Wave Accounting Tutorial for Small Business | FREE Accounting Software (Beginners Overview)

In this Wave accounting tutorial for beginners, I share how you can get up and running with Wave’s completely free financial and accounting software.

Wave is a popular FREE accounting and financial software for small businesses in Canada and the US.

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👉 Learn more about this 10-in-1 Google Sheets Bookkeeping Toolkit here ➜
👉 Discount code SHEETIFY30OFF for 30% off!

Wave accounting allows you to manage all your business’s financial and accounting activities from managing advanced invoicing, recurring invoicing, bills, online payments, payroll, transactions and more.

► We also have a complete beginner guide over on our website:

► Get started with Wave Accounting for free here:

► Interested in comparing with the Xero accounting software? Check out our Xero tutorial for beginners here:

► Today we cover the following chapters in this wave accounting tutorial:

0:00 Intro
01:13 Getting started
03:12 Wave dashboard
06:04 Estimates (quotes)
06:23 Customer invoices
07:22 Recurring invoices
08:05 Checkouts (website payments)
08:23 Payments
08:50 Customer statements
09:03 Customers
09:16 Products & Services (sales)
10:07 Bills
10:25 Vendors
10:44 Products & Services (purchases)
11:22 Transactions
11:51 Reconciliation
12:21 Chart of accounts
12:34 Hire a bookkeeper
12:55 Connected accounts
13:42 Run payroll
14:03 Reports
14:14 Tax filing
15:02 Outro

► Are you interested in joining our small business community?

Let me know if you found this Wave tutorial helpful. Also, if you require any help or support, make sure to get in touch with us today.

Thanks for watching and enjoy!

#waveaccounting #accountingsoftware

[FirstImpressionMarketing-ccbu]

This was super helpful! Thank you for the quick tutorial! (:

[ipsolateral]

Great job. Thanks for valuable information!!!

[rmuscat]

Wowwww! Thank you so much. This app is a dream come true. Thanks for helping me get it going so fast!! ♥️♥️💋

[NinaRossBusiness]

Thank you for the video.... clear and informative.

[markkeith]

Love the informative content mate, don't regret subscribing.

[jamesmellosiii]

Can you please do a video for wave accounting for individual users who just simply want a place to easily keep their accounting records in order to pace them along to their bookkeeper?

[AdrianRConant]

Hi, thanks for the video! Just one question: Can you set rules to categorize automatically income/expenses transactions?

[Ronin]

Hey thx for the information. Do you know how I can connect to Wave to Loyverse POS? That would be a great for me and saving tons of time.

[thogmey]

Nice guys and good explanation. Thank you

[cszfhhp]

Thanks!How to record transfers from a personal account to a business account.

[michaelthomas]

Hey Stewart thanks for this video. Very thing I need for my small business. I'll let you know how it goes in a month or two.

[katherineaikenhead]

Love the video! How do you categorize federal tax due and the payment

[mariabenjumea]

Hi guys, thank you so much for this video, a question, if I do not deal with customers at all ( a third party does it for me), who do I use as my customers? I get paid monthly by my third party company. Thank you for any help.

[PedroCruz-tguq]

What about payments if credit card transaction have a fraud detection or protection
verification of transaction

[chanex]

If a LLC, taxes as S-corp can Wave slow you to pay yourself from business account into personal checking? I believe so, but making sure this isn't accounting solely. TIA

[edwardkomito]

Hi Stewart. Let's say you want to enter individual transactions from a credit card statement into the ledger. Further assume there are multiple transactions from the same company. I don't want to set up a recurring invoice since these are individual transactions. Any invoice would be paid to the credit card issuer, but I want to keep close track of different categories of expenses within the credit card statement. Is there a way to create a recurring vendor w/o creating a recurring invoice? Also, are you aware of any way to export or upload the ledger to either another software program or to your own accountant? Thanks.

[JackJakich]

Amazing ! But im grocery distributor, i have +1000 product on excel sheet ! No way to add them as copy ?

[rtueqew]

Thank you for the great video. At year end, how to transfer profit to owner's equity or retained earning to close out the year?

[escamilla]

Can you do a tutorial on how you would setup Wave for the Profit First method?

[fanmrfoxx]

Great Video In Customer Center is there a way to add a CC email? or only a comma with second email to have 2 recipients? I have 1 client that wants invoices sent to 2 people. I would prefer this be automatic and would like to suggest to the software engineering team to set up another box for CC email. Perhaps a bcc email also. This is a feature on QB desktop but not the online version. I want to be done with QB! way too expensive for my small business with no employees.