Overview
ProductRatingMost Used ByProduct SummaryStarting Price
Acumatica
Score 8.7 out of 10
N/A
Acumatica delivers a set of cloud-based business software applications with dashboards, reporting tools, integrated document management, centralized security, and customization tools.
$1,000
per year
Wave Accounting
Score 6.1 out of 10
N/A
Wave Accounting is a free, cloud-based accounting platform exclusively for small businesses. It supports double-entry bookkeeping and permits unlimited user access, invoicing, and expense management. Wave Accounting integrates with Wave's invoicing, receipt scanning, payment processing and payroll apps.N/A
Pricing
AcumaticaWave Accounting
Editions & Modules
No answers on this topic
No answers on this topic
Offerings
Pricing Offerings
AcumaticaWave Accounting
Free Trial
NoNo
Free/Freemium Version
NoNo
Premium Consulting/Integration Services
YesNo
Entry-level Setup FeeNo setup feeNo setup fee
Additional DetailsPricing is always consumption-based with no five-year lock-ins or termination penalties. The Acumatica ERP pricing structure allows adding casual users, suppliers, and customers without paying for additional licenses. The cost is based on the features and resources utilized, not on the number of users who access the system. An Acumatica partner works with users to understand specific requirements, determine the proper resources and modules for the company, and presents a price for the license.
More Pricing Information
Community Pulse
AcumaticaWave Accounting
Top Pros
Top Cons
Features
AcumaticaWave Accounting
Payroll Management
Comparison of Payroll Management features of Product A and Product B
Acumatica
8.6
57 Ratings
17% above category average
Wave Accounting
6.2
24 Ratings
19% below category average
Pay calculation7.850 Ratings7.123 Ratings
Benefit plan administration7.135 Ratings7.54 Ratings
Direct deposit files8.246 Ratings1.220 Ratings
Salary revision and increment management00 Ratings7.712 Ratings
Reimbursement management00 Ratings7.48 Ratings
Customization
Comparison of Customization features of Product A and Product B
Acumatica
8.5
162 Ratings
15% above category average
Wave Accounting
8.5
13 Ratings
19% above category average
API for custom integration8.6150 Ratings9.99 Ratings
Plug-ins8.3146 Ratings7.011 Ratings
Security
Comparison of Security features of Product A and Product B
Acumatica
8.6
201 Ratings
5% above category average
Wave Accounting
9.4
43 Ratings
18% above category average
Single sign-on capability8.8162 Ratings9.630 Ratings
Role-based user permissions8.4198 Ratings9.134 Ratings
Reporting & Analytics
Comparison of Reporting & Analytics features of Product A and Product B
Acumatica
8.4
207 Ratings
18% above category average
Wave Accounting
8.1
70 Ratings
7% above category average
Dashboards8.5195 Ratings9.268 Ratings
Standard reports8.1204 Ratings9.367 Ratings
Custom reports8.4199 Ratings5.734 Ratings
General Ledger and Configurable Accounting
Comparison of General Ledger and Configurable Accounting features of Product A and Product B
Acumatica
8.9
432 Ratings
15% above category average
Wave Accounting
6.8
73 Ratings
9% below category average
Accounts payable8.7421 Ratings9.256 Ratings
Accounts receivable8.6328 Ratings9.467 Ratings
Global Financial Support8.1115 Ratings9.02 Ratings
Primary and Secondary Ledgers8.6165 Ratings7.04 Ratings
Journals and Reconciliations8.7314 Ratings6.228 Ratings
Configurable Accounting8.6190 Ratings5.516 Ratings
Standardized Processes8.6205 Ratings4.317 Ratings
Cash management00 Ratings9.259 Ratings
Bank reconciliation00 Ratings9.463 Ratings
Expense management00 Ratings9.561 Ratings
Time tracking00 Ratings9.311 Ratings
Fixed asset management00 Ratings9.312 Ratings
Multi-currency support00 Ratings10.019 Ratings
Multi-division support00 Ratings7.19 Ratings
Regulations compliance00 Ratings6.815 Ratings
Electronic tax filing00 Ratings5.914 Ratings
Self-service portal00 Ratings1.739 Ratings
Intercompany Accounting00 Ratings4.05 Ratings
Localizations00 Ratings5.23 Ratings
Enterprise Accounting00 Ratings4.07 Ratings
Centralized Rules Framework00 Ratings1.03 Ratings
Inventory Management
Comparison of Inventory Management features of Product A and Product B
Acumatica
8.5
260 Ratings
7% above category average
Wave Accounting
8.1
11 Ratings
14% above category average
Inventory tracking8.4256 Ratings5.68 Ratings
Automatic reordering7.6109 Ratings9.95 Ratings
Location management8.6139 Ratings8.12 Ratings
Manufacturing module00 Ratings9.01 Ratings
Order Management
Comparison of Order Management features of Product A and Product B
Acumatica
8.8
268 Ratings
12% above category average
Wave Accounting
7.6
52 Ratings
3% above category average
Pricing8.2235 Ratings9.926 Ratings
Order entry8.7240 Ratings10.018 Ratings
Credit card processing8.5163 Ratings2.345 Ratings
Cost of goods sold8.3225 Ratings10.033 Ratings
Order Orchestration8.0108 Ratings5.85 Ratings
