Wave Accounting features full payroll services so you can ensure your employees get paid properly and promptly. Exchange rate calculations - All exchange rates are automatically calculated and applied.Accept payments in any currency - Dozens of currencies are accepted and will be automatically converted into your home currency.Credit card information storage - Card details can be stored so it’s easier for repeat customers to continue paying.Fast transfer to bank account - Money received from invoice payments will be transferred to your bank account in two working days.Wave is PCI compliant, helping you process payments securely in accordance with regulations. Wave Accounting charges a flat 2.9% + 30 cents per transaction for credit / debit card processing for invoice payments. Duplicate invoices - Make copies of invoices for clients and services you frequently bill.See when your invoices are viewed - You can track when customers have sight of your invoice.Customer statements - Get summary information on the accounts for each customer (monies invoiced and received).Track invoice status - See which invoices are due, overdue, paid, or in draft.Integrate invoicing with accounting - All invoices and payments are synced and integrated with your accounting and financial reports so you get a complete, up-to-date picture.In addition to creating invoices, Wave offers a number of features designed to make tracking and managing invoices easy. Set recurring invoices - Setup recurring invoices for regular work on a schedule of your choosing to bill for services you provide on an ongoing basis.Create payment terms - Set customizable payment terms and see which invoices have been paid or partially paid.
Provide receipts for payment - Send professional payment receipts to customers.Calculate sales tax - Apply sales tax to invoices where relevant.Accept multiple currencies - Invoice clients and accept payments in any currency.Set automatic payment reminders - Send invoice payment reminders to customers when invoices are due or overdue, including statements on late accounts.Accept credit and debit cards for invoice payments - Card payment is fully integrated when invoices are sent to customers, making it easier for them to pay.When they’re accepted, turn the estimate into an invoice. Turn estimates into invoices - Create and send estimates.When it comes to accepting payments, Wave allows you to:
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Columns and lines on invoices can be customized, allowing you to present the most important information. You can also provide details on the products or services so your customers understand what With Wave, you can amend, customize, and style invoices to reflect your brand and present a professional image. Generating revenue is the main aim of your business, and that means invoicing customers. The more successful you get, the more distractions you have: chasing payments, tracking expenses, managing employees and taxes.
Related Article: Accounting Software Comparison – QuickBooks, Xero, Freshbooks, and Zipbooks. We’ll cover all of these areas in detail below. Together, this suite of services provides everything a small business owner needs to take care of the money in a company.
Wave Accounting is software as a service (SaaS.) That means it’s an online accounting app that runs in your web browser, and that you don’t need to install any software locally. Wave’s account software is free, but if you want to use services like credit card processing (for accepting payments by invoice) or payroll management, you’ll be charged for those services. This in-depth review of Wave Accounting will tell you everything you need to know about the software, so you can decide if it’s right for your business. That means you can protect your cash flow, ensure you have enough money to meet your obligations, and grow your business. Wave Accounting is designed to help you keep control of invoicing, expenses, payroll, accounting and more. Good financial management is one of the main skills any successful business owner needs to master.