Can I open-source Wave?

NOT REALLY · nothing credible yet
price $19/moyou'd save $228/yrcategory 🧾 finance & accountingreplaced by 0 people

No credible open-source replacement for Wave yet — Invoice Ninja and ERPNext are the closest escape hatches, but they don't cross the moat. Wave: People pay because errors touch real money. Bank connections, reconciliation, tax changes, evidence, security, and support are the product.

why people still pay

Wave: People pay because errors touch real money. Bank connections, reconciliation, tax changes, evidence, security, and support are the product.

what you lose

xbank, payment, tax, and reconciliation integrations

xlive bank feeds and payment rails

xtax and accounting rule updates

xaudited security and recovery

xmulti-user controls and accountant workflows

the open-source alternatives

These projects already replace it, free.

EERPNextFull ERP — accounting, inventory, HR, manufacturing, CRM — that rivals systems costing six figures.30kaug 2026open source↗IInvoice NinjaInvoicing, quotes, expenses, and time tracking for freelancers who'd rather not pay monthly.9.0kaug 2026open source↗KKimaiProfessional time tracking with invoicing, teams, and exports.4.0kaug 2026open source↗

What each one is, in full: ERPNext · Invoice Ninja · Kimai

no votes, no pay-to-list · just what's real

share on X ↗"I just replaced Wave ($19/mo) with open source"
the numbers

Wave pricing

planmonthlyannual (per mo)what you get
starter$0/workspace$0/workspace1 business; unlimited estimates, invoices, bills, and bookkeeping; card processing 2.9%+$0.60, or 3.4%+$0.60 Amex
pro$19/workspace$15.83/workspace1 business; unlimited users and receipt scans; automatic bank import/categorization; first 10 card transactions each month omit the $0.60 fixed fee

free tier1 business; unlimited estimates, invoices, bills, and bookkeeping; receipt scanning and automatic bank import are not included

billingfree + monthly/annual Pro

hidden costsStarter receipt scanning is $11/month or $96/year. Payroll starts at $25 or $40/month depending on state, plus employee fees. Advisors cost $149/month on an annual commitment or $199 month to month. Card processing remains 2.9% (3.4% Amex); the $0.60 fixed component is waived only for Pro's first 10 card transactions per month.

verified 2026-08-10 · source ↗

questions
Can I open-source Wave?

Not really. Wave's value is not the code: . No credible open-source replacement exists yet.

How much does Wave cost?

Wave costs about $19/month (Pro, checked 2026-07-31), which is $228 per year.

What do I lose by replacing Wave?

Honestly: bank, payment, tax, and reconciliation integrations; live bank feeds and payment rails; tax and accounting rule updates; audited security and recovery; multi-user controls and accountant workflows. If any of those are load-bearing for you, keep paying.

Is there an open-source alternative to Wave?

Yes: ERPNext (Full ERP — accounting, inventory, HR, manufacturing, CRM — that rivals systems costing six figures.) Invoice Ninja (Invoicing, quotes, expenses, and time tracking for freelancers who'd rather not pay monthly.) Kimai (Professional time tracking with invoicing, teams, and exports.)