It replaces the time-consuming method of collecting receipts in a drawer and manually tracking revenue and expenses in a spreadsheet or with pen and paper. Have an eye on the big picture so you can make better business decisions. Our robust small business accounting reports are easy to use and show month-to-month or year-to-year comparisons so you can easily identify cash flow trends. We provide different levels of support for customers who use different features and services from Wave. Full details on how Wave support works are available here.

Our invoicing, online payments, accounting and bank connection features give you a unified view of your income and expenses – no need to log in to multiple apps or tools. You can mark invoices paid on the spot, so your records are instantly up to date. Accept payments through credit cards and bank payments to get paid even faster, for a low, pay-per-use fee. Add credit cards and bank payments to get paid even faster, for a low, pay-per-use fee.

Save time, get paid faster with automatic billing

For example, the rate a freelance web developer charges may be different than that of a freelance graphic designer, because each freelancer specializes in a different area. A common issue when invoicing in Microsoft Word, Excel, or other DIY solutions is making calculation errors. Wave’s invoicing software for small businesses removes the worry of making these errors because calculations are done for you, including the taxes. Our servers are protected physically and electronically. Any connections between you, your bank accounts, and Wave are protected by 256-bit SSL encryption. If you’re interested in our payroll software, you can start a free 30-day trial when you sign up for Wave.

  • You can also set up recurring payments, auto-reminders, and deposit requests to make sure you always get paid on time.
  • Get your money faster when you offer customers the ability to pay directly from your invoices, starting at 2.9% + 60¢ per card transaction.
  • We provide different levels of support for customers who use different features and services from Wave.
  • Save time chasing customers by setting up automatic payment reminders.
  • Instant payouts is an additional service offered by Wave subject to user and payment eligibility criteria.

Get paid in as fast as 1-2 business days1, enhance your brand, and look more professional when you enable payments. 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. Instant payouts is an additional service offered by Wave subject to user and payment eligibility criteria. A 1% fee is applied to the amount you withdraw from your available balance, in addition to regular processing fees. Deposits are sent to the debit card linked to your account in up to 30 minutes.

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We’ll ask you to verify your identity, answer a few questions about your business, and where you’d like the deposits to go. If you’re an existing Wave customer and have already been invited, you’ll be able to learn more and sign up within your Wave account under your Banking tab. When I signed up with Wave it was a no brainer. It’s been one of the best decisions I’ve made when it comes to making sure my accounting is on point. You’ll always know who you need to communicate with and about what, so you can leave a great impression with customers.

Data Used to Track You

Set up invoice reminders to automatically email your customers when payment is due. Every invoice paid means more revenue coming into your small business. Create and send professional invoices to your customers in seconds. Set up recurring invoices for year-long clients or a one-off bill for business formation. And our mobile app makes it easy to invoice even when you’re out of office.

Accountant-friendly software

Deposit times may vary due to processing cutoff times or third party delays. Instant Payout is an additional service offered by Wave subject to user and payment eligibility criteria. Make it easier for your customers to pay you through a Wave invoice, right from their bank accounts. Wave’s online payments feature lets you accept bank payments, quickly and easily. Manually creating invoices in Microsoft Word or Excel can be time-consuming and difficult to manage. Digital invoicing empowers your small business by automating invoice processing and saving time by tracking key invoice data like upcoming and outstanding invoices.

These features help keep our invoicing, accounting, and business banking (currently only available to sole proprietors in the US) free. These features help keep our invoicing, and accounting, free. Our accounting and invoicing features are currently free. If you’re interested in using payroll software, you can start a free 30-day trial when you sign up for Wave. Approval is subject to eligibility criteria, including identity verification and credit review. Payments are a pay-per-use feature; no monthly fees here!

Your deposit times may vary based on your financial institution. All payments are subject to a risk review and periodic credit risk assessments are done on business owners because we need to cover our butts (and yours). In some cases, we may hold funds and request more information if we need it for the protection of your business and Wave’s. 1 Payouts are processed in 1-2 business days for credit card payments and 1-7 business days for bank payments.

Deposit times may vary due to processing cutoff times, third party delays, or risk reviews. Electronic invoices are created with online invoicing software or other cloud-based services, which makes it easy to automate the invoicing process. Your customers can pay the invoices you send them instantly by credit card, secure bank payment (ACH/EFT), or Apple Pay.

Invoicing, payments, and banking all in one place that saves you time, gets you paid, and makes money management easy. The right software helps business owners quickly categorize transactions and generate financial statements. These include cash flow reports, balance sheets, profit and loss statements, and expense breakdowns. Know when an invoice is viewed, becomes due, or gets paid, so you can take the right actions to manage your cash flow.

Unlimited invoicing, accounting, and expense tracking are included, 100% free. Between the app and the payment process—I can’t tell you the hours it’s saved, and even the headaches that have gone away because of it. Know when an invoice is viewed, becomes due, or gets paid, so you can stay on top of your cash flow better than ever.

Wave Money is currently available to single-owner businesses in the United States with a Wave account. Once you create an account, we’ll notify all new eligible businesses by email. You’ll be able to download the Wave mobile app directly from your email or you can depreciation tax shield calculation learn more within your Wave account. Your complete invoicing and billing process is now on your phone. Create, customize, and send invoices from anywhere. If you’re on-the-go, you can also send invoices from your phone or other mobile device using the Wave app.