What users are saying about
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Top Rated
105 Ratings

Accounting by Wave

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Top Rated
105 Ratings
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Score 9.1 out of 101
3 Ratings
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Score 8 out of 101

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

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
8.2
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
8.8
Kepion Planning
API for custom integration
Accounting by Wave
8.7
Kepion Planning
Plug-ins
Accounting by Wave
8.8
Kepion Planning

Security

Accounting by Wave
8.5
Kepion Planning
Single sign-on capability
Accounting by Wave
9.1
Kepion Planning
Role-based user permissions
Accounting by Wave
7.9
Kepion Planning

Reporting & Analytics

Accounting by Wave
8.5
Kepion Planning
Dashboards
Accounting by Wave
8.5
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
8.3
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
8.1
Kepion Planning
Bank reconciliation
Accounting by Wave
7.9
Kepion Planning
Expense management
Accounting by Wave
8.5
Kepion Planning
Time tracking
Accounting by Wave
7.5
Kepion Planning
Fixed asset management
Accounting by Wave
6.8
Kepion Planning
Multi-currency support
Accounting by Wave
8.3
Kepion Planning
Multi-division support
Accounting by Wave
7.4
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
8.9
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
8.6
Kepion Planning
Localizations
Accounting by Wave
9.5
Kepion Planning
Journals and Reconciliations
Accounting by Wave
8.2
Kepion Planning
Enterprise Accounting
Accounting by Wave
8.7
Kepion Planning
Configurable Accounting
Accounting by Wave
8.7
Kepion Planning
Centralized Rules Framework
Accounting by Wave
9.0
Kepion Planning
Standardized Processes
Accounting by Wave
8.1
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
8.0
Kepion Planning
Pricing
Accounting by Wave
8.3
Kepion Planning
Order entry
Accounting by Wave
8.4
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
5.4
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
7.8
Long-term financial planning
Accounting by Wave
Kepion Planning
8.8
Financial budgeting
Accounting by Wave
Kepion Planning
8.2
Forecasting
Accounting by Wave
Kepion Planning
8.2
Scenario modeling
Accounting by Wave
Kepion Planning
7.9
Management reporting
Accounting by Wave
Kepion Planning
5.7

Consolidation and Close

Accounting by Wave
Kepion Planning
7.4
Financial data consolidation
Accounting by Wave
Kepion Planning
6.7
Journal entries and reports
Accounting by Wave
Kepion Planning
6.7
Multi-currency management
Accounting by Wave
Kepion Planning
8.5
Intercompany Eliminations
Accounting by Wave
Kepion Planning
7.3
Minority Ownership
Accounting by Wave
Kepion Planning
6.3
Local and consolidated reporting
Accounting by Wave
Kepion Planning
7.9
Detailed Audit Trails
Accounting by Wave
Kepion Planning
8.5

FInancial Reporting and Compliance

Accounting by Wave
Kepion Planning
6.9
Financial Statement Reporting
Accounting by Wave
Kepion Planning
7.3
Management Reporting
Accounting by Wave
Kepion Planning
5.7
Excel-based Reporting
Accounting by Wave
Kepion Planning
8.8
Automated board and financial reporting
Accounting by Wave
Kepion Planning
7.0
XBRL support for regulatory filing
Accounting by Wave
Kepion Planning
5.7

Analytics

Accounting by Wave
Kepion Planning
6.5
Personalized dashboards
Accounting by Wave
Kepion Planning
5.7
Color-coded scorecards
Accounting by Wave
Kepion Planning
6.1
KPIs
Accounting by Wave
Kepion Planning
6.1
Cost and profitability analysis
Accounting by Wave
Kepion Planning
8.2
Key Performance Indicator setting
Accounting by Wave
Kepion Planning
6.1
Benchmarking with external data
Accounting by Wave
Kepion Planning
6.7

Integration

Accounting by Wave
Kepion Planning
8.6
Flat file integration
Accounting by Wave
Kepion Planning
9.1
Excel data integration
Accounting by Wave
Kepion Planning
8.8
Direct links to 3rd-party data sources
Accounting by Wave
Kepion Planning
7.8

Pros

Accounting by Wave

  • Crisp, clean invoices, and I particularly like the ability to customize the invoice to fit our needs.
  • Custom reporting tools so we can slice & dice our data as needed.
  • Overall interface is incredibly easy to navigate through and you don't have to be a professional accountant or book keeper to make sense of everything.
  • Offering a recurring payment option, credit card processing, and ACH payment options with customer online payment options as well has made our life much easier with the repeat accounts we manage.
  • Adding customers profiles is simple and can be done right in the new invoice tool
  • Setting up vendors is quick and easy to associate to various payable/receivable accounts is simple.
Matthew Gehrman profile photo

Kepion Planning

  • 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

Accounting by Wave

  • 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

Kepion Planning

  • 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 Wave

Accounting by Wave 7.8
Based on 3 answers
Easy to use for clients with no accounting background and the price is right.
Jeanne Harris profile photo

Kepion Planning

No score
No answers yet
No answers on this topic

Usability

Accounting by Wave

Accounting by Wave 5.3
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

Kepion Planning

No score
No answers yet
No answers on this topic

Reliability and Availability

Accounting by Wave

Accounting by Wave 6.7
Based on 4 answers
WAVE is always available when we need it ! Peter
Peter Cullen profile photo

Kepion Planning

No score
No answers yet
No answers on this topic

Performance

Accounting by Wave

Accounting by Wave 2.9
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

Kepion Planning

No score
No answers yet
No answers on this topic

Support

Accounting by Wave

Accounting by Wave 9.0
Based on 1 answer
If they had live chat service then I'd rate this a 10.
Matthew Gehrman profile photo

Kepion Planning

No score
No answers yet
No answers on this topic

Online Training

Accounting by Wave

Accounting by Wave 4.7
Based on 3 answers
easy to use and east to train on ! Our WAVE clients enjoy the ease of use
Peter Cullen profile photo

Kepion Planning

No score
No answers yet
No answers on this topic

Alternatives Considered

Accounting by Wave

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

Kepion Planning

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

Scalability

Accounting by Wave

Accounting by Wave 3.0
Based on 2 answers
Once they out grow what is ability to move up to a more robust system?
Penny Breslin profile photo

Kepion Planning

No score
No answers yet
No answers on this topic

Return on Investment

Accounting by Wave

  • Wave has allowed me have a clear picture of my revenue and allowed me to make better business expense decisions.
  • Wave has saved me a lot of money because it is a free service. It saves me a lot of time because it automatically imports my bank transactions.
Melissa Whaley profile photo

Kepion Planning

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.

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