Overview
ProductRatingMost Used ByProduct SummaryStarting Price
Acumatica
Score 8.8 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 7.8 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.
$16
per month
Pricing
AcumaticaWave Accounting
Editions & Modules
No answers on this topic
Starter
$0
Pro
$16
per month
Pro - billed annually
$170
per year
Offerings
Pricing Offerings
AcumaticaWave Accounting
Free Trial
NoNo
Free/Freemium Version
NoYes
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
Features
AcumaticaWave Accounting
Payroll Management
Comparison of Payroll Management features of Product A and Product B
Acumatica
8.3
112 Ratings
12% above category average
Wave Accounting
6.2
24 Ratings
19% below category average
Pay calculation7.398 Ratings7.123 Ratings
Benefit plan administration7.075 Ratings7.54 Ratings
Direct deposit files7.498 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
8.3
317 Ratings
10% above category average
Wave Accounting
8.5
13 Ratings
10% above category average
API for custom integration8.3298 Ratings9.99 Ratings
Plug-ins8.3271 Ratings7.011 Ratings
Security
Comparison of Security features of Product A and Product B
Acumatica
8.3
391 Ratings
1% below category average
Wave Accounting
6.5
45 Ratings
23% below category average
Single sign-on capability8.6323 Ratings6.532 Ratings
Role-based user permissions8.1384 Ratings6.536 Ratings
Reporting & Analytics
Comparison of Reporting & Analytics features of Product A and Product B
Acumatica
8.1
399 Ratings
9% above category average
Wave Accounting
7.6
73 Ratings
3% below category average
Dashboards8.2374 Ratings7.471 Ratings
Standard reports7.9392 Ratings8.770 Ratings
Custom reports8.2382 Ratings6.837 Ratings
General Ledger and Configurable Accounting
Comparison of General Ledger and Configurable Accounting features of Product A and Product B
Acumatica
8.7
664 Ratings
13% above category average
Wave Accounting
7.2
76 Ratings
5% below category average
Accounts payable8.5644 Ratings8.159 Ratings
Accounts receivable8.4534 Ratings8.170 Ratings
Global Financial Support7.9233 Ratings9.02 Ratings
Primary and Secondary Ledgers8.1323 Ratings9.05 Ratings
Journals and Reconciliations8.3508 Ratings8.530 Ratings
Configurable Accounting8.3365 Ratings5.017 Ratings
Standardized Processes8.4406 Ratings7.019 Ratings
Cash management00 Ratings9.062 Ratings
Bank reconciliation00 Ratings8.565 Ratings
Expense management00 Ratings8.464 Ratings
Time tracking00 Ratings9.811 Ratings
Fixed asset management00 Ratings9.812 Ratings
Multi-currency support00 Ratings10.019 Ratings
Multi-division support00 Ratings7.19 Ratings
Regulations compliance00 Ratings5.016 Ratings
Electronic tax filing00 Ratings5.914 Ratings
Self-service portal00 Ratings8.040 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
8.3
420 Ratings
4% above category average
Wave Accounting
8.1
11 Ratings
8% above category average
Inventory tracking8.2412 Ratings5.68 Ratings
Automatic reordering7.5209 Ratings9.95 Ratings
Location management8.1276 Ratings8.12 Ratings
Manufacturing module00 Ratings9.01 Ratings
Order Management
Comparison of Order Management features of Product A and Product B
Acumatica
8.6
429 Ratings
8% above category average
Wave Accounting
7.6
53 Ratings
0% below category average
Pricing8.1370 Ratings9.926 Ratings
Order entry8.5383 Ratings10.018 Ratings
Credit card processing7.9264 Ratings2.345 Ratings
Cost of goods sold8.1357 Ratings10.034 Ratings
Order Orchestration7.8199 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
8.7
498 Ratings
15% above category average
Wave Accounting
-
Ratings
Billing Management8.1337 Ratings00 Ratings
Cash and Asset Management8.1448 Ratings00 Ratings
Travel & Expense Management7.7241 Ratings00 Ratings
Budgetary Control & Encumbrance Accounting7.9257 Ratings00 Ratings
Period Close8.6363 Ratings00 Ratings
Project Financial Management
Comparison of Project Financial Management features of Product A and Product B
Acumatica
9.9
4 Ratings
27% 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
