That’s important, as every touch point with your customers is another opportunity to reinforce your professionalism and outstanding reputation. You’ve made your life easier with a great invoice template. Now find out how much more Wave can do for you and your business by trying our 100% free invoicing and accounting software.

• With a Pro Plan subscription, you can connect your bank account with Wave and automatically import your transactions.
• Wave offers a handful of integrations with other types of services that small businesses are likely to need.
• Toggle Powered by Wave to show or hide the footer on invoices, estimates, customer statements, payment receipts, and reminders.
• It is a user-friendly, intuitive platform even for those with no prior accounting experience.
• Every invoice paid means more revenue coming into your business.

Can I import my data from other accounting apps like Quickbooks?

For example, the rate a freelance web developer charges may be different than that of a freelance graphic designer, because each freelancer waves invoice specializes in a different area. Your invoicing and payment information are connected to Wave’s accounting feature, helping you stay organized. You can also modify any recurring invoice schedules you create directly from the Recurring Invoices page. Click the drop-down arrow to the right of an invoice schedule to find View, Edit, End, View created invoices, and Duplicate options.

Does Wave use double-entry accounting?

• Track the status of your invoices and payments so you can stay on top of your cash flow.
• It’s easily modified by adding extra lines to fill in all the details, and helps keep the revenue coming in.
• To finalize and create the invoice, click Approve draft.
• Since you are self-employed, you need to keep the revenue flowing.
• It’s favored by self-employed professionals in every field because it is intuitive, easy to use, and produces crisp, clear documents.

According to our research, it’s second only to Freshbooks for features, though QuickBooks matches Wave. Accounting transactions in the mobile app are included in Wave’s Pro and Receipts Plans. If an invoice was paid through Wave’s online payment feature, the invoice cannot be deleted, even if it has been cash flow refunded.

Customize your invoices and estimates in your web browser

To complete the steps in this article, log in to your account from a web browser at waveapps.com. The developer, Wave Financial Inc, indicated that the app’s privacy practices may include handling of data as described below. For more information, see the developer’s privacy policy. Wave also handles general finance management, and with the right third-party integrations, it can support CRM, ecommerce, and email marketing as well.

Toggle Powered by Wave to show or hide the footer on invoices, estimates, customer statements, payment receipts, and reminders. 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.

How accepting cards and digital payments works

All payments are subject to a risk review and periodic credit risk assessments are done on business owners because we need to cover our butts (and yours). A 1% fee is applied to the amount you withdraw from your available balance (minimum fee of $1), in addition to regular processing fees.. Deposits are sent to the debit card linked to your account in up to 30 minutes.

Wave does not charge a subscription or any hidden fees. While users never pay startup or monthly fees, Wave does charge a credit card processing fee of 2.9% plus 30 cents per transaction for most cards. This is a typical credit card processing fee that you’ll find on any platform. While Wave provides unlimited invoices, it might be best to look elsewhere if you are looking for more robust account software. Both QuickBooks and Invoice2go offer more comprehensive features like time tracking to easily record billable hours and export them into an invoice. For businesses that carry inventory, QuickBooks Online offers https://www.bookstime.com/ strong inventory tracking that alerts users when the inventory gets low.

However, Wave doesn’t support additional report customization beyond these abilities. This is a bit of an oversight that puts Wave solidly below a handful of the top services – including FreshBooks, QuickBooks Online, Xero Invoice, and Square Invoices – when it comes to analytics. Wave has a wide range of invoice templates & template formats designed for specific occupations. These templates have all the details you need to properly invoice your customers and make sure you get paid on time for your expertise.

Accounting software that works as hard as you do

Switch between automatic and manual billing whenever you want. For automatic or manual payments, your customer can choose between credit card, debit card, or bank payment options. Recurring invoices created from checkouts can only be paid by credit card or Visa debit card. Add credit card and bank payment options to your invoices to get paid faster. Wave takes care of the bookkeeping automatically so that you can focus on running your business. You can click the save button within the app to save your work at any time.