What users are saying about

Accounting by Wave

<a href='https://www.trustradius.com/static/about-trustradius-scoring#question3' target='_blank' rel='nofollow'>Customer Verified: Read more.</a>
Top Rated
102 Ratings
This review does not include a rating.

Accounting by Wave

<a href='https://www.trustradius.com/static/about-trustradius-scoring#question3' target='_blank' rel='nofollow'>Customer Verified: Read more.</a>
Top Rated
102 Ratings
<a href='https://www.trustradius.com/static/about-trustradius-scoring' target='_blank' rel='nofollow'>trScore algorithm: Learn more.</a>
Score 9.1 out of 101
This review does not include a rating.

Add comparison

Likelihood to Recommend

Accounting by Wave

Wave is free to use, and they have some premium features you can pay for. For someone just starting out as a small business, freelancer or independent contractor, this is a Godsend. You can look professional, have something easy to manage, and yet also have excellent records come the end of the year. You won't spend a bunch of time having to learn the program, it's very intuitive and you get a host of great features that will make getting paid easy.
J.P. VanderLinden profile photo

Budget Maestro

No answers on this topic

Feature Rating Comparison

Payroll Management

Accounting by Wave
7.9
Budget Maestro
Pay calculation
Accounting by Wave
8.3
Budget Maestro
Benefit plan administration
Accounting by Wave
7.5
Budget Maestro
Direct deposit files
Accounting by Wave
8.0
Budget Maestro
Salary revision and increment management
Accounting by Wave
7.7
Budget Maestro
Reimbursement management
Accounting by Wave
8.0
Budget Maestro

Customization

Accounting by Wave
9.0
Budget Maestro
API for custom integration
Accounting by Wave
8.9
Budget Maestro
Plug-ins
Accounting by Wave
9.1
Budget Maestro

Security

Accounting by Wave
8.6
Budget Maestro
Single sign-on capability
Accounting by Wave
9.1
Budget Maestro
Role-based user permissions
Accounting by Wave
8.1
Budget Maestro

Reporting & Analytics

Accounting by Wave
8.4
Budget Maestro
Dashboards
Accounting by Wave
8.4
Budget Maestro
Standard reports
Accounting by Wave
8.3
Budget Maestro
Custom reports
Accounting by Wave
8.6
Budget Maestro

General Ledger and Configurable Accounting

Accounting by Wave
8.2
Budget Maestro
Accounts payable
Accounting by Wave
8.6
Budget Maestro
Accounts receivable
Accounting by Wave
9.2
Budget Maestro
Cash management
Accounting by Wave
8.0
Budget Maestro
Bank reconciliation
Accounting by Wave
7.8
Budget Maestro
Expense management
Accounting by Wave
8.5
Budget Maestro
Time tracking
Accounting by Wave
7.3
Budget Maestro
Fixed asset management
Accounting by Wave
6.3
Budget Maestro
Multi-currency support
Accounting by Wave
8.5
Budget Maestro
Multi-division support
Accounting by Wave
7.5
Budget Maestro
Regulations compliance
Accounting by Wave
7.3
Budget Maestro
Electronic tax filing
Accounting by Wave
6.0
Budget Maestro
Self-service portal
Accounting by Wave
9.0
Budget Maestro
Global Financial Support
Accounting by Wave
9.0
Budget Maestro
Primary and Secondary Ledgers
Accounting by Wave
9.3
Budget Maestro
Intercompany Accounting
Accounting by Wave
8.7
Budget Maestro
Localizations
Accounting by Wave
9.5
Budget Maestro
Journals and Reconciliations
Accounting by Wave
8.1
Budget Maestro
Enterprise Accounting
Accounting by Wave
8.7
Budget Maestro
Configurable Accounting
Accounting by Wave
8.5
Budget Maestro
Centralized Rules Framework
Accounting by Wave
9.0
Budget Maestro
Standardized Processes
Accounting by Wave
8.0
Budget Maestro

Inventory Management

Accounting by Wave
8.9
Budget Maestro
Inventory tracking
Accounting by Wave
9.5
Budget Maestro
Automatic reordering
Accounting by Wave
8.0
Budget Maestro
Location management
Accounting by Wave
9.0
Budget Maestro
Manufacturing module
Accounting by Wave
9.0
Budget Maestro

Order Management

Accounting by Wave
7.9
Budget Maestro
Pricing
Accounting by Wave
8.3
Budget Maestro
Order entry
Accounting by Wave
8.3
Budget Maestro
Credit card processing
Accounting by Wave
9.1
Budget Maestro
Cost of goods sold
Accounting by Wave
8.8
Budget Maestro
Order Orchestration
Accounting by Wave
8.0
Budget Maestro
End-to-end order visibility
Accounting by Wave
4.8
Budget Maestro
Order exception Resolution
Accounting by Wave
8.0
Budget Maestro

