Wave Accounting is coming to the end in Australia. Need a an alternative accounting system?

I was so devastated when Wave Accounting started to pull out of the Australian market. It was such a handy tool for freelances and sole traders as it provided simple accounting solutions for FREE!!!

You heard right! Wave Accounting was a FREE accounting software that could rival Xero and Myob for small business. It didn't have payroll but you could send invoices, link a bank feed and balance your books for FREE.

I was almost going to give in and head over to good old MYOB as I have used it many times before in business, but it just has too many things that I do not really need at my stage and level of business. Also, I use Citibank for my business account and MYOB does not have Citibank as part of their bank feed, so it was a big NO for MYOB.

So what is the next best thing? Rounded or www.rounded.com.au

Rounded provides simple accounting solutions for freelancers and the self-employed.

Benefits of Rounded

  • Connects to most Australian Banks - including Citibank (which MYOB could not)

  • Simple to use

  • You are able to send invoices and accept payments online through Stripe & Paypal

  • Easily save your receipts and expenses through the mobile app

  • It is the cheapest alternative to Xero & MYOB - starting at around $19 per month for a yearly subscription

  • Easily calculate your Profit and Loss

  • Handy time tracker tool to keep time of the cost of your projects

  • Client management

  • Has a BAS function too, if you need to collect GST

Overall, although I loved Wave Accounting, I find Rounded even simpler to use. You can tell it has been made for Australian small businesses. Go and have a look today, and support another local Melbourne Business - www.rounded.com.au

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