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Free Accounting Software - Worth a Look?

 
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Bruce
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Joined: 06 Jun 2005
Posts: 6947
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



Joined: 09 Dec 2019
Posts: 22
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
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Joined: 04 Oct 2016
Posts: 115
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
A Zillion


Joined: 02 Jan 2007
Posts: 9603
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: 352
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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