What users are saying about
368 Ratings
<a href='https://www.trustradius.com/static/about-trustradius-scoring#question3' target='_blank' rel='nofollow noopener noreferrer'>Customer Verified: Read more.</a>
Top Rated
122 Ratings
368 Ratings
<a href='https://www.trustradius.com/static/about-trustradius-scoring' target='_blank' rel='nofollow noopener noreferrer'>trScore algorithm: Learn more.</a>
Score 7.1 out of 100

Wave Accounting

<a href='https://www.trustradius.com/static/about-trustradius-scoring#question3' target='_blank' rel='nofollow noopener noreferrer'>Customer Verified: Read more.</a>
Top Rated
122 Ratings
<a href='https://www.trustradius.com/static/about-trustradius-scoring' target='_blank' rel='nofollow noopener noreferrer'>trScore algorithm: Learn more.</a>
Score 8 out of 100

Likelihood to Recommend

NetSuite

I am a huge advocate for NetSuite, because the system is user-friendly (after a little training) and because it is so customizable. I would recommend NetSuite to any business with more than one company and especially businesses with companies based in more than one country. Small, medium and large companies can leverage the NetSuite platform to suit their needs, whether simple or complex.NetSuite has a number of taxation features that can help to automate return filings, so any business looking to systematize certain tax areas will find the system very useful.NetSuite allows great transparency across an organization and adopts a "one source of truth" methodology. If you have Finance, Accounting, Marketing, Sales, Operations, etc. all working in the same platform and working with the same data, there is less room for data discrepancies and more reliance can be placed upon the system outputs.If a business has a disconnect between Finance, Accounting, Marketing, Sales, Operations, etc. NetSuite will allow that business to come together and automate processes within a single system. There is no need for external system connectors, saving the business time (maintaining the connections) and money (saving on subscription fees to third-party connector vendors).
Sonny Spencer, ACA | 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

NetSuite
5.4
Wave Accounting
8.1
Pay calculation
NetSuite
4.8
Wave Accounting
8.6
Benefit plan administration
NetSuite
5.0
Wave Accounting
7.5
Direct deposit files
NetSuite
5.0
Wave Accounting
8.8
Salary revision and increment management
NetSuite
6.0
Wave Accounting
7.7
Reimbursement management
NetSuite
6.0
Wave Accounting
7.9

Customization

NetSuite
6.4
Wave Accounting
7.5
API for custom integration
NetSuite
6.5
Wave Accounting
7.7
Plug-ins
NetSuite
6.4
Wave Accounting
7.3

Security

NetSuite
7.6
Wave Accounting
8.5
Single sign-on capability
NetSuite
7.7
Wave Accounting
8.3
Role-based user permissions
NetSuite
7.4
Wave Accounting
8.8

Reporting & Analytics

NetSuite
6.3
Wave Accounting
8.3
Dashboards
NetSuite
6.5
Wave Accounting
8.3
Standard reports
NetSuite
6.2
Wave Accounting
8.5
Custom reports
NetSuite
6.1
Wave Accounting
8.1

General Ledger and Configurable Accounting

NetSuite
6.8
Wave Accounting
7.4
Accounts payable
NetSuite
7.2
Wave Accounting
7.3
Accounts receivable
NetSuite
7.3
Wave Accounting
8.1
Global Financial Support
NetSuite
6.9
Wave Accounting
9.0
Primary and Secondary Ledgers
NetSuite
7.7
Wave Accounting
9.0
Intercompany Accounting
NetSuite
6.8
Wave Accounting
8.1
Localizations
NetSuite
7.7
Wave Accounting
6.3
Journals and Reconciliations
NetSuite
6.9
Wave Accounting
6.9
Enterprise Accounting
NetSuite
7.6
Wave Accounting
5.9
Configurable Accounting
NetSuite
7.6
Wave Accounting
6.5
Centralized Rules Framework
NetSuite
5.9
Wave Accounting
8.2
Standardized Processes
NetSuite
7.7
Wave Accounting
9.1
Cash management
NetSuite
Wave Accounting
7.6
Bank reconciliation
NetSuite
Wave Accounting
7.7
Expense management
NetSuite
Wave Accounting
8.0
Time tracking
NetSuite
Wave Accounting
4.3
Fixed asset management
NetSuite
Wave Accounting
8.4
Multi-currency support
NetSuite
Wave Accounting
7.1
Multi-division support
NetSuite
Wave Accounting
7.1
Regulations compliance
NetSuite
Wave Accounting
6.6
Electronic tax filing
NetSuite
Wave Accounting
6.9
Self-service portal
NetSuite
Wave Accounting
6.9

