Plus, you can calculate sales tax 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. Wave’s invoicing is free and unlimited, with customizable templates and a user-friendly interface, putting it on par with some of the best invoicing software solutions for small businesses. Pro plan capabilities include recurring invoicing and the option to let repeat clients opt into automatic credit card billing.
Add online payments to your invoices
You’ll receive the money in your account in 1 business day (Canada), or 2 business days (US)1. Customize your invoices by choosing from a variety of templates. Then add your logo and company colors to make it look professional and personalized. 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.
Data Used to Track You
All you have to do is share your business name, type, address and the currency you use. Where Wave falls behind, however, is its customer support. 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. QuickBooks Online’s detailed reporting and transaction tracking is ideal for growing businesses.
Invoice status: Sent, Viewed, Paid, and more
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 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.
- After providing a few basic details about your business — name, type, currency you use, address — you’ll have instant access to your account.
- 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.
- Wave users can accept credit card payments over the phone, online or in person.
- 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).
- 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.
- While Wave has a lot to offer when it comes to invoicing, know that it’s still slightly less automated than some competitors.
This is a typical credit card processing fee that you’ll find on any platform. Wave Invoicing is ideal for freelancers, entrepreneurs or small businesses. The fact that it is free makes it a great option for those just starting out or those who want to keep their overhead as low as possible. Wave is a free invoicing software that helps small businesses keep track of their bookkeeping needs from one location.
Credit Cards
They get the flexibility of paying you via credit card, bank payment, and Apple Pay; you get a reputation as a polished professional. Invoice by Wave, our full featured invoicing software, is also completely free and unlimited. To create an invoice with our free invoice generator, follow these instructions and you’ll quickly have a professional invoice to send to your customers.
- It’s also missing an audit trail and third-party integrations.
- To apply taxes to the fees for your goods or services on the invoice, you simply need to enter the tax rate that is applicable for your state or province.
- This can help you save time and make financial decisions quickly.
- Transactions will appear in your bookkeeping automatically, and you’ll say goodbye to manual receipt entry.
- The software design and intuitive interface make Wave simple to set up and easy to use, even for those with little previous accounting experience.
- The financial management software is user-friendly and equipped with all the basics, including income and expense tracking, invoicing and reporting.
Money is deposited
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 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. Wave Accounting offers free software, meaning you won’t need to submit a credit card or payment information to use it.
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. While Wave is free to use, it doesn’t offer multiple plans to increase its functionality. It lacks some of the useful features you may find in other accounting software, such as project management, time tracking and inventory management. Wave allows you to search transactions, design accounting reports and reconcile data across other Wave products.
Pay per use (no strings attached)
FreshBooks is an affordable option for freelancers and small service-based businesses that operate mostly on the go. Moreover, you can integrate QuickBooks with hundreds of third-party tools available in the app marketplace. There are also add-on Intuit services like QuickBooks Payroll or QuickBooks Time. Only integrates with in-house apps, like Wave Payments and Wave Payroll; does not integrate with card readers for in-person payments. Charge for a one-time compliance audit or ongoing site maintenance; you can schedule recurring invoices or send them manually whenever you need to. Know at a glance what’s happening with every invoice so you can take the right actions and manage your cash flow best.
How Wave Accounting Stacks Up
Get paid in as fast as 1-2 business days1, enhance your brand, and look more professional when you enable Payments.Accept credit cards, bank payments, and Apple Pay for as little as 1%2 per transaction. You can mark invoices paid on the spot, so your records are instantly up to date. Accept payments wave invoice login through credit cards and bank payments to get paid even faster, for a low, pay-per-use fee. Wave does not charge a subscription or any hidden fees. While users never pay startup or monthly fees, Wave does charge a credit card processing fee of 2.9% plus 30 cents per transaction for most cards.