“There is no such thing as a free lunch” is a popular adage communicating the idea that it is impossible to get something for nothing. Notwithstanding the elements of truth that this adage conveys, making use of cost-free accounting software package is quite simple and effectively practical these days as there are quite a number of reliable free accounting software packages out there on the Internet which earn their revenue from their discreet in-application advertising.

One such example of free accounting software is Wave Accounting Software.

Logo of wave accounting software

Wave accounting software

Wave is a cloud-based, integrated software built especially for freelancers, contractors, entrepreneurs, consultants, and small business owners. Since this is cloud-based, it eliminates the need for passing data files back and forth. It has all the core features a small business needs in an accounting solution. These include the ability to track expenses, create financial reports, send invoices, link bank accounts and more. And unlike other free services that limit usage, Wave is not just a free trial. It stays free no matter how much you use it. The free software comes with unlimited invoicing, expense tracking and recording of accounting entries with no sneaky pricing tiers that raise your rates. This means you can use it for as many customers, invoices, expenses and reports as your business needs.

If you ever wonder why the software can be free in such a way, below is what is stated on their web blog and we have so far agreed with what they claim they are.

“Wave’s invoicing, accounting and personal finance tools are completely free.

Inside Wave, you’ll see offers from companies like Amex, Staples, Dell, Moo and others. We call these our Business Savings. The companies offering Business Savings pay to have a presence in Wave, and that lets us provide awesome, innovative features to you for free. Pretty cool, huh? You get great offers that save you money, plus free online software from us.”

For more information on Wave Accounting Software, click here.

Our recommendation

We have been using Wave for a number of our clients. Base on our experience so far, we are of the opinion that Wave Accounting is one of the best free accounting software for small businesses.

Our Accounting Service using Wave Accounting Software

After you choose your accounting software, if you may need an outside accounting or bookkeeping service to help your business with taxes or handle more complicated bookkeeping tasks, kindly do contact us. We will be glad to offer our bespoke accounting service using Wave Accounting Software.