Best Free Invoice Software for Small Businesses Wave Financial

Switch between automatic and manual billing whenever you want. For information on credit card rates, visit the pricing section for details. Wave invoices are integrated with our free accounting software, so payments are recorded and categorized for you – which means less bookkeeping and tax season prep.

• Easily create, customize, and send professional invoices while on-the-go.
• Create beautiful invoices, accept online payments, and make accounting easy—all in one place—with Wave’s suite of money tools.
• You can also set up recurring payments, auto-reminders, and deposit requests to make sure you always get paid on time.
• Keep your business and personal finances separate, connect with your Wave accounting software to automate your books, and use your Wave Visa® Business Debit Card and virtual card anytime, anywhere.

For example, QuickBooks Online doesn’t have a free plan, but offers four paid plans, each with additional features, making it a great choice for scalability. With the higher-tier QuickBooks plans, you have access to inventory management, billable expenses and project profitability tools, none of which are offered with Wave. With Wave, you’ll be able to send unlimited, customized invoices to your customers, manage an unlimited number of expenses and track unlimited receipts through its receipt scanning and capture feature. Know when an invoice is viewed, becomes due, or gets paid, so you can take the right actions to manage your cash flow.

Manage your money like a boss

When you reconcile your books, you’ll navigate to the “Reconciliation” tab within the Accounting menu. If you need to manually edit, add or remove any transactions, you can do so on the Reconciliation or Transactions pages. Next, you can add sales tax (if necessary), create customer profiles and customize your invoice templates.

• Instant Payout is an additional service offered by Wave subject to user and payment eligibility criteria.
• Next, you can add sales tax (if necessary), create customer profiles and customize your invoice templates.
• Your deposit times may vary based on your financial institution.
• With Wave, your invoices and payments automatically flow into your accounting records.
• Includes tools that help automate the reconciliation process; auto-categorizes transactions for you, but you can’t set up your own bank rules; no global search function.

Customers can pay via credit card, bank payment or Apple Pay. Your customers can pay the invoices you send them instantly by credit card, secure bank payment (ACH/EFT), or Apple Pay. And by enabling Wave’s payments feature, you can accept credit cards and bank payments for as little as 1%2 per transaction and get paid out in as fast as 1-2 business days1. Electronic invoices are created with online invoicing software or other cloud-based services, which makes it easy to automate the invoicing process. Electronic invoices also provide small business owners with professional-looking digital invoices that their customers can pay easily online through a system like Wave’s online payments.

Frequently asked questions (FAQ) about Wave Financial products and services

While human error will always play some role in security breaches, you can be confident in your accounting platform when it comes to keeping your information safe. You can invite your accountants, bookkeepers or other business partners to Wave via email and designate their user roles. They can receive “editor permissions” and access accounting and reports as well as purchases easily. Keep compliant and save time by having Wave handle your Canada Revenue Agency tax remittances on your behalf. Send invoices whenever and wherever you want with Wave’s free app for iOS and Android. Easily monitor and keep track of what’s going on in your business with the intuitive dashboard.

Button up your business with professional invoices.

While Wave has a lot to offer when it comes to invoicing, know that it’s still slightly less automated than some competitors. This isn’t necessarily a deal-breaker, but it might require a bit more bookkeeping work. Upon processing your first payroll, you can use Wave Payroll for up to 30 days, commitment-free. At any time, you can activate to start your billing cycle and gain access to items like tax filing and approving payrolls beyond the current month. See our full US terms here, and our full Canadian terms here. Our payroll software is seamlessly connected with the rest of your Wave account to reduce the time you spend on manual bookkeeping.

Payment solutions for your business

Your complete invoicing and billing process is now on your phone. Create beautiful, free invoices that reflect your business branding. Automate overdue reminders, set up recurring bills, and add why depreciation matters for rental property owners at tax time notes or terms of service with ease. Similar to other reputable cloud-based accounting software products, Wave encrypts the data you share with it and monitors its server facilities 24/7.

Wave’s invoicing is free and unlimited, with three customizable templates and a user-friendly interface, putting it on par with some of the best invoicing software solutions for small businesses. Other capabilities include recurring invoicing and the option to let repeat clients opt into automatic credit card billing. It’s hard to beat free accounting software, especially if you’re running a small business on a budget. With Wave, you receive a lot of features, like unlimited invoices and unlimited users, that are not always included with other free accounting software options, let alone paid accounting software plans.

Email invoices with a secure “Pay Now” button after you’ve enabled the online payments option. Wave Money is currently available to single-owner businesses in the United States with a Wave account. Once you create an account, we’ll notify all new eligible businesses by email.