Wave is a great small business solution
November 01, 2018
Wave is a great small business solution
Score 9 out of 10
Vetted Review
Verified User
Overall Satisfaction with Accounting by Wave
As a business owner, I use Wave to track and categorize expenses, pay vendors and freelancers, and send and categorize invoices. I provide a separate logon for my accountant so that they can pull information during tax time. Wave eliminates any need for manual tracking since it connects directly with my business credit card and checking account. It also provides a helpful dashboard that tracks earnings and expenses. You can pull financial reports easily, as well.
- tracks and categorizes financial transactions with a direct link to bank accounts and credit cards - helpful since there is no manual input outside of verifying that a category is correct
- easily creates invoices without the need to input customer information more than once. you can also send directly from the platform and toggle the option to accept credit card and ACH payments
- creates financial reports with ease
- connection to bank sometimes lags - you can refresh the connection but it takes a minute or two to update
- sometimes invoices are categorized as sales versus consulting income - you really have to look and change it to the appropriate income account. once an invoice is recorded as paid, you can change the income account
- Wave has a tendency of not accepting a saved password, forcing users to reset a password that is knowingly valid. Using Single Sign On eliminates this but it's still annoying.
- eliminated potential need for an external bookeeper
- eliminated need for external income / expense tracking
- allowed me to keep all invoices and payments in one place