Unless you’re willing to pay a lot of money for an accountant to do all your bookkeeping, you will need some form of accounting software. And let’s face it you can only get so far with excel.
There are many paid cloud accounting solutions out there but most of them are not free. That’s where Wave Accounting comes in. It’s completely free and has been operational as software for a number of years which means it’s stable and been improved considerably from it’s early days. You can handle all your major accounting needs like creating invoices, general ledger accounts, and tools like connecting to your bank account making bank reconciliation simple.
We would recommend this web app for you if you’re running a small business as it provides you with all you need and it’s simple to use but most importantly is free to use.
The only thing it might be lacking is a few reporting features, but hopefully we’ll see some improvements in the near future.