What users are saying about

Accounting by Wave

Top Rated
97 Ratings

Sage 300 ERP

61 Ratings

Accounting by Wave

Top Rated
97 Ratings
Score 9 out of 101

Sage 300 ERP

61 Ratings
Score 7.5 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

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.
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Feature Rating Comparison

Payroll Management

Accounting by Wave
7.9
Sage 300 ERP
8.4
Pay calculation
Accounting by Wave
8.4
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
7.5
Reimbursement management
Accounting by Wave
8.0
Sage 300 ERP
7.9

Customization

Accounting by Wave
9.1
Sage 300 ERP
5.9
API for custom integration
Accounting by Wave
8.9
Sage 300 ERP
6.5
Plug-ins
Accounting by Wave
9.2
Sage 300 ERP
5.3

Security

Accounting by Wave
8.6
Sage 300 ERP
7.4
Single sign-on capability
Accounting by Wave
9.0
Sage 300 ERP
6.1
Role-based user permissions
Accounting by Wave
8.2
Sage 300 ERP
8.6

Reporting & Analytics

Accounting by Wave
8.5
Sage 300 ERP
7.8
Dashboards
Accounting by Wave
8.4
Sage 300 ERP
7.5
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
7.6
Accounts payable
Accounting by Wave
8.4
Sage 300 ERP
8.4
Accounts receivable
Accounting by Wave
9.1
Sage 300 ERP
7.9
Cash management
Accounting by Wave
8.1
Sage 300 ERP
8.6
Bank reconciliation
Accounting by Wave
7.8
Sage 300 ERP
9.0
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
5.2
Sage 300 ERP
8.0
Multi-currency support
Accounting by Wave
8.6
Sage 300 ERP
4.6
Multi-division support
Accounting by Wave
7.4
Sage 300 ERP
7.4
Regulations compliance
Accounting by Wave
7.3
Sage 300 ERP
7.1
Electronic tax filing
Accounting by Wave
6.0
Sage 300 ERP
6.9
Self-service portal
Accounting by Wave
9.1
Sage 300 ERP
7.1
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
8.4
Sage 300 ERP
8.3
Enterprise Accounting
Accounting by Wave
8.7
Sage 300 ERP
8.0
Configurable Accounting
Accounting by Wave
8.7
Sage 300 ERP
9.1
Centralized Rules Framework
Accounting by Wave
9.0
Sage 300 ERP
8.0
Standardized Processes
Accounting by Wave
7.9
Sage 300 ERP
8.3

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
7.8
Sage 300 ERP
9.2
Pricing
Accounting by Wave
8.1
Sage 300 ERP
8.5
Order entry
Accounting by Wave
8.0
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
4.7
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

  • tracks and categorizes financial transactions with a direct link to bank accounts and credit cards - helpful since there is no manual input outside of verifying that a category is correct
  • easily creates invoices without the need to input customer information more than once. you can also send directly from the platform and toggle the option to accept credit card and ACH payments
  • creates financial reports with ease
Kristy Nittskoff profile photo
  • Track Job costs at a detailed lelel
  • Pay our construction vendors
  • Bill our customers
Lee Doxey profile photo

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
  • The only downside I find with Sage is the report exports into Excel. They can be unwieldy with many merged cells and numbers that come across as text.
  • The export function into Excel needs to be in more recent formats.
Annette Johanson 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
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

Each one of these cloud-based or desktop accounting services offer different pros and cons. It really comes down to the individual owner's wants and needs. While Wave is not going to be my first choice for a large, complex organization, it really shines when handling a one person shop who wants to keep track of their home and business finances in one place without all the complexity of traditional bookkeeping software. It's far less expensive than its competitors and has made constant strides to improve itself since day one. It also has a very friendly support staff who have a very fast response time.
Eric Matthews profile photo
As an accountant I find that Sage 300 works logically from an accounting perspective as opposed to other accounting packages that are aimed at users without an accounting background. MAS 500 is an excellent and powerful product but is not appropriate for the company size that I am now working with.
Annette Johanson profile photo

Rating for Public Practice CPAs

Accounting by Wave8.0
Based on 8 answers
I rated the software an 7 due to its ease of use. It would be rated higher, but I consider this to be a niche product instead of a go to product for all clients. This is the software to use if you want an inexpensive entry level software for an owner managed business.
Randy O'Malley 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

  • It's too soon to supply hard figures but today I have had two bookings from the same estimate. The feedback from it was that yes, they liked the service I was offering but they also wanted to know what software I was using for the estimate so clearly the layout left a positive impression.
  • I believe that this will save me money on accountant fees.
  • I believe that the card payment option will result in faster invoice payments.
Mia Awang profile photo
  • Increased employee efficiency.
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%.