What users are saying about
3 Ratings
<a href='https://www.trustradius.com/static/about-trustradius-scoring#question3' target='_blank' rel='nofollow noopener noreferrer'>Customer Verified: Read more.</a>
Top Rated
123 Ratings
3 Ratings
<a href='https://www.trustradius.com/static/about-trustradius-scoring' target='_blank' rel='nofollow noopener noreferrer'>trScore algorithm: Learn more.</a>
Score 10 out of 100

Wave Accounting

<a href='https://www.trustradius.com/static/about-trustradius-scoring#question3' target='_blank' rel='nofollow noopener noreferrer'>Customer Verified: Read more.</a>
Top Rated
123 Ratings
<a href='https://www.trustradius.com/static/about-trustradius-scoring' target='_blank' rel='nofollow noopener noreferrer'>trScore algorithm: Learn more.</a>
Score 7.9 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 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 | TrustRadius Reviewer

Feature Rating Comparison

Payroll Management

AccountMate
8.8
Wave Accounting
8.1
Pay calculation
AccountMate
10.0
Wave Accounting
8.6
Direct deposit files
AccountMate
9.0
Wave Accounting
8.8
Salary revision and increment management
AccountMate
8.0
Wave Accounting
7.7
Reimbursement management
AccountMate
8.0
Wave Accounting
7.9
Benefit plan administration
AccountMate
Wave Accounting
7.5

Security

AccountMate
9.0
Wave Accounting
8.5
Single sign-on capability
AccountMate
9.0
Wave Accounting
8.2
Role-based user permissions
AccountMate
Wave Accounting
8.8

Reporting & Analytics

AccountMate
7.0
Wave Accounting
8.3
Dashboards
AccountMate
6.0
Wave Accounting
8.3
Standard reports
AccountMate
9.0
Wave Accounting
8.5
Custom reports
AccountMate
6.0
Wave Accounting
8.0

General Ledger and Configurable Accounting

AccountMate
7.6
Wave Accounting
7.3
Accounts payable
AccountMate
8.0
Wave Accounting
7.3
Accounts receivable
AccountMate
9.0
Wave Accounting
8.0
Cash management
AccountMate
7.0
Wave Accounting
7.5
Bank reconciliation
AccountMate
8.0
Wave Accounting
7.7
Expense management
AccountMate
9.0
Wave Accounting
8.0
Time tracking
AccountMate
7.0
Wave Accounting
4.1
Multi-currency support
AccountMate
7.0
Wave Accounting
7.0
Multi-division support
AccountMate
9.0
Wave Accounting
7.1
Regulations compliance
AccountMate
7.0
Wave Accounting
6.6
Electronic tax filing
AccountMate
8.0
Wave Accounting
6.9
Global Financial Support
AccountMate
8.0
Wave Accounting
9.0
Intercompany Accounting
AccountMate
5.0
Wave Accounting
8.1
Journals and Reconciliations
AccountMate
8.0
Wave Accounting
6.9
Enterprise Accounting
AccountMate
7.0
Wave Accounting
5.8
Configurable Accounting
AccountMate
7.0
Wave Accounting
6.5
Standardized Processes
AccountMate
7.0
Wave Accounting
9.2
Fixed asset management
AccountMate
Wave Accounting
8.4
Self-service portal
AccountMate
Wave Accounting
6.8
Primary and Secondary Ledgers
AccountMate
Wave Accounting
9.0
Localizations
AccountMate
Wave Accounting
6.1
Centralized Rules Framework
AccountMate
Wave Accounting
8.2

Inventory Management

AccountMate
8.0
Wave Accounting
8.1
Inventory tracking
AccountMate
9.0
Wave Accounting
5.4
Automatic reordering
AccountMate
8.0
Wave Accounting
9.7
Manufacturing module
AccountMate
7.0
Wave Accounting
9.0
Location management
AccountMate
Wave Accounting
8.2

Order Management

AccountMate
8.6
Wave Accounting
7.7
Pricing
AccountMate
8.0
Wave Accounting
7.8
Order entry
AccountMate
9.0
Wave Accounting
8.0
Credit card processing
AccountMate
9.0
Wave Accounting
8.1
Cost of goods sold
AccountMate
9.0
Wave Accounting
7.5
End-to-end order visibility
AccountMate
8.0
Wave Accounting
8.8
Order Orchestration
AccountMate
Wave Accounting
6.6
Order exception Resolution
AccountMate
Wave Accounting
7.2

Customization

AccountMate
9.0
Wave Accounting
7.5
Plug-ins
AccountMate
9.0
Wave Accounting
7.3
API for custom integration
AccountMate
Wave Accounting
7.7

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

  • The ease of use with Wave makes it a great tool. Someone without much accounting experience can jump in and use the software.
  • The reports features in Wave make looking at financial statements a breeze. In addition you can quickly drill down into expense categories to see all transactions of a certain type.
  • It is very easy to generate a sales invoice and see the average period for our company to get paid.
  • I love the Wave Invoice app where we can track invoices on the go and verify payment history.
Lukas Sundahl, MBA | 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

  • connection to bank sometimes lags - you can refresh the connection but it takes a minute or two to update
  • sometimes invoices are categorized as sales versus consulting income - you really have to look and change it to the appropriate income account. once an invoice is recorded as paid, you can change the income account
  • Wave has a tendency of not accepting a saved password, forcing users to reset a password that is knowingly valid. Using Single Sign On eliminates this but it's still annoying.
Kristy Nittskoff | 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 5.3
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 | 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 9.0
Based on 1 answer
If they had live chat service then I'd rate this a 10.
Matthew Gehrman | 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 better in being my one place to go for collecting payments. PayPal is nice if you're on the road collecting payments through their app and using PayPal Here, but if you would like to keep invoicing in the same place as your bookkeeping, I think Wave is a better-integrated solution.
Carl Grivakis | 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 is free. As a small business owner, it's difficult for me to commit to using too many different software because costs add up. Wave is a very competitive application with many features. I don't think I can go elsewhere at this point. It's far too attractive.
  • Wave does have paid features relating to payroll and bank account transfers. I prefer to handle incoming payments through checks manually so I don't worry about bank transfers. For some, this might be a concern, but you are likely paying for this no matter what you use.
  • Wave has saved me a considerable amount of time going back and forth between my bank's website and excel sheets. This is immeasurable to me. Keeping invoices in one place is also a big deal. I really love this software.
Chris Hecox | 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
7.8

Likelihood to Renew

AccountMate
Wave Accounting
7.8

Usability

AccountMate
Wave Accounting
5.3

Reliability and Availability

AccountMate
Wave Accounting
6.7

Performance

AccountMate
Wave Accounting
2.9

Support Rating

AccountMate
Wave Accounting
9.0

Online Training

AccountMate
Wave Accounting
4.7

Scalability

AccountMate
Wave Accounting
3.0

Add comparison