What users are saying about

Accounting by Wave

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Top Rated
102 Ratings
61 Ratings

Accounting by Wave

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Top Rated
102 Ratings
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Score 9.1 out of 101
61 Ratings
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Score 7.6 out of 101

Add comparison

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

Sage 300 ERP

I believe that Sage 300 ERP is appropriate for a wide variety of companies looking for a system to maintain information in a concise manner. The level of complexity with which it is used is determined by the user group. Therefore, this product is great for companies that are just starting to grow right through to more mature companies looking for detailed data and analytics from their systems.
No photo available

Feature Rating Comparison

Payroll Management

Accounting by Wave
7.9
Sage 300 ERP
8.4
Pay calculation
Accounting by Wave
8.3
Sage 300 ERP
8.7
Benefit plan administration
Accounting by Wave
7.5
Sage 300 ERP
9.0
Direct deposit files
Accounting by Wave
8.0
Sage 300 ERP
9.0
Salary revision and increment management
Accounting by Wave
7.7
Sage 300 ERP
7.6
Reimbursement management
Accounting by Wave
8.0
Sage 300 ERP
7.9

Customization

Accounting by Wave
9.0
Sage 300 ERP
6.4
API for custom integration
Accounting by Wave
8.9
Sage 300 ERP
6.6
Plug-ins
Accounting by Wave
9.1
Sage 300 ERP
6.2

Security

Accounting by Wave
8.6
Sage 300 ERP
7.4
Single sign-on capability
Accounting by Wave
9.1
Sage 300 ERP
6.1
Role-based user permissions
Accounting by Wave
8.1
Sage 300 ERP
8.7

Reporting & Analytics

Accounting by Wave
8.4
Sage 300 ERP
7.8
Dashboards
Accounting by Wave
8.4
Sage 300 ERP
7.4
Standard reports
Accounting by Wave
8.3
Sage 300 ERP
7.7
Custom reports
Accounting by Wave
8.6
Sage 300 ERP
8.2

General Ledger and Configurable Accounting

Accounting by Wave
8.2
Sage 300 ERP
7.7
Accounts payable
Accounting by Wave
8.6
Sage 300 ERP
8.6
Accounts receivable
Accounting by Wave
9.2
Sage 300 ERP
8.2
Cash management
Accounting by Wave
8.0
Sage 300 ERP
8.7
Bank reconciliation
Accounting by Wave
7.8
Sage 300 ERP
9.2
Expense management
Accounting by Wave
8.5
Sage 300 ERP
8.3
Time tracking
Accounting by Wave
7.3
Sage 300 ERP
7.0
Fixed asset management
Accounting by Wave
6.3
Sage 300 ERP
8.0
Multi-currency support
Accounting by Wave
8.5
Sage 300 ERP
4.7
Multi-division support
Accounting by Wave
7.5
Sage 300 ERP
7.5
Regulations compliance
Accounting by Wave
7.3
Sage 300 ERP
7.1
Electronic tax filing
Accounting by Wave
6.0
Sage 300 ERP
6.8
Self-service portal
Accounting by Wave
9.0
Sage 300 ERP
7.2
Global Financial Support
Accounting by Wave
9.0
Sage 300 ERP
2.0
Primary and Secondary Ledgers
Accounting by Wave
9.3
Sage 300 ERP
9.0
Intercompany Accounting
Accounting by Wave
8.7
Sage 300 ERP
9.0
Localizations
Accounting by Wave
9.5
Sage 300 ERP
7.0
Journals and Reconciliations
Accounting by Wave
8.1
Sage 300 ERP
8.5
Enterprise Accounting
Accounting by Wave
8.7
Sage 300 ERP
8.6
Configurable Accounting
Accounting by Wave
8.5
Sage 300 ERP
9.1
Centralized Rules Framework
Accounting by Wave
9.0
Sage 300 ERP
8.0
Standardized Processes
Accounting by Wave
8.0
Sage 300 ERP
8.2

Inventory Management

Accounting by Wave
8.9
Sage 300 ERP
9.2
Inventory tracking
Accounting by Wave
9.5
Sage 300 ERP
10.0
Automatic reordering
Accounting by Wave
8.0
Sage 300 ERP
8.6
Location management
Accounting by Wave
9.0
Sage 300 ERP
10.0
Manufacturing module
Accounting by Wave
9.0
Sage 300 ERP
8.2

Order Management

Accounting by Wave
7.9
Sage 300 ERP
9.2
Pricing
Accounting by Wave
8.3
Sage 300 ERP
8.5
Order entry
Accounting by Wave
8.3
Sage 300 ERP
10.0
Credit card processing
Accounting by Wave
9.1
Sage 300 ERP
8.3
Cost of goods sold
Accounting by Wave
8.8
Sage 300 ERP
10.0
Order Orchestration
Accounting by Wave
8.0
Sage 300 ERP
End-to-end order visibility
Accounting by Wave
4.8
Sage 300 ERP
Order exception Resolution
Accounting by Wave
8.0
Sage 300 ERP

