Bookkeeping

You can also create an email-forwarding address so that you can email copies of receipts to your Wave account. Easily create, customize, and send professional invoices while on-the-go. All your invoicing and payment information automatically syncs with Wave’s accounting feature. Yes, switching from other accounting apps or products to Wave is easy!

Payroll

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 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.” One click on the “Review & Pay” button in your invoice email.

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1. Among other things, this means that the software has a chart of accounts and deals with debits and credits in the background.
2. Accept payments through credit cards and bank payments to get paid even faster, for a low, pay-per-use fee.
3. Wave uses optical character recognition (OCR) technology to read photos of expense receipts you take with a smartphone and (sometimes) turn them into categorized transactions.
4. Reports aren’t very customizable, but you can export them as CSV and PDF files.
5. You have to scroll a bit to see everything, but you get a great overview of your finances with links to deeper details.
6. All your invoicing and payment information automatically syncs with Wave’s accounting feature.

I didn’t run into any image or text degradation issues like I did the last time I tested the app, either. Bank data connections with Wave are read-only and use 256-bit encryption. The company houses its servers under physical and electronic protection.

Pay per use (no strings attached)

Manually creating invoices in Microsoft Word or Excel can be time-consuming and difficult to manage. Digital invoicing empowers your small business by automating invoice processing and saving time by tracking key invoice data like upcoming and outstanding invoices. You can also manage late payments more efficiently through e-invoicing by setting up payment reminders to send to your customers before an invoice due date. Get paid in as fast as 1-2 business days1, enhance your brand, and look more professional when you enable payments.

Sage 50 Accounting

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. See invoice summaries, tap into business reports, receive payment notifications and more using our highly-rated, free mobile app, available on iOS and Android. Set up recurring invoices for your finance clients and safely store credit card info so you have one less thing to keep track of. Track customer views and invoice payments in the Wave dashboard so you always know where you stand with sellers, property managers, buyers and renters. They get the flexibility of paying you via credit card, bank payment, and Apple Pay; you get a reputation as a polished professional.

Switch between automatic and manual billing whenever you want. Our invoicing, online payments, accounting and bank connection features give you a unified view of your income and expenses – no need to log in to multiple apps or tools. Its multicurrency support, revamped mobile apps, and user permissions features are additional points in its favor. 1 Payouts are processed in 1-2 business days for credit card payments and 1-7 business days for bank payments. Deposit times may vary due to processing cutoff times, third party delays, or risk reviews. Create beautiful invoices, accept online payments, and make accounting easy—all in one place—with Wave’s suite of money management tools.

The app learns as it goes, however, so it should categorize similar transactions automatically as you what happens to assets if the company pays for notes payable continue to use it. 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. Easily monitor and keep track of what’s going on in your business with the intuitive dashboard. The quick summary allows you to stay in control of your business finances, including a task list of outstanding items.