What users are saying about

Accounting by Wave

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Top Rated
102 Ratings
4 Ratings

Accounting by Wave

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Top Rated
102 Ratings
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Score 9.1 out of 101
4 Ratings
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Score 1.3 out of 101

Add comparison

Likelihood to Recommend

Accounting by Wave

Wave seems like an excellent choice for managing bookkeeping and invoices for a small business like my own. I imagine as a business outgrows Wave, you will need to hire a bookkeeper and other financial planners anyway. For me, this would be quite a ways down the road, but for basic tasks, Wave has sped up my financial workflow significantly. I'm so impressed by what Wave accomplishes. It's everything I need in a financial software. Very impressed.
Chris Hecox profile photo

OSAS

I honestly think that it's extremely outdated and don't understand why anyone would still use it. Especially in a non-profit setting. In our field we have to be able to track revenue and expenses by funds, and with the way those funding streams tend to cross an agency or company's fiscal year, the fact that it is virtually impossible to pull the information in that manner restricts a finance department more than anything.
Jessica Leffler profile photo

Feature Rating Comparison

Payroll Management

Accounting by Wave
7.9
OSAS
Pay calculation
Accounting by Wave
8.3
OSAS
Benefit plan administration
Accounting by Wave
7.5
OSAS
Direct deposit files
Accounting by Wave
8.0
OSAS
Salary revision and increment management
Accounting by Wave
7.7
OSAS
Reimbursement management
Accounting by Wave
8.0
OSAS

Customization

Accounting by Wave
9.0
OSAS
API for custom integration
Accounting by Wave
8.9
OSAS
Plug-ins
Accounting by Wave
9.1
OSAS

Security

Accounting by Wave
8.6
OSAS
5.5
Single sign-on capability
Accounting by Wave
9.1
OSAS
5.0
Role-based user permissions
Accounting by Wave
8.1
OSAS
6.0

Reporting & Analytics

Accounting by Wave
8.4
OSAS
2.0
Dashboards
Accounting by Wave
8.4
OSAS
Standard reports
Accounting by Wave
8.3
OSAS
3.0
Custom reports
Accounting by Wave
8.6
OSAS
1.0

General Ledger and Configurable Accounting

Accounting by Wave
8.2
OSAS
1.8
Accounts payable
Accounting by Wave
8.6
OSAS
2.0
Accounts receivable
Accounting by Wave
9.2
OSAS
Cash management
Accounting by Wave
8.0
OSAS
Bank reconciliation
Accounting by Wave
7.8
OSAS
Expense management
Accounting by Wave
8.5
OSAS
Time tracking
Accounting by Wave
7.3
OSAS
Fixed asset management
Accounting by Wave
6.3
OSAS
Multi-currency support
Accounting by Wave
8.5
OSAS
Multi-division support
Accounting by Wave
7.5
OSAS
Regulations compliance
Accounting by Wave
7.3
OSAS
Electronic tax filing
Accounting by Wave
6.0
OSAS
Self-service portal
Accounting by Wave
9.0
OSAS
Global Financial Support
Accounting by Wave
9.0
OSAS
Primary and Secondary Ledgers
Accounting by Wave
9.3
OSAS
Intercompany Accounting
Accounting by Wave
8.7
OSAS
Localizations
Accounting by Wave
9.5
OSAS
Journals and Reconciliations
Accounting by Wave
8.1
OSAS
Enterprise Accounting
Accounting by Wave
8.7
OSAS
Configurable Accounting
Accounting by Wave
8.5
OSAS
Centralized Rules Framework
Accounting by Wave
9.0
OSAS
Standardized Processes
Accounting by Wave
8.0
OSAS

Inventory Management

Accounting by Wave
8.9
OSAS
Inventory tracking
Accounting by Wave
9.5
OSAS
Automatic reordering
Accounting by Wave
8.0
OSAS
Location management
Accounting by Wave
9.0
OSAS
Manufacturing module
Accounting by Wave
9.0
OSAS

Order Management

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

Accounting Firm BPO Features

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

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
  • No confusing reporting.
  • Easy to follow interface.
  • Simplified experience.
Jessica Leffler profile photo

Cons

  • The reports need some work. I would like to see some options for how the data is sorted (either by account number or name).
  • The payroll service is a bit limited if you have staff that have varied pay structures or are paid on different schedules.
Eric Matthews profile photo
  • Not user-friendly or intuitive in the least. Even with the instruction manual, it's like part of it is missing or you are expected to know certain items before even looking.
  • Reporting is very basic and impossible to customize on the user's end. You must have tech support build them for you. Also, no cross fiscal year reporting.
  • Can't cut only one check if you have other invoices already entered in the batch.
  • The chart of account codes are not independent. You must build your whole GL for each fund source or program, which leaves you with an unwieldy chart of accounts.
Jessica Leffler 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

Each one of these cloud-based or desktop accounting services offer different pros and cons. It really comes down to the individual owner's wants and needs. While Wave is not going to be my first choice for a large, complex organization, it really shines when handling a one person shop who wants to keep track of their home and business finances in one place without all the complexity of traditional bookkeeping software. It's far less expensive than its competitors and has made constant strides to improve itself since day one. It also has a very friendly support staff who have a very fast response time.
Eric Matthews profile photo
If you've used CYMA, you'll be familiar with the way OSAS builds the GL, however CYMA is light years ahead of OSAS. If you've used anything like Abila MIP, you'll understand the comparison when I say "Abila is like using power tools to build your bookcase, CYMA is like using a hand saw and hammer, and OSAS is using a chisel to carve one out of wood." They all will get the job done and at the end of the day, you have a book case. But depending on which tools you use will either be ready for a library or a couple of small tomes. I didn't select OSAS, and never would it have been given consideration to be used as my accounting software
Jessica Leffler profile photo

Rating for Public Practice CPAs

Accounting by Wave8.0
Based on 8 answers
Wave is very easy for the small business owner to use but it has enough features to keep accountants happy.
Elaine Orr Morgan 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

  • Wave allows me to work from my home and not have to drive to a client's place of business. It is a time management improver for me.
  • It is easy to use and the client sees the results as soon as I finish the month end.
  • Ideal for startups and small businesses. No cost!
Bruce Collie    CPA, CGA profile photo
  • We have to do so much tracking of expenses by hand, that using OSAS doesn't save us any money in that respect.
  • I believe my predecessor used OSAS for over 15 years so she obviously felt comfortable with it. I can make do with it and at least track my bottom line.
  • No real reporting other than basic balance sheets.
Jessica Leffler 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

OSAS

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