These solutions are integrated within your dashboard and you’ll access them both through your single Wave login. Our partners cannot pay us to guarantee favorable reviews of their products or services. Today’s leading accounting platforms offer standard security features, whos included in your household 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.

1. Companies that want to combine project management tasks in their accounting software or are looking for software with a great mobile app that they can use on the go will probably want to look for other options.
2. If you have a question or issue, you can browse the help center or reach out to Mave, the automated chatbot.
3. Yes, switching from other accounting apps or products to Wave is easy!

Wave Accounting at a Glance

Many, or all, of the products featured on this page are from our advertising partners who compensate us when you take certain actions on our website or click to take an action on their website. Here is a list of our partners and here’s how we make money. It’s absolutely unusable with it constantly flashing on my phone Wave phone reconnecting. Prior to update it worked well and I really like the convenience of being able to receive calls from my home phone on my cell. Between the app and the payment process—I can’t tell you the hours it’s saved, and even the headaches that have gone away because of it.

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. Create beautiful invoices, accept online payments, and make accounting easy—all in one place. The software also does not provide project management features. Users are not able to assign estimates to projects or track income and expenses by project.

Wave Accounting at a glance

There’s no live support unless you pay for it so you’ll have to dig for the answers to your questions in the help center or cross your fingers that the automated chatbot will help you out. Our (non-judgmental) team of bookkeeping, accounting, and payroll experts is standing by to coach you—or do the work for you. Monitor your cash flow, stay organized, and stop sweating tax season. Support for non-paying users is limited to the chatbot and self-service Help Center. Know when an invoice is viewed, becomes due, or gets paid, so you can stay on top of your cash flow better than ever. Easily create, customize, and send professional invoices while on-the-go.

Pocket- and small business-friendly perks

There’s a fee involved with accepting online invoice payments, too. Customers can pay via credit card, bank payment or Apple Pay. Accounting software helps business owners understand how money flows in and out of their businesses. This can help you save time and make financial decisions quickly. One of Wave’s most popular invoicing features is the ability to create user-friendly customizable templates.

As a free service, it is a good option for freelancers, entrepreneurs and small business owners who would like to keep their overhead low. Create beautiful invoices, accept online payments, and make accounting easy—all in one place—with Wave’s suite of money management tools. You can enjoy features such as unlimited income and expenses tracking, digital receipt upload and transaction management and access its invoice mobile app at no cost.

Allows an unlimited number of users in the Pro plan, but is not complex enough for businesses with more than a handful of employees; ideal for very small service-based businesses, freelancers or contractors. Also, Wave Accounting only offers self-serve customer support. If you have a question or issue, you can browse the help center or reach out to Mave, the automated chatbot.

With how dos a business use a profit and loss statement the higher-tier QuickBooks plans, you have access to inventory management, billable expenses and project profitability tools, none of which are offered with Wave. 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 Wave, you’ll be able to send unlimited, customized invoices to your customers, manage an unlimited number of expenses and track unlimited receipts through its receipt scanning and capture feature. The software design and intuitive interface make Wave simple to set up and easy to use, even for those with little previous accounting experience.

I’m not sure what happened but it sounds like Wave, who we pay an exorbitant amount of money to each month, has gotten greedy and doesn’t take care of their iPhone app anymore. This app is super helpful, the main issue I have while using it is the lag. When inputting information the character count for it is super slow/delayed to where it forces me to stay on a certain page until it registers that information has been inputted. After inputting information and trying to click done at the bottom it will not register unless I swipe the keyboard away. Clicking done in chapter 3 questions foundations of financial management financial the top right corner works half the time, with it also glitching and forcing me to start over everything by taking me back to whatever page I was on prior to creating a new contact or new invoice.

While its limitations do not make it an ideal solution for every business, Wave is a particularly appealing option for freelancers who are just starting out. Wave users can accept credit card payments over the phone, online or in person. Add a “Pay Now” button on invoices and you will automatically be able to receive Apple Pay, credit card payments and bank transfers.