Part 1- Wave:
Using small business accounting software helps relieve the burden of manual data entry, prevents common human errors, helps businesses and accountants when tax time comes around, and allows the user to look at in-depth reports of how their business’ finances are faring. As a small business owner, you benefit from accounting software because it helps you track accounts receivable and payable and clearly understand your profitability.
Wave Free Accounting Software
Wave Accounting offers different types of accounting software for small businesses but it is well known by businesses that offer different types of services. This software offers free tools like: Invoicing, General accounting, and Receipts generating . In the main dashboard, you have access to crucial financial information about your business. You can keep track of your sales, invoices and bills, and purchases.
There is also an option to connect your bank account to this software and control your accounts’ cash flow. Wave accounting offers effective report generating tools that allow you to keep track of your business’ health with monthly or yearly comparisons. With these reporting tools, you’re able to identify any trends with your cash flow management.
Other advantages of Wave accounting software are:
- A very user friendly and easy to run interface
- Mobile App that offers almost all the services you need to run your business
- There is no limit on transaction or billing
- Unlimited number of users