If you’re interested in our payroll software, you can start a free 30-day trial when you sign up for Wave. Your complete invoicing and billing process is now on your phone. This allows people to manage their money and take noncurrent liabilities advantage of the competitive rates from a single online account. This directive offers a much broader sense of increasing the number of financially included people especially if it is very much strictly implemented.

The software also allows you to set up recurring invoices and track payments. Accounting software is essential for freelancers, contractors, and businesses in general. However, sometimes an accounting software system can be pricey. The great news is there’s a free app called Wave to help you handle bookkeeping. Wave is a well-rated payroll solution that offers a self-serve employee portal, time tracking and payroll processing for both employees and contractors.

Other features you may want to consider include whether the software has a mobile app, how good its customer service is and how well it does with accounts receivable (A/R) and financial reporting. In addition, Wave’s mobile app lets you send invoices and track payments on the go. The app offers a receipt scanning feature as well, but you have to pay a subscription fee to access it. There’s a fee involved with accepting online invoice payments, too.

• Customers can pay instantly by secure bank payment when they view the invoice online.
• Wave is an up-and-coming contender in invoicing and payments software for small businesses.
• With Wave, your invoices and payments automatically flow into your accounting records.
• In addition, the receipt scanning feature allows you to attach an image to each invoice.
• Customers can pay instantly by credit card or Apple Pay when they view the invoice online.

All debit card purchases automatically get logged and categorized. Today’s Wave Accounting offers robust invoicing, accounting, and receipt tracking functionality. It’s a good option to think about if you’re a small business owner looking for free cloud-based accounting software. Indeed, it’s earned a place on our accounting software for small business best of list.

Wave Accounting

And for those who are interested in paying for premium Wave features, they definitely won’t be disappointed by what this accounting software has to offer. However, we do suggest checking out Wave accounting alternatives, as they may provide the same features but for a slightly more affordable price. In addition, other accounting software may be more suitable for larger businesses and those looking to grow.

We did the research, and it seems there are no Wave accounting coupon codes or discount vouchers at this time. After creating your account, everything is set up so you can get started. Your data is always available, and backed up for extra peace of mind.

Wave Accounting Review: App Features, Pricing, Pros & Cons

However, there are no advanced plans for businesses looking to grow. And further to that point, it’s hard to beat free accounting software with plenty of features, and Wave offers an excellent range of them for freelancers, contractors, and small businesses. We’re beginning to sound like a broken record, but yes, with Wave, you’ll be able to take care of your accounting and bookkeeping for free. That’s worth reiterating over and over, because it’s hard to find functional accounting software tools without ponying up for some recurring payments. Learn more about the best payroll software for small businesses. Wave deposits money into your connected bank account within two business days of payment.

Accountant-friendly software

Square features include creating and sending unlimited invoices, scheduling invoices for recurring payments, and even saving a card on file to charge automatically. Businesses can also send payment requests via SMS text messaging or sharable links to give customers the most convenient way to pay. Customers can make payments with credit card and ACH bank transfers, as well as Apple Pay and Google Pay.

The processing fees are a flat rate of 2.9% plus 30 cents for credit cards and Apple Pay, and a 1% fee on all U.S.-based ACH transfers. Plus you can add checkout links on your business website and social media profile so customers can check out without having to wait for an invoice. Wave Payments is an online payment processing and invoicing software that lets businesses accept online payments, bill customers through email and keep track of income records. Because it is free and only charges processing fees, it’s an affordable option for small businesses. It also integrates with other Wave software to create a solid product for businesses that are looking for a simple way to invoice customers and get paid. Square also offers invoicing and online payments as part of its small-business solutions.

Low cost bank payments

Your deposit times may vary based on your financial institution. All payments are subject to a risk review and periodic credit risk assessments are done on business owners because we need to cover our butts (and yours). In some cases, we may hold funds and request more information if we need it for the protection of your business and Wave’s. So, if you’re wondering is Wave accounting worth it, in general, the answer is definitely yes.

For more information, check out our guide on QuickBooks Pro vs. Premier. If you’re a freelancer or other solo service provider, Wave is a better option. It’s free to use, and the clear user interface makes it easy for anyone to adopt and navigate, so you can spend more time offering your services and less on managing your business. QuickBooks offers a robust set of tools that far outweigh Wave’s capabilities—but that could be a drawback for small, simple businesses.

Wave Accounting at a glance

For these reasons, Wave ranks as one of the best payroll software for small business. Wave invoicing offers customizable invoices and allows you to add your branding to invoices. If that’s not something you are interested in, you can always use the premade invoice templates and look professional. 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. Additionally, Wave’s double-entry accounting makes it easy to pass books on to an external accountant when that becomes necessary. However, you must manually apply the tax for every transaction as they come in; there is no way to automate it.