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The Wave App- An App for Entrepreneurs - NaijaSetup
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The Wave App- An App for Entrepreneurs

by naijasetup

Entrepreneurs know the importance of proper accounting.  There is one accounting solution that won’t let you do the work alone; the Wave app.  Wave app servers are housed in a firmly secured physical environ. Bank connections use a 256-bit encryption mechanism.  From the dashboard you openly see your overdue invoices. Cash flow is completely visible. Insights that let you study income revenues and even losses.  Wave app is totally free, with no charges you can easily us Wave to monitor your finances. Sweeter thing is that this software is web based. This removed the hassle of installations and save system space.

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Overview of the Wave App

The Wave App has lot of great features that entrepreneurs can benefit from. Apart from making your job easier, it avail a lot of great benefit for proper accounting.

When you have provided your details and you signed up for Wave. Choose what you plan to use the Wave app for.  Or better still, you can decide you’re not sure yet and click. Choose appropriate types of business you’re into.

You can connect your bank account to your Wave app to directly monitor transactions. So your bookkeeping is direct. Add your customers and vendors. Add your products and services to the Wave app. Once you have done this, customize your invoices.

Under Sales, you have features such as payments, invoices, recurring invoices, customer statements, product and services. The Wave app lets you add your logo, pick theme color that goes with your brand. Choose a particular template for your invoices.  When you turn on payments, you can directly from Wave accept payment from your websites without any extra coding.

Wave payments allow all major form of payments. Wave let you remind your customers about an outstanding payment with ease.

Major Features That can aid Entrepreneurialism

There is a lot of good features that can help makes your job as a business owner easier. The list below only contains few major features of the wave app

Purchase Menu

The Purchase menu, have things like Bill, Receipts, and also Vendors and Products. Under bills, you can keep track of every bill you got to pay. Choose a particular vendor that owns that bill. Go paperless by uploading your scanned receipts to the Wave.

Wave App Accounting

The accounting menu has features such as transactions, Reconciliation, Chart of Accounts, and hire a bookkeeper. Reconciliation compares your Wave record with your actual record. Chart of Accounts lets you provide detailed records of all your transactions. Cash on hand and expected payments from customers are available functions under the Chart of Account.  Wave has loads of financial advisors you can hire from the Wave app through hire a bookkeeper.

Banking Made Easier

Banking, This feature has functions such as connected accounts, payouts and insurance. With partners such as Plaid, Venmo, Robinhood, Coinbase and Acorns is quite is to trust Wave with your bank details. Connected accounts function, is where you see all the bank accounts you have connect with the Wave. Wave and Next insurance have a better-than competitive price advantage.

Salary Payroll

Payroll, this menu have sub-functions such as, run payroll, employees, timesheets, payroll transactions, taxes and tax forms.  Run payroll let you automate salary payment for your teams once you click approve. Employees le you have record for every member of your staff. Tax calculation and recording with the Wave app is just at your finger tip.

Report Preparations From Wave App

Reports, This is the menu that provides you with detailed record of your income statement. You have record for every tax payments you made. Aged receivable and payable are is available in reports.  This is also the menu where you can find general ledger on Wave.

Wave advisor is available too with varieties of convenient plans.

Tax Filing

With tax filing you worry less about tax preparation. Wave leave you with an option to either file your with a Wave advisor or file your tax yourself. To file with a tax advisor cost 400$ for year round service. To file yourself cost 145$, The Wave app is really a great app every entrepreneur should have.

You might find this post on Dameware remote tool very informative.

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