What users are saying about

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Top Rated
100 Ratings

Harpoon

1 Ratings

Accounting by Wave<a href='https://www.trustradius.com/static/about-trustradius-scoring' target='_blank' rel='nofollow'>Customer Verified: Read more.</a>

Top Rated
100 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

Harpoon

1 Ratings
<a href='https://www.trustradius.com/static/about-trustradius-scoring' target='_blank' rel='nofollow'>trScore algorithm: Learn more.</a>
Score 10 out of 101

Add comparison

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

Harpoon

If you're freelancing or running a small marketing agency, I'll steer you strongly towards Harpoon. It's such a terrific fit for this business type. It provides easy invoice management so if that's all you care about, use Harpoon this way. If you want a tool that will guide you towards success, Harpoon helps you do this when launching your account. Know what you want to earn, what it takes to get there, and how you're doing along the way. What financial software for freelancers provides simple project tools? Harpoon.
Jason Montoya profile photo

Feature Rating Comparison

Payroll Management

Accounting by Wave
7.9
Harpoon
Pay calculation
Accounting by Wave
8.4
Harpoon
Benefit plan administration
Accounting by Wave
7.5
Harpoon
Direct deposit files
Accounting by Wave
8.0
Harpoon
Salary revision and increment management
Accounting by Wave
7.7
Harpoon
Reimbursement management
Accounting by Wave
8.0
Harpoon

Customization

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

Security

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

Reporting & Analytics

Accounting by Wave
8.5
Harpoon
Dashboards
Accounting by Wave
8.5
Harpoon
Standard reports
Accounting by Wave
8.3
Harpoon
Custom reports
Accounting by Wave
8.6
Harpoon

General Ledger and Configurable Accounting

Accounting by Wave
8.3
Harpoon
Accounts payable
Accounting by Wave
8.5
Harpoon
Accounts receivable
Accounting by Wave
9.2
Harpoon
Cash management
Accounting by Wave
8.2
Harpoon
Bank reconciliation
Accounting by Wave
7.8
Harpoon
Expense management
Accounting by Wave
8.6
Harpoon
Time tracking
Accounting by Wave
7.3
Harpoon
Fixed asset management
Accounting by Wave
6.2
Harpoon
Multi-currency support
Accounting by Wave
8.5
Harpoon
Multi-division support
Accounting by Wave
7.5
Harpoon
Regulations compliance
Accounting by Wave
7.3
Harpoon
Electronic tax filing
Accounting by Wave
6.0
Harpoon
Self-service portal
Accounting by Wave
9.1
Harpoon
Global Financial Support
Accounting by Wave
9.0
Harpoon
Primary and Secondary Ledgers
Accounting by Wave
9.3
Harpoon
Intercompany Accounting
Accounting by Wave
8.7
Harpoon
Localizations
Accounting by Wave
9.5
Harpoon
Journals and Reconciliations
Accounting by Wave
8.4
Harpoon
Enterprise Accounting
Accounting by Wave
8.7
Harpoon
Configurable Accounting
Accounting by Wave
8.5
Harpoon
Centralized Rules Framework
Accounting by Wave
9.0
Harpoon
Standardized Processes
Accounting by Wave
7.9
Harpoon

Inventory Management

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

Order Management

Accounting by Wave
7.9
Harpoon
Pricing
Accounting by Wave
8.3
Harpoon
Order entry
Accounting by Wave
8.3
Harpoon
Credit card processing
Accounting by Wave
9.1
Harpoon
Cost of goods sold
Accounting by Wave
8.9
Harpoon
Order Orchestration
Accounting by Wave
8.0
Harpoon
End-to-end order visibility
Accounting by Wave
4.7
Harpoon
Order exception Resolution
Accounting by Wave
8.0
Harpoon

Accounting Firm BPO Features

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

Pros

  • Wave is a wonderful integrated solution offering invoicing, bookkeeping, and cash flow analysis along with bank integration that auto updates.
  • Wave is a payment solution provider with an industry standard rate of 2.9ish% for credit card transactions and provides a good analysis for me as to when I typically get paid.
  • Wave pulls common data for me in building a customized branded invoice, allowing me to make the invoice process faster by adding repeat customers and listing my graphic design services.
Carl Grivakis profile photo
  • Makes Sending Invoices & Collecting Payment Easy, for Freelancers
  • Tracking Financial Goals (Monthly & Annual) & Projecting Future Results
  • Provides Insights On AR, Earned Income, Top Clients, and other helpful but highly relevant data points.
Jason Montoya profile photo

Cons

  • I would love to see a separate transaction feed for CAD and USD accounts. It is tricky right now to properly post transfers and payments between currencies as well as from bank accounts to credit card accounts.
  • Adding an invoice number field to the Verify Screen would eliminate the need to post the bill first and then record the payment second.
Jennifer Bauldic profile photo
  • The automatic expense management is basic. It does sync with banks, but I've had some duplicate entry issues that are being worked out of the system.
  • I'd like to see additional reports that dive deeper into some of the dashboard widgets.
Jason Montoya 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
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

No other products tried or sampled. I have extensive experience with (installed) accounting products. They are costly and not efficient for an online business environment. I can focus on data modification - report generation and financial analysis. This allows me to maximize my efficiency and improves my billing potential.Wave allows me to be an accountant and not a bookkeeper.
Bruce Collie    CPA, CGA profile photo
I've used Less Accounting and & Quickbooks Online. After Less Accounting was acquired, its development was mostly stopped. While the tool was a simple way to manage invoices and expenses, its directional philosophy changed with the new owners. Quickbooks Online was a solid tool, but the company support was unhelpful and hard to work with at times. Harpoon provides a great tool, with a company that cares about its users.
Jason Montoya profile photo

Rating for Public Practice CPAs

Accounting by Wave8.0
Based on 8 answers
Wave is very easy for the small business owner to use but it has enough features to keep accountants happy.
Elaine Orr Morgan 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 allows me to work from my home and not have to drive to a client's place of business. It is a time management improver for me.
  • It is easy to use and the client sees the results as soon as I finish the month end.
  • Ideal for startups and small businesses. No cost!
Bruce Collie    CPA, CGA profile photo
  • Clear and precise visibility of my financial status.
  • Projections of how I'm doing today, this month, and this year.
  • Clarity on what needs to happen with client development to reach my goals.
  • It shrinks the amount of time I spend on getting clients to pay my invoices.
Jason Montoya profile photo

Pricing Details

Accounting by Wave

General
Free Trial
Free/Freemium Version
Premium Consulting/Integration Services
Entry-level set up fee?
No
Accounting by Wave Editions & Modules
Accounting by Wave
Additional Pricing Details

Harpoon

General
Free Trial
Yes
Free/Freemium Version
Premium Consulting/Integration Services
Entry-level set up fee?
No
Harpoon Editions & Modules
Harpoon
Edition
Single User - Unlimited Everything
$191
1. per month
Additional Pricing Details