Here is a list of our partners and here’s how we make money. Between the app and the payment process—I can’t tell you the hours it’s saved, and even the headaches that have gone away because of it. The developer, Wave Financial Inc, indicated that the app’s privacy practices may include handling of data as described below.
There’s a fee involved with accepting online invoice payments, too. Customers can pay via credit card, bank payment or Apple Pay. However, like most products with free plans, Wave has its limitations, especially compared to more scalable small-business accounting software. Although Wave’s paid plan offers additional features, it’s still missing some more advanced capabilities, like built-in inventory tracking and audit trails, that growing businesses might need. Once logged in, your main dashboard will show your cash flow, profit and loss, invoices, bills and other financial insights. Wave Accounting’s Starter plan is free and its Pro plan, which includes more features, is $16 per month.
Pocket- and small business-friendly perks
Allows an unlimited number of users in the Pro plan, but is not complex enough for businesses with more than a handful of employees; ideal for very small service-based businesses, freelancers or contractors. Moreover, you can integrate QuickBooks with hundreds of third-party tools available in the app marketplace. There are also add-on Intuit services like QuickBooks Payroll or QuickBooks Time.
Our tools work together, so you work less.
The import from contacts button does not work at all and the layout to get to customers invoice is great after learning where it is. Not being able to see or input the expenses unless I pay for the quick receipt plan in app is kind of a bummer. I’m glad the option is still available online and the system works great and the amount of different charts available is super helpful. With a Pro Plan subscription, you can connect your bank account with Wave and what is a voucher entry in accounting automatically import your transactions. With the Pro Plan, automatically import, merge, and categorize your bank transactions. It’s always available, and it’s backed up for extra peace of mind.
Data Used to Track You
Know when an invoice is viewed, becomes due, or gets paid, so you can stay on top of your cash flow better bookkeeping for franchises than ever. Easily create, customize, and send professional invoices while on-the-go. Easily monitor and keep track of what’s going on in your business with the intuitive dashboard. The quick summary allows you to stay in control of your business finances, including a task list of outstanding items.
- Any connections between you, your bank accounts, and Wave are protected by 256-bit SSL encryption.
- When you reconcile your books, you’ll navigate to the “Reconciliation” tab within the Accounting menu.
- Give your customers the option of paying with one click using a credit card, bank transfer, or Apple Pay.
- For more information, see the developer’s privacy policy.
Benefits of Wave Accounting
FreshBooks is an affordable option for freelancers and small service-based businesses that operate mostly on the go. Only integrates with in-house apps, like Wave Payments and Wave Payroll; does not integrate with card readers for in-person payments. Our (non-judgmental) team of bookkeeping, accounting, and payroll experts is standing by to coach you—or do the work for you.
Servers are housed under physical and electronic protection. Wave is PCI Level-1 certified for handling credit card and bank account information. Have an eye on the what is the average cost of utilities big picture so you can make better business decisions.
For more information, see the developer’s privacy policy. It’s been one of the best decisions I’ve made when it comes to making sure my accounting is on point. “It’s not just a cool piece of software, it is giving peace of mind to people.” You deserve to know your taxes aren’t something you have to sweat over the entire calendar year.” Wave has helped over 2 million North American small business owners take control of their finances. Wave has helped over 2 million small business owners in the US and Canada take control of their finances.
