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
111 Ratings
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Score 7.5 out of 101

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

Microsoft Dynamics AX

Microsoft Dynamics AX is well suited for a comprehensive ERP system for a small to mid-size organization. It is a solid, base core system with well-designed architecture. From the overview of the upgrade, it contains additional functionality and features. It may be less appropriate for very large, complex organizations. I would not recommend for use as a reporting and/or analysis software.
No photo available

Feature Rating Comparison

Payroll Management

Accounting by Wave
7.9
Microsoft Dynamics AX
7.8
Pay calculation
Accounting by Wave
8.2
Microsoft Dynamics AX
7.8
Benefit plan administration
Accounting by Wave
7.5
Microsoft Dynamics AX
7.7
Direct deposit files
Accounting by Wave
8.0
Microsoft Dynamics AX
8.0
Salary revision and increment management
Accounting by Wave
7.7
Microsoft Dynamics AX
8.1
Reimbursement management
Accounting by Wave
8.0
Microsoft Dynamics AX
7.5

Customization

Accounting by Wave
8.8
Microsoft Dynamics AX
7.9
API for custom integration
Accounting by Wave
8.7
Microsoft Dynamics AX
7.8
Plug-ins
Accounting by Wave
8.8
Microsoft Dynamics AX
8.0

Security

Accounting by Wave
8.5
Microsoft Dynamics AX
7.5
Single sign-on capability
Accounting by Wave
9.1
Microsoft Dynamics AX
8.1
Role-based user permissions
Accounting by Wave
7.9
Microsoft Dynamics AX
6.9

Reporting & Analytics

Accounting by Wave
8.5
Microsoft Dynamics AX
6.3
Dashboards
Accounting by Wave
8.5
Microsoft Dynamics AX
6.3
Standard reports
Accounting by Wave
8.3
Microsoft Dynamics AX
6.2
Custom reports
Accounting by Wave
8.6
Microsoft Dynamics AX
6.5

General Ledger and Configurable Accounting

Accounting by Wave
8.3
Microsoft Dynamics AX
7.7
Accounts payable
Accounting by Wave
8.6
Microsoft Dynamics AX
7.7
Accounts receivable
Accounting by Wave
9.2
Microsoft Dynamics AX
7.7
Cash management
Accounting by Wave
8.1
Microsoft Dynamics AX
Bank reconciliation
Accounting by Wave
7.9
Microsoft Dynamics AX
Expense management
Accounting by Wave
8.6
Microsoft Dynamics AX
Time tracking
Accounting by Wave
7.5
Microsoft Dynamics AX
Fixed asset management
Accounting by Wave
6.8
Microsoft Dynamics AX
Multi-currency support
Accounting by Wave
8.3
Microsoft Dynamics AX
Multi-division support
Accounting by Wave
7.4
Microsoft Dynamics AX
Regulations compliance
Accounting by Wave
7.3
Microsoft Dynamics AX
Electronic tax filing
Accounting by Wave
6.0
Microsoft Dynamics AX
Self-service portal
Accounting by Wave
8.9
Microsoft Dynamics AX
Global Financial Support
Accounting by Wave
9.0
Microsoft Dynamics AX
7.0
Primary and Secondary Ledgers
Accounting by Wave
9.3
Microsoft Dynamics AX
7.7
Intercompany Accounting
Accounting by Wave
8.6
Microsoft Dynamics AX
7.3
Localizations
Accounting by Wave
9.5
Microsoft Dynamics AX
7.8
Journals and Reconciliations
Accounting by Wave
8.2
Microsoft Dynamics AX
7.9
Enterprise Accounting
Accounting by Wave
8.7
Microsoft Dynamics AX
7.7
Configurable Accounting
Accounting by Wave
8.7
Microsoft Dynamics AX
7.6
Centralized Rules Framework
Accounting by Wave
9.0
Microsoft Dynamics AX
6.3
Standardized Processes
Accounting by Wave
8.1
Microsoft Dynamics AX
6.9

