Although Wave’s paid plan offers additional features, it’s still missing some more advanced capabilities, like built-in inventory tracking and audit trails, that growing businesses might need. Our accounting and invoicing features are currently free. If you’re interested in using payroll software, you can start a free 30-day trial when you sign up for Wave. In addition, Wave’s mobile app lets you send invoices and track payments on the what is contra entry go.
- Automate the most tedious parts of bookkeeping and get more time for what you love.
- While Wave has a lot to offer when it comes to invoicing, know that it’s still slightly less automated than some competitors.
- FreshBooks has an excellent mobile app that allows you snap photos of receipts, send invoices and track mileage.
- Create customizable invoices from templates with easy drag-and-drop editing.
Processing fees
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. Once logged in, your main dashboard will show your cash flow, profit and loss, invoices, bills and other financial insights.
Enable invoice payments by credit card for a pay-as-you-go fee as low as 2.9% + 60¢, and watch the money roll in. We built our Payroll tool for small business owners, so it’s easy to use AND teaches you as you go. Quickly create and send unlimited invoices, look like a pro with customizable templates, and get paid fast with online payments. Connect your bank accounts in seconds with the Pro Plan. Transactions will appear in your bookkeeping automatically, and you’ll say goodbye to manual receipt entry. We built our payroll tool for small business owners, so it’s easy to use AND teaches you as you go.
Professional-grade tools
Create customizable invoices from templates with easy drag-and-drop editing. QuickBooks Online’s detailed reporting and transaction tracking is ideal for growing businesses. Support what is federal tax withholding for non-paying users is limited to the chatbot and self-service Help Center. Many, or all, of the products featured on this page are from our advertising partners who compensate us when you take certain actions on our website or click to take an action on their website. Here is a list of our partners and here’s how we make money. It’s been one of the best decisions I’ve made when it comes to making sure my accounting is on point.
Accounting softwarethat works as hard as you do
With a Pro Plan subscription, you can connect your bank account with Wave and automatically import your transactions. Enable invoice payments through credit card, bank and Apple Pay. Pay per use so you’re only charged when technology clients use this feature. Show clients they’re in good hands by sending business invoices, estimates, and receipts. Automate overdue reminders and credit card payments to reduce friction and focus on the work. For example, QuickBooks Online doesn’t have a free plan, but offers four paid plans, each with additional features, making it a great choice for scalability.
It’s always available, and it’s backed up for extra peace of mind. Our servers are protected physically and electronically. Any connections between you, your bank accounts, and Wave are protected by 256-bit SSL encryption. Create beautiful invoices, accept online payments, and make accounting easy—all in one place. Wave was designed specifically for small business owners like you – no CPA required. With our intuitive dashboard, you’ll be a money management pro in no time.
Make tax time easier. Our bookkeeping software keeps your records updated and categorized. Get started for free.
For small businesses any larger than that, however, Wave is limited. Unlike competitors, Wave doesn’t offer many advanced features to increase the software’s functionality. It’s also missing an audit trail and third-party integrations. Can manage multiple businesses for free under one account; lacks project tracking tools, industry-specific reports and transaction tracking tags. Yes, switching from other accounting apps or products to Wave is easy! See our step-by-step guide on how to import bookkeeping data into Wave here.
We provide different levels of support for customers who use different a look at the cash conversion cycle features and services from Wave. Full details on how Wave support works are available here. Instant Payout is an additional service offered by Wave subject to user and payment eligibility criteria. A 1% fee is applied to the amount you withdraw from your available balance, in addition to regular processing fees. Deposits are sent to the debit card linked to your account in up to 30 minutes.
Includes tools that help automate the reconciliation process and auto-categorizes transactions for you in the Pro plan, but you can’t set up your own bank rules; no global search function. Set up recurring invoices for your finance clients and safely store credit card info so you have one less thing to keep track of. See sent, viewed, paid and overdue invoices in one place so you know which clients are on the right track or need a nudge.
