You can file yourself with assistance or have your taxes filed for you. Martin Lunendonk is a senior tech writer specializing in website builders, web hosting, and ecommerce platforms. Customize invoice schedules for recurring customers and charge your clients’ cards automatically.
Accountant-friendly software
Wave offers the best free invoicing software we’ve researched. It’s great for creating and delivering invoices, though the analytics leave a little to be desired, as they don’t support custom reports. Plus, you’ll have to upgrade to the paid plan to access some key functions, including automatic transaction imports.
Wave Customer Service
Set up recurring invoices and automatic credit card payments for your repeat customers and stop chasing payments. Switch between automatic and manual billing whenever you want. This free, easy-to-use accounting software is great for small businesses, especially for eCommerce, but lacks in project management, budgeting, and inventory tracking. Bill your repeat customers automatically with fully customizable scheduling.
Time Tracking
You’ll have two options to receive a PDF copy of your invoice. Once you’ve created an invoice with our invoice generator, you’ll be able to download a PDF copy of the invoice or get the PDF emailed to you directly. 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. Any connections between you, your bank accounts, and Wave are protected by 256-bit SSL encryption.
- Managing payroll can be daunting, but Wave makes it straightforward.
- Each staff reviewer at Merchant Maverick is a subject matter expert with experience researching, testing, and evaluating small business software and services.
- The Starter Plan is perfect for small business owners who are just beginning their journey.
With Wave, you have access to expense tracking, bank reconciliation, and reporting to help you manage your finances. Wave also has some of the most appealing invoices on the market. Wave also offers time-saving automations, such as recurring invoices, automatic billing, and receipt scanning. 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. The fact that Wave lets users create and send unlimited invoices and receive payment straight from the invoices for free makes it perfect for freelancers.
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. Wave stands out with its free core features, making it a budget-friendly option compared to other financial tools that charge for similar services.
Wow your customers with customization
However, some features are noticeably missing, such as project management and budgeting, that are found with competing software options such as QuickBooks Online. The lack of these features brought our score in this category to 3 out of 5 stars. Some features are also only available on the paid Wave Pro plan.
- In addition to creating invoices, Wave gives users the ability to create estimates for potential clients.
- Once connected, you’ll be able to use the app for sending and duplicating receipts as well as mobile invoicing, which lets you create, customize, and send invoices straight from their mobile device.
- Create and send professional invoices to your customers in seconds.
- While users never pay a monthly fee, they will have to pay a credit card processing fee of 2.9% plus 30 cents per transaction if they use Wave to process credit card payments.
You’ll appreciate the ease of generating financial reports, which can help you make informed business decisions without needing an accounting degree. Accept credit cards, bank payments, and Apple Pay for as little as 1%2 per transaction.Your customers can use the secure “Pay now” button on your invoices to instantly pay you. Wave is a solid option for invoicing, standing out for its low pricing, great range of software functionality, and good customer service. But it’s not the only option, and quite a few others offer more complex invoice creation abilities, or more comprehensive reporting and analytics.
Travel environmentally-friendly
While users never pay a monthly fee, they will have to pay a credit card processing fee of 2.9% plus 30 cents per transaction if they use Wave to process credit card payments. This fee can vary depending on the type of card the customer uses. While several accounting software services provide a free version of their software, the free version usually limits the number of users, number of invoices per month and integrations.
Powerful recurring billing for repeat business
Wave also handles general finance management, and with the right third-party integrations, it can support CRM, ecommerce, and email marketing as well. Know when an invoice is viewed, becomes due, or gets paid, so you can stay on top of your cash flow better than ever. The Wave app is the mobile companion to your desktop experience, helping you keep tabs on your biz— anytime, anywhere.
With our online payments feature, you can automate late payment reminders and let us be the bad guy. However, Wave doesn’t support additional report customization beyond these abilities. This is a bit of an oversight that puts Wave solidly below a handful of the top services – including FreshBooks, QuickBooks Online, Xero Invoice, and Square Invoices – when it comes to analytics.
Wave offers a decent range of invoice creation tools and abilities. While the number of core templates is a little low at just three, you’ll be able to add a company logo, customize colors, and include customer notes. The invoices can calculate taxes and create estimates, while offering multi-currency support – all useful features for a versatile invoicing service. Wave’s business reports are on par with some of the top invoicing solutions companies for small businesses. Users can create reports to show month-to-month or year-to-year comparisons to easily identify cash flow trends.
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Sign up for a Wave account so that everything flows right into your accounting records and your bookkeeping will be done for you. Merchant Maverick’s ratings are editorial in nature, and are not aggregated from user reviews. Each staff reviewer at Merchant Maverick is a subject matter expert with experience researching, testing, and evaluating small business software and services. The rating of this company or service is based on the author’s expert opinion and analysis of the product, and assessed and seconded by another subject matter expert on staff before publication. Merchant Maverick’s ratings are not influenced by affiliate partnerships. Xero also doesn’t support multiple businesses, so pricing can add up quickly for some users.
The vendors that appear on this list were chosen by subject matter experts on the basis of product quality, wide usage and availability, and positive reputation. Help us to improve by providing some feedback on your experience today. Create invoices on-the-go with our free iOS and Android app. The customer support team is available to users through email and live chat, but not by phone. If you don’t live in those states, Wave can still help by crunching the numbers to give you the correct tax information and money owed. Since this is less useful, the service will be $20 per month cheaper.
Like Wave, QuickBooks Online is easy-to-use, cloud-based accounting software. QuickBooks Online boasts a robust set of invoice by wave features, including advanced options like project management and inventory features you won’t find with Wave. QuickBooks Online also has hundreds of integrations, connecting your accounting solution with other small business software and apps. The Starter Plan is perfect for small business owners who are just beginning their journey. It offers essential features like unlimited estimates, invoices, and bookkeeping records. With the ability to manage cash flow and customers in one dashboard, it provides a solid foundation for businesses to grow and succeed.