Inventory Management

Accounting by Wave
8.9
Microsoft Dynamics AX
7.2
Inventory tracking
Accounting by Wave
9.5
Microsoft Dynamics AX
7.9
Automatic reordering
Accounting by Wave
8.0
Microsoft Dynamics AX
7.5
Location management
Accounting by Wave
9.0
Microsoft Dynamics AX
7.2
Manufacturing module
Accounting by Wave
9.0
Microsoft Dynamics AX
6.1

Order Management

Accounting by Wave
8.0
Microsoft Dynamics AX
7.3
Pricing
Accounting by Wave
8.3
Microsoft Dynamics AX
7.7
Order entry
Accounting by Wave
8.4
Microsoft Dynamics AX
7.2
Credit card processing
Accounting by Wave
9.1
Microsoft Dynamics AX
7.0
Cost of goods sold
Accounting by Wave
8.8
Microsoft Dynamics AX
6.9
Order Orchestration
Accounting by Wave
8.0
Microsoft Dynamics AX
7.2
End-to-end order visibility
Accounting by Wave
5.5
Microsoft Dynamics AX
7.6
Order exception Resolution
Accounting by Wave
8.0
Microsoft Dynamics AX
7.2

Accounting Firm BPO Features

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

Subledger and Financial Process

Accounting by Wave
Microsoft Dynamics AX
7.3
Automated Invoice Processing
Accounting by Wave
Microsoft Dynamics AX
7.9
Shared Services Payments
Accounting by Wave
Microsoft Dynamics AX
6.8
Billings Management
Accounting by Wave
Microsoft Dynamics AX
7.5
Customer Receipt Applications
Accounting by Wave
Microsoft Dynamics AX
7.1
Customer Collections
Accounting by Wave
Microsoft Dynamics AX
7.5
Revenue Recognition
Accounting by Wave
Microsoft Dynamics AX
7.9
Cash Management
Accounting by Wave
Microsoft Dynamics AX
6.6
Asset Management
Accounting by Wave
Microsoft Dynamics AX
7.1
Travel & Expense Management
Accounting by Wave
Microsoft Dynamics AX
6.5
Budgetary Control & Encumbrance Accounting
Accounting by Wave
Microsoft Dynamics AX
6.2
Period Close
Accounting by Wave
Microsoft Dynamics AX
7.7
Transactions Tax
Accounting by Wave
Microsoft Dynamics AX
7.3
Subledger Reconciliations
Accounting by Wave
Microsoft Dynamics AX
7.9
3rd Party Accounting Systems
Accounting by Wave
Microsoft Dynamics AX
7.9

Project Financial Management

Accounting by Wave
Microsoft Dynamics AX
7.9
Budgeting and Forecasting
Accounting by Wave
Microsoft Dynamics AX
8.0
Project Costing
Accounting by Wave
Microsoft Dynamics AX
8.0
Cost Capture
Accounting by Wave
Microsoft Dynamics AX
8.6
Capital Project Management
Accounting by Wave
Microsoft Dynamics AX
6.7
Customer Invoicing
Accounting by Wave
Microsoft Dynamics AX
8.3
Customer Contract Compliance
Accounting by Wave
Microsoft Dynamics AX
7.5
Project Revenue Recognition
Accounting by Wave
Microsoft Dynamics AX
8.5
Project Financial Performance Analysis
Accounting by Wave
Microsoft Dynamics AX
8.5
Project Financials Dashboard
Accounting by Wave
Microsoft Dynamics AX
8.5
Real-time Financial Reporting
Accounting by Wave
Microsoft Dynamics AX
8.0
Embedded Business Intelligence
Accounting by Wave
Microsoft Dynamics AX
6.5
Project Planning Collaboration
Accounting by Wave
Microsoft Dynamics AX
7.5

