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
12 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
12 Ratings
<a href='https://www.trustradius.com/static/about-trustradius-scoring' target='_blank' rel='nofollow'>trScore algorithm: Learn more.</a>
Score 8.9 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

ZipBooks

ZipBooks is really strong for small businesses (and non-profits like the ones I help manage). It may not yet be ready to handle medium or large businesses given the deep, niche functionality that is sometimes required in those cases.
Dave Grow profile photo

Feature Rating Comparison

Payroll Management

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

Customization

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

Security

Accounting by Wave
8.6
ZipBooks
9.5
Single sign-on capability
Accounting by Wave
9.1
ZipBooks
9.7
Role-based user permissions
Accounting by Wave
8.1
ZipBooks
9.3

Reporting & Analytics

Accounting by Wave
8.4
ZipBooks
8.6
Dashboards
Accounting by Wave
8.4
ZipBooks
8.5
Standard reports
Accounting by Wave
8.3
ZipBooks
8.8
Custom reports
Accounting by Wave
8.6
ZipBooks

General Ledger and Configurable Accounting

Accounting by Wave
8.2
ZipBooks
9.0
Accounts payable
Accounting by Wave
8.6
ZipBooks
Accounts receivable
Accounting by Wave
9.2
ZipBooks
9.4
Cash management
Accounting by Wave
8.0
ZipBooks
Bank reconciliation
Accounting by Wave
7.8
ZipBooks
Expense management
Accounting by Wave
8.5
ZipBooks
9.4
Time tracking
Accounting by Wave
7.3
ZipBooks
8.2
Fixed asset management
Accounting by Wave
6.3
ZipBooks
Multi-currency support
Accounting by Wave
8.5
ZipBooks
9.1
Multi-division support
Accounting by Wave
7.5
ZipBooks
Regulations compliance
Accounting by Wave
7.3
ZipBooks
Electronic tax filing
Accounting by Wave
6.0
ZipBooks
Self-service portal
Accounting by Wave
9.0
ZipBooks
Global Financial Support
Accounting by Wave
9.0
ZipBooks
Primary and Secondary Ledgers
Accounting by Wave
9.3
ZipBooks
Intercompany Accounting
Accounting by Wave
8.7
ZipBooks
Localizations
Accounting by Wave
9.5
ZipBooks
Journals and Reconciliations
Accounting by Wave
8.1
ZipBooks
Enterprise Accounting
Accounting by Wave
8.7
ZipBooks
Configurable Accounting
Accounting by Wave
8.5
ZipBooks
Centralized Rules Framework
Accounting by Wave
9.0
ZipBooks
Standardized Processes
Accounting by Wave
8.0
ZipBooks

Inventory Management

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

Order Management

Accounting by Wave
7.9
ZipBooks
9.0
Pricing
Accounting by Wave
8.3
ZipBooks
Order entry
Accounting by Wave
8.3
ZipBooks
Credit card processing
Accounting by Wave
9.1
ZipBooks
9.6
Cost of goods sold
Accounting by Wave
8.8
ZipBooks
8.5
Order Orchestration
Accounting by Wave
8.0
ZipBooks
End-to-end order visibility
Accounting by Wave
4.8
ZipBooks
Order exception Resolution
Accounting by Wave
8.0
ZipBooks

Accounting Firm BPO Features

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

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
  • Invoicing is particularly easy-to-use, quick, clean and beautiful. GREAT for branding.
  • The time tracker was unexpected, but very useful and integrates well with the invoicing. Leads to quick invoicing every time.
  • Customer support is phenomenal -- the support staff is friendly and helpful.
  • Although they are a new company, they are definitely on the right track!
  • I recommend this software to clients, colleagues, and friends alike, mostly for it quick and beautiful invoicing.
  • They do what they can to live up to their name! It doesn't take very long to get set up, or very long to create a complete invoice and send it to the right person.
Diego Lucero profile photo

Cons

  • The mobile experience leaves a lot to be desired. While I can use the receipt app to capture expenses, we live in a mobile digital world where I need to be able to create quotes and invoices on the spot and not back at my desk.
  • There are a few accounting and account related tools that could use some sharpening. For example, there isn't a good way to merge transactions - so when I snap a picture of a receipt and add it there is trouble reconciling against the bank. This shows up as two discrete transactions that cannot be merged - so one has to be manually deleted. It kind of defeats the purpose of scanning the receipts in entirely.
  • We've struggled with integrating debt accounts. For example, a shareholder may pay for something to get us by one day - how to we capture that as a debt owed? There isn't a way. The "shareholder debt" account doesn't talk to the rest of the system.
No photo available
  • I was an early adopter, and with this company and software being relatively new, I got to see a few minor bugs and quirks over the last year. The good thing is, most of the bugs are squashed, and the future is bright for this startup!
Diego Lucero 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
PayPal for a very long time was my go to software, and I had many issues. PayPal was clunky, unattractive, and many parts of their website were broken (old links returning 404s). It was difficult to get a human on the line (in chat, in email, or on the phone) and the majority of their forum posts for help were outdated and did not reflect their new UI design and internal app changes. This made it very frustrating to find solutions, and even more frustrating to get what I wanted from my invoices.QuickBooks at the time was too much than I could afford, and so I went with the cheaper (and functional) alternative in ZipBooks.
Diego Lucero profile photo

Rating for Public Practice CPAs

Accounting by Wave8.0
Based on 8 answers
we have worked with all Cloud software ( XERO, QBO, FreshBooks, Wave, and others ) so we have a strong basis point for comparison
Peter Cullen 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
  • ZipBooks is entirely affordable, and with my current $15/mo payments, I get ROI pretty quickly.
  • Invoices are simple and easy to make, while staying beautiful and functional at the same time. This saves me TIME, which means that I don't need to spend 15-20 minutes fiddling with the software to make it do what I want it to do. It just works. And that means, I can spend more time doing client work, and managing projects and sales.
Diego Lucero 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

ZipBooks

General
Free Trial
Free/Freemium Version
Yes
Premium Consulting/Integration Services
Yes
Entry-level set up fee?
No
ZipBooks Editions & Modules
ZipBooks
Edition
ZipBooks
$01
1. Unlimited
Additional Pricing Details