Inventory Management

NetSuite
5.4
Wave Accounting
8.1
Inventory tracking
NetSuite
6.1
Wave Accounting
5.5
Automatic reordering
NetSuite
5.4
Wave Accounting
9.7
Location management
NetSuite
5.5
Wave Accounting
8.2
Manufacturing module
NetSuite
4.7
Wave Accounting
9.0

Order Management

NetSuite
6.7
Wave Accounting
7.7
Pricing
NetSuite
6.7
Wave Accounting
7.8
Order entry
NetSuite
6.1
Wave Accounting
8.0
Credit card processing
NetSuite
7.2
Wave Accounting
8.1
Cost of goods sold
NetSuite
6.9
Wave Accounting
7.5
Order Orchestration
NetSuite
6.8
Wave Accounting
6.7
End-to-end order visibility
NetSuite
7.0
Wave Accounting
8.8
Order exception Resolution
NetSuite
6.2
Wave Accounting
7.2

Subledger and Financial Process

NetSuite
6.8
Wave Accounting
Automated Invoice Processing
NetSuite
7.3
Wave Accounting
Shared Services Payments
NetSuite
6.4
Wave Accounting
Billings Management
NetSuite
6.8
Wave Accounting
Customer Receipt Applications
NetSuite
6.8
Wave Accounting
Customer Collections
NetSuite
7.2
Wave Accounting
Revenue Recognition
NetSuite
7.6
Wave Accounting
Cash Management
NetSuite
6.5
Wave Accounting
Asset Management
NetSuite
5.8
Wave Accounting
Travel & Expense Management
NetSuite
6.8
Wave Accounting
Budgetary Control & Encumbrance Accounting
NetSuite
6.8
Wave Accounting
Period Close
NetSuite
7.6
Wave Accounting
Transactions Tax
NetSuite
6.8
Wave Accounting
Subledger Reconciliations
NetSuite
6.7
Wave Accounting
3rd Party Accounting Systems
NetSuite
5.5
Wave Accounting

Project Financial Management

NetSuite
6.1
Wave Accounting
Budgeting and Forecasting
NetSuite
5.5
Wave Accounting
Project Costing
NetSuite
6.3
Wave Accounting
Cost Capture
NetSuite
6.6
Wave Accounting
Capital Project Management
NetSuite
6.8
Wave Accounting
Customer Invoicing
NetSuite
6.6
Wave Accounting
Customer Contract Compliance
NetSuite
7.4
Wave Accounting
Project Revenue Recognition
NetSuite
6.0
Wave Accounting
Project Financial Performance Analysis
NetSuite
6.2
Wave Accounting
Project Financials Dashboard
NetSuite
5.8
Wave Accounting
Real-time Financial Reporting
NetSuite
6.3
Wave Accounting
Embedded Business Intelligence
NetSuite
4.7
Wave Accounting
Project Planning Collaboration
NetSuite
4.9
Wave Accounting