End-to-end order visibility00 Ratings8.24 Ratings
Order exception Resolution00 Ratings7.02 Ratings
Subledger and Financial Process
Comparison of Subledger and Financial Process features of Product A and Product B
Acumatica
8.9
300 Ratings
18% above category average
Wave Accounting
-
Ratings
Billing Management8.7170 Ratings00 Ratings
Cash and Asset Management8.6277 Ratings00 Ratings
Travel & Expense Management7.9123 Ratings00 Ratings
Budgetary Control & Encumbrance Accounting8.9127 Ratings00 Ratings
Period Close8.8181 Ratings00 Ratings
Project Financial Management
Comparison of Project Financial Management features of Product A and Product B
Acumatica
9.9
4 Ratings
26% above category average
Wave Accounting
-
Ratings
Budgeting and Forecasting9.64 Ratings00 Ratings
Project Costing9.93 Ratings00 Ratings
Cost Capture9.93 Ratings00 Ratings
Capital Project Management10.02 Ratings00 Ratings
Customer Contract Compliance10.02 Ratings00 Ratings
Project Revenue Recognition9.93 Ratings00 Ratings
Project Execution Management
Comparison of Project Execution Management features of Product A and Product B
Acumatica
8.2
89 Ratings
17% above category average
Wave Accounting
-
Ratings
Project Planning and Scheduling8.482 Ratings00 Ratings
Task Insight for Project Managers8.480 Ratings00 Ratings
Project Mobile Functionality8.168 Ratings00 Ratings
Definable Resource Pools8.643 Ratings00 Ratings
Grants Management
Comparison of Grants Management features of Product A and Product B
Acumatica
8.2
32 Ratings
8% above category average
Wave Accounting
-
Ratings
Award Lifecycle Management8.632 Ratings00 Ratings
Procurement
Comparison of Procurement features of Product A and Product B
Acumatica
7.7
170 Ratings
10% above category average
Wave Accounting
-
Ratings
Bids Analyzed and Compared8.448 Ratings00 Ratings
Contract Authoring8.731 Ratings00 Ratings
Requisitions-to-Purchase Orders Integrated8.1140 Ratings00 Ratings
Supplier Management8.173 Ratings00 Ratings
Risk Management
Comparison of Risk Management features of Product A and Product B
Acumatica
8.7
49 Ratings
28% above category average
Wave Accounting
-
Ratings
Risk Repository8.637 Ratings00 Ratings
Control Management8.741 Ratings00 Ratings
Control Efficiency Assessments8.738 Ratings00 Ratings
Issue Detection8.740 Ratings00 Ratings
Remediation and Certification8.633 Ratings00 Ratings
Logistics
Comparison of Logistics features of Product A and Product B
Acumatica
8.7
69 Ratings
23% above category average
Wave Accounting
-
Ratings
Transportation Planning and Optimization7.250 Ratings00 Ratings
Transportation Execution Management7.947 Ratings00 Ratings
Trade and Customs Management7.339 Ratings00 Ratings
Fulfillment Management8.255 Ratings00 Ratings
Warehouse Workforce Management7.751 Ratings00 Ratings
Manufacturing
Comparison of Manufacturing features of Product A and Product B
Acumatica
8.9
75 Ratings
16% above category average
Wave Accounting
-
Ratings
Production Process Design7.963 Ratings00 Ratings
Production Management8.170 Ratings00 Ratings
Configuration Management8.364 Ratings00 Ratings
Work Execution8.556 Ratings00 Ratings
Manufacturing Costs8.266 Ratings00 Ratings
Supply Chain
Comparison of Supply Chain features of Product A and Product B
Acumatica
8.3
88 Ratings
12% above category average
Wave Accounting
-
Ratings
Forecasting7.577 Ratings00 Ratings
Inventory Planning7.882 Ratings00 Ratings
Performance Monitoring7.872 Ratings00 Ratings
Product Lifecycle Management
Comparison of Product Lifecycle Management features of Product A and Product B
Acumatica
8.7
50 Ratings
17% above category average
Wave Accounting
-
Ratings
Proposal Management8.741 Ratings00 Ratings
Product Master Data Management8.348 Ratings00 Ratings
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Score 9.0 out of 10
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User Ratings
AcumaticaWave Accounting
Likelihood to Recommend
8.8
(477 ratings)
3.7
(79 ratings)
Likelihood to Renew
8.7
(24 ratings)
7.8
(3 ratings)
Usability
7.5
(17 ratings)
6.2
(15 ratings)
Availability
-
(0 ratings)
6.7
(4 ratings)
Performance
-
(0 ratings)
2.9
(2 ratings)
Support Rating
6.5
(13 ratings)
2.6
(12 ratings)
In-Person Training
9.1
(1 ratings)
-
(0 ratings)
Online Training
9.1
(1 ratings)
4.7
(3 ratings)
Implementation Rating
6.5
(7 ratings)
-
(0 ratings)
Contract Terms and Pricing Model
8.2
(1 ratings)
-
(0 ratings)
Product Scalability
-
(0 ratings)
3.0
(2 ratings)
Professional Services
9.1
(1 ratings)
-
(0 ratings)
Vendor post-sale
9.1
(1 ratings)
-
(0 ratings)
Vendor pre-sale
9.1
(1 ratings)
-
(0 ratings)
User Testimonials
AcumaticaWave Accounting
Likelihood to Recommend
Acumatica
I think it's well-suited for most businesses. It just depends on the business and some specifics. It's hard to generalize or say it's good or not good based on that. But I think overall I think it fits most problems out of the box.
