Wave Accounting Erfahrungen

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

We were looking for a low-cost solution, and Wave met our needs for our two subsidiaries. Accounting software that doesn't break the bank. The billing and payment process runs smoothly.

Nachteile

I can only view reports once a year and cannot download individual reports or combine them. It's difficult to plan for cash flow in the financial realm.

Vorteile

I'm been really impressed with this software. It plays nice with my banks, it's easy to go through and reconcile. The reports are a helpful feature.

Nachteile

The receipt uploading app is too slow to be of any real use, IMO.

In Betracht gezogene Alternativen

Quickbooks Online

Gründe für den Wechsel zu Wave Accounting

Price

Vorteile

It seems like it offers the ability to import credit card and bank statements, categorize expenses, and invoice people. Those are the features I want. But...

Nachteile

...I haven't been able to figure out how to smoothly and accurately use the features I want. This app is making my life harder than it was when I just manually typed in all my expenses into a Microsoft Word and added them up with a calculator.

Vorteile

Great reaccuring invoicing. Easy to setup and use invoice and quotation system. Realtime creation of users, invoices, quotes, items, clients. And once invoice or quote is created, or client, it is easy to edit if needed. Also can reassign quotes or invoices to other clients. Multiple email sending.

Nachteile

No credit feature. Doesnt support South Qfrican card services. Cant customise invoice and quote templates.

In Betracht gezogene Alternativen

QuickBooks Desktop Enterprise

Gründe für den Wechsel zu Wave Accounting

Easier to use. All in one solution and doesnt cost anything.

Vorteile

Services available on Mobile & Web. Easy to generate Customer Invoice, quick send to their emails, or pdf. You can never go wrong with the Wave when it comes to wave invoicing

Nachteile

99% uptime. We have experienced a few cases of downtime on the wave services.

Vorteile

This app is amazing, the interface is very easy to use. Creating invoices and sending out to clients is almost effortless. The mobile app is great too

Nachteile

Integrations are a bit difficult to set up and would also like support for different countries

Vorteile

This is the best accounting software for someone who doesn't like accounting. I am not an accounting professional and needed something that was easy to use. I love how I can track my receipts, expenses, income, etc...and everything is user friendly.

Nachteile

I can't think of anything that I dislike.

Vorteile

Friendly pricing for SMBs and it's very easy to use. Included most of the functionalities one needs for SMB related tasks like invoicing & payroll.

Nachteile

It's accounting and bookkeeping functionalities are very limited. We ended up switching to QuickBooks for a more full-suite accounting tool.

Vorteile

Perfect for small businesses, Wave offers an easy-to-use alternative to Quickbooks or the like. It's user-friendly, has many features that get the job done and also has educational resources to help you along the way.

Nachteile

It would be helpful to have a better mileage tracking tool, but otherwise, it has everything I need for a small consulting business.

Vorteile

The best thing about WAVE is its ease of use. It was so easy to learn to use this. Additionally the invoices are really customizable. There is a huge amount you can do with just the free version but if you upgrade to the paid version you can access a lot more of the accounting features and payment features.

I like that for security reasons the software logs you out at the end of the day. The invoices look very professional and are downloadable and can be sent with a pdf attachment. When a partial payment is made you can send a receipt reflective of how much was paid, how, when and with how much balance left. The software will also alert me when a payment is overdue. You can also add tax and discounts to the invoices.

Nachteile

The only gripe I have is that when I made changes to the invoice parameters, I was unable to delete the old parameters because they had been used in previous invoices. It would be nice to be able to "inactivate" or send to "archive" these parameters.

In Betracht gezogene Alternativen

FreshBooks

Warum Wave Accounting gewählt wurde

This software is totally customizable, will send emails to clients automatically and has an accounting component. It is MUCH better and more professional than anything I could do with pages.

Gründe für den Wechsel zu Wave Accounting

cost

Vorteile

I've used Wave since 2009!!! I feel like my company grew with it. It's helped me understand all I was doing right (and wrong!) financially in my business. It helps tremendously when filing monthly sales taxes. I keep a habit of staying organized, verifying all transactions and reconciling with my bank accounts. All of this, plus categorizing everything the right way makes tax time an absolute breeze - my taxes are done in two days and I don't need to freak out about it because everything is organized ahead of time and all I do is input expenses and sales.

Nachteile

What I least like about Wave is that a few years ago they stopped support for free accounts. Absolutely no human support whatsoever. Disagree with that big time!!!
Sometimes also a bank connection will be interrupted and you cannot reconnect for many many months and since there is no support, you are left without any help.
I am a small business of one person and I do not need any of the paid features that Wave offers so I could be upgraded to paid support, so I am always stuck in no human support land. It doesn't feel good, especially to someone who has used this software for as long as I have.

