‎Wave: Small Business Software on the App Store

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. 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. The invoices can calculate taxes and create estimates, while offering multi-currency support – all useful features for a versatile invoicing service.

How do you get started with Wave Accounting?

They can receive “editor permissions” and access accounting and reports as well as purchases easily. See sent, viewed, paid and overdue invoices in one place so you know which clients are on the right track or need a nudge. We built our Payroll tool for small business owners, so it’s easy to use AND teaches you as you go. The app has a good-not-great ranking – 3.4 stars out of 5 on the Google Play store and 4.5 stars out of 5 on the Apple App Store, with thousands of reviews for each. Unlike a majority of its competitors, Wave does not have a comprehensive mobile app. While it does offer a free iOS and Android app, the app is limited in the number of features and functions.

Data safety

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.
Wave has helped over 2 million North American small business owners take control of their finances.
Our money management tools are easy to use separately and more powerful together.
In addition to its accounting software, Wave offers other paid services, including Wave Payments, Wave Payroll and Wave Advisors for bookkeeping support and accounting coaching.
Users can create reports to show month-to-month or year-to-year comparisons to easily identify cash flow trends.
Both QuickBooks and Invoice2go offer more comprehensive features like time tracking to easily record billable hours and export them into an invoice.

While its limitations do not make it an ideal solution for every business, Wave is a particularly appealing option for freelancers who are just starting out. Electronic invoices are created with online invoicing software or other cloud-based services, which makes it easy to automate the invoicing process. 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. In addition, Wave’s mobile app lets you send invoices and track payments on the go. The app offers a receipt scanning feature as well, but you have to pay a subscription fee to access it.

One click on the “Review & Pay” button in your invoice email.
Consult with your local tax department to determine which tax rate you’ll need to apply to your invoice.
Make a basic estimate below, or sign up for Wave to create a professional estimate that you can customize and send to prospects in seconds.
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.
These initial costs can be a barrier, especially if you’re part of a small business with limited budgets.
Thanks for using Wave to help you stay more in control of your business while on-the-go.

Invoice Delivery

While users never pay startup or monthly fees, Wave does charge a credit card processing fee of 2.9% plus 30 cents per transaction for most cards. This is a typical credit card processing fee that you’ll find on any platform. While the invoicing platform is not easy to integrate with popular third-party payroll apps like Gusto or OnPay, Wave does have its own payroll software.

What features should I look for in an accounting tool?

In just a few clicks, you’ll have a free, professional receipt to provide to your customers for their payments. Unlike standard digital invoices, which are often sent as PDFs via email, an e-invoicing system ensures invoices are structured in a way that allows for seamless automated processing, validation, and compliance. With Sage solutions, businesses can streamline invoicing and payments through digital invoicing solutions, while some industries may require fully structured e-invoicing for regulatory compliance. While some businesses may still deal with paper invoices, many now create digital invoices—typically PDFs—which are emailed to customers. This system is commonly used by large organizations that process high volumes wave app invoicing of invoices, ensuring seamless, automated transactions between compatible accounting systems.

Wave makes money through our optional, paid money management features include online payment processing, payroll software, and access to personalized bookkeeping services and coaching through Wave Advisors. These features help keep our invoicing, and accounting, free. Our accounting and invoicing features are currently free. If you’re interested in using payroll software, you can start a free 30-day trial when you sign up for Wave. Wave users can accept credit card payments over the phone, online or in person. Add a “Pay Now” button on invoices and you will automatically be able to receive Apple Pay, credit card payments and bank transfers.

If you want to take control of your invoicing, enhance electronic invoice processing, and ensure faster payments, Sage invoicing software provides the tools you need to simplify your billing process. For example, QuickBooks Online doesn’t have a free plan, but offers four paid plans, each with additional features, making it a great choice for scalability. With the higher-tier QuickBooks plans, you have access to inventory management, billable expenses and project profitability tools, none of which are offered with Wave. In addition to its accounting software, Wave offers other paid services, including Wave Payments, Wave Payroll and Wave Advisors for bookkeeping support and accounting coaching. With Wave, you can use dashboards to view cash balances and invoice statuses, or export your accounting reports covering profits and losses, sales tax, cash flow, and more. Wave does not charge a subscription or any hidden fees.

Wave offers the best free invoicing software we’ve researched. It’s great for creating and delivering invoices, though the analytics leave a little to be desired, as they don’t support custom reports. Plus, you’ll have to upgrade to the paid plan to access some key functions, including automatic transaction imports. Wave supports its own first-party payment processing, but won’t allow any third-party integrations to process payments through the Wave platform. The software design and intuitive interface make Wave simple to set up and easy to use, even for those with little previous accounting experience.