What users are saying about

Accounting by Wave

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Top Rated
104 Ratings

Sage Intacct

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Top Rated
657 Ratings

Accounting by Wave

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Top Rated
104 Ratings
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Score 9.1 out of 101

Sage Intacct

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Top Rated
657 Ratings
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Score 8.4 out of 101

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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
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Sage Intacct

Reporting is leaps and bounds above Quickbooks. Additionally, having the segregation of duties and being able to define what each user is able to access is incredibly helpful.
Brian Goldrick profile photo

Feature Rating Comparison

Payroll Management

Accounting by Wave
7.9
Sage Intacct
7.0
Pay calculation
Accounting by Wave
8.3
Sage Intacct
7.0
Benefit plan administration
Accounting by Wave
7.5
Sage Intacct
6.4
Direct deposit files
Accounting by Wave
8.0
Sage Intacct
7.1
Salary revision and increment management
Accounting by Wave
7.7
Sage Intacct
6.9
Reimbursement management
Accounting by Wave
8.0
Sage Intacct
7.5

Customization

Accounting by Wave
8.9
Sage Intacct
8.1
API for custom integration
Accounting by Wave
8.8
Sage Intacct
8.2
Plug-ins
Accounting by Wave
8.9
Sage Intacct
8.0

Security

Accounting by Wave
8.5
Sage Intacct
8.2
Single sign-on capability
Accounting by Wave
9.1
Sage Intacct
8.1
Role-based user permissions
Accounting by Wave
8.0
Sage Intacct
8.4

Reporting & Analytics

Accounting by Wave
8.5
Sage Intacct
7.9
Dashboards
Accounting by Wave
8.4
Sage Intacct
7.9
Standard reports
Accounting by Wave
8.3
Sage Intacct
8.1
Custom reports
Accounting by Wave
8.6
Sage Intacct
7.6

General Ledger and Configurable Accounting

Accounting by Wave
8.3
Sage Intacct
7.6
Accounts payable
Accounting by Wave
8.6
Sage Intacct
8.1
Accounts receivable
Accounting by Wave
9.2
Sage Intacct
7.8
Cash management
Accounting by Wave
8.1
Sage Intacct
7.5
Bank reconciliation
Accounting by Wave
7.9
Sage Intacct
7.5
Expense management
Accounting by Wave
8.5
Sage Intacct
7.5
Time tracking
Accounting by Wave
7.5
Sage Intacct
7.2
Fixed asset management
Accounting by Wave
6.6
Sage Intacct
6.2
Multi-currency support
Accounting by Wave
8.3
Sage Intacct
6.6
Multi-division support
Accounting by Wave
7.4
Sage Intacct
7.7
Regulations compliance
Accounting by Wave
7.3
Sage Intacct
7.7
Electronic tax filing
Accounting by Wave
6.0
Sage Intacct
5.4
Self-service portal
Accounting by Wave
9.0
Sage Intacct
7.6
Global Financial Support
Accounting by Wave
9.0
Sage Intacct
7.4
Primary and Secondary Ledgers
Accounting by Wave
9.3
Sage Intacct
Intercompany Accounting
Accounting by Wave
8.6
Sage Intacct
7.9
Localizations
Accounting by Wave
9.5
Sage Intacct
Journals and Reconciliations
Accounting by Wave
8.2
Sage Intacct
8.1
Enterprise Accounting
Accounting by Wave
8.7
Sage Intacct
8.5
Configurable Accounting
Accounting by Wave
8.7
Sage Intacct
8.7
Centralized Rules Framework
Accounting by Wave
9.0
Sage Intacct
8.3
Standardized Processes
Accounting by Wave
8.0
Sage Intacct
8.3

Inventory Management

Accounting by Wave
8.9
Sage Intacct
6.1
Inventory tracking
Accounting by Wave
9.5
Sage Intacct
7.0
Automatic reordering
Accounting by Wave
8.0
Sage Intacct
5.5
Location management
Accounting by Wave
9.0
Sage Intacct
6.6
Manufacturing module
Accounting by Wave
9.0
Sage Intacct
5.2

Order Management

Accounting by Wave
8.0
Sage Intacct
7.3
Pricing
Accounting by Wave
8.3
Sage Intacct
7.5
Order entry
Accounting by Wave
8.4
Sage Intacct
8.1
Credit card processing
Accounting by Wave
9.1
Sage Intacct
7.2
Cost of goods sold
Accounting by Wave
8.8
Sage Intacct
6.3
Order Orchestration
Accounting by Wave
8.0
Sage Intacct
End-to-end order visibility
Accounting by Wave
5.2
Sage Intacct
7.5
Order exception Resolution
Accounting by Wave
8.0
Sage Intacct

