What users are saying about

Accounting by Wave

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Top Rated
103 Ratings
2 Ratings

Accounting by Wave

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Top Rated
103 Ratings
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Score 9.1 out of 101
2 Ratings
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Score 9.3 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

Accounting CS

I think it is user friendly after you get used to the program.
Cyndy Ramey profile photo

Feature Rating Comparison

Payroll Management

Accounting by Wave
7.9
Accounting CS
10.0
Pay calculation
Accounting by Wave
8.3
Accounting CS
10.0
Benefit plan administration
Accounting by Wave
7.5
Accounting CS
Direct deposit files
Accounting by Wave
8.0
Accounting CS
Salary revision and increment management
Accounting by Wave
7.7
Accounting CS
Reimbursement management
Accounting by Wave
8.0
Accounting CS

Customization

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

Security

Accounting by Wave
8.6
Accounting CS
10.0
Single sign-on capability
Accounting by Wave
9.1
Accounting CS
10.0
Role-based user permissions
Accounting by Wave
8.1
Accounting CS
10.0

Reporting & Analytics

Accounting by Wave
8.4
Accounting CS
10.0
Dashboards
Accounting by Wave
8.4
Accounting CS
10.0
Standard reports
Accounting by Wave
8.3
Accounting CS
10.0
Custom reports
Accounting by Wave
8.6
Accounting CS
10.0

General Ledger and Configurable Accounting

Accounting by Wave
8.2
Accounting CS
10.0
Accounts payable
Accounting by Wave
8.6
Accounting CS
Accounts receivable
Accounting by Wave
9.2
Accounting CS
Cash management
Accounting by Wave
8.0
Accounting CS
Bank reconciliation
Accounting by Wave
7.8
Accounting CS
10.0
Expense management
Accounting by Wave
8.5
Accounting CS
Time tracking
Accounting by Wave
7.3
Accounting CS
Fixed asset management
Accounting by Wave
6.4
Accounting CS
Multi-currency support
Accounting by Wave
8.5
Accounting CS
Multi-division support
Accounting by Wave
7.5
Accounting CS
Regulations compliance
Accounting by Wave
7.3
Accounting CS
Electronic tax filing
Accounting by Wave
6.0
Accounting CS
Self-service portal
Accounting by Wave
9.0
Accounting CS
Global Financial Support
Accounting by Wave
9.0
Accounting CS
Primary and Secondary Ledgers
Accounting by Wave
9.3
Accounting CS
Intercompany Accounting
Accounting by Wave
8.6
Accounting CS
Localizations
Accounting by Wave
9.5
Accounting CS
Journals and Reconciliations
Accounting by Wave
8.1
Accounting CS
10.0
Enterprise Accounting
Accounting by Wave
8.7
Accounting CS
Configurable Accounting
Accounting by Wave
8.6
Accounting CS
Centralized Rules Framework
Accounting by Wave
9.0
Accounting CS
Standardized Processes
Accounting by Wave
8.0
Accounting CS

Inventory Management

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

Order Management

Accounting by Wave
7.9
Accounting CS
Pricing
Accounting by Wave
8.3
Accounting CS
Order entry
Accounting by Wave
8.3
Accounting CS
Credit card processing
Accounting by Wave
9.1
Accounting CS
Cost of goods sold
Accounting by Wave
8.8
Accounting CS
Order Orchestration
Accounting by Wave
8.0
Accounting CS
End-to-end order visibility
Accounting by Wave
4.9
Accounting CS
Order exception Resolution
Accounting by Wave
8.0
Accounting CS

Accounting Firm BPO Features

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

Pros

  • Crisp, clean invoices, and I particularly like the ability to customize the invoice to fit our needs.
  • Custom reporting tools so we can slice & dice our data as needed.
  • Overall interface is incredibly easy to navigate through and you don't have to be a professional accountant or book keeper to make sense of everything.
  • Offering a recurring payment option, credit card processing, and ACH payment options with customer online payment options as well has made our life much easier with the repeat accounts we manage.
  • Adding customers profiles is simple and can be done right in the new invoice tool
  • Setting up vendors is quick and easy to associate to various payable/receivable accounts is simple.
Matthew Gehrman profile photo
  • It is excel based which makes it easier to input information.
Cyndy Ramey 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
  • I think the program should require you to close the client instead of just changing the client id#. It is too easy to enter data into the wrong company.
Cyndy Ramey 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

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
Thomson Reuters is all I have experience with.
Cyndy Ramey profile photo

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

  • Helps keep boring cash accounting more orderly and professional. I could use spreadsheets, but why?
  • Saves money over other options, with a nice UI.
Geri Lynn Peak profile photo
  • I was provided the program to use by management so I can't answer this question.
Cyndy Ramey 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

Accounting CS

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