What users are saying about

Accounting by Wave

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Top Rated
102 Ratings
8 Ratings

Accounting by Wave

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Top Rated
102 Ratings
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Score 9.1 out of 101
8 Ratings
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Score 6 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

Deltek Ajera

Ajera is great for small firms in the AE industry. I would not use Ajera if you are not in the AE industry or if you are a very large company. It is the perfect software for those small companies that can not get the information they want from QuickBooks type softwares.
No photo available

Feature Rating Comparison

Payroll Management

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

Customization

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

Security

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

Reporting & Analytics

Accounting by Wave
8.4
Deltek Ajera
Dashboards
Accounting by Wave
8.4
Deltek Ajera
Standard reports
Accounting by Wave
8.3
Deltek Ajera
Custom reports
Accounting by Wave
8.6
Deltek Ajera

General Ledger and Configurable Accounting

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

Inventory Management

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

Order Management

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

Accounting Firm BPO Features

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

Project Management

Accounting by Wave
Deltek Ajera
8.6
Task Management
Accounting by Wave
Deltek Ajera
9.1
Resource Management
Accounting by Wave
Deltek Ajera
7.5
Gantt Charts
Accounting by Wave
Deltek Ajera
9.1
Scheduling
Accounting by Wave
Deltek Ajera
7.2
Workflow Automation
Accounting by Wave
Deltek Ajera
8.6
Team Collaboration
Accounting by Wave
Deltek Ajera
8.3
Support for Agile Methodology
Accounting by Wave
Deltek Ajera
9.1
Support for Waterfall Methodology
Accounting by Wave
Deltek Ajera
9.1
Document Management
Accounting by Wave
Deltek Ajera
8.5
Mobile Access
Accounting by Wave
Deltek Ajera
8.8
Timesheet Tracking
Accounting by Wave
Deltek Ajera
8.9
Change request and Case Management
Accounting by Wave
Deltek Ajera
8.6
Budget and Expense Management
Accounting by Wave
Deltek Ajera
8.9

Professional Services Automation

Accounting by Wave
Deltek Ajera
8.7
Quotes/estimates
Accounting by Wave
Deltek Ajera
7.2
Invoicing
Accounting by Wave
Deltek Ajera
9.2
Project & financial reporting
Accounting by Wave
Deltek Ajera
9.2
Integration with accounting software
Accounting by Wave
Deltek Ajera
9.0

Pros

  • Wave can create invoices, send invoices to clients, and notify me once an invoice has been received. It also tracks when invoices are due and allows me to check paid invoices off my list. It's extremely helpful when my previous methods of tracking invoices was updating an excel sheet. A simple feature included with invoicing is the software keeping track of what number invoice I'm currently on, so it's quick to reference different invoices.
  • Bookkeeping with Wave is fairly intuitive. You can connect any of your desired bank accounts to Wave and import your list of transactions. Wave keeps a database of clients, and though it means creating entries for each client (specifically recurring ones) you can tag clients onto income in the bank account. You can also create specific line items for budgets and tag transactions under whatever budget item you wish. There are many ways to use bookkeeping and budgeting with Wave and I've been very pleased to keep everything categorized under one software rather than using multiple applications.
  • Other features I've not used extensively yet that Wave includes are: estimates, cash flow reports, payroll, tax charts, etc. I'll be using estimates and reporting later this year, but I'm still impressed with how much versatility the software allows for.
Chris Hecox profile photo
  • Widgets are the best feature of Ajera. Designers can make tiny reports for the entire company, or for one or two individuals. These little reports are the first things that the employee sees when they log in. Viewers of the reports are able to filter, sort, group, print or export the widget without impacting the other users. Deltek has been releasing new features that allow the editing of data in widgets. You can now create new projects or edit timesheets from the widgets.
  • Credit card importing and credit card reconciliation in Ajera has greatly decreased time spent by administration. You can import credit card transactions from your credit cards. It saves on data entry, and it is easy to see what receipts you are missing when you get the statement.
  • Mobile timesheets and expense reports help engineers or other users enter their time and expenses as they are on the go. They can take pictures or receipts or submit their timesheet from home.
  • The Project Command Center is a one stop fountain of information. Everything the project manager wants to know about a project can be found here. You can also add custom fields that allow you to tract addition information.
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
  • The complaint I here from our employees is often that there is a lot of Data entry. However, looking at the levels of data entry we saw when shopping for software, Ajera was one of the least.
  • Custom fields in Ajera are great. But it would be nice if there was more options for how they appear on the page.
  • About once a year there is a big update to Ajera with new features. Usually right after the update, there are a few glitches in the software. However, Deltek always releases corrections very quickly.
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

Wave's biggest selling point is by far it's price, because their base product for free. Most people sign-up because of that advantage. But here are my opinions of Wave Vs these three other programs I've worked in.Wave vs Freshbooks
-Freshbooks wins for invoicing because it gives you multiple options for payment processing integration and it gives you an audit trail on invoices to show when a client has viewed as well as paid. It also has a project time tracking option that you can then invoice time entries.-Wave wins the accounting side because it actually tracks assets and liabilities, not just income and expenses. -As far as user friendly and accounting knowledge necessary to use, Freshbooks is slightly easier for those with no accounting knowledge.-Wave allows bookkeepers to use their own account access through the collaborator feature, Freshbooks has "accountant" access but you can only view reports and export journal entries. If someone wants help editing transactions they have to share their login info.
Wave vs Quickbooks Online
-Quickbooks Online wins for customization and range of features especially custom reports, sub-accounts in the chart of accounts, and traditional bank reconciliation.-Wave is better in ease of use -Wave Payroll offers a Tax service that automates payroll tax filing, Quickbooks Payroll does not do that you still have to hit send
Wave vs Less Accounting
- Overall I found LessAccounting and Wave very comparable products, but LessAccounting is a paid product and Wave's base product is free w/ advertising on the sidebar.-In the range of features, Wave has more integrated options such as Payroll and Payment Processing.-LessAccounting has a strong emphasis on education and tries to educate the user on basic bookkeeping processes within the software-LessAccounting has a slightly better bank reconciliation feature, but only slightly better because you enter the starting and ending statement balances. Neither product are strong on true bank statement reconciliation.
Melissa Whaley profile photo
We have used Quickbooks and Excel in the past. Ajera is the next step for the AE Industry who needs more information from their software. We were able to move all of our Excel reports into Ajera. We do still export to Excel from time to time. Ajera is a database software. If you are familiar with databases, you understand that there are some things that are simpler to do in Excel
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

  • Increased staff efficiencies
  • Increased customer service
Randy O'Malley profile photo
  • Employees are able to send invoices immediately when clients request them.
  • Administration has had more time to handle our growth from time saved from credit card and bank reconciliation.
  • We are able to get a snapshot of every project quickly and instantly see where we are on a project,
No photo available

Pricing Details

Accounting by Wave

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

Deltek Ajera

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