Best Invoice Software for Small Businesses - Wave Financial (2024)

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Wave’s invoicing software saves you time, gets you paid, and makes managing customer information stress-free.

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Best Invoice Software for Small Businesses - Wave Financial (4)

Best Invoice Software for Small Businesses - Wave Financial (11)

Create invoices quickly

Every invoice paid means more revenue coming into your small business. Create and send professional invoices to your customers in seconds.

Best Invoice Software for Small Businesses - Wave Financial (12)

Recurring billing for repeat customers

Get paid on time and stop chasing clients. With Wave's Pro Plan, you can set up recurring invoices and automatic credit card payments for your repeat customers. Switch between automatic and manual billing whenever you want.

Best Invoice Software for Small Businesses - Wave Financial (13)

Your bookkeeping is done

All your invoicing and payment information automatically syncs with Wave's accounting feature.

Manage accounts receivable effortlessly

Powerful invoice management features

Access all customer information in one place

You’ll always know who you need to communicate with and about what, so you can leave a great impression with customers.

Track payments and communications

From invoices to automated reminder emails, view your history with each customer for a clear picture of what to prioritize.

Best Invoice Software for Small Businesses - Wave Financial (14)

Get paid faster

Reliable, timely payments means better cash flow.

Best Invoice Software for Small Businesses - Wave Financial (15)

Invoice on the go

Send invoices whenever and wherever you want with Wave’s free app for iOS and Android.

Instant notification

Know when an invoice is viewed, becomes due, or gets paid, so you can take the right actions to manage your cash flow. Set up invoice reminders to automatically email your customers when payment is due.

Accept payments online

Get paid in as fast as 1-2 business days1, enhance your brand, and look more professional when you enable payments. 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.

Best Invoice Software for Small Businesses - Wave Financial (16)

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. It keeps me on track and takes a lot out of my hands.

Jasmine Fleming - Freelance Writer

Button up your business with professional invoices.

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See all payments features

  • Simple fee structure with low rates and no hidden fees
  • All major cards accepted: Visa, Visa Debit, Mastercard, Mastercard Debit, and American Express
  • Compatible with Apple Pay
  • Get paid within 1-2 business days for credit card payments and 1-7 business days for bank payments (ACH/EFT)1
  • Accept credit card payments over the phone, online, or in person
  • Set up recurring billing with automatic payments for your repeat customers with the Pro Plan
  • Bank-grade security for all online payments
  • Automate bookkeeping: payments connect seamlessly with our free accounting solution

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Is Wave's software something I need to install?

Wave's tools are web-based, so you just need an Internet connection and browser—no installation is necessary for our online software!

If you're looking for an on-the-go solution, you can install our mobile app to help you manage invoices and payments. Download our mobile app on iOS and Android today!

Is my data secure when I use Wave?

Completely. Our servers are protected physically and electronically. Any connections between you, your bank accounts, and Wave are protected by 256-bit SSL encryption. Wave is a PCI-DSS Level 1 Service Provider.

Do you provide customer support?

We provide different levels of support, depending on the plan and/or the add-on features you choose. Learn more about how Wave support works here.

How can I create an invoice?

Sign up for Wave and send your first invoice right away—it only takes a few minutes! With the Pro Plan you can also set up recurring payments, auto-reminders, and deposit requests to make sure you always get paid on time.

How can I send my customers an invoice?

With Wave’s web-based invoicing software, you can create and send invoices for your business in just a few clicks from your computer. All you need is an Internet connection and a browser!

If you’re on-the-go, you can also send invoices from your phone or other mobile device using the Wave app.

Can I create and send invoices on the go?

Most definitely! The Wave app lets you easily generate and send invoices to your clients wherever and whenever you need to.

Does Wave offer recurring invoicing?

We sure do! With a Wave Pro subscription, you'll have recurring billing and other automation features. Schedule everything, from invoice creation and invoice sending, to payment collection and overdue payment reminders.

What payment methods can my customers use?

Your customers can pay the invoices you send them instantly by credit card, secure bank payment (ACH/EFT), or Apple Pay. And by enabling Wave’s payments feature, you can accept credit cards and bank payments, and get paid out in as fast as 1-2 business days1.

How do I calculate taxes on my invoices?

A common issue when invoicing in Microsoft Word, Excel, or other DIY solutions is making calculation errors. Wave's invoicing software for small businesses removes the worry of making these errors because calculations are done for you, including the taxes.

How is a digital invoice different from a paper-based invoice?

Electronic invoices are created with online invoicing software or other cloud-based services, which makes it easy to automate the invoicing process. Electronic invoices also provide small business owners with professional-looking digital invoices that their customers can pay easily online through a system like Wave’s online payments.

On the other hand, paper-based invoicing is a manual process requiring extra time for things like invoice tracking and following up on overdue invoices, which can keep you away from the best parts of running your small business.

What are the benefits of digital invoicing?

Manually creating invoices in Microsoft Word or Excel can be time-consuming and difficult to manage. Digital invoicing empowers your small business by automating invoice processing and saving time by tracking key invoice data like upcoming and outstanding invoices. You can also manage late payments more efficiently through e-invoicing by setting up payment reminders to send to your customers before an invoice due date.

