Overview: Wave offers free accounting, invoicing, and basic receipt capture. It’s widely adopted by freelancers and microbusinesses seeking no-cost bookkeeping tools.

Audience: Freelancers, contractors, and small business owners on a budget.

User Goal: Manage invoices and expenses without subscription costs.

Receipt Management: Wave supports manual scanning and upload of receipts but lacks automation or advanced classification. Users still waste time collecting receipts across inboxes and apps.

How Terrapin Adds Value: Terrapin is a premium automation layer above Wave—auto-finding and classifying receipts before they reach Wave’s accounting system. Users can export Terrapin data into Wave while gaining automation, tax context, and compliance capabilities Wave lacks.