Accounting Software for Small Businesses

All your invoicing and payment information automatically syncs with our free accounting software included with your account. Have an eye on the big picture so you can make better business decisions. Our robust small business accounting reports are easy to use and show month-to-month or year-to-year comparisons so you can easily identify cash flow free receipt forms trends. Before you commit to accounting software, it’s in your best interest to shop around and compare all your options. Unlike QuickBooks and FreshBooks, Wave Accounting is completely free to use.

Keep track of your business health

All details can be found on the “Subscriptions unit sales definition and Billing” page in your Apple account, or the “Find your purchases, reservations & subscription” page in your Google account. “With each level I have grown to, Wave has been with me and it’s just been completely seamless. If I didn’t have Wave, I don’t know where I’d be.”

Organized and stress-free small business accounting

1. Deposit times may vary due to processing cutoff times, third party delays, or risk reviews.
2. Get paid in as fast as 1-2 business days1, enhance your brand, and look more professional when you enable payments.
3. Create beautiful invoices, accept online payments, and make accounting easy—all in one place—with Wave’s suite of money management tools.
4. For information on credit card rates, visit Pricing for details.
5. Since you don’t have to pay anything to get started, it’s certainly worth trying out.

When your billing period ends, you will lose access to any functionality or features that require an active subscription, such as scanning new receipts and managing accounting transactions using Wave’s mobile app. You won’t lose access to previously scanned receipts; they will continue to exist in your books as transactions and are accessible along with your saved accounting transactions when you sign in to waveapps.com. Wave allows you to search transactions, design accounting reports and reconcile data across other Wave products. Plus, you can calculate sales tax automatically, customize payment terms and enjoy access to easy-to-understand cash flow insights. It also features a well-laid-out, clutter-free dashboard with individual tabs for sales, purchases, accounting, banking, payroll and reports.

Wave Accounting Review ( : Features, Pricing & More

Know when an invoice is viewed, becomes due, or gets paid, so you can stay on top of your cash flow better than ever. “Wave invoicing makes your life a whole lot easier and takes that worry off you. I’ve tried Quickbooks—it’s a bit more complicated and technical, and takes more time to set up.” Our (non-judgmental) team of bookkeeping, accounting, and payroll experts is standing by to coach you—or do the work for you. Yup, our mobile receipt feature can be accessed in our Wave app, on iOS and Android.

With Wave Invoicing, you’ll be able to track, edit, send and pay invoices from any mobile device. In addition, Wave allows you to manage multiple businesses on one free account and uses double-entry accounting, which is ideal for accountants and tax time. You can mark invoices paid on the spot, so your records are instantly up to date. Accept payments through credit cards and bank payments to get paid even faster, for a low, pay-per-use fee. Manually creating invoices in Microsoft Word or Excel can be time-consuming and difficult to manage. Digital invoicing empowers what is accumulated depreciation your small business by automating invoice processing and saving time by tracking key invoice data like upcoming and outstanding invoices.

Wave Accounting offers free software, meaning you won’t need to submit a credit card or payment information to use it. It can help you manage your bookkeeping, accounting and invoicing processes through a few internal integrations. ‍2 Rates are 1% for bank payments (minimum fee of $1). For information on credit card rates, visit Pricing for details.

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. If you’re a small business owner in search of free, cloud-based accounting software, Wave Accounting is worth considering.

The rate that you charge for your freelancing services can vary, so it’s important to get a grasp of market trends before sending your clients an invoice or quoting a price. Freelance rates can differ depending on experience level and industry. For example, the rate a freelance web developer charges may be different than that of a freelance graphic designer, because each freelancer specializes in a different area. I look at the dashboard and know how many invoices are on the way, when they should be paid, and the average time it takes someone to pay. It keeps me on track and takes a lot out of my hands. Yes, switching from other accounting apps or products to Wave is easy!

Give your customers the option of paying with one click using a credit card, bank transfer, or Apple Pay. Today’s leading accounting platforms offer standard security features, such as data encryption, secure credential tokenization and more. While human error will always play some role in security breaches, you can be confident in your accounting platform when it comes to keeping your information safe. You can invite your accountants, bookkeepers or other business partners to Wave via email and designate their user roles. They can receive “editor permissions” and access accounting and reports as well as purchases easily. Explore more details on the competition in our full roundup of the best accounting software for small businesses.