Taxis and Uber drivers need to track all the transactions made throughout their job and also maintain proper records. That’s why we created this accounting software specifically for taxi drivers and Uber drivers. This app can help you manage your revenue generated from each ride properly.
Taxi and Uber drivers need to track all the transactions made throughout their job and also maintain proper records. Our accounting software can help them do so. The app can also be used for scheduling, on-time tracking and mileage calculation for your car.
iCabbi Business Solution
Handling business accounts and expenses for a taxi business can be quite challenging. It tends to require a lot of admin – from managing who can and can’t use the account to monthly invoicing. Wouldn’t it be great if all these tasks and hard labor got taken off your hands.
And likewise wouldn’t your business clients like more control and visibility over their account so they can envisage trips usage and trends and add in their own controls? Note that these and many more are what the new iCabbi Business Solution offer.
Wave Accounting
- Powerful accounting software that’s completely free
- Handy receipt scanning mobile app
- US/Canada focus limits UK functionality
- Cloud-based – works on web browser, mobile, and tablet
What is Wave Accounting?
Founded in 2010 in Toronto, Canada, Wave Accounting is powerful, free, cloud-based accounting software that has a great UI and a slick marine design scheme. It makes its money by selling payroll and payments services (alongside display ads), which means its free accounting software is pretty much unlimited in terms of account size etc. All this means Wave Accounting is beloved by US startups, but its US/Canada focus means it’s not an ideal fit for UK small businesses – and some may find it a non-starter for this reason.
What can Wave Accounting do?
Wave Accounting’s great range of features includes:
- Tools to create and send professional invoices, even on the go
- Unlimited income and expense tracking
- Receipt scanning via an iPhone/Android mobile app
- Create and export a range of accounting reports
- Multi-currency support with automatic exchange rate calculations
- Integration with Shopify
- Connections to PayPal, Shoeboxed, and Etsy
- A smart dashboard that organises income, expenses, payments, and invoices
- As well as receipt scanning and invoice creation, the mobile app allows you to easily keep track of your accounts on the move
Why is Wave Accounting free?
As mentioned above, Wave Accounting makes its money by displaying ads, and most importantly, by selling payments and payroll services. These services are targeted at US/Canadian customers, with the payroll service being exclusive to those customers. This focus means that, for UK small businesses, Wave Accounting has some significant deficiencies.
Most notably, Wave Accounting does not support the new Making Tax Digital (MTD) protocol for VAT, and so it will be of only limited use to businesses that need to register for VAT and file VAT tax returns digitally. Unlike some of the other providers discussed here, it also does not support the automatic importation of bank transactions via open banking, making keeping track of your financial activity a more time consuming process.
What support does Wave Accounting offer?
Wave offers expert help via its community forum, and you can also ask for technical support via a help function built into the platform. There is no phone support available, however.
Wave Accounting Verdict
Wave Accounting boasts a great range of features, has a stylish look, and there are virtually no usage limits. However, the US/Canadian focus means it won’t suit the needs of all UK small businesses.
GnuCash
- Open-source desktop accounting software
- Completely free
- Basic features
- Desktop – works on Windows, Mac, and Linux PCs
What is GnuCash?
GnuCash began life in 2001, and is a desktop open-source accounting software. If you’re confused by any of that; desktop means you need to actually download and install it, while open-source means that anyone can download and edit the actual code that makes up the program, in order to add extra functionality and fix errors.
This means it’s completely free forever, but it won’t win any awards for its UI, and it’s not particularly tailored to the needs of small businesses (there’s no open banking integration or mobile app, for example). There’s also a bit of a learning curve, and doing your accounts is a more manual and fiddly process than with some of the other software discussed in this piece.
What can GnuCash do?
GnuCash offers a basic range of accounting features. This includes:
- A checkbook-style interface that allows you to record transactions via double entry accounting
- Support for recurring transactions
- Generated reports that show balance sheets, profit and loss etc.
- Customer and vendor tracking tools
- Multiple currency support
- Compatible with QIF files used by some other accounting software
Why is GnuCash free?
Essentially, GnuCash is made on an entirely voluntary basis, so no one who makes it gets paid at all. The product is then provided free of charge to anyone who wants to use it, and keeps being updated by a dedicated army of volunteer developers. In other words, GnuCash is free because it’s not trying to make money at all – it just wants to help people who can’t afford professional accounting software. If you want to help them out, then you can donate via the GnuCash website, or even volunteer to test new updates.
What support does GnuCash offer?
GnuCash supports its users through its forums (called Mailing Lists), and an extensive manual and FAQ. There’s also a part of the GnuCash wiki called Using GnuCash, which gives solutions to common issues encountered by real-world GnuCash users. This probably goes without saying, but there’s no phone or email support for GnuCash.
GnuCash Verdict
Comparing GnuCash to some of the other providers on this list feels like weighing up the relative benefits of apples and oranges. They have different objectives, business models, and hugely different functionality. However, if you don’t mind the dated visuals and sometimes fiddly interface, then GnuCash is a great option for no-frills accounting software. It’s also not reliant on an internet connection, so ideal if you often work in remote areas with patchy internet coverage.
Wave
Wave has over two million users, making it a popular free service among sole traders, freelancers and small firms. It promises unlimited accounting, invoicing and receipt tracking services, meaning you can use as much as you want for as long as you want. It’s also known for having a beautiful, easy to use interface.
However, payroll isn’t included in the free service, which is predominantly targeted at US customers. There’s also a pay-per-use policy for online payments, where you’ll pay per transaction. For this reason, it’s often not recommended for businesses with high sales volumes, and is often considered too basic for medium-size businesses.