What users are saying about

Accounting by Wave

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Top Rated
102 Ratings

Accounting by Wave

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Top Rated
102 Ratings
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Score 9.1 out of 101
7 Ratings
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Score 5.9 out of 101

Add comparison

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

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
8.3
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
9.0
Infor SunSystems
8.0
API for custom integration
Accounting by Wave
8.9
Infor SunSystems
8.0
Plug-ins
Accounting by Wave
9.1
Infor SunSystems

Security

Accounting by Wave
8.6
Infor SunSystems
3.0
Single sign-on capability
Accounting by Wave
9.1
Infor SunSystems
1.0
Role-based user permissions
Accounting by Wave
8.1
Infor SunSystems
5.0

Reporting & Analytics

Accounting by Wave
8.4
Infor SunSystems
4.7
Dashboards
Accounting by Wave
8.4
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
8.6
Infor SunSystems
2.0
Accounts receivable
Accounting by Wave
9.2
Infor SunSystems
5.0
Cash management
Accounting by Wave
8.0
Infor SunSystems
7.0
Bank reconciliation
Accounting by Wave
7.8
Infor SunSystems
7.0
Expense management
Accounting by Wave
8.5
Infor SunSystems
Time tracking
Accounting by Wave
7.3
Infor SunSystems
Fixed asset management
Accounting by Wave
6.3
Infor SunSystems
Multi-currency support
Accounting by Wave
8.5
Infor SunSystems
Multi-division support
Accounting by Wave
7.5
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
9.0
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
8.1
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
8.0
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
8.8
Infor SunSystems
Order Orchestration
Accounting by Wave
8.0
Infor SunSystems
End-to-end order visibility
Accounting by Wave
4.8
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

  • 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
  • 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

  • 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
  • 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

Across the board Wave takes the cake on price at $0/mo aside from payroll fees and credit card processing. That aside I'd say most accounting systems are fairly similar, however what I like about Wave is just how simple the interface is and the outstanding customer support from both the community and the company.
Matthew Gehrman 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

  • 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
  • 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