What users are saying about

Accounting by Wave

Top Rated
97 Ratings

Accounting by Wave

Top Rated
97 Ratings
Score 9.1 out of 101

Sage One Accounting

31 Ratings
Score 6.9 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 One Accounting

Sage One seems to compete at the lower end of the spectrum in terms of the complexity of needs of a particular business that is selecting an accounting system. It would be OK in a scenario where a user has more of an accounting background due to the more dated "accountant like" interface. The product is suited for a good variety of industries in the small business size category. However, some features where the product is weak would not make it appropriate for a specific industry (ie. time tracking as previously noted). The product for some reason has a couple of advanced features that you normally see on a higher end product (ie. multi-currency, for example), so the product could've been improved if some intermediate features had been developed instead.
Laurence Sarner profile photo

Feature Rating Comparison

Payroll Management

Accounting by Wave
7.9
Sage One Accounting
8.1
Pay calculation
Accounting by Wave
8.4
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
9.1
Sage One Accounting
9.0
API for custom integration
Accounting by Wave
8.9
Sage One Accounting
9.0
Plug-ins
Accounting by Wave
9.2
Sage One Accounting
9.0

Security

Accounting by Wave
8.6
Sage One Accounting
9.5
Single sign-on capability
Accounting by Wave
9.0
Sage One Accounting
9.0
Role-based user permissions
Accounting by Wave
8.2
Sage One Accounting
10.0

Reporting & Analytics

Accounting by Wave
8.5
Sage One Accounting
8.3
Dashboards
Accounting by Wave
8.5
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
8.5
Sage One Accounting
9.0
Accounts receivable
Accounting by Wave
9.2
Sage One Accounting
9.0
Cash management
Accounting by Wave
8.2
Sage One Accounting
8.0
Bank reconciliation
Accounting by Wave
7.8
Sage One Accounting
10.0
Expense management
Accounting by Wave
8.6
Sage One Accounting
8.0
Time tracking
Accounting by Wave
7.3
Sage One Accounting
7.6
Fixed asset management
Accounting by Wave
6.2
Sage One Accounting
7.3
Multi-currency support
Accounting by Wave
8.6
Sage One Accounting
10.0
Multi-division support
Accounting by Wave
7.6
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
9.1
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
8.4
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
7.9
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
8.9
Sage One Accounting
6.7
Order Orchestration
Accounting by Wave
8.0
Sage One Accounting
End-to-end order visibility
Accounting by Wave
4.7
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

  • 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
  • Sage One is customer focused which is great! The invest a lot of time and resources into evaluating the customers' needs to improve the product.
  • Conveniently generates various reports that allow you to review the financial status of your company in a few clicks.
  • Provides the ability to link business accounts to the software...whether they are online or brick and mortar. This allows for a seamless snapshot of your cashflow.
Denise Zannu profile photo

Cons

  • My biggest request is that they add a way to link invoice payments with the bank deposits . When a payment is made through Wave, they show the income and it is marked with the invoice number, but when they transfer the money into the bank, the credit is not tied to the invoice(s). You have to figure out by hand and delete the transaction from the bank to prevent getting double credit on it
  • It would be good to have a field for CC email on each customer. Currently you have to add any CC when sending.
  • On the Transactions view, a few more search options would be helpful.
No photo available
  • I would like to be able to run a report of all invoices that have been emailed, and how long ago they were sent.
  • I would also like to change what name is used from the contact when sending an invoice by email.
Cheryl DeMeo 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

Across the board Wave takes the cake on price at $0/mo aside from payroll fees and credit card processing. That aside I'd say most accounting systems are fairly similar, however what I like about Wave is just how simple the interface is and the outstanding customer support from both the community and the company.
Matthew Gehrman profile photo
I have used a number of accounting packages over the years but have found them to be complicated and not user friendly. They do not compare with Sage One which I find extremely user friendly and very efficient.
Leisel Petrie 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

  • Wave has been ROI positive for our company. With not having to pay for the service we can use our money for growing our business.
  • The fees on credit card transactions for invoices are reasonable especially as we don't pay a monthly subscription.
  • The invoicing feature has made our lives easier for us and our customers. The invoicing piece and AR tracking has been ROI positive as well.
Lukas Sundahl, MBA 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.