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
75 Ratings
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Score 7.2 out of 101

Add comparison

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

Oracle JD Edwards EnterpriseOne

Unfortunately, sometimes I feel like JDE is turning out to just be a big database housing all the data since we have so many other bolt-on applications that are completing the jobs for us. For instance, we have ReportsNow for the reporting ease of use, Tidal Enterprise Scheduler to run the JDE batch jobs, DSI for the scanning and label printing in our warehouses, Create!Form to make our documents pretty, Viziya for our maintenance tracking, and a separate EDI product.
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Feature Rating Comparison

Payroll Management

Accounting by Wave
7.9
Oracle JD Edwards EnterpriseOne
8.8
Pay calculation
Accounting by Wave
8.3
Oracle JD Edwards EnterpriseOne
8.3
Benefit plan administration
Accounting by Wave
7.5
Oracle JD Edwards EnterpriseOne
9.2
Direct deposit files
Accounting by Wave
8.0
Oracle JD Edwards EnterpriseOne
8.6
Salary revision and increment management
Accounting by Wave
7.7
Oracle JD Edwards EnterpriseOne
9.2
Reimbursement management
Accounting by Wave
8.0
Oracle JD Edwards EnterpriseOne
8.6

Customization

Accounting by Wave
9.0
Oracle JD Edwards EnterpriseOne
7.9
API for custom integration
Accounting by Wave
8.9
Oracle JD Edwards EnterpriseOne
8.2
Plug-ins
Accounting by Wave
9.1
Oracle JD Edwards EnterpriseOne
7.6

Security

Accounting by Wave
8.6
Oracle JD Edwards EnterpriseOne
7.1
Single sign-on capability
Accounting by Wave
9.1
Oracle JD Edwards EnterpriseOne
7.5
Role-based user permissions
Accounting by Wave
8.1
Oracle JD Edwards EnterpriseOne
6.8

Reporting & Analytics

Accounting by Wave
8.4
Oracle JD Edwards EnterpriseOne
7.9
Dashboards
Accounting by Wave
8.4
Oracle JD Edwards EnterpriseOne
8.6
Standard reports
Accounting by Wave
8.3
Oracle JD Edwards EnterpriseOne
6.8
Custom reports
Accounting by Wave
8.6
Oracle JD Edwards EnterpriseOne
8.3

General Ledger and Configurable Accounting

Accounting by Wave
8.2
Oracle JD Edwards EnterpriseOne
7.6
Accounts payable
Accounting by Wave
8.6
Oracle JD Edwards EnterpriseOne
8.2
Accounts receivable
Accounting by Wave
9.2
Oracle JD Edwards EnterpriseOne
8.0
Cash management
Accounting by Wave
8.0
Oracle JD Edwards EnterpriseOne
Bank reconciliation
Accounting by Wave
7.8
Oracle JD Edwards EnterpriseOne
Expense management
Accounting by Wave
8.5
Oracle JD Edwards EnterpriseOne
Time tracking
Accounting by Wave
7.3
Oracle JD Edwards EnterpriseOne
Fixed asset management
Accounting by Wave
6.3
Oracle JD Edwards EnterpriseOne
Multi-currency support
Accounting by Wave
8.5
Oracle JD Edwards EnterpriseOne
Multi-division support
Accounting by Wave
7.5
Oracle JD Edwards EnterpriseOne
Regulations compliance
Accounting by Wave
7.3
Oracle JD Edwards EnterpriseOne
Electronic tax filing
Accounting by Wave
6.0
Oracle JD Edwards EnterpriseOne
Self-service portal
Accounting by Wave
9.0
Oracle JD Edwards EnterpriseOne
Global Financial Support
Accounting by Wave
9.0
Oracle JD Edwards EnterpriseOne
7.6
Primary and Secondary Ledgers
Accounting by Wave
9.3
Oracle JD Edwards EnterpriseOne
8.5
Intercompany Accounting
Accounting by Wave
8.7
Oracle JD Edwards EnterpriseOne
8.5
Localizations
Accounting by Wave
9.5
Oracle JD Edwards EnterpriseOne
7.0
Journals and Reconciliations
Accounting by Wave
8.1
Oracle JD Edwards EnterpriseOne
8.4
Enterprise Accounting
Accounting by Wave
8.7
Oracle JD Edwards EnterpriseOne
8.7
Configurable Accounting
Accounting by Wave
8.5
Oracle JD Edwards EnterpriseOne
8.1
Centralized Rules Framework
Accounting by Wave
9.0
Oracle JD Edwards EnterpriseOne
8.4
Standardized Processes
Accounting by Wave
8.0
Oracle JD Edwards EnterpriseOne
8.5

