Wave Invoicing Review 2023: Features, Pros & Cons

Customers can click a Pay Now button on invoices and pay instantly by credit card, secure bank payment (ACH/EFT), or Apple Pay. You can accept credit cards and bank payments for as little as 1%2 per transaction. As a business owner or self-employed professional, you don’t have the backing of a large company to ensure you get paid properly and on time for your work. Zoho’s cheapest paid plan includes access for three users plus an accountant. Keep reading to find out if Xero or one of the five other options we review below is the best accounting software for your Canada-based business.

• If you have a question or issue, you can browse the help center or reach out to Mave, the automated chatbot.
• As mentioned above, Wave charges for this ability to upload receipts, while other accounting apps don’t.
• Accept payments through credit cards and bank payments to get paid even faster, for a low, pay-per-use fee.
• Waves accounting solution is fairly comprehensive, and you gain access to all of its functions as a free user.
• The invoicing software is highly compatible and mobile friendly.

As per the Canadian Accounting Standards Board, Canada conforms to the International Financial Reporting Standards (IFRS). All publicly accountable enterprises must meet IFRS requirements when issuing financial statements, and private companies generally follow these same standards as well. Get more information by reading our FreshBooks software review. Get more information by reading our Zoho Books software review. Get more information by reading our Wave Accounting software review.

Connecting your accounts

Wave can generate reports such as financial statements, tax reports, payroll management reports, customer and vendor reports, and more. The inventory management feature is rather basic and does not allow you to track the quantity of products purchased or sold. This can potentially be a dealbreaker for a product-based business. Explore alternative software options that can fulfill similar requirements as Invoicing by Wave. Evaluate their features, pricing, and user feedback to find the perfect fit for your needs. An invoice by Wave won’t add tracked hours, won’t display discounts, and doesn’t allow file attachments.

It can help you manage your bookkeeping, accounting and invoicing processes through a few internal integrations. With https://www.bookstime.com/, businesses can create unlimited invoices for free. With Wave Invoice, your business can create and send customized, professional-looking invoices to your clients. Customization allows you to upload your logo and choose from the three available invoice templates. Once ready, invoices can be shared through email or manually with a link or exported and sent as PDF. For example, QuickBooks Online doesn’t have a free plan, but offers four paid plans, each with additional features, making it a great choice for scalability.

Want personalized invoices? Create them with Wave.

Once you sign up online, you can start using Wave’s features right away. All you have to do is share your business name, type, address and the currency you use. There’s no live support unless you pay for it so you’ll have to dig for the answers to your questions in the help center or cross your fingers that the automated chatbot will help you out. In terms of the number of reports that Wave can generate, it can fall behind the competition.

• Crucially, Xero syncs with more than 1,000 third-party apps — more than any other small-business accounting company.
• Wave has a variety of beautifully designed invoice templates ready to use.
• You can view payroll tax and liabilities, which Wave calculates for you automatically.
• Plus, Intuit QuickBooks Online has more comprehensive accounting features than most other solutions for small-business owners, and it generally has fewer limitations.
• Send invoices whenever and wherever you want with Wave’s free app for iOS and Android.
• At exactly no cost, Wave Accounting lets businesses invoice an unlimited number of customers, add an unlimited number of users and manage an unlimited number of businesses.
• Download, customize, and send this invoice to all your clients, no matter what legal work you do for them.

New account sign-ups have been limited to business owners in these countries since November 30, 2020. This localized focus allows Wave to tailor its services to the specific needs and regulations of businesses in the US and Canada. Discover how our team of experts rates its features, ease of use, customer support, and other aspects that contribute to its overall appeal. wave invoicing login You can also try out Wave Payroll, a paid service Wave offers for those who want to provide employee payroll through the platform as well. Similar to other reputable cloud-based accounting software products, Wave encrypts the data you share with it and monitors its server facilities 24/7. Compared with free software like Wave, QuickBooks plans are expensive.

Invoicing

Set up recurring invoices for your finance clients and safely store credit card info so you have one less thing to keep track of. Quickly build project estimates and professional invoices that reflect your business. Upload your logo, add customer info, share notes, and set net payment terms with ease. Get paid on time, every time with automatic payments for your repeat customers using the most powerful invoicing scheduler anywhere.