If you have a question or issue, you can browse the help center or reach out to Mave, the automated chatbot. If you do want live support, you’ll need to invest in an Advisor or paid service. When accounting for uncollectible accounts receivable you reconcile your books, you’ll navigate to the “Reconciliation” tab within the Accounting menu. If you need to manually edit, add or remove any transactions, you can do so on the Reconciliation or Transactions pages.
- Give your customers the option of paying with one click using a credit card, bank transfer, or Apple Pay.
- Email exported financial statements and reports to your accountant directly from Wave.
- Merchant Maverick’s ratings are editorial in nature, and are not aggregated from user reviews.
- Wave now integrates directly with H&R Block to help you file your taxes.
- Although accounting and invoicing are separated into two different product sections on the Wave website (shown similarly below), they don’t require separate accounts.
Wave offers a decent number of support resources to customers, but the response times can be slow. Furthermore, customers using the free Starter plan will have limited support options. For a free software program, Wave boasts an impressive, robust feature set that rivals even some paid accounting software programs. Finally, if you need extra help with your bookkeeping, accounting, or taxes, Wave Advisors is a service you can add to your account. This option is great for business owners who are new to accounting or want to outsource bookkeeping and/or tax filing.
Limited customer service
Additionally, your cost may rise with add-ons like payroll, payment debits and credits cheat sheet: an accounting guide for 2023 processing, or professional bookkeeping services. If you operate a larger business and need advanced features, give Xero a look before signing up for Wave. Xero has more advanced features, hundreds of integrations, and also supports unlimited users.
Make it easy and convenient for your clients to pay by offering options like bank transfers, credit cards, and online payments. And even better, get rid of late payments with Wave’s Pro Plan features like automated reminders and recurring invoices. Until then, the software is still a good solution for small business owners looking for simple, easy-to-use accounting software that won’t break the bank. Wave’s customer support resources and new Wave Advisor services make it easy for people with limited accounting experience to learn the software. It’s also great for Etsy shop owners and other eCommerce businesses using Wix, Squarespace, or WordPress.
Project Management
Users of the free plan are limited to using Wave’s Help Center or Mave, the support chatbot. Fortunately, the Help Center provides plenty of guides and information to help with most issues, and the software is intuitive enough that this support option will be sufficient for most users. FreshBooks has an excellent mobile app that allows you snap bookkeeping for massage therapists photos of receipts, send invoices and track mileage. Our partners cannot pay us to guarantee favorable reviews of their products or services.
Wave Starter Plan
It’s also missing an audit trail and third-party integrations. Approval to use online payments is subject to eligibility criteria, including identity verification and credit review. You’ll need to answer a few questions about your business and provide us with a little more information about yourself in order to get approved to accept online payments. Keep your income flowing with the help of flexible payment options, and money transfers in as little as two days.
We collect the data for our software ratings from products’ public-facing websites and from company representatives. Information is gathered on a regular basis and reviewed by our editorial team for consistency and accuracy. 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. 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.
See our step-by-step guide on how to import bookkeeping data into Wave here. When everything is neatly where it belongs, tax time is simple. Wave’s smart dashboard organizes your income, expenses, payments, and invoices. Transactions will appear in your bookkeeping automatically, and you’ll say goodbye to manual receipt entry. Powerful, easy-to-use accounting software that has everything you need to confidently run your business.
The financial management software is user-friendly and equipped with all the basics, including income and expense tracking, invoicing and reporting. Create beautiful invoices, accept online payments, and make accounting easy—all in one place—with Wave’s suite of money management tools. Xero also doesn’t support multiple businesses, so pricing can add up quickly for some users. And it’s worth noting that while Xero has more features, the software also has a steeper learning curve than Wave.