Wave Invoicing Review 2024: Features, Pros & Cons

You can also manage late payments more efficiently through e-invoicing by setting up payment reminders to send to your customers before an invoice due date. Make it easier for your customers to pay you through a Wave what is a high net worth individual hnwi invoice, right from their bank accounts. Wave’s online payments feature lets you accept bank payments, quickly and easily. Quickly create and send unlimited invoices, look like a pro with customizable templates, and get paid fast with online payments.

Sign up for a Wave account so that everything flows right into your accounting records and your bookkeeping will be done for you. 1 Payouts are processed in 1-2 business days for credit card payments and 1-7 business days for bank payments. Deposit times may vary due to processing cutoff times, third party delays, or risk reviews. Our invoicing, online payments, accounting and bank connection features give you a unified view of your income and expenses – no need to log in to multiple apps or tools. Until then, the software is still a good solution for small business owners looking for simple, easy-to-use accounting software that won’t break the bank. Wave’s customer support resources and new Wave Advisor services make it easy for people with limited accounting experience to learn the software.

1. Simply add or subtract lines to describe specific details and services.
2. Save more time with even more features and stop chasing customers for your hard-earned money.
3. Pricing is transparent, there are a decent number of add-ons, and even the paid plan is pretty affordable.
4. See pending and completed payments from project-based and quarterly clients in one dashboard to identify revenue ebbs and flows and plan accordingly.
5. Electronic invoices are created with online invoicing software or other cloud-based services, which makes it easy to automate the invoicing process.
6. You can mark invoices paid on the spot, so your records are instantly up to date.

Invoice on-the-go and get paid faster

Wave was designed specifically for small business owners like you – no CPA required. With our intuitive dashboard, you’ll be a money management pro in no time. Get your money faster when you offer customers the ability to pay directly from your invoices, starting at 2.9% + 60¢ per card transaction. When rating accounting and invoicing software, we use a 47-point rubric that looks at pricing, ease of use, features, customer service, and user reviews.

Wave Invoicing Review 2024: Features, Pros & Cons

Visit your dashboard or use your invoicing or accounting features, and click the peach “Upgrade now” button. Learn more about changing subscription periods and plan types, and how to cancel your Pro subscription in our Help Centre. Overall, we rate Wave 3.9/5 and recommend it for business owners looking for a cheap — or in most cases, free — accounting software option. Wave offers a decent number of support resources to customers, but the response times can be slow. Furthermore, customers using the free Starter plan will have limited support options.

It’s easily modified by adding extra lines to fill in all the details, and helps keep the revenue coming in. Give your customers the option of paying with one click using a credit card, bank transfer, or Apple Pay. The Wave app lets you easily generate and send invoices to your clients wherever and whenever you need to. Make it easier for your customers to pay you right from their bank account. Save more time with even more features and stop chasing customers for your hard-earned money.

We weigh each section differently to calculate the total star rating. Xero also doesn’t support multiple businesses, so pricing can add up quickly for some users. And it’s worth noting that while Xero has more features, the software also has a steeper learning curve than Wave. This invoice template is flexible so it can be used to bill all your clients – no matter what their needs. Simply add or global financial crisis and toxic assets subtract lines to describe specific details and services. Your clients will clearly see the work you supplied and the cost.

Tax Support

Enable invoice payments by credit card for a pay-as-you-go fee as low as 2.9% + 60¢, and watch the money roll in. Get paid on time, every time with automatic payments for your repeat customers using the most powerful invoicing scheduler anywhere. Create and send customized invoices, estimates, and annual net income receipts in seconds.

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. Wave has recently updated its pricing model to now include a paid plan. Now, many standard features (such as automatic importing of bank transactions) are only available if you purchase a monthly or annual plan.