Is there a good alternative to Wave accounting software?
Depending on where an accountant works, there are always horrific periods when they need to double up their flexibility, ability to work under pressure, and their keen observation to details and numbers.
So essentially, what are the basic things accountants do?
- Inventory Management
- Payroll System
- Reporting and Analysis
- Billing and Invoicing
- Fixed Asset Management
- Tax Management
- Data Management
Their responsibilities can be overwhelming at times and can be very stressful most of the time. Thanks to innovation and technology, there are now what we call “cloud accounting” and accounting software which gives a solution to these often overwhelming duties.
Among the many accounting software options, Wave accounting is gaining in popularity. Let’s explore the advantages of this software.
According to Wave CEO, Kirk Simpson, they believe that understanding accounting was fundamental to business literacy, that was why they made their software free for everyone.
Products & Services:
User Experience: Great for start-ups
So there you are, Wave is popular because it is for FREE. But other than that the services it can offer are very basic and limited. This is something that a professional and experienced accountant will not want to use. They need more powerful, intensive, detailed, and helpful accounting software. This is why Wave’s CEO made the software free for everyone because it can be used by anyone – students and small business owners alike.
Let us go back to the main question of this article: Is there a good alternative to Wave accounting software? Definitely yes, and it’s FreshBooks.
FreshBooks lives by a philosophy of 4Es which means “Execute Extraordinary Expenses Everyday”. It is an accounting software built exclusively for non-accountant. It also consists of a team who is dedicated to ensuring every day that their clients are focusing on their business, not on the accounting part.
Cost: Free (30 days)
Products & Services:
- Invoice, Expenses, and Report
- Web and Mobile Access
- Free Customer Report
- Email Support
- Time-Tracking Features
- Project Tracking Features
- Team Timesheets
- Apps and Integrations
User Experience: Easy navigation and very detailed
Compared to Wave, FreshBooks has a lot of advantages when it comes to what they can offer to their clients. Signing up is also available for FREE, but you can subscribe to plans for more features and services starting from $15/month or based on the number of your clients and teams. You can also downgrade it to meet your business growth or lulls, or cancel your account within your 30-day trial and your first payment will be refunded to you.
With FreshBooks, you can easily create a one-on-one communication with your clients. They can view and print Estimates, Invoices, and Proposals using the link you provide without having them sign up to FreshBooks. You can send comments and notes back to your client for clearer communication.
Aside from the usual function of accounting software, FreshBooks has added something even better, which is the integration of your FreshBooks account to other variety of apps you also use for your business. Zapier, for example, is a tool that allows you to connect with other apps that automate your everyday tasks. Integrating your FreshBooks account with Zapier and 750+ integrated apps will make your business management very efficient and breezy. Aside from Zapier, you can also integrate your FreshBooks account with G Suite application.
Do you have a team? Perfect, because FreshBooks allows you to invite your team member to improve your productivity. You can set them up in three categories: Basic Employee, Business Partner, or Contractor. Now you will not be confused about who’s who.
FreshBooks, contrary to Wave, can definitely help build and run your business like a pro. They’ve already organized and automated the things you should do, so that all you have to do is execute. If the question is asked if there is a good alternative to Wave, it is definitely Freshbooks.