Some automations are also only available on Wave’s paid plan. If your business needs these features or automations, check out these top Wave alternatives to fully explore your accounting software options. It’s hard to beat free accounting software, especially if you’re running a small business on a budget.
- When it comes to integrations, Wave is pretty limited, although it does support a much-needed Zapier integration, which connects Wave with 1,000+ add-ons.
- Wave has recently updated its pricing model to now include a paid plan.
- If your business needs these features or automations, check out these top Wave alternatives to fully explore your accounting software options.
- The app offers a receipt scanning feature as well, but you have to pay a subscription fee to access it.
It’s been one of the best decisions I’ve made when it comes to making sure my accounting is on point. Ready understanding a bank’s balance sheet to invoice in style, bookkeep less, and get paid fast?
Furthermore, customers using the free Starter plan will have limited support options. Similar to other reputable cloud-based accounting software products, Wave encrypts the data you share with it and monitors its server facilities 24/7. While Wave has a lot to offer when it comes to invoicing, know that it’s still slightly less automated than some competitors. This isn’t necessarily a deal-breaker, but it might require a bit more bookkeeping work. Wave’s software is simpler—designed for easy use for freelancers and small businesses—while QuickBooks’ platform is designed to cover complex business needs and grow as your business grows. If you’re a freelancer or other solo service provider, Wave is a better option.
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Wave Starter Plan
Some features are also only available on the paid Wave Pro plan. Wave is cloud-based software that boasts a solid set of accounting features suitable for most small businesses. In our last review, we found these features especially appealing because they were all completely free with no artificial limits. Create beautiful invoices, accept online payments, and make accounting easy—all in one place. Finally, if you need extra help with your bookkeeping, accounting, or taxes, Wave Advisors is a service you can add to your account.
On the other hand, QBO only supports up to 25 users on its most expensive plan. Additionally, QuickBooks does not have a free plan like Wave, with prices starting at $35/month. QuickBooks Online’s detailed reporting and transaction tracking is ideal for growing businesses. FreshBooks is an affordable option for freelancers and small service-based businesses that operate mostly on the go. Moreover, you can integrate QuickBooks with hundreds of third-party tools available in the app marketplace.
Wave: Small Business Software
Today’s leading accounting platforms offer standard security features, such as data encryption, secure credential tokenization and more. While human error will always play some role in security breaches, you can be confident in your accounting platform when it comes to keeping your information safe. You can invite your accountants, bookkeepers or other business partners to Wave via email and designate their user roles.
The most basic plan, Simple Start, costs $30 per month, and the top-tier Advanced plan costs $200 per month, which is a sizable investment if you’re running a business on a tight budget. Although accounting and invoicing are separated into two different product sections on the Wave website (shown similarly below), they don’t require separate accounts. These solutions are integrated within your dashboard and you’ll access them both through your single Wave login. After providing a few basic details about your business — name, type, currency you use, address — you’ll have instant access to your account. We believe everyone should be able to make financial decisions with confidence.