With a company like Wave Accounting, there is one less thing to worry about; a free Wave account can get an umpteen number of benefits that include a user-friendly dashboard built for specific needs, and not just the accountant. Wave Accounting takes away the stress and strain that is always waiting during tax season. They provide a complete picture of the business health, wherever the client may be. Wave Accounting’s in-house team of bookkeeping, accounting, and payroll coaches work day and night to make sure customers get the full service.

Wave Accounting was launched in 2010, in a shared workspace with a team of eight, by co-founders Kirk Simpson and James Lochrie. In the matter of a year, Wave Accounting as a company reached significant milestones like reaching 100,000 customers, they were fortunate enough to make it on Deloitte’s 100 companies to watch list, as well as move into the historic Wrigley Factory. It was in 2012 that Wave Accounting launched payroll and payment products in North America, claiming their space in the industry by surpassing 500,000 customers in a significantly short amount of time.

In the next couple of years, Wave Accounting launched its now invaluable services like free invoicing, and Wave Advisors. The followed success led to the company’s expansion in many ways, the size of company grew to a team of 250 employees, making it to the Deloitte North America Fast 500 list, winning its deserved place in Best Workplaces in six different categories. It eventually went on to acquire a fintech startup called “Every”, and got acquired itself by H&R Block.  

Wave Accounting is a company that has received multiple nominations and podium finishes at the 2020 Canadian HR Awards, reportedly more than any other company. The massive success of the company under the leadership of co-founder and CEO Kirk Simpson came to an end in 2022, when he announced his successor, current CEO of Wave Accounting, Zahir Khoja.

The company is nowhere close to stopping; the future looks bright with Wave Accounting continuously innovating one-stop money management for small business owners. Wave has helped over 2,000,000 North American small business owners take control of their finances.

Values and principles at Wave Accounting

Small businesses, in the opinion of Wave Accounting, are the lifeblood of their communities. Their goal is to enable more small company owners to start, grow, and prosper as independent contractors by empowering present and prospective entrepreneurs to handle their finances fearlessly. They will remain the most straightforward, comprehensive financial management solution that small business owners can't live without in order to make that happen.

The values that guide wave accounting are:

• Have faith in small company owners
• Together, reimagine what is possible
• Reduce the number of things to do and do them well
• Take great care and issue direct challenges
• Achieve remarkable outcomes

Accounting software: Monitoring cash flow

With Wave Accounting keeping tabs on earnings and outlays are now easing. There's hope for a better tax season. Wave's accounting software makes it simple and cost-free to keep track of earnings and outlays. Everything is ready for users to start using as soon as they create an account. Anytime, anywhere, it can be accessed. For added peace of mind, all data is backed up and constantly accessible.

To help make smarter business judgments, and keep an eye on the bigger picture, their comprehensive small business accounting reports are simple to use and provide comparisons between months or years, making it simple to see trends in cash flow.

Tax time is easy when everything is neatly tucked away where it belongs. Wave's intelligent dashboard arranges the earnings, outlays, money transfers, and bills.

256-bit encryption is used for read-only bank data connections. Servers are protected both electronically and physically in their housing. Wave has earned PCI Level 1 certification to handle bank account and credit card data. Real double-entry accounting software is used by Wave.

Invoicing software: Keeping tabs on the income

With Wave's invoicing software, users can manage customer information stress-free, get paid, and save time. Each invoice that is paid increases the amount of money that a small business makes. In just a few seconds, create and send clients expert invoices and always get paid on schedule. Through invoicing software, it is possible to set up automated credit card payments and recurring invoices, then quit chasing payments for loyal consumers. Users can choose to switch between manual and automated billing at any time. The free Wave Accounting program that comes with the account instantly synchronizes all of invoices and payment data.

Look through each customer's past correspondence, including bills and automated reminder emails, to get a clear idea of what needs to be prioritized. Recognize when an invoice is viewed, when it's due, or when it's paid, so that one can manage cash flow appropriately. When a customer's invoice is due, set up an email reminder to notify them of it.

Built for small business owners

Zahir Khoja is the Chief Executive Officer of Wave Accounting. 

“Wave has helped over 2,000,000 North American small business owners take control of their finances.”