What users are saying about

Accounting by Wave

<a href='https://www.trustradius.com/static/about-trustradius-scoring#question3' target='_blank' rel='nofollow'>Customer Verified: Read more.</a>
Top Rated
102 Ratings

Accounting by Wave

<a href='https://www.trustradius.com/static/about-trustradius-scoring#question3' target='_blank' rel='nofollow'>Customer Verified: Read more.</a>
Top Rated
102 Ratings
<a href='https://www.trustradius.com/static/about-trustradius-scoring' target='_blank' rel='nofollow'>trScore algorithm: Learn more.</a>
Score 9.1 out of 101
32 Ratings
<a href='https://www.trustradius.com/static/about-trustradius-scoring' target='_blank' rel='nofollow'>trScore algorithm: Learn more.</a>
Score 6.5 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 One Accounting

The software is suited to many small business owners who want to track their sales and expenses in one location rather than having an invoicing program and tracking expenses on paper or Excel or not at all. This has so many easy to use features thus making a terrifying job for some so easy and seamless.
Debrah Burleigh CPB profile photo

Feature Rating Comparison

Payroll Management

Accounting by Wave
7.9
Sage One Accounting
8.1
Pay calculation
Accounting by Wave
8.3
Sage One Accounting
8.2
Benefit plan administration
Accounting by Wave
7.5
Sage One Accounting
8.2
Direct deposit files
Accounting by Wave
8.0
Sage One Accounting
8.2
Salary revision and increment management
Accounting by Wave
7.7
Sage One Accounting
8.2
Reimbursement management
Accounting by Wave
8.0
Sage One Accounting
7.9

Customization

Accounting by Wave
9.0
Sage One Accounting
9.0
API for custom integration
Accounting by Wave
8.9
Sage One Accounting
9.0
Plug-ins
Accounting by Wave
9.1
Sage One Accounting
9.0

Security

Accounting by Wave
8.6
Sage One Accounting
9.5
Single sign-on capability
Accounting by Wave
9.1
Sage One Accounting
9.0
Role-based user permissions
Accounting by Wave
8.1
Sage One Accounting
10.0

Reporting & Analytics

Accounting by Wave
8.4
Sage One Accounting
8.3
Dashboards
Accounting by Wave
8.4
Sage One Accounting
8.0
Standard reports
Accounting by Wave
8.3
Sage One Accounting
10.0
Custom reports
Accounting by Wave
8.6
Sage One Accounting
7.0

General Ledger and Configurable Accounting

Accounting by Wave
8.2
Sage One Accounting
8.4
Accounts payable
Accounting by Wave
8.6
Sage One Accounting
9.0
Accounts receivable
Accounting by Wave
9.2
Sage One Accounting
9.0
Cash management
Accounting by Wave
8.0
Sage One Accounting
8.0
Bank reconciliation
Accounting by Wave
7.8
Sage One Accounting
10.0
Expense management
Accounting by Wave
8.5
Sage One Accounting
8.0
Time tracking
Accounting by Wave
7.3
Sage One Accounting
7.6
Fixed asset management
Accounting by Wave
6.3
Sage One Accounting
7.3
Multi-currency support
Accounting by Wave
8.5
Sage One Accounting
10.0
Multi-division support
Accounting by Wave
7.5
Sage One Accounting
7.0
Regulations compliance
Accounting by Wave
7.3
Sage One Accounting
8.5
Electronic tax filing
Accounting by Wave
6.0
Sage One Accounting
8.2
Self-service portal
Accounting by Wave
9.0
Sage One Accounting
8.0
Global Financial Support
Accounting by Wave
9.0
Sage One Accounting
8.0
Primary and Secondary Ledgers
Accounting by Wave
9.3
Sage One Accounting
Intercompany Accounting
Accounting by Wave
8.7
Sage One Accounting
Localizations
Accounting by Wave
9.5
Sage One Accounting
Journals and Reconciliations
Accounting by Wave
8.1
Sage One Accounting
10.0
Enterprise Accounting
Accounting by Wave
8.7
Sage One Accounting
Configurable Accounting
Accounting by Wave
8.5
Sage One Accounting
8.0
Centralized Rules Framework
Accounting by Wave
9.0
Sage One Accounting
Standardized Processes
Accounting by Wave
8.0
Sage One Accounting
8.0

Inventory Management

Accounting by Wave
8.9
Sage One Accounting
7.5
Inventory tracking
Accounting by Wave
9.5
Sage One Accounting
8.0
Automatic reordering
Accounting by Wave
8.0
Sage One Accounting
7.3
Location management
Accounting by Wave
9.0
Sage One Accounting
7.6
Manufacturing module
Accounting by Wave
9.0
Sage One Accounting
7.3

Order Management

Accounting by Wave
7.9
Sage One Accounting
7.5
Pricing
Accounting by Wave
8.3
Sage One Accounting
8.0
Order entry
Accounting by Wave
8.3
Sage One Accounting
8.0
Credit card processing
Accounting by Wave
9.1
Sage One Accounting
7.4
Cost of goods sold
Accounting by Wave
8.8
Sage One Accounting
6.7
Order Orchestration
Accounting by Wave
8.0
Sage One Accounting
End-to-end order visibility
Accounting by Wave
4.8
Sage One Accounting
Order exception Resolution
Accounting by Wave
8.0
Sage One Accounting

