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
64 Ratings
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Score 7.8 out of 101

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

QuickBooks for Mac

It is extremely well suited for smaller companies who are trying to manage things on their own without outsourcing too much. The program is easy to learn and doesn't require too much training time before it can be implemented. The online/cloud feature makes it even more accessible to our employees, so it's great. It would be hard for a large company to use it since it is geared towards smaller companies and the interface may become overwhelming with too many inputs/bills to manage.
No photo available

Feature Rating Comparison

Payroll Management

Accounting by Wave
7.9
QuickBooks for Mac
8.6
Pay calculation
Accounting by Wave
8.2
QuickBooks for Mac
8.3
Benefit plan administration
Accounting by Wave
7.5
QuickBooks for Mac
10.0
Direct deposit files
Accounting by Wave
8.0
QuickBooks for Mac
8.7
Salary revision and increment management
Accounting by Wave
7.7
QuickBooks for Mac
9.2
Reimbursement management
Accounting by Wave
8.0
QuickBooks for Mac
6.9

Customization

Accounting by Wave
8.8
QuickBooks for Mac
6.8
API for custom integration
Accounting by Wave
8.7
QuickBooks for Mac
7.4
Plug-ins
Accounting by Wave
8.8
QuickBooks for Mac
6.2

Security

Accounting by Wave
8.5
QuickBooks for Mac
8.3
Single sign-on capability
Accounting by Wave
9.1
QuickBooks for Mac
7.7
Role-based user permissions
Accounting by Wave
7.9
QuickBooks for Mac
8.9

Reporting & Analytics

Accounting by Wave
8.5
QuickBooks for Mac
8.4
Dashboards
Accounting by Wave
8.5
QuickBooks for Mac
8.3
Standard reports
Accounting by Wave
8.3
QuickBooks for Mac
8.5
Custom reports
Accounting by Wave
8.6
QuickBooks for Mac
8.4

General Ledger and Configurable Accounting

Accounting by Wave
8.3
QuickBooks for Mac
7.2
Accounts payable
Accounting by Wave
8.7
QuickBooks for Mac
9.0
Accounts receivable
Accounting by Wave
9.2
QuickBooks for Mac
8.9
Cash management
Accounting by Wave
8.1
QuickBooks for Mac
7.7
Bank reconciliation
Accounting by Wave
7.9
QuickBooks for Mac
9.0
Expense management
Accounting by Wave
8.6
QuickBooks for Mac
7.8
Time tracking
Accounting by Wave
7.6
QuickBooks for Mac
5.6
Fixed asset management
Accounting by Wave
6.9
QuickBooks for Mac
7.1
Multi-currency support
Accounting by Wave
8.3
QuickBooks for Mac
7.5
Multi-division support
Accounting by Wave
7.4
QuickBooks for Mac
6.3
Regulations compliance
Accounting by Wave
7.3
QuickBooks for Mac
5.0
Electronic tax filing
Accounting by Wave
6.0
QuickBooks for Mac
7.8
Self-service portal
Accounting by Wave
8.9
QuickBooks for Mac
9.1
Global Financial Support
Accounting by Wave
9.0
QuickBooks for Mac
6.3
Primary and Secondary Ledgers
Accounting by Wave
9.3
QuickBooks for Mac
6.6
Intercompany Accounting
Accounting by Wave
8.6
QuickBooks for Mac
7.0
Localizations
Accounting by Wave
9.5
QuickBooks for Mac
4.1
Journals and Reconciliations
Accounting by Wave
8.2
QuickBooks for Mac
7.6
Enterprise Accounting
Accounting by Wave
8.7
QuickBooks for Mac
10.0
Configurable Accounting
Accounting by Wave
8.7
QuickBooks for Mac
6.2
Centralized Rules Framework
Accounting by Wave
9.0
QuickBooks for Mac
6.3
Standardized Processes
Accounting by Wave
8.1
QuickBooks for Mac
7.2

Inventory Management

Accounting by Wave
8.9
QuickBooks for Mac
6.5
Inventory tracking
Accounting by Wave
9.5
QuickBooks for Mac
6.0
Automatic reordering
Accounting by Wave
8.0
QuickBooks for Mac
6.7
Location management
Accounting by Wave
9.0
QuickBooks for Mac
7.6
Manufacturing module
Accounting by Wave
9.0
QuickBooks for Mac
5.6

Order Management

Accounting by Wave
8.0
QuickBooks for Mac
7.5
Pricing
Accounting by Wave
8.3
QuickBooks for Mac
8.3
Order entry
Accounting by Wave
8.4
QuickBooks for Mac
8.1
Credit card processing
Accounting by Wave
9.1
QuickBooks for Mac
8.8
Cost of goods sold
Accounting by Wave
8.8
QuickBooks for Mac
7.6
Order Orchestration
Accounting by Wave
8.0
QuickBooks for Mac
6.8
End-to-end order visibility
Accounting by Wave
5.5
QuickBooks for Mac
6.3
Order exception Resolution
Accounting by Wave
8.0
QuickBooks for Mac
6.7

