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Glossary>Accounting>Wave Accounting

Wave Accounting

Wave Accounting is a free, cloud-based accounting software designed for small businesses and freelancers. It offers tools for invoicing, expense tracking, payroll management, and financial reporting, helping users manage their finances efficiently.

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About Wave Accounting

Wave Accounting was created in 2010 to provide small businesses and freelancers with accessible, free accounting software. It offered a range of financial tools, including invoicing, expense tracking, and payroll management. The platform aimed to simplify financial management for users without extensive accounting knowledge.

Strengths of Wave Accounting include its free cost, user-friendly interface, and comprehensive features such as invoicing and expense tracking. Weaknesses include limited advanced features compared to paid software and customer support that can be slow. Competitors include QuickBooks, Xero, and FreshBooks.

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How to hire a Wave Accounting expert

A Wave Accounting expert must have skills in financial reporting, invoicing, and expense tracking within the platform. Proficiency in bank reconciliation and payroll management using Wave is essential. They should also be adept at integrating third-party applications and troubleshooting common software issues.

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