Accounting Software for Small Businesses

Bookkeeping

wave apps accounting

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. Wave keeps up to date records so you’ll always have the info you need for filing – or sharing with your accountant.

Automate the most tedious parts of bookkeeping and get more time for what you love. It’s been one of the best decisions I’ve made when it comes to making accounts receivable turnover ratio formula examples sure my accounting is on point. Ready to invoice in style, bookkeep less, and get paid fast?

Add online payments to your invoices

Our servers are protected physically and electronically. Any connections between you, your bank accounts, supply chain flashcards and Wave are protected by 256-bit SSL encryption. Enable invoice payments by credit card for a pay-as-you-go fee as low as 2.9% + 60¢, and watch the money roll in. Visit your dashboard or use your invoicing or accounting features, and click the peach “Upgrade now” button.

wave apps accounting

Decide which of your invoices will allow online payments

We believe everyone should be able to make financial decisions with confidence. Yes, switching from other accounting apps or products to Wave is easy! See our step-by-step guide on how to import bookkeeping data into Wave here. We built our payroll tool for small business owners, so it’s easy to use AND teaches you as you go. Give your customers the option of paying with one click using a credit card, bank transfer, or Apple Pay. See sent, viewed, paid and overdue book vs market value invoices in one place so you know which clients are on the right track or need a nudge.

  1. Enable invoice payments through credit card, bank and Apple Pay.
  2. Wave Accounting is ideal for micro businesses with fewer than 10 employees, contractors, freelancers and other service-based businesses on a budget.
  3. You can effectively analyze the financial health of your business, find ways to generate more profit, and move forward with your business plan.
  4. Wave is cloud-based, so you can securely access your accounting software and your financial information anywhere you are—whether you’re working in your pjs, or waiting for a meeting to start.
  5. We provide different levels of support for customers who use different features and services from Wave.

The best accounting software received top marks when evaluated across 10 categories and more than 30 subcategories. Learn more about how we rate small-business accounting software. In addition to its accounting software, Wave offers paid services, including Wave Payments, Wave Payroll and Wave Advisors for bookkeeping support and accounting coaching. Wave Accounting is ideal for micro businesses with fewer than 10 employees, contractors, freelancers and other service-based businesses on a budget. The financial management software is user-friendly and equipped with all the basics, including income and expense tracking, invoicing and reporting. Create beautiful invoices, accept online payments, and make accounting easy—all in one place.

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. Wave helps make sure you’re paid for your hard work. Make it easy and convenient for your clients to pay by offering options like bank transfers, credit cards, and online payments. And even better, get rid of late payments with Wave’s Pro Plan features like automated reminders and recurring invoices.

Our tools work together, so you work less.

Charge for a one-time compliance audit or ongoing site maintenance; you can schedule recurring invoices or send them manually whenever you need to. Create beautiful invoices that reflect your business branding. Automate overdue reminders, set up recurring billing, and add notes or terms of service with ease. Once you sign up online, you can start using Wave’s features right away. All you have to do is share your business name, type, address and the currency you use.

Customizable invoicing

Deposits are sent to the debit card linked to your account in up to 30 minutes. Deposit times may vary due to processing cutoff times or third party delays. Allow your customers to pay your invoices immediately via credit card, secure bank payment (ACH/EFT), or Apple Pay.

Quickly build project estimates and professional invoices that reflect your business. Upload your logo, add customer info, share notes, and set net payment terms with ease. Track customer views and invoice payments in the Wave dashboard so you always know where you stand with sellers, property managers, buyers and renters. Create graphs, charts, and dashboards to see at a glance where your income is coming from and which expenses are cutting into your bottom line. You can then dig down as deep as you like with expense tracking and customized reports to manage your revenue, categorize expenses, and find cost-cutting opportunities.