Once you’re approved, you can turn payments on or off for any invoice, or pick default settings for all invoices. See sent, viewed, paid and overdue invoices in one place so you know which clients are on the right track or need a nudge. See pending and completed payments from project-based and quarterly clients in one dashboard to identify revenue ebbs and flows and plan accordingly. With the Pro Plan, automatically import, merge, and categorize your bank transactions.

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 on one free account and uses double-entry accounting, which is ideal for accountants and tax time. With the Wave Money business banking account, managing your business finances is a breeze. Keep your business and personal finances separate, connect with your Wave accounting software to automate your books, and use your Wave Visa® Business Debit Card and virtual card anytime, anywhere.

Get your money into your pocket faster

Instant payouts is an additional service offered by Wave subject to user and payment eligibility criteria. A 1% fee is applied to the amount you withdraw from your available balance, in addition to regular processing fees. Deposits are sent to the debit card linked to your account in up to 30 minutes. Deposit times may vary due to processing cutoff times or third party delays.

• You work hard to make your business a success – that’s why Wave uses both physical and digital protection to keep your money safe.
• It also complies with accounting standards, uses double-entry accounting and helps automate the reconciliation process, which can help ensure accuracy and save you time.
• Once you’re approved, you can turn payments on or off for any invoice, or pick default settings for all invoices.
• Your deposit times may vary based on your financial institution.
• Speaking of passion, Zahir’s mad love for Canada’s own Vancouver Canucks follows him everywhere (including into his pocket⁠—check out his phone case if you get the chance!).

NerdWallet’s accounting software ratings favor products that are easy to use, reasonably priced, have a robust feature set and can grow with your business. Learn more about how we rate small-business accounting software. While Wave https://www.bookstime.com/ 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.

To download the app:

It’s also missing an audit trail and third-party integrations. See invoice summaries, tap into business reports, receive payment notifications and more using our highly-rated, free mobile app, available on iOS and Android. Set up recurring invoices for your finance clients and safely store credit card info so you have one less thing to keep track of.

• Save time when you send automatic payment reminders in your Wave account.
• One click on the “Review & Pay” button in your invoice email.
• Wave allows you to search transactions, design accounting reports and reconcile data across other Wave products.
• The most basic plan, Simple Start, costs $30 per month, and the top-tier Advanced plan costs $200 per month, which is a sizable investment if you’re running a business on a tight budget.
• See sent, viewed, paid and overdue invoices in one place so you know which clients are on the right track or need a nudge.
• Sage Accounting offers some of the least expensive accounting plans available and stands out for its in-depth inventory tracking.

Add credit cards and bank payments to get paid even faster, for a low, pay-per-use fee. 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. Wave Accounting offers free software, meaning you won’t need to submit a credit card or payment information to use it.

Similar apps

It also complies with accounting standards, uses double-entry accounting and helps automate the reconciliation process, which can help ensure accuracy and save you time. Once logged in, your main dashboard will show your cash flow, profit and loss, invoices, bills and other financial insights. From the dashboard (or the Banking menu on the left-hand side), you’ll be able to connect your bank and credit card accounts to automatically download and categorize your transactions. Our invoicing, online payments, accounting and bank connection features give you a unified view of your income and expenses – no need to log in to multiple apps or tools. Wave’s invoicing is free and unlimited, with three customizable templates and a user-friendly interface, putting it on par with some of the best invoicing software solutions for small businesses. Other capabilities include recurring invoicing and the option to let repeat clients opt into automatic credit card billing.

Only integrates with in-house apps, like Wave Payments and Wave Payroll; does not integrate with card readers for in-person payments. Allows an unlimited number of users, but is not complex enough for businesses with more than a handful of employees; ideal for very small service-based businesses, freelancers or contractors. Today’s leading accounting platforms offer standard security features, wave invoicing login such as data encryption, secure credential tokenization and more. While human error will always play some role in security breaches, you can be confident in your accounting platform when it comes to keeping your information safe. Once you sign up online, you can start using Wave’s features right away. All you have to do is share your business name, type, address and the currency you use.

Save time chasing customers by setting up automatic payment reminders. Compared with free software like Wave, QuickBooks plans are expensive. The most basic plan, Simple Start, costs $30 per month, and the top-tier Advanced plan costs $200 per month, which is a sizable investment if you’re running a business on a tight budget. You can invite your accountants, bookkeepers or other business partners to Wave via email and designate their user roles.