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. 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.
Wave Review (Formerly Wave Accounting)
While users never pay a monthly fee, they will have to pay a credit card processing fee of 2.9% plus 30 cents per transaction if they use Wave to process credit card payments. This fee can vary depending on the type of card the customer uses. 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.
See all Wave app features
- We spend hours researching and evaluating each accounting software system we review at Merchant Maverick, placing special emphasis on key characteristics to generate our ratings.
- The quick summary allows you to stay in control of your business finances, including a task list of outstanding items.
- Finally, if you need extra help with your bookkeeping, accounting, or taxes, Wave Advisors is a service you can add to your account.
- If you like do-it-yourself style learning, Wave University is the perfect place to discover what Invoice by Wave has to offer!
However, some features are noticeably missing, such as project management and budgeting, that are found with competing software options such as QuickBooks Online. 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.
- It’s great for creating and delivering invoices, though the analytics leave a little to be desired, as they don’t support custom reports.
- We want to make traveling as convenient as possible, therefore we offer an easy booking process as well as a smooth travel experience.
- If you’re on-the-go, you can also send invoices from your phone or other mobile device using the Wave app.
- Check out our comparisons among these top three accounting software options to find the right fit for your business.
- However, there are costs for optional features like payroll and payment processing.
The platform offers accounting and expense management as well, letting you manage your finances within the platform. We rank Wave third in our guide to the best small business accounting softwave, below only QuickBooks and Xero. The software also does not provide project management features. Users are not able to assign estimates to projects or track income and expenses by project.
Even more ways to get paid: Bank payments
Create and send customized invoices, estimates, and receipts in seconds. Track the status of your invoices and payments so you can stay on top of your cash flow. 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. An invoice by Wave won’t add tracked hours, won’t display discounts, and doesn’t allow file attachments. This makes Wave ultimately a middle-of-the-road service for invoice creation specifically. It’s not bad at all, but several services are better, with Zoho Invoice in particular coming out ahead – in fact, it supports every feature mentioned here.
Sign up for a Wave account so that everything flows right into your accounting records and your bookkeeping will be done for you. Merchant Maverick’s ratings are editorial in nature, and are not aggregated from user reviews. Each staff reviewer at Merchant Maverick is a subject matter expert with experience researching, testing, and evaluating small business software and services. The rating of this company or service is based on the author’s expert opinion and analysis of the product, and assessed and seconded by another subject matter expert on staff before publication. Merchant Maverick’s ratings are not influenced by affiliate partnerships. Xero also doesn’t support multiple businesses, so pricing can add up quickly for some users.
How can I send my customers an invoice?
While the free plan still exists, a paid plan is now available. By making things more convenient for your customers, they’re likely to pay you 3x faster.³Plus, you’ll enhance your brand and look more professional. 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.
This makes Wave a cost-effective solution for small businesses and freelancers who need basic financial management tools without a hefty price tag. Wave users can accept credit card payments over the phone, online or in person. Add a “Pay Now” button on invoices and you invoice by wave will automatically be able to receive Apple Pay, credit card payments and bank transfers. Money is typically deposited into accounts within two business days and all payments are recorded to have you set when tax season rolls around. Note that you will pay credit card processing fees on all applicable transactions. Still, Wave’s free plan offers a good set of features and could be suitable for sole proprietors or smaller businesses with basic accounting needs.
With our online payments feature, you can automate late payment reminders and let us be the bad guy. However, Wave doesn’t support additional report customization beyond these abilities. This is a bit of an oversight that puts Wave solidly below a handful of the top services – including FreshBooks, QuickBooks Online, Xero Invoice, and Square Invoices – when it comes to analytics.
Wave also handles general finance management, and with the right third-party integrations, it can support CRM, ecommerce, and email marketing as well. Know when an invoice is viewed, becomes due, or gets paid, so you can stay on top of your cash flow better than ever. The Wave app is the mobile companion to your desktop experience, helping you keep tabs on your biz— anytime, anywhere.
Sign up for Wave and send your first invoice right away—it only takes a few minutes! With the Pro Plan you can also set up recurring payments, auto-reminders, and deposit requests to make sure you always get paid on time. Every invoice paid means more revenue coming into your business. Create and send professional invoices to your customers in seconds.
If you’re looking for a deal, explore our flight sales and last minute flight deals today. Check out our comparisons among these top three accounting software options to find the right fit for your business. An additional fee applies for filing your taxes through this integration, which includes an automatic import of Wave data into H&R Block. Wave offers a variety of pricing plans to cater to different business needs. Below is a detailed breakdown of Wave’s plans, highlighting their key features for various business requirements.
Professional invoices, 100% free.
Once connected, you’ll be able to use the app for sending and duplicating receipts as well as mobile invoicing, which lets you create, customize, and send invoices straight from their mobile device. It also sends automatic notifications, letting you know immediately when an invoice is viewed, past due, or has just been paid. 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. Small businesses that plan to hire employees at some point might need to change accounting software systems in the future or upgrade to Wave Payroll. Create and send as many customized, professional invoices as you want with Wave’s free Invoice Generator. In a matter of seconds, and just a few clicks, you’ll have a free, professional invoice to send to your customers.
Prices apply to 2 nights stay departing between July 2024 and November 2024 from various UK departure airports with easyJet. EasyJet holidays Ltd (ABTA Y6633) is ATOL protected (11694). We’re not only committed to providing low-cost flight tickets, but also providing a great service to and from Europe’s top airports. At easyJet we’re not just an affordable airline but a service connecting businesses, families and holiday makers across the UK, France, Germany, Italy and other top European destinations.
