What’s under the hood you ask?
Invoicing – Create an invoice template, add customers, and schedule reoccurring invoices in just a few easy steps. Your customers can save their payment information allowing you to automatically debit their account. Not by your computer? Send invoices on the go with Wave’s invoice mobile app for iOS and Android.
Accounting – Double-entry accounting? No problem. Connect your bank account, PayPal, and Etsy accounts in order to track all of your transactions with Wave accounting.
Lending – Through thier partnership with OnDeck, companies that have been in business for at least a year can apply for term loans and lines of credit.
Payroll – When you choose to process your payroll via Wave you receive the following helpful services:
- Employee self-serve portal for pay stubs and W2s
- Payroll in the cloud: Pay your employees from anywhere
- Automatic filing and payment of payroll tax (restrictions apply)
What’s the catch?
Is Wave too good to be free? Maybe. While there aren’t any upfront fees for invoicing and accounting, Wave has to make money somehow. Consequently, Wave places a small fee on all transactions that are processed through them.
In conclusion, try this free accounting software today!
Wave is a great accounting software tool, that the folks at TG4 Solutions recommend. Not only is it free, it is packed with tons of features empowering business owners to be successful with their bookkeeping.
In addition to all of the features mentioned above, Wave provides receipt tracking that enables you to track all of your expenses. Do you use Shoeboxed for tracking receipts? That’s ok, Wave integrates with Shoeboxed and will automatically upload your receipts from Shoeboxed. Keeping all of your expenses and transactions in one place!