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Free Accounting Software - Worth a Look?

 
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Bruce
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Joined: 06 Jun 2005
Posts: 7273
Location: Portland, OR

PostPosted: Fri Feb 07, 2020 1:45 pm    Post subject: Free Accounting Software - Worth a Look? Reply with quote

I'm tired of paying Quickbooks $300 every year for basically just an invoicing program and just now my search has turned up this:

Wave Small Business Accounting - https://www.waveapps.com/accounting

It is online, but totally free to begin with. The way they make their money is by charging a very normal fee for accepting credit card payments and e-checks for you. They also charge for payroll services but I'm guessing most of us don't deal with that.

Here's a review from PC Magazine: https://www.pcmag.com/reviews/wave

Changing accounting programs is a lot easier at the beginning of the year, so I'm seriously considering acting shortly.

Anyone with experience with Wave Accounting?

B
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George
Contributor III


Joined: 09 Dec 2019
Posts: 78
Location: Seattle, WA

PostPosted: Fri Feb 07, 2020 2:32 pm    Post subject: Reply with quote

No experience of my own yet. However, this looks fairly promising other than being a free service storing data on a cloud system. I'd like to know more about ownership and the level of potential for nefarious use of financial data of its customers...
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craigsvoicetalent
Contributor IV


Joined: 04 Oct 2016
Posts: 126
Location: Houston baby!

PostPosted: Fri Feb 07, 2020 3:07 pm    Post subject: Reply with quote

If you do your own business taxes through TurboTax small business ($90) then they bundle the annual subscription for QuickBooks self employed for free. Works really well for me.
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todd ellis
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Joined: 02 Jan 2007
Posts: 9886
Location: little egypt

PostPosted: Fri Feb 07, 2020 3:21 pm    Post subject: Reply with quote

i use wave apps to invoice my son for his car payment from the bank of mom & dad --- that's all i've used it for --- but it works --- and it's free.
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Matto
Club 300


Joined: 27 Nov 2007
Posts: 370
Location: Vancouver Island, British Columbia

PostPosted: Sat Feb 15, 2020 12:35 am    Post subject: Reply with quote

I used Wave Apps for a good couple of years, and that was in its early days. It was solid even then. Never really had any problems.

The only reason I switched from it is that I could integrate Zoho Books with my CRM and generate invoices automatically from captured job details. If WaveApps played as nice with the CRM, I might have kept it.

However I still use it for the bookkeeping for my hold co, and a community organization I am a part of keeps its financial records with Wave.

Everyone I know that uses Wave Apps is really happy with it. One of the best deals around!
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Glenn Moore
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Joined: 24 Jan 2005
Posts: 236

PostPosted: Sat Sep 26, 2020 6:29 pm    Post subject: Reply with quote

Hi Bruce....did you ever try this free accounting software? I am going to move all of my accounting and invoices online starting for 2021. Quickbooks and Freshbooks seem good but Waves appears to do the basics for free which is all I need. Tired of having to worry about backing things up all the time so I think I will put it all in the Cloud so I can access it from anywhere. Thanks.

Glenn
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George
Contributor III


Joined: 09 Dec 2019
Posts: 78
Location: Seattle, WA

PostPosted: Sun Sep 27, 2020 9:39 am    Post subject: Reply with quote

I just pulled the trigger on Waveapps about a month ago. So far I'm impressed with what it does. It's basic but it seems to work pretty well. Marc Scott has great things to say about it as well I've noticed.
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Glenn Moore
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Joined: 24 Jan 2005
Posts: 236

PostPosted: Mon Sep 28, 2020 2:09 pm    Post subject: Reply with quote

Thanks for the info George. I may give it a try.
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