In Betracht gezogene Alternativen

FreshBooks

Warum Wave Accounting gewählt wurde

Absolutely hated QuickBooks. It felt overwhelming, like I needed to go to school to learn yet another piece of software. Absolutely could not get used to the awful interface and I ditched it immediately, although I paid a few hundred dollars for a desktop version that was rendered obsolete by Intuit after 3 years. Apparently, that is quite a frequent practice from Intuit regarding QuickBooks.

Zuvor genutzte Software

QuickBooks Desktop Pro

Gründe für den Wechsel zu Wave Accounting

Interface, ease of use and pricing - FREE!

Vorteile

This software is 100% FREE to use! No gimmicks, no catches. I was skeptical when one of my clients told me he used this. I did NOT want to lean yet another accounting software, but once I logged in and found out how easy and streamlined this software was to use, I was 100% sold on it! The ONLY fees they charge are IF you decide to use their payroll (I highly advise AGAINST using their payroll, it needs an overhaul), or IF you use them for payment processing of invoices you send to clients. The fees for using their payment processing are similar to those of Square and Stripe and a small price to pay for the amazing software. I would encourage you to use their payment processing so this service can remain on the free billing platform with no monthly charges!

Nachteile

1) Reporting abilities are lackluster! No way to print "no receipts attached" reports for clients. 2) Sometimes has glitches. We will work in this software, then log in later and all of the work we did has disappeared. Major panic attacks more than once! Still having problems with one account in particular. If I log in on an incognito window, the work is there again (sometimes). 3) Payroll systems SUCKS. I do not recommend! Square payroll is our go-to! 4) Chart of accounts is OUTDATED and does NOT match Schedule C nor S-Corporation tax return expense line items. We should be able to customize a chart of accounts the way we want it and be able to copy/paste it into other client accounts 5) Accountant login is great except the list is not always alphatized correctly. We should be able to alphabetize and/or sort by PRIORITY account 6) Need an easier/quicker way to upload receipts

In Betracht gezogene Alternativen

FreshBooks

Warum Wave Accounting gewählt wurde

The EASE of use, the FREE software vs. the monthly expese of Quickbooks, How QUICK it is to reconcile monthly.

Gründe für den Wechsel zu Wave Accounting

Free software; easy to use; quick to learn; ease to reconcile; accountant login

Vorteile

Wave helps me do so much. I can issue invoices, track them (I.e. I can see when a client has viewed it!), and allow clients to make payments directly through the invoice. I can also customize my invoice, which is great. I could do all of this from day 1. I'm a solopreneur and launched my business this summer. I was able to issue professional invoices from day 1 and track my expenses using their receipts app. The other thing I love about Wave is that they are very interested in feedback from their customers. I've had a few interactions with them and it's always been really pleasant. It's also free which helps me out a lot. I do use the credit card payments, which has a fee like any other service would.

Nachteile

Their mobile app could use some work, and I've given them this feedback. The receipts app is great to take pictures really quickly, but I generally have to use the browser to do anything else.

In Betracht gezogene Alternativen

FreshBooks und Quickbooks Online

Warum Wave Accounting gewählt wurde

I needed something professional and long term.

Gründe für den Wechsel zu Wave Accounting

The core software was pricey and I could have easily used Word and Excel and if I wanted a 'free' option. I also didn't need all the bells and whistles, so paying so much for this service didn't make sense for me.

Vorteile

It's everything I need in one place. As a small business, Wave is the best solution for me. I can invoice my clients for free, and easily keep my finances up-to-date making tax season worry free.

Nachteile

Wave no longer integrates with CapitalOne Spark Business accounts, so I have to manually upload two bank statements every month into Wave; One for my checking and one for my savings account, both of which are Spark.

In Betracht gezogene Alternativen

QuickBooks Desktop Enterprise und Zoho Expense

Warum Wave Accounting gewählt wurde

Quickbooks is too expensive and more difficult to use. Wave is a miracle.

Zuvor genutzte Software

QuickBooks Desktop Enterprise

Vorteile

Wave is super simple to use. It's well laid out, intuitive and easy to use. I've been using Wave for years after switching from Freshbooks.

Nachteile

Occasionally, Wave has issues sending invoices to Gmail addresses. This is very surprising given how prevalent Gmail is and I would hope they'd sort this out.

In Betracht gezogene Alternativen

FreshBooks und Quickbooks Online

Warum Wave Accounting gewählt wurde

One of my customers turned me onto Wave. I wasn't necessarily looking to switch, but after checking them out it was an easy decision to make.

