Wave Accounting

Vorteile

Wave is ideal for freelancers. Set up is really simple and the interface is user-friendly. I have zero background in financial matters, and with Wave that's totally fine.

The price is also right. There's no subscription or hidden fees, they just take a perfectly reasonable percentage from invoice payments. I asked a financial advisor friend of mine before signing up, and she was pleasantly surprised by the low rates, and told me to go for it. I've been using Wave for over 3 years, and I have never once been hit with a fee outside of the basic rates.

Wave also provides a host of reporting and tracking tools in this basic account. They didn't influence my decision to sign up, but they've proven to be very useful.

And finally a small but really helpful feature, especially if you're a freelancer just starting out: immediate money transfers. Once someone pays your invoice, the money is in Wave, and takes 2-3 days to transfer. For 1% more payment, you can transfer money within minutes. For the cash-strapped freelancer, that can be mana from heaven.

Nachteile

There are no major cons that I can think of. One issue I have is mostly my fault: When I first started using Wave I didn't know what I was doing, and I ended up creating a whole bunch of client and work type records unnecessarily. It would be nice if there were some more in-your-face tutorials, maybe some hover tips for new users. But the messiness is mainly from me leaping in before looking.

In Betracht gezogene Alternativen

Quickbooks Online und Zoho Expense

Gründe für den Wechsel zu Wave Accounting

It was the cheapest option, and the most user-friendly looking. I have no background in finance and didn't want complex features built for accountants - Wave has those features, but only if you want them.

Vorteile

The most liked part of is Real-time financial reporting as it provides up-to-date and accurate insights into a business's financial performance, allowing for informed decision-making and monitoring of key metrics.

Nachteile

Wave Accounting does not have advanced features that allow us to directly connect to other systems to import the data through an API instead of manual input.

In Betracht gezogene Alternativen

Salesforce Sales Cloud

Warum Wave Accounting gewählt wurde

Abila is not as user friendly and doesn't work very well with our flexible needs.

Gründe für den Wechsel zu Wave Accounting

Salesforce is very expensive and did not meet our budget and skills.

Vorteile

Wave's ability to automatically categorize and track receipts. Another feature I must mention is the invoicing capabilities. These features are more than essential to the small business owner and are easy to generate on the go quickly with the mobile application.

Nachteile

One aspect of Wave that could be improved is the mobile applications' ability to manage payout accounts. Also, the receipts feature remaining free would be a huge value add for logistics company owners.

In Betracht gezogene Alternativen

Quickbooks Online

Warum Wave Accounting gewählt wurde

Cost, UI/UX, Features

Zuvor genutzte Software

Quickbooks Online

Gründe für den Wechsel zu Wave Accounting

Cost, UI/UX, Features, Receipt Tracking

Vorteile

I love the invoicing services, it is easy to use

Nachteile

I dislike the bank transaction screen and I dislike how bank accounts disconnect and some times when you refresh it will duplicate your transactions

Vorteile

first.. it is free. Hard to beat having a free accounting software, let alone one this useful.It can connect right to your bank account (if you have a good bank)invoicing is super easy and includes tracking so you know if invoices have been viewed

Nachteile

Nothing you can really complain about.Support is almost non-existent, but you're not paying for it and the help docs are decent enough.could be more customizable, but it is accounting software... it doesn't need to be fancy.

In Betracht gezogene Alternativen

FreshBooks

Gründe für den Wechsel zu Wave Accounting

simply put.. it did what I needed without too much hassle and all for free.