‎Wave: Small Business Software on the App Store

Bookkeeping

If you need to manually edit, add or remove any transactions, you can do so on the Reconciliation or Transactions pages. Next, you can add sales tax (if necessary), create customer profiles and customize your invoice templates. A common issue when invoicing in Microsoft Word, Excel, or other DIY solutions is making calculation errors. Wave’s invoicing software for small businesses removes the worry of making these errors because calculations are done for you, including the taxes. If you’re on-the-go, you can also send invoices from your phone or other mobile device using the Wave app.

One of its biggest drawbacks is its lack of higher-tier plan options for growing businesses that require a richer selection of features.
Set up recurring invoices and automatic credit card payments for your repeat customers and stop chasing payments.
Our accounting reports are easy to use and show monthly or yearly comparisons, so you can easily identify cash flow trends.
Other capabilities include recurring invoicing and the option to let repeat clients opt into automatic credit card billing.
Electronic invoices are created with online invoicing software or other cloud-based services, which makes it easy to automate the invoicing process.

Keep your business and personal finances separate, connect with your Wave accounting software to automate your books, and use your Wave Visa® Business Debit Card and virtual card anytime, anywhere. You can mark invoices paid on the spot, so your records are instantly up to date. Accept payments through credit cards and bank payments to get paid even faster, for a low, pay-per-use fee. Add credit cards and bank payments to get paid even faster, for a low, pay-per-use fee.

To download the app:

While Wave has a lot to offer when it comes to invoicing, know that it’s still slightly less automated than some competitors. This isn’t necessarily a deal-breaker, but it might require a bit more bookkeeping work. 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. Every invoice paid means more revenue coming into your small business.

It’s also missing an audit trail and third-party integrations.
Your data is always available, and it’s backed up for extra peace of mind.
Send invoices whenever and wherever you want with Wave’s free app for iOS and Android.
Add credit cards and bank payments to get paid even faster, for a low, pay-per-use fee.
After creating your account, everything is set up so you can get started.

Save time chasing customers by setting up automatic payment reminders. Easily create, customize, and send professional invoices while on-the-go. The right software helps business owners quickly categorize transactions and generate financial statements. These include cash flow reports, balance sheets, profit and loss statements, and expense breakdowns. Yes, switching from other accounting apps or products to Wave is easy!

The app offers a receipt scanning feature as well, but you have to pay a subscription fee to access it. There’s a fee involved with accepting online invoice payments, too. Customers can pay via credit card, bank payment or Apple Pay. 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 for as little as 1%2 per transaction and get paid out in as fast as 1-2 business days1.

Money management app on iOS and Android

Wave also offers paid products for payroll, coaching and mobile receipt scanning. Wave’s invoicing is free and unlimited, with three customizable templates and a user-friendly interface, putting it on par with some of the best invoicing software solutions for small businesses. Other capabilities include recurring invoicing and the option to let repeat clients opt into automatic credit card billing. Manually creating invoices in Microsoft Word or Excel can be time-consuming and difficult to manage. Digital invoicing empowers your small business by automating invoice processing and saving time by tracking key invoice data like upcoming and outstanding invoices. You can also manage late payments more efficiently through e-invoicing by setting up payment reminders to send to your customers before an invoice due date.

Simplicity doesn’t always translate into ease of use. Less scalable products are typically simpler, but diminished functionality can cause headaches down the road for growing businesses. We encourage you to research and compare multiple accounting software products before choosing one. In addition to its free services, Wave has software and services that do come with fees, change in net assets definition and meaning including Wave Payments, Wave Payroll and Wave Advisors for bookkeeping support and accounting coaching. However, like most free products, Wave has its limitations, especially compared to more scalable small-business accounting software. One of its biggest drawbacks is its lack of higher-tier plan options for growing businesses that require a richer selection of features.

This led him to a four-year stint as President and CEO of M-Paisa Afghanistan, bringing banking and financial education to underserved communities. If you’re interested in our payroll software, you can start a free 30-day trial when you sign up for Wave. Our (non-judgmental) team of bookkeeping, accounting, and payroll experts is standing by to coach you—or do the work for you. We built our Payroll tool for small business owners, so it’s easy to use AND teaches you as you go. Wave is one-stop money management for small business owners.

Track your income and expenses, painlessly

Sign up for a free Wave account and send your first invoice right away—it only takes a few minutes! You can also set up recurring payments, auto-reminders, and deposit requests to make sure you always get paid on time. Save time when you send automatic payment reminders in your Wave account. Whenever a payment is due, your customers will get an email reminder. Accounting software like Wave can also seamlessly connect with your bank accounts so you can automate tasks like recording transactions and generating reports. This can help you save time and make financial decisions quickly.

1 Payouts are processed in 1-2 business days for credit card payments and 1-7 business days for bank payments. Deposit times may vary due to processing cutoff times, third party delays, or risk reviews. With the Wave Money business banking account, managing your business finances is a breeze.

How much does Wave cost?

Sage Accounting offers some of the least expensive accounting plans available and stands out for its in-depth inventory tracking. After providing a few basic details about your business — name, type, currency you use, address — you’ll have instant access to your free account. Can manage multiple businesses for free under one account; lacks project tracking tools, industry-specific reports and transaction tracking tags. The Wave app lets you easily generate and send invoices to your clients wherever and whenever you need to.

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. Know when an invoice is viewed, becomes due, or gets paid, so you can stay on top of your cash flow better than ever. After creating your account, everything is set up so you can get started. Your data is always available, and backed up for extra peace of mind. The developer, Wave Financial Inc, indicated that the app’s privacy practices may include handling of data as described below. For more information, see the developer’s privacy policy.

Set up recurring invoices and automatic credit card payments for your repeat customers and stop chasing payments. Switch between automatic and manual billing whenever you want. Invoicing, payments, and banking all in one place that saves you time, gets you paid, and makes money management easy. There are no trials or hidden fees, and it includes all the key features you need to keep your books accurate and run your business smoothly. Our double-entry accounting software is trusted by over 2 million small business owners.