Wave Accounting is a dynamic accounting software product that enables you to maintain balanced financial books. A centralized dashboard sends you practical reminders and allows you to bill and invoice your customers and suppliers. The program also delivers tax calculation accuracy, robust security protections, and analytical reports that safeguard compliance.
Wave Accounting is available as software as a service (SaaS) and on iOS and Android mobile devices.
Who Uses Wave Accounting?
The product is designed to serve various business needs, aspiring to be the best accounting software for self employed entrepreneurs and midsize businesses. This program is currently being used in accounting, finance, software development, retail, graphic design, construction, religious services, and tourism.
Wave Accounting Features
- Bill and invoice capabilities: The program enables you to create custom invoices, as well as establish billing reminders. Built-in invoicing alerts help remind your customers to pay their balances accurately and on time.
- Tax support: An uncluttered tax management dashboard gives you a comprehensive overview of your organization’s tax workflows. You can view income and expenses, configure sales taxes, and generate reports that ensure compliance through system visibility.
- Double-entry accounting: The accountant-friendly software uses double-entry accounting capabilities; this means that every time money is spent, an equal amount is added to the credit account and vice-versa. Double-entry accounting is vital in keeping your organization’s books well balanced and debt-free.
- Security: Wave Accounting protects your sensitive financial information with military-grade data encryption. It uses 256-bit encryption capabilities to secure your work environment against malicious hackers. The program also confirms that all bank connections are read-only, which means that even if someone gains access to your account, they won’t be able to make any changes.
Wave Accounting Pricing
The vendor has three plans available: Free, Pay-Per-Use, and Payroll. They are priced according to the needs and size of businesses, and more detailed information can be found on the website.
If your company is shopping for new accounting software that promotes financial accuracy with double-entry capabilities, Wave Accounting is likely worth considering.