PayPal Payments - great tool for new businesses

PayPal Payments is probably the lowest-grade product compared to Wave Accounting and HoneyBook. It is very basic where Wave gives you more detailed reports about your income/expenses, the ability to track your expenses, personalize your account more, and other features. The difference that made me upgrade from Wave (free like PayPal Payments) to HoneyBook is the ability to include contracts with my invoices, keep track of separate projects, keep contact information in a CRM database, use a scheduling tool for people to book appointments (and link into my website), and more. HoneyBook has far more features but it is also not a free tool so you are paying for the luxury of the other tools. You can get a lot of the tools free in a variety of platforms with limits on each but when you get to a good point in your business, it's great to spend a little extra so you can afford to have everything in one spot making life a lot easier.