What users are saying about
13 Ratings
<a href='https://www.trustradius.com/static/about-trustradius-scoring#question3' target='_blank' rel='nofollow'>Customer Verified: Read more.</a>
Top Rated
105 Ratings
13 Ratings
<a href='https://www.trustradius.com/static/about-trustradius-scoring' target='_blank' rel='nofollow'>trScore algorithm: Learn more.</a>
Score 8.5 out of 101

Wave Accounting

<a href='https://www.trustradius.com/static/about-trustradius-scoring#question3' target='_blank' rel='nofollow'>Customer Verified: Read more.</a>
Top Rated
105 Ratings
<a href='https://www.trustradius.com/static/about-trustradius-scoring' target='_blank' rel='nofollow'>trScore algorithm: Learn more.</a>
Score 9.2 out of 101

Likelihood to Recommend

Acumatica

I believe that Acumatica is very well suited for a distribution business. The features and functionalities such as multicurrency, stock transfer, and most especially the CRM platform are perfect for this kind of business model.On other the hand, we feel that Acumatica is weak on food service businesses like a restaurant. It lacks the features and functionalities to be able to measure the assembly of food computation based on certain ingredients.
Parker Ong profile photo

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 profile photo

Feature Rating Comparison

Payroll Management

Acumatica
7.5
Wave Accounting
7.9
Pay calculation
Acumatica
7.0
Wave Accounting
8.2
Benefit plan administration
Acumatica
7.0
Wave Accounting
7.5
Direct deposit files
Acumatica
8.0
Wave Accounting
8.0
Salary revision and increment management
Acumatica
8.0
Wave Accounting
7.7
Reimbursement management
Acumatica
7.5
Wave Accounting
8.0

Customization

Acumatica
5.6
Wave Accounting
8.6
API for custom integration
Acumatica
5.7
Wave Accounting
8.6
Plug-ins
Acumatica
5.5
Wave Accounting
8.7

Security

Acumatica
8.7
Wave Accounting
8.4
Single sign-on capability
Acumatica
9.0
Wave Accounting
9.1
Role-based user permissions
Acumatica
8.3
Wave Accounting
7.7

Reporting & Analytics

Acumatica
8.0
Wave Accounting
8.5
Dashboards
Acumatica
8.0
Wave Accounting
8.5
Standard reports
Acumatica
7.9
Wave Accounting
8.3
Custom reports
Acumatica
8.1
Wave Accounting
8.6

General Ledger and Configurable Accounting

Acumatica
7.9
Wave Accounting
8.3
Accounts payable
Acumatica
8.2
Wave Accounting
8.7
Accounts receivable
Acumatica
7.6
Wave Accounting
9.2
Global Financial Support
Acumatica
7.7
Wave Accounting
9.0
Primary and Secondary Ledgers
Acumatica
8.0
Wave Accounting
9.2
Intercompany Accounting
Acumatica
8.1
Wave Accounting
8.6
Localizations
Acumatica
8.0
Wave Accounting
9.5
Journals and Reconciliations
Acumatica
7.8
Wave Accounting
8.2
Enterprise Accounting
Acumatica
8.0
Wave Accounting
8.7
Configurable Accounting
Acumatica
8.0
Wave Accounting
8.8
Centralized Rules Framework
Acumatica
8.0
Wave Accounting
9.0
Standardized Processes
Acumatica
7.6
Wave Accounting
8.2
Cash management
Acumatica
Wave Accounting
8.1
Bank reconciliation
Acumatica
Wave Accounting
8.0
Expense management
Acumatica
Wave Accounting
8.6
Time tracking
Acumatica
Wave Accounting
7.7
Fixed asset management
Acumatica
Wave Accounting
7.2
Multi-currency support
Acumatica
Wave Accounting
8.2
Multi-division support
Acumatica
Wave Accounting
7.3
Regulations compliance
Acumatica
Wave Accounting
7.3
Electronic tax filing
Acumatica
Wave Accounting
6.0
Self-service portal
Acumatica
Wave Accounting
8.9

Inventory Management

Acumatica
8.4
Wave Accounting
8.9
Inventory tracking
Acumatica
9.0
Wave Accounting
9.5
Automatic reordering
Acumatica
8.0
Wave Accounting
8.1
Location management
Acumatica
8.8
Wave Accounting
9.0
Manufacturing module
Acumatica
8.0
Wave Accounting
9.0

Order Management

Acumatica
7.9
Wave Accounting
8.1
Pricing
Acumatica
7.8
Wave Accounting
8.4
Order entry
Acumatica
8.1
Wave Accounting
8.4
Credit card processing
Acumatica
8.0
Wave Accounting
9.1
Cost of goods sold
Acumatica
8.0
Wave Accounting
8.8
Order Orchestration
Acumatica
7.5
Wave Accounting
8.0
End-to-end order visibility
Acumatica
7.8
Wave Accounting
5.9
Order exception Resolution
Acumatica
8.0
Wave Accounting
8.0

