See invoice summaries, tap into business reports, receive payment notifications and more using our highly-rated, free mobile app, available on iOS and Android. See sent, viewed, paid and overdue invoices in one place so you know which clients are on the right track or need a nudge. See pending and completed payments from project-based and quarterly clients in one dashboard to identify revenue ebbs and flows and plan accordingly.

Connecting your accounts

In short, QuickBooks Premier is best for businesses that need industry-specific features, while QuickBooks Pro is ideal for small businesses with general accounting needs. For more information, check out our guide on QuickBooks Pro vs. Premier. Through Wave, you can onboard and pay employees and independent contractors via direct deposit. Wave also handles payroll taxes in 14 states, but all other states are self-serve (the platform continues to add more full-service states). In full-service states, payroll in Wave costs $35 plus $6 per employee or contractor per month.

Enjoy customers paying you 3x faster when you enable online payments

1. As a more modern platform, Wave has a simpler and easier-to-navigate user interface (UI) while QuickBooks offers an array of features and tools that require a significant learning curve to navigate.
2. NerdWallet independently reviews accounting software products before determining our top picks.
3. QuickBooks by Intuit is a mainstay in online invoicing and accounting for small businesses.
4. With the higher-tier QuickBooks plans, you have access to inventory management, billable expenses and project profitability tools, none of which are offered with Wave.
5. For example, QuickBooks Online doesn’t have a free plan, but offers four paid plans, each with additional features, making it a great choice for scalability.

We encourage you to research and compare multiple accounting software products before choosing one. This app is super helpful, the main issue I have while matching principle using it is the lag. When inputting information the character count for it is super slow/delayed to where it forces me to stay on a certain page until it registers that information has been inputted.

Give your clients what they want

These features help keep our invoicing, and accounting, free. Among QuickBooks product offerings are add-ons for payroll, a bank account, advanced accounting, employee time tracking and e-commerce inventory management. QuickBooks expense tracking lets you automatically capture information from receipts and track miles, features that make QuickBooks more flexible for a variety of businesses. However, like most products with free plans, Wave has its limitations, especially compared to more scalable small-business accounting software. Although Wave’s paid plan offers additional features, it’s still missing some more advanced capabilities, like built-in inventory tracking and audit trails, that growing businesses might need.

While human error will always play some role in security breaches, you can be confident in your accounting platform when it comes to keeping your information safe. Using billing software helps to eliminate some or all potential human errors by automating several processes that are normally done manually. Automated billing, invoicing and other processes also help improve project and client management.

Yes, switching from other accounting apps or products to Wave is easy! See our step-by-step guide on how to import bookkeeping data into Wave here. Once you’re approved, you can turn payments on or off for any invoice, or pick default settings for all invoices. Quickly build project estimates and professional invoices that reflect your business. Upload your logo, add customer info, share notes, and set net payment terms with ease. When everything is neatly where it belongs, tax time is simple.

Your billing and invoicing processes are also more streamlined and bills are processed and sent out in a timely manner. With QuickBooks Checking, you can get integrated bookkeeping plus instant deposit of your payments, plus 1% APY interest on your balance (as of July 6, 2022). Compared with free software like Wave, QuickBooks plans are expensive. The most basic plan, Simple Start, costs $30 per month, and the top-tier Advanced plan costs $200 per month, which is a sizable investment if you’re running a business on a tight budget.