Wave Financial is unique for several reasons. The biggest reason? It’s free! You only pay credit card and ACH transaction fees, plus a nominal fee for payroll if you need it. It’s a full double-entry accounting system, not just an invoice tracker.
Wave isn’t as full-featured as QuickBooks, but if you’re a small business on a budget, this one might be for you. It does review well and has a somewhat passionate following online.
Wave for Personal Accounting
Wave Financial would be a good app for personal finances if it’s not robust enough for your business needs. Since it’s already free, you don’t need to worry about a free trial. Load it up and see if it will work for you!
As in previous articles, I recommend you discuss this with your accountant if you’re planning on using this in business.
If you need help setting up your accounting software, please give us a call. We can help!
This is Part 5 and the final post in our Cloud Accounting series. If you’d like to read more, here are links to Part 1, Part 2, Part 3, and Part 4.
“You only pay credit card and ACH transaction fees,” Could you elaborate on that please?
There are certain fees when you take credit card or ACH payments, and those are what they charge you. Currently, it’s 2.9% + 30 cents for credit card transactions, and $1 for ACH (bank transfers). This only applies when you’re TAKING payments, not receiving them.