Inventory Management

Accounting by Wave
8.9
Oracle JD Edwards EnterpriseOne
8.0
Inventory tracking
Accounting by Wave
9.5
Oracle JD Edwards EnterpriseOne
8.2
Automatic reordering
Accounting by Wave
8.0
Oracle JD Edwards EnterpriseOne
7.7
Location management
Accounting by Wave
9.0
Oracle JD Edwards EnterpriseOne
8.0
Manufacturing module
Accounting by Wave
9.0
Oracle JD Edwards EnterpriseOne
8.2

Order Management

Accounting by Wave
7.9
Oracle JD Edwards EnterpriseOne
7.5
Pricing
Accounting by Wave
8.3
Oracle JD Edwards EnterpriseOne
8.1
Order entry
Accounting by Wave
8.3
Oracle JD Edwards EnterpriseOne
7.8
Credit card processing
Accounting by Wave
9.1
Oracle JD Edwards EnterpriseOne
5.5
Cost of goods sold
Accounting by Wave
8.8
Oracle JD Edwards EnterpriseOne
6.8
Order Orchestration
Accounting by Wave
8.0
Oracle JD Edwards EnterpriseOne
7.5
End-to-end order visibility
Accounting by Wave
4.8
Oracle JD Edwards EnterpriseOne
7.8
Order exception Resolution
Accounting by Wave
8.0
Oracle JD Edwards EnterpriseOne
8.6

Accounting Firm BPO Features

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

Subledger and Financial Process

Accounting by Wave
Oracle JD Edwards EnterpriseOne
8.1
Automated Invoice Processing
Accounting by Wave
Oracle JD Edwards EnterpriseOne
7.2
Shared Services Payments
Accounting by Wave
Oracle JD Edwards EnterpriseOne
7.4
Billings Management
Accounting by Wave
Oracle JD Edwards EnterpriseOne
8.9
Customer Receipt Applications
Accounting by Wave
Oracle JD Edwards EnterpriseOne
7.2
Customer Collections
Accounting by Wave
Oracle JD Edwards EnterpriseOne
7.3
Revenue Recognition
Accounting by Wave
Oracle JD Edwards EnterpriseOne
8.9
Cash Management
Accounting by Wave
Oracle JD Edwards EnterpriseOne
8.4
Asset Management
Accounting by Wave
Oracle JD Edwards EnterpriseOne
8.1
Travel & Expense Management
Accounting by Wave
Oracle JD Edwards EnterpriseOne
8.8
Budgetary Control & Encumbrance Accounting
Accounting by Wave
Oracle JD Edwards EnterpriseOne
9.0
Period Close
Accounting by Wave
Oracle JD Edwards EnterpriseOne
8.4
Transactions Tax
Accounting by Wave
Oracle JD Edwards EnterpriseOne
7.7
Subledger Reconciliations
Accounting by Wave
Oracle JD Edwards EnterpriseOne
7.6
3rd Party Accounting Systems
Accounting by Wave
Oracle JD Edwards EnterpriseOne
7.8

Project Financial Management

Accounting by Wave
Oracle JD Edwards EnterpriseOne
9.5
Budgeting and Forecasting
Accounting by Wave
Oracle JD Edwards EnterpriseOne
9.2
Project Costing
Accounting by Wave
Oracle JD Edwards EnterpriseOne
9.2
Cost Capture
Accounting by Wave
Oracle JD Edwards EnterpriseOne
9.7
Capital Project Management
Accounting by Wave
Oracle JD Edwards EnterpriseOne
9.2
Customer Invoicing
Accounting by Wave
Oracle JD Edwards EnterpriseOne
9.4
Customer Contract Compliance
Accounting by Wave
Oracle JD Edwards EnterpriseOne
9.7
Project Revenue Recognition
Accounting by Wave
Oracle JD Edwards EnterpriseOne
9.7
Project Financial Performance Analysis
Accounting by Wave
Oracle JD Edwards EnterpriseOne
9.7
Project Financials Dashboard
Accounting by Wave
Oracle JD Edwards EnterpriseOne
9.7
Real-time Financial Reporting
Accounting by Wave
Oracle JD Edwards EnterpriseOne
8.5
Embedded Business Intelligence
Accounting by Wave
Oracle JD Edwards EnterpriseOne
9.7
Project Planning Collaboration
Accounting by Wave
Oracle JD Edwards EnterpriseOne
9.7

