Wave’s invoicing software for small businesses removes the worry of making these errors because calculations are done for you, including the taxes. The Wave app lets you easily generate and send invoices to your clients wherever and whenever you need to. Your complete invoicing and billing process is now on your phone. Create, customize, and send invoices from anywhere. With a Pro Plan subscription, you can connect your bank account with Wave and automatically import your transactions.

Customers can click a Pay Now button on invoices and pay instantly by credit card, secure bank payment (ACH/EFT), or Apple Pay. You can accept credit cards and bank payments for as little as 1%2 per transaction. You can effectively analyze the financial health of your business, find ways to generate more profit, and move forward with your business plan. It’s hard to beat free accounting software, especially if you’re running a small business on a budget. Wave’s free plan offers a decent number of features, like unlimited invoices, that are not always included with other free accounting software options, let alone paid accounting software plans. It also complies with accounting standards and uses double-entry accounting, which can help ensure accuracy.

  1. All you need is an Internet connection and a browser!
  2. QuickBooks Online’s detailed reporting and transaction tracking is ideal for growing businesses.
  3. Our (non-judgmental) team of bookkeeping, accounting, and payroll experts is standing by to coach you—or do the work for you.
  4. Strong invoicing feature competes with that of paid products; app lets users send invoices on the go; offers significantly fewer reports than competitors; no inventory tracking.
  5. Set up recurring invoices and automatic credit card payments for your repeat customers and stop chasing payments.

Moreover, you can integrate QuickBooks with hundreds of third-party tools available in the app marketplace. There are also add-on Intuit services like QuickBooks Payroll or QuickBooks Time. Includes tools that help automate the reconciliation process and auto-categorizes transactions for you https://quickbooks-payroll.org/ in the Pro plan, but you can’t set up your own bank rules; no global search function. We believe everyone should be able to make financial decisions with confidence. Our (non-judgmental) team of bookkeeping, accounting, and payroll experts is standing by to coach you—or do the work for you.

Wave’s invoicing is free and unlimited, with customizable templates and a user-friendly interface, putting it on par with some of the best invoicing software solutions for small businesses. Pro plan capabilities include recurring invoicing and the option to let repeat clients opt into automatic credit card billing. 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. There’s a fee involved with accepting online invoice payments, too. Customers can pay via credit card, bank payment or Apple Pay.

Look professional with customizable invoices

Set up recurring invoices and automatic credit card payments for your repeat customers and stop chasing payments. Accounting software helps business owners understand how money flows in and out of their businesses. This can help you save time and make financial decisions quickly. Get paid in as fast as 1-2 business days1, enhance your brand, and look more professional when you enable payments.

See all small business payroll features

We’ve also crafted a guide to small business payroll to help you navigate the process. Bank data connections are read-only and use 256-bit encryption. Servers are housed under physical and electronic protection. Wave is PCI Level-1 certified for handling credit card and bank account information.

Wave Accounting is ideal for micro businesses with fewer than 10 employees, contractors, freelancers and other service-based businesses on a budget. The financial management software is user-friendly and equipped with all the basics, including income and expense tracking, invoicing and reporting. Wave invoices are integrated with our free accounting software, so payments are recorded and categorized for you – which means less bookkeeping and tax season prep. With a Wave Pro subscription, you’ll have recurring billing and other automation features. Schedule everything, from invoice creation and invoice sending, to payment collection and overdue payment reminders. You don’t have to wait for a new quarter or year to start using payroll software—you can start running payroll at any time!

We built our Payroll tool for small business owners, so it’s easy to use AND teaches you as you go. Wave Payroll supports paying both employees and independent contractors when you run payroll. The proper tax forms—1099 in the US and T4-A in Canada—are also generated for you.

Not to mention the stress of worrying about making errors and winding up in a tax audit (yikes!). Automated, accurate payroll helps you stay compliant, save time, and be stress-free. Easily create, customize, and send professional invoices while on-the-go. Zoho Books offers a robust free plan, along with a range of paid plans that feature workflow automation.

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. Sign up for Wave and send your first invoice right away—it only takes a few minutes! With the Pro Plan you can also set up recurring payments, auto-reminders, and deposit requests to make sure you always get paid on time. Know when an invoice is viewed, becomes due, or gets paid, so you can take the right actions to manage your cash flow.

Monitor your cash flow, stay organized, and stop sweating tax season. Say #sorrynotsorry to your spreadsheets ‎ezclocker personal timecard on the app store and shoeboxes. Send invoices whenever and wherever you want with Wave’s free app for iOS and Android.

Deposit payments quickly, reliably, and directly into your employees’ bank accounts. 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. FreshBooks is an affordable option for freelancers and small service-based businesses that operate mostly on the go. 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. Our partners cannot pay us to guarantee favorable reviews of their products or services.

Best Free Accounting Software for Small Businesses

And, in the long run, an online payroll software provider like Wave can save you a lot of money by reducing human error so you can avoid tax penalties (and who doesn’t love saving money?). 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. We encourage you to research and compare multiple accounting software products before choosing one. We provide different levels of support, depending on the plan and/or the add-on features you choose.

Save time when you send automatic payment reminders in your Wave account. Whenever a payment is due, your customers will get an email reminder. All your invoicing and payment information automatically syncs with Wave’s accounting feature. These 14 states include tax services with the option to automatically transfer tax payments and file the paperwork with your state tax office and the IRS (this excludes 1099 Filings).

Allow your customers to pay your invoices immediately via credit card, secure bank payment (ACH/EFT), or Apple Pay. ‍2 Rates are 1% for bank payments (minimum fee of $1). For information on credit card rates, visit Pricing for details. Upon processing your first payroll, you can use Wave Payroll for up to 30 days, commitment-free. At any time, you can activate to start your billing cycle and gain access to items like tax filing and approving payrolls beyond the current month. See our full US terms here, and our full Canadian terms here.

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. Electronic invoices are created with online invoicing software or other cloud-based services, which makes it easy to automate the invoicing process. Electronic invoices also provide small business owners with professional-looking digital invoices that their customers can pay easily online through a system like Wave’s online payments.

“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.” It’s been one of the best decisions I’ve made when it comes to making sure my accounting is on point. Ready to invoice in style, bookkeep less, and get paid fast?