Accounting Software for Small Businesses

Your employees can log into Wave securely to access their pay stubs and T4s, and manage their 3 ways to account for customer deposits contact and banking information. Keep compliant and save time by having Wave handle your Canada Revenue Agency tax remittances on your behalf. Between the app and the payment process—I can’t tell you the hours it’s saved, and even the headaches that have gone away because of it.

Doing payroll manually involves confusing and time-consuming calculations. Not to mention the stress of worrying about making errors and winding up in a tax audit (yikes!). We totally get it—running payroll for your small business can seem like a daunting task, especially when you’ve got so much on your plate. That’s why a payroll software like Wave’s can help ease the burden of doing payroll on your own. We’ve also crafted a guide to small business payroll to help you navigate the process. Automated, accurate payroll helps you stay compliant, save time, and be stress-free.

Recurring billing for repeat customers

With the Pro Plan you can also set up recurring payments, auto-reminders, and deposit requests to make sure you always get paid on time. Every invoice paid means more revenue coming into your small business. Create and send professional invoices to your customers in seconds. Connect your bank accounts in seconds with the Pro Plan.

1. When everything is neatly where it belongs, tax time is simple.
2. Know when an invoice is viewed, becomes due, or gets paid, so you can stay on top of your cash flow better than ever.
3. At any time, you can activate to start your billing cycle and gain access to items like tax filing and approving payrolls beyond the current month.
4. Wave has helped over 2 million small business owners in the US and Canada take control of their finances.
5. You can accept credit cards and bank payments for as little as 1%2 per transaction.

We built our payroll tool for small business owners, so it’s easy to use AND teaches you as you go. These 14 states include tax services with the option to automatically transfer tax payments and file the paperwork with your state tax office and the IRS (this excludes 1099 Filings). Deposit payments quickly, reliably, and directly into your employees’ bank accounts.

Invoice on-the-go and get paid faster

Transactions will appear in your bookkeeping automatically, and you’ll say goodbye to manual receipt entry. A common issue when invoicing in Microsoft Word, Excel, or other DIY solutions is making calculation errors. Wave’s invoicing software for small businesses removes the worry of making these errors because calculations are done for you, including the taxes. The Wave app lets you easily generate and send invoices to your clients wherever and whenever you need to. When everything is neatly where it belongs, tax time is simple. Wave’s smart dashboard organizes your income, expenses, payments, and invoices.

This app is super helpful, the main issue I have while using it is the lag. When inputting information the character count for it is super slow/delayed to where it forces me to stay on a certain page until it registers that information has been inputted. After inputting information and trying to click done at the bottom it will not register unless I swipe the keyboard away. The import from contacts button does not work at all and the layout to get to customers invoice is great after learning where it is. Not being able to see or input the expenses unless I pay for the quick receipt plan in app is kind of a bummer.

Check out our handy support article to learn how you can switch to using Wave’s payroll feature. Bank data connections are read-only and use 256-bit encryption. Servers are housed under physical and electronic protection.

With a Wave Pro subscription, you’ll have recurring billing and other automation features. Schedule everything, from invoice creation and invoice sending, to payment collection and overdue payment reminders. Know when an invoice is viewed, becomes due, or gets paid, so you can take the right actions to manage your cash flow. Set up invoice reminders to automatically email your customers when payment is due. All your invoicing and payment information automatically syncs with our free accounting software included with your account. With the Pro Plan, automatically import, merge, and categorize your bank transactions.

Unlimited billable customers at no additional cost

Set up recurring invoices and automatic credit card payments for your repeat current balance vs statement balance customers and stop chasing payments. Create beautiful invoices, accept online payments, and make accounting easy—all in one place. You don’t have to wait for a new quarter or year to start using payroll software—you can start running payroll at any time! And if you’re switching providers, you can make the transition easily by importing all the necessary forms and information in just a few minutes.

Easily monitor and keep track of what’s going on in your business with the intuitive dashboard. The quick summary allows you to stay in control of your business finances, including a task list of outstanding items. “Wave invoicing makes your life a whole lot easier and takes that worry off you. I’ve tried Quickbooks—it’s a bit more complicated and technical, and takes more time to set up.” The developer, Wave Financial Inc, indicated that the app’s privacy practices may include basics of forensic accounting handling of data as described below. For more information, see the developer’s privacy policy. Send invoices whenever and wherever you want with Wave’s free app for iOS and Android.