What users are saying about

Accounting by Wave

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Top Rated
104 Ratings
12 Ratings

Accounting by Wave

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Top Rated
104 Ratings
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Score 9.1 out of 101
12 Ratings
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Score 8.9 out of 101

Add comparison

Likelihood to Recommend

Accounting by Wave

Wave is great for a small consulting shop like mine. I'm sure that there are more sophisticated systems out there but I have a limited number of expenses and invoices each year - for me, Wave meets my needs. They've made significant improvements to their dashboard over the past three years and have not changed the cost (FREE for my instance).
Kristy Nittskoff 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
8.9
ZipBooks
9.1
API for custom integration
Accounting by Wave
8.8
ZipBooks
9.1
Plug-ins
Accounting by Wave
8.9
ZipBooks
9.1

Security

Accounting by Wave
8.5
ZipBooks
9.5
Single sign-on capability
Accounting by Wave
9.1
ZipBooks
9.7
Role-based user permissions
Accounting by Wave
8.0
ZipBooks
9.3

Reporting & Analytics

Accounting by Wave
8.5
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
8.3
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
8.1
ZipBooks
Bank reconciliation
Accounting by Wave
7.9
ZipBooks
Expense management
Accounting by Wave
8.5
ZipBooks
9.4
Time tracking
Accounting by Wave
7.5
ZipBooks
8.2
Fixed asset management
Accounting by Wave
6.6
ZipBooks
Multi-currency support
Accounting by Wave
8.3
ZipBooks
9.1
Multi-division support
Accounting by Wave
7.4
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
8.6
ZipBooks
Localizations
Accounting by Wave
9.5
ZipBooks
Journals and Reconciliations
Accounting by Wave
8.2
ZipBooks
Enterprise Accounting
Accounting by Wave
8.7
ZipBooks
Configurable Accounting
Accounting by Wave
8.7
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
8.0
ZipBooks
9.0
Pricing
Accounting by Wave
8.3
ZipBooks
Order entry
Accounting by Wave
8.4
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
5.2
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

  • 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
  • The user experience is easily the best I have seen with any invoicing software.
  • They create clean, professional invoice templates.
  • They make setting up and managing projects easy.
Steve Fisher 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
  • Add support for alternative payment through ZipBooks
Steve Fisher 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

Wave's biggest selling point is by far it's price, because their base product for free. Most people sign-up because of that advantage. But here are my opinions of Wave Vs these three other programs I've worked in.Wave vs Freshbooks
-Freshbooks wins for invoicing because it gives you multiple options for payment processing integration and it gives you an audit trail on invoices to show when a client has viewed as well as paid. It also has a project time tracking option that you can then invoice time entries.-Wave wins the accounting side because it actually tracks assets and liabilities, not just income and expenses. -As far as user friendly and accounting knowledge necessary to use, Freshbooks is slightly easier for those with no accounting knowledge.-Wave allows bookkeepers to use their own account access through the collaborator feature, Freshbooks has "accountant" access but you can only view reports and export journal entries. If someone wants help editing transactions they have to share their login info.
Wave vs Quickbooks Online
-Quickbooks Online wins for customization and range of features especially custom reports, sub-accounts in the chart of accounts, and traditional bank reconciliation.-Wave is better in ease of use -Wave Payroll offers a Tax service that automates payroll tax filing, Quickbooks Payroll does not do that you still have to hit send
Wave vs Less Accounting
- Overall I found LessAccounting and Wave very comparable products, but LessAccounting is a paid product and Wave's base product is free w/ advertising on the sidebar.-In the range of features, Wave has more integrated options such as Payroll and Payment Processing.-LessAccounting has a strong emphasis on education and tries to educate the user on basic bookkeeping processes within the software-LessAccounting has a slightly better bank reconciliation feature, but only slightly better because you enter the starting and ending statement balances. Neither product are strong on true bank statement reconciliation.
Melissa Whaley profile photo
ZipBooks is a much cleaner, easier to use software.
Steve Fisher 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

  • Being as it's free software to use I'd say implementing wave has been a positive return for the business.
  • Providing us the ability to process credit cards over the phone has increased our turn time to receive payments thus saving time overall which equates to $1,000's a year
Matthew Gehrman profile photo
  • I don't have a ROI for the use of Zipbooks though it has helped greatly with organizing for taxes. Our economy here has been so volatile for three years with deep dips down, that no software can aid in support the financial health other than to track the expenses and income and watch the balance to observe.
Kenneth Shumaker 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