Wave Apps

Business Tools

Hi guys! About three days ago I remembered that I used to have a blog - and I completely ignored it for a many months now ( I know, not good at all). But when I realized I started feeling bad about it - this usually happens during summer. You see, during summer I make all this plans about what I want to do, how to do it and so on. Yes, I know it is an odd time to plan business tactics when my number one goal should be planing the "beach calendar" for this summer plus a vacation - at least a week. But nooo, I don't function like that -  I do instead take vacation during winter and work during summer. Fun fact. 

Now, let's not forget why I'm writing this post.

 I would like to share with you one business tool that I found accidentally and that I believe it's a great addition to your business if you need invoicing, online payment from clients and anything in between tracking your income, payroll or tax reports. Oh, and many other great tools are integrated into this online "small business invoicing, accounting and more" app.

Wave ( www.waveapps.com) is a neat online application to support ones small business or freelancing gig and definitely will improve ones image and professionalism. With a user friendly interface, everybody can customize the look of the invoice, add products or services and be ready to send an invoice or business quote to a client in no time. By the way, this is all FREE; I think I forgot to mention that. Yes as in FREE! We all like free things, right? Of course, they do offer paid services that are very convenient and very decently priced, we'll brifly discuss this later.

100% free services as the Wave team is presenting them on their site  under the Pricing tab.

https://www.waveapps.com/pricing/

And the paid services as well

https://www.waveapps.com/pricing/

Besides the free and paid services overall the app has great design, it is user friendly and integrates well in today's fast paced digital environment - the Invoice by Wave app - iPhone and Android versions avaiable - is a great addition to faster and easier send quotes and invoices to clients on the go and not miss a business opportunity ever again. And as a bonus, the guys at Wave developed a Receipts app for iPhone to keep track of spendings and digitally organize paper receipts. The Receipts by Wave can be downloaded here 

Let's break it down a little further. This is all information that can be easily found on the Wave website

Accounting  features listed on the wave app includes

  • No training required; fast setup and easy actions
  • Unlimited bank and credit card connections
  • Unlimited income and expense tracking
  • Unlimited guest collaborators: invite your accountant or business partner
  • Includes unlimited customizable invoicing and receipt scanning, too
  • Customizable sales taxes
  • Accountant approved: real double-entry software
  • Journal transactions
  • Run multiple businesses in one account
  • At-a-glance dashboards, including cash balances and invoice status
  • Automatically generated accounting reports: P&L, sales tax report and more
  • Accept payments in a foreign currency
  • Automatic exchange rate calculations
  • Easy account reconciliation
  • Secure connections, with 256-bit encryption
  • Software in the cloud, so you can work anywhere, any time
  • Automatic data backup
  • Bill and invoice reminders
  • Connect Wave with PayPal, Shoeboxed and Etsy
  • Free online support, direct from Wave headquarters
  • Seamless, instant updates with your invoicingpayroll and payment data, too
  • Includes free personal finance tools
  • Cash Flow Report
  • Comparative Reporting
  • Report exports (CSV, PDF)
  • Fully customizable expense/income categories (chart of accounts) with Account ID’s
  • Automatic payment transaction reconciliation for Payments by Wave users
  • and more!

Invoicing 100% free features include

  • Invoice in any currency
  • Quickly send estimates and turn them into invoices upon approval
  • Send statements to follow up on overdue customer accounts
  • Accept credit cards and bank payments to get paid automatically
  • Schedule recurring invoices to automate your billing
  • Personalize your invoices with a choice of professional invoice templates
  • Customize: add your logo and colors
  • Make invoices perfect with customizable columns
  • Organize the content of your invoices with drag-and-drop line items
  • Automatic and seamless accounting integration
  • iOS and Android apps for sending invoices on the go
  • Send using Wave, Gmail, Outlook and more
  • Know when your invoices are viewed
  • Set automatic payment reminders to nudge your customer to pay on time
  • Easy-to-understand cash flow insights
  • Duplicate invoices to save time when billing
  • Automatic sales tax calculations
  • Send professional payment receipts
  • Automatic backup in the cloud
  • Customizable payment terms
  • Track payments, partial payments, overdue invoices

Payments  features below. Now I personally don't use this because I'm still in a commitment with a different service provider but once I am able to I will probably switch to waveapps payment as well.

  • Online payments at low rates
  • No hidden fees
  • All major credit cards accepted: Visa, Visa Debit, Mastercard, Mastercard Debit, American Express and Discover
  • It's convenient: Your customers don't want to go hunting for checks and cash, and you shouldn't have to chase paper to get paid
  • Get paid out in 2 business days with credit card payments and 2-7 business days with bank payments (ACH)
  • Take credit card payments over the phone, online or in person
  • Set up recurring billing with automatic payments for your repeat customers
  • Bank-grade security for all online payments
  • Automate your bookkeeping: Your payments connect seamlessly with your accounting records, to keep you organized without lifting a finger

Payroll features

  • Integrates seamlessly and instantly with Wave’s free, award-winning accountinginvoicing and receipt scanning software
  • Priority customer support, direct from Wave headquarters
  • Payroll reminders in your inbox
  • Great for seasonal businesses; put employees on hold any time at no charge
  • Easy to understand tax liabilities
  • Employee self-serve portal for pay stubs and W2s
  • Payroll in the cloud: Pay your employees from anywhere
  • Self-service check printing
  • Secure collaboration with your bookkeeper, partner or assistants
  • 256-bit SSL encryption
  • Data is backed up automatically for peace of mind

And if you were wondering how everything works if it's free, Wave also provides professional Services for monthly or one time fees, that include professional in house specialists specialized in assisting with business finances, this being a great service for entrepreneurs ready to scale their business. 

Overall I believe the guys at Wave are on the right path and I love it. Keep up the good work and looking forward to more useful additions to help small businesses manage their finainces without braking the bank.