What users are saying about

Accounting by Wave

Top Rated
97 Ratings

Host Analytics

Top Rated
103 Ratings

Accounting by Wave

Top Rated
97 Ratings
Score 9 out of 101

Host Analytics

Top Rated
103 Ratings
Score 7.6 out of 101

Add comparison

Likelihood to Recommend

Accounting by Wave

Wave is great at small business accounting where fairly simple quotes and invoices can be set up and payments can be received online or as mailed checks. Other or more complicated situations are not well suited to the platform. Any business that takes in Bitcoin or other alternative currencies will struggle to link the account types together
No photo available

Host Analytics

Host Analytics has proven to be particularly useful during the budget process - specifically related to the generation of multiple iterations. For me, it has always been very important to provide a trail or bridge from one iteration to the next. People become comfortable with the current iteration and need to fully understand what changed before they can support the current version. Host Analtytics provides the ability to lock the current scenario and create a new one in minutes and then quickly compare the two iterations across dimensions via reporting. It's a great way to check for reasonableness and ensure nothing major was missed.
Lee Johnston profile photo

Feature Rating Comparison

Payroll Management

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

Customization

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

Security

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

Reporting & Analytics

Accounting by Wave
8.5
Host Analytics
Dashboards
Accounting by Wave
8.4
Host Analytics
Standard reports
Accounting by Wave
8.3
Host Analytics
Custom reports
Accounting by Wave
8.6
Host Analytics

General Ledger and Configurable Accounting

Accounting by Wave
8.2
Host Analytics
Accounts payable
Accounting by Wave
8.4
Host Analytics
Accounts receivable
Accounting by Wave
9.1
Host Analytics
Cash management
Accounting by Wave
8.1
Host Analytics
Bank reconciliation
Accounting by Wave
7.8
Host Analytics
Expense management
Accounting by Wave
8.5
Host Analytics
Time tracking
Accounting by Wave
7.3
Host Analytics
Fixed asset management
Accounting by Wave
5.2
Host Analytics
Multi-currency support
Accounting by Wave
8.6
Host Analytics
Multi-division support
Accounting by Wave
7.4
Host Analytics
Regulations compliance
Accounting by Wave
7.3
Host Analytics
Electronic tax filing
Accounting by Wave
6.0
Host Analytics
Self-service portal
Accounting by Wave
9.1
Host Analytics
Global Financial Support
Accounting by Wave
9.0
Host Analytics
Primary and Secondary Ledgers
Accounting by Wave
9.3
Host Analytics
Intercompany Accounting
Accounting by Wave
8.7
Host Analytics
Localizations
Accounting by Wave
9.5
Host Analytics
Journals and Reconciliations
Accounting by Wave
8.4
Host Analytics
Enterprise Accounting
Accounting by Wave
8.7
Host Analytics
Configurable Accounting
Accounting by Wave
8.7
Host Analytics
Centralized Rules Framework
Accounting by Wave
9.0
Host Analytics
Standardized Processes
Accounting by Wave
7.9
Host Analytics

Inventory Management

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

Order Management

Accounting by Wave
7.8
Host Analytics
Pricing
Accounting by Wave
8.1
Host Analytics
Order entry
Accounting by Wave
8.0
Host Analytics
Credit card processing
Accounting by Wave
9.1
Host Analytics
Cost of goods sold
Accounting by Wave
8.8
Host Analytics
Order Orchestration
Accounting by Wave
8.0
Host Analytics
End-to-end order visibility
Accounting by Wave
4.7
Host Analytics
Order exception Resolution
Accounting by Wave
8.0
Host Analytics

Accounting Firm BPO Features

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

Budgeting, Planning, and Forecasting

Accounting by Wave
Host Analytics
8.1
Long-term financial planning
Accounting by Wave
Host Analytics
7.6
Financial budgeting
Accounting by Wave
Host Analytics
8.8
Forecasting
Accounting by Wave
Host Analytics
8.6
Scenario modeling
Accounting by Wave
Host Analytics
6.9
Management reporting
Accounting by Wave
Host Analytics
8.5

Consolidation and Close

Accounting by Wave
Host Analytics
7.2
Financial data consolidation
Accounting by Wave
Host Analytics
8.4
Journal entries and reports
Accounting by Wave
Host Analytics
7.2
Multi-currency management
Accounting by Wave
Host Analytics
8.4
Intercompany Eliminations
Accounting by Wave
Host Analytics
7.1
Minority Ownership
Accounting by Wave
Host Analytics
1.5
Local and consolidated reporting
Accounting by Wave
Host Analytics
8.7
Detailed Audit Trails
Accounting by Wave
Host Analytics
9.2

