While other software solutions have a premium plan that provides advanced features for growing businesses, Wave does not provide more advanced accounting plan options outside of its one free plan. Wave offers a decent range of invoice creation tools and abilities. While the number of core templates is a little low at just three, you’ll be able to add a company logo, customize colors, and include customer notes. The invoices can calculate taxes and create estimates, while offering multi-currency support – all useful features for a versatile invoicing service. 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.
See pending and completed payments from project-based and quarterly clients in one dashboard to identify revenue ebbs and flows and plan accordingly. Track customer views and invoice payments in the Wave dashboard so you always know where you stand with sellers, property managers, buyers and renters. Give your customers the option of paying with one click using a credit card, bank transfer, or Apple Pay. Yes, Wave’s accounting software automatically generates two entries for every financial transaction. This method of accounting—known as double-entry accounting—ensures account balances are correct and minimizes errors.
Essential parts of an invoice
One of Wave’s most popular invoicing features is the ability to create user-friendly customizable templates. Not only can you customize the invoices to fit your brand, but you can also set up recurring invoices and automate credit card payments for repeat customers. Once invoices have been sent, you can easily waves invoice track the status of each invoice to see if they are viewed, unpaid or Overdue. All payment information automatically syncs with the free Wave Accounting software included in your service, making accounting easy. Square also offers invoicing and online payments as part of its small-business solutions.
Wave’s payroll service’s functionality is defined by whether you live in a state that allows a third-party service to file for you, or if you need to do it yourself. Live chat and email are available for Wave Payments customers Monday through Friday from 9 a.m. One click on the “Review & Pay” button in your invoice email. A few taps of the keyboard to enter their payment details. Want to look more polished, save more time, and conquer cash flow? You can use the invoice generator as much as you want.
Ratings and reviews
Wave supports its own first-party payment processing, but won’t allow any third-party integrations to process payments through the Wave platform. Square’s basic invoicing options are free, but businesses can pay $20 a month for advanced features. The drawback of just offering one plan is that it limits room for growth.
- Money is typically deposited into accounts within two business days and all payments are recorded to have you set when tax season rolls around.
- Square’s basic invoicing options are free, but businesses can pay $20 a month for advanced features.
- Approval is subject to eligibility criteria, including identity verification and credit review.
- Note that you will pay credit card processing fees on all applicable transactions.
- We believe everyone should be able to make financial decisions with confidence.
- The drawback of just offering one plan is that it limits room for growth.
This is a bit of an oversight that puts Wave solidly below a handful of the top services – including FreshBooks, QuickBooks Online, Xero Invoice, and Square Invoices – when it comes to analytics. However, some information isn’t available until payments have been received, which can delay the company’s ability to investigate a business further. This has led to some customers having their funds held or refunded.
