New for our Wave integration: Find sold products or services Updates

Wave Accounting is an ideal choice for micro-businesses with less than 10 employees, contractors, freelancers and other service-based businesses on a budget. This financial management platform is user-friendly and approachable — especially Wave Invoicing 2020 for those with no prior accounting experience — yet fully functional. It allows you to manage bookkeeping, accounting and invoicing in one place through internal integrations. Wave handles invoicing quite capably, with some exceptions.

Plus, it’s the only business bank account that manages bookkeeping automatically. If you don’t need features such as invoicing and payroll (some SMB’s may find these handy. From a personal perspective, I did not), the accounting software is completely free.

Wave Accounting Tutorial — Introduction to Wave Accounting for YouTubers (

Instant Payouts is available 24/7, even on bank holidays. Connecting to your financial accounts is an especially important task since Wave is built on this exchange of data. Wave uses Plaid to set up connections to financial institutions, and it works like it does on other sites. You enter your online login information for a bank. Wave texts or calls you with a code to verify your identity, and then imports your first batch of transactions. Every other sole proprietor-appropriate application we reviewed here charges for basic accounting. Patriot Software Accounting costs $20–$30 per month, and Lendio has moved some of its free features into a paid product that costs $19.99 per month.

Additional terms and restrictions apply; See Guarantees for complete details. The average Wave business https://www.wave-accounting.net/ pays more than $425 in annual bank fees1. With Wave Money there are no fees and no account minimums.

Features of Wave accounting :

There are more, specialized fields if you designate a vendor as a 1099 contractor, however. Wave is Level 1 PCI-DSS certified, which means the company undergoes an annual third-party audit to validate its practices. All your information is encrypted while it’s moving over the internet. The facilities are monitored 24/7 and access to your information is strictly controlled.