Subledger and Financial Process

Acumatica
7.8
Wave Accounting
Automated Invoice Processing
Acumatica
7.0
Wave Accounting
Shared Services Payments
Acumatica
9.0
Wave Accounting
Billings Management
Acumatica
7.0
Wave Accounting
Customer Receipt Applications
Acumatica
8.0
Wave Accounting
Customer Collections
Acumatica
7.8
Wave Accounting
Revenue Recognition
Acumatica
8.0
Wave Accounting
Cash Management
Acumatica
7.9
Wave Accounting
Asset Management
Acumatica
9.0
Wave Accounting
Travel & Expense Management
Acumatica
7.5
Wave Accounting
Budgetary Control & Encumbrance Accounting
Acumatica
7.5
Wave Accounting
Period Close
Acumatica
7.8
Wave Accounting
Transactions Tax
Acumatica
7.5
Wave Accounting
Subledger Reconciliations
Acumatica
8.0
Wave Accounting
3rd Party Accounting Systems
Acumatica
7.0
Wave Accounting

Project Financial Management

Acumatica
7.9
Wave Accounting
Budgeting and Forecasting
Acumatica
7.5
Wave Accounting
Project Costing
Acumatica
7.5
Wave Accounting
Cost Capture
Acumatica
7.5
Wave Accounting
Capital Project Management
Acumatica
8.0
Wave Accounting
Customer Invoicing
Acumatica
8.0
Wave Accounting
Customer Contract Compliance
Acumatica
7.0
Wave Accounting
Project Revenue Recognition
Acumatica
7.5
Wave Accounting
Project Financial Performance Analysis
Acumatica
8.0
Wave Accounting
Project Financials Dashboard
Acumatica
9.0
Wave Accounting
Real-time Financial Reporting
Acumatica
9.0
Wave Accounting
Embedded Business Intelligence
Acumatica
8.0
Wave Accounting
Project Planning Collaboration
Acumatica
8.0
Wave Accounting

Project Execution Management

Acumatica
8.0
Wave Accounting
Project Planning and Scheduling
Acumatica
8.0
Wave Accounting
Project Manager Dashboard
Acumatica
8.0
Wave Accounting
Resource Manager Dashboard
Acumatica
8.0
Wave Accounting
Task Insight for Project Managers
Acumatica
8.0
Wave Accounting
Team Member Task Collaboration
Acumatica
7.0
Wave Accounting
Talent Profiles
Acumatica
9.0
Wave Accounting
Real-Time Project Reporting
Acumatica
8.0
Wave Accounting

Grants Management

Acumatica
7.8
Wave Accounting
Award Lifecycle Management
Acumatica
7.0
Wave Accounting
Spending Control
Acumatica
8.0
Wave Accounting
Indirect Cost Management
Acumatica
8.0
Wave Accounting
Billing
Acumatica
8.0
Wave Accounting

Procurement

Acumatica
7.9
Wave Accounting
Sourcing Team Collaboration
Acumatica
8.0
Wave Accounting
Sourcing Analysis
Acumatica
8.0
Wave Accounting
Bids Analyzed and Compared
Acumatica
8.0
Wave Accounting
Catalog Shopping E-Commerce for Employees
Acumatica
7.0
Wave Accounting
Invoice Automated Matching
Acumatica
7.0
Wave Accounting
Requisitions-to-Purchase Orders Integrated
Acumatica
9.0
Wave Accounting
Supplier Assessment
Acumatica
8.0
Wave Accounting
Supplier Management
Acumatica
9.0
Wave Accounting
Supplier Portal
Acumatica
7.0
Wave Accounting

Logistics

Acumatica
7.8
Wave Accounting
Transportation Planning and Optimization
Acumatica
7.0
Wave Accounting
Transportation Sourcing Management
Acumatica
7.0
Wave Accounting
Trade Management
Acumatica
8.0
Wave Accounting
Customs Entry Management
Acumatica
8.0
Wave Accounting
Customs Document Management
Acumatica
8.0
Wave Accounting
Customs Document Collaboration
Acumatica
8.0
Wave Accounting
Fulfillment Management
Acumatica
8.0
Wave Accounting
Inventory Visibility
Acumatica
8.0
Wave Accounting

Manufacturing

Acumatica
7.2
Wave Accounting
Production Process Design
Acumatica
7.0
Wave Accounting
Supply Chain Business Flows
Acumatica
7.0
Wave Accounting
Production Management
Acumatica
8.0
Wave Accounting
Configuration Management
Acumatica
7.0
Wave Accounting
Manufacturing Costs
Acumatica
7.0
Wave Accounting

Supply Chain

Acumatica
8.0
Wave Accounting
Forecasting
Acumatica
8.0
Wave Accounting
Inventory Planning
Acumatica
8.0
Wave Accounting
Multi-tier Supply Chain Planning
Acumatica
8.0
Wave Accounting

