![]() When you have a Wave accounting account, it will come with bookkeeping, double-entry accounting, expense tracking capabilities, inventory management, transaction management, sales tax tracking, recurring billing, and more. The free plan offered by Wave has a large range of basic features included in the platform, which is the main draw of their software. Get coaching or support from our team of bookkeeping, accounting, and payroll experts Keep business and personal expenses separate to seriously simplify tax seasonĭeposit checks and track your income with our mobile app Make unlimited bank and credit card connectionsĪdd unlimited partners, collaborators, or accountants Get unlimited income and expense tracking Starting an account with Wave is simple, so continue reading below to see the main features that are included with your Wave account. We’ve already mentioned that Wave is a free platform for accounting, so there are no tiers of varying prices to choose from. ![]() This makes it easy to set up recurring invoices, monitor all outstanding invoices, and customize templates to meet your needs. Lastly, one of the main benefits of using Wave accounting is that it has straightforward and simple-to-use invoicing and customization. Plus, you can also track sales tax with this feature. You can easily connect your bank account to automatically download and categorize transactions. This is all easily accessible from the main dashboard, where you will notice your cash flow and profit and loss statements. In addition, Wave makes it simple to do bank reconciliation and bank uploads or transfers. This is particularly great because there’s no option to pay up for more features or user permissions. This is great for any business that wants to grant access to their bookkeeper, accountant, or other team members. Unlimited usersĪnother great feature of Wave accounting is that they don’t limit the number of users that can access the account. It’s a great option for those who don’t have advanced knowledge of accounting topics, which won’t be a limitation on Wave’s platform. One of the main draws of Wave accounting is that it’s a simple and easy-to-use platform that’s accessible for businesses at any level. There are many Wave features that are beneficial to users, which we will cover in more detail below. Even still, given that it’s an entirely free platform, there are no higher tiers to pay for that will come with more advanced features, which may be a limitation to some users. With further integrations, like Wave payroll or Wave money, Wave allows users to take care of all bookkeeping tasks, invoice creation, inventory tracking, and more. Even still, it’s a full-service platform that has all the accounting basics you need to keep financial affairs in order and running smoothly. Wave is very accessible and user-friendly, and doesn’t require users to have a wealth of accounting knowledge or expertise in order to get started. Wave is free accounting software that is a great option for small businesses with less than ten employees, or for independent contractors, freelancers, and other businesses that are looking for a budget-friendly solution. ![]()
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