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.
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
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
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