What users are saying about

Accounting by Wave

Top Rated
96 Ratings

Hubble

8 Ratings

Accounting by Wave

Top Rated
96 Ratings
Score 9 out of 101

Hubble

8 Ratings
Score 8.2 out of 101

Add comparison

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

Hubble

I like the real time aspect of the Hubble reporting. I can have checks run and then immediately go into Hubble and run a check backup report, import it to Excel and send off to people who need it right away. It's great to be able to have updated records at the touch of button.
No photo available

Feature Rating Comparison

Payroll Management

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

Customization

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

Security

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

Reporting & Analytics

Accounting by Wave
8.5
Hubble
Dashboards
Accounting by Wave
8.4
Hubble
Standard reports
Accounting by Wave
8.3
Hubble
Custom reports
Accounting by Wave
8.6
Hubble

General Ledger and Configurable Accounting

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

Inventory Management

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

Order Management

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

Accounting Firm BPO Features

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

Budgeting, Planning, and Forecasting

Accounting by Wave
Hubble
8.5
Long-term financial planning
Accounting by Wave
Hubble
8.0
Financial budgeting
Accounting by Wave
Hubble
8.1
Forecasting
Accounting by Wave
Hubble
9.0
Management reporting
Accounting by Wave
Hubble
9.0

Consolidation and Close

Accounting by Wave
Hubble
8.6
Financial data consolidation
Accounting by Wave
Hubble
9.0
Journal entries and reports
Accounting by Wave
Hubble
8.0
Multi-currency management
Accounting by Wave
Hubble
8.2
Intercompany Eliminations
Accounting by Wave
Hubble
9.1
Local and consolidated reporting
Accounting by Wave
Hubble
8.2
Detailed Audit Trails
Accounting by Wave
Hubble
9.0

FInancial Reporting and Compliance

Accounting by Wave
Hubble
8.5
Financial Statement Reporting
Accounting by Wave
Hubble
8.1
Management Reporting
Accounting by Wave
Hubble
8.7
Excel-based Reporting
Accounting by Wave
Hubble
8.9

Analytics

Accounting by Wave
Hubble
9.0
Personalized dashboards
Accounting by Wave
Hubble
9.0

Integration

Accounting by Wave
Hubble
8.9
Excel data integration
Accounting by Wave
Hubble
9.7
Direct links to 3rd-party data sources
Accounting by Wave
Hubble
8.0

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
  • We run some check backup reports that can be imported in Excel.
  • Invoice reports that are imported into Excel.
  • Aging reports that are imported into Excel.
No photo available

Cons

  • One area of improvement for Wave would be combining the various mobile applications into one app.
  • Another room for improvement would be on the dashboard level. It would be great if they could use more bar graphs and get away from pie charts for things like expenses.
  • Some of the other areas from improvement have been addressed by recent updates so I am excited to see what else Wave brings out.
Lukas Sundahl, MBA profile photo
  • I can't think of anything, this is a great product that keeps getting better.
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
Hubble9.1
Based on 1 answer
We have been using Hubble for almost 10 years and it has not let us down.
Greg Gall 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
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
I haven't used any other tools like Hubble.
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

  • Wave has been ROI positive for our company. With not having to pay for the service we can use our money for growing our business.
  • The fees on credit card transactions for invoices are reasonable especially as we don't pay a monthly subscription.
  • The invoicing feature has made our lives easier for us and our customers. The invoicing piece and AR tracking has been ROI positive as well.
Lukas Sundahl, MBA profile photo
  • Hubble helps us achieve our goals as a department and as a whole business.
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

Hubble

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