Initially this post was intended to include apps for small businesses in general. However, as we are continuously asked for app recommendations, we decided to split this up into a series of blog posts with the goal of helping you focus on what you need the most. We intend to continue update these, as we find more fantastic apps for your small business.
While searching for the perfect application to track client’s invoices and payments; and keep our business’ accounting organized; we narrowed it down to our two favorite options.
In order for you to better navigate through this post, we have created a key for clear understanding of where we stand with these.
👍🏼 = currently using and loving it. | ✅ = tried it but not currently using. | 📌 = interested in trying out.
Accounting Apps That Will Rock Your Small Business
By the end of 2016, we decided that our small business we needed a more robust application to manage or invoices and accounting. Somehow, we got our hands on Wave. Their “get paid faster” phrase kept sticking around and we could not help but give it a try and we have recommended Wave to plenty of business owners ever since. Initially what drove us to Wave was the amount of accounting options it provided; such a complete tool. From customizing templates, to creating vendors, items, estimates and invoices. In addition, it even has complete reporting tab with everything from balance sheets to tax reports, P&L, aging reports, income statements and more. After creating invoices you have the option to schedule payment reminders for clients to be automatically sent out after a certain time period has elapsed.
Wave also has a very complete initial dashboard in which at a glance you are able to see: overdue payments, send reminders, income reports and quick links. Additionally, this app allows for expense tracking and you can also take advantage of this using the Wave Receipts mobile app. Oh, did we mention that all of this is cloud-based and free? There’s never anything to update or install. Seriously, if you are going to only use one of these apps we’re recommending, it’s gotta be Wave.
Visit the Wave website | Cost: Free
Image from: WaveApps.com
As many business owners at the beginning, we started our invoicing with Excel, then moved up to Paypal. After a while, we realized that we needed a system in place, no questions asked. One day we heard about Pancake. The name alone intrigued us, so we immediately went on and researched it. Pancake seemed to have exactly what we wanted, an easy way to send estimates and invoices and keep track of them. Yes! An accounting app to track our business’ income? Downfall? Once you purchase the application, you’ll need your web developer to install it and configure it on your server. One thing we absolutely loved about this app when we used it was the ability to attach a file to an invoice and have it deliver automatically to the client as soon as the payment was received.
Other features include: client area, online invoicing, project management, proposals, time tracking and more.
If you’d like to try it out, you can visit their demo page, login with their provided credentials and take a quick tour.
Visit the Pancake App website | Cost: $149
We’d love to hear about your favorites.
Do you use any of these accounting apps? Which ones do you love and/or hate? Any new ones to recommend? Leave them on the comments section below.