Project Execution Management

Accounting by Wave
Microsoft Dynamics AX
6.5
Project Planning and Scheduling
Accounting by Wave
Microsoft Dynamics AX
7.8
Project Manager Dashboard
Accounting by Wave
Microsoft Dynamics AX
7.7
Resource Manager Dashboard
Accounting by Wave
Microsoft Dynamics AX
6.8
Task Insight for Project Managers
Accounting by Wave
Microsoft Dynamics AX
6.7
Project Manager Mobile Functionality
Accounting by Wave
Microsoft Dynamics AX
7.1
Team Member Task Collaboration
Accounting by Wave
Microsoft Dynamics AX
6.4
Team Member Mobile Functionality
Accounting by Wave
Microsoft Dynamics AX
6.3
Project Candidate Search
Accounting by Wave
Microsoft Dynamics AX
6.7
Project Candidate Comparison and Analysis
Accounting by Wave
Microsoft Dynamics AX
6.6
Defineable Resource Pools
Accounting by Wave
Microsoft Dynamics AX
5.7
Defineable Resource Pools
Accounting by Wave
Microsoft Dynamics AX
6.1
Talent Profiles
Accounting by Wave
Microsoft Dynamics AX
5.0
Real-Time Project Reporting
Accounting by Wave
Microsoft Dynamics AX
7.5
Absence Management
Accounting by Wave
Microsoft Dynamics AX
6.0
Product Lifecycle Management
Accounting by Wave
Microsoft Dynamics AX
5.0

Grants Management

Accounting by Wave
Microsoft Dynamics AX
7.8
Award Lifecycle Management
Accounting by Wave
Microsoft Dynamics AX
6.5
Spending Control
Accounting by Wave
Microsoft Dynamics AX
7.0
Indirect Cost Management
Accounting by Wave
Microsoft Dynamics AX
9.0
Billing
Accounting by Wave
Microsoft Dynamics AX
8.5

Procurement

Accounting by Wave
Microsoft Dynamics AX
6.6
Sourcing Team Collaboration
Accounting by Wave
Microsoft Dynamics AX
6.3
Sourcing Analysis
Accounting by Wave
Microsoft Dynamics AX
8.0
Bids Analyzed and Compared
Accounting by Wave
Microsoft Dynamics AX
5.6
Catalog Shopping E-Commerce for Employees
Accounting by Wave
Microsoft Dynamics AX
6.8
Contract Authoring
Accounting by Wave
Microsoft Dynamics AX
6.0
Contract Compliance Management
Accounting by Wave
Microsoft Dynamics AX
7.4
Contract History
Accounting by Wave
Microsoft Dynamics AX
5.7
Contract Renewal Automation
Accounting by Wave
Microsoft Dynamics AX
7.0
Contract Repository
Accounting by Wave
Microsoft Dynamics AX
3.7
Contract Standardization and Enforcement
Accounting by Wave
Microsoft Dynamics AX
6.4
Electronic Signatures
Accounting by Wave
Microsoft Dynamics AX
8.8
Invoice Automated Matching
Accounting by Wave
Microsoft Dynamics AX
8.0
Purchasing Risk and Compliance Management
Accounting by Wave
Microsoft Dynamics AX
7.3
Requisitions-to-Purchase Orders Integrated
Accounting by Wave
Microsoft Dynamics AX
6.9
Spend Compliance Management
Accounting by Wave
Microsoft Dynamics AX
6.0
Supplier Assessment
Accounting by Wave
Microsoft Dynamics AX
7.3
Supplier Communication and Collaboration
Accounting by Wave
Microsoft Dynamics AX
5.9
Supplier Management
Accounting by Wave
Microsoft Dynamics AX
7.3
Supplier Portal
Accounting by Wave
Microsoft Dynamics AX
4.6

Risk Management

Accounting by Wave
Microsoft Dynamics AX
7.6
Risk Repository
Accounting by Wave
Microsoft Dynamics AX
7.0
Control Management
Accounting by Wave
Microsoft Dynamics AX
8.0
Control Mapping
Accounting by Wave
Microsoft Dynamics AX
7.0
Control Efficiency Assessments
Accounting by Wave
Microsoft Dynamics AX
7.0
Automated Control Assessments
Accounting by Wave
Microsoft Dynamics AX
8.0
Assessment Capture
Accounting by Wave
Microsoft Dynamics AX
8.0
Issue Detection
Accounting by Wave
Microsoft Dynamics AX
8.0
Automatic Notification
Accounting by Wave
Microsoft Dynamics AX
7.0
Remediation and Certification
Accounting by Wave
Microsoft Dynamics AX
8.0

