Wave Accounting
by H&R Block
FedRAMP Status
Not FedRAMP Authorized
Impact Level
N/A
Category
Accounting
Overview
Wave Accounting is a free commercial accounting platform owned by H&R Block, designed for freelancers and small businesses. It is not FedRAMP authorized and unsuitable for defense contractor financial management.
CUI Risk Assessment
Not FedRAMP authorized. Using this tool for CUI creates compliance violations under NIST 800-171 and DFARS 252.204-7012.
NIST 800-171 Violations
Using Wave Accounting for CUI without FedRAMP authorization may violate these NIST 800-171 controls:
FedRAMP Compliant Alternatives
Frequently Asked Questions
Is Wave Accounting FedRAMP authorized?
No. Wave Accounting is a free consumer product that does not hold FedRAMP authorization.
Can I use Wave Accounting for defense contract finances?
No. Wave Accounting is not FedRAMP authorized and lacks the cost accounting and compliance features required for government contracting.
What is a compliant alternative to Wave Accounting?
Deltek Costpoint (FedRAMP Moderate) and Oracle Financials Government Cloud (FedRAMP High) are authorized for defense contractor accounting.
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