What users are saying about

Accounting by Wave

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Top Rated
102 Ratings
Top Rated
242 Ratings

Accounting by Wave

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Top Rated
102 Ratings
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Score 9.1 out of 101
Top Rated
242 Ratings
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Score 8.1 out of 101

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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 Premier

QuickBooks Premier is not well suited to manufacturing industries, as it cannot handle the complicated inventory requirements of raw materials, work in process, and finished goods. Retailers and Wholesalers can use QuickBooks Premier as long as they have an add-on inventory tracking program or Point of Sale system that integrates with QuickBooks. Likewise, restaurants would need specialized restaurant software that integrates with QuickBooks Premier. Non-profits can use QuickBooks Premier non-profit edition, but if they use fund accounting, it will require some complicated work-arounds. QuickBooks Premier is well-suited to most construction trades, personal and professional services providers, small retailers, and rental property owners.
No photo available

Feature Rating Comparison

Payroll Management

Accounting by Wave
7.9
QuickBooks Premier
8.2
Pay calculation
Accounting by Wave
8.3
QuickBooks Premier
9.2
Benefit plan administration
Accounting by Wave
7.5
QuickBooks Premier
7.1
Direct deposit files
Accounting by Wave
8.0
QuickBooks Premier
9.5
Salary revision and increment management
Accounting by Wave
7.7
QuickBooks Premier
7.6
Reimbursement management
Accounting by Wave
8.0
QuickBooks Premier
7.6

Customization

Accounting by Wave
9.0
QuickBooks Premier
7.3
API for custom integration
Accounting by Wave
8.9
QuickBooks Premier
7.3
Plug-ins
Accounting by Wave
9.1
QuickBooks Premier
7.3

Security

Accounting by Wave
8.6
QuickBooks Premier
8.9
Single sign-on capability
Accounting by Wave
9.1
QuickBooks Premier
8.6
Role-based user permissions
Accounting by Wave
8.1
QuickBooks Premier
9.1

Reporting & Analytics

Accounting by Wave
8.4
QuickBooks Premier
8.3
Dashboards
Accounting by Wave
8.4
QuickBooks Premier
8.4
Standard reports
Accounting by Wave
8.3
QuickBooks Premier
8.3
Custom reports
Accounting by Wave
8.6
QuickBooks Premier
8.1

General Ledger and Configurable Accounting

Accounting by Wave
8.2
QuickBooks Premier
7.5
Accounts payable
Accounting by Wave
8.6
QuickBooks Premier
9.2
Accounts receivable
Accounting by Wave
9.2
QuickBooks Premier
9.2
Cash management
Accounting by Wave
8.0
QuickBooks Premier
7.5
Bank reconciliation
Accounting by Wave
7.8
QuickBooks Premier
8.5
Expense management
Accounting by Wave
8.5
QuickBooks Premier
8.8
Time tracking
Accounting by Wave
7.3
QuickBooks Premier
8.0
Fixed asset management
Accounting by Wave
6.3
QuickBooks Premier
8.4
Multi-currency support
Accounting by Wave
8.5
QuickBooks Premier
8.7
Multi-division support
Accounting by Wave
7.5
QuickBooks Premier
5.7
Regulations compliance
Accounting by Wave
7.3
QuickBooks Premier
2.9
Electronic tax filing
Accounting by Wave
6.0
QuickBooks Premier
9.2
Self-service portal
Accounting by Wave
9.0
QuickBooks Premier
7.5
Global Financial Support
Accounting by Wave
9.0
QuickBooks Premier
5.0
Primary and Secondary Ledgers
Accounting by Wave
9.3
QuickBooks Premier
5.6
Intercompany Accounting
Accounting by Wave
8.7
QuickBooks Premier
8.4
Localizations
Accounting by Wave
9.5
QuickBooks Premier
5.0
Journals and Reconciliations
Accounting by Wave
8.1
QuickBooks Premier
8.7
Enterprise Accounting
Accounting by Wave
8.7
QuickBooks Premier
9.0
Configurable Accounting
Accounting by Wave
8.5
QuickBooks Premier
6.9
Centralized Rules Framework
Accounting by Wave
9.0
QuickBooks Premier
6.6
Standardized Processes
Accounting by Wave
8.0
QuickBooks Premier
9.3

Inventory Management

Accounting by Wave
8.9
QuickBooks Premier
6.0
Inventory tracking
Accounting by Wave
9.5
QuickBooks Premier
7.7
Automatic reordering
Accounting by Wave
8.0
QuickBooks Premier
4.3
Location management
Accounting by Wave
9.0
QuickBooks Premier
9.0
Manufacturing module
Accounting by Wave
9.0
QuickBooks Premier
3.0