7.9
175 Ratings
13% above category average
Wave Accounting
-
Ratings
Project Planning and Scheduling7.6157 Ratings00 Ratings
Task Insight for Project Managers7.8154 Ratings00 Ratings
Project Mobile Functionality7.7133 Ratings00 Ratings
Definable Resource Pools7.891 Ratings00 Ratings
Grants Management
Comparison of Grants Management features of Product A and Product B
Acumatica
8.0
72 Ratings
9% above category average
Wave Accounting
-
Ratings
Award Lifecycle Management7.972 Ratings00 Ratings
Procurement
Comparison of Procurement features of Product A and Product B
Acumatica
7.5
256 Ratings
7% above category average
Wave Accounting
-
Ratings
Bids Analyzed and Compared7.999 Ratings00 Ratings
Contract Authoring7.875 Ratings00 Ratings
Requisitions-to-Purchase Orders Integrated8.2210 Ratings00 Ratings
Supplier Management8.0146 Ratings00 Ratings
Risk Management
Comparison of Risk Management features of Product A and Product B
Acumatica
7.9
109 Ratings
17% above category average
Wave Accounting
-
Ratings
Risk Repository8.177 Ratings00 Ratings
Control Management8.097 Ratings00 Ratings
Control Efficiency Assessments8.182 Ratings00 Ratings
Issue Detection7.784 Ratings00 Ratings
Remediation and Certification7.768 Ratings00 Ratings
Logistics
Comparison of Logistics features of Product A and Product B
Acumatica
8.7
135 Ratings
24% above category average
Wave Accounting
-
Ratings
Transportation Planning and Optimization7.3101 Ratings00 Ratings
Transportation Execution Management7.698 Ratings00 Ratings
Trade and Customs Management7.575 Ratings00 Ratings
Fulfillment Management8.0108 Ratings00 Ratings
Warehouse Workforce Management7.6104 Ratings00 Ratings
Manufacturing
Comparison of Manufacturing features of Product A and Product B
Acumatica
8.9
154 Ratings
18% above category average
Wave Accounting
-
Ratings
Production Process Design7.7129 Ratings00 Ratings
Production Management8.1142 Ratings00 Ratings
Configuration Management8.1127 Ratings00 Ratings
Work Execution8.2119 Ratings00 Ratings
Manufacturing Costs8.2136 Ratings00 Ratings
Supply Chain
Comparison of Supply Chain features of Product A and Product B
Acumatica
8.2
182 Ratings
12% above category average
Wave Accounting
-
Ratings
Forecasting7.6152 Ratings00 Ratings
Inventory Planning7.7171 Ratings00 Ratings
Performance Monitoring7.7150 Ratings00 Ratings
Product Lifecycle Management
Comparison of Product Lifecycle Management features of Product A and Product B
Acumatica
8.4
104 Ratings
15% above category average
Wave Accounting
-
Ratings
Proposal Management7.888 Ratings00 Ratings
Product Master Data Management7.799 Ratings00 Ratings
Best Alternatives
AcumaticaWave Accounting
Small Businesses
Zoho One
Zoho One
Score 9.3 out of 10
QuickBooks Self-Employed (discontinued)
QuickBooks Self-Employed (discontinued)
Score 9.1 out of 10
Medium-sized Companies
Infor VISUAL
Infor VISUAL
Score 8.3 out of 10
Zoho Books
Zoho Books
Score 9.0 out of 10
Enterprises
24SevenOffice
24SevenOffice
Score 8.8 out of 10
BlackLine
BlackLine
Score 8.6 out of 10
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User Ratings
AcumaticaWave Accounting
Likelihood to Recommend
8.9
(749 ratings)
6.4
(82 ratings)
Likelihood to Renew
9.1
(65 ratings)
7.8
(3 ratings)
Usability
8.4
(37 ratings)
8.3
(17 ratings)
Availability
8.6
(5 ratings)
6.7
(4 ratings)
Performance
8.2
(4 ratings)
2.9
(2 ratings)
Support Rating
7.2
(29 ratings)
2.1
(12 ratings)
In-Person Training
5.7
(5 ratings)
-
(0 ratings)
Online Training
7.8
(4 ratings)
4.7
(3 ratings)
Implementation Rating
6.3
(20 ratings)
-
(0 ratings)
Configurability
6.6
(3 ratings)
-
(0 ratings)
Contract Terms and Pricing Model
6.7
(4 ratings)
-
(0 ratings)
Ease of integration
6.2
(2 ratings)
-
(0 ratings)
Product Scalability
7.5
(5 ratings)
3.0
(2 ratings)
Professional Services
9.1
(3 ratings)
-
(0 ratings)
Vendor post-sale
5.0
(5 ratings)
-
(0 ratings)
Vendor pre-sale
6.1
(4 ratings)
-
(0 ratings)
User Testimonials
AcumaticaWave Accounting
Likelihood to Recommend
Acumatica
