Invoicing Wave

[Maggie Szydlowski]

Getpaid on time and stop chasing clients. With Wave's Pro Plan, you can set up recurring invoices and automatic credit card payments for your repeat customers. Switch between automatic and manual billing whenever you want.

Know when an invoice is viewed, becomes due, or gets paid, so you can take the right actions to manage your cash flow. Set up invoice reminders to automatically email your customers when payment is due.

Get paid in as fast as 1-2 business days1, enhance your brand, and look more professional when you enable payments. Customers can click a Pay Now button on invoices and pay instantly by credit card, secure bank payment (ACH/EFT), or Apple Pay. You can accept credit cards and bank payments for as little as 1%2 per transaction.

I look at the dashboard and know how many invoices are on the way, when they should be paid, and the average time it takes someone to pay. It keeps me on track and takes a lot out of my hands.

Completely. Our servers are protected physically and electronically. Any connections between you, your bank accounts, and Wave are protected by 256-bit SSL encryption. Wave is a PCI-DSS Level 1 Service Provider.

We sure do! With a Wave Pro subscription, you'll have recurring billing and other automation features. Schedule everything, from invoice creation and invoice sending, to payment collection and overdue payment reminders.

A common issue when invoicing in Microsoft Word, Excel, or other DIY solutions is making calculation errors. Wave's invoicing software for small businesses removes the worry of making these errors because calculations are done for you, including the taxes.

On the other hand, paper-based invoicing is a manual process requiring extra time for things like invoice tracking and following up on overdue invoices, which can keep you away from the best parts of running your small business.

Manually creating invoices in Microsoft Word or Excel can be time-consuming and difficult to manage. Digital invoicing empowers your small business by automating invoice processing and saving time by tracking key invoice data like upcoming and outstanding invoices. You can also manage late payments more efficiently through e-invoicing by setting up payment reminders to send to your customers before an invoice due date.

Absolutely! Whether you're a freelance writer, a freelance editor, a freelance front-end developer, or even a freelance balloon maker (no articles on that yet, sorry), you can use invoicing software to send professional looking invoices to your clients and get paid faster.

The rate that you charge for your freelancing services can vary, so it's important to get a grasp of market trends before sending your clients an invoice or quoting a price. Freelance rates can differ depending on experience level and industry. For example, the rate a freelance web developer charges may be different than that of a freelance graphic designer, because each freelancer specializes in a different area.

On 17 November 2023, the Saudi Arabia Zakat, Tax and Customs Authority (ZATCA) announced on its website that taxpayers resident in Saudi Arabia, with a taxable turnover exceeding 30m Saudi Riyal (SAR30m) during calendar year 2021 or 2022, will fall within the ninth wave of Phase 2 e-invoicing integration and should comply with the Phase 2 requirements. The ZATCA will notify the impacted taxpayers in preparation for linking and integrating their electronic invoicing systems with the ZATCA's e-invoicing platform (Fatoora).

Based on the latest announcements, the ZATCA will begin notifying taxpayers who fall within the ninth wave of Phase 2 e-invoicing integration, to go live within the period between 1 June 2024 and 30 September 2024, inclusive of both dates.

Resident businesses should comply with the obligations of Phase 2 e-invoicing integration based on the ZATCA notification and undertake the relevant steps in making the required changes in their information technology systems. Taxpayers should comply with the Phase 2 requirements in line with the e-invoicing regulation to preclude possible penalties.

Taxpayers who do not fall within the first eight waves of Phase 2 e-invoicing integration should monitor future announcements from the ZATCA on the integration timeline period applicable to them in subsequent waves.

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This material has been prepared for general informational purposes only and is not intended to be relied upon as accounting, tax, or other professional advice. Please refer to your advisors for specific advice.

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Hey there! If you run a business in Saudi Arabia, there's something important you need to know about. Starting on February 1, 2024, there's a big change coming in how you do your invoicing. It's called the ZATCA E-Invoicing Phase 2, Integration Wave 7, and it's pretty important.

What's Happening? So, the government in Saudi Arabia is updating how businesses do their invoicing. They're moving to a system where all invoices are electronic. This is part of their plan to make things more modern and efficient.

What Do You Need to Do? It's all about making sure your invoicing system is up to the government's standards. You'll need to use special formats for your invoices and have the right technology to handle everything electronically.

Why Is This Important? Using e-invoices is going to make things faster and more straightforward. It's also a way to make sure everyone is paying the right amount of taxes. Plus, if you don't switch to this new system, there could be fines or other problems.

How Can You Get Ready? The period from February 1 to May 31, 2024, is your chance to get everything set up. You might need to change some of your systems or get some new software. It's a good idea to talk to an expert if you're not sure what to do.

Remember, this change is a big deal for businesses in Saudi Arabia. It's not just about following rules; it's a chance to make your business run better. So, mark your calendar and start getting ready for ZATCA E-Invoicing Phase 2, Integration Wave 7!

On 18 August 2023, the Zakat, Tax and Customs Authority (ZATCA) announced the criteria for the Electronic invoicing (E-invoicing) Integration phase Wave 8 participants. As per the announcement, VAT-registered taxpayers that have an annual taxable revenue (taxable supplies) exceeding SAR 40 Million during the calendar year 2021 or 2022 are required to integrate their E-invoicing solutions with the FATOORA platform starting from 1 March 2024.

Taxpayers are recommended to assess their revenues for calendar years 2021 and 2022 to ensure readiness for the integration phase of E-invoicing and to implement the required changes. The integration phase entails a comprehensive review of ERP systems to ensure smooth integration with the ZATCA system.

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Wave is a free invoicing software that helps small businesses keep track of their bookkeeping needs from one location. It is a user-friendly, intuitive platform even for those with no prior accounting experience. As a free service, it is a good option for freelancers, entrepreneurs and small business owners who would like to keep their overhead low.

The cloud-based software helps business owners streamline their bookkeeping process by managing invoicing, taxes and payment processing with features such as invoice templates, billing, payment tracking, payroll management, finance management, credit card processing and receipt scanning. While its limitations do not make it an ideal solution for every business, Wave is a particularly appealing option for freelancers who are just starting out.

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