Kashoo vs. Wave Accounting

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
Kashoo
Score 4.9 out of 10
N/A
Kashoo, founded in 2008 and based in Vancouver, offers a simple cloud-based double-entry accounting platform for small businesses. It is mobile-accessible and includes many of the typical features required of accounting platforms, including receipt capture, automated invoicing, tax preparation, financial reports, banking, and expense management features, to name a few. The Solo price plan for individuals running a sole business can be purchased for $5 per month or for $50 per year. The…N/A
Wave Accounting
Score 6.0 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
KashooWave Accounting
Editions & Modules
No answers on this topic
No answers on this topic
Offerings
Pricing Offerings
KashooWave Accounting
Free Trial
NoNo
Free/Freemium Version
NoNo
Premium Consulting/Integration Services
NoNo
Entry-level Setup FeeNo setup feeNo setup fee
Additional Details
More Pricing Information
Community Pulse
KashooWave Accounting
Considered Both Products
Kashoo
Chose Kashoo
Wave Accounting has the UI and UX down perfectly. Their reporting is nice as well, but I felt like things were a little more customizable in Kashoo, so they have the upper hand there.
Wave Accounting
Chose Wave Accounting
Wonderful, great support, and many videos on how to do it. Fast response to emails. Does "Fund Accounting" that is required for many non-profits.
Chose Wave Accounting
It fits a niche of clients that are tech savvy, often self employed and want to manage business and personal finances. We are finding that even as these companies grow new features are allowing them to stay in Wave.
Top Pros
Top Cons
Features
KashooWave Accounting
Customization
Comparison of Customization features of Product A and Product B
Kashoo
8.5
2 Ratings
19% above category average
Wave Accounting
8.5
13 Ratings
19% above category average
API for custom integration7.02 Ratings9.99 Ratings
Plug-ins10.01 Ratings7.011 Ratings
Security
Comparison of Security features of Product A and Product B
Kashoo
9.7
3 Ratings
21% above category average
Wave Accounting
9.5
43 Ratings
19% above category average
Single sign-on capability9.53 Ratings9.730 Ratings
Role-based user permissions10.02 Ratings9.334 Ratings
Reporting & Analytics
Comparison of Reporting & Analytics features of Product A and Product B
Kashoo
9.2
4 Ratings
19% above category average
Wave Accounting
8.2
70 Ratings
8% above category average
Dashboards9.13 Ratings9.368 Ratings
Standard reports9.54 Ratings9.467 Ratings
Custom reports9.02 Ratings5.734 Ratings
General Ledger and Configurable Accounting
Comparison of General Ledger and Configurable Accounting features of Product A and Product B
Kashoo
8.0
6 Ratings
8% above category average
Wave Accounting
6.8
73 Ratings
9% below category average
Accounts payable8.06 Ratings9.356 Ratings
Accounts receivable8.06 Ratings9.567 Ratings
Cash management8.75 Ratings9.359 Ratings
Bank reconciliation8.06 Ratings9.563 Ratings
Expense management9.55 Ratings9.561 Ratings
Time tracking10.01 Ratings9.411 Ratings
Multi-currency support8.01 Ratings10.019 Ratings
Regulations compliance10.01 Ratings6.815 Ratings
Self-service portal10.01 Ratings1.739 Ratings
Global Financial Support7.52 Ratings9.02 Ratings
Primary and Secondary Ledgers7.92 Ratings7.04 Ratings
Intercompany Accounting8.01 Ratings4.05 Ratings
Localizations5.51 Ratings5.23 Ratings
Journals and Reconciliations7.94 Ratings6.228 Ratings
Enterprise Accounting5.01 Ratings4.07 Ratings
Configurable Accounting7.01 Ratings5.516 Ratings
Standardized Processes7.13 Ratings4.317 Ratings
Fixed asset management00 Ratings9.412 Ratings
Multi-division support00 Ratings7.19 Ratings
Electronic tax filing00 Ratings5.914 Ratings
Centralized Rules Framework00 Ratings1.03 Ratings
Order Management
Comparison of Order Management features of Product A and Product B
Kashoo
10.0
2 Ratings
30% above category average
Wave Accounting
7.6
52 Ratings
2% above category average
Pricing10.01 Ratings9.926 Ratings
Order entry10.01 Ratings10.018 Ratings
Credit card processing10.01 Ratings2.345 Ratings
Cost of goods sold10.01 Ratings10.033 Ratings
Order Orchestration00 Ratings5.85 Ratings
End-to-end order visibility00 Ratings8.24 Ratings
Order exception Resolution00 Ratings7.02 Ratings
Payroll Management
Comparison of Payroll Management features of Product A and Product B
Kashoo
-
Ratings
Wave Accounting
6.2
24 Ratings
19% below category average
Pay calculation00 Ratings7.123 Ratings
