Managing Our Financials Successfully with Wave Accounting

The books! Everyone knows “the key to running a successful business is to manage your expenses”. Otherwise, you can lose money without even knowing it, even if your business is “makes money”. It’s tough when you start out with no budget. It’s true you have to spend money to manage and make your money, but this is not always the case.

When I was approached by Panthong to partner with him and help him run Triple M Designz Productions, I was a little reluctant to take on the responsibility of handling all the financials. It wasn’t because I couldn’t. The question for me was “which accounting software are we going to use?” This was the first question that came to mind because I knew “the key to running a successful business is to manage your expenses”. I have a lot of experience with different types of accounting software from complex ERP’s to simple QuickBooks, but they all cost money. Remember, my starting budget = $0.00. I knew that I DID NOT want to keep our financial on a spreadsheet, even though I’m pretty proficient in Excel. Yes, it can be done and a lot of small businesses do it, but it’s not efficient. Why reinvent the wheel, right?

Eventually, I found Wave Accounting, it’s FREE and the user interface is so simple and very intuitive. For all the accounting pros and amateurs alike, it has your accounting basics: income, expenses, income statements, balances sheets, customized invoices, journal entries, etc. You can also link your personal accounting and manage it at the same time (although, I don’t recommend it, nor does your accountant). If you get stuck or have any questions, their tech support answers right away and you can usually find answers to your questions on forums and blogs. We’ve been using Wave Accounting from the beginning and it has worked great for us. We’ve recommended it to some of our peers and they have also been very happy with the program. Since it’s free, I wanted to share with everyone. Give it a try. If you need accounting software to run you business finances, I highly recommend it. It’s free.

To sign up for Wave Accounting for free visit https://app.waveaccounting.com/en/accounts/register/

Fellow entrepreneurs and small business owners, share with us your experience with Wave Accounting or tell us what you’ve been using.

Advertisements

Posted on October 2, 2012, in Random and tagged , , , , , , , . Bookmark the permalink. 4 Comments.

  1. Hi Canhdy,
    Thanks so much for recommending Wave, it’s great that it’s making it easier for you to organize the finances at Triple M Designz!
    -Sara, your Wave Community Manager

  2. As a client of TripleMDesignz, I was very impressed with the invoice! Very clean, modern and easy to navigate. Thank you, TMD & Wave.

  1. Pingback: Managing Our Financials Successfully with Wave Accounting « triple … « Tips On Accounting

Leave a Comment

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Recollections of Play

Gaming, music, life, and more

Interestingly Normal

Normal is Interesting and Interesting is Normal

Outlander Online

Your #1 Source For All Things Outlander

The Bella Travelista

Sharing with you my fab and convenient travel escapades.

Jordan and Eddie (The Movie Guys)

Australia based film fans - Like Margaret and David, only so much younger

A Writer's Path

Sharing writing tips, information, and advice.

A.D. Martin

writing - novels - film - television - video games - other stuff

I Cook AND Code

Experience life with food AND code.

Counter Attack Games!

Home of CA! Radio and the Comic Casuals Podcasts

Home Controls

Smart Home Automation News

Love of Idaho

Home of Adventure

The Nerd Nebula

The Nucleus of the Universe for all Nerd Hacks!

Geek Force Network

It's all geek to me!

ALL THE BEST MOVIES

STREAM IT FOR FREE!!!

Cool San Diego Sights!

Colorful photos of San Diego places and events.

%d bloggers like this: