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. While users never pay startup or monthly fees, Wave does charge a credit card processing fee of 2.9% plus 30 cents per transaction payroll for most cards. This is a typical credit card processing fee that you’ll find on any platform.
Can I import my data from other accounting apps like Quickbooks?
If you don’t live in those states, Wave Retail Accounting can still help by crunching the numbers to give you the correct tax information and money owed. Since this is less useful, the service will be $20 per month cheaper. Only integrates with in-house apps, like Wave Payments and Wave Payroll; does not integrate with card readers for in-person payments. 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.
- The fact that Wave lets users create and send unlimited invoices and receive payment straight from the invoices for free makes it perfect for freelancers.
- This makes sense – after all, Wave wants to guide all its free users towards its own payment processing fees – but it’s a restriction that will annoy any small business that’s already happy with another payment service.
- But it’s not the only option, and quite a few others offer more complex invoice creation abilities, or more comprehensive reporting and analytics.
- 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.
- You can effectively analyze the financial health of your business, find ways to generate more profit, and move forward with your business plan.
See all payments features
Wave also offers a free app to help you manage your invoices on the go. With Wave Invoicing, you’ll be able to track, edit, send and pay invoices from any mobile device. In addition, Wave allows you to manage multiple businesses wave invoicing login on one free account and uses double-entry accounting, which is ideal for accountants and tax time.
How is a digital invoice different from a paper-based invoice?
Once those estimates are approved, they can easily be transformed into invoices with the click of a few buttons. NerdWallet independently reviews accounting software products before determining our top picks. We collect the data for our software ratings from products’ public-facing websites and from company representatives.
Do you provide customer support?
You can also receive unlimited income and expense tracking data, instant updates for invoicing, payroll and payments data and profit/loss reports. 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.
What if I just want to try Wave to see if it works for my business?
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. Zoho Books offers a robust free plan, along with a range of paid plans that feature workflow automation.
