What users are saying about

Accounting by Wave

Top Rated
97 Ratings

CouchDB

26 Ratings

Accounting by Wave

Top Rated
97 Ratings
Score 9 out of 101

CouchDB

26 Ratings
Score 7.3 out of 101

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Likelihood to Recommend

Accounting by Wave

I have recommended it to many small businesses because first off, it works. Setup and daily use it is easy. There is no cost outside of any payment transaction processing fees. You can probably find lower fees, but they are not out of line with other services.
No photo available

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
8.4
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
9.1
CouchDB
API for custom integration
Accounting by Wave
8.9
CouchDB
Plug-ins
Accounting by Wave
9.2
CouchDB

Security

Accounting by Wave
8.6
CouchDB
Single sign-on capability
Accounting by Wave
9.0
CouchDB
Role-based user permissions
Accounting by Wave
8.2
CouchDB

Reporting & Analytics

Accounting by Wave
8.5
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
8.4
CouchDB
Accounts receivable
Accounting by Wave
9.1
CouchDB
Cash management
Accounting by Wave
8.1
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
5.2
CouchDB
Multi-currency support
Accounting by Wave
8.6
CouchDB
Multi-division support
Accounting by Wave
7.4
CouchDB
Regulations compliance
Accounting by Wave
7.3
CouchDB
Electronic tax filing
Accounting by Wave
6.0
CouchDB
Self-service portal
Accounting by Wave
9.1
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
8.4
CouchDB
Enterprise Accounting
Accounting by Wave
8.7
CouchDB
Configurable Accounting
Accounting by Wave
8.7
CouchDB
Centralized Rules Framework
Accounting by Wave
9.0
CouchDB
Standardized Processes
Accounting by Wave
7.9
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
7.8
CouchDB
Pricing
Accounting by Wave
8.1
CouchDB
Order entry
Accounting by Wave
8.0
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
4.7
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

  • Quoting and Invoicing - This feature is huge to be able to manage customers and automate the process of sending invoices as well as reminding outstanding balance holders about their obligations.
  • Payment Processing - Once you get the invoicing down, the ability to process credit card and ACH payments in a single package is great. The fees are competitive and the turn-around time to money in the bank is quick.
  • Bank Integrations - I mean, this ought to be a standard thing these days, but Wave makes it super simple. There is no need to use esoteric APIs or ugly interfaces - everything is in the same Wave wrapper and the functionality is truly seamless.
No photo available
  • Technically easy to use and integrate. REST API allows CouchDB to work with all technologies we use: node.js, lua, python, elasticsearch, logstash, etc. Our experience is that it is very robust and has been trouble-free to sue for over 5 years of heavy daily use.
  • Using map/reduce allows us to quickly implement new views into our customer's data based on their needs. Easy to develop new features based on CouchDB's view/list/show mechanism. Functions are written in Javascript, which allows a broad range of our developer's to understand and contribute to code.
  • NoSQL is wonderful for our data set. We support format-specific metadata for many thousands of different file types without the need to change schemas or anything else. We find that CouchDB allows us to focus more on our applications and customers and less on back-end design.
  • Scales for us well. We have 100's millions of documents, many with binary attachments, stored in thousands of databases. Running on some fairly meager hardware distributed across multiple locations. There is not difference in performance today as when we had a few thousand documents when we started.
  • Replication model is very nice and simple. And fast! We use it for obvious things like backups & redundancy. But we also use it for deploying software updates and for remote data colleciton from customer sites.
Dave Lundberg profile photo

Cons

  • Not too much to complain about with Wave although I do wish they kept an audit trail of all invoice reminders sent, changes in the invoice, and have the ability to pull reports with this data. This functionality would be great to review clients as a whole to determine profitability and time spent with these clients.
  • 9% processing fees for all cards which is a bit higher than some of the competitors like Blue Pay. The pro to this though is there's no monthly commitment or monthly service fees.
Matthew Gehrman profile photo
  • SUPER SLOW. We do tons of data and S3 and just using the file system were both way faster
  • Using views is too complex
  • Stores entire DB as 1 file, good luck when it becomes many TB
Josh Stapp 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
CouchDB7.8
Based on 7 answers
Because our current solution S3 is working great and CouchDB was a nightmare. The worst is that at first, it seemed fine until we filled it with tons of data and then started to create views and actually delete.
Josh Stapp 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

Wave is better in being my one place to go for collecting payments. PayPal is nice if you're on the road collecting payments through their app and using PayPal Here, but if you would like to keep invoicing in the same place as your bookkeeping, I think Wave is a better-integrated solution.
Carl Grivakis profile photo
Developing spring boot apps with Couchbase using Spring Data JPA really solves complexity of programming.
Aditya Peshave profile photo

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

  • Being as it's free software to use I'd say implementing wave has been a positive return for the business.
  • Providing us the ability to process credit cards over the phone has increased our turn time to receive payments thus saving time overall which equates to $1,000's a year
Matthew Gehrman profile photo
  • As a result of using CouchDB as backend for services, we need not worry about failures that often.
  • The response time is the key for the user. Faster response helps serve customers better and reduce the call timings.
Aditya Peshave 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