Accounting Firm BPO Features

Accounting by Wave
8.0
Sage 300 ERP
4.0
Branded client dashboards
Accounting by Wave
8.0
Sage 300 ERP
2.0
Client data roll-up capabilities
Accounting by Wave
8.0
Sage 300 ERP
6.0
Client data consolidation for benchmarking
Accounting by Wave
7.5
Sage 300 ERP
7.0
Configurable alerts
Accounting by Wave
8.0
Sage 300 ERP
1.0
Billing bypass
Accounting by Wave
8.0
Sage 300 ERP
2.0
Client template cloning
Accounting by Wave
8.0
Sage 300 ERP
1.0
Single sign-on
Accounting by Wave
9.0
Sage 300 ERP
4.0
Configurable client onboarding questions
Accounting by Wave
8.0
Sage 300 ERP
2.0
Cross-client workflow management
Accounting by Wave
8.0
Sage 300 ERP
4.0
Industry-specific versioning
Accounting by Wave
8.0
Sage 300 ERP
6.0
Legacy system data migration
Accounting by Wave
8.0
Sage 300 ERP
9.0

Pros

  • Quoting and Invoicing - This feature is huge to be able to manage customers and automate the process of sending invoices as well as reminding outstanding balance holders about their obligations.
  • Payment Processing - Once you get the invoicing down, the ability to process credit card and ACH payments in a single package is great. The fees are competitive and the turn-around time to money in the bank is quick.
  • Bank Integrations - I mean, this ought to be a standard thing these days, but Wave makes it super simple. There is no need to use esoteric APIs or ugly interfaces - everything is in the same Wave wrapper and the functionality is truly seamless.
No photo available
  • Overall ease of use and intuitive navigation - minimal training has been required to use the system efficiently and effectively
  • Customer Inquiry - quickly see outstanding documents and drill down on any item (open or paid) to find the information you need
  • Most reports are easy to export into a workable Excel format using the Excel - data only or csv file format.
No photo available

Cons

  • The mobile experience leaves a lot to be desired. While I can use the receipt app to capture expenses, we live in a mobile digital world where I need to be able to create quotes and invoices on the spot and not back at my desk.
  • There are a few accounting and account related tools that could use some sharpening. For example, there isn't a good way to merge transactions - so when I snap a picture of a receipt and add it there is trouble reconciling against the bank. This shows up as two discrete transactions that cannot be merged - so one has to be manually deleted. It kind of defeats the purpose of scanning the receipts in entirely.
  • We've struggled with integrating debt accounts. For example, a shareholder may pay for something to get us by one day - how to we capture that as a debt owed? There isn't a way. The "shareholder debt" account doesn't talk to the rest of the system.
No photo available
  • There are many options for setting customer pricing, but I would like to be able to show a list price, discount, and net invoice price on the customer invoice and also reflect this in the O/E sales history report. Related to this, in the general ledger, I would like to report the gross sales in one G/L and the discount in a separate G/L account. Currently, only the net sell price is recorded in the general ledger and shown on the O/E sales history report.
  • It would be nice to be able to tag or link files to transactions.
  • Many of the inventory control reports take a long time to run. This can be painful when trying to investigate issues.
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
Sage 300 ERP8.4
Based on 2 answers
Sage takes care of all of our accounting needs. I will not consider using another accounting product
Marcia Flocks 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
Sage 300 ERP6.0
Based on 2 answers
Every product can use modest improvement. Sage needs a more modern interface using some of the functionality we see in common interfaces we use every day in the web and with modern operating systems.
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
No score
No answers yet
No answers on this topic

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
Sage 300 ERP7.3
Based on 1 answer
Turnover is high in the Sage Support department so sometimes it is difficult to get a rep who knows the issue well. Reps are good and getting assistance when they need it. Sometimes support is more interested in closing issue than actually solving problem. It can be difficult at times to have issues escalated but overall the support is good.
No photo available

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 FREE for most functions. Payment processing costs no matter where you go (as does payroll or taxes). Wave rises above tools like QuickBooks Online because they know that for our small firm, being nimble is the name of the game. We don't need exhaustive reporting and management like QB offers and we certainly don't want to pay for it
No photo available
Sage is much better at multicurrency support
No photo available

Rating for Public Practice CPAs

Accounting by Wave8.0
Based on 8 answers
I think this is a good product; however it does fall short of its competitors in several areas.
Andrew Wall, CPA, CMA 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
  • Provides for better customer service
  • Allows us to monitor our performance efficiently
No photo available

Pricing Details

Accounting by Wave

General
Free Trial
Free/Freemium Version
Premium Consulting/Integration Services
Entry-level set up fee?
No
Accounting by Wave Editions & Modules
Accounting by Wave
Additional Pricing Details

Sage 300 ERP

General
Free Trial
Free/Freemium Version
Premium Consulting/Integration Services
Yes
Entry-level set up fee?
No
Sage 300 ERP Editions & Modules
Sage 300 ERP
Edition
Sage 300 ERP Standard
$1,6551
Sage 300 ERP Advanced
$1,6651
Sage 300 ERP Premium
$1,6652
1. Lifetime License per Seat
2. Lifetime License (unlimited seats)
Additional Pricing Details
Our pricing is by module and by license and can range depending on what the customers requirements are. Most of our financial and operational modules are $1655.00 each, plus user license, plus an annual business care of 24%.