What users are saying about

Accounting by Wave<a href='https://www.trustradius.com/static/about-trustradius-scoring' target='_blank' rel='nofollow'>Customer Verified: Read more.</a>

Top Rated
100 Ratings

Microsoft Dynamics 365<a href='https://www.trustradius.com/static/about-trustradius-scoring' target='_blank' rel='nofollow'>Customer Verified: Read more.</a>

Top Rated
426 Ratings

Accounting by Wave<a href='https://www.trustradius.com/static/about-trustradius-scoring' target='_blank' rel='nofollow'>Customer Verified: Read more.</a>

Top Rated
100 Ratings
<a href='https://www.trustradius.com/static/about-trustradius-scoring' target='_blank' rel='nofollow'>trScore algorithm: Learn more.</a>
Score 9.1 out of 101

Microsoft Dynamics 365<a href='https://www.trustradius.com/static/about-trustradius-scoring' target='_blank' rel='nofollow'>Customer Verified: Read more.</a>

Top Rated
426 Ratings
<a href='https://www.trustradius.com/static/about-trustradius-scoring' target='_blank' rel='nofollow'>trScore algorithm: Learn more.</a>
Score 7.1 out of 101

Add comparison

Likelihood to Recommend

Accounting by Wave

Wave is an excellent option for small start-up businesses since it's a free application, comparable to others like Xero & Quikbooks, and integrates with most major banks. Where I would see considering to move platforms is when you have more than 10 employees and multiple accounts to balance which at that point may be a good time to consult a book keeper and consider switching software if needed. Side note Wave offers a list of local bookkeeping professionals that work with Wave software in your area so you wouldn't have to change systems.
Matthew Gehrman profile photo

Microsoft Dynamics 365

It is a strong product but you need to consider if it is a good fit for your environment and business. If you have a lot of Microsoft products and staff with these skills, it will be a good fit
Reza Shirazi profile photo

Feature Rating Comparison

Payroll Management

Accounting by Wave
7.9
Microsoft Dynamics 365
Pay calculation
Accounting by Wave
8.4
Microsoft Dynamics 365
Benefit plan administration
Accounting by Wave
7.5
Microsoft Dynamics 365
Direct deposit files
Accounting by Wave
8.0
Microsoft Dynamics 365
Salary revision and increment management
Accounting by Wave
7.7
Microsoft Dynamics 365
Reimbursement management
Accounting by Wave
8.0
Microsoft Dynamics 365

Customization

Accounting by Wave
9.1
Microsoft Dynamics 365
8.1
API for custom integration
Accounting by Wave
8.9
Microsoft Dynamics 365
8.0
Plug-ins
Accounting by Wave
9.2
Microsoft Dynamics 365
Custom fields
Accounting by Wave
Microsoft Dynamics 365
8.2
Custom objects
Accounting by Wave
Microsoft Dynamics 365
8.3
Scripting environment
Accounting by Wave
Microsoft Dynamics 365
7.9

Security

Accounting by Wave
8.6
Microsoft Dynamics 365
8.0
Single sign-on capability
Accounting by Wave
9.0
Microsoft Dynamics 365
7.9
Role-based user permissions
Accounting by Wave
8.2
Microsoft Dynamics 365
8.2

Reporting & Analytics

Accounting by Wave
8.5
Microsoft Dynamics 365
Dashboards
Accounting by Wave
8.5
Microsoft Dynamics 365
Standard reports
Accounting by Wave
8.3
Microsoft Dynamics 365
Custom reports
Accounting by Wave
8.6
Microsoft Dynamics 365

