What users are saying about

Accounting by Wave

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Top Rated
102 Ratings
38 Ratings

Accounting by Wave

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Top Rated
102 Ratings
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Score 9.1 out of 101
38 Ratings
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Score 8.6 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

Zoho Books

A simple online accounting software that covers all the basics: estimates, invoices, expenses tracking, bank accounts synchronisation and reports. Visual graphs and quick overviews of financial data on the Dashboard are great and it is also very easy to use cross platform. The information is accessible and easy to share from both the online or mobile app.
Mehdi Aherraki profile photo

Feature Rating Comparison

Payroll Management

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

Customization

Accounting by Wave
9.0
Zoho Books
8.7
API for custom integration
Accounting by Wave
8.9
Zoho Books
8.7
Plug-ins
Accounting by Wave
9.1
Zoho Books

Security

Accounting by Wave
8.6
Zoho Books
8.8
Single sign-on capability
Accounting by Wave
9.1
Zoho Books
8.6
Role-based user permissions
Accounting by Wave
8.1
Zoho Books
9.1

Reporting & Analytics

Accounting by Wave
8.4
Zoho Books
8.9
Dashboards
Accounting by Wave
8.4
Zoho Books
9.2
Standard reports
Accounting by Wave
8.3
Zoho Books
8.4
Custom reports
Accounting by Wave
8.6
Zoho Books
9.0

General Ledger and Configurable Accounting

Accounting by Wave
8.2
Zoho Books
8.1
Accounts payable
Accounting by Wave
8.6
Zoho Books
8.7
Accounts receivable
Accounting by Wave
9.2
Zoho Books
8.7
Cash management
Accounting by Wave
8.0
Zoho Books
8.6
Bank reconciliation
Accounting by Wave
7.8
Zoho Books
8.0
Expense management
Accounting by Wave
8.5
Zoho Books
7.6
Time tracking
Accounting by Wave
7.3
Zoho Books
6.7
Fixed asset management
Accounting by Wave
6.3
Zoho Books
Multi-currency support
Accounting by Wave
8.5
Zoho Books
7.6
Multi-division support
Accounting by Wave
7.5
Zoho Books
Regulations compliance
Accounting by Wave
7.3
Zoho Books
7.7
Electronic tax filing
Accounting by Wave
6.0
Zoho Books
Self-service portal
Accounting by Wave
9.0
Zoho Books
9.0
Global Financial Support
Accounting by Wave
9.0
Zoho Books
Primary and Secondary Ledgers
Accounting by Wave
9.3
Zoho Books
Intercompany Accounting
Accounting by Wave
8.7
Zoho Books
Localizations
Accounting by Wave
9.5
Zoho Books
Journals and Reconciliations
Accounting by Wave
8.1
Zoho Books
Enterprise Accounting
Accounting by Wave
8.7
Zoho Books
Configurable Accounting
Accounting by Wave
8.5
Zoho Books
Centralized Rules Framework
Accounting by Wave
9.0
Zoho Books
Standardized Processes
Accounting by Wave
8.0
Zoho Books

Inventory Management

Accounting by Wave
8.9
Zoho Books
6.8
Inventory tracking
Accounting by Wave
9.5
Zoho Books
7.8
Automatic reordering
Accounting by Wave
8.0
Zoho Books
5.7
Location management
Accounting by Wave
9.0
Zoho Books
Manufacturing module
Accounting by Wave
9.0
Zoho Books

Order Management

Accounting by Wave
7.9
Zoho Books
8.2
Pricing
Accounting by Wave
8.3
Zoho Books
8.4
Order entry
Accounting by Wave
8.3
Zoho Books
7.7
Credit card processing
Accounting by Wave
9.1
Zoho Books
7.9
Cost of goods sold
Accounting by Wave
8.8
Zoho Books
8.6
Order Orchestration
Accounting by Wave
8.0
Zoho Books
End-to-end order visibility
Accounting by Wave
4.8
Zoho Books
Order exception Resolution
Accounting by Wave
8.0
Zoho Books

Accounting Firm BPO Features

Accounting by Wave
8.0
Zoho Books
8.5
Branded client dashboards
Accounting by Wave
8.0
Zoho Books
8.9
Client data roll-up capabilities
Accounting by Wave
8.0
Zoho Books
Client data consolidation for benchmarking
Accounting by Wave
7.5
Zoho Books
Configurable alerts
Accounting by Wave
8.0
Zoho Books
Billing bypass
Accounting by Wave
8.0
Zoho Books
Client template cloning
Accounting by Wave
8.0
Zoho Books
Single sign-on
Accounting by Wave
9.0
Zoho Books
8.1
Configurable client onboarding questions
Accounting by Wave
8.0
Zoho Books
Cross-client workflow management
Accounting by Wave
8.0
Zoho Books
Industry-specific versioning
Accounting by Wave
8.0
Zoho Books
Legacy system data migration
Accounting by Wave
8.0
Zoho Books

Pros

  • Separates tasks by name for billing
  • Reminders of invoices coming due and notices of any overdue
  • Calculates payment amount due depending on the information you previously set up
  • Saves time
  • Makes freelancing financials painless
Torrey Holman profile photo
  • Tracking project timesheets
  • Allowing clients to view past and current invoices
  • Review our financial performance through the use of dashboards & reports
Wesley Johnson profile photo

Cons

  • I've not run into anything as of yet I'd like to see improved or added
Torrey Holman profile photo
  • This software brings everything to one place, it can get overwhelming.
  • Program has a lot of required fields if you don't have a piece of the puzzle it is hard to save what you do have.
  • You really have to know how to get what you want out of the program or else you will be missing out on a lot.
No photo available

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
Zoho Books10.0
Based on 1 answer
Super easy to use!
Brandy Perez profile photo

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
One of the best business decisions we have made in our company is getting Zoho Books. Customer service is really really fast. If you have a problem or questions they will get to you within minutes and they are constantly improving the application and listening to our feedback and each time is better and better.
Ramin Sultanov 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

  • Keeps me up to date for taxing purposes
Torrey Holman profile photo
  • The best part is accessing it anywhere from any device.
  • Actually, I did not see any negative impact of Zoho Books since I've used it.
  • I would like to set the prices to my items in different currencies.
Ramin Sultanov 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

Zoho Books

General
Free Trial
Yes
Free/Freemium Version
Premium Consulting/Integration Services
Entry-level set up fee?
No
Zoho Books Editions & Modules
Zoho Books
Edition
Basic
$9
Standard
$19
Professional
$29
Additional Pricing Details
Zoho Books is available for both monthly and yearly plans. Users who sign up for the annual plan get two months off (Basic - $90, Standard - $190, Professional - $290)