What users are saying about

Accounting by Wave

Top Rated
97 Ratings

Accounting by Wave

Top Rated
97 Ratings
Score 9.1 out of 101

Infor SunSystems

7 Ratings
Score 5.9 out of 101

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Likelihood to Recommend

Accounting by Wave

Wave is well suited for small businesses looking to have an accounting service that won't hinder profitability. Wave is a great service for a small business owner just starting out and is flexible enough to meet demands of larger businesses. Wave even offers a paid payroll service if needed for any business owner. The ease of use with Wave makes it perfect for non-accountants, and for accountants they have tools available that they are used to seeing with other accounting software.
Lukas Sundahl, MBA profile photo

Infor SunSystems

I would recommend, provided accounts payable will be running on their own system. SunSystems doesn't seem to work well for AP and/or purchasing.
No photo available

Feature Rating Comparison

Payroll Management

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

Customization

Accounting by Wave
9.1
Infor SunSystems
8.0
API for custom integration
Accounting by Wave
8.9
Infor SunSystems
8.0
Plug-ins
Accounting by Wave
9.2
Infor SunSystems

Security

Accounting by Wave
8.6
Infor SunSystems
3.0
Single sign-on capability
Accounting by Wave
9.0
Infor SunSystems
1.0
Role-based user permissions
Accounting by Wave
8.2
Infor SunSystems
5.0

Reporting & Analytics

Accounting by Wave
8.5
Infor SunSystems
4.7
Dashboards
Accounting by Wave
8.5
Infor SunSystems
2.0
Standard reports
Accounting by Wave
8.3
Infor SunSystems
8.0
Custom reports
Accounting by Wave
8.6
Infor SunSystems
4.0

General Ledger and Configurable Accounting

Accounting by Wave
8.2
Infor SunSystems
5.3
Accounts payable
Accounting by Wave
8.5
Infor SunSystems
2.0
Accounts receivable
Accounting by Wave
9.2
Infor SunSystems
5.0
Cash management
Accounting by Wave
8.2
Infor SunSystems
7.0
Bank reconciliation
Accounting by Wave
7.8
Infor SunSystems
7.0
Expense management
Accounting by Wave
8.6
Infor SunSystems
Time tracking
Accounting by Wave
7.3
Infor SunSystems
Fixed asset management
Accounting by Wave
6.2
Infor SunSystems
Multi-currency support
Accounting by Wave
8.6
Infor SunSystems
Multi-division support
Accounting by Wave
7.6
Infor SunSystems
Regulations compliance
Accounting by Wave
7.3
Infor SunSystems
Electronic tax filing
Accounting by Wave
6.0
Infor SunSystems
Self-service portal
Accounting by Wave
9.1
Infor SunSystems
Global Financial Support
Accounting by Wave
9.0
Infor SunSystems
Primary and Secondary Ledgers
Accounting by Wave
9.3
Infor SunSystems
Intercompany Accounting
Accounting by Wave
8.7
Infor SunSystems
Localizations
Accounting by Wave
9.5
Infor SunSystems
Journals and Reconciliations
Accounting by Wave
8.4
Infor SunSystems
Enterprise Accounting
Accounting by Wave
8.7
Infor SunSystems
Configurable Accounting
Accounting by Wave
8.5
Infor SunSystems
Centralized Rules Framework
Accounting by Wave
9.0
Infor SunSystems
Standardized Processes
Accounting by Wave
7.9
Infor SunSystems

Inventory Management

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

Order Management

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

Accounting Firm BPO Features

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

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
  • Integration options are very good. We are able to import data in a number of ways and extract data as well. The use of their built in API for data validation, extraction and entry is working very well for us.
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
  • Stability seems to be an issue. Installing patches almost always seem to fix some things and break others.
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 accounting does not have as many features as Quickbooks or Sage 50 but it holds it's own with the market it serves. I use Wave primarily for the payroll functionality and i have recommended that clients who use Sage 50 or Quickbooks use Wave for it's payroll. The importing of the bank transactions is also a great feature but the other competitors have caught up to Wave on this feature. Overall it is a great tool, but only for the right type of client.
Randy O'Malley profile photo
More functionality, better integrations, better reporting.
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
  • Better financial reporting
  • Better Integration Options
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

Infor SunSystems

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