Still, if you run a service-based business-especially a freelance business-Wave's free unlimited invoice feature should put Wave on your to-be-considered list. (Invoice Ninja, for instance, automatically follows up on overdue and unpaid invoices.) Finally, we don't recommend Wave Accounting for product-based businesses because it doesn't have a native inventory management solution. You get a little less automation with Wave than you do with invoice-specific products. And like Square Invoice, it doesn’t include multicurrency support. Wave doesn’t offer as many payment gateways as other options (especially Hiveage)-crucially, Wave doesn't work with Stripe. But it isn’t particularly scalable-since it has just one plan, Wave’s not the best choice for businesses planning on growth. In other words, Wave is a great fit for freelancers and first-time business owners who want a fair amount of features without paying hundreds of dollars a year in accounting software.įor the most part, Wave doesn’t trade affordability for features. Wave's automatic recurring invoicing feature alone makes Wave a good investment, but Wave Accounting also includes free income and expense tracking, receipt scanning, and automatic bank reconciliation. For what it’s worth, Zoho Books is an excellent (and affordable) accounting solution-but since Zoho lacks an integrated payroll solution, its accounting and invoicing software work best for freelancers and solopreneurs with no employees. Zoho Invoice has one notable downside: it only syncs with Zoho Books, not with other accounting software options like FreshBooks or Xero. Customer self-service portals and automatic estimate approvals.Multicurrency support and multiple payment gateways.Expense tracking, including receipt scanning.
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