Wave Accounting for Australian Resellers — Is It Enough?

What Wave Offers

Wave's core accounting features are genuinely free: income and expense tracking, invoicing, basic financial reporting, and receipt scanning. For a tool that costs nothing, it's surprisingly capable. The interface is clean and beginner-friendly, making it accessible to resellers with zero accounting experience.

Limitations for Australian Resellers

Wave's free tier comes with significant limitations for Australian resellers:

• No Australian bank feeds: You can't automatically import transactions from Australian banks. Everything is manual entry or CSV import.
• No platform imports: No connection to eBay, Depop, or any selling platform.
• No COGS tracking: No inventory or per-item cost tracking.
• Limited AU tax features: BAS reporting and GST handling are basic at best.
• Support issues: Free users get limited support, and Wave's focus is primarily on the North American market.

When Wave Works

Wave is adequate for very casual sellers doing fewer than 10 sales per month who don't need bank feeds or platform imports. Once you cross that threshold, the manual data entry time exceeds the cost savings. See our best software comparison and small reseller software guide for alternatives.