Business Tools
Hi guys! About three days ago I remembered that I used to have a blog - and I completely ignored it for a many months now ( I know, not good at all). But when I realized I started feeling bad about it - this usually happens during summer. You see, during summer I make all this plans about what I want to do, how to do it and so on. Yes, I know it is an odd time to plan business tactics when my number one goal should be planing the "beach calendar" for this summer plus a vacation - at least a week. But nooo, I don't function like that - I do instead take vacation during winter and work during summer. Fun fact.
Now, let's not forget why I'm writing this post.
I would like to share with you one business tool that I found accidentally and that I believe it's a great addition to your business if you need invoicing, online payment from clients and anything in between tracking your income, payroll or tax reports. Oh, and many other great tools are integrated into this online "small business invoicing, accounting and more" app.
Wave ( www.waveapps.com) is a neat online application to support ones small business or freelancing gig and definitely will improve ones image and professionalism. With a user friendly interface, everybody can customize the look of the invoice, add products or services and be ready to send an invoice or business quote to a client in no time. By the way, this is all FREE; I think I forgot to mention that. Yes as in FREE! We all like free things, right? Of course, they do offer paid services that are very convenient and very decently priced, we'll brifly discuss this later.
100% free services as the Wave team is presenting them on their site under the Pricing tab.
https://www.waveapps.com/pricing/
And the paid services as well
https://www.waveapps.com/pricing/
Besides the free and paid services overall the app has great design, it is user friendly and integrates well in today's fast paced digital environment - the Invoice by Wave app - iPhone and Android versions avaiable - is a great addition to faster and easier send quotes and invoices to clients on the go and not miss a business opportunity ever again. And as a bonus, the guys at Wave developed a Receipts app for iPhone to keep track of spendings and digitally organize paper receipts. The Receipts by Wave can be downloaded here
Let's break it down a little further. This is all information that can be easily found on the Wave website
Accounting features listed on the wave app includes
No training required; fast setup and easy actions
Unlimited bank and credit card connections
Unlimited income and expense tracking
Unlimited guest collaborators: invite your accountant or business partner
Includes unlimited customizable invoicing and receipt scanning, too
Customizable sales taxes
Accountant approved: real double-entry software
Journal transactions
Run multiple businesses in one account
At-a-glance dashboards, including cash balances and invoice status
Automatically generated accounting reports: P&L, sales tax report and more
Accept payments in a foreign currency
Automatic exchange rate calculations
Easy account reconciliation
Secure connections, with 256-bit encryption
Software in the cloud, so you can work anywhere, any time
Automatic data backup
Bill and invoice reminders
Connect Wave with PayPal, Shoeboxed and Etsy
Free online support, direct from Wave headquarters
Seamless, instant updates with your invoicing, payroll and payment data, too
Includes free personal finance tools
Cash Flow Report
Comparative Reporting
Report exports (CSV, PDF)
Fully customizable expense/income categories (chart of accounts) with Account ID’s
Automatic payment transaction reconciliation for Payments by Wave users
and more!
Invoicing 100% free features include
Invoice in any currency
Quickly send estimates and turn them into invoices upon approval
Send statements to follow up on overdue customer accounts
Accept credit cards and bank payments to get paid automatically
Schedule recurring invoices to automate your billing
Personalize your invoices with a choice of professional invoice templates
Customize: add your logo and colors
Make invoices perfect with customizable columns
Organize the content of your invoices with drag-and-drop line items
Automatic and seamless accounting integration
iOS and Android apps for sending invoices on the go
Send using Wave, Gmail, Outlook and more
Know when your invoices are viewed
Set automatic payment reminders to nudge your customer to pay on time
Easy-to-understand cash flow insights
Duplicate invoices to save time when billing
Automatic sales tax calculations
Send professional payment receipts
Automatic backup in the cloud
Customizable payment terms
Track payments, partial payments, overdue invoices
Payments features below. Now I personally don't use this because I'm still in a commitment with a different service provider but once I am able to I will probably switch to waveapps payment as well.
Online payments at low rates
No hidden fees
All major credit cards accepted: Visa, Visa Debit, Mastercard, Mastercard Debit, American Express and Discover
It's convenient: Your customers don't want to go hunting for checks and cash, and you shouldn't have to chase paper to get paid
Get paid out in 2 business days with credit card payments and 2-7 business days with bank payments (ACH)
Take credit card payments over the phone, online or in person
Set up recurring billing with automatic payments for your repeat customers
Bank-grade security for all online payments
Automate your bookkeeping: Your payments connect seamlessly with your accounting records, to keep you organized without lifting a finger
Payroll features
Integrates seamlessly and instantly with Wave’s free, award-winning accounting, invoicing and receipt scanning software
Priority customer support, direct from Wave headquarters
Payroll reminders in your inbox
Great for seasonal businesses; put employees on hold any time at no charge
Easy to understand tax liabilities
Employee self-serve portal for pay stubs and W2s
Payroll in the cloud: Pay your employees from anywhere
Self-service check printing
Secure collaboration with your bookkeeper, partner or assistants
256-bit SSL encryption
Data is backed up automatically for peace of mind
And if you were wondering how everything works if it's free, Wave also provides professional Services for monthly or one time fees, that include professional in house specialists specialized in assisting with business finances, this being a great service for entrepreneurs ready to scale their business.
Overall I believe the guys at Wave are on the right path and I love it. Keep up the good work and looking forward to more useful additions to help small businesses manage their finainces without braking the bank.
