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. With a Wave Pro subscription, you’ll have recurring billing and other automation features. Schedule everything, from invoice creation and invoice sending, to payment collection and overdue payment reminders. 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.
Is Wave Right for You or Your Business?
Bank data connections are read-only and use 256-bit encryption. Servers are housed under physical and electronic protection. Wave is PCI Level-1 certified for handling credit card and bank account information. All your invoicing and payment information automatically syncs with our free accounting software included with your account. Every invoice paid means more revenue coming into your small business. Create and send professional invoices to your customers in seconds.
Deposits are sent to the debit card linked to your account in up to 30 minutes. Deposit times may vary due to processing cutoff times or third party delays. One of Wave’s most popular invoicing features is the ability to create user-friendly customizable templates. Not only can you customize the invoices to fit your brand, but you can also set up recurring invoices and automate credit card payments for repeat customers. Once invoices have been sent, you can easily track the status of each invoice to see if they are viewed, unpaid or Overdue. All payment information automatically syncs with the free Wave Accounting software included in your service, making accounting easy.
While Wave provides unlimited invoices, it might be best to look elsewhere if you are looking for more robust account software. Both QuickBooks and Invoice2go offer more comprehensive features like time tracking to easily record billable hours and export them into an invoice. For businesses that carry inventory, QuickBooks Online offers strong inventory tracking that alerts users when the inventory gets low. While Wave offers a basic inventory feature, it does not track stock within the software. Wave’s usability is one of its greatest strengths. The software design and intuitive interface make Wave simple to set up and easy to use, even for those with little previous accounting experience.
Plans to makeyour plans happen.
While several accounting software services provide a free version of their software, the free version usually limits the number of users, number of invoices per month and integrations. Your customers can pay the invoices you send them instantly by credit card, secure bank payment (ACH/EFT), or Apple Pay. 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. That’s not the case with Wave—it provides one plan with an unlimited number of users, invoices, credit card connections and reports for free.
Wave Invoicing Review 2024: Features, Pros & Cons
All your invoicing and payment information automatically syncs with 12 branches of accounting Wave’s accounting feature. Customers can pay instantly by credit card or Apple Pay when they view the invoice online. With the Pro Plan, automatically import, merge, and categorize your bank transactions. It’s always available, and it’s backed up for extra peace of mind.
In addition to creating invoices, Wave gives users the ability to create estimates for potential clients. Once those estimates are approved, they can easily be transformed into invoices with the click of a few buttons. With a Pro Plan subscription, you can connect your bank account with Wave and automatically import your transactions. Give your customers the option of paying with one click using a credit card, bookkeeping for independent contractors and small businesses bank transfer, or Apple Pay.
Data Used to Track You
- While it does offer a free iOS and Android app, the app is limited in the number of features and functions.
- If you’re on-the-go, you can also send invoices from your phone or other mobile device using the Wave app.
- The site’s onboarding process is a breeze; first provide a few basic details about your business, such as name, address and industry.
The fact that Wave lets users create and send unlimited invoices and receive payment straight from the invoices for free makes it perfect for freelancers. 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.
With the Pro Plan you can also set up recurring payments, auto-reminders, and deposit requests to make sure you always get paid on time. 2 Rates are 1% for bank payments (minimum fee of $1). For information on credit card rates, visit Pricing for details. Know when an invoice is viewed, becomes due, or gets paid, so you can take the right actions to manage your cash flow. Set up invoice reminders to automatically email your customers when payment is due.
It is a user-friendly, intuitive platform even for those with no prior accounting experience. As a free service, it is a good option for freelancers, entrepreneurs and small business owners who would like to keep event discusses africas development in the age of stranded assets their overhead low. 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.