And FreshBooks doesn’t limit your user number, but it does charge an extra $10 a month per user—which adds up fast. Service or project-based businesses should choose accounting software that can track project costs, revenues, and profits. The software must have tools to track time, record billable hours or expenses, send invoices for progress billings, or monitor project progress and performance. The free (Starter) and paid (Pro) plans offer basic features, such as invoicing, income and expense tracking, and payment processing. For example, QuickBooks Online doesn’t have a cash flow to creditors calculator free plan, but offers four paid plans, each with additional features, making it a great choice for scalability. With the higher-tier QuickBooks plans, you have access to inventory management, billable expenses and project profitability tools, none of which are offered with Wave.

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1. Some features are also only available on the paid Wave Pro plan.
2. It also has a new company wizard to walk you through the setup process and that prompts you for the basic information needed.
3. Any connections between you, your bank accounts, and Wave are protected by 256-bit SSL encryption.
4. We provide different levels of support, depending on the plan and/or the add-on features you choose.

Join the thousands of people like you already growing their businesses and knowledge with our team of experts. We deliver timely updates, interesting insights, and exclusive promos to your inbox. The sales and income tax features are evaluated across the other categories, so it has no separate video. Support for non-paying users is limited to the chatbot and self-service Help Center. Only integrates with in-house apps, like Wave Payments and Wave Payroll; does not integrate with card readers for in-person payments. Many, or all, of the products featured on this page are from our advertising partners who compensate us when you take certain actions on our website or click to take an action on their website.

Give your clients what they want

QuickBooks Online also has hundreds of integrations, connecting your accounting solution with other small business software and apps. Wave interim reporting has recently updated its pricing model to now include a paid plan. Now, many standard features (such as automatic importing of bank transactions) are only available if you purchase a monthly or annual plan. Additionally, your cost may rise with add-ons like payroll, payment processing, or professional bookkeeping services.

We provide different levels of support, depending on the plan and/or the add-on everything you need to know about equity crowdfunding features you choose. Create beautiful invoices, accept online payments, and make accounting easy—all in one place. Finally, if you need extra help with your bookkeeping, accounting, or taxes, Wave Advisors is a service you can add to your account. This option is great for business owners who are new to accounting or want to outsource bookkeeping and/or tax filing. There are several additional Wave products that you can purchase for your business.

Decide which of your invoices will allow online payments

Wave keeps up to date records so you’ll always have the info you need for filing – or sharing with your accountant. Want to look more polished, save more time, and conquer cash flow? Create customizable invoices from templates with easy drag-and-drop editing. Wave has helped over 2 million North American small business owners take control of their finances.

Accounting made easy.

Check out our comparisons among these top three accounting software options to find the right fit for your business. Wave offers a decent number of support resources to customers, but the response times can be slow. Furthermore, customers using the free Starter plan will have limited support options.

FreshBooks is an affordable option for freelancers and small service-based businesses that operate mostly on the go. Moreover, you can integrate QuickBooks with hundreds of third-party tools available in the app marketplace. There are also add-on Intuit services like QuickBooks Payroll or QuickBooks Time. Our (non-judgmental) team of bookkeeping, accounting, and payroll experts is standing by to coach you—or do the work for you. By providing feedback on how we can improve, you can earn gift cards and get early access to new features. You can file yourself with assistance or have your taxes filed for you.