All payments are subject to a risk review and periodic credit risk assessments are done on business owners because we need to cover our butts (and yours). In some cases, we may hold funds and request more information if we need it for the protection of your business and Wave’s. You can mark invoices paid on the spot, so your records are instantly up to date. Accept payments through credit cards and bank payments to get paid even faster, for a low, pay-per-use fee. Add credit cards and bank payments to get paid even faster, for a low, pay-per-use fee.
Quickly create and send unlimited invoices, look like a pro with customizable templates, and get paid fast with online payments. Both Wave and FreshBooks have excellent invoice templates that are easy to customize and send to clients. Both accounting products let you accept payments within the invoice, set up automatic recurring invoices and send payment deadline reminders. As a self-employed professional, your flexibility is a huge multi step income statement format 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. 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.
You’ll have all the information you need to ensure you don’t miss out on any tax incentives that could grow your business, minimize taxes, and help you keep more of your money. 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.
Wave has helped over 2 million small business owners in the US and Canada take control of their finances. Automate the most tedious parts of bookkeeping and get more time for what you love. This will help us provide you with customized content.
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. When everything is neatly where it belongs, tax time is simple. Wave’s smart dashboard organizes your income, expenses, payments, and invoices.
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.
- Easily monitor and keep track of what’s going on in your business with the intuitive dashboard.
- Learn more about changing subscription periods and plan types, and how to cancel your Pro subscription in our Help Centre.
- You can effectively analyze the financial health of your business, find ways to generate more profit, and move forward with your business plan.
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. Have an eye on the big picture so you can make better business decisions. Our robust small business accounting reports are easy to use and show month-to-month or year-to-year comparisons so you can easily identify cash flow trends. We provide different levels of support, depending on the plan and/or the add-on features you choose.
Organized and stress-free small business accounting
Powerful, easy-to-use accounting software that has everything you need to confidently run your business. You work hard to make your business a success—that’s why Wave uses both physical and digital protection to keep your money safe. Connect to your bank with read-only and 256-bit encryption. Wave is also PCI Level-1 certified, which is often necessary with third-party merchant service providers. 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. Give your customers the option of paying with one click using a credit card, bank transfer, or Apple Pay. Once you sign up online, you can start using Wave’s features right away.
Accept credit cards
The software includes only basic payroll features like paycheck calculation, direct deposit, access to one payroll report and end-of-year W-2 form generation. If you want multiple eyes on your accounts without paying extra, Xero has unlimited users. Zoho Books charges just $3 per month per extra user, and QuickBooks Online offers access for up to 25 users (depending on which plan you choose). However, the two tools differ in terms of how much they cost, how many automations they offer and which third-party apps they sync with for crucial tasks like payroll and time tracking. Keep your income flowing with the help of flexible payment options, and money transfers in as little as two days.
You can upgrade to Pro and add features as you need them, like bank account connections and real-time transaction updates, and you can easily make changes as your requirements change. Allow your customers to pay your invoices immediately via credit card, secure bank payment (ACH/EFT), or Apple Pay. Before you commit to accounting software, it’s in your best interest to shop around and compare all your options. Unlike QuickBooks and FreshBooks, Wave Accounting is completely free to use.
Get your money into your pocket faster
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. https://quickbooks-payroll.org/ Get your money faster when you offer customers the ability to pay directly from your invoices, starting at 2.9% + 60¢ per card transaction. Quickly build project estimates and professional invoices that reflect your business.
Apply to accept online payments
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. Approval to use online payments is subject to eligibility criteria, including identity verification and credit review. You’ll need to answer a few questions about your business and provide us with a little more information about yourself in order to get approved to accept online payments. To compare Wave Accounting vs. FreshBooks, we created free accounts with both services so we could test each tool’s user-friendliness, features, and mobile apps. We viewed demos and product specs on both competitors’ sites. Wave and FreshBooks handle the same basic bookkeeping tasks, from invoicing and billing to expense tracking and beyond.
FreshBooks, which starts at $19 a month, has more expansive invoicing features and multiple plans that scale up to support growing and midsize businesses. Wave allows you to search transactions, design accounting reports and reconcile data across other Wave products. Plus, you can calculate sales tax automatically, customize payment terms and enjoy access to easy-to-understand cash flow insights. It also features a well-laid-out, clutter-free dashboard with individual tabs for sales, purchases, accounting, banking, payroll and reports. Our accounting and invoicing features are currently free.
All you have to do is share your business name, type, address and the currency you use. Easily create, customize, and send professional invoices while on-the-go. Your complete invoicing and billing process is now on your phone. Setting up a free account is the ideal first step toward finding accounting software that will help you meet — and even exceed — your financial goals.
Upload your logo, add customer info, share notes, and set net payment terms with ease. Wave Accounting’s only built-in integration is with its payroll product, Wave Payroll. And while Wave Payroll is perfectly serviceable, that’s about all it is.
To download the app:
Pro plan users can access live customer service during business hours on weekdays, but support is limited to email and live chat only. Phone-based customer support isn’t available with any Wave Accounting or Wave Payroll plan. We provide different levels of support for customers who use different features and services from Wave.