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      June 17, 2019

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Freshbooks vs Wave Accounting

To help you find the Best Accounting Software, TopConsumerReviews.com provides you with an in-depth comparison of Freshbooks and Wave Accounting.

To see ALL of our reviews for the Best Accounting Software, please Click Here

Get Your Accounting Software at Quickbooks Today! Whether you're just starting a new business or trying to get your finances organized - business accounting software is a great place to start. There are a number of user friendly, affordable options that allow a company to create invoices, track payables and receivables, run reports, track inventory and much more.

Making the right accounting software choice is an important decision that's dependent on a number of variables. Some of these include the size of business, the number of employees, your desired functions, and your accounting experience. Finding the right accounting software that's flexible and user friendly is imperative to business success.

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Best Reviews

2019

Accounting Software Reviews

4.5 stars
Freshbooks

FRESHBOOKS Visit Site

Cost:

Free - 30 day trial

$19.95 per month - Seedling

$29.95 per month - Evergreen

$39.95 per month Mighty Oak

FreshBooks provides a customer friendly cloud accounting platform for service based small business owners. Users do not have to hold accounting degrees to successfully utilize FreshBooks and all of its features. This company started in 2006 and currently services over 5 million users in 120 different countries. They are a Canadian based company that is quickly becoming a highly ranked market leader for small business owners.

The beauty of cloud accounting is that records and updates may be accessed from anywhere in the world. That means time tracking and invoices may be logged and completed on the go. No need to carry around a pile of old receipts and time logs for your return back to the office. Updates may be made to FreshBooks at any time. Also, typical small office hardware and software glitches that occur will not impact your accounting records. An additional bonus is that FreshBooks suggests users can anticipate receiving client payment up to 11 days faster, at the same time, you can save up to 8 hours a week in managing invoices.

For those that like to try before they buy, FreshBooks offers a 30 day free trial offer. You can create invoices, track time, manage billing, and more. We liked that FreshBooks offers apps for iOS and Android phones, tablets, etc. They also have functionality to allow you to take pictures of your business receipts and eliminate all unnecessary paper.

The company offers 4 different no-contract plans:

  • The free 30 day trial option that requires no credit card to start
  • The Seedling plan at $19.95 per month for 1 user and will service up to 25 clients
  • The Evergreen plan is $29.95 per month and works with unlimited number of clients
  • The Mighty Oak plan is $39.95 per month with the option to add additional users for $10 each per month. Like the other plans, you'll have access to hide the FreshBooks logo on emails to clients, enjoy automatic expense imports from credit cards and bank accounts, access automatic late fees and create overdue invoices. This plan also works with project managers, creates team timesheets and team expense reports.

FreshBooks is available to answer any questions Monday through Friday 9am to 6pm EST. Their customer service team is knowledgeable and friendly.

For those small business owners that service customers and other businesses, FreshBooks is a viable cloud based accounting platform that makes sense.

Visit Site

3 stars
Wave Accounting

WAVE ACCOUNTING Visit Site

Cost:

Free

Wave Accounting is a web based accounting system. There is no software to download as everything is available online. Perhaps its best feature is that it is completely free of charge. The website application is supported by advertisers which appear on their Business Savings feature offering a page full of special offers for Wave users.

Wave Accounting started in 2010 and is based in Toronto. The application is specifically designed for the very small business and owner-operator, with nine employees or less. Wave is designed for the non-accountant because of its overall simplicity and basic features. It's likely that the accounting professional would find it much too limited for their liking, but then again, Wave is not attempting to serve that particular end-user.

Like many new startups, Wave began with very limited features. Over the past few years they really have not changed or updated their offerings to a great extent. One exception is the integrated payroll processing solution that was added for Canadian users and later expanded to the U.S. market. There is a $5 per employee charge for this feature.

Wave Accounting is sort of a jack of all trades and master of none. It offers most of the same features that the best accounting programs and websites offer, but it isn't nearly the best at any of them. It does have the ability to connect the financial institutions you work with, such as banks and credit card companies, enabling you to download your recent transactions.

Overall, Wave Accounting is a very basic, free of charge accounting solution for the smallest of small businesses. If that describes you and your business, you might want to give Wave Accounting a try.

Visit Site

Continued from above

A number of business accounting software programs exist today that are designed to help small to medium sized businesses. Which accounting software product is right for your company? There are several important factors for you to consider, including:

  • Functionality. Will the accounting software complete all the major functions needed for bookkeeping and accounting for your business?
  • Price. How does the accounting software price compare to those offered by other software companies?
  • Customer Service. Is the customer support for the accounting software available if a question or problem comes up?

TopConsumerReviews.com has reviewed and ranked the best accounting software available today. We hope these reviews help you find the right accounting software that works for your business!

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