FInancial Reporting and Compliance

Accounting by Wave
Host Analytics
8.1
Financial Statement Reporting
Accounting by Wave
Host Analytics
8.3
Management Reporting
Accounting by Wave
Host Analytics
8.7
Excel-based Reporting
Accounting by Wave
Host Analytics
8.0
Automated board and financial reporting
Accounting by Wave
Host Analytics
8.3
XBRL support for regulatory filing
Accounting by Wave
Host Analytics
7.1

Analytics

Accounting by Wave
Host Analytics
4.3
Personalized dashboards
Accounting by Wave
Host Analytics
3.1
Color-coded scorecards
Accounting by Wave
Host Analytics
4.9
KPIs
Accounting by Wave
Host Analytics
3.5
Cost and profitability analysis
Accounting by Wave
Host Analytics
6.1
Key Performance Indicator setting
Accounting by Wave
Host Analytics
5.0
Benchmarking with external data
Accounting by Wave
Host Analytics
3.0

Integration

Accounting by Wave
Host Analytics
7.7
Flat file integration
Accounting by Wave
Host Analytics
7.5
Excel data integration
Accounting by Wave
Host Analytics
9.2
Direct links to 3rd-party data sources
Accounting by Wave
Host Analytics
6.5

Pros

  • The ease of use with Wave makes it a great tool. Someone without much accounting experience can jump in and use the software.
  • The reports features in Wave make looking at financial statements a breeze. In addition you can quickly drill down into expense categories to see all transactions of a certain type.
  • It is very easy to generate a sales invoice and see the average period for our company to get paid.
  • I love the Wave Invoice app where we can track invoices on the go and verify payment history.
Lukas Sundahl, MBA profile photo
  • Strong reporting capabilities. We like to view our financials in several different ways, and the reporting module is intuitive to get almost any thing we are looking for rather quickly.
  • The budget module allows you to document all of your assumptions, so there's no guesswork on what was used for a budget vs. a forecast.
  • User security can be determined in several stages, so everyone can see what they are supposed to see and nothing more!
Jarrod Lemon profile photo

Cons

  • Wave is owned by ADP and integrates well, but I'm less of a fan of ADP these days, so I'll need to work out how it'll work out with alternate payroll providers.
  • The app for Wave has some great functions, but the website has much more complete integration, where you can 'skip' sending an invoice if you're just using it to track invoices for retainer-based clients.
  • The receipt tracking app is separate from the accounting app, and could possibly be integrated better.
Carl Grivakis profile photo
  • The ability to delete more than one employee (in the same department) at a time within the HR module.
  • The ability for an admin user to create templates in a working scenario so you can see the impacts of formulas immediately. Right now you have to create a blank template in set-up mode, then move back to a working scenario to see if the formulas are what you expected. If not, you have to move back to set-up mode to adjust the formulas, then back to the working scenario to test again. Would be easier to make changes on the fly within a scenario.
  • When adjusting a template in a forecast scenario that has several months of actual data, if you copy that template back to the default scenario to use for future versions, the default template is missing any formulas in months that has been populated by actual data in the forecast template. If changes are made to a template for forecasting purposes, when that template is copied back to default - all months should have the forecast month formulas.
Karen Edwards, CPA 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
Host Analytics8.6
Based on 12 answers
We will renew. The system has lived up to its expectations. Although we want additional functionality (and they are working on it) we are 100 times better than we were on Excel.
Jean Dane 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
Host Analytics7.3
Based on 6 answers
It works for us!!
Michael Krolick 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
Host Analytics8.2
Based on 2 answers
No answer on this topic is available.

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
Host Analytics8.5
Based on 6 answers
We rarely have support issues but when we do, the support team at Host Analytics responds in a very timely manner. I've never felt out of the loop and have never had any issue with getting a problem resolved. Information is continually given as to the status of a case and what is being accomplished. Their customer support is very impressive.
Michael Krolick profile photo

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
Host Analytics9.1
Based on 5 answers
We now use a partner for any needs we have with Host Analytics. I would recommend using a partner as they are able to provide a wider area of expertise accross multiple platforms and solutions.
Michael Krolick 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
Host was able to provide everything that we were looking for in a cloud solution which is very important to our organization. We were not able to support an on-premise tool.
Michael Krolick 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
Host Analytics9.1
Based on 1 answer
No answer on this topic is available.

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

  • Helps keep boring cash accounting more orderly and professional. I could use spreadsheets, but why?
  • Saves money over other options, with a nice UI.
Geri Lynn Peak profile photo
  • Allowed Finance team to effectively scale as company rapidly scaled
  • Enabled better decision making due to timely, accurate data
No photo available

Screenshots

Accounting by Wave

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

Host Analytics

General
Free Trial
Free/Freemium Version
Premium Consulting/Integration Services
Yes
Entry-level set up fee?
No
Host Analytics Editions & Modules
Host Analytics
Edition
Corporate
1
Enterprise
1. Per User per Month
Modules
Host Analytics Planning
Host Analytics Consolidation
Host Analytics Modeling
Additional Pricing Details
http://www.hostanalytics.com/about/contact-us