Accounting Firm BPO Features

Accounting by Wave
8.0
Budget Maestro
Branded client dashboards
Accounting by Wave
8.0
Budget Maestro
Client data roll-up capabilities
Accounting by Wave
8.0
Budget Maestro
Client data consolidation for benchmarking
Accounting by Wave
7.5
Budget Maestro
Configurable alerts
Accounting by Wave
8.0
Budget Maestro
Billing bypass
Accounting by Wave
8.0
Budget Maestro
Client template cloning
Accounting by Wave
8.0
Budget Maestro
Single sign-on
Accounting by Wave
9.0
Budget Maestro
Configurable client onboarding questions
Accounting by Wave
8.0
Budget Maestro
Cross-client workflow management
Accounting by Wave
8.0
Budget Maestro
Industry-specific versioning
Accounting by Wave
8.0
Budget Maestro
Legacy system data migration
Accounting by Wave
8.0
Budget Maestro

Pros

  • The dashboard provides instant views of month-by month income & expenses for the past 12-24 months, a breakdown of current year expense by category, and net income for the past year and year-to-date.
  • Invoicing has easy templated set up has lots of per invoice options such as single/recurring payment options, due dates.
  • Year end reports are easy to generate in either pdf or csv format.
No photo available
No answers on this topic

Cons

  • My biggest request is that they add a way to link invoice payments with the bank deposits . When a payment is made through Wave, they show the income and it is marked with the invoice number, but when they transfer the money into the bank, the credit is not tied to the invoice(s). You have to figure out by hand and delete the transaction from the bank to prevent getting double credit on it
  • It would be good to have a field for CC email on each customer. Currently you have to add any CC when sending.
  • On the Transactions view, a few more search options would be helpful.
No photo available
No answers on this topic

Likelihood to Renew

Accounting by Wave7.8
Based on 3 answers
Easy to use for clients with no accounting background and the price is right.
Jeanne Harris profile photo
No score
No answers yet
No answers on this topic

Usability

Accounting by Wave5.3
Based on 4 answers
I am a professional bookkeeper and I have no problems using Wave and all of it's features. I can see that certain individuals who have no accounting knowledge might struggle with a few different features and entries, but that is why Wave has an emphasis in connecting users to Wave Pro's who will walk them through things
Melissa Whaley profile photo
No score
No answers yet
No answers on this topic

Reliability and Availability

Accounting by Wave6.7
Based on 4 answers
WAVE is always available when we need it ! Peter
Peter Cullen profile photo
No score
No answers yet
No answers on this topic

Performance

Accounting by Wave2.9
Based on 2 answers
Wave does tend to slow down when filtering your transactions screen especially by date. This is more of an issue when trying to trouble shoot certain transactions or clean-up a set of books.
Melissa Whaley profile photo
No score
No answers yet
No answers on this topic

Support

Accounting by Wave9.0
Based on 1 answer
If they had live chat service then I'd rate this a 10.
Matthew Gehrman profile photo
No score
No answers yet
No answers on this topic

Online Training

Accounting by Wave4.7
Based on 3 answers
easy to use and east to train on ! Our WAVE clients enjoy the ease of use
Peter Cullen profile photo
No score
No answers yet
No answers on this topic

Alternatives Considered

Zoho has many modules that can be integrated, including CRM, but Wave is pretty much ready to use 5 minutes after signing up.
No photo available
No answers on this topic

Rating for Public Practice CPAs

Accounting by Wave8.0
Based on 8 answers
I rated the software an 7 due to its ease of use. It would be rated higher, but I consider this to be a niche product instead of a go to product for all clients. This is the software to use if you want an inexpensive entry level software for an owner managed business.
Randy O'Malley profile photo
No score
No answers yet
No answers on this topic

Scalability

Accounting by Wave3.0
Based on 2 answers
Once they out grow what is ability to move up to a more robust system?
Penny Breslin profile photo
No score
No answers yet
No answers on this topic

Return on Investment

  • Wave has enabled our accounts payable to maintain a 99% closure rate by leveraging auto reminders through the email system.
  • Our quote to invoice process is a single click, saving time and effort. Even minor changes during that transition occur simply and easily.
  • Aside from payments, Wave has been free for our usage. Our bottom line is better because we're not investing in software but instead embracing an entire ecosystem.
No photo available
No answers on this topic

Pricing Details

Accounting by Wave

General
Free Trial
Free/Freemium Version
Premium Consulting/Integration Services
Entry-level set up fee?
No
Additional Pricing Details

Budget Maestro

General
Free Trial
Free/Freemium Version
Premium Consulting/Integration Services
Entry-level set up fee?
No
Additional Pricing Details