Keep in mind, however, that once verified you cannot edit the receipt anymore, only view or delete it. When you checked all data, click on Verify and the receipt will be added to your expenses. When the picture of the receipt is uploaded, you have to wait while Wave processes it after which you can type in all necessary data about the new receipt. To create a receipt you have to upload a picture thereof first either from your computer or by using your mobile device. Also, be prepared that the software is a tad slow even when no other programs are opened. And there are some features that are either not well developed – such as adding new customers, vendors and products under the Accounting subpage – or they are far from important, like Pro Services, which is just a built-in Google search for nearby accounting service providers. Missing features are check creation and printing, time tracking, projects, 1099s and profit & loss reports. Some features, however, are completely missing from Wave Accounting's services. The available functions are as follows: transactions, invoices (including recurring ones), estimates and statements, payments, bills, receipts, accounting, reports, payroll and pro services. Wave’s dashboard is rather blank: on the left you will find the most important features, while the rest of the screen is loosely taken up by your financial snapshot and your recent activity. Registration is free of charge you don’t have worry about a trial period, and you can cancel your account any time. You just have to sign in, and you will get everything that the company has promised you-for free. Wave is a cloud-based online accounting solution, therefore you don’t need to download any software. If you are a sole proprietor or an owner of a small business and you want to get accounting software that knows the basics without spending a fortune, then Wave may be worth a try. Therefore, if you are not satisfied with Wave’s services, you lose nothing. Furthermore, you can cancel your account any time you want. But Wave has a huge advantage over its competitors: it provides all the major features for every single user free of charge. These all should be warning signs to avoid the software. Upon further examination you will see that the user interface is rather blank you have to pay for certain additional features, even for live chat and phone support, no profit & loss reports are created, and you are mostly unable to access your account from a mobile device. Lacking or pay-only features and supportĪt first glance, Canada-based online accounting solution Wave is nothing special: you can do invoicing, create estimates, bills, add your clients, vendors, products, upload receipts, and check some reports.
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