Free Accounting Software for Small Businesses

Wave also handles general finance management, and with the right third-party integrations, it can support CRM, ecommerce, and email marketing as well. Wave offers a handful of integrations with other types of services that small businesses are likely to need. Regardless of which options you're using for payments, the core invoicing ability that Wave offers remains free. If you’re on-the-go, you can also send invoices from your phone or other mobile device using the Wave app. I look at the dashboard and know how many invoices are on the way, when they should be paid, and the average time it takes someone to pay.

While Wave provides unlimited invoices, it might be best to look elsewhere if you are looking for more robust account software. Both QuickBooks and Invoice2go offer more comprehensive features like time tracking to easily record billable hours and export them into an invoice. For businesses that carry inventory, QuickBooks Online offers strong inventory tracking that alerts users when the inventory gets low. While Wave offers a basic inventory feature, it does not track stock within the software. The drawback of just offering one plan is that it limits room for growth.

Beautiful, professional invoicing

Support for non-paying users is limited to the chatbot and self-service Help Center. The developer, Petr Polasek, indicated that the app’s privacy practices may include handling of data as described below. Wave keeps up to date records so you’ll always have the info you need for filing – or sharing with your accountant.

  • 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.
  • I look at the dashboard and know how many invoices are on the way, when they should be paid, and the average time it takes someone to pay.
  • If you don't live in those states, Wave can still help by crunching the numbers to give you the correct tax information and money owed.
  • Before you commit to accounting software, it’s in your best interest to shop around and compare all your options.
  • Add credit card payments to get paid an average of 17 days faster.

There’s a fee involved with accepting online invoice payments, too. Customers can pay via credit card, bank payment or Apple Pay. One of Wave’s most popular invoicing features is the ability to create what is irs form 2553 user-friendly customizable templates. 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.

Invoicing software 
that’s easy and free

The Wave app lets you easily generate and send invoices to your clients wherever and whenever you need to. All your invoicing and payment information automatically syncs with the free Wave Accounting software included with your account. Save time chasing customers by setting up automatic payment reminders. Easily create, customize, and send professional invoices while on-the-go. To check if a plugin exists in an older version, scroll to the bottom of the older version’s download page. Current version licenses will activate older version software , if the product/s in question exists in this software version.

Do I need to enter my credit card details to sign up to Wave?

Since this is less useful, the service will be $15 per month cheaper. The break down of the transaction costs and what features you'll get can be a bit complicated, so read on for a full summary, as well as the pricing behind Wave's Payroll add-on. Save time and take even more work off your hands by trying our free automated invoicing and powerful accounting.

FreshBooks has an excellent mobile app that allows you snap photos of receipts, send invoices and track mileage. Wave Accounting is ideal for micro businesses with less than 10 employees, contractors, freelancers and other service-based businesses on a budget. The free financial management software is user-friendly and equipped with all the basics, including income and expense tracking, bank connections, invoicing and reporting. Yes, Wave does not charge a subscription or any hidden fees. While users never pay startup or monthly fees, Wave does charge a credit card processing fee of 2.9% plus 30 cents per transaction for most cards. This is a typical credit card processing fee that you’ll find on any platform.

Accept credit cards

Also, Wave Accounting only offers self-serve customer support. 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. Save time when you send automatic payment reminders in your Wave account. Whenever a payment is due, your customers will get an email reminder. Sage Accounting offers some of the least expensive accounting plans available and stands out for its in-depth inventory tracking.

Add credit card payments to get paid an average of 17 days faster. The platform offers accounting and expense management as well, letting you manage your finances within the platform. We rank Wave third in our guide to the best small business accounting softwave, below only QuickBooks and Xero. The Wave platform has high invoicing functionality and great customer service options, even if a few features are limited.

You’re our first priority.Every time.

We offer payroll services in Canada and the U.S. at a super affordable price. Every invoice paid is positive incoming revenue for your business. Wave’s invoice software enables you to easily create and send professional invoices, with advanced features like recurring billing and automatic payments. Easy invoicing on the go for freelancers, consultants, contractors and small business owners. Electronic invoices are created with online invoicing software or other cloud-based services, which makes it easy to automate the invoicing process.

Add online payments to your invoices

You can connect nearly 10,000 different bank and credit card accounts with Wave, so your financial transactions import automatically to make your bookkeeping simple. Enable invoice payments through credit card, bank and Apple Pay. Pay per use so you’re only charged when technology clients use this feature. Enable invoice payments by credit card for a pay-as-you-go fee as low as 2.9% + 60¢, and watch the money roll in.

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