As with other accounting software, ancillary services such as credit card processing and payroll cost extra if you add them. In the past, you had to pay extra to receive prioritized customer service, but that program has been eliminated, and Wave now provides all customer service through email for free. Specifically, it’s a good fit for the self-employed – solopreneurs, freelancers and consultants – and very small businesses (10 or fewer employees) that have limited or no inventory. It includes a good mix of features and is well suited for service-based businesses that are just starting out or plan to remain small. Yes, Wave Financial accounting software really is free. We also looked for a solution that gives users the option to accept invoice payments online, even though we recognized that there would be a cost for this last feature.Īfter much research and analysis of accounting software, we recommend Wave Financial as the best free accounting software for small businesses in 2021. We wanted it to be a web-based solution that has timesaving features like automatic bank feeds, recurring invoicing, and a mobile app that busy small business owners can use to accomplish accounting tasks on the go. In our search for the best free small business accounting software, we looked for an easy-to-use application that has a solid suite of features, provides quality customer support and, of course, is free to use, with no mandatory costs for the user.
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