Project Execution Management

NetSuite
6.1
Wave Accounting
Project Planning and Scheduling
NetSuite
5.1
Wave Accounting
Project Manager Dashboard
NetSuite
4.7
Wave Accounting
Resource Manager Dashboard
NetSuite
4.4
Wave Accounting
Task Insight for Project Managers
NetSuite
6.0
Wave Accounting
Project Manager Mobile Functionality
NetSuite
6.6
Wave Accounting
Team Member Task Collaboration
NetSuite
6.0
Wave Accounting
Team Member Mobile Functionality
NetSuite
6.7
Wave Accounting
Project Candidate Search
NetSuite
6.4
Wave Accounting
Project Candidate Comparison and Analysis
NetSuite
6.4
Wave Accounting
Defineable Resource Pools
NetSuite
6.4
Wave Accounting
Defineable Resource Pools
NetSuite
6.4
Wave Accounting
Talent Profiles
NetSuite
5.9
Wave Accounting
Real-Time Project Reporting
NetSuite
6.4
Wave Accounting
Absence Management
NetSuite
7.0
Wave Accounting
Product Lifecycle Management
NetSuite
7.0
Wave Accounting

Grants Management

NetSuite
6.5
Wave Accounting
Award Lifecycle Management
NetSuite
6.7
Wave Accounting
Spending Control
NetSuite
6.7
Wave Accounting
Indirect Cost Management
NetSuite
6.7
Wave Accounting
Billing
NetSuite
5.8
Wave Accounting

Procurement

NetSuite
6.6
Wave Accounting
Sourcing Team Collaboration
NetSuite
7.2
Wave Accounting
Sourcing Analysis
NetSuite
6.5
Wave Accounting
Bids Analyzed and Compared
NetSuite
6.5
Wave Accounting
Catalog Shopping E-Commerce for Employees
NetSuite
5.2
Wave Accounting
Contract Authoring
NetSuite
6.1
Wave Accounting
Contract Compliance Management
NetSuite
6.1
Wave Accounting
Contract History
NetSuite
6.1
Wave Accounting
Contract Renewal Automation
NetSuite
6.0
Wave Accounting
Contract Repository
NetSuite
6.0
Wave Accounting
Contract Standardization and Enforcement
NetSuite
6.0
Wave Accounting
Electronic Signatures
NetSuite
6.5
Wave Accounting
Invoice Automated Matching
NetSuite
6.5
Wave Accounting
Purchasing Risk and Compliance Management
NetSuite
6.5
Wave Accounting
Requisitions-to-Purchase Orders Integrated
NetSuite
7.1
Wave Accounting
Spend Compliance Management
NetSuite
7.7
Wave Accounting
Supplier Assessment
NetSuite
7.0
Wave Accounting
Supplier Communication and Collaboration
NetSuite
7.2
Wave Accounting
Supplier Management
NetSuite
7.8
Wave Accounting
Supplier Portal
NetSuite
7.0
Wave Accounting

Risk Management

NetSuite
6.7
Wave Accounting
Risk Repository
NetSuite
7.0
Wave Accounting
Control Management
NetSuite
6.4
Wave Accounting
Control Mapping
NetSuite
6.4
Wave Accounting
Control Efficiency Assessments
NetSuite
6.4
Wave Accounting
Automated Control Assessments
NetSuite
6.4
Wave Accounting
Assessment Capture
NetSuite
7.0
Wave Accounting
Issue Detection
NetSuite
7.0
Wave Accounting
Automatic Notification
NetSuite
7.0
Wave Accounting
Remediation and Certification
NetSuite
6.4
Wave Accounting

Logistics

NetSuite
4.3
Wave Accounting
Transportation Planning and Optimization
NetSuite
4.2
Wave Accounting
Transportation Sourcing Management
NetSuite
4.2
Wave Accounting
Transportation Process Integration
NetSuite
5.1
Wave Accounting
Transportation Execution Management
NetSuite
4.1
Wave Accounting
Freight Payment Automation
NetSuite
4.1
Wave Accounting
Trade Management
NetSuite
3.6
Wave Accounting
Trade Regulatory Compliance Management
NetSuite
6.0
Wave Accounting
Customs Entry Management
NetSuite
4.1
Wave Accounting
Customs Document Management
NetSuite
3.4
Wave Accounting
Customs Document Collaboration
NetSuite
3.1
Wave Accounting
Fulfillment Management
NetSuite
3.9
Wave Accounting
Inventory Visibility
NetSuite
5.0
Wave Accounting
Warehouse Workforce Management
NetSuite
4.4
Wave Accounting

