What users are saying about
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Top Rated
123 Ratings
3 Ratings
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Score 9.5 out of 100

Wave Accounting

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Top Rated
123 Ratings
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Score 7.9 out of 100

Likelihood to Recommend

LessAccounting

If you are an entrepreneur and you want to focus on building your business, start with Less Accounting. It's a full-blown accounting system that has a simple implementation and it can connect to your financial accounts to automate many parts of the business. Our 1st four years of business, we worked without a bookkeeper at all due to the level of automation.
It is not limited in any regard and is not simply for invoicing or tracking hours, it more or less does everything. Perhaps one area that it wouldn't be ideal is for firms that need to have more rigid accounting, with charts of accounts etc for industries that are audited or highly regulated.
Shirin Elkoshairi | TrustRadius Reviewer

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 | TrustRadius Reviewer

Feature Rating Comparison

Payroll Management

LessAccounting
9.5
Wave Accounting
8.1
Pay calculation
LessAccounting
9.0
Wave Accounting
8.6
Direct deposit files
LessAccounting
10.0
Wave Accounting
8.8
Benefit plan administration
LessAccounting
Wave Accounting
7.5
Salary revision and increment management
LessAccounting
Wave Accounting
7.6
Reimbursement management
LessAccounting
Wave Accounting
7.9

Customization

LessAccounting
8.3
Wave Accounting
7.5
API for custom integration
LessAccounting
9.5
Wave Accounting
7.7
Plug-ins
LessAccounting
7.1
Wave Accounting
7.3

Security

LessAccounting
10.0
Wave Accounting
8.5
Single sign-on capability
LessAccounting
10.0
Wave Accounting
8.2
Role-based user permissions
LessAccounting
10.0
Wave Accounting
8.8

Reporting & Analytics

LessAccounting
9.7
Wave Accounting
8.3
Dashboards
LessAccounting
9.5
Wave Accounting
8.3
Standard reports
LessAccounting
9.5
Wave Accounting
8.5
Custom reports
LessAccounting
10.0
Wave Accounting
8.0

General Ledger and Configurable Accounting

LessAccounting
9.4
Wave Accounting
7.3
Accounts payable
LessAccounting
10.0
Wave Accounting
7.3
Accounts receivable
LessAccounting
8.0
Wave Accounting
8.0
Cash management
LessAccounting
8.6
Wave Accounting
7.5
Bank reconciliation
LessAccounting
10.0
Wave Accounting
7.7
Expense management
LessAccounting
9.1
Wave Accounting
8.0
Fixed asset management
LessAccounting
10.0
Wave Accounting
8.4
Electronic tax filing
LessAccounting
8.0
Wave Accounting
6.9
Self-service portal
LessAccounting
9.5
Wave Accounting
6.8
Intercompany Accounting
LessAccounting
9.5
Wave Accounting
8.1
Journals and Reconciliations
LessAccounting
10.0
Wave Accounting
6.9
Configurable Accounting
LessAccounting
10.0
Wave Accounting
6.4
Centralized Rules Framework
LessAccounting
10.0
Wave Accounting
8.2
Standardized Processes
LessAccounting
10.0
Wave Accounting
9.2
Time tracking
LessAccounting
Wave Accounting
4.0
Multi-currency support
LessAccounting
Wave Accounting
7.0
Multi-division support
LessAccounting
Wave Accounting
7.1
Regulations compliance
LessAccounting
Wave Accounting
6.6
Global Financial Support
LessAccounting
Wave Accounting
9.0
Primary and Secondary Ledgers
LessAccounting
Wave Accounting
9.0
Localizations
LessAccounting
Wave Accounting
6.0
Enterprise Accounting
LessAccounting
Wave Accounting
5.8

Order Management

LessAccounting
8.0
Wave Accounting
7.7
Pricing
LessAccounting
8.0
Wave Accounting
7.8
Order entry
LessAccounting
8.0
Wave Accounting
8.0
Credit card processing
LessAccounting
Wave Accounting
8.1
Cost of goods sold
LessAccounting
Wave Accounting
7.5
Order Orchestration
LessAccounting
Wave Accounting
6.6
End-to-end order visibility
LessAccounting
Wave Accounting
8.8
Order exception Resolution
LessAccounting
Wave Accounting
7.2

Inventory Management

LessAccounting
Wave Accounting
8.1
Inventory tracking
LessAccounting
Wave Accounting
5.4
Automatic reordering
LessAccounting
Wave Accounting
9.8
Location management
LessAccounting
Wave Accounting
8.2
Manufacturing module
LessAccounting
Wave Accounting
9.0

