Accounting Software for Small Businesses

wave accounting login

These features help keep our invoicing, and accounting, free. In addition, Wave’s mobile app lets you send invoices and track payments on the go. The app offers a receipt scanning feature as https://www.quick-bookkeeping.net/ 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 via credit card, bank payment or Apple Pay.

  1. Connect to your bank with read-only and 256-bit encryption.
  2. Our money management tools are easy to use separately and more powerful together.
  3. Wave Accounting’s Starter plan is free and its Pro plan, which includes more features, is $16 per month.
  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. 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 trends.

We provide different levels of support, depending on the plan and/or the add-on features you choose. Bank data connections are read-only and use 256-bit encryption. Servers are housed under physical and electronic protection.

QuickBooks Online’s detailed reporting and transaction tracking is ideal for growing businesses. FreshBooks is an affordable option for freelancers and small service-based businesses that operate mostly on the go. Only integrates with in-house apps, like Wave Payments and Wave Payroll; does not integrate with card readers for in-person payments. 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.

Pocket- and small business-friendly perks

You work hard to make your business a success—that’s why Wave uses both physical and digital protection to keep your money safe. Connect to your bank https://www.online-accounting.net/ with read-only and 256-bit encryption. Wave is also PCI Level-1 certified, which is often necessary with third-party merchant service providers.

wave accounting login

Charge for a one-time compliance audit or ongoing site maintenance; you can schedule recurring invoices or send them manually whenever you need to. See sent, viewed, paid and overdue invoices in one place so you know which clients are on the right track or need a nudge. Make it https://www.kelleysbookkeeping.com/ easier for your customers to pay you right from their bank account. Powerful, easy-to-use accounting software that has everything you need to confidently run your business. Give your customers the option of paying with one click using a credit card, bank transfer, or Apple Pay.

Electronic invoices are created with online invoicing software or other cloud-based services, which makes it easy to automate the invoicing process. Electronic invoices also provide small business owners with professional-looking digital invoices that their customers can pay easily online through a system like Wave’s online payments. However, like most products with free plans, Wave has its limitations, especially compared to more scalable small-business accounting software.

For example, QuickBooks Online doesn’t have a free plan, but offers four paid plans, each with additional features, making it a great choice for scalability. With the higher-tier QuickBooks plans, you have access to inventory management, billable expenses and project profitability tools, none of which are offered with Wave. Visit your dashboard or use your invoicing or accounting features, and click the peach “Upgrade now” button. Learn more about changing subscription periods and plan types, and how to cancel your Pro subscription in our Help Centre. Wave was designed specifically for small business owners like you – no CPA required. With our intuitive dashboard, you’ll be a money management pro in no time.

Manage accounts receivable effortlessly

And by enabling Wave’s payments feature, you can accept credit cards and bank payments, and get paid out in as fast as 1-2 business days1. It’s hard to beat free accounting software, especially if you’re running a small business on a budget. Wave’s free plan offers a decent number of features, like unlimited invoices, that are not always included with other free accounting software options, let alone paid accounting software plans.

Payments are a pay-per-use feature; no monthly fees here! 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. You can effectively analyze the financial health of your business, find ways to generate more profit, and move forward with your business plan. Create beautiful invoices, accept online payments, and make accounting easy—all in one place—with Wave’s suite of money management tools.

Wave’s smart dashboard organizes your income, expenses, payments, and invoices. Get your money faster when you offer customers the ability to pay directly from your invoices, starting at 2.9% + 60¢ per card transaction. 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. They get the flexibility of paying you via credit card, bank payment, and Apple Pay; you get a reputation as a polished professional. Keep your income flowing with the help of flexible payment options, and money transfers in as little as two days.

wave accounting login

Deposit times may vary due to processing cutoff times, third party delays, or risk reviews. Approval to use online payments is subject to eligibility criteria, including identity verification and credit review. You’ll need to answer a few questions about your business and provide us with a little more information about yourself in order to get approved to accept online payments. With Wave’s web-based invoicing software, you can create and send invoices for your business in just a few clicks from your computer. All you need is an Internet connection and a browser! If you’re on-the-go, you can also send invoices from your phone or other mobile device using the Wave app.

Accounting software that works as hard as you do

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. With a Pro Plan subscription, you can connect your bank account with Wave and automatically import your transactions. Our servers are protected physically and electronically. Any connections between you, your bank accounts, and Wave are protected by 256-bit SSL encryption.

Every invoice paid means more revenue coming into your small business. Create and send professional invoices to your customers in seconds. When everything is neatly where it belongs, tax time is simple.

There are also add-on Intuit services like QuickBooks Payroll or QuickBooks Time. Many or all of the products featured here are from our partners who compensate us. This influences which products we write about and where and how the product appears on a page. Here is a list of our partners and here’s how we make money. Wave keeps up to date records so you’ll always have the info you need for filing – or sharing with your accountant.

Keep your books organized and accurate and make tax time suck less.

As a self-employed professional, your flexibility is a huge advantage, so you need financial processes that are as flexible as you are. Wave’s accounting software is designed for self-employed people and freelancers like you, and can be easily customized for any size business and any type of goods or services you provide. In addition to its accounting software, Wave offers paid services, including Wave Payments, Wave Payroll and Wave Advisors for bookkeeping support and accounting coaching. Show clients they’re in good hands by sending business invoices, estimates, and receipts. Automate overdue reminders and credit card payments to reduce friction and focus on the work.

These solutions are integrated within your dashboard and you’ll access them both through your single Wave login. When you reconcile your books, you’ll navigate to the “Reconciliation” tab within the Accounting menu. If you need to manually edit, add or remove any transactions, you can do so on the Reconciliation or Transactions pages. Next, you can add sales tax (if necessary), create customer profiles and customize your invoice templates.

Full details on how Wave support works are available here. Email exported financial statements and reports to your accountant directly from Wave. Or even better, with our Pro Plan, safely hand off your books to your accountant by adding them as a limited user. Since Wave uses accountant-approved, real double entry accounting, your accountant will have all the information they need. Wave’s smart dashboard efficiently organizes your income, expenses, payments, and invoices for fast and accurate tax preparation.