Logistics

Accounting by Wave
Microsoft Dynamics AX
6.2
Transportation Planning and Optimization
Accounting by Wave
Microsoft Dynamics AX
5.0
Transportation Sourcing Management
Accounting by Wave
Microsoft Dynamics AX
5.0
Transportation Process Integration
Accounting by Wave
Microsoft Dynamics AX
5.0
Transportation Execution Management
Accounting by Wave
Microsoft Dynamics AX
4.4
Freight Payment Automation
Accounting by Wave
Microsoft Dynamics AX
4.4
Trade Management
Accounting by Wave
Microsoft Dynamics AX
5.0
Trade Regulatory Compliance Management
Accounting by Wave
Microsoft Dynamics AX
7.6
Customs Entry Management
Accounting by Wave
Microsoft Dynamics AX
8.0
Customs Document Management
Accounting by Wave
Microsoft Dynamics AX
7.0
Customs Document Collaboration
Accounting by Wave
Microsoft Dynamics AX
8.0
Fulfillment Management
Accounting by Wave
Microsoft Dynamics AX
8.0
Inventory Visibility
Accounting by Wave
Microsoft Dynamics AX
7.8
Warehouse Workforce Management
Accounting by Wave
Microsoft Dynamics AX
4.6

Manufacturing

Accounting by Wave
Microsoft Dynamics AX
7.2
Production Process Design
Accounting by Wave
Microsoft Dynamics AX
7.0
Supply Chain Business Flows
Accounting by Wave
Microsoft Dynamics AX
7.0
Production Management
Accounting by Wave
Microsoft Dynamics AX
7.0
Contracted Manufacturing Management
Accounting by Wave
Microsoft Dynamics AX
6.5
Configuration Management
Accounting by Wave
Microsoft Dynamics AX
8.0
Work Definition
Accounting by Wave
Microsoft Dynamics AX
8.0
Work Execution
Accounting by Wave
Microsoft Dynamics AX
8.0
Advanced Fulfillment
Accounting by Wave
Microsoft Dynamics AX
6.0
Manufacturing Costs
Accounting by Wave
Microsoft Dynamics AX
7.0

Supply Chain

Accounting by Wave
Microsoft Dynamics AX
6.7
Forecasting
Accounting by Wave
Microsoft Dynamics AX
6.8
Inventory Planning
Accounting by Wave
Microsoft Dynamics AX
7.0
Multi-tier Supply Chain Planning
Accounting by Wave
Microsoft Dynamics AX
6.4
Performance Monitoring
Accounting by Wave
Microsoft Dynamics AX
6.6

Product Lifecycle Management

Accounting by Wave
Microsoft Dynamics AX
7.7
Ideation Management
Accounting by Wave
Microsoft Dynamics AX
4.5
Requirements Management
Accounting by Wave
Microsoft Dynamics AX
4.5
Proposal Management
Accounting by Wave
Microsoft Dynamics AX
8.0
Innovation Portfolio Management
Accounting by Wave
Microsoft Dynamics AX
10.0
Product Master Data Management
Accounting by Wave
Microsoft Dynamics AX
7.0
Vendor Portal
Accounting by Wave
Microsoft Dynamics AX
10.0
Project Portfolio Management
Accounting by Wave
Microsoft Dynamics AX
10.0

Pros

Accounting by Wave

  • The dashboard provides instant views of month-by month income & expenses for the past 12-24 months, a breakdown of current year expense by category, and net income for the past year and year-to-date.
  • Invoicing has easy templated set up has lots of per invoice options such as single/recurring payment options, due dates.
  • Year end reports are easy to generate in either pdf or csv format.
No photo available

Microsoft Dynamics AX

  • Work Flow
  • Order Entry
  • Invoicing
  • Shipping Logistics
  • Inventory Managment
Geomar Morales profile photo

