Wave

• Free Accounting Software Available to Small Businesses
• Over 3.5 Billion Customers
• Bookkeeping and Accounting Coaching Options

Free Accounting Software Available to Small Businesses

Small businesses have enough to worry about. Accounting is not one of them, thanks to Wave. Wave offers free online help for accounting needs and also offers exclusive programs with access to more tools, options, and trainings.

Wave makes money from financial services that make running your business faster. It offers payroll services in Canada and the United States. The company allows businesses to accept payments online so you can get invoices paid faster; it charges a competitive 2.9 percent + $.30 fee to process credit cards, and 1 percent for bank payments (where available).

Free Services

Accounting services

• Have unlimited income and expense tracking
• Have unlimited credit card and bank connections
• Have unlimited guest collaborators
• Run multiple businesses from the same account

Invoicing services

• Be able to invoice in any currency
• Quickly send estimates and turn them into invoices upon approval
• Personalize your invoices

Receipts service

• Receipts can be scanned with iPhone and Android apps whenever, wherever
• Receipts are automatically recorded as accounting transactions in Wave’s Software

Pay Per Use Options

Credit card processing — 2.9 percent + $.30 fee to process credit cards

• Get paid out in two business days
• Customers pay by any major credit card right from the invoice

Bank payments (ACH) — 1 percent per transaction ($1 minimum fee)

• Get paid out in two to seven business days
• Customers pay right from their bank account

Monthly Payroll Option

California, Florida, New York, Texas, Illinois, and Washington
$35 monthly base fee
+ $4 per active employee
+ $4 per independent contractor*

• Wave handles your payroll taxes.
• These six states include tax services from Wave. This means it automatically transfers tax payments and file the paperwork with your state tax office and the IRS.

*1099 Filing included for contractors paid via direct deposit, and available for $4 for any additional contractors on payroll

Self-service states — all other 44 states
$20 monthly base fee
+ $4 per active employee
+ $4 per independent contractor**

• You fill out your own payroll tax with Wave’s guidance.
• You’ll purchase and file the paperwork yourself. Wave makes it easier by giving you information and how much money you’ll need per payroll.

 **1099 Filing available for $4 per contractor

Over 3.5 Billion Customers

Companies that grow, grow for a reason. This company has already become one of the biggest expense management companies in the industry. With over 200 billion in revenue, 3.5 billion customers, and over 200 employees, Wave is one of the largest and fastest growing companies in the industry.

Bookkeeping and Accounting Coaching Options

Bookkeeping — $199/mo
Bookkeeping is one of those tedious tasks that you have to do. Wave has an option in which it will do the bookkeeping for you. The bookkeeper will take care of your monthly financial tasks:

• Catch up on past months you didn’t have time to complete
• Speak with your tax accountant
• Reconcile accounts
• Call monthly to give insights
• Organize your transactions
• Organize your income statement and balance sheet

Accounting Coaching Option — $249/one time fee
This may be a cheaper option than the bookkeeping option but can help a small business learn how to accomplish its accounting goals. This meeting can help you become a better bookkeeper and use Wave quickly and efficiently:

• 2-hour live coaching
• 30-day email correspondence with coach
• Learn how to bookkeep
• Set up your online account
• Transfer information from other sites
• If you have an existing account, the coach will review and fix it

Both options can be useful for small companies that need help doing these things the right way.

• Live Chat

Live Chat

Live chats can be useful when you have an inquiry or a important problem that needs to be addressed. Although live chats are available through Wave, this feature is only offered to paid customers.