Wave is a Canadian company that provides financial services and software for small businesses. Wave is headquartered in the East Bayfront neighborhood in Toronto, Canada. Keep your income flowing with the help of flexible payment options, and money transfers in as little as two days.
Add credit card payments to get paid faster and stop chasing customers with auto-reminders
Customers can click a Pay Now button on invoices and pay instantly by credit card, secure bank payment (ACH/EFT), or Apple Pay. You can accept credit cards and bank payments for as little as 1%2 per transaction. 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. Create beautiful invoices, accept online payments, and make accounting easy—all in one place—with Wave’s suite of money management tools.
Wave Invoicing
And by enabling Wave’s payments feature, you can accept credit cards and bank payments, and get paid out in as fast as 1-2 business days1. Wave Accounting’s Starter plan is free and its Pro plan, which includes more features, is $16 per month. Regardless of which you choose, you will have to pay processing fees to accept invoice payments online. Wave also offers paid products for payroll, coaching and mobile receipt scanning.
Organized and stress-free small business accounting
- Say #sorrynotsorry to your spreadsheets and shoeboxes.
- This isn’t necessarily a deal-breaker, but it might require a bit more bookkeeping work.
- Our accounting and invoicing features are currently free.
- It’s always available, and it’s backed up for extra peace of mind.
- In February 2012, Wave officially launched Wave Payroll to the public in Canada,[9] followed by the American release in November of the same year.
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. Once logged in, your main dashboard will show your cash flow, profit and loss, invoices, bills and other financial insights. However, like most products with free plans, Wave has its limitations, especially compared to more scalable small-business accounting software.
Invoice on the go
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. Get paid in as fast as 1-2 business days1, enhance your brand, and look more professional when you enable payments.
You’ll also experience peace of mind knowing your personal financial information is backed-up and secure. Email invoices with a secure “Pay Now” button after you’ve enabled the online payments retained earnings equation – explanation and example option. Online payments allows you to get paid quickly by bank deposit, credit card, and Apple Pay. With a Wave Pro subscription, you’ll have recurring billing and other automation features.
Send invoices whenever and wherever you want with Wave’s free app for iOS and Android. Want to look more polished, save more time, and conquer cash flow? It’s been one of the best decisions I’ve made when it comes to making sure my accounting is on point. “It’s not just joint product definition and meaning a cool piece of software, it is giving peace of mind to people.” You deserve to know your taxes aren’t something you have to sweat over the entire calendar year.” Wave has helped over 2 million North American small business owners take control of their finances.
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. Accounting software helps business owners understand how money flows in and out of their businesses. This can help you save time and make financial decisions quickly.
For information on credit card rates, visit Pricing for details. All your invoicing and payment information automatically syncs with our free accounting software included with your account. Visit your dashboard or use your invoicing or accounting features, and click the peach “Upgrade now” button.
Wave’s smart dashboard efficiently organizes your income, expenses, payments, and invoices for fast and accurate tax preparation. You’ll have all the information you need to ensure you don’t miss out on any tax incentives that hybrid accounting method 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.
With Wave, your invoices and payments automatically flow into your accounting records. You’ll never lose track of payments again, and you’ll be all set at tax time. Set up recurring invoices and automatic credit card payments for your repeat customers and stop chasing payments. In addition to its accounting software, Wave offers paid services, including Wave Payments, Wave Payroll and Wave Advisors for bookkeeping support and accounting coaching. You can mark invoices paid on the spot, so your records are instantly up to date.
There are also add-on Intuit services like QuickBooks Payroll or QuickBooks Time. Allows an unlimited number of users in the Pro plan, but is not complex enough for businesses with more than a handful of employees; ideal for very small service-based businesses, freelancers or contractors. Invoicing by Wave is an offshoot of the company’s earlier accounting tools. She has more than 14 years of capital markets and corporate finance experience. She was also an analyst in buy-side investment management and worked in investment banking.Michaella received her MS in Finance, summa cum laude, from University of Denver. She also earned her BSBA in Finance from the University of Denver where she graduated in three years and was honored as a Coca-Cola Scholar and a Boettcher Scholar.
Sandra comes to Wave following a decade of management consulting. She is a proud mom and aspiring chef who enjoys all things cottage life, giving back to her community, and spending time with family and friends. Import, merge, and categorize your bank transactions.
Only integrates with in-house apps, like Wave Payments and Wave Payroll; does not integrate with card readers for in-person payments. In August, 2012, the company announced the acquisition of Vuru.co,[10] an online stock-tracking service. Zahir has always had a passion for small business and enabling financial access for all. This led him to a four-year stint as President and CEO of M-Paisa Afghanistan, bringing banking and financial education to underserved communities. 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 financial management software is user-friendly and equipped with all the basics, including income and expense tracking, invoicing and reporting. 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. NerdWallet’s accounting software ratings favor products that are easy to use, reasonably priced, have a robust feature set and can grow with your business.
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. Can manage multiple businesses for free under one account; lacks project tracking tools, industry-specific reports and transaction tracking tags. Create graphs, charts, and dashboards to see at a glance where your income is coming from and which expenses are cutting into your bottom line. You can then dig down as deep as you like with expense tracking and customized reports to manage your revenue, categorize expenses, and find cost-cutting opportunities.
Full details on how Wave support works are available here. Email exported financial statements and reports to your accountant directly from Wave. Or even better, with our Pro Plan, safely hand off your books to your accountant by adding them as a limited user. Since Wave uses accountant-approved, real double entry accounting, your accountant will have all the information they need. 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. As a self-employed professional, your flexibility is a huge advantage, so you need financial processes that are as flexible as you are.
A 1% fee is applied to the amount you withdraw from your available balance (minimum fee of $1), in addition to regular processing fees.. 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. Your customers can pay the invoices you send them instantly by credit card, secure bank payment (ACH/EFT), or Apple Pay.