Accounting Firm BPO Features

Accounting by Wave
8.0
Sage One Accounting
8.4
Branded client dashboards
Accounting by Wave
8.0
Sage One Accounting
7.8
Client data roll-up capabilities
Accounting by Wave
8.0
Sage One Accounting
9.1
Client data consolidation for benchmarking
Accounting by Wave
7.5
Sage One Accounting
8.5
Configurable alerts
Accounting by Wave
8.0
Sage One Accounting
9.1
Billing bypass
Accounting by Wave
8.0
Sage One Accounting
7.7
Client template cloning
Accounting by Wave
8.0
Sage One Accounting
9.1
Single sign-on
Accounting by Wave
9.0
Sage One Accounting
9.0
Configurable client onboarding questions
Accounting by Wave
8.0
Sage One Accounting
8.0
Cross-client workflow management
Accounting by Wave
8.0
Sage One Accounting
8.2
Industry-specific versioning
Accounting by Wave
8.0
Sage One Accounting
7.9
Legacy system data migration
Accounting by Wave
8.0
Sage One Accounting
8.0

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
  • Sage One is an easy to set-up and use program. With little time required, a small business can be up and invoicing clients with a professional looking system. The payment feature that integrates into the invoicing allows companies to receive payments at a much faster rate, increasing their cash flow.
  • Sage One integrates easily in Sage 50 allowing a great collaboration between a business owner and their accounting team. There is no longer a lag time between waiting for paperwork to come in from clients, we can simply download their invoicing, help reconcile banks in real time.
  • Sage One is accessible anywhere for my clients. They are no longer tied to a desk invoicing, collecting payments, or entering expenses. They can be anywhere in the world, on any device with internet. My clients can take holidays!
Jaime Rein profile photo

Cons

  • I know that credit card processing is a way for Wave to make money, but I really wish they offered ACH payment on Invoices.
  • I do cash-based accounting, which means I have to make little journal entries at the start and end of each year to get my books to balance because Wave wants to do everything differently. This should just be a setting to flip, whether you want cash-based or accrual-based.
  • They use Yodlee for bank connection, which doesn't play nice with 2FA. Pretty much every time I log in I have to re-enter credentials, get a code sent to me, reauthenticate, and know that I'm going to have to do it again next week. Not really on Wave, but wish they could get it together nonetheless.
J.P. VanderLinden profile photo
  • In the invoicing section, I would love to see a "recurring" button for faster entries for monthly billing clients.
Jaime Rein 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
No score
No answers yet
No answers on this topic

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 One Accounting9.1
Based on 1 answer
I love the convenience of Sage One as I can access it anywhere I have internet. I also love how user friendly it is, my customers who do not have any kind of accounting or bookkeeping background are able to quickly learn systems and procedures that I help set up for them to stay on top of their finances to work towards having a successful business. It has so many features to help make things easy for you to keep track of your finances allowing you more time to work on your business.
Debrah Burleigh CPB 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
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
Sage One Accounting9.1
Based on 1 answer
The product continues to improve and very excited about the new release coming soon.
Debrah Burleigh CPB profile photo

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 One Accounting9.1
Based on 1 answer
They are always there no matter how big or small my issue may be to support me and my customers to come up with a solution. The staff is always there by chat or phone and even remote support to solve any issues. I have noticed that Sage is always training there staff keeping the up to date on all the new releases so they are better able to support us.
Debrah Burleigh CPB 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
Sage One Accounting8.2
Based on 1 answer
I find the online training was very informative and they answered all my questions. I am also certified in Sage One and provided online training in the program which I have set up several people on and they love how it keeps them organized.
Debrah Burleigh CPB profile photo

Alternatives Considered

For the pricing arrangement, the ease of use and the user-friendliness of the app, Wave crushes QuickBooks Online and Zoho Books. FreshBooks was a little bit closer as the two are more of an apples-to-apples comparison, but FreshBooks doesn't offer a non-paid option and they cap the number of customers you can have, which caused me to go with Wave. I've never regretted my decision.
J.P. VanderLinden profile photo
I have used Wave Accounting, and while it is an excellent cloud accounting software, it doesn't allow us to work collaboratively with our customers. They both allow me to sign in and work with our clients books within the program, but Wave doesn't integrate into Sage 50 which is a must for clients that I know want to continue to grow.
Jaime Rein 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

  • I can't mark down a specific ROI, because Wave doesn't have a cost the way I use it. But compared to Quickbooks Online or similar software I'd put Wave at least on par if not better for my needs, which means I am getting a huge return for no cost.
J.P. VanderLinden profile photo
  • Ability to add-on: Positive ROI can be achieved by building you own customized solution by adding on partner apps. Such apps extend the functionality of the product to accommodate certain business requirements.
  • Product is slower than competitors: Negative ROI as product seems to be comparatively slower than competitors when holding other variables constant (ie. browser version, Internet connection speed, etc.) In a busy accounting cycle, this can have a substantial impact. Also, back buttons don't allow for retaining same screen input data.
  • Reports functionality strong: Positive ROI due to ability to view data in many dimensions/formats.
  • Ability to connect financial accounts: Positive ROI as data from financial accounts automatically brought into the accounts where it can approved for posting, thus eliminating manual entry.
Laurence Sarner profile photo

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 One Accounting

General
Free Trial
Free/Freemium Version
Yes
Premium Consulting/Integration Services
Entry-level set up fee?
No
Sage One Accounting Editions & Modules
Sage One Accounting
Edition
Sage One Accounting Free
$01
Sage One Accounting Premium
$52
1. Per User per Month
2. Per Month [Unlimited Users]
Additional Pricing Details
Versions and pricing listed are for US products. Versions available and pricing may vary by country.