Wave
Wave is a light weight application specalizing in accouting services for small business. Some of the features included in Wave are bookkeeping, invoicing, payroll management and online payments. The design philosphy behind Wave is to make managing the finances for your small business easier, allowing business owners to focus on managing their employees and products. Wave's invoice creation tool lets uses choose from a set of template designs, allowing for business owners to create invoices tailored to their business. This allows business owners to have access to professional looking documents without the hassle of paying a third party to develop templates. By being cloud based, Wave allows users to access their business data from anywhere. Accessing banking information, accounts payable, and payroll can be done from your phone or mobile device, letting you keep track of your profit and productivity on the go. Wave also supports credit card payment processing, allowing you to get paid faster without the hassle. By using Wave, you can reduce your payment processing time to as little as two days after receiving payment for an invoice.
- Receipt Scanning
- Cloud Based Accounting
- Payroll Management
- Credit Card Processing
- Invoice Manager
- Book Keeping
- Report Exporting
- Easy To Use
- Free for Basic Service
- Competitive Pricing
- Excellent Interface
- Excellent Report Generation
- Great Account Management Tools
- Requires Internet Connection
- Poor Customer Service
- Slow Load Times
Wave is a web based client, meaning that you don't have to be locked to an office to use it. This is a great feature for business owners who are out of the office often, and don't have time to sit in front of a computer. By being web based, Wave also gives users the ability to be more efficient by allowing business owners to view their accounts while on the bus, in line for coffee, or sitting at a red light. Wave is also free to use for the most part. The accounting software for small businesses is free, allowing users to create invoices and manage their accounts. Other features such as payroll and credit card processing can be added for a price. Report generating is very easy to do, and provides your businesses information in an easy to read way. Wave combines some of the most needed small business features into one easy to use platform. Whether you are generating a contact list or creating an estimate for a new client, Wave is an excellent tool. One of the most common downsides to using Wave is the customer service. Wave has a notoriously bad customer service rating from its users. New Wave users should expect to wait days for responses for their questions, and the customer service representatives are usually less than professional. Another problem that new Wave users should anticipate is slow loading times. Due to being cloud based, every user must communicate with the Wave servers where their information is stored. During high traffic times, this can mean that it could take minutes for a page to load or a report to generate. Since Wave is cloud based, it does require an internet connection to use. This may not be an option for some business owners.