Accounting Firm BPO Features

Accounting by Wave
8.0
Sage Intacct
7.8
Branded client dashboards
Accounting by Wave
8.0
Sage Intacct
8.3
Client data roll-up capabilities
Accounting by Wave
8.0
Sage Intacct
8.3
Client data consolidation for benchmarking
Accounting by Wave
7.5
Sage Intacct
7.0
Configurable alerts
Accounting by Wave
8.0
Sage Intacct
8.2
Billing bypass
Accounting by Wave
8.0
Sage Intacct
7.8
Client template cloning
Accounting by Wave
8.0
Sage Intacct
8.0
Single sign-on
Accounting by Wave
9.0
Sage Intacct
8.1
Configurable client onboarding questions
Accounting by Wave
8.0
Sage Intacct
7.0
Cross-client workflow management
Accounting by Wave
8.0
Sage Intacct
7.5
Industry-specific versioning
Accounting by Wave
8.0
Sage Intacct
7.7
Legacy system data migration
Accounting by Wave
8.0
Sage Intacct
8.3

Pros

  • tracks and categorizes financial transactions with a direct link to bank accounts and credit cards - helpful since there is no manual input outside of verifying that a category is correct
  • easily creates invoices without the need to input customer information more than once. you can also send directly from the platform and toggle the option to accept credit card and ACH payments
  • creates financial reports with ease
Kristy Nittskoff profile photo
  • Reporting - We are able to build custom reports that drive decisions from above.
  • Project driven expenses - We are able to see the spend on a project basis and break it down by department to further determine the extent of each department's impact on each project.
  • Separation of entities - We have three entities that roll up into one for reporting. We are able to review expenses for each specific entity and track them separately.
Brian Goldrick profile photo

Cons

  • connection to bank sometimes lags - you can refresh the connection but it takes a minute or two to update
  • sometimes invoices are categorized as sales versus consulting income - you really have to look and change it to the appropriate income account. once an invoice is recorded as paid, you can change the income account
  • Wave has a tendency of not accepting a saved password, forcing users to reset a password that is knowingly valid. Using Single Sign On eliminates this but it's still annoying.
Kristy Nittskoff profile photo
  • Cell phone app does not exist.
  • Additional modules (i.e. budgeting, interactive reporting) cost extra.
Konstantin Lomidze, 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
Sage Intacct8.7
Based on 56 answers
This system is always improving. They're never satisfied with the current product. Their customer service is also unmatched. Our account manager is always checking in to see how we're utilizing Sage Intacct and if our business needs are being met
Tyler Shockley 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
Sage Intacct8.4
Based on 16 answers
Ease of use and customization
Angela Foltz 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
Sage Intacct9.4
Based on 7 answers
Happy with my timesheets processing. Dont use it for anything else although !Thank you
Priya Sadasivam profile photo

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
Sage Intacct9.2
Based on 7 answers
Never ever have any problems.
Braam du Plooy profile photo

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
Sage Intacct8.9
Based on 12 answers
Support is knowledgeable and swift.
Braam du Plooy 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
Sage Intacct7.0
Based on 9 answers
The training is designed for implementing intacct as opposed to utilizing intacct. I think that both are necessary to learn, but wish there was continued training for using it once Intacct is in place for the users.
Stephanie Beaulieu, EA profile photo

Implementation

No score
No answers yet
No answers on this topic
Sage Intacct8.6
Based on 11 answers
Ensure to use a reputable party that has many years of experience
Braam du Plooy profile photo

Alternatives Considered

Jennifer Bauldic profile photo
Sage Intacct is superior than these systems. We reviewed them during RFP process and picked Sage Intaccts for its ease of use, cloud platform capabilities and ability to customize.
Konstantin Lomidze, CPA profile photo

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
Sage Intacct8.6
Based on 4 answers
We keep adding more specialized transaction processes with no problems
Braam du Plooy profile photo

Return on Investment

  • Being as it's free software to use I'd say implementing wave has been a positive return for the business.
  • Providing us the ability to process credit cards over the phone has increased our turn time to receive payments thus saving time overall which equates to $1,000's a year
Matthew Gehrman profile photo
  • Training took too long
Dina Attyeh profile photo

Pricing Details

Accounting by Wave

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

Accounting by Wave More Information

Sage Intacct

General
Free Trial
Yes
Free/Freemium Version
Premium Consulting/Integration Services
Yes
Entry-level set up fee?
Required
Additional Pricing Details

Sage Intacct More Information