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
37 Ratings
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Score 7.3 out of 101

Add comparison

Likelihood to Recommend

Accounting by Wave

Making a recommendation is always very specific to the situation. In general, I urge my colleagues to learn and use Wave Accounting as it is a terrific tool and it is easy to introduce to existing "shoebox" clients. For individuals looking for a better way to manage their invoicing and expenses, we engage in a fairly detailed discussion that captures today's needs as well as considering the future before confirming that Wave is right solution for them. Wave is very well suited to the self-employed and service oriented small businesses. The ease of creating and sending invoices is matched by the Merchant tool that helps these individuals get paid faster. Incorporated companies should carefully consider the needs of their business before selecting an accounting software. Wave is not designed for manufacturing, complex payroll systems or companies requiring inventory tracking
Jennifer Bauldic profile photo

Oracle JD Edwards World

The payables module is great, easy access to what we owe and what we have paid to vendors. The flipside to this is the amount of invoices we have on certain accounts that we can't always access. The financial reports come out nicely and are easy to view, the easy accessibility to our users country-wide is nice.
Mike Duncan profile photo

Feature Rating Comparison

Payroll Management

Accounting by Wave
7.9
Oracle JD Edwards World
10.0
Pay calculation
Accounting by Wave
8.3
Oracle JD Edwards World
10.0
Benefit plan administration
Accounting by Wave
7.5
Oracle JD Edwards World
10.0
Direct deposit files
Accounting by Wave
8.0
Oracle JD Edwards World
Salary revision and increment management
Accounting by Wave
7.7
Oracle JD Edwards World
Reimbursement management
Accounting by Wave
8.0
Oracle JD Edwards World

Customization

Accounting by Wave
9.0
Oracle JD Edwards World
API for custom integration
Accounting by Wave
8.9
Oracle JD Edwards World
Plug-ins
Accounting by Wave
9.1
Oracle JD Edwards World

Security

Accounting by Wave
8.6
Oracle JD Edwards World
9.4
Single sign-on capability
Accounting by Wave
9.1
Oracle JD Edwards World
9.4
Role-based user permissions
Accounting by Wave
8.1
Oracle JD Edwards World
9.4

Reporting & Analytics

Accounting by Wave
8.4
Oracle JD Edwards World
9.5
Dashboards
Accounting by Wave
8.4
Oracle JD Edwards World
Standard reports
Accounting by Wave
8.3
Oracle JD Edwards World
10.0
Custom reports
Accounting by Wave
8.6
Oracle JD Edwards World
9.0

General Ledger and Configurable Accounting

Accounting by Wave
8.2
Oracle JD Edwards World
9.6
Accounts payable
Accounting by Wave
8.6
Oracle JD Edwards World
9.4
Accounts receivable
Accounting by Wave
9.2
Oracle JD Edwards World
10.0
Cash management
Accounting by Wave
8.0
Oracle JD Edwards World
Bank reconciliation
Accounting by Wave
7.8
Oracle JD Edwards World
Expense management
Accounting by Wave
8.5
Oracle JD Edwards World
Time tracking
Accounting by Wave
7.3
Oracle JD Edwards World
Fixed asset management
Accounting by Wave
6.3
Oracle JD Edwards World
Multi-currency support
Accounting by Wave
8.5
Oracle JD Edwards World
Multi-division support
Accounting by Wave
7.5
Oracle JD Edwards World
Regulations compliance
Accounting by Wave
7.3
Oracle JD Edwards World
Electronic tax filing
Accounting by Wave
6.0
Oracle JD Edwards World
Self-service portal
Accounting by Wave
9.0
Oracle JD Edwards World
Global Financial Support
Accounting by Wave
9.0
Oracle JD Edwards World
9.0
Primary and Secondary Ledgers
Accounting by Wave
9.3
Oracle JD Edwards World
10.0
Intercompany Accounting
Accounting by Wave
8.7
Oracle JD Edwards World
9.0
Localizations
Accounting by Wave
9.5
Oracle JD Edwards World
10.0
Journals and Reconciliations
Accounting by Wave
8.1
Oracle JD Edwards World
9.0
Enterprise Accounting
Accounting by Wave
8.7
Oracle JD Edwards World
Configurable Accounting
Accounting by Wave
8.5
Oracle JD Edwards World
Centralized Rules Framework
Accounting by Wave
9.0
Oracle JD Edwards World
Standardized Processes
Accounting by Wave
8.0
Oracle JD Edwards World
10.0

