What Is Wave Accounting?
Wave offers 100% free, real double-entry accounting for small businesses. As a cloud-based software, Wave allows you to access your data from anywhere, add unlimited collaborators and work on all of your businesses from a single login. Wave eliminates data-entry and puts the financial reports you need at your fingers tips, allowing you to spend more time doing what you love. Your accounting is also seamlessly integrated with invoicing, receipt scanning, payment processing and payroll.
Who Uses Wave Accounting?
Wave's target market is small business owners (1-9 employees), freelancers and solo entrepreneurs. Wave has users in 200 countries around the world and our ecosystem is 4 million strong.
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Reviews of Wave Accounting
Awesome free accounting online software for your business that is super professional!
Comments: There is very little more I can ask for with Wave for my small business. It is free for the features I need and allows me to take only ACH or credit card payments with a reasonable fee and I only pay the fixed percentage when I use those features so I can just turn it off and get a check from a client and not pay anything. Great Flexibility!
Its free for small businesses that just need a good business accounting software! You can take ACH and CC payments if you want and turn them off on invoices you don't want it on. The rates are reasonable enough for using these services. The reports are easy enough for doing taxes. It's awesome and cheap for those that are one man shows or freelancers.
The thing that is the most annoying is when you want to do a recurring billing. It doesn't use something like Maintenance contract #1 then go to #2 or something like that it makes recurring billing invoice names that were the most recent of any invoices. Maybe I am not using it correctly, but each time I have to go and change invoice names then manually send it to the client.
It's impressive that it offers so many features for free!
Comments: I've used this software for years, and it's honestly great.
Simple and free option that's great for solopreneurs (like me!) who only need to send invoices to their clients.It even has a feature for regular invoices: you can set them up so that they're sent every month (for example) with a custom message.I love the fact that you can really customise your invoices: most competitors don't offer this option in their free plan!
It does send a reminder the day AFTER an invoice has expired. However, it'd be better if it were sent on the actual day. That way, a client has time to look into it immediately if they've forgotten about it.I couldn't find an option to automated the "logging a payment" side of things. Whereas I've heard of some other software options that can be connected to your business bank account and they automatically mark an invoice as 'paid' when the client used the exact number/reference.
It was cheap and not too difficult to set up and use.
I did the research and chose Wave. I run a three person operation, so just enough to make accounting more complicated than a spreadsheet I create myself. After making the jump, there was obviously a learning curve. It wasn't perfect, but I was making it work. I paid the extra monthly fee for payroll services, and that was fine.Then, about nine months in, the accounting stopped importing my bank account info. I contacted Wave through the chat bot, and learned that it was an issue with their third party vendor Plaid, that handles that importation. Wave's advice was to wait until Plaid fixes the issue.Next call was to my bank. They were completely unaware of any issue with Plaid. I tried to contact Wave again, but still couldn't get a satisfactory answer, just "wait for Plaid to fix it".Now it has been about six weeks, with no data imported. I am having to start from scratch to find another accounting program, and then make the commitment to learn how to use it. This shouldn't be that hard. I want to run my business, not spend all my time wondering why the accounting program won't work.
A User-Friendly Accounting Software: Wave Accounting
Comments: Overall, I'm very satisfied with the Wave Accounting software. It's comprehensive yet easy to use, and the mobile app makes it easy to stay on top of my business. The only downside is that some features are lacking compared to competitors, and the customer service could be improved.
I've been using Wave Accounting for my small business for a few years now, and I'm really impressed by its user-friendly interface and the comprehensive set of features it offers. It's great for tracking expenses, managing invoices, and reconciling bank accounts. The mobile app is also very handy, making it easy to stay on top of my business even when I'm away from my computer.
While Wave Accounting is a great accounting software, it is missing some features that competitors offer. For instance, it doesn't have budgeting or forecasting capabilities, and the reporting options are quite limited. Additionally, the customer service could be improved, as it can be difficult to get help when you need it.
Good Into Accounting software
Comments: This software helped me learn about accounting and feel more confident in doing my own bookkeeping.
I enjoyed the ease of use for this software. I currently have quick books but I still use my wave account because it's easier to navigate than quick books. I like that the software is free also. As a small business owner every dollar saved is good.
I wished that the software had more option for customer service. The option to pay for service is too much for a one time call.