Product Lifecycle Management

Acumatica
8.0
Wave Accounting
Proposal Management
Acumatica
8.0
Wave Accounting
Product Master Data Management
Acumatica
9.0
Wave Accounting
Vendor Portal
Acumatica
7.0
Wave Accounting
Project Portfolio Management
Acumatica
8.0
Wave Accounting

Accounting Firm BPO Features

Acumatica
Wave Accounting
8.0
Branded client dashboards
Acumatica
Wave Accounting
8.0
Client data roll-up capabilities
Acumatica
Wave Accounting
8.0
Client data consolidation for benchmarking
Acumatica
Wave Accounting
7.5
Configurable alerts
Acumatica
Wave Accounting
8.0
Billing bypass
Acumatica
Wave Accounting
8.0
Client template cloning
Acumatica
Wave Accounting
8.0
Single sign-on
Acumatica
Wave Accounting
9.0
Configurable client onboarding questions
Acumatica
Wave Accounting
8.0
Cross-client workflow management
Acumatica
Wave Accounting
8.0
Industry-specific versioning
Acumatica
Wave Accounting
8.0
Legacy system data migration
Acumatica
Wave Accounting
8.0

Pros

Acumatica

  • Expense reporting: Available both on the desktop and app versions, it has allowed our team members to reduce almost all paper in the expense reporting process, streamline approvals, and reduced time from submission to final payment.
  • CRM: Managing customer information in a single place, accessible to all. Connecting customer accounts to opportunities allow us to quickly see the overall value of an account from past, current and future opportunities.
  • Financial: Drill downs in reporting allows quick and easy access to address questions on individual transactions affecting financial performance. Drill downs are also protected by permissions and roles to ensure people only have access to information relevant to them.
No photo available

Wave Accounting

  • Invoices are so easy to execute. Whether they are one-off or recurring, fixed or variable, single item or multiple line entries, they come out looking professional, polished and they get sent without any fuss. Put your client's info on them, add your logo, describe the services, add notes, set due dates, etc. all without cracking an abacus.
  • It's a little thing but I love how the estimates feature integrates with Invoices. You start by making an estimate for a client, with a defined expiry date. Once they accept, you can convert that estimate immediately into an Invoice and set it up to send.
  • Built-in payment processing is great. I don't have to worry about Paypal or Stripe or anything, Wave just handles my client's credit cards so I don't have to do a thing. They even have recurring billing for my retainer clients!
J.P. VanderLinden profile photo

Cons

Acumatica

  • Email integration: Horribly clunky, requires users to share email password with Acumatica to allow use of outbound emails. Should be using a more secure method like access tokens.
  • Expense approval process: Once expense claims are approved, approvers (depending on role) can no longer see the approved/denied claims. Denial of claims requires a manual email/call to submitter instructing them to correct and resubmit the claim.
  • CRM: Allow for tracking of cases by the opportunity in addition to business accounts. This would allow for more accurate tracking of issues related to specific opportunities.
No photo available

Wave Accounting

  • The mobile experience leaves a lot to be desired. While I can use the receipt app to capture expenses, we live in a mobile digital world where I need to be able to create quotes and invoices on the spot and not back at my desk.
  • There are a few accounting and account related tools that could use some sharpening. For example, there isn't a good way to merge transactions - so when I snap a picture of a receipt and add it there is trouble reconciling against the bank. This shows up as two discrete transactions that cannot be merged - so one has to be manually deleted. It kind of defeats the purpose of scanning the receipts in entirely.
  • We've struggled with integrating debt accounts. For example, a shareholder may pay for something to get us by one day - how to we capture that as a debt owed? There isn't a way. The "shareholder debt" account doesn't talk to the rest of the system.
No photo available

Likelihood to Renew

Acumatica

Acumatica 9.0
Based on 1 answer
It is very customisable and good value for money. It is also scalable for the future. The CRM and ecommerce integtration are the main downsides.
Justin Leflaive profile photo

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 profile photo

Usability

Acumatica

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 profile photo

Reliability and Availability

Acumatica

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 profile photo

Performance

Acumatica

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 profile photo

Support

Acumatica

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 profile photo

Online Training

Acumatica

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 profile photo

Alternatives Considered

Acumatica

I liked the flexibility of Salesforce and the ability to customize look and feel with minimal development involvement. Email integration was smooth and seamless. However, Acumatica's ability to customize certain business processes to meet our particular day to day operational needs and account based fee as opposed to user based fees made it a better option for our organization.
No photo available

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
No photo available

Scalability

Acumatica

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 profile photo

Return on Investment

Acumatica

  • Better communication and collaboration on customer accounts through the CRM.
  • Improved month-end close time and more up to date financial information.
  • Slow to implement has been frustrating for the team and has been more expensive than anticipated.
No photo available

Wave Accounting

  • Being as it's free software to use I'd say implementing wave has been a positive return for the business.
  • Providing us the ability to process credit cards over the phone has increased our turn time to receive payments thus saving time overall which equates to $1,000's a year
Matthew Gehrman profile photo

Pricing Details

Acumatica

General

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

Wave Accounting

General

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

Add comparison