facts
- Pricing
- Free Starter plan; Pro at $19/mo or $190/yr; payroll add-on from $25/mo; bookkeeping service from $149/mo
Categories
Built For
Similar Tools
FreshBooks
Cloud accounting and invoicing software built for small businesses, useful for solo contractors who need cleaner books without a full field service platform.
Xero
Cloud accounting software with invoicing, bank reconciliation, and expense tracking, built for small businesses but not field service.
Payzer
WEX FSM (formerly Payzer) is field service management software handling scheduling, dispatch, invoicing, and payments for trade contractors.