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
Acumatica
  • Streamlines our processes and simplifies our systems. Previously, we had to manage two software systems to handle an order and get it out the door with proper shipping documentation. Now, we were able to deploy the shipping document creation inline with the sales order process and streamline our process. This allows us to save about $3K a year just on time savings alone (in creating shipping documentation). This was a nice win for us for this project.
  • Financial Reporting is simplified and flexible for our needs. We are estimating a time savings of around $14.5K per year in time spent creating reports through manual manipulation. The reporting capabilities are much more flexible and allow for greater visibility than our previous ERP.
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
Acumatica
  • One of the things I think that's not standard is that when you're reviewing on the app, if you're trying to review as an invoice approver, you can't see the actual GL account numbers that it's going to, which kind of defeats the purpose and being able to approve because you want to make sure it's going to the right place. So that's one of the things. I also think some of the standard reports could use a little sprucing up. The fixed asset reports are very great if you want to know the total depreciation for the month, but not much else. So I have trouble trying to look at beginning adjustment and end on some of the reports that came standard with it.
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
Likelihood to Renew
Acumatica
We aren’t going to switch at this point! It’s a great system and we are looking forward to realizing the full potential of the system once we can find a VAR who has a bench that can support us.
Read full review
Wave
Easy to use for clients with no accounting background and the price is right.
Read full review
Usability
Acumatica
Most "things" are intuitive which makes the software nice. A few other "things" make no sense and come from a programmers mind, not a users experience.
Read full review
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
Acumatica
No answers on this topic
Wave
WAVE is always available when we need it ! Peter
Read full review
Performance
Acumatica
there have been some performance issues
Read full review
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
Acumatica
We used Acumatica Support directly for the first year or so. Overall it's pretty good, but sometimes the support staff wasn't educated on the customizations we had, nor was I as the Customer as I couldn't remember which things were customized and which things were out of the box, so when there was an error, there were some misunderstandings.
Read full review
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
Acumatica
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
Implementation Rating
Acumatica
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.
Read full review
Wave
No answers on this topic
Alternatives Considered
Acumatica
Well, we decided to go with Acumatica and I believe it was a really good decision. The VAR was a big part of that as well because of their insights and knowledge, but I just felt Acumatica was the right fit for us in size and it had the capabilities we needed, but it also wasn't overkill.
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
Acumatica
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
Acumatica
  • So far? It's had a negative effect on our ROI because it's an extremely expensive system and we're having a hard time getting it to function in all areas of the company. And we're a very small company, so we thought this would go a whole lot faster. The transition and errors we are experiencing have affected our customers with taxes and discounts (and not applying tax-exempt codes when they're entered) and other such basic financial functions. So far, we've had some really negative challenges, but we're optimistic that these will get worked out in the near future and we will realize an ROI (ROVI - return on VERY LARGE investment).
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
ScreenShots

Acumatica Screenshots

Screenshot of Acumatica Cloud ERP - Device SupportScreenshot of Acumatica Cloud ERP - Production Manager DashboardScreenshot of Acumatica Cloud ERP - Production Schedule BoardScreenshot of Acumatica Cloud ERP -Warehouse Manager DashboardScreenshot of Acumatica Cloud ERP - Purchasing Manager DashboardScreenshot of Acumatica Cloud ERP - Sales Manager Dashboard