Is invoicing software helpful for freelancers?

Absolutely! Whether you're a freelance writer, a freelance editor, a freelance front-end developer, or even a freelance balloon maker (no articles on that yet, sorry), you can use invoicing software to send professional looking invoices to your clients and get paid faster.

How do I know what to charge when invoicing my freelance clients?

The rate that you charge for your freelancing services can vary, so it's important to get a grasp of market trends before sending your clients an invoice or quoting a price. Freelance rates can differ depending on experience level and industry. For example, the rate a freelance web developer charges may be different than that of a freelance graphic designer, because each freelancer specializes in a different area.

1 Payouts are processed in 1-2 business days for credit card payments and 1-7 business days for bank payments. Deposit times may vary due to processing cutoff times, third party delays, or risk reviews.

2 Rates are 1% for bank payments (minimum fee of $1). For information on credit card rates, visit Pricing for details.

Best Invoice Software for Small Businesses - Wave Financial (17)

Nothing beats that “payment received” feeling.

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Best Invoice Software for Small Businesses - Wave Financial (2024)

FAQs

Does Wave do invoicing? ›

The Wave app lets you easily generate and send invoices to your clients wherever and whenever you need to.

Is Wave Accounting really free? ›

Is Wave Accounting actually free? Wave Accounting's Starter plan is free and its Pro plan, which includes more features, is $16 per month. Regardless of which you choose, you will have to pay processing fees to accept invoice payments online.

What percent does Wave take? ›

Wave Invoicing is free, in the sense that it comes with no monthly charge. However, you will pay a processing fee for any money collected through the service: This fee is 1% for bank payments, and 2.9% + 60 cents for credit payments (or 3.4% plus 60 cents for American Express).

Is FreshBooks better than QuickBooks? ›

FreshBooks is best for freelancers, solopreneurs, and small businesses that offer services and don't intend to grow much. It offers time tracking, unlimited invoicing, basic project management, and basic reporting at a low price. QuickBooks is best for medium to large businesses and businesses that have plans to grow.

How do small businesses keep track of invoices? ›

For the best invoice tracking, a company should use a professional accounting and invoice software program. What should you look for in your invoice tracking software? Cloud backup (or fully in-cloud functionality) is a big one, ensuring you always keep track of invoices should something happen to your files.

Does wave invoice report to IRS? ›

You will receive a 1099-K form from Wave in January if, during the previous year, you processed payments with Wave Payments and meet the minimum reporting requirement set by the IRS or your state. For minimum reporting requirements, see Form 1099-K: state and federal thresholds.

How is Wave different than QuickBooks? ›

Wave's platform is simpler and designed for easy use for freelancers and businesses of one, while QuickBooks is designed to cover complex business needs and grow as your business grows. If you're a freelancer or other solo service provider, Wave is a better option.

Is there a free invoicing app like Wave? ›

Free Wave alternative for contractors, consultants, and small businesses. Though Wave and ZipBooks are both free invoice services, ZipBooks still has features that make it hard to go without. ZipBooks has great costumer support for all users, without having to pay a single penny.

Is Wave invoicing safe? ›

Your accounting data is stored on servers that have strict physical access protocols, meaning there are rules in place limiting access to only the people who need it to do their jobs. The facilities are controlled with 24/7 monitoring, and the technology is digitally protected. Wave doesn't store credit card numbers.

Does Wave integrate with QuickBooks? ›

Wave doesn't natively integrate with QuickBooks. However, you can use Zapier to connect Wave to QuickBooks.

How does Wave invoicing work? ›

When you create an invoice in Wave, you can add multiple products or services to it. Every product or service you create needs to be associated with an income account. Wave automatically keeps track of the income from invoices under the income accounts you set for each of the products and services you sell.

How does Wave invoicing make money? ›

While users never pay startup or monthly fees, Wave does charge a credit card processing fee of 2.9% plus 30 cents per transaction for most cards. This is a typical credit card processing fee that you'll find on any platform.

How does a customer pay a wave invoice? ›

There are two ways to collect an invoice payment with Wave: You can send your customer an invoice so they can make an online payment, or you can manually charge their credit card. You can accept invoice payments from credit cards issued outside of the country your business operates in.

Is Excel good for invoicing? ›

Another benefit of using Excel for invoicing is the ability to automate certain tasks and improve efficiency. For example, by setting up formulas and calculations within your invoice template, you can reduce manual data entry errors and save time on repetitive tasks such as calculating taxes or discounts.

Is QuickBooks good for small business? ›

QuickBooks is one of the best accounting software to choose if you're looking for an easy way to manage payments, invoicing and expense tracking for your business. The accounting software is accessible on any device, but you need to set it up properly to enjoy its benefits.

Can QuickBooks be used for invoicing? ›

Create and send invoices in minutes. With QuickBooks online invoicing software, you can access your account at any time, and run your business on any device. Bill your clients, track your invoices and monitor your payments wherever you go–right from the QuickBooks app on your mobile device.

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