ALL COMMENTS ARE ANONYMOUSI want to see how Invoicing, Billing, Reconciliation, Financial institution integration and API works. You can also thumbs up for your favorite sites or thumbs down for those sites that you dont like. Wave browser allows you to post your comments on any internet page you visit. Wave browser does not track your browsing. Get Wave browser and experience a higher level of security. Here are the ones that I reviewed:Wave Browser.
Wave Accounting Review Software Options OutWave is one of the best accounting software options out there, especially for freelancers. Free plan available (All Plans) Visit Wave. (Editor) Starts from 2000 per month.You first create an empty invoice where you select the client and date, and add items in the next step. Setup is straight forward and user interface is easy to use. In both applications, you can simply create a new item and map to Income and Expense settings directly from the invoicing or billing screen.FreeAgent – I found the user interface to be confusing. You create Income Items (such as Carpet or Floor Cleaning) and map them to Income accounts. Invoicing – IncomeOutright – does not have an invoicing option however it integrates with other tools like Harvest or Freshbooks.Xero and Wave Accounting – invoicing is similar to how QuickBooks works. Then I went back to explore more if necessary.You create Expense Items (such as Carpet or Floor Cleaning) and map them to Expense accounts. You can map invoice items to different Income Accounts, however, it does not support Income ItemsWinner(s) – Xero and Wave Accounting Billing – ExpenseOutright – does not have a billing option.Xero and Wave Accounting – billing is similar to how QuickBooks works. It does not support Income Items so everything goes under the same bucket.Kashoo – Interface is easy to use. I am not interested in this feature.LessAccounting – Interface is easy to use. FreeAgent supports Projects so if you are looking to link invoices and bills to particular projects, you may want to check that out. You can create Sales Items, however you cannot map them to different accounts so everything goes under the same bucket.![]() This will work fine for an individual and a small company but you may find the billing a bit limited if you work with a number of vendors. Again, you can link them to Projects if you wish.LessAccounting – Billing and Expenses are combined in LessAccounting. In both applications, you can simply create a new item and map to Income and Expense settings directly from the invoicing or billing screen.FreeAgent – You cannot itemize bills in FreeAgent. Remember, Outright does not have integrated invoicing/billing so reconciliation is not really an option anyway.Xero – Xero is the true winner here. This does makes sense…Outright – You can map expense and income items to categories. A bank reconciliation just means agreeing the accounts back to the bank, and by uploading your transactions from the bank, you’ve done that already”. FreeAgent support says “If you’re uploading bank transactions and explaining them you don’t need to do a traditional bank reconciliation. Basically, you import your bank or credit card statement to the application and then match it to Income/Expense accounts. You can link expenses to customers.Kashoo – Interface is easy to use. You can itemize bills and map different Expense Accounts, however, it does not support Expense ItemsWinner(s) – Xero and Wave Accounting ReconciliationAlmost all these applications have a different approach to reconciliation. I simply did not get how reconciliation works.Kashoo – You cannot split a transaction in Kashoo. You can split transactions. You can split a transaction in to multiple items (ie if you deposited $10K to the bank which consists of multiple checks, you can map it to multiple invoices).LessAccounting – Like Wave, LessAccounting’s reconciliation is a bit cumbersome. You can split transactions.FreeAgent – Matching interface is nice. I could not map an item to an invoice payment that I received. I found it to be the closest to the traditional, QuickBooks-like reconciliation, in a much easier and intuitive way.Wave – I found Wave’s matching system to be cumbersome. You can manually upload statements.Winner(s) – Outright, Xero, Wave Multi-currency SupportXero, FreeAgent, Kashoo, Outright, Wave – support multi-currency transactions.LessAccounting – you can pick the currency for an invoice but not for an expense. You can also manually upload statements.Kashoo – You cannot direct link institutions or Paypal, however, you can upload statements.FreeAgent – Direct linking is only supported for Paypal. I have not taken an indepth look yet but all seem to support the functionality that I need – creating Invoices and Bills using the API.Winner(s) – Xero, FreeAgent, Kashoo, Outright, LessAccounting (again, I have not individually reviewed the ease of integration) Bank Account IntegrationOutright, Xero, Wave, LessAccounting – Supports direct linking to financial institutions and also Paypal. According to the support page they are working on it…Xero, FreeAgent, Kashoo, Outright, LessAccounting – They all have APIs. Quicken 2017 guide for macQuarterly and yearly filing reports are available.Wave – Complete support for sales tax. You can define multiple rates and map them to your accounts. According to the support page, plus version offers quarterly tax reports.Xero – Complete support for sales tax. Since I am testing the free version, I was not able to review the options. Snes emulator mac romsI seriously consider Wave, however, I need to pass since there is no API for integration. Quarterly and yearly filing reports are available.Winner(s) – Xero, Wave, FreeAgent, Kashoo ConclusionMy choice will be Xero at this point. Quarterly and yearly filing reports are available.Kashoo – It has predefined tax settings based on the country. You can also map them to your sales items. Quarterly and yearly filing reports are available.LessAccounting – You can define multiple sales tax rates. Quarterly and yearly filing reports are available.FreeAgent – You can define multiple sales tax rates. Of all the systems I reviewed, Wave Accounting is the only completely free solution.Please share your experience with any of these or other accounting packages…Update: We have completed the switch to Xero and I posted a 2 month review for Xero Accounting.Right now we are not supporting languages which is why the PDF invoice will not display Chinese characters if this is what you you are asking.You will not be able to rename the categories that were provided. Bookkeeping and accounting are serious matters and price cannot be the deciding factor unless everything else is equal. Sure, Outright offers the most for free but it lacks “must have” features for me. If you are a freelancer, your best bet is probably Outright or FreeAgent.I did not include cost in my comparison to be fair. Also note that the business that I am considering is not freelance/individual. However, they can still be invited as a regular “Guest Collaborator”. At this time we are only supporting one domain per business. If a category has the name “custom” or “other”, you should be able to rename it (but you won’t be able to rename “Other Expenses”).We are going to be working on ways so this can be more transparent and straight-forward.2. Search for “custom” or “other”. Click on the “Income” or “Expenses” tab.D. Here’s how you can add custom business categories:C. But other then that, it is perfect and … FUN to use.I have worked around the not multilingual by editing the pdf invoices in a pdf editor. My only frustration at this time (early 2012) is that it still doesn’t work with my bank feeds (Desjardins) and that it is not multilingual. They will need to sign-in using this page: I have been a user of Xero for years. But if they to don’t support bank feeds for Desjardins and have no plans to support multilingual, I’m not sure if in the end it will be worth switching. I am going to benchtest Wave because it is free. I only need the invoices to my customers to be in a different language. I am interested in providing good solutions for my customers – mostly non-profit organizations – and do have to keep an eye open to see how any of them could be the next best choice. These products are developping fast, each time I check the web, there is a new player. Is time consuming.A BIG thank you for your reviews.
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