Learn more about changing subscription periods and plan types, and how to cancel your Pro subscription in our Help Centre. Invoice and estimate forms are attractive and easy to complete. You can choose from three templates and insert a logo, but more customization options would be welcome. They’re not as aesthetically pleasing as in FreshBooks. You can make them recurring, save them as PDFs, and view them as the customer would on both a desktop browser and a mobile accounting and the construction of the governable person screen.
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When you open a transaction, you get more information and can edit its details. You can add customers or vendors, add sales tax, specify a type (withdrawal or deposit), split the transaction among categories, upload a receipt, and write a note. With a capital expenditures Wave Pro subscription, you’ll have recurring billing and other automation features. Schedule everything, from invoice creation and invoice sending, to payment collection and overdue payment reminders. Sign up for Wave and send your first invoice right away—it only takes a few minutes!
The company houses its servers under physical and electronic protection. Wave is also PCI Level-1 certified for handling credit card and bank account information. Multi-factor authentication is a requirement for bank connections through Plaid, too.
- “Wave invoicing makes your life a whole lot easier and takes that worry off you. I’ve tried Quickbooks—it’s a bit more complicated and technical, and takes more time to set up.”
- After inputting information and trying to click done at the bottom it will not register unless I swipe the keyboard away.
- All your transactions appear here, and you can even add new ones.
Give your customers the option of paying with one click using a credit card, bank transfer, or Apple Pay. 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. Unlike a majority of its competitors, Wave does not have a comprehensive mobile app. While it does offer a free iOS and Android app, the app is limited in the number of features and functions. 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.
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Monitor your cash flow, stay organized, and stop sweating tax season. Where Wave falls behind, however, is its customer support. There’s no live support unless you pay for it so you’ll have to dig for the answers to your questions in the help center or cross your fingers that the automated chatbot will help you out. Between the app and the payment process—I can’t tell you the hours it’s saved, and even the headaches that have gone away because of it. Know when an invoice is viewed, becomes due, or gets paid, so you can stay on top of your cash flow better than ever.
Wave Invoicing Review 2024: Features, Pros & Cons
Wave’s user experience is impressive for an inexpensive application. Its colorful design looks attractive and is very easy to understand. Our (non-judgmental) team of bookkeeping, accounting, and payroll experts is standing by to coach you—or do the work for you. We built our payroll tool for small business owners, so it’s easy to use AND teaches you as you go.
As long as you’re content with basic features and don’t see yourself expanding in the foreseeable future, you’ll find this completely free, easy-to-use software particularly appealing. Since you don’t have to pay anything to get started, real, personal and nominal it’s certainly worth trying out. Wave also offers a free app to help you manage your invoices on the go.
Wave users can accept credit card payments over the phone, online or in person. Add a “Pay Now” button on invoices and you 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. One of Wave’s most popular invoicing features is the ability to create user-friendly customizable templates.
Wave has a limited free version, Wave Starter, that lets you build customer, product, and vendor records, create and customize sales forms like invoices and estimates, and run reports. You can manually enter income, as well as expenses and bills. If you pay for any add-on like receipt scanning ($8 per month) or payroll ($20 per month), you get live person chat and email support. Otherwise, you are stuck with online help and an automated chat bot.