I would love to recommend it to my friends and colleagues. They have a dedicated storage manager along with some really good cloud capabilities, which helps get the work done efficiently and professionally. We have been using it since 2022, and they are great in this segment.
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
  • We just went live about two weeks ago, so we are here at Acumatica Summit to see everything it's capable of. One of the things it is capable of is the dashboards and the integration with some of these third-party people to ensure we can get the data we need when we need it, so we're looking forward to getting all that live for us.
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
  • There are a few spots where there is a list of data that we need a total for and we have to extract to Excel to get a total. It would be helpful to see a sum right in Acumatica.
  • For the first time today I had an interesting glitch - my entire bank reconciliation unchecked the "reconciled" column and needed to be redone for the month. Funky little glitches happen from time to time
  • Pivot tables don't seem to update as expected by using filters
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
I gave this 10 rating because Acumatica ERP is the backbone of the organization, next to the IT Team. We use this software for many different parts of our business. For example our Retail service stations that utilize the inventory, billing, and financials. Our Distribution company that uses it for Field services, CRM, Sales, Accounts and Financial consolidation of all company financials.
Read full review
Wave
Easy to use for clients with no accounting background and the price is right.
Read full review
Usability
Acumatica
I give it an 8 because it is very intuitive and easy to use for day to day work. I find it more difficult to create general inquiries and financial statements than it seems that it should be. It's not very intuitive in those areas.
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
It's always available.
Read full review
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
In-Person Training
Acumatica
It was on General Inquiries and it's just a complex topic.
Read full review
Wave
No answers on this topic
Online Training
Acumatica
Most of the trainers are amazing, but there were a couple who simply read the training guide
Read full review
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
Acumatica's sales process was much better than that of NetSuites. The NetAtWork team spent much more time with us and showed us how Acumatica really could do everything that we needed it to do, with examples using our data.
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
Contract Terms and Pricing Model
Acumatica
No, annual invoices are fine. I do like that unlimited users are included.
Read full review
Wave
No answers on this topic
Scalability
Acumatica
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.
Read full review
Wave
Once they out grow what is ability to move up to a more robust system?
Read full review
Professional Services
Acumatica
They are very responsive and knowledgeable about the product. If the rep doesn't have the ability to solve the issue, they quickly get someone else involved to assist us.
Read full review
Wave
No answers on this topic
Return on Investment
Acumatica
  • We were able to work in one system with customizations we needed in inventory and add all our grants in the same system
  • Direct mail invoices was moved to an automated PO system saving time and allowing better financial tracking
  • The grant module can be cumbersome requiring flip flopping to program partners etc during set up
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 - General Edition DashboardsScreenshot of Acumatica Cloud ERP - Manufacturing Edition DashboardsScreenshot of Acumatica Cloud ERP - Distribution Edition DashboardsScreenshot of Acumatica Cloud ERP - Construction Edition DashboardsScreenshot of Acumatica Cloud ERP - Retail Edition Dashboards