What users are saying about

Accounting by Wave

Top Rated
96 Ratings

Accounting by Wave

Top Rated
96 Ratings
Score 9 out of 101

QuickBooks Enterprise

273 Ratings
Score 7.7 out of 101

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Likelihood to Recommend

Accounting by Wave

Well suited for those with just one, or several clients, pay rates, tasks or projects. The software is perfect for those who work for themselves and I can't think of any situation that it would not be suitable for. Freelancers in particular though would be able to put Wave to the best use.
Torrey Holman profile photo

QuickBooks Enterprise

You'll want to go with this type of ERP solution if you're running a business with some level of complexity. For example, a manufacturing company with more than 50 employees and significant inventory tracking needs would be a good candidate for QuickBooks Enterprise. Additionally, a scenario where there are going to be a lot of accounting users would necessitate a product such as QuickBooks Enterprise rather than the basic QuickBooks desktop products. If you're starting out, or your business is in an earlier stage of development, you won't necessarily want to start out with Enterprise initially. If you use more of a "beginner" type accounting product (such as one of the other QuickBooks desktop products), you can always upgrade your data file later should you eventually use Enterprise.
Laurence Sarner profile photo

Feature Rating Comparison

Payroll Management

Accounting by Wave
7.9
QuickBooks Enterprise
7.6
Pay calculation
Accounting by Wave
8.4
QuickBooks Enterprise
8.1
Benefit plan administration
Accounting by Wave
7.5
QuickBooks Enterprise
7.1
Direct deposit files
Accounting by Wave
8.0
QuickBooks Enterprise
8.4
Salary revision and increment management
Accounting by Wave
7.7
QuickBooks Enterprise
6.4
Reimbursement management
Accounting by Wave
8.0
QuickBooks Enterprise
8.1

Customization

Accounting by Wave
9.1
QuickBooks Enterprise
5.4
API for custom integration
Accounting by Wave
8.9
QuickBooks Enterprise
5.0
Plug-ins
Accounting by Wave
9.2
QuickBooks Enterprise
5.8

Security

Accounting by Wave
8.6
QuickBooks Enterprise
7.8
Single sign-on capability
Accounting by Wave
9.0
QuickBooks Enterprise
7.9
Role-based user permissions
Accounting by Wave
8.2
QuickBooks Enterprise
7.7

Reporting & Analytics

Accounting by Wave
8.5
QuickBooks Enterprise
7.4
Dashboards
Accounting by Wave
8.4
QuickBooks Enterprise
7.4
Standard reports
Accounting by Wave
8.3
QuickBooks Enterprise
7.5
Custom reports
Accounting by Wave
8.6
QuickBooks Enterprise
7.3

General Ledger and Configurable Accounting

Accounting by Wave
8.2
QuickBooks Enterprise
7.7
Accounts payable
Accounting by Wave
8.4
QuickBooks Enterprise
8.4
Accounts receivable
Accounting by Wave
9.1
QuickBooks Enterprise
8.5
Cash management
Accounting by Wave
8.1
QuickBooks Enterprise
8.6
Bank reconciliation
Accounting by Wave
7.8
QuickBooks Enterprise
8.9
Expense management
Accounting by Wave
8.5
QuickBooks Enterprise
7.7
Time tracking
Accounting by Wave
7.3
QuickBooks Enterprise
6.9
Fixed asset management
Accounting by Wave
5.2
QuickBooks Enterprise
6.8
Multi-currency support
Accounting by Wave
8.6
QuickBooks Enterprise
8.0
Multi-division support
Accounting by Wave
7.4
QuickBooks Enterprise
7.5
Regulations compliance
Accounting by Wave
7.3
QuickBooks Enterprise
8.0
Electronic tax filing
Accounting by Wave
6.0
QuickBooks Enterprise
8.3
Self-service portal
Accounting by Wave
9.1
QuickBooks Enterprise
8.0
Global Financial Support
Accounting by Wave
9.0
QuickBooks Enterprise
9.0
Primary and Secondary Ledgers
Accounting by Wave
9.3
QuickBooks Enterprise
8.0
Intercompany Accounting
Accounting by Wave
8.7
QuickBooks Enterprise
7.3
Localizations
Accounting by Wave
9.5
QuickBooks Enterprise
8.0
Journals and Reconciliations
Accounting by Wave
8.4
QuickBooks Enterprise
6.9
Enterprise Accounting
Accounting by Wave
8.7
QuickBooks Enterprise
6.0
Configurable Accounting
Accounting by Wave
8.7
QuickBooks Enterprise
7.6
Centralized Rules Framework
Accounting by Wave
9.0
QuickBooks Enterprise
6.6
Standardized Processes
Accounting by Wave
7.9
QuickBooks Enterprise
7.6

Inventory Management

Accounting by Wave
8.9
QuickBooks Enterprise
6.2
Inventory tracking
Accounting by Wave
9.5
QuickBooks Enterprise
6.7
Automatic reordering
Accounting by Wave
8.0
QuickBooks Enterprise
5.3
Location management
Accounting by Wave
9.0
QuickBooks Enterprise
7.4
Manufacturing module
Accounting by Wave
9.0
QuickBooks Enterprise
5.6

Order Management

Accounting by Wave
7.8
QuickBooks Enterprise
7.2
Pricing
Accounting by Wave
8.1
QuickBooks Enterprise
7.2
Order entry
Accounting by Wave
8.0
QuickBooks Enterprise
8.9
Credit card processing
Accounting by Wave
9.1
QuickBooks Enterprise
4.7
Cost of goods sold
Accounting by Wave
8.8
QuickBooks Enterprise
7.6
Order Orchestration
Accounting by Wave
8.0
QuickBooks Enterprise
8.3
End-to-end order visibility
Accounting by Wave
4.7
QuickBooks Enterprise
7.0
Order exception Resolution
Accounting by Wave
8.0
QuickBooks Enterprise
6.5

