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
31 Ratings
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Score 8.2 out of 101

Likelihood to Recommend

Accounting by Wave

I have recommended it to many small businesses because first off, it works. Setup and daily use it is easy. There is no cost outside of any payment transaction processing fees. You can probably find lower fees, but they are not out of line with other services.
No photo available

Priority AccountEdge

I feel AccountEdge is almost universally well suited for most small & medium businesses - either manufacturing or service based. There are a few caveats however. The first thing that needs to be assessed is how the product will be used. If a user desires a cloud based product, this may not the the right accounting suite for them. While there is some cloud functionality with the addition of AccountEdge Cloud as a data entry portal, it must be understood that ultimately the database resides somewhere on someone's desktop and continual syncing is required. Another area that for some is tricky, is inventory valuation. The value is tracked by averaging the product cost vs first in first out (FIFO). Once the user passes these initial questions, the versatility of the software makes it easy to accommodate a variety of business models. I especially use it with creatives - photographers, writers, agents, producers, artists, designers, etc. The job (project) tracking especially shines here with the facilitation of budget creation.
joAnn Ortiz profile photo

Feature Rating Comparison

Payroll Management

Accounting by Wave
7.9
Priority AccountEdge
8.0
Pay calculation
Accounting by Wave
8.2
Priority AccountEdge
8.6
Benefit plan administration
Accounting by Wave
7.5
Priority AccountEdge
7.0
Direct deposit files
Accounting by Wave
8.0
Priority AccountEdge
9.0
Salary revision and increment management
Accounting by Wave
7.7
Priority AccountEdge
7.4
Reimbursement management
Accounting by Wave
8.0
Priority AccountEdge
8.1

Customization

Accounting by Wave
8.8
Priority AccountEdge
6.6
API for custom integration
Accounting by Wave
8.7
Priority AccountEdge
Plug-ins
Accounting by Wave
8.8
Priority AccountEdge
6.6

Security

Accounting by Wave
8.5
Priority AccountEdge
8.8
Single sign-on capability
Accounting by Wave
9.1
Priority AccountEdge
Role-based user permissions
Accounting by Wave
7.9
Priority AccountEdge
8.8

Reporting & Analytics

Accounting by Wave
8.5
Priority AccountEdge
7.9
Dashboards
Accounting by Wave
8.5
Priority AccountEdge
7.1
Standard reports
Accounting by Wave
8.3
Priority AccountEdge
8.6
Custom reports
Accounting by Wave
8.6
Priority AccountEdge
8.0

General Ledger and Configurable Accounting

Accounting by Wave
8.3
Priority AccountEdge
7.4
Accounts payable
Accounting by Wave
8.7
Priority AccountEdge
8.9
Accounts receivable
Accounting by Wave
9.2
Priority AccountEdge
8.9
Cash management
Accounting by Wave
8.1
Priority AccountEdge
8.1
Bank reconciliation
Accounting by Wave
7.9
Priority AccountEdge
6.6
Expense management
Accounting by Wave
8.6
Priority AccountEdge
7.4
Time tracking
Accounting by Wave
7.6
Priority AccountEdge
7.4
Fixed asset management
Accounting by Wave
6.9
Priority AccountEdge
Multi-currency support
Accounting by Wave
8.3
Priority AccountEdge
9.0
Multi-division support
Accounting by Wave
7.4
Priority AccountEdge
9.1
Regulations compliance
Accounting by Wave
7.3
Priority AccountEdge
8.0
Electronic tax filing
Accounting by Wave
6.0
Priority AccountEdge
5.0
Self-service portal
Accounting by Wave
8.9
Priority AccountEdge
2.7
Global Financial Support
Accounting by Wave
9.0
Priority AccountEdge
Primary and Secondary Ledgers
Accounting by Wave
9.3
Priority AccountEdge
Intercompany Accounting
Accounting by Wave
8.6
Priority AccountEdge
Localizations
Accounting by Wave
9.5
Priority AccountEdge
Journals and Reconciliations
Accounting by Wave
8.2
Priority AccountEdge
Enterprise Accounting
Accounting by Wave
8.7
Priority AccountEdge
Configurable Accounting
Accounting by Wave
8.7
Priority AccountEdge
Centralized Rules Framework
Accounting by Wave
9.0
Priority AccountEdge
Standardized Processes
Accounting by Wave
8.1
Priority AccountEdge

Inventory Management

Accounting by Wave
8.9
Priority AccountEdge
7.9
Inventory tracking
Accounting by Wave
9.5
Priority AccountEdge
7.7
Automatic reordering
Accounting by Wave
8.0
Priority AccountEdge
8.0
Location management
Accounting by Wave
9.0
Priority AccountEdge
8.0
Manufacturing module
Accounting by Wave
9.0
Priority AccountEdge
8.0

Order Management

Accounting by Wave
8.0
Priority AccountEdge
6.9
Pricing
Accounting by Wave
8.3
Priority AccountEdge
6.6
Order entry
Accounting by Wave
8.4
Priority AccountEdge
7.3
Credit card processing
Accounting by Wave
9.1
Priority AccountEdge
7.3
Cost of goods sold
Accounting by Wave
8.8
Priority AccountEdge
6.5
Order Orchestration
Accounting by Wave
8.0
Priority AccountEdge
End-to-end order visibility
Accounting by Wave
5.5
Priority AccountEdge
Order exception Resolution
Accounting by Wave
8.0
Priority AccountEdge

