Wave Accounting: Great for small businesses and solo entrepreneurs!
October 25, 2019
Wave Accounting: Great for small businesses and solo entrepreneurs!
Score 10 out of 10
Vetted Review
Verified User
Overall Satisfaction with Wave Accounting
I use Wave Accounting for all of my bookkeeping/accounting needs. I have all of my money accounts linked to it so that I don't have to keep track of my purchases and sales, it all automatically goes into my bookkeeping accounts. Then, at the end of each month, I categorize them and verify each income/expense. With the click of a button, I can see my revenue, expenses, and profit for the month! This also makes it super easy when tax time comes! I can just print a copy of my income report for the year and hand it over to the accountant who does my taxes. It couldn't be easier!
- Bookkeeping
- Invoicing
- Keeps income/expenses organized for tax time
- Quick at-a-glance stats for monthly budget/spending/revenue
- It does not integrate with my small credit union so I rarely use that account to purchase things because I have to remember to manually log it.
- Invoice line items must be something that is reoccurring or you have to create new "products" for each new project/service. I wish I could just add whatever I wanted to the item field on an invoice instead of having to choose from or create a new product
- It always logs transferring money out of my PayPal balance as an expense when I'm really just transferring it to my bank account. Easy fix, but always a bit annoying to wonder where that much money went (only to realize it just went to my bank account).
- Invoices look very professional and provide a secure place for clients to enter in their credit card information.
- Being able to set a reminder for invoice payments ensures I get paid on time and that I don't have to hassle my client for anything.
- Their income/expenses chart helps me easily see if I'm over budget for spending or over the goal of income for the month so I can adjust next month accordingly.