Wave Payroll If you use Wave Payroll and are a U.S. business, these terms apply. He comes to Wave with decades of executive experience, most recently as General Manager for Afterpay North America, and previously as Executive Vice President at Mastercard. You’ll always know who you need to communicate with and about what, so you can leave a great impression with customers. If you’re an existing Wave customer and have already been invited, you’ll be able to learn more and sign up within your Wave account under your Banking tab.

Moreover, you can integrate QuickBooks with hundreds of third-party tools available in the app marketplace. There are also add-on Intuit services like QuickBooks Payroll or QuickBooks Time. Our servers are protected physically and electronically. Any connections between you, your bank accounts, and Wave are protected by 256-bit SSL encryption.

Here is a list of our partners and here’s how we make money. We believe everyone should be able to make financial decisions with confidence. Monitor your cash flow, stay organized, and stop sweating tax season.

Accountant-friendly software

QuickBooks Online’s detailed reporting and transaction tracking is ideal for growing businesses. Only integrates with in-house apps, like Wave Payments and Wave Payroll; does not integrate with card readers for in-person payments. Many or all of the products featured here are from our partners who compensate us. This influences which products we write about and where and how the product appears on a page.

• Your customers can pay the invoices you send them instantly by credit card, secure bank payment (ACH/EFT), or Apple Pay.
• Prior to Wave, David was a GM and Chief of Staff at a B2B technology company, Influitive, and was previously a management consultant with Deloitte.
• For example, the rate a freelance web developer charges may be different than that of a freelance graphic designer, because each freelancer specializes in a different area.
• It’s hard to beat free accounting software, especially if you’re running a small business on a budget.
• The free financial management software is user-friendly and equipped with all the basics, including income and expense tracking, bank connections, invoicing and reporting.
• Full details on how Wave support works are available here.

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. After creating your account, everything’s set up so you can get started right away. Your data is always available, and it’s backed up for extra peace of mind. Xero lets you add unlimited users in all plan tiers and, similar to QuickBooks Online, can grow alongside your business.

The Wave app lets you easily generate and send invoices to your clients wherever and whenever you need to. If you’re on-the-go, you can also send invoices from your phone or other mobile device using the Wave app. All your invoicing and payment information automatically syncs with the free Wave Accounting software included with your account.

App Privacy

Tam is the Chief Financial Officer, responsible for accounting/finance, taxes, and compliance at Wave. She’s led the company through its successful acquisition by H&R Block, a financing round, several corporate reorganizations, and multiple ERP and payroll system changes. Save time chasing customers by setting up automatic payment reminders. Easily create, customize, and send professional invoices while on-the-go.

To download the app:

Support for non-paying users is limited to the chatbot and self-service Help Center. Includes tools that help automate the reconciliation process; auto-categorizes transactions for you, but you can’t set up your own bank rules; no global search function. Wave Payroll If you use Wave Payroll and are a Canadian business, these terms apply. Developer API Including but not limited to developer.waveapps.com, api.waveapps.com.

Invoicing software 
that’s easy and free

Give your customers the option of paying with one click using a credit card, bank transfer, or Apple Pay. 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 a different area. I look at the dashboard and know how many invoices are on the way, when they should be paid, and the average time it takes someone to pay. It keeps me on track and takes a lot out of my hands.

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, accounting, and business banking (currently only available to sole proprietors in the US) free. 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.

It’s been one of the best decisions I’ve made when it comes to making sure my accounting is on point.

However, like most free products, Wave has its limitations, especially compared to more scalable small-business accounting software. One of its biggest drawbacks is its lack of higher-tier plan options for growing businesses that require a richer selection of features. We provide different levels of support for customers who use different features and services from Wave. Full details on how Wave support works are available here. Allow your customers to pay your invoices immediately via credit card, secure bank payment (ACH/EFT), or Apple Pay. ‍2 Rates are 1% for bank payments (minimum fee of $1).

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. 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. Stripe If your processing of credit card payments is powered by Stripe, you’re bound by their Terms of Service. A common issue when invoicing in Microsoft Word, Excel, or other DIY solutions is making calculation errors. Wave’s invoicing software for small businesses removes the worry of making these errors because calculations are done for you, including the taxes.

Wave Money is currently available to single-owner businesses in the United States with a Wave account. Once you create an account, we’ll notify all new eligible businesses by email. You’ll be able to download the Wave mobile app directly from your email or virtual accountant you can learn more within your Wave account. The right software helps business owners quickly categorize transactions and generate financial statements. These include cash flow reports, balance sheets, profit and loss statements, and expense breakdowns.

It’s also missing an audit trail and third-party integrations. Sign up for a free Wave account and send your first invoice right away—it only takes a few minutes! You can also set up recurring payments, auto-reminders, and deposit requests to make sure you always get paid on time. Save time when you send automatic payment reminders in your Wave account. Whenever a payment is due, your customers will get an email reminder. Accounting software like Wave can also seamlessly connect with your bank accounts so you can automate tasks like recording transactions and generating reports.