Zuvor genutzte Software

FreshBooks

Vorteile

This makes my accounting SO EASY! Not only am able to easily keep track of my expenses and costs associated with my business, but I'm able to create, issue, and track invoices. AND, to top it off, the invoices are so nice looking (which, as a designer, is a big deal to me).

I can not only issue invoices, but track whether they have been opened, viewed, and/or paid. And when it comes to figuring out my taxes, the system makes it so simple to get whatever information I need.

Finally, while I don't use it yet, I will be enabling online payments this upcoming year so my customers can pay their invoices online. Based on my experience thus far, I have NO doubt it will be great!

Nachteile

This is a difficult one as I really don't have a dislike....

If I really think about it, I guess I wish I could have different addresses (for me) on difference invoices based on the customer. I have two locations so it would be nice to be able to just issue invoices with different business addresses based on the customer.

Vorteile

Other than the fact that the software is free to use, I mostly love that it was built for Small Businesses. I Have personally made use of the software since 2013 and recommend it to every business owner that I come across. Most people think that you MUST pay for accounting software to get a good product but this is simply not the case with Wave!

Nachteile

It is difficult to fault this. I guess if anything, I wish it integrated with more platforms such as WooCommerce, and Zoho CRM. With the intergration I would be able to streamline my business process a little better.

Vorteile

Right off the bat, perhaps the biggest pro of Wave Accounting is the fact that it is 100% free. A simple plug & play app that allows users the ability to have an accounting software to keep their books in order. Also, like QuickBooks, the feature that allows users to attach source documents with the transactions is a huge plus. It is very useful in Fiji because our Tax Authority conducts random audits & failure to produce source documents results in huge fines and penalties. The home look as soon as you login is very useful too. It shows the expenses breakdown over a certain period along with other charts like your Profit & Loss as well as your cash flows. Wave Accounting is really good for small & medium business owners who have limited accounting knowledge. The software does the work for them and it is very straightforward.

Nachteile

Perhaps the biggest drawback for me is the difficulty in producing specific reports. I tried to produce an Accounts Payable report to see the Tax Input the business had for the 1st Quarter of 2020. However, the options provided was limited and therefore key fields were left out of selection. Although you could import data from Wave Accounting to Excel, it is very limited. Also, being in Fiji, I noticed that features like Payroll & Banking options are not available here. This was a drawback especially because Bank Reconciliation had to be manually done on an external app or software.

In Betracht gezogene Alternativen

QuickBooks Desktop Enterprise

Gründe für den Wechsel zu Wave Accounting

I chose Wave Accounting because it was free.

Vorteile

First of all, it is completely FREE part from other optional extra services that have recently been added at a cost. Very easy-to-use in creating invoices and billing customers. I was able to integrate with my startup business processes and it improved our professionalism. I loved the app because I could easily manage my business finances from my mobile phone, follow up on due payments, track payments, monitor cashflow, and also customize all correspondence with my brand colors and logo.

Nachteile

I was sad when most features were limited to US residents and I also couldn't access the mobile app in the app store for my region. Users outside the USA might have some limitations especially with connecting banks or credit cards and no access to the mobile app

In Betracht gezogene Alternativen

Zoho Invoice

Gründe für den Wechsel zu Wave Accounting

It was free and easy-to-use

Vorteile

Wave Accounting is a great choice for small businesses looking for free, easy-to-use, and comprehensive accounting software. Here are some of its benefits:Free: Wave Accounting is free software, which is a big plus for small businesses looking to save money.Easy to use: the software is easy to use and does not require special accounting skills. The platform is user-friendly and intuitive, making it easy to manage your finances.Comprehensive: Wave Accounting offers a full suite of features for managing accounting, including invoicing, payroll, expense and income tracking, and detailed financial reporting.Accessible anywhere: Wave Accounting is a cloud-based solution, which means you can access it anywhere with an internet connection.Integration with third parties: The software is integrated with many third-party tools such as PayPal, Shoeboxed, Etsy and many more, which makes it easier to manage your business.All in all, Wave Accounting is a great choice for small businesses looking for free, easy-to-use, and comprehensive accounting software.

