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
2 Ratings
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Score 8.6 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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Kepion Planning

The solution works extremely well for companies in complicated operations or with the ambition to forecast their operations on a driver based way or wanting to have the ability to create different scenarios based on external or internal drivers. It is a perfect piece of an existing analytical infrastructure (DWH/BI) lacking a planning solution on top.
Sindri Sigurjonsson profile photo

Feature Rating Comparison

Payroll Management

Accounting by Wave
7.9
Kepion Planning
Pay calculation
Accounting by Wave
8.3
Kepion Planning
Benefit plan administration
Accounting by Wave
7.5
Kepion Planning
Direct deposit files
Accounting by Wave
8.0
Kepion Planning
Salary revision and increment management
Accounting by Wave
7.7
Kepion Planning
Reimbursement management
Accounting by Wave
8.0
Kepion Planning

Customization

Accounting by Wave
9.0
Kepion Planning
API for custom integration
Accounting by Wave
8.9
Kepion Planning
Plug-ins
Accounting by Wave
9.1
Kepion Planning

Security

Accounting by Wave
8.6
Kepion Planning
Single sign-on capability
Accounting by Wave
9.1
Kepion Planning
Role-based user permissions
Accounting by Wave
8.1
Kepion Planning

Reporting & Analytics

Accounting by Wave
8.4
Kepion Planning
Dashboards
Accounting by Wave
8.4
Kepion Planning
Standard reports
Accounting by Wave
8.3
Kepion Planning
Custom reports
Accounting by Wave
8.6
Kepion Planning

General Ledger and Configurable Accounting

Accounting by Wave
8.2
Kepion Planning
Accounts payable
Accounting by Wave
8.6
Kepion Planning
Accounts receivable
Accounting by Wave
9.2
Kepion Planning
Cash management
Accounting by Wave
8.0
Kepion Planning
Bank reconciliation
Accounting by Wave
7.8
Kepion Planning
Expense management
Accounting by Wave
8.5
Kepion Planning
Time tracking
Accounting by Wave
7.3
Kepion Planning
Fixed asset management
Accounting by Wave
6.3
Kepion Planning
Multi-currency support
Accounting by Wave
8.5
Kepion Planning
Multi-division support
Accounting by Wave
7.5
Kepion Planning
Regulations compliance
Accounting by Wave
7.3
Kepion Planning
Electronic tax filing
Accounting by Wave
6.0
Kepion Planning
Self-service portal
Accounting by Wave
9.0
Kepion Planning
Global Financial Support
Accounting by Wave
9.0
Kepion Planning
Primary and Secondary Ledgers
Accounting by Wave
9.3
Kepion Planning
Intercompany Accounting
Accounting by Wave
8.7
Kepion Planning
Localizations
Accounting by Wave
9.5
Kepion Planning
Journals and Reconciliations
Accounting by Wave
8.1
Kepion Planning
Enterprise Accounting
Accounting by Wave
8.7
Kepion Planning
Configurable Accounting
Accounting by Wave
8.5
Kepion Planning
Centralized Rules Framework
Accounting by Wave
9.0
Kepion Planning
Standardized Processes
Accounting by Wave
8.0
Kepion Planning

Inventory Management

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

Order Management

Accounting by Wave
7.9
Kepion Planning
Pricing
Accounting by Wave
8.3
Kepion Planning
Order entry
Accounting by Wave
8.3
Kepion Planning
Credit card processing
Accounting by Wave
9.1
Kepion Planning
Cost of goods sold
Accounting by Wave
8.8
Kepion Planning
Order Orchestration
Accounting by Wave
8.0
Kepion Planning
End-to-end order visibility
Accounting by Wave
4.8
Kepion Planning
Order exception Resolution
Accounting by Wave
8.0
Kepion Planning

Accounting Firm BPO Features

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

Budgeting, Planning, and Forecasting

Accounting by Wave
Kepion Planning
7.7
Long-term financial planning
Accounting by Wave
Kepion Planning
8.7
Financial budgeting
Accounting by Wave
Kepion Planning
8.2
Forecasting
Accounting by Wave
Kepion Planning
8.2
Scenario modeling
Accounting by Wave
Kepion Planning
7.8
Management reporting
Accounting by Wave
Kepion Planning
5.6

Consolidation and Close

Accounting by Wave
Kepion Planning
7.4
Financial data consolidation
Accounting by Wave
Kepion Planning
6.8
Journal entries and reports
Accounting by Wave
Kepion Planning
6.8
Multi-currency management
Accounting by Wave
Kepion Planning
8.3
Intercompany Eliminations
Accounting by Wave
Kepion Planning
7.3
Minority Ownership
Accounting by Wave
Kepion Planning
6.1
Local and consolidated reporting
Accounting by Wave
Kepion Planning
7.8
Detailed Audit Trails
Accounting by Wave
Kepion Planning
8.6

