What users are saying about
1 Ratings
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Top Rated
105 Ratings
1 Ratings
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Score 10 out of 101

Wave Accounting

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Top Rated
105 Ratings
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Score 9.2 out of 101

Likelihood to Recommend

Harpoon

If you're freelancing or running a small marketing agency, I'll steer you strongly towards Harpoon. It's such a terrific fit for this business type. It provides easy invoice management so if that's all you care about, use Harpoon this way. If you want a tool that will guide you towards success, Harpoon helps you do this when launching your account. Know what you want to earn, what it takes to get there, and how you're doing along the way. What financial software for freelancers provides simple project tools? Harpoon.
Jason Montoya 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

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

Customization

Harpoon
Wave Accounting
8.6
API for custom integration
Harpoon
Wave Accounting
8.6
Plug-ins
Harpoon
Wave Accounting
8.7

Security

Harpoon
Wave Accounting
8.4
Single sign-on capability
Harpoon
Wave Accounting
9.1
Role-based user permissions
Harpoon
Wave Accounting
7.7

Reporting & Analytics

Harpoon
Wave Accounting
8.5
Dashboards
Harpoon
Wave Accounting
8.5
Standard reports
Harpoon
Wave Accounting
8.3
Custom reports
Harpoon
Wave Accounting
8.5

General Ledger and Configurable Accounting

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

Inventory Management

Harpoon
Wave Accounting
8.9
Inventory tracking
Harpoon
Wave Accounting
9.5
Automatic reordering
Harpoon
Wave Accounting
8.1
Location management
Harpoon
Wave Accounting
9.0
Manufacturing module
Harpoon
Wave Accounting
9.0

Order Management

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

Accounting Firm BPO Features

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

Pros

Harpoon

  • Makes Sending Invoices & Collecting Payment Easy, for Freelancers
  • Tracking Financial Goals (Monthly & Annual) & Projecting Future Results
  • Provides Insights On AR, Earned Income, Top Clients, and other helpful but highly relevant data points.
Jason Montoya profile photo

Wave Accounting

  • 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.
No photo available

Cons

Harpoon

  • The automatic expense management is basic. It does sync with banks, but I've had some duplicate entry issues that are being worked out of the system.
  • I'd like to see additional reports that dive deeper into some of the dashboard widgets.
Jason Montoya profile photo

Wave Accounting

  • The only disappointment I've had with using Wave so far is how delayed transactions can be with the bank connection. This is likely because of how slow the turnaround can be for check deposits and other transactions to register in the bank (24 hours or more) but it means I need to reference my bank account's website instead of Wave if I have checks arriving on payroll day.
Chris Hecox profile photo

Likelihood to Renew

Harpoon

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 profile photo

Usability

Harpoon

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

Harpoon

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

Harpoon

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

Harpoon

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

Harpoon

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

Harpoon

I've used Less Accounting and & Quickbooks Online. After Less Accounting was acquired, its development was mostly stopped. While the tool was a simple way to manage invoices and expenses, its directional philosophy changed with the new owners. Quickbooks Online was a solid tool, but the company support was unhelpful and hard to work with at times. Harpoon provides a great tool, with a company that cares about its users.
Jason Montoya profile photo

Wave Accounting

Wave was more affordable and we were already using it for accounting. The services offered are comparable and quite reliable.
Geri Lynn Peak profile photo

Scalability

Harpoon

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

Harpoon

  • Clear and precise visibility of my financial status.
  • Projections of how I'm doing today, this month, and this year.
  • Clarity on what needs to happen with client development to reach my goals.
  • It shrinks the amount of time I spend on getting clients to pay my invoices.
Jason Montoya profile photo

Wave Accounting

  • For our clients, better visibility into their business is one of the biggest impacts
  • Mobile access to records, especially as an advisor working with the client remotely is huge
  • For our clients, being able to track receipts and accept payment from a mobile phone while on-site with the client is big.
Tory Norman, CPA profile photo

Pricing Details

Harpoon

General

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

Harpoon Editions & Modules

Harpoon
Edition
Single User - Unlimited Everything
$191
1. per month
Additional Pricing Details

Wave Accounting

General

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

Wave Accounting Editions & Modules

Wave Accounting
Additional Pricing Details

Add comparison