Gartner has recenty predicted that by 2020, a corporate “no-cloud” policy will be as rare as a “no-internet” policy is today. CIOs will increasingly leverage a multitude of cloud computing providers across the entire IT stack to enable a huge variety of use cases and meet the requirements of their business unit peers. Indeed, the tides are shifting toward a “cloud-first” or even “cloud-only” policy... 

Marc Wilczek

Free Cloud Service Accounting Software Giving Quickbooks A Run For Their Money

Free Cloud Service Accounting Software Giving Quickbooks A Run For Their Money

cloud accounting

Quickbooks has been the leader in business accounting software for quite some time. In the past few years, this business accounting authority has turned to cloud services to host their accounting program online, thus allowing users the ability to do their accounting anytime, from anywhere in the world. Though Quickbooks is one of the leaders, new business and personal accounting software companies are also offering their accounting through a cloud service, and some are even doing it for free.

Free Business Accounting through Cloud Services?

Like Quickbooks, most cloud service accounting software has some sort of monthly service fee that ranges from $30 to over $100 per month. However, there are now new age cloud service accounting companies who offer 100 percent free accounting programs. WaveAccounting.com, a new kid on the block for cloud service accounting programs, offers cloud computing services that are completely free for freelancers and small business owners who want a cloud service accounting program, but without the high costs.

On-Site Features through Cloud Services

Featured in “The New York Times,” PC Magazine and Profit, Wave Accounting offers a free cloud service accounting program that has the same features as the paid cloud computing accounting services. With Wave Accounting, users are given a user name, sign-in page and password. From there they log-in, link bank accounts and credit cards and update their spending and income instantly. Wave Accounting allows users to generate estimates, invoices and statements that can be personalized to the user’s needs for a professional company image.

What about Security?

Many worry that a free cloud service accounting program might lack in security and privacy, but Wave Accounting has already proven itself worthy when it comes to customer security. The site offers privacy and security features that include:

  • 256-bit SSL encryption
  • Secure storage 24/7/365 with added customer support and troubleshooting
  • Read-only capabilities
  • Certified third-party security measures
  • Backup procedures to automatically save each time users exit their site
  • Safe, secure collaboration

Wave Accounting prides itself on being more secure than accounting with an on-site computer. With their cloud service accounting, users no longer have to worry about computer crashes, virus attacks, power outages or even theft – everything is secure and stored through the cloud service.

Wave Accounting is not the first free cloud service accounting program and certainly will not be the last. With such cloud services gaining funding from the banks and lenders they link with, the possibilities for free cloud service accounting will be endless in the near future.

By KoriLynn Johnston


Korilyn has been covering and writing about technology over the past 10 years for a number of popular online trade publications.