Users of the Wave accounting software will be excited to learn that the company has come out with new features for 2011, including, most notably, integration with invoice software FreshBooks.
This FreshBooks integration, currently in beta, allows users to add billing, invoicing and time tracking tools to the formidable features already in place with Wave. Wave can automatically import new invoices and updates from FreshBooks every night, and, as demonstrated in this video, set-up is a breeze.
As well, Wave now allows users to split expenses to give more detailed information on bills. Wave added this feature for a number of situations, including:
- You pay for a number of items on one bill, but want to categorize them separately in Wave.
- You pay for business and personal items on the same bill, and want to categorize each in its proper place.
- A client pays multiple invoices with one check, and you want to account for these separately.
Finally, Wave now has the capabilities to reverse engineer taxes out of transactions and invoices. Canadian users will be happy to hear that Wave supports both HST and various provincial GST calculations, so you can use this feature no matter what province you are doing business in.
For more info on Wave, click here.