Project Execution Management

Accounting by Wave
Oracle JD Edwards EnterpriseOne
9.4
Project Planning and Scheduling
Accounting by Wave
Oracle JD Edwards EnterpriseOne
9.6
Project Manager Dashboard
Accounting by Wave
Oracle JD Edwards EnterpriseOne
9.6
Resource Manager Dashboard
Accounting by Wave
Oracle JD Edwards EnterpriseOne
9.6
Task Insight for Project Managers
Accounting by Wave
Oracle JD Edwards EnterpriseOne
9.6
Project Manager Mobile Functionality
Accounting by Wave
Oracle JD Edwards EnterpriseOne
9.6
Team Member Task Collaboration
Accounting by Wave
Oracle JD Edwards EnterpriseOne
9.6
Team Member Mobile Functionality
Accounting by Wave
Oracle JD Edwards EnterpriseOne
9.6
Project Candidate Search
Accounting by Wave
Oracle JD Edwards EnterpriseOne
10.0
Project Candidate Comparison and Analysis
Accounting by Wave
Oracle JD Edwards EnterpriseOne
10.0
Defineable Resource Pools
Accounting by Wave
Oracle JD Edwards EnterpriseOne
9.0
Defineable Resource Pools
Accounting by Wave
Oracle JD Edwards EnterpriseOne
9.0
Talent Profiles
Accounting by Wave
Oracle JD Edwards EnterpriseOne
9.0
Real-Time Project Reporting
Accounting by Wave
Oracle JD Edwards EnterpriseOne
9.0
Absence Management
Accounting by Wave
Oracle JD Edwards EnterpriseOne
9.0
Product Lifecycle Management
Accounting by Wave
Oracle JD Edwards EnterpriseOne
9.6

Grants Management

Accounting by Wave
Oracle JD Edwards EnterpriseOne
7.0
Award Lifecycle Management
Accounting by Wave
Oracle JD Edwards EnterpriseOne
7.3
Spending Control
Accounting by Wave
Oracle JD Edwards EnterpriseOne
6.0
Indirect Cost Management
Accounting by Wave
Oracle JD Edwards EnterpriseOne
8.0
Billing
Accounting by Wave
Oracle JD Edwards EnterpriseOne
6.9

Procurement

Accounting by Wave
Oracle JD Edwards EnterpriseOne
8.9
Sourcing Team Collaboration
Accounting by Wave
Oracle JD Edwards EnterpriseOne
9.6
Sourcing Analysis
Accounting by Wave
Oracle JD Edwards EnterpriseOne
7.7
Bids Analyzed and Compared
Accounting by Wave
Oracle JD Edwards EnterpriseOne
9.0
Catalog Shopping E-Commerce for Employees
Accounting by Wave
Oracle JD Edwards EnterpriseOne
7.9
Contract Authoring
Accounting by Wave
Oracle JD Edwards EnterpriseOne
9.0
Contract Compliance Management
Accounting by Wave
Oracle JD Edwards EnterpriseOne
9.6
Contract History
Accounting by Wave
Oracle JD Edwards EnterpriseOne
9.0
Contract Renewal Automation
Accounting by Wave
Oracle JD Edwards EnterpriseOne
9.6
Contract Repository
Accounting by Wave
Oracle JD Edwards EnterpriseOne
9.1
Contract Standardization and Enforcement
Accounting by Wave
Oracle JD Edwards EnterpriseOne
9.0
Electronic Signatures
Accounting by Wave
Oracle JD Edwards EnterpriseOne
9.0
Invoice Automated Matching
Accounting by Wave
Oracle JD Edwards EnterpriseOne
8.9
Purchasing Risk and Compliance Management
Accounting by Wave
Oracle JD Edwards EnterpriseOne
9.0
Requisitions-to-Purchase Orders Integrated
Accounting by Wave
Oracle JD Edwards EnterpriseOne
9.6
Spend Compliance Management
Accounting by Wave
Oracle JD Edwards EnterpriseOne
9.0
Supplier Assessment
Accounting by Wave
Oracle JD Edwards EnterpriseOne
9.1
Supplier Communication and Collaboration
Accounting by Wave
Oracle JD Edwards EnterpriseOne
7.3
Supplier Management
Accounting by Wave
Oracle JD Edwards EnterpriseOne
7.9
Supplier Portal
Accounting by Wave
Oracle JD Edwards EnterpriseOne
9.1

Risk Management

Accounting by Wave
Oracle JD Edwards EnterpriseOne
8.5
Risk Repository
Accounting by Wave
Oracle JD Edwards EnterpriseOne
9.0
Control Management
Accounting by Wave
Oracle JD Edwards EnterpriseOne
8.0

