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    Overview
    ProductRatingMost Used ByProduct SummaryStarting Price

    Payroll by Wave

    Score10 out of 10
    N/AWave Accounting headquartered in Toronto now offers Payroll by Wave, a payroll app for small businesses.N/A

    QuickBooks Desktop Premier

    Score8 out of 10
    N/AQuickBooks Desktop Premier is an installed version of QuickBooks for general business, contractors, manufacturing and warehouse accounting, as well as nonprofits, professional services, and retail.N/A
    Pricing
    Payroll by WaveQuickBooks Desktop Premier
    Editions & Modules
    No answers on this topic
    No answers on this topic
    Offerings
    Pricing Offerings
    Payroll by WaveQuickBooks Desktop Premier
    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
    Payroll by WaveQuickBooks Desktop Premier
    Considered Both Products
    Wave
    No answer on this topic
    Intuit
    No answer on this topic
    Key User Insights
    Would buy again
    100%
    Would buy again
    5 Answers
    82%
    Would buy again
    14 Answers
    Delivers good value for the price
    100%
    Delivers good value for the price
    5 Answers
    88%
    Delivers good value for the price
    14 Answers
    Happy with the feature set
    100%
    Happy with the feature set
    5 Answers
    94%
    Happy with the feature set
    16 Answers
    Lived up to sales and marketing promises
    No answers on this topic
    87%
    Lived up to sales and marketing promises
    13 Answers
    Implementation went as expected
    No answers on this topic
    93%
    Implementation went as expected
    14 Answers
    Features
    Payroll by WaveQuickBooks Desktop Premier
    Payroll Management
    Comparison of Payroll Management features of Payroll by Wave and QuickBooks Desktop Premier
    Feature
    Payroll by Wave
    9.4
    5 Ratings
    13% above category average
    QuickBooks Desktop Premier
    8.5
    54 Ratings
    12% above category average
    Pay calculation10.05 Ratings9.252 Ratings
    Support for external payroll vendors9.03 Ratings00 Ratings
    Off-cycle/On-Demand payment9.03 Ratings00 Ratings
    Benefit plan administration9.01 Ratings8.425 Ratings
    Direct deposit files9.05 Ratings8.242 Ratings
    Salary revision and increment management9.55 Ratings8.333 Ratings
    Reimbursement management10.02 Ratings8.336 Ratings
    Customization
    Comparison of Customization features of Payroll by Wave and QuickBooks Desktop Premier
    Feature
    Payroll by Wave
    -
    Ratings
    QuickBooks Desktop Premier
    7.5
    24 Ratings
    1% below category average
    API for custom integration00 Ratings8.017 Ratings
    Plug-ins00 Ratings7.024 Ratings
    Security
    Comparison of Security features of Payroll by Wave and QuickBooks Desktop Premier
    Feature
    Payroll by Wave
    -
    Ratings
    QuickBooks Desktop Premier
    8.3
    58 Ratings
    1% above category average
    Single sign-on capability00 Ratings8.450 Ratings
    Role-based user permissions00 Ratings8.249 Ratings
    Reporting & Analytics
    Comparison of Reporting & Analytics features of Payroll by Wave and QuickBooks Desktop Premier
    Feature
    Payroll by Wave
    -
    Ratings
    QuickBooks Desktop Premier
    8.3
    69 Ratings
    6% above category average
    Dashboards00 Ratings8.758 Ratings
    Standard reports00 Ratings8.468 Ratings
    Custom reports00 Ratings7.766 Ratings
    General Ledger and Configurable Accounting
    Comparison of General Ledger and Configurable Accounting features of Payroll by Wave and QuickBooks Desktop Premier
    Feature
    Payroll by Wave
    -
    Ratings
    QuickBooks Desktop Premier
    7.8
    72 Ratings
    2% above category average
    Accounts payable00 Ratings8.370 Ratings
    Accounts receivable00 Ratings8.571 Ratings
    Cash management00 Ratings8.765 Ratings
    Bank reconciliation00 Ratings8.769 Ratings
    Expense management00 Ratings8.768 Ratings
    Time tracking00 Ratings7.535 Ratings
    Fixed asset management00 Ratings6.249 Ratings
    Multi-currency support00 Ratings7.623 Ratings
    Multi-division support00 Ratings8.239 Ratings
    Regulations compliance00 Ratings8.224 Ratings
    Electronic tax filing00 Ratings7.836 Ratings
    Self-service portal00 Ratings5.923 Ratings
    Global Financial Support00 Ratings6.09 Ratings
    Primary and Secondary Ledgers00 Ratings7.014 Ratings
    Intercompany Accounting00 Ratings7.917 Ratings
    Localizations00 Ratings7.66 Ratings
