Digital invoicing empowers your small business by automating invoice processing and saving time by tracking key invoice data like upcoming and outstanding invoices. 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. With Wave’s web-based invoicing software, you can create and send invoices for your business in just a few clicks from your computer. If you’re on-the-go, you can also send invoices from your phone or other mobile device using the Wave app. Wave also offers a free app to help you manage your asc 606 revenue recognition series invoices on the go. With Wave Invoicing, you’ll be able to track, edit, send and pay invoices from any mobile device.
You can invite your accountants, bookkeepers or other business partners to Wave self-employment via email and designate their user roles. They can receive “editor permissions” and access accounting and reports as well as purchases easily. Explore more details on the competition in our full roundup of the best accounting software for small businesses. Also, Wave Accounting only offers self-serve customer support.
Money management app on iOS and Android
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 don’t see yourself expanding in the foreseeable future, you’ll find this completely free, easy-to-use software particularly appealing. Since you don’t have to pay anything to get started, it’s certainly worth trying out. 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. Manually creating invoices in Microsoft Word or Excel can be time-consuming and difficult to manage.
Add credit card payments to get paid faster and stop chasing customers with auto-reminders
Wave’s software is simpler—designed for easy use for freelancers and small businesses—while QuickBooks’ platform is designed to cover complex business needs and grow as your business grows. If you’re a freelancer or other solo service provider, Wave is a better option. Easily create, customize, and send professional invoices while on-the-go. The Wave app lets you easily generate and send invoices to your clients wherever and whenever you need to.
- If you’re a freelancer or other solo service provider, Wave is a better option.
- This is particularly true if you don’t have much accounting experience and would like an easy-to-use, fully functional tool.
- With Wave’s Pro Plan, you can set up recurring invoices and automatic credit card payments for your repeat customers.
- Monitor your cash flow, stay organized, and stop sweating tax season.
Data safety
Simply enter your email address after completing the steps to generate a receipt and you’ll receive a PDF version of the receipt that can be sent to your customer. You can also download the PDF copy of your receipt to be printed out and mailed to customers. Know when an invoice is viewed, becomes due, or gets paid, so you can take the right actions to manage your cash flow.
While Wave is free to use, it doesn’t offer multiple plans to increase its functionality. It lacks some of the useful features you may find in other accounting software, such as project management, time tracking and inventory management. Our 100% free invoicing software makes it easy to send automated receipts to your customers every time they make a payment. It’s easy to send your receipts created with Wave’s receipt maker.
For more information, see the developer’s privacy policy. Ready to invoice in style, bookkeep less, and get paid fast? “It’s not just a how do i get and provide a void cheque 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.” “Wave invoicing makes your life a whole lot easier and takes that worry off you. I’ve tried Quickbooks—it’s a bit more complicated and technical, and takes more time to set up.”
Wave Accounting offers free software, meaning you won’t need to submit a credit card or payment information to use it. It can help you manage your bookkeeping, accounting and invoicing processes through a few internal integrations. If you’re a small business owner in search of free, cloud-based accounting software, Wave Accounting is worth considering. This is particularly true if you don’t have much accounting experience and would like an easy-to-use, fully functional tool. 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.
