I use Wave as my accounting/bookkeeping program. As a nonprofit, I was excited to learn that Wave can be used for free for basic accounting. Its interface is easy to understand from an actual accounting perspective. As someone with a background in accounting, I don't have to guess what the program is doing when I input information. I can create transactions and journal entries where I control which codes are used. We operate on a cash basis, so I can use their transactions register and journal entry register to input 90% of what I need to record from my checking accounts. I also wasn't sure how it would handle year-end, but it understands that after the end of my year to close the books and start a new P&L. Some people might not like the fact that you can still edit the prior year after the fact, but since I'm the accountant, I'm not concerned with that. I'd say it would be an 8 or 9 if they have some accounting background. It's exactly what I needed. Reseña recopilada por y alojada en G2.com.
Creating an invoice when you're not selling a product can be a bit confusing. I've had to create invoices for grants which I've had trouble coding to the right place. I usually end up having to make a journal entry correction. It's been a while since I've had to do it, but unless you create a new item for each grant, it automatically codes it to the same account used before and you don't realize it, but it doesn't show you that it's doing that until after you've completed the invoice and then I couldn't find a way to edit the coding after the fact. Reseña recopilada por y alojada en G2.com.