Benefit plan administration00 Ratings7.54 Ratings
Direct deposit files00 Ratings1.220 Ratings
Salary revision and increment management00 Ratings7.712 Ratings
Reimbursement management00 Ratings7.48 Ratings
Inventory Management
Comparison of Inventory Management features of Product A and Product B
Kashoo
-
Ratings
Wave Accounting
8.1
11 Ratings
14% above category average
Inventory tracking00 Ratings5.68 Ratings
Automatic reordering00 Ratings9.95 Ratings
Location management00 Ratings8.12 Ratings
Manufacturing module00 Ratings9.01 Ratings
Best Alternatives
KashooWave Accounting
Small Businesses
Dext Prepare (with Receipt Bank)
Dext Prepare (with Receipt Bank)
Score 9.1 out of 10
Dext Prepare (with Receipt Bank)
Dext Prepare (with Receipt Bank)
Score 9.1 out of 10
Medium-sized Companies
Accounting Seed
Accounting Seed
Score 8.3 out of 10
Accounting Seed
Accounting Seed
Score 8.3 out of 10
Enterprises
Oracle Fusion Cloud ERP
Oracle Fusion Cloud ERP
Score 8.2 out of 10
Oracle Fusion Cloud ERP
Oracle Fusion Cloud ERP
Score 8.2 out of 10
All AlternativesView all alternativesView all alternatives
User Ratings
KashooWave Accounting
Likelihood to Recommend
2.1
(6 ratings)
3.6
(79 ratings)
Likelihood to Renew
-
(0 ratings)
7.8
(3 ratings)
Usability
4.0
(2 ratings)
6.2
(15 ratings)
Availability
-
(0 ratings)
6.7
(4 ratings)
Performance
-
(0 ratings)
2.9
(2 ratings)
Support Rating
1.0
(1 ratings)
2.5
(12 ratings)
Online Training
-
(0 ratings)
4.7
(3 ratings)
Product Scalability
-
(0 ratings)
3.0
(2 ratings)
User Testimonials
KashooWave Accounting
Likelihood to Recommend
Kashoo
Kashoo is well suited if you have the time to learn the system. Because after that, it becomes a breeze. But if you're new to this stuff and don't have an accountant, you may be struggling to understand exactly what you need to do or where you need to click.
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
Kashoo
  • Invoicing - I can create an invoice and email it directly from within Kashoo. When a payment is received, it is simple to enter the transaction and mark it as paid.
  • Projects - I can assign a Project to a transaction. This way I can get a detailed picture of a specific project on which we are working. I can run a P&L report of just that project or the whole company.
  • Reconcile - Reconciling is a snap when you connect the account to the bank online.
  • If you are doing bookkeeping for more than one company, Kashoo has support for that. You can easily switch between companies as needed.
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
Kashoo
  • The UI is not nice at all - even with a UI refresh, it still didn't look that great
  • The UX is rough as well - it's not as easy to use until you get used to it - high learning curve
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
Kashoo
No answers on this topic
Wave
Easy to use for clients with no accounting background and the price is right.
Read full review
Usability
Kashoo
Kashoo is by far the most intuitive and easy to use accounting/bookkeeping solution I've tried, and after using it for several years I'm pleased that it delivers a consistent experience. No surprises, it just works. I don't want to spend any more time than I have to attend to bookkeeping, and Kashoo allows me to do just that.
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
Kashoo
No answers on this topic
Wave
WAVE is always available when we need it ! Peter
Read full review
Performance
Kashoo
No answers on this topic
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
Kashoo
They were not helpful in resolving my issue on the change to my lifetime deal, and I am not happy with their support. They didn't care at all
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
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Online Training
Kashoo
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
Alternatives Considered
Kashoo
No yearly license fees with Kashoo lifetime plan and it includes a mobile app and mobile integration with the desktop version. I can do everything I need to do in Kashoo so there is no need for bloated old Quickbooks
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
Kashoo
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
Kashoo
  • Kashoo has allowed us to manage our finances in a simple way
  • Helps us figure out if we are making money or losing it
  • Affordable than some other accounting tools
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
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