Nachteile

Although Wave Accounting is a good choice for small businesses, there are some points that can be problematic for some businesses. Here are some of its drawbacks:Limited customer support: Wave Accounting offers email-only customer support, which can be a problem for businesses that need immediate assistance.Limitations in payroll management: Payroll management in Wave Accounting is limited to certain regions, which may not be suitable for companies that have employees in different regions or countries.Limited customization: Invoices and quotes in Wave Accounting are not very customizable, which can be a problem for companies that want to customize their documents to make them look more professional.No automatic bank reconciliation: Wave Accounting does not allow automatic bank reconciliation, which can be a cumbersome task for companies that have many transactions to manage.Advertising in the software: Wave Accounting displays advertisements in the software, which can be a distraction for some users.In sum, although Wave Accounting is free and easy to use accounting software, it has some limitations that may not be suitable for all businesses, including limited customer support, limited payroll management, limited document customization , the absence of automatic bank reconciliation and the presence of advertisements in the software.

Vorteile

Wave Apps software features not only very beautiful interfaces for their products' dashboard, but the platform is at once very feature-heavy and thoughtfully well designed. The aesthetically-pleasing graphics for content such as cash flow, profit and loss, and expense breakdowns on the primary dashboard are sharp and clean in addition to being so helpfully data-driven, and all that is just on the landing page. As you navigate through categories of sales, purchases, accounting, banking, you experience how well-constructions the pages are for options within each section including sales, purchases, accounting, etc. I love just how many of the feature-heavy options are completely *FREE.* Wave Apps offers select premium services, such as Wave Advisors and bookkeeping, even business insurance with "NEXT," while offering things such as accounting, invoicing , etc. free of charge. It's an excellent product for anyone looking for a beautiful interface, but also wanting lots of features without needing to immediately spend money for quality products.

Nachteile

So many elements within Wave are intuitively navigable and to use with simple data entry. One area that was a little more challenging for me to set up with the chart of accounts section in the accounting area of the interface. It's so nice that it's deeply customizable, but the challenge was that it took me a little extra time to understand and knowledgeably input the data of my assets, liabilities/credits, income, expenses, equity. This is something that would be challenging for anyone not familiar with basic accounting on any software, so I probably would've benefitted from a few "help" pop-ups/set-up assistance here than perhaps some other areas. Where my limitations with setup start is however where Wave's premium products with bookkeeping and accounting are so valuable to the user. There are many great pop-up notices throughout the platform that inform you about new features of ways to most effectively use Wave Apps features, which is great, and of course, they're complete with beautiful graphics.

Vorteile

Wave is free to use which makes it excellent for my small business. It has an app to facilitate easy upload of receipts for my expenses. Being cloud-based enables me to access my accounting from my clinic or my home office (or on the go) with ease in real-time. It syncs with my RBC account to import my transactions and is very user-friendly.
Customer service is friendly and responsive.

Nachteile

My complaints about this software are very minor. There is an option to "save and send" invoices by email with a single mouse click, but to print the invoices takes three clicks.
My other complaint is that there is no simple Customer Statement to print. The Customer Statement that is available shows every transaction posted, so for most of my clients there will be three entries for each visit to my clinic; one invoice date, one copay payment, and one insurance payment applied. I would prefer to be able to generate this statement showing a list which includes ONLY the invoice date and total amount charged.
They are very minor complaints. I am quite pleased with this product.

Vorteile

Wave is free, and packed with features one would typically pay for in other premium products. Wave is the perfect accounting solution for small businesses. For starters, it offers all the essential features ANY business needs... plus more. Manage estimates, invoices, and statements with ease. It even supports recurring invoicing, manage payments, and build a massive library of products and services to choose from for your estimates and invoices. Wave even manages receipts, bills and vendors to track expenses. Like more control than just simple single entries? Wave supports traditional double-entry accounting as well, for increase control of your business accounting needs. Need to accept credit card payments? Wave has a built-in merchant account feature that let's you collect payments online through your invoices. Make email invoices, or attach them as PDF files. And when you get paid, Wave notifies you. Funds are transferred to your connected business account in a couple of days. Reporting? Wave has you covered. All essential reports are available at your fingertips: financial statements, taxes, customers, vendors, and other general reports. And if your business has employees, Wave can handle your payroll. But this feature is a premium... everything else is part of your free account.

Vorteile

Wave Accounting is a really great idea. Simple bookeeping for people that don't have "accountant-minds." It gets into a space where programs like Xero and Zoho Books are a little too complicated for non-accountants and creators.

It's got a fantastic UI.

Easy to use.

Fairly easy to setup.

Way more intuitive than competitors like Zoho Books and Xero Accounting.

Nachteile

Support is really slow. I get that it's a free service, and therefore you have paid support working for free customers. But support takes days to get back to you. So once you're setup, it's fine. But if you have a question or two doing setup, like I did, it takes an extraordinarily long time.

Granted, most people using this might not have to deal with multi-currency and Paypal in particular, but it's something to keep in mind.

Also, the bank connections sometimes fail. Although this is a problem with all of these services who use Plaid to get bank data.