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Wave Accounting Review: Pros, Cons, Alternatives

Create beautiful, custom invoices from templates with easy drag-and-drop editing. 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. Know when an invoice is viewed, becomes due, or gets paid, so you can stay on top of your cash flow better than ever. Wave has helped over 2,000,000 North American small business owners take control of their finances.

To insert your own logo, click on the “Choose File” button in the section that says “Upload your company logo here”. Then our invoice generator will create an invoice with your company’s logo on it. The rich text element allows you to create and format headings, paragraphs, blockquotes, images, and video all in one place instead of having to add and format them individually. Check out more of our invoicing tools that can help you run your business more efficiently. We’ll ask you to verify your identity, answer a few questions about your business, and where you’d like the deposits to go. Wave keeps up to date records so you’ll always have the info you need for filing – or sharing with your accountant.

Make it easier for your customers to pay you right from their bank account. Unlimited invoicing, accounting, and expense tracking are included, 100% free. Your complete invoicing and billing process is now on your phone.

There’s a fee involved with accepting online invoice payments, too. Customers can pay via credit card, bank payment or Apple Pay. Electronic invoices are created with online invoicing software or other cloud-based services, which makes it easy to automate the invoicing process.

Get paid online

Once invoices have been sent, you can easily track the status of each invoice to see if they are viewed, unpaid or Overdue. All payment information automatically syncs with the free Wave Accounting software included in your available for sale securities definition service, making accounting easy. In addition, Wave’s mobile app lets you send invoices and track payments on the go. The app offers a receipt scanning feature as well, but you have to pay a subscription fee to access it.

  • Both QuickBooks and Invoice2go offer more comprehensive features like time tracking to easily record billable hours and export them into an invoice.
  • Not only can you customize the invoices to fit your brand, but you can also set up recurring invoices and automate credit card payments for repeat customers.
  • Xero lets you add unlimited users in all plan tiers and, similar to QuickBooks Online, can grow alongside your business.

It’s one of the only truly free options on the market and can allow you to manage your accounting processes in one convenient place. Online payments allows you to get paid quickly by bank deposit, credit card, and Apple Pay. Sage Accounting offers some of the least expensive accounting plans available and stands out for its in-depth inventory tracking. While Wave has a lot to offer when it comes to invoicing, know that it’s still slightly less automated than some competitors. This isn’t necessarily a deal-breaker, but it might require a bit more bookkeeping work.

Invoice, scan receipts & more

Unlike QuickBooks and FreshBooks, Wave Accounting is completely free to use. It can allow you to manage all your accounting processes without paying a dime. It’s also intuitive so you don’t need to be an accountant to use it successfully. Also, Wave Accounting only offers self-serve customer support.

Fantastic mobile companion for Wave users

Our bookkeeping and banking tools can be used separately or together for maximum control of your business finances. Fast, free, beautiful invoicing for small business owners is here. One click on the “Review & Pay” button in your invoice email.

Apply to accept online payments

If you have a question or issue, you can browse the help center or reach out to Mave, the automated chatbot. If you do want live support, you’ll need to invest in an Advisor or paid service. Invoice by Wave, our full featured invoicing software, is also completely free and unlimited. Simply email your customers an invoice and they can use the secure “Pay Now” button to send over your payment. Although accounting and invoicing are separated into two different product sections on the Wave website (shown similarly below), they don’t require separate accounts.

Save time chasing customers by setting up automatic payment reminders. 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. 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.

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