Acumatica vs. Wave Accounting

I think it’s a great product. I think it’s very customizable, which is a big plus.
For manufacturing, it’s excellent because of creating the inventory, turning it into an actual product to sell, and also tracking the status of each process within that system.
I can’t think of any areas where it’s not suited, because otherwise we would be looking for something else or making changes, and at this time, we’re just growing with the system.

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.

Incentivized

• The data is very flexible, you are almost able to do anything with the data if you can establish the right relations.
• The UI is very friendly and easy on the eyes, compared to our last ERP which I coined as a "List of lists" where drop-down menus lead to drop-down menus.
• Dashboards and keeping everything as a single source of truth.

Incentivized

• The dashboard provides instant views of month-by month income & expenses for the past 12-24 months, a breakdown of current year expense by category, and net income for the past year and year-to-date.
• Invoicing has easy templated set up has lots of per invoice options such as single/recurring payment options, due dates.
• Year end reports are easy to generate in either pdf or csv format.

Incentivized

• I think improvement, we don't know too much yet as we're just now going live, but the customization is the thing that's nice about software like this, you are able to customize it very well easily, but that takes a little bit of understanding to get to know that, and so we're not quite there yet. That'd probably be my complaint, even though it's not really a complaint, it's just able to do too much for us.

Incentivized

• One area of improvement for Wave would be combining the various mobile applications into one app.
• Another room for improvement would be on the dashboard level. It would be great if they could use more bar graphs and get away from pie charts for things like expenses.
• Some of the other areas from improvement have been addressed by recent updates so I am excited to see what else Wave brings out.

Incentivized

It is a flexible system that is very flexible and is easy to use. It will also be able to scale as the company grows. Frankly, we have invested too much time to walk away from it now and the initial phase is going well

Incentivized

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

The processes are very intuitive and easy to use. Whether you are entering AP bills, timecards for payroll, or AR invoices, the processes are similar and easy to use. The drill-down capability is also a huge plus as you can easily toggle between different modules without having to leave the screen you are in and navigating through a menu to get the information you need. We found that the standard reports out of the box are lacking. Our implementation did not go so well and when we were finally ready to run financial reports, it was both disappointing and frustrating to discover that the P&L was highly summarized and to get a detailed report required having to do a lot of formatting myself. I was able to figure it out on my own, but when our financials were already delayed getting published, I did not really have the time to spend trying to figure out how to build my own P&L.

Incentivized

Wave [Accounting] is very simple and easy to use. Minimal training was required for all our users as the interface is very user-friendly, especially for small businesses looking to use something to track their financial data, Invoice and make payments. I loved using Wave [Accounting]. It lookes professional and [has] all the features we were looking for.

It's always available.

WAVE is always available when we need it ! Peter

there have been some performance issues

Incentivized

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.

I would rate the overall support for Acumatica an 8 out of 10. The support team is generally responsive, knowledgeable, and helpful when resolving issues or answering questions. Documentation and community resources are also useful. However, response times can occasionally vary depending on the complexity of the issue or support queue, which slightly affects the overall experience.

Incentivized

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.

Incentivized

It was on General Inquiries and it's just a complex topic.

Online training has gone away. Need to bring back the webinars. Live webinars are so benficial to training new employees.

Incentivized

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

I'd say the partner selection is critically important. I think the software is very easy to implement. It's very customizable to your business. Finding a partner that will work with you to understand your business and your needs is the critical piece to make sure that the system goes along with it.

Incentivized

Acumatica excels well against other tools due to its rich set of capabilities like deep integrated project management, financial management, scalable unlimited users, robust real-time visibility and strong customisation, outperforming Odoo's variable modules and QuickBook's limited ERP capabilities.

Incentivized

Wave's price point was in line with what my company needed to manage basic accounting (payable and receivable accounts). It made it easy for me to issue monthly invoices to clients and track when invoices were paid. The software makes these tasks easy to manage and inputting data for accurate accounting and invoicing is a breeze. It really offers a lot of flexibility, so you can use the software the way you need it.

Incentivized

From my understanding, the P.O. module is not very robust, at least the last time I inquired about it. At the time, it had a one-to-one match, with one invoice for one P.O. and that isn't practical for many businesses. I don't believe it would be an easy system to use for sending out invoices, if we had thousands of retail utility customers. We do a small number of invoices because we sell wholesale power, not retail, so we only Invoice the municipality. Not each utility customer.

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

• Positive. Again, it is just that insight that everybody can see. Whether it's my sales guy that's on the show floor that's looking at it at his mobile app, or if it's me in the office logging in every single day, I know what our inventory is. I'm never worried about if we have enough product or where everyone is at. It has it all.

Incentivized

• Wave has enabled our accounts payable to maintain a 99% closure rate by leveraging auto reminders through the email system.
• Our quote to invoice process is a single click, saving time and effort. Even minor changes during that transition occur simply and easily.
• Aside from payments, Wave has been free for our usage. Our bottom line is better because we're not investing in software but instead embracing an entire ecosystem.

Incentivized