It also complies with accounting standards and helps automate the reconciliation process. Is business banking linked to each of its existing platforms for seamless bookkeeping. While still in beta, this product is designed to cater to small businesses by offering free banking, debit cards, and a linked mobile application. This platform boasts a total lack of fees, free ATM networks, and integrated payment processors. Wave Accounting is a free online accounting software competitor to QuickBooks, offering many of the same features without the price tag.

Whenever you enter a transaction with a sales tax, it records the amount automatically in the sales tax liability account. Wave manages to include what you need to know about transactions on one screen.

Payment

Now, use Wave’s Payroll tools in America and Canada to take the headaches out of running your payroll. With guaranteed accuracy, direct deposit and employee self-service all included, at $5 per employee per month or less it’s never been more affordable for your employees to get paid. Wave is a fully integrated solution designed for small businesses with 9 employees or less. With our total focus on small business owners, you’ll never have to navigate inflated or cluttered to find what you need, right now. With an easy to navigate interface and single login, it’s never been easier to find what you need, when you need it.

We provide different levels of support for customers who use different features and services from Wave. Some are direct connections, like integration with Google Sheets and Shopify. If you connect Wave to apps and services using Zapier, just know that you must set up and manage those integrations in Zapier, not Wave.

Need to compare software solutions?

Accounting is simple thanks to the freemium Wave Accounting that’s included with your service. All transaction information is quickly synchronized with this program, so there is no need to enter it manually. The software’s layout and interface wave bookkeeping review are both straightforward and easy to use. You may also find answers to frequently asked questions and other useful information in the Wave Help Center. This software has made the thing that I hate the most so simple for me which is bookkeeping.