What users are saying about
7 Ratings
141 Ratings
7 Ratings
<a href='https://www.trustradius.com/static/about-trustradius-scoring' target='_blank' rel='nofollow noopener'>trScore algorithm: Learn more.</a>
Score 8.3 out of 100
141 Ratings
<a href='https://www.trustradius.com/static/about-trustradius-scoring' target='_blank' rel='nofollow noopener'>trScore algorithm: Learn more.</a>
Score 7 out of 100

Likelihood to Recommend

AccountMate

AccountMate is a great product for wholesale and distributors. It manages the inventory cycles comprehensively, from purchasing to stocking, to sales and delivery. There are a great many tools available to manage inventory, properties, and financials. The availability to have third-party add-ons offers even greater opportunities to meet the needs of the end-user.The system is not really suited for certain types of service industries: legal, medical, and those businesses that invoice on time.
Les Kule | TrustRadius Reviewer

Wave Accounting

Wave Accounting was used for a small practice without a lot of the accounting considerations a large company would have. For the price, you really can't beat what Wave offers out of the box. All of the basic tools for things like invoicing and expenses are all easy to use. End of year accounting is easy with exports of data.
Anonymous | TrustRadius Reviewer

Feature Rating Comparison

Payroll Management

AccountMate
8.8
Wave Accounting
7.6
Pay calculation
AccountMate
10.0
Wave Accounting
7.6
Direct deposit files
AccountMate
9.0
Wave Accounting
7.9
Salary revision and increment management
AccountMate
8.0
Wave Accounting
7.7
Reimbursement management
AccountMate
8.0
Wave Accounting
7.4
Benefit plan administration
AccountMate
Wave Accounting
7.5

Security

AccountMate
9.0
Wave Accounting
8.7
Single sign-on capability
AccountMate
9.0
Wave Accounting
8.2
Role-based user permissions
AccountMate
Wave Accounting
9.2

Reporting & Analytics

AccountMate
7.0
Wave Accounting
7.3
Dashboards
AccountMate
6.0
Wave Accounting
6.7
Standard reports
AccountMate
9.0
Wave Accounting
6.6
Custom reports
AccountMate
6.0
Wave Accounting
8.5

General Ledger and Configurable Accounting

AccountMate
7.6
Wave Accounting
6.6
Accounts payable
AccountMate
8.0
Wave Accounting
6.5
Accounts receivable
AccountMate
9.0
Wave Accounting
6.6
Cash management
AccountMate
7.0
Wave Accounting
6.4
Bank reconciliation
AccountMate
8.0
Wave Accounting
5.4
Expense management
AccountMate
9.0
Wave Accounting
7.4
Time tracking
AccountMate
7.0
Wave Accounting
6.3
Multi-currency support
AccountMate
7.0
Wave Accounting
6.9
Multi-division support
AccountMate
9.0
Wave Accounting
7.1
Regulations compliance
AccountMate
7.0
Wave Accounting
6.9
Electronic tax filing
AccountMate
8.0
Wave Accounting
5.9
Global Financial Support
AccountMate
8.0
Wave Accounting
9.0
Intercompany Accounting
AccountMate
5.0
Wave Accounting
8.0
Journals and Reconciliations
AccountMate
8.0
Wave Accounting
5.6
Enterprise Accounting
AccountMate
7.0
Wave Accounting
4.8
Configurable Accounting
AccountMate
7.0
Wave Accounting
5.7
Standardized Processes
AccountMate
7.0
Wave Accounting
5.7
Fixed asset management
AccountMate
Wave Accounting
8.3
Self-service portal
AccountMate
Wave Accounting
4.7
Primary and Secondary Ledgers
AccountMate
Wave Accounting
9.0
Localizations
AccountMate
Wave Accounting
5.2
Centralized Rules Framework
AccountMate
Wave Accounting
8.1

Inventory Management

AccountMate
8.0
Wave Accounting
8.1
Inventory tracking
AccountMate
9.0
Wave Accounting
5.6
Automatic reordering
AccountMate
8.0
Wave Accounting
9.9
Manufacturing module
AccountMate
7.0
Wave Accounting
9.0
Location management
AccountMate
Wave Accounting
8.1

Order Management

AccountMate
8.6
Wave Accounting
7.2
Pricing
AccountMate
8.0
Wave Accounting
8.0
Order entry
AccountMate
9.0
Wave Accounting
7.3
Credit card processing
AccountMate
9.0
Wave Accounting
6.3
Cost of goods sold
AccountMate
9.0
Wave Accounting
7.8
End-to-end order visibility
AccountMate
8.0
Wave Accounting
8.3
Order Orchestration
AccountMate
Wave Accounting
5.9
Order exception Resolution
AccountMate
Wave Accounting
7.1

