Valid receipt for 2016 tax preparation fees from a tax preparer other than H&R Block must be presented prior to completion of initial tax office interview. To qualify, tax return must be paid for and filed during this period. Visit hrblock.com/halfoff to find the nearest participating office or to make an appointment. Today’s leading accounting platforms offer standard security features, such as data encryption, secure credential tokenization and more. While human error will always play some role in security breaches, you can be confident in your accounting platform when it comes to keeping your information safe.

We believe everyone should be able to make financial decisions with confidence. The feature is designed for busy freelancers and small business owners who use Wave’s free accounting software. If you don’t want an actual app to scan receipts, you can use the built-in Notes app on your phone. Select the camera button, then Scan Documents to snap the receipt.

Best Accounting Software for Small Businesses

QuickBooks Online’s detailed reporting and transaction tracking is ideal for growing businesses. Moreover, you can integrate QuickBooks with hundreds of third-party tools available in the app marketplace. There are also add-on Intuit services like QuickBooks Payroll or QuickBooks Time. Includes tools that help automate free cash flow valuation the reconciliation process; auto-categorizes transactions for you, but you can’t set up your own bank rules; no global search function. Many or all of the products featured here are from our partners who compensate us. This influences which products we write about and where and how the product appears on a page.

• Plus, you can calculate sales tax automatically, customize payment terms and enjoy access to easy-to-understand cash flow insights.
• Once you create an account, we’ll notify all new eligible businesses by email.
• There’s a fee involved with accepting online invoice payments, too.
• Your receipts will flow seamlessly into Wave’s accounting tools, and you can take care of them on the spot, so they never end up cluttering a wallet or adding to a growing to-do list.
• You’ll be able to download the Wave mobile app directly from your email or you can learn more within your Wave account.

Not only do they save you time and physical space, but they also provide easy organization and accessibility of your documents. If you’re a startup, micro-business or sole proprietor who doesn’t want to invest in accounting software but needs to keep track of your finances, Wave Accounting is a great option. As long as you’re content with basic features and don’t see yourself expanding in the foreseeable future, you’ll find this completely free, easy-to-use software particularly appealing. Since you don’t have to pay anything to get started, it’s certainly worth trying out. With Wave, you’ll be able to send unlimited, customized invoices to your customers, manage an unlimited number of expenses and track unlimited receipts through its receipt scanning and capture feature.

Is a receipt scanner app worth getting?

Accept payments through credit cards and bank payments to get paid even faster, for a low, pay-per-use fee. Add credit cards and bank payments to get paid even faster, for a low, pay-per-use fee. The app also features optical character recognition (OCR) technology that converts printed text into searchable data. Alternatively, users can email receipts to a designated Shoeboxed address or use a Gmail plugin to import digital receipts to the app automatically. Shoeboxed provides a convenient way for businesses to track and organize their receipts in one place. Our ratings consider factors such as transparent pricing, key features, unique features and inclusions, ease of use compatibility with third-party integrations, access to customer support and ratings.

Wave Accounting

I considered simply editing the invoice to add an item with a negative amount to cover the refund but opted to use the Bad Debt procedure, which I have used previously for unpaid invoices. Add the refund reason in the notes for your reference and save the transaction. Please explain steps, how should I properly cancel an invoice and register a refund. I would like to cancel an invoice and create a refund, but not sure how to do that. Before you commit to accounting software, it’s in your best interest to shop around and compare all your options.

Download the Wave app

Wave allows you to search transactions, design accounting reports and reconcile data across other Wave products. Plus, you can calculate sales tax automatically, customize payment terms and enjoy access to easy-to-understand cash flow insights. It also features a well-laid-out, clutter-free dashboard with individual tabs for sales, purchases, accounting, banking, payroll and reports. Your customers can pay the invoices you send them instantly by credit card, secure bank payment (ACH/EFT), or Apple Pay. And by enabling Wave’s payments feature, you can accept credit cards and bank payments for as little as 1%2 per transaction and get paid out in as fast as 1-2 business days1. It’s hard to beat free accounting software, especially if you’re running a small business on a budget.

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.

If you’re on-the-go, you can also send invoices from your phone or other mobile device using the Wave app. All your invoicing and payment information automatically syncs with the free Wave Accounting software included with your account. Although accounting and invoicing are separated into two different product sections on the Wave website (shown similarly below), they don’t require separate accounts.