Wave Accounting helps users manage their business finances and accounts. The application eliminates the need for data entry by allowing users to link to their bank and credit card accounts. Purchase data is automatically pulled from the user’s financial accounts and applied to their Wave Accounting profile. The user never has to re-type information to record purchases or balances. The application is smart enough to automatically categorize expenses as well. Users are not required to link their bank accounts to their Wave Accounting account. Manual upload options are also available. Expense and balance data is displayed using clearly marked pie charts and bar graphs so the user can digest the information with a quick glance. Wave Account can take over in place of traditional spreadsheets.Show more screenshots »
Wave Accounting was founded in November of 2010. The application was intended to give business owners a more cost effective and efficient way to manage their company’s financial accounts and budgets. The application has been met by positive reviews, primarily because of its many convenient features and price (which is as affordable as it gets). Wave Accounting was built around the personal experience of its creators, who experienced the bookkeeping needs of small businesses through their professional careers.
Wave Accounting offers many of the same services that other business accounting applications provide. Users can link directly to their third party financial accounts through Wave Accounting. Convenient as this is, it is still not an original concept. What makes the application so appealing is its free price and extremely user friendly design. It takes no accounting or software experience to learn how to use Wave Accounting. Users are provided with the information they need without spending hours wading through spreadsheets to get it.
Wave Accounting supplies its users with an efficient interface that is nothing short of professional. Three dimensional pie charts and clean line graphs show the user their businesses spending and balance information using vibrant colors. There are no advertisements or distracting visual elements used, so the user enjoys a completely streamlined experience that focuses on their company’s financial data. Users do not have to attend classes or spend a great deal of time figuring out Wave Accounting. The application has made the process easy so anyone can effectively manage their company’s financial accounts and information.
New users can begin by clicking the “Sign Up for Wave Accounting” button found along the right hand side of the homepage. The bottom of the following page invites the user to sign in with their Google or Yahoo account. Users who prefer to create a new account can fill in the form provided. The form asks for an email address and password. After clicking the “Proceed” button, the user is asked for company information including a company name, business type, organizational type, country, main currency, fiscal year end date and a check box that asks if the user collects sales tax from customers. After submitting the form, the user is taken directly to their Wave Accounting dashboard.
All users can access every current feature for free. There are no set up fees or other charges and the user never has to purchase a subscription. Wave Accounting pays its bills by offering users “Business Savings.” Although these are not traditional advertisements, they are special deals offered by businesses that pays Wave Accounting revenue each time a user signs up for an offer. Users are not required to purchase an offer, but each time they do they are supporting the service offered by the application.
WaveAccounting.com is an excellent tool for small businesses and startups. The free price tag makes it highly accessible, regardless of business budget. Users can automatically import their financial data straight from their bank accounts and credit card companies. Users can also gather information quickly to make better decisions about their company’s budget. There is a lot that a small business owner can love about Wave Accounting.