Pros

LessAccounting

  • Categorize Expenses Automatically
  • Profit and loss Statements
  • Interfaces with Credit Union
Elizabeth Pampalone | TrustRadius Reviewer

Wave Accounting

  • The ease of use with Wave makes it a great tool. Someone without much accounting experience can jump in and use the software.
  • The reports features in Wave make looking at financial statements a breeze. In addition you can quickly drill down into expense categories to see all transactions of a certain type.
  • It is very easy to generate a sales invoice and see the average period for our company to get paid.
  • I love the Wave Invoice app where we can track invoices on the go and verify payment history.
Lukas Sundahl, MBA | TrustRadius Reviewer

Cons

LessAccounting

  • With the flexibility comes room for folks not adhering to specific accounts. There is no numeric chart of accounts so at times you will see 2 line items for a single item. We tend to overcome this limitation with extensive tagging.
  • Invoices and sales orders don't have an obvious way to assign credit to specific salespeople or consultants. We reached out to LA and they have shown us a different way to do this which we'll try soon.
  • The visual interface can use some sprucing up. It's easy to navigate but I believe the navigation can be slightly improved. I do find myself hitting the back button to get into other parts of the app.
Shirin Elkoshairi | TrustRadius Reviewer

Wave Accounting

  • connection to bank sometimes lags - you can refresh the connection but it takes a minute or two to update
  • sometimes invoices are categorized as sales versus consulting income - you really have to look and change it to the appropriate income account. once an invoice is recorded as paid, you can change the income account
  • Wave has a tendency of not accepting a saved password, forcing users to reset a password that is knowingly valid. Using Single Sign On eliminates this but it's still annoying.
Kristy Nittskoff | TrustRadius Reviewer

Likelihood to Renew

LessAccounting

LessAccounting 10.0
Based on 1 answer
It works, it keeps our historical data and is easy to use
Shirin Elkoshairi | TrustRadius Reviewer

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 | TrustRadius Reviewer

Usability

LessAccounting

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 | TrustRadius Reviewer

Reliability and Availability

LessAccounting

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 | TrustRadius Reviewer

Performance

LessAccounting

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 | TrustRadius Reviewer

Support Rating

LessAccounting

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 | TrustRadius Reviewer

Online Training

LessAccounting

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 | TrustRadius Reviewer

Alternatives Considered

LessAccounting

I had been with QuickBooks for a few years (unwillingly) at the behest of accountants. It took me a while to realize there were other options out there and I needed to begin a hunt to find them. I found LessAccounting. While it's not the most appealing software, it sure helped me see the breakdown of things and allowed me to reconcile my books without feeling like I needed a degree in Accounting.
Elizabeth Pampalone | TrustRadius Reviewer

Wave Accounting

Wave is better in being my one place to go for collecting payments. PayPal is nice if you're on the road collecting payments through their app and using PayPal Here, but if you would like to keep invoicing in the same place as your bookkeeping, I think Wave is a better-integrated solution.
Carl Grivakis | TrustRadius Reviewer

Scalability

LessAccounting

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 | TrustRadius Reviewer

Return on Investment

LessAccounting

  • + Less time worrying about my accounting
  • + actually reconciling my books at the end of each month or quarter
  • + being able to access my P+L anytime!
Elizabeth Pampalone | TrustRadius Reviewer

Wave Accounting

  • Wave is free. As a small business owner, it's difficult for me to commit to using too many different software because costs add up. Wave is a very competitive application with many features. I don't think I can go elsewhere at this point. It's far too attractive.
  • Wave does have paid features relating to payroll and bank account transfers. I prefer to handle incoming payments through checks manually so I don't worry about bank transfers. For some, this might be a concern, but you are likely paying for this no matter what you use.
  • Wave has saved me a considerable amount of time going back and forth between my bank's website and excel sheets. This is immeasurable to me. Keeping invoices in one place is also a big deal. I really love this software.
Chris Hecox | TrustRadius Reviewer

Pricing Details

LessAccounting

General

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

Wave Accounting

General

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

Rating Summary

Likelihood to Recommend

LessAccounting
9.5
Wave Accounting
7.8

Likelihood to Renew

LessAccounting
10.0
Wave Accounting
7.8

Usability

LessAccounting
Wave Accounting
5.3

Reliability and Availability

LessAccounting
Wave Accounting
6.7

Performance

LessAccounting
Wave Accounting
2.9

Support Rating

LessAccounting
Wave Accounting
9.0

Online Training

LessAccounting
Wave Accounting
4.7

Scalability

LessAccounting
Wave Accounting
3.0

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