Manufacturing

NetSuite
5.2
Wave Accounting
Production Process Design
NetSuite
4.9
Wave Accounting
Supply Chain Business Flows
NetSuite
4.1
Wave Accounting
Production Management
NetSuite
4.1
Wave Accounting
Contracted Manufacturing Management
NetSuite
3.9
Wave Accounting
Configuration Management
NetSuite
7.7
Wave Accounting
Work Definition
NetSuite
3.6
Wave Accounting
Work Execution
NetSuite
4.5
Wave Accounting
Advanced Fulfillment
NetSuite
7.3
Wave Accounting
Manufacturing Costs
NetSuite
6.3
Wave Accounting

Supply Chain

NetSuite
5.1
Wave Accounting
Forecasting
NetSuite
4.7
Wave Accounting
Inventory Planning
NetSuite
4.1
Wave Accounting
Multi-tier Supply Chain Planning
NetSuite
6.8
Wave Accounting
Performance Monitoring
NetSuite
4.8
Wave Accounting

Product Lifecycle Management

NetSuite
4.7
Wave Accounting
Ideation Management
NetSuite
4.6
Wave Accounting
Requirements Management
NetSuite
7.0
Wave Accounting
Proposal Management
NetSuite
3.6
Wave Accounting
Innovation Portfolio Management
NetSuite
4.1
Wave Accounting
Product Master Data Management
NetSuite
4.1
Wave Accounting
Vendor Portal
NetSuite
4.7
Wave Accounting
Project Portfolio Management
NetSuite
4.6
Wave Accounting

Pros

NetSuite

  • Integrates. NetSuite is particularly good at integrating with other products. For example, we integrate NetSuite with Adaptive Planning in order to bring actual financials together with forecast and budget data, which is then used for analysis and reporting. We also integrate NetSuite with other administration platforms so invoicing and commissions can be done rather seamlessly.
  • Intuitive. NetSuite is extremely intuitive. I started using it without any training and was easy to learn. It takes a little practice to learn the reporting system, but if you are just looking for client or vendor information it is as easy as typing the name or ID into the search box at the top.
  • Easy to Support. While setup is important and takes a lot of hours, the ongoing support is outstanding when compared to some of the other big enterprise systems. The previous enterprise system I used needed 4 full time programmers on staff just to keep it running, and it still kept getting outdated. The cloud application and seamless upgrades make this product superior.
Chris Snelling, CFA | 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

NetSuite

  • Consolidated invoicing. Generally, I think it's not a problem for NetSuite customers, and the potential, infrequent multiple invoicing to a given customer is likely okay. However, there may be instances producing 3 or more invoices per month for a given customer. The only consolidation solution offered is their homegrown "SuiteSolution" called Consolidated Invoicing. I don't use it but have had demos and discussions. Really need something slicker.
  • Fixed Assets Management. I use their SuiteSolution, Fixed Assets Management. It's not part of core NetSuite so there are inconsistencies with the rest of the system, some performance annoyances, and weaker reporting capabilities. It's a better product than other fixed asset solutions I've tried!
  • A very recent frustration of mine is that it is not possible without customization to display tax amounts per line in a transaction. This should be native. The per-line tax amount is available in a saved search; the per-line tax rate is available to display on the transaction; the tax amount can be displayed in the PDF generated. Why not show the amount in the system? Fortunately, it's easy to create a custom field/column that multiplies tax rate with an amount to give you tax amount. Pretty minor in the scheme of things, but fresh in my mind.
Joshua Henke | 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

NetSuite

NetSuite 8.0
Based on 22 answers
I am not the decision maker for this but I believe our company will be sticking with NetSuite for the long term. A CRM like this is a big investment and not something you move away from quickly and without a lot of planning. There is a lot of data involved and importing that into a new system is no easy task.
Billy Barker | 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

NetSuite

NetSuite 9.0
Based on 11 answers
Through creation of various dashboards and KPIs the user does not really need to get very technically involved. They simply need to understand how to fill out a form, and through proper workflow creations they can be alerted when it is time to provide the necessary information or perform a necessary action to complete the next phase of the business process.
Felix Garbuz | TrustRadius Reviewer