Accounting Firm BPO Features

Accounting by Wave
8.0
QuickBooks for Mac
7.6
Branded client dashboards
Accounting by Wave
8.0
QuickBooks for Mac
7.7
Client data roll-up capabilities
Accounting by Wave
8.0
QuickBooks for Mac
8.4
Client data consolidation for benchmarking
Accounting by Wave
7.5
QuickBooks for Mac
6.0
Configurable alerts
Accounting by Wave
8.0
QuickBooks for Mac
9.5
Billing bypass
Accounting by Wave
8.0
QuickBooks for Mac
9.2
Client template cloning
Accounting by Wave
8.0
QuickBooks for Mac
7.3
Single sign-on
Accounting by Wave
9.0
QuickBooks for Mac
7.7
Configurable client onboarding questions
Accounting by Wave
8.0
QuickBooks for Mac
7.3
Cross-client workflow management
Accounting by Wave
8.0
QuickBooks for Mac
7.3
Industry-specific versioning
Accounting by Wave
8.0
QuickBooks for Mac
6.4
Legacy system data migration
Accounting by Wave
8.0
QuickBooks for Mac
6.7

Pros

Accounting by Wave

  • Invoices are so easy to execute. Whether they are one-off or recurring, fixed or variable, single item or multiple line entries, they come out looking professional, polished and they get sent without any fuss. Put your client's info on them, add your logo, describe the services, add notes, set due dates, etc. all without cracking an abacus.
  • It's a little thing but I love how the estimates feature integrates with Invoices. You start by making an estimate for a client, with a defined expiry date. Once they accept, you can convert that estimate immediately into an Invoice and set it up to send.
  • Built-in payment processing is great. I don't have to worry about Paypal or Stripe or anything, Wave just handles my client's credit cards so I don't have to do a thing. They even have recurring billing for my retainer clients!
J.P. VanderLinden profile photo

QuickBooks for Mac

  • The program is very easy to learn, the interface is incredibly user-friendly and there are tons of free resources and tutorials available
  • It makes managing payroll really easy for the employee and accountant on staff. No more lost time sheets or late paychecks!
  • Managing bills and paying them has become streamlined and it's great having everything in one place so we don't lose track of things.
No photo available

Cons

Accounting by Wave

  • Sales Tax Automation. I don't even know how this would be possible but as an Ontario resident I would love to explore a way I could create parameters based on certain expenses and automatically add the HST.
  • AI for categorizations. Wave does an alright job of taking a guess at the expense categories in the data from our payment accounts. A little more would be a fine addition.
  • Speed. Sometimes I find it can be a little sluggish. Not all the time, but some.
John Galbraith profile photo

QuickBooks for Mac

  • It's great at getting the timesheets from employee to accountant but the time sheet side of things could be made a little easier to use. Some of our older employees have had a difficult time adjusting to the format.
  • More in-program help/tutorials would be great and expedite the learning process. YouTube and other online resources are great but can be hard to track down in the heat of the moment. We'd love to see some easier help resources within the program that are easy to access.
No photo available

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

QuickBooks for Mac

QuickBooks for Mac 8.0
Based on 9 answers
I support clients who use QuickBooks for Mac and renew my own QuickBooks for Mac license yearly so that I can stay up to date.
Shelly Robbins 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

QuickBooks for Mac

QuickBooks for Mac 8.0
Based on 3 answers
The Mac version is OK overall. I find the Windows versions to be much more robust but Mac is quite good for Mac users. Though I think die hard Mac users should consider QuickBooks Online instead as there is a new QB for Mac app that makes using QBO much better!
Robyn Smithson, CB 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

QuickBooks for Mac

QuickBooks for Mac 9.0
Based on 1 answer
I've been using the QuickBooks online version for a little over 6 months now (upgraded from Mac desktop) and I haven't had any access issues. There have been times when it was down for service/upgrade however there is always plenty of notification time given by the Quick Books Online Support team. These upgrade maintenance time frames are always over night hours and on the weekends so everything can be worked around very easily.
Ann Shallcross 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

QuickBooks for Mac

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

QuickBooks for Mac

QuickBooks for Mac 5.0
Based on 1 answer
Because the support level I get is probably not what the average user gets
Robyn Smithson, CB 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

QuickBooks for Mac

No score
No answers yet
No answers on this topic

Alternatives Considered

Accounting by Wave

Wave accounting does not have as many features as Quickbooks or Sage 50 but it holds it's own with the market it serves. I use Wave primarily for the payroll functionality and i have recommended that clients who use Sage 50 or Quickbooks use Wave for it's payroll. The importing of the bank transactions is also a great feature but the other competitors have caught up to Wave on this feature. Overall it is a great tool, but only for the right type of client.
Randy O'Malley profile photo

QuickBooks for Mac

Nothing reviewed like quickbooks
John E. Miller, MBA 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

QuickBooks for Mac

No score
No answers yet
No answers on this topic

Return on Investment

Accounting by Wave

  • For our clients, better visibility into their business is one of the biggest impacts
  • Mobile access to records, especially as an advisor working with the client remotely is huge
  • For our clients, being able to track receipts and accept payment from a mobile phone while on-site with the client is big.
Tory Norman, CPA profile photo

QuickBooks for Mac

  • Increase productivity
  • Better reporting
  • Easy implementation in the day-to-day operations
Andreas Jones - LSSGB, CPP, CSCS 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 for Mac

General

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

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