General Ledger and Configurable Accounting

Accounting by Wave
8.3
Microsoft Dynamics 365
Accounts payable
Accounting by Wave
8.5
Microsoft Dynamics 365
Accounts receivable
Accounting by Wave
9.2
Microsoft Dynamics 365
Cash management
Accounting by Wave
8.2
Microsoft Dynamics 365
Bank reconciliation
Accounting by Wave
7.8
Microsoft Dynamics 365
Expense management
Accounting by Wave
8.6
Microsoft Dynamics 365
Time tracking
Accounting by Wave
7.3
Microsoft Dynamics 365
Fixed asset management
Accounting by Wave
6.2
Microsoft Dynamics 365
Multi-currency support
Accounting by Wave
8.5
Microsoft Dynamics 365
Multi-division support
Accounting by Wave
7.5
Microsoft Dynamics 365
Regulations compliance
Accounting by Wave
7.3
Microsoft Dynamics 365
Electronic tax filing
Accounting by Wave
6.0
Microsoft Dynamics 365
Self-service portal
Accounting by Wave
9.1
Microsoft Dynamics 365
Global Financial Support
Accounting by Wave
9.0
Microsoft Dynamics 365
Primary and Secondary Ledgers
Accounting by Wave
9.3
Microsoft Dynamics 365
Intercompany Accounting
Accounting by Wave
8.7
Microsoft Dynamics 365
Localizations
Accounting by Wave
9.5
Microsoft Dynamics 365
Journals and Reconciliations
Accounting by Wave
8.4
Microsoft Dynamics 365
Enterprise Accounting
Accounting by Wave
8.7
Microsoft Dynamics 365
Configurable Accounting
Accounting by Wave
8.5
Microsoft Dynamics 365
Centralized Rules Framework
Accounting by Wave
9.0
Microsoft Dynamics 365
Standardized Processes
Accounting by Wave
7.9
Microsoft Dynamics 365

Inventory Management

Accounting by Wave
8.9
Microsoft Dynamics 365
Inventory tracking
Accounting by Wave
9.5
Microsoft Dynamics 365
Automatic reordering
Accounting by Wave
8.0
Microsoft Dynamics 365
Location management
Accounting by Wave
9.0
Microsoft Dynamics 365
Manufacturing module
Accounting by Wave
9.0
Microsoft Dynamics 365

Order Management

Accounting by Wave
7.9
Microsoft Dynamics 365
Pricing
Accounting by Wave
8.3
Microsoft Dynamics 365
Order entry
Accounting by Wave
8.3
Microsoft Dynamics 365
Credit card processing
Accounting by Wave
9.1
Microsoft Dynamics 365
Cost of goods sold
Accounting by Wave
8.9
Microsoft Dynamics 365
Order Orchestration
Accounting by Wave
8.0
Microsoft Dynamics 365
End-to-end order visibility
Accounting by Wave
4.7
Microsoft Dynamics 365
Order exception Resolution
Accounting by Wave
8.0
Microsoft Dynamics 365

Accounting Firm BPO Features

Accounting by Wave
8.0
Microsoft Dynamics 365
Branded client dashboards
Accounting by Wave
8.0
Microsoft Dynamics 365
Client data roll-up capabilities
Accounting by Wave
8.0
Microsoft Dynamics 365
Client data consolidation for benchmarking
Accounting by Wave
7.5
Microsoft Dynamics 365
Configurable alerts
Accounting by Wave
8.0
Microsoft Dynamics 365
Billing bypass
Accounting by Wave
8.0
Microsoft Dynamics 365
Client template cloning
Accounting by Wave
8.0
Microsoft Dynamics 365
Single sign-on
Accounting by Wave
9.0
Microsoft Dynamics 365
Configurable client onboarding questions
Accounting by Wave
8.0
Microsoft Dynamics 365
Cross-client workflow management
Accounting by Wave
8.0
Microsoft Dynamics 365
Industry-specific versioning
Accounting by Wave
8.0
Microsoft Dynamics 365
Legacy system data migration
Accounting by Wave
8.0
Microsoft Dynamics 365

Sales Force Automation

Accounting by Wave
Microsoft Dynamics 365
7.6
Customer data management / contact management
Accounting by Wave
Microsoft Dynamics 365
7.5
Workflow management
Accounting by Wave
Microsoft Dynamics 365
7.8
Territory management
Accounting by Wave
Microsoft Dynamics 365
7.9
Opportunity management
Accounting by Wave
Microsoft Dynamics 365
7.9
Integration with email client (e.g., Outlook or Gmail)
Accounting by Wave
Microsoft Dynamics 365
7.3
Contract management
Accounting by Wave
Microsoft Dynamics 365
7.4
Quote & order management
Accounting by Wave
Microsoft Dynamics 365
7.0
Interaction tracking
Accounting by Wave
Microsoft Dynamics 365
8.0
Channel / partner relationship management
Accounting by Wave
Microsoft Dynamics 365
7.7

