Small business owners need a seamless financial management system that combines banking, invoicing, and bookkeeping. Wave and Relay are two powerful tools that, when used together, provide an efficient and automated financial workflow. Wave serves as a robust invoicing, payments, and accounting solution, while Relay simplifies business banking with no fees and intuitive cash flow management.

What is Wave Apps?

Wave is an all-in-one free financial management software designed for small businesses. It helps business owners get paid faster, manage expenses, and track cash flow effortlessly. Check out these Key features that Wave App includes:

• Business Invoicing Platform Options

• Create and send professional invoices easily.

• Automate reminders to reduce unpaid invoices.

• Track payments and invoice statuses in real-time.

• Payments

• Accept payments via credit card, bank transfer (ACH), and Apple Pay.

• Secure, one-click payments for customers.

• Faster access to funds with built-in payment processing.

• Accounting

• Automatically track income and expenses.

• Monitor cash flow and generate financial reports.

• Eliminate manual bookkeeping with automated data syncing.

• Payroll

• Pay employees and contractors with ease.

• Automatically calculate payroll taxes and file them.

• Simplified payroll process designed for small business owners.

• Advisors

• Get expert support from Wave’s bookkeeping and accounting professionals.

• Work with experts for 1-on-1 financial coaching.

Wave is a free-to-use platform, with optional paid features such as payroll and online payment processing, making it an accessible solution for growing businesses.

What is Relay for Business Banking?

Relay is a business banking platform that provides a clearer, smarter way to manage business finances. It allows businesses to create multiple checking accounts, automate banking processes, and gain real-time insights into cash flow. Key features include:

• No account fees, overdraft fees, or minimum balances.

• Up to 20 individual checking accounts for better organization.

• 2 savings accounts earning up to 3.76% APY.

• Physical and virtual debit cards for team members.

• Business credit cards with 1.5% cash back.

• Payments via ACH transfer, wire, and check.

• Direct integrations with Wave, QuickBooks Online, and Xero.

• Receipt capture and storage for easy tracking.

Relay’s banking system is designed for cash flow clarity, ensuring that small business owners always know where their money is going.

How Wave and Relay Work Together

Using Wave and Relay together creates an end-to-end financial management system, helping small businesses operate efficiently while reducing administrative burdens. Here’s how they integrate:

1. Seamless Bank Feeds for Automatic Bookkeeping

By linking Relay to Wave, all business transactions are automatically imported into Wave’s accounting system. This eliminates manual entry and ensures accurate record-keeping.

2. Organized Expense Management

Relay allows businesses to open multiple checking accounts to allocate funds for different purposes, such as payroll, taxes, and marketing. These transactions sync with Wave, making expense tracking and reconciliation effortless.

3. Faster and More Reliable Payments

Wave enables small businesses to invoice clients and accept payments via credit card, bank transfer, or Apple Pay. These funds can be deposited directly into Relay accounts, ensuring cash flow remains streamlined and predictable.

4. Efficient Bill Payments and Reconciliation

Relay’s automated bill payments allow businesses to schedule and approve vendor payments. These payments are logged in Wave, keeping books accurate without additional effort.

5. Real-Time Cash Flow Insights

With Relay's real-time banking dashboards and Wave's financial reporting, business owners get a complete picture of their finances. From income tracking to budgeting, they can make better financial decisions without guesswork.

Benefits of Using Wave and Relay Together

✅ Automated Financial Management

No more manual tracking—transactions, expenses, and payments are automatically recorded.

✅ Improved Cash Flow Visibility

Relay’s banking tools and Wave’s accounting reports give a clear snapshot of financial health at all times.

✅ Faster Payments & Easy Banking

Wave’s invoicing and payments allow businesses to receive money faster, while Relay makes sure funds are organized and accessible.

✅ No Hidden Fees & Cost-Effective

Wave’s core accounting and invoicing tools are free, and Relay offers fee-free banking, making this an affordable solution for small businesses.

✅ Scalability for Business Growth

Both platforms grow with your business, offering scalable banking and bookkeeping solutions without additional complexity.

For small businesses looking for a powerful and affordable way to manage finances, integrating Wave and Relay is the ideal solution. Wave’s invoicing, payments, and accounting features handle the bookkeeping, while Relay’s business banking tools ensure that funds are managed efficiently. Together, they provide a seamless financial system that helps businesses save time, stay organized, and optimize cash flow.

If you want to simplify your business finances and focus more on growth, start using Wave and Relay today!