Top 5 Easy-to-Use Accounting Software for Small Businesses

Top 5 Easy-to-Use Accounting Software for Small Businesses

Its tools let you create and send invoices, view their status, and send reminders. Receipts by Wave uses OCR technology to read receipts after you’ve taken a photo of one or more with your smartphone (you can also upload or email them). These subsets of Wave are both available as Android apps and iOS apps, and they’re good at what they do, but they’re not near-duplications of the entire website, like FreshBooks is.

Since its beginning, QuickBooks products have been designed with the small business owner in mind, and QuickBooks Online is no different. Trying to decide between Wave and QuickBooks Online? Software experts at the Blueprint take an in depth look at these 2 options, including pros, cons, features and more.

This app has great potential but it is not ready for the public. They withhold funds be informed sent through from customers. This company called Wave seems to be a complete rip off.

You’ll just need to set them up as separate businesses in Wave. Thank you for your insightful and comprehensive review. I have been using Wave for the last few months with only a couple of glitches. Am generally happy with what it offers as it meets my small business needs.

Wave Accounting

In this article, we have outlined 5 top QuickBooks free alternatives and why you should pick them above QuickBooks. Every accounting software listed here is great, with their own perks. As a small business owner, I have to say that i my humble opinion anyone who entrusts his personal and company data to any online access of any kind is either incredibly naive, incredibly stupid or both.

Wave provides features including accounting, invoicing, billing, payment tracking, payroll management, finance management, and receipts. Does Wave or any other online accounting software that allows for local backup? Also, does Wave time out if not in use for a while? My client recently lost data in QBO online because he had been in the process of creating an invoice then walked away from the computer for a while and the program timed out on him.

Software Advice users echoed reviewers in the previous two sites. They liked the features of Wave accounting but complain about lack of integration and slow performance.

Wave Accounting

The company is rated as a Level 1 PCI service provider and follows all security best practices laid out by the PCI standards. Generating revenue is the main aim of your business, and that means invoicing customers. With Wave, you can amend, customize, and style invoices to reflect your brand and present a professional image. It was wonderfully easy to use, the invoices looked professional and payment processing features were handy.

Wave are regulated by multiple government agencies across the US, the UK and Canada. They also meet necessary compliance and regulation standards to protect sensitive user and payment information. This includes encoding all data as soon as it is entered in the Wave app and sending it over an encrypted 128-bit connection.

Read other reviews of this company being fraudulent and being sued. We were using them until they decided to terminate our account without notice or opportunity to resolve any issues.

Financial software designed for entrepreneurs. Completely free.

If you have other concerns about Wave or want a more robust program, check out FreeAgent, Xero, Zoho Books, and QuickBooks Online. Unfortunately, without knowing all the details of your situation, I can’t give you a definite recommendation; there are a lot of factors involved.

Wave’s cash-basis accounting allows users to view cash-basis reports only. I’m sure I am not the only one experiencing this issue. Their customer service response time is slow and very unhelpful. Chelsea Krause is a writer who has specialized in accounting for over three years and is a QuickBooks Certified User. She has a BA in English & Creative Writing from George Fox University and studied at the University of Oxford as well.

There is no way to turn of the option to take credit cards permanently. Then I find out they are going to charge me $725 to get it from them (if I can every talk to someone).

The tricky thing with accounting software is that there’s no “one size fits all” solution that is best for all companies–even all small companies. Your best solution will vary depending on your organization’s size, planned expansion (if any), and what features you need.

Wave vs. QuickBooks Online: An overview

  • Thanks for the informative review – I am going to try Wave and hope to abandon Quickbooks.All I need from accounting software is the ability to generate invoices and track income and expenses.
  • The tricky thing with accounting software is that there’s no “one size fits all” solution that is best for all companies–even all small companies.
  • It sounds like most the complaints are with payment transactions and linked bank accounts.
  • Their client portal feature lets you easily connect with every customer to share price quotes and estimates and receive payments.
  • One especially unique feature is Kashoo’s ability to enter handle multi-currency expenses.
  • The tool now has a traditional reconciliation tool, but freelancers may prefer to keep their accounts straight using the Transactions page.