    Journals and Reconciliations00 Ratings8.725 Ratings
    Enterprise Accounting00 Ratings8.313 Ratings
    Configurable Accounting00 Ratings7.915 Ratings
    Centralized Rules Framework00 Ratings7.210 Ratings
    Standardized Processes00 Ratings8.315 Ratings
    Inventory Management
    Comparison of Inventory Management features of Payroll by Wave and QuickBooks Desktop Premier
    Feature
    Payroll by Wave
    -
    Ratings
    QuickBooks Desktop Premier
    8.0
    43 Ratings
    9% above category average
    Inventory tracking00 Ratings8.342 Ratings
    Automatic reordering00 Ratings7.321 Ratings
    Location management00 Ratings8.825 Ratings
    Manufacturing module00 Ratings7.722 Ratings
    Order Management
    Comparison of Order Management features of Payroll by Wave and QuickBooks Desktop Premier
    Feature
    Payroll by Wave
    -
    Ratings
    QuickBooks Desktop Premier
    8.2
    47 Ratings
    10% above category average
    Pricing00 Ratings8.037 Ratings
    Order entry00 Ratings7.838 Ratings
    Credit card processing00 Ratings9.134 Ratings
    Cost of goods sold00 Ratings8.943 Ratings
    Order Orchestration00 Ratings7.58 Ratings
    End-to-end order visibility00 Ratings8.59 Ratings
    Order exception Resolution00 Ratings7.56 Ratings
    Best Alternatives
    Payroll by WaveQuickBooks Desktop Premier
    Small Businesses
    Patriot Payroll
    Score8.6 out of 10
    QuickBooks Self-Employed (discontinued)
    Score4.2 out of 10
    Medium-sized Companies
    APS
    Score5.7 out of 10
    MYOB
    Score8.3 out of 10
    Enterprises
    ADP Streamline Payroll
    Score6.1 out of 10
    Microsoft Dynamics GP
    Score5.4 out of 10
    All AlternativesView all alternativesView all alternatives
    User Ratings
    Payroll by WaveQuickBooks Desktop Premier
    Likelihood to Recommend
    10.0
    (6 ratings)
    8.2
    (75 ratings)
    Likelihood to Renew
    10.0
    (1 ratings)
    7.5
    (14 ratings)
    Usability
    10.0
    (1 ratings)
    8.9
    (26 ratings)
    Availability
    -
    (0 ratings)
    10.0
    (6 ratings)
    Performance
    -
    (0 ratings)
    9.0
    (5 ratings)
    Support Rating
    8.9
    (2 ratings)
    4.0
    (13 ratings)
    Online Training
    -
    (0 ratings)
    1.0
    (1 ratings)
    Implementation Rating
    -
    (0 ratings)
    7.2
    (7 ratings)
    Configurability
    -
    (0 ratings)
    9.0
    (2 ratings)
    CPA Rating
    -
    (0 ratings)
    8.1
    (27 ratings)
    Ease of integration
    -
    (0 ratings)
    7.0
    (1 ratings)
    Product Scalability
    -
    (0 ratings)
    9.0
    (5 ratings)
    Vendor post-sale
    -
    (0 ratings)
    6.0
    (1 ratings)
    Vendor pre-sale
    -
    (0 ratings)
    6.0
    (2 ratings)
    User Testimonials
    Payroll by WaveQuickBooks Desktop Premier
    Likelihood to Recommend
    Wave
    Great for small business payroll needs. Reports and taxes are taken care of, everything is automated and once you're set up it's literally just a matter of minutes to run payroll each time. You also get email reminders which is helpful. There are premium features available for companies with larger/more robust needs, and I would definitely recommend looking into this software if you are searching for a user friendly payroll solution
    Incentivized
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    Intuit
    We really think that ANY typical business would be a reasonable fit for QuickBooks Desktop Premier. While not necessary, even a comparatively unexperienced accounting person could look at the "Home" screen and follow their nose thru typical daily accounting processes without much detailed knowledge. Reporting is simple, looking up customer info and prior transactions is simple, looking up vendors and prior payments is simple... all in all, quite straightforward. I really can't think of an instance where it would be 'less appropriate'.
    Incentivized
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    Pros
    Wave
    • An intuitive, clear UI helps you know where everything is, what options are at your disposal. Calendars and timelines show that Wave really thought out how to provide you with useful tool.
    • Pay day can be automated and straightforward.
    • Wave onboarding provides guidance at what information to input next until you are all set up.
    Incentivized
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    Intuit
    • Employment - it makes creating paychecks a snap and tracks taxes.
