Wave Accounting is a Windows program that helps small businesses manage their finances effectively. There is a suite of tools for tracking income, expenses, invoicing, and generating detailed reports.
Assistance
After installation, it is possible to link bank accounts and credit cards to automatically import and categorize transactions. This feature provides a real-time overview of financial activity, ensuring accurate and up-to-date records.
Compared to Moneydance, this utility includes invoicing capabilities, enabling you to create, customize, and send professional invoices. Automated reminders and recurring billing ensure timely payments as well.
Reporting
As mentioned before, you can generate comprehensive financial reports like profit and loss statements, balance sheets and cash flow summaries. These insights allow businesses to view their performance, aiding in informed decision-making and tax preparation. On top of that, you can accept payments directly through the integrated secure system. There are multiple payment methods such as credit cards and bank transfers.
Features
- developed for tracking expenses and income with automatic categorization options;
- provides customizable invoicing with adjustable reminders;
- users can sign up with email addresses from Google;
- possible to create and export reports in popular formats;
- free to download and use;
- compatible with modern Windows versions.
