What users are saying about

Accounting by Wave

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Top Rated
102 Ratings
26 Ratings

Accounting by Wave

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Top Rated
102 Ratings
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Score 9.1 out of 101
26 Ratings
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Score 7.3 out of 101

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Likelihood to Recommend

Accounting by Wave

Wave is a great means to launch a business and run a low cost (free) accounting solution as you startup the gears on your own business. Wave is scalable and could work well with larger companies as you can provide a variety of access levels, and even give your accountant eyes into your books. I like that they also offer payroll and bookkeeping services at a cost, but I haven't used them yet. Wave's invoicing is easy to follow and offers great payment options for my client.
Carl Grivakis profile photo

CouchDB

It's good as a general JSON document store and basic map/reduce system. For more specialized tasks like message queuing, graph traversal, streaming metrics aggregation, or arbitrary table joins, I'd recommend another database.
Sean Lang profile photo

Feature Rating Comparison

Payroll Management

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

Customization

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

Security

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

Reporting & Analytics

Accounting by Wave
8.4
CouchDB
Dashboards
Accounting by Wave
8.4
CouchDB
Standard reports
Accounting by Wave
8.3
CouchDB
Custom reports
Accounting by Wave
8.6
CouchDB

General Ledger and Configurable Accounting

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

Inventory Management

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

Order Management

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

Accounting Firm BPO Features

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

Pros

  • Separates tasks by name for billing
  • Reminders of invoices coming due and notices of any overdue
  • Calculates payment amount due depending on the information you previously set up
  • Saves time
  • Makes freelancing financials painless
Torrey Holman profile photo
  • It can replicate and sync with web browsers via PouchDB. This lets you keep a synced copy of your database on the client-side, which offers much faster data access than continuous HTTP requests would allow, and enables offline usage.
  • Simple Map/Reduce support. The M/R system lets you process terabytes of documents in parallel, save the results, and only need to reprocess documents that have changed on subsequent updates. While not as powerful as Hadoop, it is an easy to use query system that's hard to screw up.
  • Sharding and Clustering support. As of CouchDB 2.0, it supports clustering and sharding of documents between instances without needing a load balancer to determine where requests should go.
  • Master to Master replication lets you clone, continuously backup, and listen for changes through the replication protocol, even over unreliable WAN links.
Sean Lang profile photo

Cons

  • There are no preset date options for reports. It would be nice if you could select a quick option when running a report like "this month", "this quarter", "last month", "last quarter". It can bee a little cumbersome to manually enter the dates for a report especially when looking for previous years.
  • As a Wave Pro, I have clients who use Wave for Payroll. Under my "collaborator" access I cannot assist them with running payroll or view any payroll reports I have to use their personal login to access payroll. It would be nice to have an option to grant a collaborator more access including Payroll.
  • It would be really great to add a credit memo option. That way you could show that a client has a positive balance on their account. I know there are some funky work-arounds for this, but it's not worth the work to use them.
  • Bank reconciliation technically exists, but it's not intuitive for someone who is used to reconciling in a desktop software such as Quickbooks.
Melissa Whaley profile photo
  • The HTTP content type headers aren't explicitly set to `application/json` when you make a request with your browser. They incorrectly respond with `text/plain`. This issue has been reported multiple times, and even had patches proposed, but so far they've been rejected.
  • CouchDB doesn't support returning gzipped responses. You can get around this by using nginx in front of your CouchDB servers, but it could be faster if it was supported directly.
  • Even in clustered mode, CouchDB nodes aren't able to share computed view data through replication. Each node needs to compute it on their own, which is a little wasteful.
Sean Lang profile photo

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
CouchDB7.9
Based on 7 answers
Will continue to use while it makes sense. Makes a lot of sense to us right now.
Dave Lundberg profile photo

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
CouchDB8.0
Based on 1 answer
Couchdb is very simple to use and the features are also reduced but well implemented. In order to use it the way its designed, the ui is adequate and easy. Of course, there are some other task that can't be performed through the admin ui but the minimalistic design allows you to use external libraries to develop custom scripts
victor pease solano profile photo

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

Implementation

No score
No answers yet
No answers on this topic
CouchDB9.0
Based on 1 answer
it support is minimal also hw requirements. Also for development, we can have databases replicated everywhere and the replication is automagical. once you set up the security and the rules for replication, you are ready to go. The absence of a model let you build your app the way you want it
victor pease solano profile photo

Alternatives Considered

I'd say Wave is more user friendly and has more functionality than Sage One. It has less functionality than Kashflow and QuickBooks, but it's easier to use. Xero is probably better all round, but that's the most expensive. Wave was originally selected by us, and still used by us and our clients because it's free and works great for our needs.
Paul Colman FCA profile photo
S3 blew this out of the water, we can get over 30 files a second, almost no failures, auto backed up, don't need our own server, and a much simpler interface with PHP Laravel.
Josh Stapp profile photo

Rating for Public Practice CPAs

Accounting by Wave8.0
Based on 8 answers
It's easy and quick to setup. It's user friendly and doesn't use too much jargon so my clients understand it and use it properly. It allows me to switch between different clients quickly so I can respond to any queries by looking at the same data.
Paul Colman FCA 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

  • Faster bookkeeping
  • Better accounting records
  • Cheaper accountants fees
Paul Colman FCA profile photo
  • It wasted our time.
  • It was easier to switch to AWS S3 from couchDB than it was to switch to couchDB from a filesystem so it set us up for that.
Josh Stapp profile photo

Pricing Details

Accounting by Wave

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

CouchDB

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