Wave vs QuickBooks Online: Which is best for you?

The free version is already very useful for businesses just starting out, or those that are still in the early growth phase, but they also have an affordable paid version that adds a suite of automations and expense / receipt management functions to further boost productivity.

To make matters worse, you cannot start a new payroll service until they release your business from their system — effectively locking you in. And don’t expect clean exports when you leave: the reports they generate are borderline useless and don’t export in a format that any normal payroll provider can easily work with.

Grants compliance was easier with granular expense tracking, board meeting financial reporting done automatically, and donor management with improved invoicing and receipt capabilities for program fees.

The financial reporting still allows to revert to legacy (classic) at this time, the new reporting and bank feed are hard to read, report formatting changed so it no longer works with existing templates.