Wave

Accounting Guide

Wave
Accounting Integration

Wave Apps is a free commercial platform that can be easily integrated into your business. It combines accounting, invoicing and invoice scanning into one simple and readable interface.

https://www.waveapps.com


Is Wave really free?

Wave has a variety of apps and features, most of which are free. However, you will have to pay for the Payroll app and for the ability to accept online payments for your invoices. The rest, like invoicing, transactions, reports or adding sales taxes remains free.

What are Wave's accounting features?

With the bank reconciliation feature, businesses can link their bank accounts, PayPal accounts and other sources of data for real-time transaction records. Businesses can also generate reports such as balance sheets, sales tax reports and account receivable and payable reports with Wave accounting.

Why use an online accounting software?

With cloud accounting, you can access your accounts and key financial figures at anytime and from anywhere. When you use a desktop-based solution, you are tied to the office: your software, your data and your accounts are all sitting on a local drive. This means that it limits the access you can have to your financial information. Cloud-based accounting helps you get rid of this restriction. Your data and records are all safely encrypted and stored on a cloud server, and there is no software application for you to download, which means that you can always check on the status of your business from anywhere, as long as you have a web browser.

A cost-saving and time-efficient solution?

Online accounting is carried out entirely from the cloud. There is no costly IT infrastructure for you to maintain and you can access the software whether you are in the office, working from home or out at a customer meeting. Rather than waiting until you are back at the office, you can immediately approve payments or send invoices to customers, saving you time and making your financial processes far more effective.

Is online accounting safe?

Your data is no longer sat on a physical server in the office, or languishing on the hard drive of your laptop. All your accounting information is encrypted at source and saved to the cloud. So the only person who can access your confidential information is you, plus selected members of your team and advisers.

Is it easy to work as a team with an online accounting solution?

Working with colleagues, and sharing data with your advisers, is an extremely straightforward process when you are based in the cloud. Using the old desktop approach, you have limited access to your accounts, which makes collaboration with colleagues and advisers difficult. With a SaaS or online software solution, you, your colleagues, your management team and your advisers can all access the same data instantly, from any geographical location.


Available Wave Integrations

43 integrations with Wave
Please note, the platform is still in beta and not all integrations are available. Please contact us to get the current list of supported integrations.
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