While Wave offers a basic inventory feature, it does not track stock within the software. Wave’s business reports are on par with some of the top invoicing solutions companies for small businesses. Users can create reports to show month-to-month or year-to-year comparisons to easily identify cash flow trends. You can also receive unlimited income and expense tracking data, instant updates for invoicing, payroll and payments data and profit/loss reports. Wave offers a decent range of invoice creation tools and abilities. While the number of core templates is a little low at just three, you’ll be able to add a company logo, customize colors, and include customer notes.
App support
Invoice by Wave, our full featured invoicing software, is also completely free and unlimited. In addition to creating invoices, Wave gives users the ability to create estimates for potential clients. Once those estimates are approved, they can easily be transformed wave invoicing login into invoices with the click of a few buttons. Email invoices with a secure “Pay Now” button after you’ve enabled the online payments option. We provide different levels of support, depending on the plan and/or the add-on features you choose.
Processing fees
Learn more about how we rate small-business accounting software. 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. Wave Accounting is ideal for micro businesses with fewer than 10 employees, contractors, freelancers and other service-based businesses on a budget.
Bank payments(ACH/EFT)
- Easily monitor and keep track of what’s going on in your business with the intuitive dashboard.
- Our (non-judgmental) team of bookkeeping, accounting, and payroll experts is standing by to coach you—or do the work for you.
- While several accounting software services provide a free version of their software, the free version usually limits the number of users, number of invoices per month and integrations.
- We provide different levels of support, depending on the plan and/or the add-on features you choose.
- With the Pro Plan, automatically import, merge, and categorize your bank transactions.
However, like most products with free plans, Wave has its limitations, especially compared to more scalable small-business accounting software. 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. That’s not the case with Wave—it provides one plan with an unlimited number of users, invoices, credit card connections and reports for free.
- Once you’ve created an invoice with our invoice generator, you’ll be able to download a PDF copy of the invoice or get the PDF emailed to you directly.
- If you need to manually edit, add or remove any transactions, you can do so on the Reconciliation or Transactions pages.
- 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.
- This app is super helpful, the main issue I have while using it is the lag.
- Check out more of our invoicing tools that can help you run your business more efficiently.
It’s also missing an audit trail and third-party integrations. 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. The fact that Wave lets users create and send unlimited invoices and receive payment straight from the invoices for free makes it perfect for freelancers.
The invoices can calculate taxes and create estimates, while offering multi-currency support – all useful features for a versatile invoicing service. 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. Create beautiful invoices, accept online payments, and make accounting easy—all in one place—with Wave’s suite of money management tools. Wave supports its own first-party payment processing, but won’t allow any third-party integrations to process payments through the Wave platform. Wave does not charge a subscription or any hidden fees.
The financial management software is user-friendly and equipped with all the basics, including income and expense tracking, invoicing and reporting. This app is super helpful, the main issue I have while using it is the lag. When inputting information the character count for it is super slow/delayed to where it forces me to stay on a certain page until it registers that information has been inputted. After inputting information and trying to click done at the bottom it will not register unless I swipe the keyboard away. Clicking done in the top right corner works half the time, with it also glitching and forcing me to start over everything by taking me back to whatever page I was on prior to creating a new contact or new invoice.
Good but the app is laggy
Once logged in, your main dashboard will show your cash flow, profit and loss, invoices, bills and other financial insights. 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.