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

NetSuite

NetSuite 9.4
Based on 13 answers
Netsuite is never down. In the past year, we have been down only when we have internet issues
Aaron Kleinhandler | TrustRadius Reviewer

Wave Accounting

Wave Accounting 6.7
Based on 4 answers
WAVE is always available when we need it ! Peter
Peter Cullen | TrustRadius Reviewer

Performance

NetSuite

NetSuite 7.7
Based on 12 answers
Most of the time the performance is very good. Pages load in a few seconds; financial reports take less than 5 seconds; basic searches take a few seconds. But performance can be sporadic throughout the day and cause the run time to triple.
Pamela Roberts | TrustRadius Reviewer

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

NetSuite

NetSuite 1.0
Based on 10 answers
In my opinion, the best place to go to answer your NetSuite functionality questions is their Online Help. It is excellent. For true support questions, NetSuite offers a Knowledgebase to its customers. Also, for ERP, NetSuite has licensed accountants that provide support. With any support organization, you must be thorough in describing your issue though.

NetSuite has several different support levels - http://www.netsuite.com/portal/services/support_main.shtml
Rob Gottschalk | TrustRadius Reviewer

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

In-Person Training

NetSuite

NetSuite 7.3
Based on 2 answers
The general Admin training is good but very soft for the high technical stuff
Felix Garbuz | TrustRadius Reviewer

Wave Accounting

No score
No answers yet
No answers on this topic

Online Training

NetSuite

NetSuite 8.0
Based on 7 answers
Relatively easy and if time permits e
Felix Garbuz | TrustRadius Reviewer

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

Implementation Rating

NetSuite

NetSuite 7.3
Based on 9 answers
Executive involvement is critical. Make sure you have a good handle on the metrics you would like to ultimately manage. Work as a team to document your business requirements. Whiteboard often. Understand NetSuite's best practice capabilities.

Have a central person identified to handle all report and analysis requests (ie - don't allow multiple people to create reports; have one person create reports and distribute them to decision makers via the NS dashboard or whatever form). Make sure you understand critical dates and develop the project plan accordingly
Rob Gottschalk | TrustRadius Reviewer

Wave Accounting

No score
No answers yet
No answers on this topic

Alternatives Considered

NetSuite

We selected Netsuite over Financial Force because at that moment Netsuite had a localization feature we needed to consolidate financial information from a company outside the US and they had the feature for the accounting rules of that specific country.
Nicolas Costa Ossa | 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

NetSuite

NetSuite 8.4
Based on 5 answers
Because it has a relatively low price of entry for the base modules and then you pay per user, you can start out small and expand as you need to. I've seen it used with 1 user all the way up to hundreds of users. Imagine experiencing all that growth without implementing a new ERP system!
Dana Larson | TrustRadius Reviewer

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

NetSuite

  • Very positive impact! Our old accounting system needed constant day to day maintenance between modules to get accurate reporting. Manufactured items were not calculating costs correctly so reports were never accurate.
  • The cloud based platform has save me SOOOOOOOOOOO much time not maintaining servers, workstations etc. Adding users and work stations are as simple as just having a computer with internet access.
  • Dashboard reminders really help me keep track of everything going on (or going wrong) within our organization. Problem troubleshooting is much easier with Netsuite.
Cindy Rumpf Novack | 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

NetSuite

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

NetSuite
5.9
Wave Accounting
7.8

Likelihood to Renew

NetSuite
8.0
Wave Accounting
7.8

Usability

NetSuite
9.0
Wave Accounting
5.3

Reliability and Availability

NetSuite
9.4
Wave Accounting
6.7

Performance

NetSuite
7.7
Wave Accounting
2.9

Support Rating

NetSuite
1.0
Wave Accounting
9.0

In-Person Training

NetSuite
7.3
Wave Accounting

Online Training

NetSuite
8.0
Wave Accounting
4.7

Implementation Rating

NetSuite
7.3
Wave Accounting

Scalability

NetSuite
8.4
Wave Accounting
3.0

Add comparison