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The latest Wave news, small business accounting tips, and more

System Update: May 17 Shoeboxed

With our recent string of product releases, including undo categorization and a better looking app, you might be wondering just what awesome new features we'd have for you next. Well, instead of keeping you waiting we thought we'd release our newest feature so you could see for yourselves! 

I'm very excited to let you know that Wave Accounting now integrates with Shoeboxed!

Shoeboxes you say?

No, not those pesky shoeboxes full of reciepts (though this tool will help with them). Shoeboxed is a great tool that allows you to either scan or take pictures of your receipts so that this information is captured online. If you do have a shoebox full of reciepts, this is a great way to get it organized, and get your information into Wave without manual entry. 

If you're already a Shoeboxed user, or just looking to eliminate all of your paper clutter, this integration could be just the thing you need! If you're ready to get started, be sure to check out our FAQ on how to integrate with Shoeboxed. And, as always our Customer Support Heroes are here to help!

Wave brings in $12 million in Series B funding

We're very proud of what we've accomplished at Wave since we launched at the end of 2010. We've had nearly a quarter of a million small businesses sign up, with tens of thousands of new businesses joining every month.

But our goals are even bigger than this. There are even more features in Wave Accounting and Wave Payroll that we plan on developing, as well as other complementary tools we intend to release.

To that end, I’m very excited to share with you today that Wave has raised $12 million in Series B funding, with The Social+Capital Partnership joining Charles River Ventures and OMERS Ventures as investors. 

From Social+Capital, Chamath Palihapitiya and Mamoon Hamid will bring their insights into all aspects of our organization, and will be a great complement to the strategic counsel we already enjoy from CRV's Devdutt Yellurkar and John Ruffolo at OMERS Ventures. Our team of investors and advisors is stacked, our vision is clear, and our plans for the future are awesome.

Hey good looking

If you've signed into Wave lately, you may have noticed an update or two in the application. Our charts are clearer, our images crisper, and some new colors have been added to make sure all the right things pop.

new SMB accounting

Vanity? Of course not! We've done it in the name of ease. Of simplicity. Of making life even easier for you, the small business owner. The way we see it, accounting shouldn't be scary, hard or ugly. 

Our charts are now larger and easier to read, we've drawn a bit more attention to information you'll need to know (like the invoices payable to you, and bills you owe), and made sure you'll see what you need to know, fast and up front. 

5 ways to start a business on passion

This post by guest blogger Evan Kosiner appears as part of our series Small Business 500

tips for small business

I’ve been an entrepreneur since I was 13. I've started some very successful new ventures, and I have absolutely no qualifications for everything I’ve done. So, I’m here to share with you the tips that have gotten me to where I am today so that you too can have the a career that you've designed, whether or not you have any of the traditional qualifications

1. Positioning.

GoCARDS, which is one of my companies, fills a niche that it is recession-proof. GoCARDS.ca is an online eco-friend printer, producing business cards, postcards and flyers. During a recession people lose their jobs, get new titles, or get laid off and decide to go into business for themselves. All three require new business cards.

Undo it!

We're all human. And sometimes, humans make mistakes.

So should you be held to those mistakes forever? We certainly don't think so.

That's why we made it our goal to make things easier when those mistakes do happen. Now, if you ever categorize something into the wrong income or expense account, there's no need to panic, curl up into a ball, or clean out the chocolate aisle at your local grocery store.

Instead, just select Undo Categorization