    • Invoicing - they have a straightforward approach to creating invoices and you can even email them to your customers.
    • Customers - the program makes tracking customer information and balances easy.
    Incentivized
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    Cons
    Wave
    • Implement an employee time clock option through a separate link which automatically applies to the weekly time sheets.
    • Option to further customize payroll statements
    • Add a per employee payroll dashboard with the option to review rolling, quarterly, and weekly snapshot. Info to include gross pay, employer paid tax, employee paid tax, etc...
    Incentivized
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    Intuit
    • Support for older versions of QuickBooks ends after three years, then users must purchase the newest version at full price. Renewals should be deeply discounted for existing users.
    • I would like to see better in-product inventory tracking, so we can choose LIFO or FIFO rather than the ambiguous "average cost" method.
    • I would like to be able to assign payroll taxes to jobs for better job costing.
    Incentivized
    Read full review
    Likelihood to Renew
    Wave
    No answers on this topic
    Intuit
    Because we have been extremely happy with the product and our organization tends to be creatures of habit. We rarely leave a product that works this well for the latest and greatest. Typically we follow the "if it's not broken, don't fix it rule". While QB does make changes we typically just roll with it. If we do find something we don't like we work through it until we fully understand its functionality.
    Incentivized
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    Usability
    Wave
    Very simple & straightforward system to learn and when time is always of the essence the efficiency is much appreciated
    Incentivized
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    Intuit
    We switched to a more "robust" software program with the hiring of a new CFO. The migration of historical data and ancillary information has been cumbersome and riddle with errors and issues. In hindsight much of what the new software program was touted to accomplish is not come to fruition. QB Desktop Premier was sufficient for the organization needs
    Incentivized
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    Reliability and Availability
    Wave
    No answers on this topic
    Intuit
    This is very reliable software, the desktop version is fast. If there is a problem, it is most likely on your own hardware!
    Incentivized
    Read full review
    Performance
    Wave
    No answers on this topic
    Intuit
    It takes forever to load.
    Incentivized
    Read full review
    Support Rating
    Wave
    Quick response times, personalized service. They offer in-depth videos and guides for helping to get set up. Any time I have a question about taxes or reporting, they answer quickly and give comprehensive answers. Members of the team with whom I've interacted have been courteous, friendly, and helpful. Overall, great support.
    Incentivized
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    Intuit
    This is where QuickBooks falls short. Many times my staff has had questions that have not been able to get resolved easily with a chat or call. I personally have had more general questions that have not been answered easily as well. I think QuickBooks needs to provide the resources of having readily accessible help in order to make it simpler to get solutions.
    Incentivized
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    Implementation Rating
    Wave
    No answers on this topic
    Intuit
    It is important to do your research. There are tutorial videos online that could help new user of this accounting system. These tutorials are straightforward and easily understandable.
    Incentivized
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    Alternatives Considered
    Wave
    First is the cost. Since QuickBooks removed the inhouse solution and moved everything to the cloud, the cost for a small business is prohibited. Wave is reasonable in cost. Support for QB isn't great they are always trying to upsell and commit. Wave support in comparison is 100% better, and most of the answers are in their manual
    Incentivized
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    Intuit
    QuickBooks Premier handles most of my business functions efficiently in one package. It is not my "everything." I use Replicon for time rather than QuickBooks. I don't want my WIP data interfering with my accounting. I use PaySimple for it's web interface and back office processing. I don't have security issues since I don't have any credit card data in my possession. With today's identity theft environment, I have to protect myself as much as I can. Not having credit card data in my accounting software lets me sleep much better at night. Quicken will do basic accounting but does not have all the double entry accounting systems contained in QuickBooks. QuickBooks Online does much of the basic business functions but I don't like the pricing structure. As a professional accountant, that is very important to me. Bill.com provided a good service but the ability of QuickBooks to add bills and receipts to transactions makes it redundant.
    Incentivized
    Read full review
    Scalability
    Wave
    No answers on this topic
    Intuit
    They're getting better. Still room for improvement.
    Incentivized
    Read full review
    Return on Investment
    Wave
    • Peace of mind that all the payroll tax-related stuff is taken care of accurately and on time.
    • Easy to use interface saves time and helps ensure I am paid on time.
    Incentivized
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    Intuit
    • Most of our business clients use QuickBooks which makes it efficient for us to work on clients that use the program. We can import QuickBooks data into our software which adds efficiencies to our tax practice.
    • Having staff that are familiar with the software enables our firm to provide quality service to the clients that use QuickBooks.
    • We receive referrals from satisfied QuickBooks clients.
    Incentivized
    Read full review
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