Invoicing, payments, and banking all in one place that saves you time, gets you paid, and makes money management easy. Allow your customers to pay your invoices immediately via credit card, secure bank payment (ACH/EFT), or Apple Pay. Get support from Wave’s team of bookkeeping, accounting, and payroll experts. This feature is perfect for those who are just getting started with accounting. The best part of Wave advisors is that they are available year-round and will provide advice tailored to your business goals.
- Wave’s payroll feature allows you to run payroll and pay your employees and contractors with more ease than ever before.
- You’ll be able to download the Wave mobile app directly from your email or you can learn more within your Wave account.
- When equipped with the right accounting software, you can do more than just basic bookkeeping.
- Even if you’ve never used accounting software before, you’ll be able to figure out Wave with ease.
Wave is packed with great (free) features, including creating invoices and tracking transactions. The first iteration of the software was released in 2010 as a free accounting website. 1 Payouts are processed in 1-2 business days for credit card payments and 1-7 business days for bank payments. Deposit times may vary due to processing cutoff times, third party delays, or risk reviews. Wave’s double-entry accounting system is designed to help you keep track of your cash flow and manage your business finances.
Accept payments online
However, some users complain that the customer support team is not always able to solve more complex issues. For customers who only use our free Wave Accounting or Invoicing products, support is self-service with assistance available in the Help Center and through the chatbot, Mave. While the company does offer email and live chat support, there is no phone support available.
However, you won’t be able to send invoices or process payments. Get paid in as fast as 1-2 business days1, enhance your brand, and look more professional when you enable payments. Customers can click a Pay Now button on invoices and pay instantly by credit card, secure bank payment (ACH/EFT), or Apple Pay. You can accept credit cards and bank payments for as little as 1%2 per transaction. To recap, Wave can manage invoicing, track expenses, and do bookkeeping.
In addition, users are very pleased with the fact that invoicing features are unlimited and customizable. Another big advantage of the app is it’s straightforward to use. The software has a clean and user-friendly interface that makes navigation simple. Even if you’ve never used accounting software before, you’ll be able to figure out Wave with ease. There’s also a dedicated invoicing mobile app to keep you going on the go.
The right software helps business owners quickly categorize transactions and generate financial statements. These include cash flow reports, balance sheets, profit and loss statements, and expense breakdowns. Yes, switching from other accounting apps or products to Wave is easy!
See all Wave app features
Deposit payments quickly, reliably, and directly into your employees’ bank accounts. Sign up for a free Wave account and send your first invoice right away—it only takes a few minutes! You can also set up recurring payments, auto-reminders, and deposit requests to make sure you always get paid on time. Every invoice paid means more revenue coming into your small business. Create and send professional invoices to your customers in seconds. Accounting software helps business owners understand how money flows in and out of their businesses.
Last but not least, Wave integrates with popular accounting software. If you’re already using QuickBooks or Xero, you’ll be happy to know that Wave has add-ons to integrate with both of these popular accounting software platforms. The paid options give you unlimited invoicing with customizable templates and payment terms, as well as unlimited income and expense tracking. Wave accounting is a cloud-based accounting website designed for freelancers, self-employed contractors, small business entrepreneurs, and startup owners. Wave is best known for two things—its free version and ease of use. Wave accounting is free, and makes a point of its everyday usefulness for nonprofits, noting that users don’t need training as an accountant to implement it.
Mobile receipts
When everything is neatly where it belongs, tax time is simple. Wave’s smart dashboard organizes your income, expenses, payments, and invoices. Any connections between you, your bank accounts, and Wave are protected by 256-bit SSL encryption. However, Wave might not be the best choice for businesses that are looking to grow big, as there are no advanced plans available. In addition, Wave doesn’t have any dedicated time-tracking features, which can be an issue for some businesses.
Automatic tax remittances
Please view our advertising policy page for more information. The customer support team is very responsive and helpful, according what goes on income statements, balance sheets and statements of retained earnings to most Wave accounting reviews. They seem to be knowledgeable about the software and able to solve most issues quickly.
Accounting software that works as hard as you do
Wave offers customer support only in the form of email and live chat. There is no phone support available, which might be an issue for some users. However, there are also a few negative Wave accounting reviews. What users are not satisfied with is the Wave accounting app, as it is not as fast as the website version. Also, it seems to lack certain features that are available on the desktop version. Most users are very satisfied with the features they get entirely for free.
This is why it’s recommended that small business owners use payroll software instead. So yes, it’s excellent accounting software for small businesses, freelancers, contractors, and sole proprietorships. Wave’s payroll feature allows you to run payroll and pay your employees and contractors with more ease than ever before.
