Wave is a cloud-based accounting service that has both free and paid versions. It’s very easy to use and straightforward to set up. It allows you to connect to your bank account, and third party online services such as PayPal and Shoeboxed. Through these connections it will automatically import any transactions and categorize them according to rules that you’ve set up in advance. It will also learn over time to recognize repeating transactions and will adapt accordingly.
Recently Wave has added the ability to have recurring charges and to include a “Pay” button on each electronic invoice. The payment service is offered in conjunction with Stripe, an online payment system sponsored by Wells Fargo Bank, and offering very competitive transaction fees.
Wave Accounting is free, so it costs nothing to check it out!
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