Wave
- Free tool with features on par with paid ones.
- Bank upload and reconciliations feature for free.
- Good customer and supplier reconciliation features for a free system.
- Flexibility to connect to external accounts for transaction import.
- Cloud based accounting tool, Hence users can access from anywhere.
- Connection issues with bank accounts and credit card accounts.
- Too much learning needed to understand the software.
- Issues with handling inventory.
- Some aspects of the Dash Board are not intuitive.
- More needed with regards to integrations.
About Wave
Wave is totally free and fully integrated accounting solution for small businesses. The tool includes accounting,invoicing and receipt scanning into a single package. Wave is an ideal software for small businesses less than 10 employees, freelancers and consultants. The tool is easy to setup and use.
Wave comes with intuitive navigable dashboard which is easy to access and can view everything. Most of the recurring tasks are automated viz. automatic bank connections, automated information flow, no manual entry etc. Wave is a double entry application and saves time by collaborating with accountant or bookkeeper in realtime. Users can customize the invoices with the available templates with colors, font and logo. Accounting and invoicing simplified avoiding issues that arise with expense monitoring, chasing payments and managing employees and taxes.
With Wave streamline your payment and collection process by using various payment options. Wave also comes with simple budgeting tools to make estimation of your expenses and budget outlay. There are other tools like realtime investment tracking, personal finance tools and more to efficiently manage the personal finances. Waves invoicing tools enables faster payments and tracking the money.
Pricing
Receipt Management – Free Credit card processing – $0.30 + 2.9% per transaction Bank payment/ACH processing – 1% per transaction ($1 minimum fee) Payroll (tax service states): $35/month base fee + $4/active employee + $4/independent contractor paid Payroll (self service states): $20/month base fee + $4/active employee + $4/independent contractor paid
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Features
- Billing and Invoicing
- Real double entry accounting
- Investment tracking
- Financial reporting (Ledger, A/R, A/P, Income, Balance Sheet
- Accept all major credit cards
- Credit Card payment processing in America and Canada
- Bank integrations to eliminate manual entry
- Multi-currency
- Professional reports
- Seamless invoicing & payroll
- Personal finance tracking
- Fully integrated single login solution
- Personal budgeting tools
- Connect bank accounts and credit cards
- Customizable sales taxes
- 256-bit encryption
- PCI Level-1 certified
- Real double-entry accounting
- Automatic reports
- Profit and loss statement
- Sales tax reports
- Balance sheets
- Collaboration tools
- Receipt scanning
- Built-in payroll
- Expense tracking
- Journal transactions
- At-a-glance dashboards
- Cash balances and invoice status
- Automatic exchange rate calculations
- Automatic data backup
- Bill and invoice reminders
- Profit and Loss
Pros and cons
- Free tool with features on par with paid ones.
- Bank upload and reconciliations feature for free.
- Good customer and supplier reconciliation features for a free system.
- Flexibility to connect to external accounts for transaction import.
- Cloud based accounting tool, Hence users can access from anywhere.
- Connection issues with bank accounts and credit card accounts.
- Too much learning needed to understand the software.
- Issues with handling inventory.
- Some aspects of the Dash Board are not intuitive.
- More needed with regards to integrations.
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Benefits
- Clean and user friendly dashboard.
- Free software with no hidden charges.
- Ideal accounting software for small businesses and freelancers.
- Flexibility to create professional looking invoices, receipts and estimates.
- Wave gives the convenience of accepting payments through credit cards.
- Income and Expense tracking is simplified with Wave.
- Wave comes with receipt scanning tools and bank connection.
- System is compliant with tax ready.
- Wave provides automatic billing and invoicing.
- Ability to set remainders for paid and unpaid items.
- Flexibility to make payment from anywhere using online pay or direct deposit..
Integration
- USA
- UK
- Canada
- Europe
- Asia
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FAQ
What are the main features of App?
- Sales App View – great overview of sales
- Contact History
- Full Customization
- Email integration
- Goal Setting & Reporting
- Roles & Organizational Hierarchy
- Multi-Language
- 24/7 Support
- Google Calendar & Contacts Integration
- Powerful API
- Mobile Apps
What type of pricing plans does App offer?
Starting from: $12.00/month Pricing model: Subscription Free Trial: Available (No Credit Card required)
What languages does App support?
Does App offer an API?
Specification: Wave
| customer-type | Medium business, Small business |
|---|---|
| Deployment Type | Cloud Hosted, On Premise, Open API, SaaS |
| Device Supported | Android, IOS, Mac OS, Windows |
| pricing-model | Annual Subscription, Freemium, Monthly payment |
| Authentication | Yes |
| Automated Billing | Yes |
| Customized invoice | Yes |
| Credit Card Processing | Yes |
| Currency Conversion | Yes |
| Balance Sheet | Yes |
| Customizable templates | Yes |
| Electronic payments | Yes |
| Billing & Invoicing | Yes |
| Billing Rate Management | Yes |
| Cash Flow Management | Yes |
| Data Import/Export | Yes |
| Expense Claims | No |
| Expense Tracking | Yes |
| Estimation | Yes |
| Financial Management | Yes |
| General Ledger | Yes |
| Bank Reconciliation | Yes |
| Sales Tax Management | Yes |
| Fixed Asset Management | Yes |
| Transaction History | Yes |
| API | No |
| Inventory Management | Yes |
Videos: Wave
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