Accounting Firm BPO Features

Accounting by Wave
8.0
QuickBooks Enterprise
8.0
Branded client dashboards
Accounting by Wave
8.0
QuickBooks Enterprise
8.1
Client data roll-up capabilities
Accounting by Wave
8.0
QuickBooks Enterprise
9.0
Client data consolidation for benchmarking
Accounting by Wave
7.5
QuickBooks Enterprise
8.1
Configurable alerts
Accounting by Wave
8.0
QuickBooks Enterprise
7.7
Billing bypass
Accounting by Wave
8.0
QuickBooks Enterprise
8.0
Client template cloning
Accounting by Wave
8.0
QuickBooks Enterprise
8.1
Single sign-on
Accounting by Wave
9.0
QuickBooks Enterprise
8.1
Configurable client onboarding questions
Accounting by Wave
8.0
QuickBooks Enterprise
6.9
Cross-client workflow management
Accounting by Wave
8.0
QuickBooks Enterprise
8.0
Industry-specific versioning
Accounting by Wave
8.0
QuickBooks Enterprise
8.0
Legacy system data migration
Accounting by Wave
8.0
QuickBooks Enterprise
7.6

Pros

  • Separates tasks by name for billing
  • Reminders of invoices coming due and notices of any overdue
  • Calculates payment amount due depending on the information you previously set up
  • Saves time
  • Makes freelancing financials painless
Torrey Holman profile photo
  • I like being able to attach documents in QuickBooks
  • Downing loading of bank transactions works well
  • I like the graphic user interface with the desk top edition
  • I like that I can use one Enterprise edition to support more than client at a time.
  • Like that my clients with multiple companies do not have to purchase multiple QuickBooks
No photo available

Cons

  • I would love to see a separate transaction feed for CAD and USD accounts. It is tricky right now to properly post transfers and payments between currencies as well as from bank accounts to credit card accounts.
  • Adding an invoice number field to the Verify Screen would eliminate the need to post the bill first and then record the payment second.
Jennifer Bauldic profile photo
  • I am not at that level of knowledge yet.
Marygold Fry 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
QuickBooks Enterprise1.3
Based on 10 answers
We'll renew because we know how to use it and I have enough experience to troubleshoot when our bookkeeper has a problem. And it's a good product that I think fits our needs perfectly!
No photo available

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
QuickBooks Enterprise7.3
Based on 4 answers
I like the QuickBooks Enterprise edition so much I moved my company to it this year. I like the overall functionality of the program and I am very familiar with the user interface which makes my job easier. One of the things I dislike about the online version it is not modeled after the desktop edition and I have a hard time getting around in the program.
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
QuickBooks Enterprise8.0
Based on 2 answers
I really did experience any event that required that much attention. for the most part the system is reliable and does not break down
Scott Romero profile photo

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
QuickBooks Enterprise9.0
Based on 1 answer
QB is a good and reliable system. We probably should have explore the other modules rather that jump in to the conclusion that we needed a new ERP.
Scott Romero profile photo

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
QuickBooks Enterprise4.3
Based on 3 answers
As a ProAdvisor I have always had good results when calling in with a QuickBooks issue. Support has done a great job of helping me accomplish what I needed to accomplish
No photo available

In-Person Training

No score
No answers yet
No answers on this topic
QuickBooks Enterprise7.0
Based on 1 answer
It is a very easy system to learn, so with the help it was even easier. QB is a good solid system, but it lacks some of the complexity other systems have. with QB you need to get additional modules to get the same functionality that other systems offer standard
Scott Romero profile photo

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
QuickBooks Enterprise5.1
Based on 2 answers
easy to learn system, specially with some kind of support. Just like with any other system, things get lot easier if you have guidance to lead you in your search for answers. having said that, QB is very easy to use and very easy to teach. you wont spend much time memorizing where to click.
Scott Romero profile photo

Implementation

No score
No answers yet
No answers on this topic
QuickBooks Enterprise7.1
Based on 3 answers
Very simple if you know what you are doing if not find someone who does to assist.
No photo available

Alternatives Considered

Wave is ideal for the small business owner. It is free (can't beat that) and easy to use. I use a variety of solutions, but pair Wave with clients (such as realtors) to keep them away from shoeboxes! I don't do anything fancy with the program, but it really shines at separating business and personal.
Jeff Borschowa profile photo
Enterprise seems to me to be losing its relavance. The company does not seem to be interested in enhancing the product and is focusing more on their online offerings and platforms. Compared to other software available, I would be hard pressed to choose Enterprise.
Andrew Newman CPA profile photo

Rating for Public Practice CPAs

Accounting by Wave8.0
Based on 8 answers
we have worked with all Cloud software ( XERO, QBO, FreshBooks, Wave, and others ) so we have a strong basis point for comparison
Peter Cullen profile photo
QuickBooks Enterprise7.2
Based on 9 answers
Many clients already use QuickBooks so they send us their QuickBooks information. Therefore, we need the QuickBooks software to be able to open their files. We also may use it to enter client data to summarize information in a succinct manner to be able to see the detail of client information.
No photo available

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
QuickBooks Enterprise3.0
Based on 1 answer
It is not a fair rating because we did not invest in different modules to accommodate for business grow and complexity expansion.
Scott Romero profile photo

Return on Investment

  • It has been an excellent product to manage our invoices. Can't beat "free".
Al Wynant profile photo
  • Positive impact!
Marygold Fry 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

QuickBooks Enterprise

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