Wave Accounting Software Review
ConsumersAdvocate.org Rating: 6.9 / 10 (Very good)
Wave Accounting software is an online tool for small businesses and financial consultants that would like to have a more automated and simpler solution to their accounting concerns. Wave makes it possible for user to collaborate with their clients. It does not only simplify basic accounting tasks but also has the ability to synchronize thousands of bank feeds in real-time.
Wave Accounting is constantly working on the features it provides. Constant collaboration with developers have helped improve its features to make life easier for users. Important features include invoicing, tax features, reporting and multi-currency transactions. And because it is an online-software, this makes it possible for users to manage and track their business seamlessly with an internet-connected device.
Wave Accounting was designed to simplify all your accounting related tasks and makes this available as an online-software you could access anywhere, anytime. Wave payroll helps you prepare payrolls and even takes into account taxes. However, this is a paid feature and starts at $5/ employee. Wave also offers Wave Personal, a personal finance-software that takes care of your personal and business expenses for free.
- Payroll handling – additional charges required
- Basic tax features – does not offer 1099s for vendors
- Easy integration with Apple and Android apps
- Unlimited invoicing
- Unlimited expense tracking
- Multi-currency transactions’
- Collaborate with your accountant
- Automatic band data reconciliation
- Fast start configuration – 40 pre-set business types
- General ledger
- Balance sheets
- Income statements
- Automatic data backup
Comes FREE but purchase is required for additional features
Ideal for personal or small business use
Wave Accounting software is a financial tool that helps small businesses keep on top of their financial and accounting tasks. It's great for handling simple accounting tasks and even allows you to create invoices. It's a 100 percent service but for added functionality purchases are required. It is mainly an accounting-software but also doubles as a personal finance tool. A good steal for those with small businesses that only requires basic accounting functions and a little bit of elbow room for day to day transactions.