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 for Mac

57 Ratings
Score 7.7 out of 101

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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

QuickBooks for Mac

I have been on QB for approximately 5 months and so far it has allowed me to accomplish everything that my previous accounting program did and most of the tasks are more streamlined and easier to accomplish.If you start from day one using QB in your business it should be great. If you are going to transition from another accounting program to QB I would expect to experience some pain in the transition.
Steve Muench profile photo

Feature Rating Comparison

Payroll Management

Accounting by Wave
7.9
QuickBooks for Mac
9.3
Pay calculation
Accounting by Wave
8.4
QuickBooks for Mac
6.4
Benefit plan administration
Accounting by Wave
7.5
QuickBooks for Mac
10.0
Direct deposit files
Accounting by Wave
8.0
QuickBooks for Mac
10.0
Salary revision and increment management
Accounting by Wave
7.7
QuickBooks for Mac
10.0
Reimbursement management
Accounting by Wave
8.0
QuickBooks for Mac
9.9

Customization

Accounting by Wave
9.1
QuickBooks for Mac
7.4
API for custom integration
Accounting by Wave
8.9
QuickBooks for Mac
7.4
Plug-ins
Accounting by Wave
9.2
QuickBooks for Mac
7.4

Security

Accounting by Wave
8.6
QuickBooks for Mac
9.3
Single sign-on capability
Accounting by Wave
9.0
QuickBooks for Mac
9.3
Role-based user permissions
Accounting by Wave
8.2
QuickBooks for Mac
9.3

Reporting & Analytics

Accounting by Wave
8.5
QuickBooks for Mac
8.4
Dashboards
Accounting by Wave
8.4
QuickBooks for Mac
7.7
Standard reports
Accounting by Wave
8.3
QuickBooks for Mac
9.0
Custom reports
Accounting by Wave
8.6
QuickBooks for Mac
8.6

General Ledger and Configurable Accounting

Accounting by Wave
8.2
QuickBooks for Mac
7.4
Accounts payable
Accounting by Wave
8.4
QuickBooks for Mac
8.0
Accounts receivable
Accounting by Wave
9.1
QuickBooks for Mac
8.2
Cash management
Accounting by Wave
8.1
QuickBooks for Mac
8.0
Bank reconciliation
Accounting by Wave
7.8
QuickBooks for Mac
9.0
Expense management
Accounting by Wave
8.5
QuickBooks for Mac
8.5
Time tracking
Accounting by Wave
7.3
QuickBooks for Mac
7.3
Fixed asset management
Accounting by Wave
5.2
QuickBooks for Mac
6.6
Multi-currency support
Accounting by Wave
8.6
QuickBooks for Mac
5.9
Multi-division support
Accounting by Wave
7.4
QuickBooks for Mac
5.9
Regulations compliance
Accounting by Wave
7.3
QuickBooks for Mac
5.3
Electronic tax filing
Accounting by Wave
6.0
QuickBooks for Mac
9.2
Self-service portal
Accounting by Wave
9.1
QuickBooks for Mac
7.9
Global Financial Support
Accounting by Wave
9.0
QuickBooks for Mac
5.3
Primary and Secondary Ledgers
Accounting by Wave
9.3
QuickBooks for Mac
6.8
Intercompany Accounting
Accounting by Wave
8.7
QuickBooks for Mac
7.4
Localizations
Accounting by Wave
9.5
QuickBooks for Mac
7.9
Journals and Reconciliations
Accounting by Wave
8.4
QuickBooks for Mac
8.8
Enterprise Accounting
Accounting by Wave
8.7
QuickBooks for Mac
10.0
Configurable Accounting
Accounting by Wave
8.7
QuickBooks for Mac
5.3
Centralized Rules Framework
Accounting by Wave
9.0
QuickBooks for Mac
5.3
Standardized Processes
Accounting by Wave
7.9
QuickBooks for Mac
9.3

Inventory Management

Accounting by Wave
8.9
QuickBooks for Mac
7.0
Inventory tracking
Accounting by Wave
9.5
QuickBooks for Mac
7.0
Automatic reordering
Accounting by Wave
8.0
QuickBooks for Mac
6.4
Location management
Accounting by Wave
9.0
QuickBooks for Mac
7.7
Manufacturing module
Accounting by Wave
9.0
QuickBooks for Mac
6.9

