What users are saying about

Accounting by Wave

Top Rated
97 Ratings

Accounting by Wave

Top Rated
97 Ratings
Score 9 out of 101

Spreadsheet Server

2 Ratings
Score 9 out of 101

Add comparison

Likelihood to Recommend

Accounting by Wave

Wave is great at small business accounting where fairly simple quotes and invoices can be set up and payments can be received online or as mailed checks. Other or more complicated situations are not well suited to the platform. Any business that takes in Bitcoin or other alternative currencies will struggle to link the account types together
No photo available

Spreadsheet Server

Being able to use the Distribution Manager function is very helpful. This allows us to pull together financial statements for multiple companies, while simultaneously removing the Spreadsheet Server function.
Tamika Williamson, CPA profile photo

Feature Rating Comparison

Payroll Management

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

Customization

Accounting by Wave
9.1
Spreadsheet Server
9.0
API for custom integration
Accounting by Wave
8.9
Spreadsheet Server
Plug-ins
Accounting by Wave
9.2
Spreadsheet Server
9.0

Security

Accounting by Wave
8.6
Spreadsheet Server
7.0
Single sign-on capability
Accounting by Wave
9.0
Spreadsheet Server
Role-based user permissions
Accounting by Wave
8.2
Spreadsheet Server
7.0

Reporting & Analytics

Accounting by Wave
8.5
Spreadsheet Server
8.3
Dashboards
Accounting by Wave
8.4
Spreadsheet Server
8.0
Standard reports
Accounting by Wave
8.3
Spreadsheet Server
8.0
Custom reports
Accounting by Wave
8.6
Spreadsheet Server
9.0

General Ledger and Configurable Accounting

Accounting by Wave
8.2
Spreadsheet Server
Accounts payable
Accounting by Wave
8.4
Spreadsheet Server
Accounts receivable
Accounting by Wave
9.1
Spreadsheet Server
Cash management
Accounting by Wave
8.1
Spreadsheet Server
Bank reconciliation
Accounting by Wave
7.8
Spreadsheet Server
Expense management
Accounting by Wave
8.5
Spreadsheet Server
Time tracking
Accounting by Wave
7.3
Spreadsheet Server
Fixed asset management
Accounting by Wave
5.2
Spreadsheet Server
Multi-currency support
Accounting by Wave
8.6
Spreadsheet Server
Multi-division support
Accounting by Wave
7.4
Spreadsheet Server
Regulations compliance
Accounting by Wave
7.3
Spreadsheet Server
Electronic tax filing
Accounting by Wave
6.0
Spreadsheet Server
Self-service portal
Accounting by Wave
9.1
Spreadsheet Server
Global Financial Support
Accounting by Wave
9.0
Spreadsheet Server
Primary and Secondary Ledgers
Accounting by Wave
9.3
Spreadsheet Server
Intercompany Accounting
Accounting by Wave
8.7
Spreadsheet Server
Localizations
Accounting by Wave
9.5
Spreadsheet Server
Journals and Reconciliations
Accounting by Wave
8.4
Spreadsheet Server
Enterprise Accounting
Accounting by Wave
8.7
Spreadsheet Server
Configurable Accounting
Accounting by Wave
8.7
Spreadsheet Server
Centralized Rules Framework
Accounting by Wave
9.0
Spreadsheet Server
Standardized Processes
Accounting by Wave
7.9
Spreadsheet Server

Inventory Management

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

Order Management

Accounting by Wave
7.8
Spreadsheet Server
Pricing
Accounting by Wave
8.1
Spreadsheet Server
Order entry
Accounting by Wave
8.0
Spreadsheet Server
Credit card processing
Accounting by Wave
9.1
Spreadsheet Server
Cost of goods sold
Accounting by Wave
8.8
Spreadsheet Server
Order Orchestration
Accounting by Wave
8.0
Spreadsheet Server
End-to-end order visibility
Accounting by Wave
4.7
Spreadsheet Server
Order exception Resolution
Accounting by Wave
8.0
Spreadsheet Server

Accounting Firm BPO Features

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

Pros

  • The invoicing is easily personalized and works well with both online delivery and with downloaded .pdf files for those who prefer to have direct invoicing from our firm.
  • The billing system makes it easy to track payments to contractors by project, however, it would be great to have a full 1099 solution. The payroll system worked well for us for several years, however, there were some bumps and learning curves. I am not using it at this time.
  • We have a few clients who use the direct payment options and while that costs us a few percentage points (and on the size of our contracts it seems to be a hefty slice), it's still worth it for the piece of mind to get the funds in rapidly. The rates are fairly competitive compared to what we usually.
  • It's useful to be able to assign access to team members or collaborators.
Geri Lynn Peak profile photo
  • The ability to pull data directly from ERP systems into a spreadsheet, allowing the data to be easily viewed and managed.
  • The ability to use the distribution manager in order to present data without Spreadsheet Server functions.
Tamika Williamson, CPA profile photo

Cons

  • The reports need some work. I would like to see some options for how the data is sorted (either by account number or name).
  • The payroll service is a bit limited if you have staff that have varied pay structures or are paid on different schedules.
Eric Matthews profile photo
  • I would like to see the ability to pull data across different fiscal years using one formula.
Tamika Williamson, CPA 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
Spreadsheet Server9.0
Based on 1 answer
Very easy to use and user friendly.
Pamela Lee, CPA 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
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

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
Spreadsheet Server is easier to get started and more user friendly. It seems to be better for our size business.
Pamela Lee, CPA 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

  • Automatic bank transaction downloads really speeds up income and expense capture, as well as bank reconciliations.
  • Having a low cost (or in this case free) product encourages clients to use all of the features available without fear of being overcharged
  • The ability for the client to see their data online in real time whenever they want really makes the bookkeeping process much more efficient and transparent.
Eric Matthews profile photo
  • The use of spreadsheet server allows the finance/accounting staff to work much more efficiently.
Tamika Williamson, CPA profile photo

Pricing Details

Accounting by Wave

General
Free Trial
Free/Freemium Version
Premium Consulting/Integration Services
Entry-level set up fee?
No
Additional Pricing Details

Spreadsheet Server

General
Free Trial
Free/Freemium Version
Premium Consulting/Integration Services
Yes
Entry-level set up fee?
No
Additional Pricing Details
Prices can be different for any company interested in Spreadsheet Server depending on size and who should be involved. Feel free to contact us for a free demo to see if it is the right reporting tool for you.