NerdWallet’s accounting software ratings favor products that are easy to use, reasonably priced, have a robust feature set and can grow with your business. Learn more about how we rate small-business accounting software. Wave Accounting is free, but you will have to pay processing fees if you choose to accept invoice payments online. Wave also offers paid products for payroll, coaching and mobile receipt scanning. Once logged in, your main dashboard will show your cash flow, profit and loss, invoices, bills and other financial insights.

• After creating your account, everything is set up so you can get started.
• If the number of items of an API request is too many to return in a single request, then the results are paginated.
• Error_url string
  The URL the customer will be directed to if an error occurs on a payment attempt.
• Scott Rechler says this episode is not a repeat of the Lehman crisis.

Client_reference string (optional, up to 255 characters)
A unique string that you provide which can be used to correlate the checkout in your system. Wave will provide libraries in multiple languages that you can use to perform webhook signature validation. In the meantime, you can follow the steps below for manual validation. Webhooks allow Wave to send real-time notifications about events related to your account. When you create a new API key, you will only see the full key once.

Wave Accounting can be a great option if you run a very small service-based business or don’t need more advanced features that alternatives might offer. For small businesses any larger than that, however, Wave is limited. Unlike competitors, Wave doesn’t offer multiple plans to increase the software’s functionality. It’s also missing an audit trail and third-party integrations. Digital business cards allow you to share your brand, contact details, and business info all in one place. Gone are the days of scattered social media profiles, websites, videos, and images.

Tax payments and filings

Automated, accurate payroll helps you stay compliant, save time, and be stress-free. Only pay for what you use and simplify annual audits with workers’ comp built for small business owners. Employees can securely log in to access their pay stubs and W2s, and manage their contact and banking information. Your employees can log into Wave securely to access their pay stubs and T4s, and manage their contact and banking information. Easily create, customize, and send professional invoices while on-the-go.

Digital business cards, also called contactless business cards, provide a convenient way to share your contact details with anyone. They can be shared using a QR code, NFC card, email, or text. This makes them perfect for exchanging professional details, capturing leads, and storing contact information basic approach to process costing in cost accounting digitally. These errors will be delivered as part of the webhook that notifies your system of a failed checkout payment attempt. The code will be under the last_payment_error field of the webhook body. In response to unsuccessful requests, Wave provides details about the error in the message body.

See all small business payroll features

Switch between automatic and manual billing whenever you want. With the Wave Money business banking account, managing your business finances is a breeze. Our invoicing, online payments, accounting and bank connection features give you a unified view of your income and expenses – no need to log in to multiple apps or tools. Instant payouts is an additional service offered by Wave subject to user and payment eligibility criteria. A 1% fee is applied to the amount you withdraw from your available balance, in addition to regular processing fees.

The Checkout Session object

Easily monitor and keep track of what’s going on in your business with the intuitive dashboard. The quick summary allows you to stay in control of your business finances, including a task list of outstanding items.

Accept credit cards

Wave_launch_url string
A URL which will open the Wave app to initiate the checkout or give instructions for completing the checkout if Wave is not installed on the device. Checkout.session.payment_failed Checkout Session
Occurs when a payment for a checkout session fails. When an API request cannot be completed successfully, the response provides information about the failure in the message body and in the HTTP status code. Wave API responses use HTTP status codes to indicate whether a request has been completed successfully.

We’ve also crafted a guide to small business payroll to help you navigate the process. Deposit payments quickly, reliably, and directly into your employees’ bank accounts. If you’re on-the-go, you can also send invoices from your phone or other mobile device using the Wave app. Yes, switching from other accounting apps or products to Wave is easy! See our step-by-step guide on how to import bookkeeping data into Wave here.

Allow your customers to pay your invoices immediately via credit card, secure bank payment (ACH/EFT), or Apple Pay. Strong invoicing feature competes with that of paid products; app lets users send invoices on the go; offers significantly fewer reports than competitors; no inventory tracking. Wave is the best digital business card because of the many free features that are offered to individuals and businesses.