Cons

Accounting by Wave

  • My biggest request is that they add a way to link invoice payments with the bank deposits . When a payment is made through Wave, they show the income and it is marked with the invoice number, but when they transfer the money into the bank, the credit is not tied to the invoice(s). You have to figure out by hand and delete the transaction from the bank to prevent getting double credit on it
  • It would be good to have a field for CC email on each customer. Currently you have to add any CC when sending.
  • On the Transactions view, a few more search options would be helpful.
No photo available

Microsoft Dynamics AX

  • Workflow setup is still not an out-of-the-box function in HR. Approvals are a key part of the business process in HR and this is a large effort to modify.
  • Separation of line level costs and revenue are still problematic. Configured lines do not have distribution capabilities.
  • We still do not see a release with a place to house product warranty information. A real miss a one the customer asks for.
  • The email template tool is limited to applicants and really should be leveraged for use across the system.
No photo available

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

Microsoft Dynamics AX

Microsoft Dynamics AX 8.0
Based on 4 answers
N/A. I am exclusively on the implementation side.
No photo available

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

Microsoft Dynamics AX

Microsoft Dynamics AX 9.0
Based on 1 answer
Dynamics AX MES is a good product, once deployed and stable, much easier to manage for the operationally than legacy systems.
No photo available

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

Microsoft Dynamics AX

Microsoft Dynamics AX 7.0
Based on 1 answer
Some integration and high volume ramping challenges, particularly with BizTalk and SQL Server, but getting sorted out. Outages over time appeared to be more dependent on integration complexity than AX MES.
No photo available

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

Microsoft Dynamics AX

Microsoft Dynamics AX 7.0
Based on 1 answer
Some integration and high volume ramping challenges, particularly with BizTalk and SQL Server, but getting sorted out. Outages over time appeared to be more dependent on integration complexity than AX MES.
No photo available

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

Microsoft Dynamics AX

Microsoft Dynamics AX 8.0
Based on 1 answer
Microsoft did a reasonably good job supporting the deployment efforts to multiple factories and ongoing stabilization. I don't think that MES was intended for the large enterprise volume and complexity levels our operations required.
No photo available

In-Person Training

Accounting by Wave

No score
No answers yet
No answers on this topic

Microsoft Dynamics AX

Microsoft Dynamics AX 9.0
Based on 1 answer
It took a lot of work, but Microsoft ultimately did a good job with in-person training, including being onsite in multiple global locations for extended periods.
No photo available

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

Microsoft Dynamics AX

Microsoft Dynamics AX 8.0
Based on 1 answer
Our solution deviated from a number of key out-of-the-box standards that were included in Online training. We just used that for introduction to the general functionality.
No photo available

Implementation

Accounting by Wave

No score
No answers yet
No answers on this topic

Microsoft Dynamics AX

Microsoft Dynamics AX 7.3
Based on 2 answers
Users in some cases were busy and not engaged, so those areas went slower. Configuration by the consultants was good, but at time complicated.
Jay Omdahl profile photo

Alternatives Considered

Accounting by Wave

Zoho has many modules that can be integrated, including CRM, but Wave is pretty much ready to use 5 minutes after signing up.
No photo available

Microsoft Dynamics AX

Oracle. Cost and mitigation of single platform risk, as we also use Oracle for Finance, Order Mgt, etc.
No photo available

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

Microsoft Dynamics AX

No score
No answers yet
No answers on this topic

Return on Investment

Accounting by Wave

  • Wave has enabled our accounts payable to maintain a 99% closure rate by leveraging auto reminders through the email system.
  • Our quote to invoice process is a single click, saving time and effort. Even minor changes during that transition occur simply and easily.
  • Aside from payments, Wave has been free for our usage. Our bottom line is better because we're not investing in software but instead embracing an entire ecosystem.
No photo available

Microsoft Dynamics AX

  • Over $150M in direct benefits, including eliminating the hard and human resource costs of supporting multiple non-standardized processes and software platforms across the globe.
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

Microsoft Dynamics AX

General

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

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