Wave Accounting Software is a cloud-based accounting solution designed for small or growing businesses, freelancers, or entrepreneurs. It provides useful tools for managing finances, such as invoices, expense tracking, accounting, and reporting. Book a free meeting to hire a Sage accountant in the United Kingdom.
Get Wave Accounting Services in the UK
Need Wave accounting services in the United Kingdom? We can help you find a Wave accountant who can assist you with managing finances for this dedicated software. Octa Accountants has certified accountants who can help with handling business finances seamlessly.
Book a Free Meeting
Contact us or use our calendar to schedule a free consultation with Octa Accountants' team. We're eager to learn about your business and its needs.
Discuss Business Needs
During our meeting, you'll have the opportunity to share your challenges while we offer tailored solutions designed to address them.
Meet Your Accountant
Once you're onboard, our team of Wave accountants will diligently handle your accounting tasks, enabling you to focus on business growth and innovation.
Getting Started with Wave Accounting Software
Wave Accounting Software is known for its user-friendly interface and is in high demand amongst small businesses or startups due to its affordability. Let’s discuss a bit about the first few steps you need to get started on Wave Accounting.
Setting Up Wave Account
Sign up for a new Wave account. Set up the profile for your business. Connect your bank accounts with Wave Accounting Software
Visiting the Dashboard
Next, you will see an overview of the dashboard layout. From here, you can access key features such as invoicing, accounting, and reporting.
Invoicing Features
Wave accounting allows you to create and send invoices. Manage invoice payments and set up reminders for your convenience via this feature.
Expense Tracking
You can easily record expenses and income. Use expense tracking to manage accounts payable and receivable.
Bank Reconciliation
Match the bank journal entries automatically with the transactions listed in your bank account to keep track of your bank statements.
Financial Reporting
You can generate financial reports such as balance sheets and profit/loss statements via Wave Accounting’s report feature.
Integrations & Apps
Wave Accounting can easily be integrated with other third-party apps, making it easy to sync your financial data.
Seamless Collaboration
Work out with your accountant, bookkeeper, or colleagues by granting them a separate access to your Wave account.
Pricing Plan for Wave Accounting Software
Wave Accounting Software offers two pricing plans to its users.
Starter
$0
month- Unlimited estimates, invoices, bills, and bookkeeping records
- Accept online payments
- Invoice Management on-the-go via the Wave app
- Manage cash flow and customers in one dashboard
Business
$16
month+ Everything included in Starter Plan
- Option to accept online payments at a discounted rate
- Auto-import bank transactions
- Auto-merge and categorize bank transactions
- Digitally capture unlimited receipts and track expenses
- Automate late payment reminders
Pros & Cons of Wave Accounting Software:
Here, we will be discussing the pros and cons of Wave Accounting Software.
Pros:
- It has a free startup plan with no hidden charges.
- It has a user-friendly interface
- It offers all necessary accounting features like invoicing, expense tracking, etc.
- It supports numerous different currencies.
Cons:
- It may not be suitable for businesses operating on a larger scale.
- It has limited live and phone support options, which would take time to solve customers' issues.
- Sometimes, it can get glitches and issues like slow load speeds, creating an issue for its customers.
Are you in need of Wave Accounting services for your precious business? Let us provide you with an experienced individual from our dedicated team of Wave Accountants to handle all your business-related finances, making your life easier and your business more successful.
Book a Meeting to discuss your needs and get a fully personalised plan!
Wave Accounting Alternatives
QuickBooks
Both Wave and QuickBooks have similar key features like invoicing, expense tracking, accounts payables and receivables and more. QuickBooks, although takes an advantage in the feature set as it has more invoice templates and lending services but one thing from which Wave take away the limelight from QuickBooks is its free pricing plan with a lot of features. In the end, both are suitable for small scale businesses.
Sage Accounting
Sage is also made specifically for small scale businesses and it also has almost the same feature set as FreshBooks including invoicing, expense tracking and bank reconciliation. The main difference where Wave clearly wins is the pricing, the most basic plan offered by Sage is priced at $58.92 which is a lot for small scale businesses, whereas Wave offers a completely free pricing plan with no hidden charges of any sorts.
Xero Accounting
Xero is also a cloud-based accounting software with the same feature set as FreshBooks. Xero is very user friendly as compared to FreshBooks with its easy to navigate user interface. But, here again Wave beats Xero in the pricing plan as Wave is free to use but Xero offers its most basic plan for $15 per month which can be a lot for businesses who are just starting out.
Wave Accounting FAQs
Here’s a list of frequently asked questions about Wave accounting software from our web visitors.
Does Wave Accounting offer a mobile app?
Yes, Wave Accounting software provides a dedicated app for its customers who want to manage their finances on the go.
Can my invoices and reports be customized on Wave accounting?
Yes, Wave makes it easy to customize invoices and reports with your business’s logo and branding.
Is Wave accounting secure?
Yes, your data is our data. Your data is fully secure with us and encrypted.
Does Wave accounting offer customer support?
Yes, Wave Accounting offers email and online customer support to its customers for any queries you might have.
Is Wave accounting free?
Yes, Wave Accounting is a fully free software with no hidden charges. However, we do have a paid plan for users who want to opt for it and get access to more features.
Can I use Wave accounting for two or more of my businesses?
Yes, Wave accounting allows you to manage two or more businesses under one account by switching between other business profiles in the same account.
Ready for next step?
Are you ready to take your business to new heights? Contact the experts today to hire dedicated Wave accountants in London or any part of United Kingdom.