We also use this software for bookkeeping outsourcing work. Interested in learning more about how to make accounting software work for you? See our piece on useful accounting tips for small businesses for more help.

I’m trying to start a business and this is just devastating. I don’t know what to do so any help is greatly appreciated. Was led to believe I could generate invoices in the field printing hard copies for my clients to sign upon completion of work but that is not possible with this software! Do not waste your time with Wave if this is what your looking for! Invoices printed in my office are just fine but to print in the field you have to export them as a PDF to yourself then print that!

The credit card payment seemed very good with a free account but I’ll have to move on if i can’t do this. You can definitely enter cash payments from your customers. “Cash basis” and “accrual” are different accounting methods; you can find a great description of the difference in Chelsea’s guide to accounting terms. The app was great, user friendly, intuitive, I was loving it.I opened a Wave account a few days ago.

Then we had our customers pay and everything was good, money was to payout on a Monday. Then come to find out Accounting put a hold on the payout, so then we had to answer more questions. I was told by Wave Tech Support that the large amount brought up questions. Now please tell me if this is a large amount of money… $1,400….

There are things I used to do (reports) that I cannot do anymore. They used to offer a service where if you paid a monthly fee you could have immediate chat access with an expert and they would tell you how to do what you needed to do.

Click Sales, for example, and you can click again to go immediately to screens such as Estimates, Invoices, Customer Statements, and Products & Services. Wave is not as good as FreshBooks at tucking away its features, but it also offers more of them. Every screen looks great, and all are easy to understand.

How Wave works

I call to speak to a manager who could basically care less. He told me they would get them processed after I had to kick and scream.

I have 0 employees and I’m trying to start a business. I tried using excel but, I feel like I need to be an accountant to do that. So as you can see book keeping stuff is so not my strong suit. Unfortunately, it sounds like you were using locally installed software, which means Intuit won’t have the data you need. It would have been stored directly on your computer, unless you used a cloud-based backup service.

Xero does also have the capability to convert data directly from QuickBooks. Over 500 tools are available to allow the user to customize the program to their company’s specific needs. Kashoo is an accounting software program offered through the Apple App Store for iPad, iPhone, and web use. The format of this program is through the cloud and is widely used by smaller businesses already using any Apple product.

Reviewers state that the payroll module is helpful, saving the reviewer considerable time since the process is automated. Others liked the automatic card transaction download, saving time on data entry into the general Wave Accounting ledger. Additionally, reviews felt that the invoicing options were easy to use and that dashboards were easy to read. Some users did complain about Wave being slow to respond and use, including reports of crashing.

Other Top Recommended Accounting Software

My bank says that the information Wave requested to link to my bank account isn’t even what my bank would need to process the incoming payment. I have no idea where my money is…luckily it was only a test transaction. We did a test run and needed to set up the bank account, which was fine, so we thought everything was fine.

If you want to add Wave payroll services in California, Florida, Illinois, New York, Texas, or Washington, you’ll be automatically enrolled in Wave’s full payroll and tax service. Even if you opt out of the tax assistance plan, you’ll still pay the monthly base fee of $35 for payroll—so you might as well keep both services since the cost stays the same. Another hurdle that can frustrate small-business owners? So if you’re used to getting help from a live person, Wave may not be right for you.

Wave charges a fee for accepting credit and debit payments for invoices. The cost is 2.9% of the transaction amount plus a flat fee of 30 cents.

Own or Buy Businesses

Whereas, as mentioned above, Wave only offers one option—email support for all software including invoicing, accounting and receipt scanning. You can lose a lot of time troubleshooting and hoping for a quick email response from the company.

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