And if you’re switching providers, you can make the transition easily by importing all the necessary forms and information in just a few minutes. Check out our handy support article to learn how you can switch to using Wave’s payroll feature. 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.

Full details on how Wave support works are available here. You technically can process payroll without using software, but this can be risky, especially for employers who don’t have the time or accounting skills to process payroll correctly. Mistakes and errors can lead to hefty tax penalties, which would offset any money saved through DIY payroll processing methods. This is why it’s recommended that small business owners use payroll software instead. Approval is subject to eligibility criteria, including identity verification and credit review. Payments are a pay-per-use feature; no monthly fees here!

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. Set up recurring invoices and automatic credit card payments for your repeat customers and stop chasing payments. Switch between automatic and manual billing whenever you want. Manually creating invoices in Microsoft Word or Excel can be time-consuming and difficult to manage.

Wave is one-stop money management for small business owners. We exist to support small business owners like you by offering a fast and easy way for you to manage your business finances. Deposit payments quickly, reliably, and directly into your employees’ bank accounts.

We’ve also crafted a guide to small business payroll to help you navigate the process. Email invoices with a secure “Pay Now” button after you’ve enabled the online payments option. The Wave app lets you easily generate and send invoices to your clients wherever and whenever you need to. If you’re on-the-go, you can also send invoices from your phone or other mobile device using the Wave app.

Payroll

Customers can pay instantly by credit card or Apple Pay when they view the invoice online. Simply email your customers an invoice and they can use the secure “Pay Now” button to send over your payment. Powerful and 100% free accounting software that has everything you need to confidently run your own Prepare Deferred Revenue Journal Entries business. Wave’s mobile receipts feature lets you input expenses into Wave instantly and on-the-go using optical character recognition (OCR) technology. Take a photo and upload a receipt image from your mobile device, then sit back while Wave reads the receipt to create a new expense transaction.

Create beautiful invoices, accept online payments, and make accounting easy—all in one place—with Wave’s suite of money tools. Instant Payout is an additional service offered by Wave subject to user and payment eligibility criteria. A 1% fee is applied to the amount you withdraw from your available balance, in addition to regular processing fees.

How to do bookkeeping for small businesses: A step-by-step guide

Your data is always available, and it’s backed up for extra peace of mind. After creating your account, everything is set up so you can get started. Your data is always available, and backed up for extra peace of mind.

Only pay for what you use and simplify annual audits with workers’ comp built for small business owners. However, you can still manually upload and backup receipts to Wave on your desktop, for free. Simply open the transaction details for an expense and attach an image of the receipt from your device. Avoid any tax season nightmares with more accurate books, records, and reports. Monitor your cash flow, stay organized, and stop sweating tax season. Say #sorrynotsorry to your spreadsheets and shoeboxes.

Track expenses in your sleep

This can help you save time and make financial decisions quickly. The right software helps business owners quickly categorize transactions and generate financial statements. These include cash flow reports, balance sheets, profit and loss statements, and expense breakdowns. When equipped with the right accounting software, you can do more than just basic bookkeeping. You can effectively analyze the financial health of your business, find ways to generate more profit, and move forward with your business plan.

• Full details on how Wave support works are available here.
• Bookkeeping is important because it gives you insight into where your money is going and how your business is performing, helping you make smart business decisions.
• All details can be found on the “Subscriptions and Billing” page in your Apple account, or the “Find your purchases, reservations & subscription” page in your Google account.

Create and send professional invoices to your customers in seconds. Zoho Books’ accounting and invoicing tools offer the same features you use with Wave. Yes, switching from other accounting apps or products to Wave is easy! See our step-by-step guide on how to import bookkeeping data into Wave here. Bank data connections are read-only and use 256-bit encryption.

See all small business payroll features

For information on credit card rates, visit Pricing for details. Accounting software helps business owners understand how money flows in and out of their businesses. It replaces the time-consuming method of collecting receipts in a drawer and manually tracking revenue and expenses in a spreadsheet or with pen and paper. You can connect nearly 10,000 different bank and credit card accounts with Wave, so your financial transactions import automatically to make your bookkeeping simple. Allow your customers to pay your invoices immediately via credit card, secure bank payment (ACH/EFT), or Apple Pay. You don’t have to wait for a new quarter or year to start using payroll software—you can start running payroll at any time!

Wave’s invoicing software for small businesses removes the worry of making these errors because calculations are done for you, including the taxes. 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. Have an eye on the big picture so you can make better decisions. Our accounting reports are easy to use and show monthly or yearly comparisons, so you can easily identify cash flow trends. Our servers are protected physically and electronically. Any connections between you, your bank accounts, and Wave are protected by 256-bit SSL encryption.

Tax payments and filings

When everything is neatly where it belongs, tax time is simple. Wave’s smart dashboard organizes your income, expenses, payments, and invoices. Transactions will appear in your bookkeeping automatically, and you can say goodbye manual receipt entry. We totally get it—running payroll for your small business can seem like a daunting task, especially when you’ve got so much on your plate. That’s why a payroll software like Wave’s can help ease the burden of doing payroll on your own.

Have an eye on the big picture so you can make better business decisions. Our robust small business accounting reports are easy to use and show month-to-month or year-to-year comparisons so you can easily identify cash flow trends. Track your income and expenses, easily and for free, with Wave’s accounting software.