Customization

AccountMate
9.0
Wave Accounting
7.9
Plug-ins
AccountMate
9.0
Wave Accounting
7.0
API for custom integration
AccountMate
Wave Accounting
8.8

Pros

AccountMate

  • Ease of use
  • Ability to easily adapt the solution to fit the needs of the end user
  • Integration of data across different platforms
Les Kule | TrustRadius Reviewer

Wave Accounting

  • Reconciliation is very difficult with multiple Wave transactions that need to be deleted or merged before it can be matched to a bank transaction.
  • Payroll worked fine for us but took several days to get it set up. We have switched to another bookkeeping system and another payroll system. Canceling with Wave took several days and they charge $6 for something even though the month was paid for in advance.
  • Credit card processing is nice and worked fine for us.
Harry Abell | TrustRadius Reviewer

Cons

AccountMate

  • Custom reports: The current system uses Crystal Reports, which is a bit cumbersome.
  • True cloud-based solution is missing
Les Kule | TrustRadius Reviewer

Wave Accounting

  • I know that credit card processing is a way for Wave to make money, but I really wish they offered ACH payment on Invoices.
  • I do cash-based accounting, which means I have to make little journal entries at the start and end of each year to get my books to balance because Wave wants to do everything differently. This should just be a setting to flip, whether you want cash-based or accrual-based.
  • They use Yodlee for bank connection, which doesn't play nice with 2FA. Pretty much every time I log in I have to re-enter credentials, get a code sent to me, reauthenticate, and know that I'm going to have to do it again next week. Not really on Wave, but wish they could get it together nonetheless.
J.P. VanderLinden | TrustRadius Reviewer

Likelihood to Renew

AccountMate

No score
No answers yet
No answers on this topic

Wave Accounting

Wave Accounting 7.8
Based on 3 answers
Easy to use for clients with no accounting background and the price is right.
Jeanne Harris | TrustRadius Reviewer

Usability

AccountMate

No score
No answers yet
No answers on this topic

Wave Accounting

Wave Accounting 6.4
Based on 10 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 | TrustRadius Reviewer

Reliability and Availability

AccountMate

No score
No answers yet
No answers on this topic

Wave Accounting

Wave Accounting 6.7
Based on 4 answers
WAVE is always available when we need it ! Peter
Peter Cullen | TrustRadius Reviewer

Performance

AccountMate

No score
No answers yet
No answers on this topic

Wave Accounting

Wave Accounting 2.9
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 | TrustRadius Reviewer

Support Rating

AccountMate

No score
No answers yet
No answers on this topic

Wave Accounting

Wave Accounting 5.6
Based on 8 answers
I've only had to reach out to support once and they were quick to respond and offered valuable insight to resolve my issue quickly. The team is knowledgeable and if the person you're dealing with doesn't have an answer for you, they get back to you quickly with an answer. It was clear that the support team is genuinely concerned about users making the most of the software.
Anonymous | TrustRadius Reviewer

Online Training

AccountMate

No score
No answers yet
No answers on this topic

Wave Accounting

Wave Accounting 4.7
Based on 3 answers
easy to use and east to train on ! Our WAVE clients enjoy the ease of use
Peter Cullen | TrustRadius Reviewer

Alternatives Considered

AccountMate

We use AccountMate for a number of reasons, particularly its ease of use and the ability to customize any part of the system (with source code residing on the end-user system--a HUGE advantage).
Les Kule | TrustRadius Reviewer

Wave Accounting

Wave is FREE for most functions. Payment processing costs no matter where you go (as does payroll or taxes). Wave rises above tools like QuickBooks Online because they know that for our small firm, being nimble is the name of the game. We don't need exhaustive reporting and management like QB offers and we certainly don't want to pay for it
Anonymous | TrustRadius Reviewer

Scalability

AccountMate

No score
No answers yet
No answers on this topic

Wave Accounting

Wave Accounting 3.0
Based on 2 answers
Once they out grow what is ability to move up to a more robust system?
Penny Breslin | TrustRadius Reviewer

Return on Investment

AccountMate

  • Allows us to quickly gain insight into the current and past performance of the company
Les Kule | TrustRadius Reviewer

Wave Accounting

  • 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 | TrustRadius Reviewer

Pricing Details

AccountMate

General

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

Wave Accounting

General

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

Rating Summary

Likelihood to Recommend

AccountMate
10.0
Wave Accounting
5.8

Likelihood to Renew

AccountMate
Wave Accounting
7.8

Usability

AccountMate
Wave Accounting
6.4

Reliability and Availability

AccountMate
Wave Accounting
6.7

Performance

AccountMate
Wave Accounting
2.9

Support Rating

AccountMate
Wave Accounting
5.6

Online Training

AccountMate
Wave Accounting
4.7

Scalability

AccountMate
Wave Accounting
3.0

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