Order Management

Accounting by Wave
7.9
QuickBooks Premier
9.7
Pricing
Accounting by Wave
8.3
QuickBooks Premier
9.7
Order entry
Accounting by Wave
8.3
QuickBooks Premier
9.7
Credit card processing
Accounting by Wave
9.1
QuickBooks Premier
9.0
Cost of goods sold
Accounting by Wave
8.8
QuickBooks Premier
9.5
Order Orchestration
Accounting by Wave
8.0
QuickBooks Premier
10.0
End-to-end order visibility
Accounting by Wave
4.8
QuickBooks Premier
10.0
Order exception Resolution
Accounting by Wave
8.0
QuickBooks Premier

Accounting Firm BPO Features

Accounting by Wave
8.0
QuickBooks Premier
5.7
Branded client dashboards
Accounting by Wave
8.0
QuickBooks Premier
7.6
Client data roll-up capabilities
Accounting by Wave
8.0
QuickBooks Premier
5.0
Client data consolidation for benchmarking
Accounting by Wave
7.5
QuickBooks Premier
5.0
Configurable alerts
Accounting by Wave
8.0
QuickBooks Premier
5.0
Billing bypass
Accounting by Wave
8.0
QuickBooks Premier
5.0
Client template cloning
Accounting by Wave
8.0
QuickBooks Premier
5.0
Single sign-on
Accounting by Wave
9.0
QuickBooks Premier
7.6
Configurable client onboarding questions
Accounting by Wave
8.0
QuickBooks Premier
5.0
Cross-client workflow management
Accounting by Wave
8.0
QuickBooks Premier
5.0
Industry-specific versioning
Accounting by Wave
8.0
QuickBooks Premier
7.6
Legacy system data migration
Accounting by Wave
8.0
QuickBooks Premier
5.0

Pros

  • 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 Premier is easy to use, yet flexible and powerful enough to handle some complicated accounting scenarios.
  • QuickBooks Premier offers a wide array of canned reports. Custom reports can be easily created.
  • QuickBooks Premier with Enhanced Payroll gives us the tools to handle complex payrolls with multiple variables.
No photo available

Cons

  • Wave is owned by ADP and integrates well, but I'm less of a fan of ADP these days, so I'll need to work out how it'll work out with alternate payroll providers.
  • The app for Wave has some great functions, but the website has much more complete integration, where you can 'skip' sending an invoice if you're just using it to track invoices for retainer-based clients.
  • The receipt tracking app is separate from the accounting app, and could possibly be integrated better.
Carl Grivakis profile photo
  • Reporting - it would be nice to have an option to remove subaccounts when certain reports are generated.
  • The program could be more flexible in the reporting area. For instance, accumulated depreciation is sometimes presented before the fixed asset accounts on the balance sheet. It would be nice if rows and columns could be manipulated more to get a better looking report.
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 Premier5.3
Based on 12 answers
Ceased using it.
Diane Leigh Davison 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 Premier7.9
Based on 9 answers
Clients with limited accounting background can learn to use the system effectively with limited training.
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 Premier8.9
Based on 5 answers
This is very reliable software, the desktop version is fast. If there is a problem, it is most likely on your own hardware!
Silvia Evans 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 Premier5.7
Based on 4 answers
It takes forever to load.
No photo available

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 Premier7.4
Based on 7 answers
The Quickbooks support is good but still has some room for improvement.
Cristine Delos Santos 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 Premier1.0
Based on 1 answer
No answer on this topic is available.

Implementation

No score
No answers yet
No answers on this topic
QuickBooks Premier7.2
Based on 7 answers
Hire appropriate help to ensure you know how to use the system from the beginning.
No photo available

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
EasyAcct is a multiple general ledger system developed for accounting firms.Peachtree by Sage (Quantum) is similar to QuickBooks but not as user friendly.QuickBooks is a market leader for small business both used by accounting firms and their clients.
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 Premier6.2
Based on 4 answers
They're getting better. Still room for improvement.
No photo available

Return on Investment

  • Helps keep boring cash accounting more orderly and professional. I could use spreadsheets, but why?
  • Saves money over other options, with a nice UI.
Geri Lynn Peak profile photo
  • QB Premier has streamlined many previously manual entry accounting processes within our company effectively saving time and money!
  • QB Premier has saved my company several thousand dollars each year in man hours it would take for manual entry and adjustment of our books.
Tracie Jones 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 Premier

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