The Howdy Glossary

Wave, a free online accounting software designed for small businesses, offers tools to track incomes and expenses, manage invoices, process payroll, and generate financial reports. Businesses can create custom invoices with various payment options, including credit card processing for a fee. The user-friendly interface supports multiple currencies, ideal for global operations.

Founded in 2010 by Kirk Simpson and James Lochrie, Wave was developed to provide small business owners with affordable accounting tools typically reserved for larger enterprises. The platform allows users to efficiently handle their financial tasks without the need for expensive software or services. Wave's mission is to empower small business owners by providing them with tailored financial management tools that streamline processes and support business growth.

Wave distinguishes itself from competitors like QuickBooks Online, FreshBooks, Xero, and Zoho Books through its free service offering. Its focus on affordability combined with a user-friendly interface and multi-currency support makes it an attractive choice for entrepreneurs worldwide. Custom invoice creation with flexible payment options further enhances its appeal by facilitating easier financial transactions. These features position Wave as a leading option in the market of small business accounting solutions.