Accounting Firm BPO Features

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

Pros

Accounting by Wave

  • Crisp, clean invoices, and I particularly like the ability to customize the invoice to fit our needs.
  • Custom reporting tools so we can slice & dice our data as needed.
  • Overall interface is incredibly easy to navigate through and you don't have to be a professional accountant or book keeper to make sense of everything.
  • Offering a recurring payment option, credit card processing, and ACH payment options with customer online payment options as well has made our life much easier with the repeat accounts we manage.
  • Adding customers profiles is simple and can be done right in the new invoice tool
  • Setting up vendors is quick and easy to associate to various payable/receivable accounts is simple.
Matthew Gehrman profile photo

Priority AccountEdge

  • AccountEdge has a robust report menu that allows a user to slice and dice data for analysis. Report on projects for the life of the project across fiscal years. Report on different departments with segregated income statements.
  • For users who want to run payroll in house that is easily done through the payroll module. Print physical checks or direct deposit to employee's account, process payroll taxes and file year end W2s.
  • My personal favorites are time billing and retainers. As a service based business I can at my fingertips review how much money a client has on deposit with me and how much of that will be billed out at the end of the month. The integration with AccountEdge Mobile rounds it all out with being able to log my time on-site.
  • Last but not least AccountEdge Mobile in general, as the companion app for the desktop software is invaluable. My heaviest use is the spend money feature. Excellent for logging travel receipts & cash expenses while they are fresh on the brain. Really cuts back the data entry at the end of a trip and trying to recall what something may have been for.
joAnn Ortiz profile photo

Cons

Accounting by Wave

  • Not too much to complain about with Wave although I do wish they kept an audit trail of all invoice reminders sent, changes in the invoice, and have the ability to pull reports with this data. This functionality would be great to review clients as a whole to determine profitability and time spent with these clients.
  • 9% processing fees for all cards which is a bit higher than some of the competitors like Blue Pay. The pro to this though is there's no monthly commitment or monthly service fees.
Matthew Gehrman profile photo

Priority AccountEdge

  • My biggest frustration, and one that I've mentioned to Acclivity for many years, is that it only permits opening nine windows at a time (plus the home window). I hit that limit almost daily, and then I have to decide what do I close so I can complete the transaction that needed the "9th" window.
  • The Accounts section includes two quick reports, "Analyze Profit and Loss" and "Analyze Balance Sheet. These can be filtered for the current month or any prior month in the current fiscal year. And that's fine most of the year, but at the beginning of the next year, when I haven't yet started the new fiscal year, these only go to December of the prior year. The regular reports for these can select "next year;" why can't these?
  • It would be helpful if the journal entry number would have one or two additional digits available. For example, when I am entering journal entries for a client, I would like to use a number such as CPA2014001, CPA2014002, etc. to distinguish what I enter from the "automatic" entries that AccountEdge does. But that's one more digit than AccountEdge allows, so if I had over 100 adjustments, I would run out of entry numbers.
Thomas Healy profile photo

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

Priority AccountEdge

Priority AccountEdge 8.8
Based on 10 answers
I love Macs, and AccountEdge is the complete accounting software solution for Macs, though not the only solution and not always the best for some businesses.
Brent Blackburn profile photo

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

Priority AccountEdge

Priority AccountEdge 8.2
Based on 2 answers
AccountEdge Pro & Basic is laid out in easy to use centers which compartmentalize a users needs based on departments. Along with that one can set up recurring transactions for things that repeat daily through annually and anything in between. You can set a preference for automatic posting or a user specific reminder to post the action
joAnn Ortiz profile photo

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

Priority AccountEdge

Priority AccountEdge 9.1
Based on 1 answer
One of the finer advantages of desktop software, it's always available. AccountEdge doesn't suffer from outages or sluggish internet like web based applications do. It's always there when you power on your device!
joAnn Ortiz profile photo

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

Priority AccountEdge

No score
No answers yet
No answers on this topic

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

Priority AccountEdge

Priority AccountEdge 5.5
Based on 2 answers
Rarely do we get support due to it costing money. Sell us on a Monthly service, bump up your CRM and Marketing and AccountEdge could easily be getting $2k/ month from us.
Jeremy Doyle profile photo

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

Priority AccountEdge

No score
No answers yet
No answers on this topic

Implementation

Accounting by Wave

No score
No answers yet
No answers on this topic

Priority AccountEdge

Priority AccountEdge 7.0
Based on 1 answer
unfortunately no.
Jeremy Doyle profile photo

Alternatives Considered

Accounting by Wave

Wave was more affordable and we were already using it for accounting. The services offered are comparable and quite reliable.
Geri Lynn Peak profile photo

Priority AccountEdge

Originally Account Edge topped out other comparable accounting suites with the feature set sought after for account management, order-invoice creation & user based role deployment on the server side out to workstation use. This has not changed to current revision & we are sticking with it.
Edward Komyshyn profile photo

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

Priority AccountEdge

No score
No answers yet
No answers on this topic

Return on Investment

Accounting by Wave

  • Increased staff efficiencies
  • Increased customer service
Randy O'Malley profile photo

Priority AccountEdge

  • AccountEdge is useful for running reports for submitting our Tax Returns on an Annual basis. To this end, it saves me time.
  • It is not useful for running reports on the analysis of the state of the company. In general, I find using Excel to be more useful, but probably more time consuming than it would be if I were able to run those reports in a comprehensive Accounting System.
No photo available

Screenshots

Accounting by Wave

Pricing Details

Accounting by Wave

General

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

Priority AccountEdge

General

Free Trial
Yes
Free/Freemium Version
Premium Consulting/Integration Services
Yes
Entry-level set up fee?
No
Additional Pricing Details
AccountEdge is available to new customers for $399. Optional product upgrades are released every year for $159 single-user upgrade or $249 multi-user upgrade.

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