move2clouds (discontinued) vs. Wave Accounting

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
move2clouds (discontinued)
Score 8.0 out of 10
Small Businesses (1-50 employees)
move2clouds was a cloud based online accounting application, offered as an end to end accounting system for small and medium businesses with key features include: Management Dashboards, Detailed Reports and Transaction Approval. The platform is discontinued, and no longer available.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
move2clouds (discontinued)Wave Accounting
Editions & Modules
No answers on this topic
No answers on this topic
Offerings
Pricing Offerings
move2clouds (discontinued)Wave Accounting
Free Trial
YesNo
Free/Freemium Version
YesNo
Premium Consulting/Integration Services
NoNo
Entry-level Setup FeeNo setup feeNo setup fee
Additional Details
More Pricing Information
Community Pulse
move2clouds (discontinued)Wave Accounting
Top Pros
Top Cons
Features
move2clouds (discontinued)Wave Accounting
Payroll Management
Comparison of Payroll Management features of Product A and Product B
move2clouds (discontinued)
-
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
Customization
Comparison of Customization features of Product A and Product B
move2clouds (discontinued)
-
Ratings
Wave Accounting
8.5
13 Ratings
19% above category average
API for custom integration00 Ratings9.99 Ratings
Plug-ins00 Ratings7.011 Ratings
Security
Comparison of Security features of Product A and Product B
move2clouds (discontinued)
-
Ratings
Wave Accounting
9.5
43 Ratings
19% above category average
Single sign-on capability00 Ratings9.730 Ratings
Role-based user permissions00 Ratings9.334 Ratings
Reporting & Analytics
Comparison of Reporting & Analytics features of Product A and Product B
move2clouds (discontinued)
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Ratings
Wave Accounting
8.2
70 Ratings
8% above category average
Dashboards00 Ratings9.368 Ratings
Standard reports00 Ratings9.467 Ratings
Custom reports00 Ratings5.734 Ratings
General Ledger and Configurable Accounting
Comparison of General Ledger and Configurable Accounting features of Product A and Product B
move2clouds (discontinued)
-
Ratings
Wave Accounting
6.8
73 Ratings
9% below category average
Accounts payable00 Ratings9.356 Ratings
Accounts receivable00 Ratings9.567 Ratings
Cash management00 Ratings9.359 Ratings
Bank reconciliation00 Ratings9.563 Ratings
Expense management00 Ratings9.561 Ratings
Time tracking00 Ratings9.411 Ratings
Fixed asset management00 Ratings9.412 Ratings
Multi-currency support00 Ratings10.019 Ratings
Multi-division support00 Ratings7.19 Ratings
Regulations compliance00 Ratings6.815 Ratings
Electronic tax filing00 Ratings5.914 Ratings
Self-service portal00 Ratings1.739 Ratings
Global Financial Support00 Ratings9.02 Ratings
Primary and Secondary Ledgers00 Ratings7.04 Ratings
Intercompany Accounting00 Ratings4.05 Ratings
Localizations00 Ratings5.23 Ratings
Journals and Reconciliations00 Ratings6.228 Ratings
Enterprise Accounting00 Ratings4.07 Ratings
Configurable Accounting00 Ratings5.516 Ratings
Centralized Rules Framework00 Ratings1.03 Ratings
Standardized Processes00 Ratings4.317 Ratings
Inventory Management
Comparison of Inventory Management features of Product A and Product B
move2clouds (discontinued)
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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
Order Management
Comparison of Order Management features of Product A and Product B
move2clouds (discontinued)
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Ratings
Wave Accounting
7.6
52 Ratings
2% above category average
Pricing00 Ratings9.926 Ratings
Order entry00 Ratings10.018 Ratings
Credit card processing00 Ratings2.345 Ratings
Cost of goods sold00 Ratings10.033 Ratings
Order Orchestration00 Ratings5.85 Ratings
End-to-end order visibility00 Ratings8.24 Ratings
Order exception Resolution00 Ratings7.02 Ratings
Best Alternatives
move2clouds (discontinued)Wave 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
move2clouds (discontinued)Wave Accounting
Likelihood to Recommend
8.0
(1 ratings)
3.6
(79 ratings)
Likelihood to Renew
-
(0 ratings)
7.8
(3 ratings)
Usability
-
(0 ratings)
6.2
(15 ratings)
Availability
-
(0 ratings)
6.7
(4 ratings)
Performance
-
(0 ratings)
2.9
(2 ratings)
Support Rating
-
(0 ratings)
2.5
(12 ratings)
Online Training
-
(0 ratings)
4.7
(3 ratings)
Product Scalability
-
(0 ratings)
3.0
(2 ratings)
User Testimonials
move2clouds (discontinued)Wave Accounting
Likelihood to Recommend
Discontinued Products
I think all question are covering the all scenarios.
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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.
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Pros
Discontinued Products
  • Simple and easy online accounting software.
  • Create and email invoices right from the Invoice making process.
  • Paperless Accounting Environment with move2clouds.
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
Discontinued Products
  • Inventory Management is not there.
  • I can't make estimates and quotes.
  • It does not allow me to enter purchase orders.
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.
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Likelihood to Renew
Discontinued Products
No answers on this topic
Wave
Easy to use for clients with no accounting background and the price is right.
Read full review
Usability
Discontinued Products
No answers on this topic
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
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Reliability and Availability
Discontinued Products
No answers on this topic
Wave
WAVE is always available when we need it ! Peter
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Performance
Discontinued Products
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.
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Support Rating
Discontinued Products
No answers on this topic
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
Discontinued Products
No answers on this topic
Wave
easy to use and east to train on ! Our WAVE clients enjoy the ease of use
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Alternatives Considered
Discontinued Products
Multi-User Access and Security Access Roles that have not [been] matched. Simple and easy online accounting software. Create and email invoices right from the invoice making process. Interactive dashboard, gives me hawk-eye view of all my financial affairs. Voucher approval is the best feature that I love. Now I can review and approve expenses on my own. Paperless accounting environment [is provided] with move2clouds.
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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
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Scalability
Discontinued Products
No answers on this topic
Wave
Once they out grow what is ability to move up to a more robust system?
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Return on Investment
Discontinued Products
  • Less personnel interference in accounting.
  • My reporting is now streamlined with interactive reports.
  • I can focus on other things that matter a lot to me.
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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.
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ScreenShots

move2clouds (discontinued) Screenshots

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