FInancial Reporting and Compliance

Accounting by Wave
Kepion Planning
6.9
Financial Statement Reporting
Accounting by Wave
Kepion Planning
7.6
Management Reporting
Accounting by Wave
Kepion Planning
5.6
Excel-based Reporting
Accounting by Wave
Kepion Planning
8.7
Automated board and financial reporting
Accounting by Wave
Kepion Planning
6.9
XBRL support for regulatory filing
Accounting by Wave
Kepion Planning
5.6

Analytics

Accounting by Wave
Kepion Planning
6.4
Personalized dashboards
Accounting by Wave
Kepion Planning
5.6
Color-coded scorecards
Accounting by Wave
Kepion Planning
6.0
KPIs
Accounting by Wave
Kepion Planning
6.0
Cost and profitability analysis
Accounting by Wave
Kepion Planning
8.2
Key Performance Indicator setting
Accounting by Wave
Kepion Planning
6.0
Benchmarking with external data
Accounting by Wave
Kepion Planning
6.8

Integration

Accounting by Wave
Kepion Planning
8.4
Flat file integration
Accounting by Wave
Kepion Planning
9.1
Excel data integration
Accounting by Wave
Kepion Planning
8.7
Direct links to 3rd-party data sources
Accounting by Wave
Kepion Planning
7.5

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
  • Customizable platform: Enables its users to handle just about any kind of budgeting scenarios tailored to each customer needs, whether based on drivers, allocations integrations with other systems (such as S&OP processes).
  • Easy integration with other systems: As data is stored within an MS SQL database it is very easy to integrate other applications with it for reporting, such as Tableau or PowerBI or from other downline systems such as S&OP.
  • Real-time: Enables the possibility to calculate bottom line results for all applications immediately allowing the possibility to calculate easily what-if scenarios.
  • Not stuck: within a single way of budgeting. as part of the beyond budgeting movement, companies have been creating a more driver-based high-level forecasting which is often a problem with specific budgeting systems that are locked within the P&L statement. Here you can make it as simple or as complicated as needed.
Sindri Sigurjonsson 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
  • Silverlight functionality is outdated which makes the front end solution a little bit old compared to latest UI. They will be tackling it in Q2 2018, but it leaves users wanting for more.
  • Reporting functionalities: Are not state of the art, we recommend users creating official reports within Kepion, but focusing on Tableau or PowerBI for reporting purposes as this is not and will never be Kepion strengths compared to the likes of Tableau.
  • Being customizable is great, however, the solution is not an out-of-the-box solution and does require a little integration to work. For smaller companies (under 5M USD) I would still recommend Excel.
Sindri Sigurjonsson 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
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 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
We are a Microsoft gold analytics partner. As such, we were looking for a Microsoft friendly solution which would fit into our analytics stack with Tableau on top. Kepion is a lightweight easy to use solution which integrates perfectly with the Microsoft framework. It is much easier to use and intuitive than the heavy Cognos and SAP/BO systems. However, if my existing infrastructure is Cognos, SAP or Oracle I would consider using that technology. For Microsoft SQL companies this is a great choice.
Sindri Sigurjonsson profile photo

Rating for Public Practice CPAs

Accounting by Wave8.0
Based on 8 answers
I think this is a good product; however it does fall short of its competitors in several areas.
Andrew Wall, CPA, CMA profile photo
No score
No answers yet
No answers on this topic

Collaboration and Sharing

No score
No answers yet
No answers on this topic
Kepion Planning8.2
Based on 2 answers
Uses the MS SSAS security functionalities to control access to who does what and then has a second layer with dashboards. It works very well in doing this with both AD and Azure capabilities for connections
Sindri Sigurjonsson profile photo

Data Integration

No score
No answers yet
No answers on this topic
Kepion Planning8.7
Based on 2 answers
As Kepion uses a Microsoft SQL Server it's very easy to integrate other tools into it. You can paste from Excel or import CSV manually. It is perfect to read data in or export data from the tool.
Sindri Sigurjonsson 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
No score
No answers yet
No answers on this topic

Return on Investment

  • Wave has removed several of the stresses of running my own business and helped me collect payment from a variety of local and national clients in one easy space.
  • Wave has helped give me eyes in on how my money has been allocated, and how the business expenses have been tracked.
  • Wave is a good self-service tool, that can do much of the work Quickbooks does for others, but as a free solution provider.
Carl Grivakis profile photo
No answers on this topic

Screenshots

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

Kepion Planning

General
Free Trial
Yes
Free/Freemium Version
Yes
Premium Consulting/Integration Services
Yes
Entry-level set up fee?
Required
Kepion Planning Editions & Modules
Kepion Planning
On-premise Edition
On premise Install
$01
1. Contact Us
SaaS Edition
Cloud Planning
$01
1. Contact Us
Additional Pricing Details
Please contact us at sales@kepion.com for more details.