What users are saying about
8 Ratings
162 Ratings
8 Ratings
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Score 7.9 out of 100
162 Ratings
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Score 7 out of 100

Feature Set Ratings

  • AccountMate ranks higher in 6 feature sets: Payroll Management, Security, Reporting & Analytics, General Ledger and Configurable Accounting, Order Management, Customization
  • Wave Accounting ranks higher in 1 feature set: Inventory Management

Payroll Management

8.8

AccountMate

88%
6.3

Wave Accounting

63%
AccountMate ranks higher in 4/5 features

Pay calculation

10.0
100%
1 Rating
7.1
71%
23 Ratings

Direct deposit files

9.0
90%
1 Rating
1.8
18%
20 Ratings

Salary revision and increment management

8.0
80%
1 Rating
7.7
77%
12 Ratings

Reimbursement management

8.0
80%
1 Rating
7.4
74%
8 Ratings

Benefit plan administration

N/A
0 Ratings
7.5
75%
4 Ratings

Security

9.0

AccountMate

90%
7.4

Wave Accounting

74%
AccountMate ranks higher in 1/2 features

Single sign-on capability

9.0
90%
1 Rating
8.2
82%
30 Ratings

Role-based user permissions

N/A
0 Ratings
6.5
65%
34 Ratings

Reporting & Analytics

7.0

AccountMate

70%
6.7

Wave Accounting

67%
Wave Accounting ranks higher in 2/3 features

Dashboards

6.0
60%
1 Rating
6.3
63%
68 Ratings

Standard reports

9.0
90%
1 Rating
6.4
64%
67 Ratings

Custom reports

6.0
60%
1 Rating
7.5
75%
34 Ratings

General Ledger and Configurable Accounting

7.6

AccountMate

76%
5.9

Wave Accounting

59%
AccountMate ranks higher in 14/21 features

Accounts payable

8.0
80%
1 Rating
6.2
62%
56 Ratings

Accounts receivable

9.0
90%
1 Rating
6.5
65%
67 Ratings

Cash management

7.0
70%
1 Rating
6.2
62%
59 Ratings

Bank reconciliation

8.0
80%
1 Rating
6.2
62%
63 Ratings

Expense management

9.0
90%
1 Rating
7.3
73%
61 Ratings

Time tracking

7.0
70%
1 Rating
6.3
63%
11 Ratings

Multi-currency support

7.0
70%
1 Rating
10.0
100%
19 Ratings

Multi-division support

9.0
90%
1 Rating
7.1
71%
9 Ratings

Regulations compliance

7.0
70%
1 Rating
6.8
68%
15 Ratings

Electronic tax filing

8.0
80%
1 Rating
5.9
59%
14 Ratings

Global Financial Support

8.0
80%
1 Rating
9.0
90%
2 Ratings

Intercompany Accounting

5.0
50%
1 Rating
4.0
40%
5 Ratings

Journals and Reconciliations

8.0
80%
1 Rating
5.6
56%
28 Ratings

Enterprise Accounting

7.0
70%
1 Rating
4.0
40%
7 Ratings

Configurable Accounting

7.0
70%
1 Rating
5.5
55%
16 Ratings

Standardized Processes

7.0
70%
1 Rating
4.3
43%
17 Ratings

Fixed asset management

N/A
0 Ratings
6.2
62%
12 Ratings

Self-service portal

N/A
0 Ratings
2.7
27%
39 Ratings

Primary and Secondary Ledgers

N/A
0 Ratings
7.0
70%
4 Ratings

Localizations

N/A
0 Ratings
5.2
52%
3 Ratings

Centralized Rules Framework

N/A
0 Ratings
1.0
10%
3 Ratings

Inventory Management

8.0

AccountMate

80%
8.1

Wave Accounting

81%
Wave Accounting ranks higher in 3/4 features

Inventory tracking

9.0
90%
1 Rating
5.6
56%
8 Ratings

Automatic reordering

8.0
80%
1 Rating
9.9
99%
5 Ratings

Manufacturing module

7.0
70%
1 Rating
9.0
90%
1 Rating

Location management

N/A
0 Ratings
8.1
81%
2 Ratings

Order Management

8.6

AccountMate

86%
7.7

Wave Accounting

77%
Wave Accounting ranks higher in 6/7 features

Pricing

8.0
80%
1 Rating
9.8
98%
26 Ratings

Order entry

9.0
90%
1 Rating
9.9
99%
18 Ratings

Credit card processing

9.0
90%
1 Rating
3.8
38%
45 Ratings

Cost of goods sold

9.0
90%
1 Rating
9.3
93%
33 Ratings

End-to-end order visibility

8.0
80%
1 Rating
8.2
82%
4 Ratings

Order Orchestration

N/A
0 Ratings
5.8
58%
5 Ratings

Order exception Resolution

N/A
0 Ratings
7.0
70%
2 Ratings

Customization

9.0

AccountMate

90%
8.5

Wave Accounting

85%
AccountMate ranks higher in 1/2 features

Plug-ins

9.0
90%
1 Rating
7.0
70%
11 Ratings

API for custom integration

N/A
0 Ratings
9.9
99%
9 Ratings

Attribute Ratings