Inventory Management

Accounting by Wave
8.9
Oracle JD Edwards World
10.0
Inventory tracking
Accounting by Wave
9.5
Oracle JD Edwards World
10.0
Automatic reordering
Accounting by Wave
8.0
Oracle JD Edwards World
Location management
Accounting by Wave
9.0
Oracle JD Edwards World
Manufacturing module
Accounting by Wave
9.0
Oracle JD Edwards World

Order Management

Accounting by Wave
7.9
Oracle JD Edwards World
10.0
Pricing
Accounting by Wave
8.3
Oracle JD Edwards World
10.0
Order entry
Accounting by Wave
8.3
Oracle JD Edwards World
10.0
Credit card processing
Accounting by Wave
9.1
Oracle JD Edwards World
Cost of goods sold
Accounting by Wave
8.8
Oracle JD Edwards World
Order Orchestration
Accounting by Wave
8.0
Oracle JD Edwards World
End-to-end order visibility
Accounting by Wave
4.8
Oracle JD Edwards World
Order exception Resolution
Accounting by Wave
8.0
Oracle JD Edwards World

Accounting Firm BPO Features

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

Subledger and Financial Process

Accounting by Wave
Oracle JD Edwards World
9.4
Automated Invoice Processing
Accounting by Wave
Oracle JD Edwards World
9.4
Cash Management
Accounting by Wave
Oracle JD Edwards World
9.4
Asset Management
Accounting by Wave
Oracle JD Edwards World
9.0
Travel & Expense Management
Accounting by Wave
Oracle JD Edwards World
9.0
Period Close
Accounting by Wave
Oracle JD Edwards World
10.0

Pros

  • For starters, it's free! And every new business needs to be cost-conscious in order to successfully navigate the start-up phase and get into the Revenue Phase.
  • The bank and credit card feeds are tremendously helpful to the non-accountant. Data entry in the bookkeeping industry is being replaced by these automatic transaction feeds. This helps a great deal in ensuring both accuracy and completeness of the bookkeeping records.
  • Wave stays with you to help you grow. They offer a (paid) payroll module which allows the business owner to handle basic payroll needs without becoming an expert. Of course, we always recommend consulting a professional to confirm compliance - both legal and regulatory.
Jennifer Bauldic profile photo
  • The payables module is great, easy access to what we have paid and what we need to pay.
  • We can do all of our financial statements, it helps get our P7L's out in timely matter each month.
  • The easy integration with our image system, makes it accesilble for users to click on invoice numbers in JDE and get an image of that invoice.
Mike Duncan profile photo

Cons

  • I would like to see the bank reconciliation module fleshed out. There is a basic version but no reconciling screen.
  • Their is an optical character recognition app called "Receipts by Wave" that try as I might, I just can't seem to get it to work. Some further development there would be nice.
Michele Craig CPA,CMA profile photo
  • One issue is the number of records I can access, wish it was more
  • We have large vendors with thousands of invoices, and I can't always get to them due to size.
  • Sometimes hard to change reports.
Mike Duncan 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

I was using Billings Pro, and On the Job. I did trials of Due and Sighted. But I didn't like the UI and features of those 2. After testing out Wave, I liked the features, UI, and customization better than the other options. Wave is much easier, and the user interface is very straightforward and simple to use.
No photo available
No other products.
Mike Duncan 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

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

  • It helps me keep past due invoices organized, and easily send reminders to clients who haven't paid yet.
Lindsay Frey profile photo
  • Easy way to pay our vendors.
  • Easy process for closing periods.
  • Nice financial reporting.
Mike Duncan 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

Oracle JD Edwards World

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