Last Month, H&R Block, Inc an American tax preparation company has announced that they have entered into a definitive agreement to acquire Wave Financial, Inc. a rapidly-growing financial solution platform ideal for small entrepreneurs, freelancers, and small businesses.
According to Jeff Jones, president, and CEO of H&R Block “This acquisition strengthens our growth trajectory and expands our reach within the large and growing small business market. Wave is a strong strategic fit and I am extremely excited to welcome such an innovative company with great products and an outstanding team to H&R Block”
Wave has announced as of 30th November 2020 that new Wave account sign-ups will be limited to US and Canadian business only.
The firm has already closed their email support for all users outside the US and Canada region from 30th November 2020.
Also, Wave payments users which are located outside the US and Canada will no longer be able to send Stripe payment-enabled invoices from 30 June 2021.
So, If you are a WAVE customer outside the US and Canada, what you can do now?
Changes like this can be challenging because these decisions not only impact the organizations but most importantly they can impact their users. So to have a streamlined functioning for your business, you have to identify another accounting software that is a good fit for your business, and then you can easily shift from Wave to FreshBooks.
FreshBooks is a web-based (SaaS) accounting software that is easily accessible through desktop and mobile devices. It is the most popular software among small businesses and Freelancers.
To understand more about FreshBooks let’s take a look at a few of the features provided by FreshBooks.
One of the great features provided by FreshBooks is it is easy invoicing. It allows the users to create recurring invoices, send invoices via mail, accept online payments, and also customize invoice layouts. In addition to this, it also allows the users to keep track of when the customer has viewed the invoices and track payments and invoices. You can contact a conversion partner like MMC Convert, which will help you in migrating you’re historical accounting data from Wave to FreshBooks.
- Time Tracking
FreshBooks has dynamic time-tracking features that can allow employees and employers to manage and track every minute and payment by project.
- User-friendly interface
FreshBooks provides a user-friendly interface for there users. There are more than 5 million happy users who are satisfied with the FreshBooks interface.
- App Integration
The software offers a number of app integrations like Squarespace, Dropbox, HubSpot, and Google Workspace (formally known as G-Suite) which makes it easier for accounting and payroll tasks done in one place.
- Checkout Link
Users can now use the checkout links in order to receive payments faster. Using this feature user and their clients can avoid the friction of chasing the invoices.
How can you migrate your data from Wave to FreshBooks:
It is empirical that when you move your data from Wave to FreshBooks, you want to have the historical data migration. Migration is a tedious, time-consuming process that requires attention to the fine details of accounted data. This is where MMC Convert can help you, we offer a seamless migration from Wave to Freshbooks just in 48-72 hours, all you have to do is reach out to FreshBooks and register the interest. We try to provide you a mirror image of the data from Wave, along with the accuracy.
What we will migrate from Wave to FreshBooks?
To make your conversion perfect, we will be migrating:
- Chart of Accounts
- Customer Details
- Supplier Details (Only Name of Supplier)
- Opening Account Balances
- Aged Receivables
- Aged Payables
- Bank Transactions
- Credit Card and PayPal Accounts
- All Sales Invoices and Credit Notes
- All Purchase Bills and Credit Notes
- All Manual Journals
- Repeating Invoices