The lack of these features brought our score in this category to 3 out of 5 stars. Some features are also only available on the paid Wave Pro plan. 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. The best accounting software received top marks when evaluated across 10 categories and more than 30 subcategories. Learn more men and boys about how we rate small-business accounting software. Wave holds its own against two of its biggest competitors, QuickBooks Online and Xero.
Pricing and features
Any connections between you, your bank accounts, and Wave are protected by 256-bit SSL encryption. Overall, we rate Wave 3.9/5 and recommend it for business owners looking for a cheap — or in most cases, free — accounting software option. Users of the free plan are limited to using Wave’s Help Center or Mave, the support chatbot. Fortunately, the Help Center provides plenty of guides and information to help with most issues, and the software is intuitive enough that this support option will be sufficient for most users. Our partners cannot pay us to guarantee favorable reviews of their products or services. You work hard to make your business a success—that’s why Wave uses both physical and digital protection to keep your money safe.
Customizable invoicing
- Wave offers a decent number of support resources to customers, but the response times can be slow.
- Our partners cannot pay us to guarantee favorable reviews of their products or services.
- Wave’s smart dashboard organizes your income, expenses, payments, and invoices.
- These factors contributed to our rating of 4.4/5 for Wave’s pricing and fees.
- QuickBooks Online also has hundreds of integrations, connecting your accounting solution with other small business software and apps.
- You work hard to make your business a success—that’s why Wave uses both physical and digital protection to keep your money safe.
Since you’re self-employed you don’t have the resources of a large company to make sure you’re paid properly and your books are balanced. Wave accounting software is the solution you need to take charge of your business and keep your hard-earned money safe. Keep your income flowing with the help of flexible payment options, and money transfers in as little as two days. Access your books at home or on-the-go, track business-related expenses like travel and office supplies, and set up the systems you need to take control of your cash flow and keep more of your money. As a self-employed professional, your flexibility is a huge advantage, so you need financial processes that are as flexible as you are. Wave’s accounting software is designed for self-employed people and freelancers like you, and can be easily customized for any size business and any type of goods or services you provide.
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We deliver timely updates, interesting insights, and exclusive promos to your inbox. Want to look more polished, save more time, and conquer cash flow? QuickBooks Online’s today is the tax deadline detailed reporting and transaction tracking is ideal for growing businesses.
These solutions are integrated within your dashboard and you’ll access them both through your single Wave login. Includes tools that help automate the reconciliation process and auto-categorizes transactions for you in the Pro plan, but you can’t set up your own bank rules; no global search function. Create graphs, charts, and dashboards to see at a glance where your income is coming from and which expenses are cutting into your bottom line. You can then dig down as deep as you like with expense tracking and customized reports to manage your revenue, categorize expenses, and find cost-cutting opportunities. You’ll also experience peace of mind knowing your personal financial information is backed-up and secure.
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. Here is a list of our partners and here’s how we make money. The vendors that appear on this list were chosen by subject matter experts on the basis of product quality, wide usage and availability, and positive reputation. Let us know how well the content on this page solved your problem today.
For a free software program, Wave boasts an impressive, robust feature net accumulated loss is shown on the asset side in the balance sheet. is it an asset set that rivals even some paid accounting software programs. Visit your dashboard or use your invoicing or accounting features, and click the peach “Upgrade now” button. Learn more about changing subscription periods and plan types, and how to cancel your Pro subscription in our Help Centre. Similar to other reputable cloud-based accounting software products, Wave encrypts the data you share with it and monitors its server facilities 24/7. Can manage multiple businesses for free under one account; lacks project tracking tools, industry-specific reports and transaction tracking tags. Have an eye on the big picture so you can make better business decisions.