  • AccountMate is rated higher in 1 area: Likelihood to Recommend

Likelihood to Recommend

10.0

AccountMate

100%
1 Rating
5.3

Wave Accounting

53%
77 Ratings

Likelihood to Renew

AccountMate

N/A
0 Ratings
7.8

Wave Accounting

78%
3 Ratings

Usability

AccountMate

N/A
0 Ratings
6.7

Wave Accounting

67%
14 Ratings

Availability

AccountMate

N/A
0 Ratings
6.3

Wave Accounting

63%
8 Ratings

Performance

AccountMate

N/A
0 Ratings
2.9

Wave Accounting

29%
4 Ratings

Support Rating

AccountMate

N/A
0 Ratings
4.3

Wave Accounting

43%
12 Ratings

Online Training

AccountMate

N/A
0 Ratings
4.7

Wave Accounting

47%
3 Ratings

Product Scalability

AccountMate

N/A
0 Ratings
3.0

Wave Accounting

30%
2 Ratings

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.
Read full review

Wave

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.
Read full review

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
Read full review

Wave

  • 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.
Read full review

Cons

AccountMate

  • Custom reports: The current system uses Crystal Reports, which is a bit cumbersome.
  • True cloud-based solution is missing
Read full review

Wave

  • 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.
Read full review

Pricing Details

AccountMate

Starting Price

Editions & Modules

AccountMate editions and modules pricing
EditionModules

Footnotes

    Offerings

    Free Trial
    Free/Freemium Version
    Premium Consulting/Integration Services

    Entry-level set up fee?

    No setup fee

    Additional Details

    Wave Accounting

    Starting Price

    Editions & Modules

    Wave Accounting editions and modules pricing
    EditionModules

    Footnotes

      Offerings

      Free Trial
      Free/Freemium Version
      Premium Consulting/Integration Services

      Entry-level set up fee?

      No setup fee

      Additional Details

      Likelihood to Renew

      AccountMate

      No answers on this topic

      Wave

      Easy to use for clients with no accounting background and the price is right.
      Read full review

      Usability

      AccountMate

      No answers on this topic

      Wave

      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
      Read full review

      Reliability and Availability

      AccountMate

      No answers on this topic

      Wave

      WAVE is always available when we need it ! Peter
      Read full review

      Performance

      AccountMate

      No answers on this topic

      Wave

      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.
      Read full review

      Support Rating

      AccountMate

      No answers on this topic

      Wave

      I never had to call Wave Support as we barely experienced any support-related problems on our side. However, I do know a few people that complained about Wave support. It would be nice as well, though if they could have more in your face tutorials for new users or how-to videos should we struggle to do something
      Read full review

      Online Training

      AccountMate

      No answers on this topic

      Wave

      easy to use and east to train on ! Our WAVE clients enjoy the ease of use
      Read full review

      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).
      Read full review

      Wave

      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
      Read full review

      Scalability

      AccountMate

      No answers on this topic

      Wave

      Once they out grow what is ability to move up to a more robust system?
      Read full review

      Return on Investment

      AccountMate

      • Allows us to quickly gain insight into the current and past performance of the company
      Read full review

      Wave

      • 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.
      Read full review

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