Accounting Software for Small Businesses

• April 12, 2021
• LUTAKOME
• no comments

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. We built our payroll tool for small business owners, so it’s easy to use AND teaches you as you go. Monitor your cash flow, stay organized, and stop sweating tax season. Say #sorrynotsorry to your spreadsheets and promissory note shoeboxes.

If you do want live support, you’ll need to retained earnings on the balance sheet invest in an Advisor or paid service. 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.

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. You can enjoy features such as unlimited income and expenses tracking, digital receipt upload and transaction management and access its invoice mobile app at no cost. 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. While Wave is free to use, it doesn’t offer multiple plans to increase its functionality.

Organized and stress-free small business accounting

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, and get paid out in as fast as 1-2 business days1. Electronic invoices are created with online invoicing software or other cloud-based services, which makes it easy to automate the invoicing process. Electronic invoices also provide small business owners with professional-looking digital invoices that their customers can pay easily online through a system like Wave’s online payments. Get paid in as fast as 1-2 business days1, enhance your brand, and look more professional when you enable payments. Customers can click a Pay Now button on invoices and pay instantly by credit card, secure bank payment (ACH/EFT), or Apple Pay.

Pick a plan

Since you don’t have to pay anything to get started, it’s certainly worth trying out. Set up recurring invoices and automatic credit card payments for your repeat customers and stop chasing payments. You can effectively analyze the financial health of your business, find ways to generate more profit, and move forward with your business plan. Wave also offers a free app to help you manage your invoices on the go.

1. If you’re a small business owner in search of free, cloud-based accounting software, Wave Accounting is worth considering.
2. Plus, you can calculate sales tax automatically, customize payment terms and enjoy access to easy-to-understand cash flow insights.
3. Stop looking under couch cushions—access your receipts digitally, in one place.
4. “With each level I have grown to, Wave has been with me and it’s just been completely seamless. If I didn’t have Wave, I don’t know where I’d be.”
5. Clicking done in the top right corner works half the time, with it also glitching and forcing me to start over everything by taking me back to whatever page I was on prior to creating a new contact or new invoice.

Make accounting easy.

With the Pro Plan, automatically import, merge, and categorize your bank transactions. It’s always available, and it’s backed up for extra peace of mind. We provide different levels of support, depending on the plan and/or the add-on features you choose. Our servers are protected physically and electronically.

Recurring billing for repeat customers

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. Easily monitor and keep track of what’s going on in your business with the intuitive dashboard. The quick summary allows you to stay in control of your business finances, including a task list of outstanding items. Send invoices whenever and wherever you want with Wave’s free app for iOS and Android.

Wave’s mobile receipts feature lets you instantly input expenses into Wave. With Wave’s web-based invoicing software, you can create and send invoices for your business in just a few clicks from your computer. All you need is an Internet connection and a browser! If you’re on-the-go, you can also send invoices from your phone or other mobile device using the Wave app. If you’re a startup, micro-business or sole proprietor who doesn’t want to invest in accounting software but needs to keep track of your finances, Wave Accounting is a great option. As long as you’re content with basic features and present value formula don’t see yourself expanding in the foreseeable future, you’ll find this completely free, easy-to-use software particularly appealing.

Bank data connections are read-only and use 256-bit encryption. Servers are housed under physical and electronic protection. Wave is PCI Level-1 certified for handling credit card and bank account information.