Wave software offers businesses a time-saving technology solution with practical features that are easy to use. Here are a few of the most popular alternatives to Wave for small business bookkeeping and how their features compare to Wave’s business accounting solutions. Wave is an excellent choice for freelancers and small business owners who prioritize cutting costs and simplified finances.

Wave has also introduced a no-fee checking account called Wave Money in partnership with Community Federal Savings Bank. Wave propels brave entrepreneurs who pursue their dreams and drive the world’s economy by providing the tools and support their need to easily understand and manage their finances. We are on a mission to change the lives of entrepreneurs across the globe. Additional support may also be available within the Wave Accounting software, but for now, Payments by Wave does not qualify as a top-rated payment processor for great customer service.

Wave Customer Service Options

When you reconcile an account, you can find a calculation at the top of the window to help you keep track of the differences between your Wave and bank account balances. Then, you can read through your statement, adding or confirming transactions on Wave as you go. If you’re a freelancer or a business owner who only needs a simple but reliable accounting platform, we urge you to try Wave. You have nothing to lose, especially as almost all of its features are free.

Wave Receipts is not currently available on Google Play, but Receipts and Invoices are both available for iOS. Since Wave only offers email customer service, this may be a more functional short-term option if you aren’t particularly savvy with account setup & syncing. In 3+ years I don’t think I’ve had to contact support once, nor Wave Hq Reviews 2021 have I ever considered switching to other tools. It is one of the few software tools I use regularly where I am happy to open it, and I’m happy to give them their percentage. Always simple and smooth, and exceptional bang for the buck. Not only would I recommend Wave to freelancers and small businesses, I have recommended it.

Costs

Income and expense tracking is unlimited, and you can even manage multiple businesses in your Wave account. QuickBooks Online offers four different plans to choose from and is well-known for its robust reporting, record-keeping and project tracking features. Once logged in, your main dashboard will show your cash flow, profit and loss, invoices, bills and other financial https://www.wave-accounting.net/ insights. From the dashboard (or the Banking menu on the left-hand side), you’ll be able to connect your bank and credit card accounts to automatically download and categorize your transactions. Wave also offers a free app to help you manage your invoices on the go. With Wave Invoicing, you’ll be able to track, edit, send and pay invoices from any mobile device.

• The only applications Wave can integrate with are PayPal, Etsy, Shoeboxed, Zapier and Google Sheets.
• Once a week or so, I’ll log in to check all the transactions it imported from my bank account.
• Wave Payments is an add-on payment processing service that allows your business to accept credit cards, debit cards, and ACH payments.
• Wave uses Plaid to set up connections to financial institutions, and it works like it does on other sites.
• They literally just lied to me, which in turn made me lie to my employees about getting paid.

Wave really is a free accounting software option for small businesses. Anyone can use Wave free of charge as long as you have an email to set up your account. Wave is priced by product, but you need to sign up for the core accounting product, which is free, to get access to everything else. Invoicing is free, but accepting payments requires a fee. One useful feature for online and international businesses is its support of multiple currencies and international banks. It even supports VAT taxes, something most U.S.-focused accounting programs leave out.