Looking for free accounting software that is still effective? Wave (waveapps.com) is a great tool if you are just starting off and not looking for complexity, or you have no budget to spend.
It is an alternative to using QuickBooks. Wave is free because the vendor makes its money through its payroll, payment processing and professional bookkeeping services. If you do not have a need for any of these, you still get to use Wave software with no restrictions, giving you access to all these features:
- Recurring Invoices
- Cart checkout integration with your websites
- Customer and Vendor management
- Product management
- Bookkeeping transactions
- Linking to bank accounts
- Chart of Accounts
- Online payments for invoices (including ACH, debit and credit card payments)
- Financial reports including the standard Profit & Loss, Balance Sheet, Cash Flow plus more
- Ability to invite your accountant
Your accounting system does not need to be complicated with a set of features you will never use. Wave keeps it simple and can be ideal for entrepreneurs, small non-profits, hair salons, stores, independent consultants, churches, tutoring services, childcare services, professional services. Did we also mention that it is free?
The system also has built-in integrations with Google, PayPal, Etsy, Shopify and several integrations via the popular integration tool Zapier.
If your budget is strapped or you are not sure which software to start with, Wave is a good choice, especially since it is free accounting software. You may just find out it is sufficient for all your accounting/bookkeeping needs.
Don’t believe us? Check it out.