What users are saying about

Accounting by Wave

Top Rated
97 Ratings

SlickPie

3 Ratings

Accounting by Wave

Top Rated
97 Ratings
Score 9.1 out of 101

SlickPie

3 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

SlickPie

In my opinion, SlickPie is best suited for small business owners and freelancers, especially service-based ones. If that's your case, then it's a no-brainer. However, if you are a bigger enterprise or if you are not a service-based business, then it might not be the best choice for you. Still, the software is free to use, so you might just give it a try anyway.
Gerald Butterton profile photo

Feature Rating Comparison

Payroll Management

Accounting by Wave
7.9
SlickPie
Pay calculation
Accounting by Wave
8.4
SlickPie
Benefit plan administration
Accounting by Wave
7.5
SlickPie
Direct deposit files
Accounting by Wave
8.0
SlickPie
Salary revision and increment management
Accounting by Wave
7.7
SlickPie
Reimbursement management
Accounting by Wave
8.0
SlickPie

Customization

Accounting by Wave
9.1
SlickPie
10.0
API for custom integration
Accounting by Wave
8.9
SlickPie
10.0
Plug-ins
Accounting by Wave
9.2
SlickPie
10.0

Security

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

Reporting & Analytics

Accounting by Wave
8.5
SlickPie
10.0
Dashboards
Accounting by Wave
8.5
SlickPie
Standard reports
Accounting by Wave
8.3
SlickPie
10.0
Custom reports
Accounting by Wave
8.6
SlickPie

General Ledger and Configurable Accounting

Accounting by Wave
8.2
SlickPie
10.0
Accounts payable
Accounting by Wave
8.5
SlickPie
10.0
Accounts receivable
Accounting by Wave
9.2
SlickPie
10.0
Cash management
Accounting by Wave
8.2
SlickPie
10.0
Bank reconciliation
Accounting by Wave
7.8
SlickPie
10.0
Expense management
Accounting by Wave
8.6
SlickPie
Time tracking
Accounting by Wave
7.3
SlickPie
Fixed asset management
Accounting by Wave
6.2
SlickPie
Multi-currency support
Accounting by Wave
8.6
SlickPie
Multi-division support
Accounting by Wave
7.6
SlickPie
10.0
Regulations compliance
Accounting by Wave
7.3
SlickPie
Electronic tax filing
Accounting by Wave
6.0
SlickPie
10.0
Self-service portal
Accounting by Wave
9.1
SlickPie
Global Financial Support
Accounting by Wave
9.0
SlickPie
Primary and Secondary Ledgers
Accounting by Wave
9.3
SlickPie
Intercompany Accounting
Accounting by Wave
8.7
SlickPie
Localizations
Accounting by Wave
9.5
SlickPie
Journals and Reconciliations
Accounting by Wave
8.4
SlickPie
Enterprise Accounting
Accounting by Wave
8.7
SlickPie
Configurable Accounting
Accounting by Wave
8.5
SlickPie
Centralized Rules Framework
Accounting by Wave
9.0
SlickPie
Standardized Processes
Accounting by Wave
7.9
SlickPie

Inventory Management

Accounting by Wave
8.9
SlickPie
Inventory tracking
Accounting by Wave
9.5
SlickPie
Automatic reordering
Accounting by Wave
8.0
SlickPie
Location management
Accounting by Wave
9.0
SlickPie
Manufacturing module
Accounting by Wave
9.0
SlickPie

Order Management

Accounting by Wave
7.9
SlickPie
10.0
Pricing
Accounting by Wave
8.3
SlickPie
10.0
Order entry
Accounting by Wave
8.3
SlickPie
Credit card processing
Accounting by Wave
9.1
SlickPie
10.0
Cost of goods sold
Accounting by Wave
8.9
SlickPie
Order Orchestration
Accounting by Wave
8.0
SlickPie
End-to-end order visibility
Accounting by Wave
4.7
SlickPie
Order exception Resolution
Accounting by Wave
8.0
SlickPie

Accounting Firm BPO Features

Accounting by Wave
8.0
SlickPie
10.0
Branded client dashboards
Accounting by Wave
8.0
SlickPie
Client data roll-up capabilities
Accounting by Wave
8.0
SlickPie
Client data consolidation for benchmarking
Accounting by Wave
7.5
SlickPie
Configurable alerts
Accounting by Wave
8.0
SlickPie
10.0
Billing bypass
Accounting by Wave
8.0
SlickPie
Client template cloning
Accounting by Wave
8.0
SlickPie
Single sign-on
Accounting by Wave
9.0
SlickPie
Configurable client onboarding questions
Accounting by Wave
8.0
SlickPie
Cross-client workflow management
Accounting by Wave
8.0
SlickPie
Industry-specific versioning
Accounting by Wave
8.0
SlickPie
Legacy system data migration
Accounting by Wave
8.0
SlickPie
10.0

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
  • The software is fast, reliable, and easy to use.
  • It makes me get paid faster through instant customizable online invoices.
  • Great handy automation tools that save me quite some time.
  • Support was always helpful when I needed it.
  • Beautiful and intuitive design.
  • It's free to use.
Gerald Butterton profile photo

Cons

  • Not too much to complain about with Wave although I do wish they kept an audit trail of all invoice reminders sent, changes in the invoice, and have the ability to pull reports with this data. This functionality would be great to review clients as a whole to determine profitability and time spent with these clients.
  • 9% processing fees for all cards which is a bit higher than some of the competitors like Blue Pay. The pro to this though is there's no monthly commitment or monthly service fees.
Matthew Gehrman profile photo
  • Some more invoice templates would be nice.
  • Some more charts would be good too.
Gerald Butterton 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
No score
No answers yet
No answers on this topic

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
No score
No answers yet
No answers on this topic

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

I was never able to figure out Gnu cash so I had to mostly use excel, until I found Wave
Torrey Holman profile photo
Before shifting to SlickPie I was using QBO, so I guess I'll list it as a competitor. However, since SlickPie offers me 80-90% of QBO's features for free I can't really say QBO is a relevant contender.
Gerald Butterton profile photo

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

  • Faster bookkeeping
  • Better accounting records
  • Cheaper accountants fees
Paul Colman FCA profile photo
  • It saves me around $500 in accounting software subscription per year.
  • It saves me around 4-5 hours a week in manual data entry (thanks to MagicBot).
  • It reduced the average time customers take to pay for my invoices.
Gerald Butterton profile photo

Screenshots

Accounting by Wave

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

SlickPie

General
Free Trial
Yes
Free/Freemium Version
Yes
Premium Consulting/Integration Services
Entry-level set up fee?
No
SlickPie Editions & Modules
SlickPie
Edition
Starter
0.001
1. per account
Additional Pricing Details