Customer Service & Support

Accounting by Wave
Microsoft Dynamics 365
7.4
Case management
Accounting by Wave
Microsoft Dynamics 365
7.8
Call center management
Accounting by Wave
Microsoft Dynamics 365
7.4
Help desk management
Accounting by Wave
Microsoft Dynamics 365
7.0

Marketing Automation

Accounting by Wave
Microsoft Dynamics 365
6.9
Lead management
Accounting by Wave
Microsoft Dynamics 365
7.0
Email marketing
Accounting by Wave
Microsoft Dynamics 365
6.9

CRM Project Management

Accounting by Wave
Microsoft Dynamics 365
7.1
Task management
Accounting by Wave
Microsoft Dynamics 365
7.7
Billing and invoicing management
Accounting by Wave
Microsoft Dynamics 365
7.2
Reporting
Accounting by Wave
Microsoft Dynamics 365
6.5

CRM Reporting & Analytics

Accounting by Wave
Microsoft Dynamics 365
7.2
Forecasting
Accounting by Wave
Microsoft Dynamics 365
6.7
Pipeline visualization
Accounting by Wave
Microsoft Dynamics 365
7.7
Customizable reports
Accounting by Wave
Microsoft Dynamics 365
7.1

Social CRM

Accounting by Wave
Microsoft Dynamics 365
7.4
Social data
Accounting by Wave
Microsoft Dynamics 365
7.2
Social engagement
Accounting by Wave
Microsoft Dynamics 365
7.5

Integrations with 3rd-party Software

Accounting by Wave
Microsoft Dynamics 365
7.5
Marketing automation
Accounting by Wave
Microsoft Dynamics 365
7.5
Compensation management
Accounting by Wave
Microsoft Dynamics 365
7.4

Platform

Accounting by Wave
Microsoft Dynamics 365
7.3
Mobile access
Accounting by Wave
Microsoft Dynamics 365
7.3

Pros

  • Wave is a wonderful integrated solution offering invoicing, bookkeeping, and cash flow analysis along with bank integration that auto updates.
  • Wave is a payment solution provider with an industry standard rate of 2.9ish% for credit card transactions and provides a good analysis for me as to when I typically get paid.
  • Wave pulls common data for me in building a customized branded invoice, allowing me to make the invoice process faster by adding repeat customers and listing my graphic design services.
Carl Grivakis profile photo
  • User Friendly for a call center platform.
  • Integration with Outlook helps tremendously.
  • Ability to customize views to your needs is a big plus.
No photo available

Cons

  • I've not run into anything as of yet I'd like to see improved or added
Torrey Holman profile photo
  • Ability for detailed reporting is still an issue to me.
  • Interface is not friendly when outlook is not used, which makes it difficult to use.
  • Checkpoints for errors need to be adjusted and more robust so the errors are minimized.
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
Microsoft Dynamics 3657.9
Based on 19 answers
Over all it is a great product for tracking the status of customers, sales and invoices. You can see how your sales guys are doing and compare against other sales people in different regions of the company.
Wendy Smith 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
Microsoft Dynamics 3658.0
Based on 5 answers
The interface is somewhat clunky and has lots of noise. Navigating around is not that simple and takes some getting used to. I think there are improvements to this in the 2013 version
Reza Shirazi 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
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
Microsoft Dynamics 36510.0
Based on 1 answer
Our partner, Ledgeview Partners has been FANTASTIC to work with. They are always timely in their response and have taken time to understand our business and our specific needs. We've made a lot of advanced customizations and they have been a great help in making those updates.
Todd Jankowski 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
Microsoft Dynamics 3657.5
Based on 2 answers
No answer on this topic is available.

Implementation

No score
No answers yet
No answers on this topic
Microsoft Dynamics 3659.2
Based on 4 answers
Highly recommended for any Sales Team that has 10 or more persons
Chris Farias profile photo

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
We are a Microsoft shop with a lot of Microsoft products. The key stakeholder in the business also had experience in working with Dynamics CRM in a prior job
Reza Shirazi profile photo

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

  • Increased staff efficiencies
  • Increased customer service
Randy O'Malley profile photo
  • Improved efficiency by integrating reporting through for account managers for analysis
  • Improved targeting
  • Improved customer service by providing better information within reach
Nagish Khan 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

Microsoft Dynamics 365

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