What do you like best?
I like the recurring invoices best, but even this could be improved. I have to wait for Wave's set time to see them reoccur instead of immediately after midnight on the date they are to recur.
What do you dislike?
I absolutely detest that if a customer overpays an invoice, it doesn't really keep track automatically and apply the overpayment to the next invoice that the customer receives.
There are workarounds for some things, but these are not always very handy. I also do not like that it is difficult to create your own accounts, for example, a separate "Gas" and "Electricity" expense account. There are some ways to create new accounts, but it's awkward, in my opinion.
Recommendations to others considering the product
Give it a try, you might like it. I like that it is free. But there are probably better options out there.
What business problems are you solving with the product? What benefits have you realized?
I use Linux for my desktop, and unfortunately, there are not a lot of accounting/book keeping applications for Linux. There is one that I used to use and really liked called Quasar, but unfortunately it won't run on some newer distributions. So Wave solves that problem for me in that I can continue to use Linux and have some of the features I want in an accounting app.