What users are saying about
2 Ratings
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Top Rated
122 Ratings
2 Ratings
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Score 10 out of 100

Wave Accounting

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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

OpenGov

For a smaller organization like ours it provides us with the ability to give a large organization feel. We can produce data analysis and reporting at the click of the button.
Brian Dehner | 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

Reporting & Analytics

OpenGov
8.3
Wave Accounting
8.3
Dashboards
OpenGov
8.0
Wave Accounting
8.3
Standard reports
OpenGov
8.0
Wave Accounting
8.5
Custom reports
OpenGov
9.0
Wave Accounting
8.1

General Ledger and Configurable Accounting

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

Payroll Management

OpenGov
Wave Accounting
8.1
Pay calculation
OpenGov
Wave Accounting
8.6
Benefit plan administration
OpenGov
Wave Accounting
7.5
Direct deposit files
OpenGov
Wave Accounting
8.8
Salary revision and increment management
OpenGov
Wave Accounting
7.7
Reimbursement management
OpenGov
Wave Accounting
7.9

Customization

OpenGov
Wave Accounting
7.5
API for custom integration
OpenGov
Wave Accounting
7.7
Plug-ins
OpenGov
Wave Accounting
7.3

Security

OpenGov
Wave Accounting
8.5
Single sign-on capability
OpenGov
Wave Accounting
8.3
Role-based user permissions
OpenGov
Wave Accounting
8.8

Inventory Management

OpenGov
Wave Accounting
8.1
Inventory tracking
OpenGov
Wave Accounting
5.5
Automatic reordering
OpenGov
Wave Accounting
9.7
Location management
OpenGov
Wave Accounting
8.2
Manufacturing module
OpenGov
Wave Accounting
9.0

Order Management

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

Pros

OpenGov

  • Their customer service is excellent
  • Updates are timely and useful
  • They keep up with government standards and needs
Brian Dehner | 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

OpenGov

  • Sometimes I feel they move too quickly on product development
  • Could provide more hands on training
Brian Dehner | 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

OpenGov

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 | TrustRadius Reviewer

Usability

OpenGov

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

OpenGov

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

OpenGov

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

OpenGov

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

OpenGov

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

OpenGov

No answers on this topic

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

OpenGov

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

OpenGov

  • It allows us to provide acccurate and timely data to pur decision makers.
Brian Dehner | 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

OpenGov

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

OpenGov
10.0
Wave Accounting
7.8

Likelihood to Renew

OpenGov
Wave Accounting
7.8

Usability

OpenGov
Wave Accounting
5.3

Reliability and Availability

OpenGov
Wave Accounting
6.7

Performance

OpenGov
Wave Accounting
2.9

Support Rating

OpenGov
Wave Accounting
9.0

Online Training

OpenGov
Wave Accounting
4.7

Scalability

OpenGov
Wave Accounting
3.0

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