Managing accounts for yourself or your business is no easy task. Many accountants go through years of specialized schooling in order to hone their financial analysis skills. Thankfully, as technology advances have increased, so have programs and applications designed to aid business owners and financial analysts in their work, including the field of accounting. One up-and-coming software program that’s designed to maximize the benefits of both technology and accounting is known as Wave. With Wave Accounting, small business owners can handle their accounting on their own, without racking up extra consulting fees or getting lost in a word of ones and zeros. Wave Accounting is designed to be easy, intuitive, and user-friendly: no jargon, just common sense.
Creating a Wave Accounting account is simple, just like the rest of the sight. Your data is always available and backed up externally, creating extra confidence that you can access your information in the event of an emergency. Your software is instantly available to you, so there’s no delay between purchase and installation. All your data is encrypted to the max, using 256-bit encryption to ensure ultimate data integrity and protect both yours and your customer’s information. Wave hosting servers are housed under both physical and electronic protection for additional security, making it a win-win for everyone. As if this weren’t enough, Wave is also PCI Level-1 certified, meaning they’ve been independently reviewed and entrusted with handling credit card and bank account information. With a Wave Account, you can trust you’re putting your information in safe hands.
Wave Accounting is also designed to prioritize your business’s health (and wealth) over time. Wave connects all your bank accounts to one place, automatically recording every transaction. Gone are the days of having to hand-copy every purchase or sale in a giant paper ledger or typing in every digit off your receipt entry; Wave does it all for you in seconds with unlimited connections. Wave is designed to make your information as organized and stress-free as possible, so it also provides synthesis reports that give you an overview of your company at a glance at any moment. You can run monthly or yearly reports and comparisons and keep track of overall spending and cash flow trends. Tax time has never been easier, and if you do hire an accountant to review your data, they’ll appreciate the double-entry, accounting friendly software Wave specializes in.
Wave can also connect to external platforms to track additional revenue streams and business transactions. Shopify, PayPal, Shoeboxed, Etsy: all of these things can tap into your transaction stream with ease, creating the perfect instantly integrated user experience. Accept payments in foreign currency, handle bulk transactions and update them instantly, calculate sales taxes and exchange rates, and more, all with Wave. The best part is that you can do this for as many businesses as you want: Wave recognizes multiple storefronts under the same account.
With Wave Accounting software, running your own business has never been easier. The personalized accounting features are designed to address every component of the small-business journey, and the streamlined and user-friendly interface makes accounting stress-free. If you’re ready to jump into enterprise, Wave Accounting is the perfect software companion to help you.