Once you’re approved, you can turn payments on or off for any invoice, or pick default settings for all 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. See pending and completed payments from project-based and quarterly clients in one dashboard to identify revenue ebbs and flows and plan accordingly. Bank data connections are read-only and use 256-bit encryption. Wave is PCI Level-1 certified for handling credit card and bank account information.

  1. For a free software program, Wave boasts an impressive, robust feature set that rivals even some paid accounting software programs.
  2. We built our Payroll tool for small business owners, so it’s easy to use AND teaches you as you go.
  3. Even after initial setup, the software must also let users modify information like company name, address, entity type, fiscal year-end, and other company information.
  4. Sign up to receive more well-researched small business articles and topics in your inbox, personalized for you.
  5. The interface is clean and not overwhelming, and you can easily find your way around.

It goes against our guidelines to offer incentives for reviews. We use dedicated people and clever technology to safeguard our platform. Labeled Verified, they’re about genuine experiences.Learn more about other kinds of reviews. Wave lessens down some of your business issues, invoicing and taxation is simplified. Every business should use Wave because it makes accounting less complicated.

User Satisfaction

It also features a well-laid-out, clutter-free dashboard with individual tabs for sales, purchases, accounting, banking, payroll and reports. 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.

Wave Accounting Customer Support

It’s also missing an audit trail and third-party integrations. Our partners cannot pay us to guarantee favorable reviews of their products or services. We believe everyone should be able to make financial decisions with confidence.

Wave user reviews

Want to look more polished, save more time, and conquer cash flow? Monitor your cash flow, stay organized, and stop sweating tax season.

So logging into a custom account for your business is quick and simple. There’s lots of software out there that’s ostensibly free but that actually hides small charges here and there if you want to use its most impressive features. Live chat and email are available for Wave Payments customers Monday through Friday from 9 a.m. We also took our expert’s view into accounting when calculating our star ratings. WaveApps allows you to scan and import receipts digitally, saving you time and helping you stay organized. Access your expense information easily in one place and make tax preparation a child’s game.

If Wave sounds like it might be a good fit for your business, give it a try! Wave Payments is an add-on payment processing service that allows your business to accept credit cards, debit cards, and ACH payments. This is a pay-per-use service with credit card processing rates starting at 2.9% + $0.60 per transaction and ACH rates set at 1% per transaction. That said, there are still quite a few areas where Wave could stand improvement. There’s no project management feature, limited time tracking, limited inventory, and poor mobile apps. Despite these drawbacks, Wave is still the best free accounting software out there.

Do you need a simple and intuitive service with only basic features? Will you really make use of the advanced functionalities required by experts and big enterprises? Are there any specific tools that are especially useful for the industry you work in? If you ask yourself these questions it is going to be much easier to get a solid solution that will fit your budget. Wave Apps is a free and well-integrated business platform that combines accounting, invoicing, and receipt scanning into one compact and straightforward package. Wave Apps is an excellent option for small businesses (less than 10 employees) that are still starting as well as self-employed professionals including entrepreneurs, freelancers, and consultants.

QuickBooks Online also has hundreds of integrations, connecting your accounting solution with other small business software and apps. On the other hand, QBO https://quickbooks-payroll.org/ only supports up to 25 users on its most expensive plan. Additionally, QuickBooks does not have a free plan like Wave, with prices starting at $30/month.

Reports are important for managers, owners, and decision-makers. The software must have enough reports that can be generated with a few clicks. Moreover, we’d also like to see customization options to enable users to generate reports based on what they want to see. Businesses with inventory items should choose accounting software that can track inventory costs, manage cost of goods sold (COGS), and monitor inventory units.

Users must have easy access to customer service channels in case of problems, questions, or assistance. It performs pretty basic tasks, like sending invoices, receiving payments, accounting cycle 8 steps and capturing an expense receipt. You can’t input or pay bills, categorize bank transactions, and view reports, which can be a problem if you often do business on the road.

Businesses can access the dashboard online from anywhere they have an internet connection, which means they always have the ability to bill clients and see who hasn’t paid. We’ve already hit on a few accounting features that set Wave apart, but there are a few more perks to cover. We examined Wave’s inventory management feature across the other categories, mostly in A/R and A/P, so there is no separate video for inventory. The case study ratings are based on the features and capabilities of the paid version, Pro. This website is using a security service to protect itself from online attacks. The action you just performed triggered the security solution.

I can’t find contact information to raise this issue and frankly after reading other reviews I won’t bother. Great app and support, at first.Funds were locked for months when the wave credit card was frozen, I could not ascertain where and why. Additionally, it took months to get an accurate answer for resolution.