Order Management

Accounting by Wave
7.8
QuickBooks for Mac
7.6
Pricing
Accounting by Wave
8.1
QuickBooks for Mac
8.0
Order entry
Accounting by Wave
8.0
QuickBooks for Mac
8.0
Credit card processing
Accounting by Wave
9.1
QuickBooks for Mac
8.7
Cost of goods sold
Accounting by Wave
8.8
QuickBooks for Mac
7.7
Order Orchestration
Accounting by Wave
8.0
QuickBooks for Mac
9.4
End-to-end order visibility
Accounting by Wave
4.7
QuickBooks for Mac
5.9
Order exception Resolution
Accounting by Wave
8.0
QuickBooks for Mac
5.9

Accounting Firm BPO Features

Accounting by Wave
8.0
QuickBooks for Mac
8.8
Branded client dashboards
Accounting by Wave
8.0
QuickBooks for Mac
7.4
Client data roll-up capabilities
Accounting by Wave
8.0
QuickBooks for Mac
9.9
Client data consolidation for benchmarking
Accounting by Wave
7.5
QuickBooks for Mac
9.9
Configurable alerts
Accounting by Wave
8.0
QuickBooks for Mac
10.0
Billing bypass
Accounting by Wave
8.0
QuickBooks for Mac
9.9
Client template cloning
Accounting by Wave
8.0
QuickBooks for Mac
7.9
Single sign-on
Accounting by Wave
9.0
QuickBooks for Mac
8.7
Configurable client onboarding questions
Accounting by Wave
8.0
QuickBooks for Mac
10.0
Cross-client workflow management
Accounting by Wave
8.0
QuickBooks for Mac
7.9
Industry-specific versioning
Accounting by Wave
8.0
QuickBooks for Mac
7.9
Legacy system data migration
Accounting by Wave
8.0
QuickBooks for Mac
7.4

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
  • It does a great job at fitting in the Apple ecosystem.
  • It looks and feels user friendly for less sophisticated users.
  • It's a great tool for those looking for a simple accounting solution.
Spencer Judd profile photo

Cons

  • One area of improvement for Wave would be combining the various mobile applications into one app.
  • Another room for improvement would be on the dashboard level. It would be great if they could use more bar graphs and get away from pie charts for things like expenses.
  • Some of the other areas from improvement have been addressed by recent updates so I am excited to see what else Wave brings out.
Lukas Sundahl, MBA profile photo
  • The customer option is not set up well for systems outside retail; I would love to see more flexibility in this area
  • Quickbooks is not a practice management system, so it is not HIPAA-compliant
No photo available

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 for Mac8.0
Based on 9 answers
I remain neutral as I am more than willing to support it and will recommend it if that is the appropriate choice.
Robyn Smithson, CB profile photo

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 for Mac8.0
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 Wave6.7
Based on 4 answers
WAVE is always available when we need it ! Peter
Peter Cullen profile photo
QuickBooks for Mac9.0
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 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
QuickBooks for Mac5.0
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 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

Wave is better in being my one place to go for collecting payments. PayPal is nice if you're on the road collecting payments through their app and using PayPal Here, but if you would like to keep invoicing in the same place as your bookkeeping, I think Wave is a better-integrated solution.
Carl Grivakis profile photo
Installing QB was easy and straight forward in comparison to other Mac apps. I'll be interested to see if updates are easy to accomplish. Adobe products are all cloud based as is QB & I am still uneasy about that as our business is located in a fairly remote & rural area and internet service although normally reliable is less so that in a major metro area.
Steve Muench profile photo

Rating for Public Practice CPAs

Accounting by Wave8.0
Based on 8 answers
It's easy and quick to setup. It's user friendly and doesn't use too much jargon so my clients understand it and use it properly. It allows me to switch between different clients quickly so I can respond to any queries by looking at the same data.
Paul Colman FCA 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 has removed several of the stresses of running my own business and helped me collect payment from a variety of local and national clients in one easy space.
  • Wave has helped give me eyes in on how my money has been allocated, and how the business expenses have been tracked.
  • Wave is a good self-service tool, that can do much of the work Quickbooks does for others, but as a free solution provider.
Carl Grivakis profile photo
  • It is to early for me to evaluate this. It will probably come down to how much time does QR save me vs. what the yearly cost + yearly credit card fees amount to.
Steve Muench 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