Wave Accounting is a great first accounting tool for small businesses
December 04, 2019
Wave Accounting is a great first accounting tool for small businesses
Score 7 out of 10
Vetted Review
Verified User
Overall Satisfaction with Wave Accounting
As a one-woman consultation, I use Wave to manage my quotes as I bid projects. I use it as my main CRM as well to organize and keep track of current and potential clients. When bids turn into accepted projects, I convert them to invoices and track payments there as well. I've connected my bank accounts and have used the card terminal before as well. I like the mobile app function to monitor and track outstanding invoices.
- Bid to invoice conversion is great.
- Client information is easily added to documents.
- Financial reports are in-depth enough.
- Some design aspects could be improved upon in their document creation.
- Some aspects of the interface are hard to use, and are not as intuitive as they should be.
- I looked more professional since I have nicely put together bids.
- Was able to take payments when a client couldn't do cash or check and the processing fee was nominal/market rate.
- I could send reminders of outstanding invoices easily.
Wave feels more geared toward a younger generation. QB feels very old and stuffy, though they're slowly coming around. QB feels much more powerful than Wave but Wave did what I needed it to do. My CPA had never heard of it before so I ended up needing to have both, but Wave being free helped me keep both.