A closer look at Wave invoice for Canadian businesses

As a Canadian business, managing your finances and invoicing can be a daunting task. From keeping track of expenses to ensuring timely payments from clients, it can take up a lot of time and effort. This is where Wave Invoice comes in as an efficient and user-friendly invoicing tool for businesses.

In this article, we will explore Wave Invoice and how it can benefit Canadian businesses. Additionally, we will also introduce you to Wise – a financial technology company that offers international money transfer services at lower fees than banks.

Key features of the invoicing feature with Wave

Before we get into the features, it's important to note that Wave has two different plan options: Wave Starter and Wave Pro. The starter plan suits small businesses with basic invoicing needs, while the pro plan offers more advanced features for growing businesses.

Now let's take a look at some key features of the invoicing tool offered by Wave:

💸 Easy Invoicing: With Wave invoice, creating professional-looking invoices is a breeze. You can customize your invoices with your branding and choose from different templates to suit your business needs.

💳 Recurring Billing: If your business offers subscription-based services, the recurring billing feature in Wave Pro can be a game-changer. You can set up automatic credit card payments and recurring invoices for your clients and save time on manual invoicing every month.

💰 Accounting Services: Wave also offers accounting services that seamlessly integrate with the invoicing feature. This means you can easily keep track of your expenses, payments, and invoices all in one place.

🔍 Customer Information Services: Wave invoice lets you save customer information, making it easier to create recurring invoices and track payments from different clients. This feature especially benefits businesses with regular customers.

🌐 Payment Tracking: With Wave Invoice, you can easily track the status of your invoices and see when clients have viewed or paid them. This helps you stay on top of your finances and follow up with clients if needed.

📱 Free App: Wave has a free mobile app for iOS and Android, making it easy to create and track invoices on the go.

🔝 Instant Notifications: Wave sends instant notifications to your email or phone when an invoice is paid and for other actions, saving you time and keeping you updated on your finances.

💻 Online Payments: Wave invoice allows you to accept online payments from clients, making it more convenient for them and increasing your chances of getting paid on time.

Costs of using Wave for invoicing And payments

Let us take a look at the essential costs for using Wave starter and Wave Pro²

Enjoy free and automatic invoicing with the Wise Business account

Wave's fees may seem insignificant, but they can quickly add up over time. This is where Wise Business comes in . It offers businesses a smarter way to manage their finances with no hidden fees and a transparent fee structure.

With Wave Invoice, you can easily create and send professional-looking invoices to your clients. However, with Wise Business, this process becomes even more effortless. You can connect your Wave account to your Wise Business account for automatic invoicing – saving you time and effort.

Moreover, unlike Wave, Wise Business charges no fees for creating and sending invoices. This means you can save money on every invoice sent through your Wise account.

Wise Business also offers unlimited invoicing, meaning you can send as many invoices as you need. This is especially beneficial for businesses with a high volume of transactions or clients.

How to create invoices with your Wise Business account

Here are steps you can follow to create invoices with your Wise Business Account:

1. Login to your Wise Business account and select 'Payments' or 'Request'.
2. Select 'Invoices', and then 'Create an invoice'.
3. Add the currency, recipient and invoice details.
4. You can now review the draft PDF, share a link to the invoice or download and share it via email!

Don't have a Wise business account yet? Get yours in a few clicks!

Are there any fees or limits on receiving invoice payments with Wise?

There are no fees or limits associated with this tool, and you can use this for free with your Wise business account!

Managing finances for your business can become costly, especially when you handle international transactions. Wise Business solves this problem by offering international money transfers at the mid-market exchange rate – the real exchange rate that banks use when trading currencies among themselves.

Wise Business charges minimal transfer fees, making it a cost-effective solution for businesses looking to save on international transactions. Plus, with a one-time registration fee of only 42 CAD, you can gain access to account details in 19 different currencies including CAD, JPY, TRY, USD and RON among others.