What users are saying about

Accounting by Wave

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Top Rated
102 Ratings
19 Ratings

Accounting by Wave

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Top Rated
102 Ratings
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Score 9.1 out of 101
19 Ratings
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Score 7.9 out of 101

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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

Coupa

This tool is so incredibly affordable even the smallest of companies should be using it. You can easily pay for the system with successful sourcing events. The system is so configurable I'm not sure there is an industry it wouldn’t be successful in. From a retail perspective, I love the hosted catalog, sourcing, and P2P modules, they're exactly what I need.
Scott Coleman CPSM, CPSD, C.P.M profile photo

Feature Rating Comparison

Payroll Management

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

Customization

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

Security

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

Reporting & Analytics

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

General Ledger and Configurable Accounting

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

Inventory Management

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

Order Management

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

Accounting Firm BPO Features

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

Pros

  • Crisp, clean invoices, and I particularly like the ability to customize the invoice to fit our needs.
  • Custom reporting tools so we can slice & dice our data as needed.
  • Overall interface is incredibly easy to navigate through and you don't have to be a professional accountant or book keeper to make sense of everything.
  • Offering a recurring payment option, credit card processing, and ACH payment options with customer online payment options as well has made our life much easier with the repeat accounts we manage.
  • Adding customers profiles is simple and can be done right in the new invoice tool
  • Setting up vendors is quick and easy to associate to various payable/receivable accounts is simple.
Matthew Gehrman profile photo
  • Key feature for our organization is to control and manage spend.
  • Tracking budget and seeing insights into how our organization is spending money is critical.
  • Ease of use was crucial for all end users. I can submit invoices and track where they are in the process easily.
No photo available

Cons

  • The only disappointment I've had with using Wave so far is how delayed transactions can be with the bank connection. This is likely because of how slow the turnaround can be for check deposits and other transactions to register in the bank (24 hours or more) but it means I need to reference my bank account's website instead of Wave if I have checks arriving on payroll day.
Chris Hecox profile photo
  • Seeing individual spend history can be difficult.
  • System is slow. It takes several seconds to search for different items in our instance of Coupa.
  • Configuration is is not there yet.
No photo available

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

I was never able to figure out Gnu cash so I had to mostly use excel, until I found Wave
Torrey Holman profile photo
Coupa does well compared to its competitors. Coupa has an easy to use interface. It's an all cloud based, SaaS. Reporting in Coupa is also above the competition. Coupa also requires less maintenance, upgrades are automatic and we don't need to worry about being on the latest version. Coupa is one of the top vendors in the space!
No photo available

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

  • Adding Wave to our roster of supported products has introduced us to a new group of business owners that are motivated to manage and grow their businesses.
  • Wave has improved employee engagement as my staff feel more involved in helping our customers achieve their goals. Their work is more meaningful now and less data entry driven.
Jennifer Bauldic profile photo
  • Coupa helps ensure virtually all purchase orders are in compliance with company policies
  • Coupa makes it easy to audit previously processed purchase orders
Tolulope Lawal 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

Coupa

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