You can effectively analyze the financial health of your business, find ways to generate more profit, and move forward with your business plan. Manually creating invoices in Microsoft Word or Excel can be time-consuming and difficult to manage. Digital invoicing empowers your small business by automating invoice processing and saving time by tracking key invoice data like upcoming and outstanding invoices. You can also manage late payments more efficiently through e-invoicing by setting up payment reminders to send to your customers before an invoice due date. With Wave’s Pro Plan, you can set up recurring invoices and automatic credit card payments for your repeat customers.
- This can help you save time and make financial decisions quickly.
- FreshBooks is an affordable option for freelancers and small service-based businesses that operate mostly on the go.
- “Wave invoicing makes your life a whole lot easier and takes that worry off you. I’ve tried Quickbooks—it’s a bit more complicated and technical, and takes more time to set up.”
- With Wave’s web-based invoicing software, you can create and send invoices for your business in just a few clicks from your computer.
If you need to manually edit, add or remove any transactions, you can do so on the Reconciliation or Transactions pages. Next, you can add sales tax (if necessary), create customer profiles and customize your invoice templates. This may influence which products we review and write about (and where those products appear on the site), but it in no way affects our recommendations or advice, which are grounded in thousands of hours of research. Our partners cannot pay us to guarantee favorable reviews of their products direct marketing sales strategy or services. We believe everyone should be able to make financial decisions with confidence. Give your customers the option of paying with one click using a credit card, bank transfer, or Apple Pay.
Accountant-friendly software
Zoho Books offers a robust free plan, along with a range of paid plans that feature workflow automation. FreshBooks is an affordable option for freelancers and small service-based businesses that operate mostly on the go. Moreover, you can integrate QuickBooks with hundreds of third-party tools available in the app marketplace.
Our servers are protected physically and electronically. Any connections between you, your bank accounts, and Wave are protected by 256-bit SSL encryption. The rate that you charge for your freelancing services can vary, so it’s important to get a grasp of market trends before sending your clients an invoice or quoting a price. Freelance rates can differ depending on experience level and industry. For example, the rate a freelance web developer charges may be different than that of a freelance graphic designer, because each freelancer specializes in bench bookkeeping review a different area.
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. 2 Rates are 1% for bank payments (minimum fee of $1). For information on credit card rates, visit Pricing for details. A common issue when invoicing in Microsoft Word, Excel, or other DIY solutions is making calculation errors.
Accept payments online
Wave also offers paid products for payroll, coaching and mobile receipt scanning. Once logged in, your main dashboard will show your cash flow, profit and loss, invoices, bills and other financial insights. Create beautiful invoices, accept online payments, and make accounting easy—all in one place—with Wave’s suite of money management tools. With Wave’s web-based invoicing software, you can create and send invoices for your business in just a few clicks from your computer. All you need is an Internet connection and a browser!
Manage your money like a boss.
Set up invoice reminders to automatically email your customers when payment is due. Every invoice paid means more revenue coming into your small business. Create and send professional invoices to your customers in seconds. When everything is neatly where it belongs, tax time is simple.
Organized and stress-free small business accounting
Unlike competitors, Wave doesn’t offer many advanced features to increase the software’s functionality. It’s also missing an audit trail and third-party integrations. Can manage multiple businesses for free under one account; lacks project tracking tools, industry-specific reports and transaction tracking tags. Yes, switching from other accounting apps or products to Wave is easy! See our step-by-step guide on how to import bookkeeping quickbooks community data into Wave here.
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. 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. Wave’s invoicing is free and unlimited, with customizable templates and a user-friendly interface, putting it on par with some of the best invoicing software solutions for small businesses. Pro plan capabilities include recurring invoicing and the option to let repeat clients opt into automatic credit card billing.