Logistics

Accounting by Wave
Oracle JD Edwards EnterpriseOne
8.2
Transportation Planning and Optimization
Accounting by Wave
Oracle JD Edwards EnterpriseOne
8.6
Transportation Sourcing Management
Accounting by Wave
Oracle JD Edwards EnterpriseOne
9.1
Transportation Process Integration
Accounting by Wave
Oracle JD Edwards EnterpriseOne
7.9
Transportation Execution Management
Accounting by Wave
Oracle JD Edwards EnterpriseOne
7.6
Freight Payment Automation
Accounting by Wave
Oracle JD Edwards EnterpriseOne
7.8
Trade Management
Accounting by Wave
Oracle JD Edwards EnterpriseOne
7.3
Trade Regulatory Compliance Management
Accounting by Wave
Oracle JD Edwards EnterpriseOne
7.3
Customs Entry Management
Accounting by Wave
Oracle JD Edwards EnterpriseOne
9.1
Customs Document Management
Accounting by Wave
Oracle JD Edwards EnterpriseOne
9.1
Customs Document Collaboration
Accounting by Wave
Oracle JD Edwards EnterpriseOne
9.1
Fulfillment Management
Accounting by Wave
Oracle JD Edwards EnterpriseOne
7.6
Inventory Visibility
Accounting by Wave
Oracle JD Edwards EnterpriseOne
7.8
Warehouse Workforce Management
Accounting by Wave
Oracle JD Edwards EnterpriseOne
8.6

Manufacturing

Accounting by Wave
Oracle JD Edwards EnterpriseOne
7.6
Production Process Design
Accounting by Wave
Oracle JD Edwards EnterpriseOne
7.6
Supply Chain Business Flows
Accounting by Wave
Oracle JD Edwards EnterpriseOne
7.5
Production Management
Accounting by Wave
Oracle JD Edwards EnterpriseOne
7.6
Contracted Manufacturing Management
Accounting by Wave
Oracle JD Edwards EnterpriseOne
7.8
Configuration Management
Accounting by Wave
Oracle JD Edwards EnterpriseOne
8.5
Work Definition
Accounting by Wave
Oracle JD Edwards EnterpriseOne
7.5
Work Execution
Accounting by Wave
Oracle JD Edwards EnterpriseOne
7.3
Advanced Fulfillment
Accounting by Wave
Oracle JD Edwards EnterpriseOne
7.5
Manufacturing Costs
Accounting by Wave
Oracle JD Edwards EnterpriseOne
6.9

Supply Chain

Accounting by Wave
Oracle JD Edwards EnterpriseOne
8.2
Forecasting
Accounting by Wave
Oracle JD Edwards EnterpriseOne
8.0
Inventory Planning
Accounting by Wave
Oracle JD Edwards EnterpriseOne
7.6
Multi-tier Supply Chain Planning
Accounting by Wave
Oracle JD Edwards EnterpriseOne
8.2
Performance Monitoring
Accounting by Wave
Oracle JD Edwards EnterpriseOne
9.1

Product Lifecycle Management

Accounting by Wave
Oracle JD Edwards EnterpriseOne
8.5
Ideation Management
Accounting by Wave
Oracle JD Edwards EnterpriseOne
9.0
Requirements Management
Accounting by Wave
Oracle JD Edwards EnterpriseOne
6.0
Proposal Management
Accounting by Wave
Oracle JD Edwards EnterpriseOne
9.0
Product Master Data Management
Accounting by Wave
Oracle JD Edwards EnterpriseOne
9.1
Vendor Portal
Accounting by Wave
Oracle JD Edwards EnterpriseOne
9.1
Project Portfolio Management
Accounting by Wave
Oracle JD Edwards EnterpriseOne
9.1

Pros

  • 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
  • The forecasting modules used for JDE are amazing. It allows us to use best practices for claiming forecasted costs and revenues.
  • JDE allows us to track our change events in their own module and apply different meanings to statuses- something extremely useful in the construction world.
  • Cost coding/budgeting simplified. By using the same budget module, revising budgets, active cost coding and purchase ordering, you can get a realistic snapshot of your job at the drop of a hat.
J. Mickey Merguerian profile photo

Cons

  • 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
  • Due to the complexity of the system technical issues can be difficult to trace
  • Although it has improved a lot over the years, installation and upgrade procedures are rather complex
Poul Hansen 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
Oracle JD Edwards EnterpriseOne9.0
Based on 1 answer
great design and continuous improvements
No photo available

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 never able to figure out Gnu cash so I had to mostly use excel, until I found Wave
Torrey Holman profile photo
World is not as user friendly as EnterpriseOne.
No photo available

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

  • Keeps me up to date for taxing purposes
Torrey Holman profile photo
  • Met expectations for Return on Investment and ease of use.
Rick Meyers 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 EnterpriseOne

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