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. Wave offers a decent number of support resources to customers, but the response times can be slow.
Since you don’t have to pay anything to get started, it’s certainly worth trying out. Until then, the software is still a good solution for small business owners looking for simple, easy-to-use accounting software that won’t break the bank. Wave’s customer support resources and new Wave Advisor services make it easy for people with limited accounting experience to learn the software.
Furthermore, customers using the free Starter plan will have limited support options. There are several additional Wave products that you can purchase for your business. Wave Payroll has two options ranging from $20 – $40/month + $6/employee or contractor. Tax service payroll is available in 14 states, while self-service payroll is available in the remaining 36 states. With a Pro Plan subscription, you can connect your bank account with Wave and automatically import your transactions. We provide different levels of support for customers who use different features and services from Wave.
Personalized invoices
The company also offers good customer support options, including an accounting guide, to help you learn to balance the books and use the software. Wave and QuickBooks offer comparable features for invoicing but the QuickBooks suite of services goes far beyond what Wave offers, so it can better grow with bigger businesses. As a more modern platform, Wave has a simpler and easier-to-navigate user interface (UI) while QuickBooks offers an array of features and tools that require a significant learning curve to navigate. You can effectively analyze the financial health of your business, find ways to generate more profit, and move forward with your business plan. Instant Payout is an additional service offered by Wave subject to user and payment eligibility criteria. A 1% fee is applied to the amount you withdraw from your available balance, in addition to regular processing fees.
Wave now integrates directly with H&R Block to help you file your taxes. When it comes to integrations, Wave is pretty limited, although it does support a much-needed Zapier integration, which connects Wave with 1,000+ add-ons. The integrations Wave directly connects with are PayPal, Etsy, and Shoeboxed. You can also use the Checkouts feature to create buttons on websites, such as Wix, Squarespace, and WordPress.
Project Management
The platform also includes receipt capture and mileage tracking, so you can automatically gather all the information you need to claim expenses for tax purposes in one place. If you operate a larger business and need advanced features, give Xero a look before signing up for Wave. Xero has more advanced features, hundreds of integrations, and also supports unlimited users.
- Ready to invoice in style, bookkeep less, and get paid fast?
- Your billing and invoicing processes are also more streamlined and bills are processed and sent out in a timely manner.
- The company also offers good customer support options, including an accounting guide, to help you learn to balance the books and use the software.
- At the time of our last review, we noted that Wave “has always been and always will be free,” and that the company planned to maintain this pricing structure following its acquisition by H&R Block.
- See our step-by-step guide on how to import bookkeeping data into Wave here.
Payroll
When you send an invoice, clients have the option to pay with the click of a button by entering their credit card absorption costing how to use the full costing method guide or bank account information or connecting to Apple Pay. Approval is subject to eligibility criteria, including identity verification and credit review. 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).
You’ll pay a 2.9% plus $0.25 per transaction fee for invoiced credit card payments; and 1% (up to $10) for ACH payments. Wave allows you to search transactions, design accounting reports and reconcile data across other Wave products. Plus, you can calculate sales tax iirc and sasb form the value reporting foundation 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.
Today’s leading accounting platforms offer standard security features like data audit and it audit for dummies encryption, secure credential tokenization and more. Using billing software helps to eliminate some or all potential human errors by automating several processes that are normally done manually. Automated billing, invoicing and other processes also help improve project and client management.