Compared with free software like Wave, QuickBooks plans are expensive. The most basic plan, Simple Start, costs $30 per month, and the top-tier Advanced plan costs $200 per month, which is a sizable investment if you’re running a business on a tight budget. This may influence which products we review and write about (and where those products appear on the site), but it in no way affects our recommendations or advice, which are grounded in thousands of hours of research.
Wave Accounting pros
Wave’s introduction of a second plan on top of its free accounting tool makes it a more scalable solution than its previous one-plan-only structure. Still, with just one paid plan, Wave can’t accommodate growing businesses the way multiplan competitors like QuickBooks Online, FreshBooks or Zoho Books can. Most popular accounting tools have at least a handful of built-in app integrations that make connecting with third-party services as painless as possible. For instance, Xero and FreshBooks’ native Gusto integrations ensure the accounting and payroll software sync with each other problem-free. Wave’s invoices are easy to customize with your business’s logo, colors and contact information.
Invoice on-the-go and get paid faster
With the Pro Plan, automatically import, merge, and categorize your bank transactions. It’s always available, and it’s backed up for extra peace forensic audit guide of mind. We built our payroll tool for small business owners, so it’s easy to use AND teaches you as you go. Give your customers the option of paying with one click using a credit card, bank transfer, or Apple Pay. No, Wave Accounting does not include built-in inventory tracking or management.
Wave Accounting Review 2024: Pros, Cons, Alternatives
To learn more about how we rate and review our software, including how we calculate star ratings for each brand we review, read our software review methodology overview. Support for non-paying users is limited to the chatbot and self-service Help Center. Only integrates with in-house apps, like Wave Payments and Wave Payroll; does not integrate with card readers for in-person payments.
Wave has helped over 2 million small business owners in the US and Canada take control of their finances. Monitor your cash flow, stay organized, and stop sweating tax season. It’s been one of the best decisions I’ve made when it comes to making sure my accounting is on point.
With Wave, you can send an unlimited number of invoices to an unlimited number of clients each month. This app is super helpful, the main issue what are the reasons for a stock dividend instead of a cash dividend I have while using it is the lag. When inputting information the character count for it is super slow/delayed to where it forces me to stay on a certain page until it registers that information has been inputted. After inputting information and trying to click done at the bottom it will not register unless I swipe the keyboard away.
Organized and stress-free small business accounting
- These ratings are meant to provide clarity in the decision-making process, but what’s best for your business will depend on its size, growth trajectory and which features you need most.
- In our Wave Accounting review below, we’ll cover Wave’s features, add-ons, pros and cons to help you decide.
- The software is PCI Level-1 certified for processing bank account and credit card information.
- Customers can pay via credit card, bank payment or Apple Pay.
Yes, Wave Accounting is safe and secure to use for bookkeeping. The software is PCI Level-1 certified for processing bank account and credit card information. Wave’s stored bank data relies on 256-bit encryption, and Wave states that its servers are both physically and virtually secured. FreshBooks came to life as an invoice- and billing-specific software program that expanded into a total accounting solution. Its customizable invoices are at least as easy to generate as Wave’s invoices, and FreshBooks offers even more invoice automations than Wave or QuickBooks, such attention required! cloudflare as automatic late-fee additions for overdue invoices. Higher-tier QuickBooks Online plans include bill tracking, project profitability data, inventory management, employee expense tracking and more.
Have an eye on the big picture so you can make better business decisions. Our robust small business accounting reports are easy to use and show month-to-month or year-to-year comparisons so you can easily identify cash flow trends. We provide different levels of support, depending on the plan and/or the add-on features you choose. For a limited time, new Wave Pro users can accept Visa, Mastercard and Discover payments at a discount.
«It’s not just a cool piece of software, it is giving peace of mind to people.” You deserve to know your taxes aren’t something you have to sweat over the entire calendar year.»