Your employees can log into Wave securely to access their pay stubs and T4s, and manage their contact and banking information. Zahir has always had a passion for small business and enabling financial access for all. This led him to a four-year stint as President and CEO of M-Paisa Afghanistan, bringing banking and financial education to underserved communities. Our bookkeeping and banking tools can be used separately or together for maximum control of your business finances.
Set up invoice reminders to automatically email your customers when payment is due. Wave Accounting can be a great option if you run a very small service-based business or don’t need more advanced features that alternatives might offer. For small businesses any larger than that, however, Wave is limited.
If you’re on-the-go, you can also send invoices from your phone or other mobile device using the Wave app. All your invoicing and payment information automatically syncs with the free Wave Accounting software included with your account. Every invoice paid means more revenue coming into your small business. Create and send professional invoices to your customers in seconds.
About this app
You’ll receive the money in your account in 1 business day (Canada), or 2 business days (US)1. A corporation is a legal entity created by individuals, stockholders, or shareholders, with the purpose of operating for profit. Corporations are allowed to enter into contracts, sue and be sued, own assets, remit federal and state taxes, and borrow money from financial institutions.
- Today’s leading accounting platforms offer standard security features, such as data encryption, secure credential tokenization and more.
- Your customers can pay the invoices you send them instantly by credit card, secure bank payment (ACH/EFT), or Apple Pay.
- You’ll receive the money in your account in 1 business day (Canada), or 2 business days (US)1.
Get paid in as fast as 1-2 business days1, enhance your brand, and look more professional when you enable payments. Customers can click a Pay Now button on invoices and pay instantly by credit card, secure bank payment (ACH/EFT), or Apple Pay. You can accept credit cards and bank payments for as little as 1%2 per transaction. 1 Payouts are processed in 1-2 business days for credit card payments and 1-7 business days for bank payments. Deposit times may vary due to processing cutoff times, third party delays, or risk reviews. Wave also offers a free app to help you manage your invoices on the go.
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A 1% fee is applied to the amount you withdraw from your available balance (minimum fee of $1), in addition to regular processing fees.. Deposits are sent to the debit card linked to your account in up to 30 minutes. Deposit times may vary due to processing cutoff times or third party delays. Invoicing, payments, and banking all in one place that saves you time, gets you paid, and makes money management easy. We provide different levels of support for customers who use different features and services from Wave. Create beautiful invoices, accept online payments, and make accounting easy—all in one place—with Wave’s suite of money tools.
Is Wave Right for You or Your Business?
Many or all of the products featured here are from our partners who compensate us. This influences which products we write about and where and how the product appears on a page. Today’s leading accounting platforms offer standard security features, such as data encryption, secure credential tokenization and more.
Speed up cash flow with online payments.
It also complies with accounting standards, uses double-entry accounting and helps automate the reconciliation process, which can help ensure accuracy and save you time. Manually creating invoices in Microsoft Word or Excel can be time-consuming and difficult to manage. Digital invoicing empowers your small business by automating invoice processing and saving time by tracking key invoice data like upcoming and outstanding invoices. You can also manage late payments more efficiently through e-invoicing by setting up payment reminders to send to your customers before an invoice due date. Wave Accounting is free, but you will have to pay processing fees if you choose to accept invoice payments online. Wave also offers paid products for payroll, coaching and mobile receipt scanning.
For example, the rate a freelance web developer charges may be different than that of a freelance graphic designer, because each freelancer specializes in a different area. I look at the dashboard and know how many invoices are on the way, when they should be paid, and the average time it takes someone to pay. David Axler is the Chief Strategy Officer, focusing on formulating, communicating, and fulfilling Wave’s initiatives and future goals. With over five years at Wave, David brings an enthusiastic leadership style and unyielding service to our customers. Prior to Wave, David was a GM and Chief of Staff at a B2B technology company, Influitive, and was previously a management consultant with Deloitte.
You can enjoy features such as unlimited income and expenses tracking, digital receipt upload and transaction management and access its invoice mobile app at no cost. Payroll software saves you time so you can focus on the best parts of running your business. And, in the long run, an online payroll software provider asset retirement obligation definition like Wave can save you a lot of money by reducing human error so you can avoid tax penalties (and who doesn’t love saving money?). For information on credit card rates, visit Pricing for details. Set up recurring invoices and automatic credit card payments for your repeat customers and stop chasing payments.