What users are saying about
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Top Rated
120 Ratings
32 Ratings
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Score 8.9 out of 100

Wave Accounting

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Top Rated
120 Ratings
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Score 8.2 out of 100

Likelihood to Recommend

QuickBooks Self-Employed

QuickBooks Self-Employed is a very detailed software to keep track of your finances and tax obligations. I'm reviewing the online version here and honestly, if you are into QuickBooks, it might be worth looking into the stand-alone software version. Ideally, if you work remotely, in various places and on more than one computer (desktop or laptop) then QuickBooks online is a good idea. But the slow interface is troubling to me and I spend a lot of time going through and correcting entries QuickBooks imports from my bank account. In fact, I've gone back to my stand-alone version of Quicken.
Tim Vahsholtz | 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

QuickBooks Self-Employed
7.4
Wave Accounting
8.1
Pay calculation
QuickBooks Self-Employed
9.0
Wave Accounting
8.5
Benefit plan administration
QuickBooks Self-Employed
6.5
Wave Accounting
7.5
Direct deposit files
QuickBooks Self-Employed
8.5
Wave Accounting
8.6
Salary revision and increment management
QuickBooks Self-Employed
6.5
Wave Accounting
7.7
Reimbursement management
QuickBooks Self-Employed
6.5
Wave Accounting
8.0

Customization

QuickBooks Self-Employed
7.0
Wave Accounting
7.6
API for custom integration
QuickBooks Self-Employed
7.0
Wave Accounting
7.8
Plug-ins
QuickBooks Self-Employed
7.0
Wave Accounting
7.4

Security

QuickBooks Self-Employed
8.9
Wave Accounting
8.5
Single sign-on capability
QuickBooks Self-Employed
9.3
Wave Accounting
8.4
Role-based user permissions
QuickBooks Self-Employed
8.5
Wave Accounting
8.5

Reporting & Analytics

QuickBooks Self-Employed
8.3
Wave Accounting
8.3
Dashboards
QuickBooks Self-Employed
8.2
Wave Accounting
8.4
Standard reports
QuickBooks Self-Employed
8.2
Wave Accounting
8.5
Custom reports
QuickBooks Self-Employed
8.4
Wave Accounting
8.1

General Ledger and Configurable Accounting

QuickBooks Self-Employed
7.8
Wave Accounting
7.6
Accounts payable
QuickBooks Self-Employed
8.6
Wave Accounting
7.6
Accounts receivable
QuickBooks Self-Employed
8.9
Wave Accounting
8.3
Cash management
QuickBooks Self-Employed
7.0
Wave Accounting
7.7
Bank reconciliation
QuickBooks Self-Employed
8.5
Wave Accounting
7.8
Expense management
QuickBooks Self-Employed
8.6
Wave Accounting
8.2
Time tracking
QuickBooks Self-Employed
7.0
Wave Accounting
5.5
Fixed asset management
QuickBooks Self-Employed
7.0
Wave Accounting
8.4
Multi-currency support
QuickBooks Self-Employed
8.0
Wave Accounting
7.2
Multi-division support
QuickBooks Self-Employed
7.0
Wave Accounting
7.1
Regulations compliance
QuickBooks Self-Employed
6.0
Wave Accounting
6.7
Electronic tax filing
QuickBooks Self-Employed
8.0
Wave Accounting
6.8
Self-service portal
QuickBooks Self-Employed
9.5
Wave Accounting
7.4
Global Financial Support
QuickBooks Self-Employed
9.0
Wave Accounting
9.0
Primary and Secondary Ledgers
QuickBooks Self-Employed
9.0
Wave Accounting
9.1
Intercompany Accounting
QuickBooks Self-Employed
8.0
Wave Accounting
8.3
Localizations
QuickBooks Self-Employed
8.0
Wave Accounting
7.5
Journals and Reconciliations
QuickBooks Self-Employed
6.5
Wave Accounting
7.1
Enterprise Accounting
QuickBooks Self-Employed
8.0
Wave Accounting
6.6
Configurable Accounting
QuickBooks Self-Employed
7.0
Wave Accounting
7.1
Centralized Rules Framework
QuickBooks Self-Employed
8.0
Wave Accounting
8.4
Standardized Processes
QuickBooks Self-Employed
6.0
Wave Accounting
8.9

Inventory Management

QuickBooks Self-Employed
6.8
Wave Accounting
8.1
Inventory tracking
QuickBooks Self-Employed
7.5
Wave Accounting
5.8
Automatic reordering
QuickBooks Self-Employed
6.5
Wave Accounting
9.3
Location management
QuickBooks Self-Employed
7.0
Wave Accounting
8.4
Manufacturing module
QuickBooks Self-Employed
6.0
Wave Accounting
9.0

Order Management

QuickBooks Self-Employed
7.9
Wave Accounting
7.9
Pricing
QuickBooks Self-Employed
8.5
Wave Accounting
8.0
Order entry
QuickBooks Self-Employed
9.5
Wave Accounting
8.2
Credit card processing
QuickBooks Self-Employed
7.7
Wave Accounting
8.3
Cost of goods sold
QuickBooks Self-Employed
7.5
Wave Accounting
7.8
Order Orchestration
QuickBooks Self-Employed
7.0
Wave Accounting
7.0
End-to-end order visibility
QuickBooks Self-Employed
7.0
Wave Accounting
8.6
Order exception Resolution
QuickBooks Self-Employed
8.0
Wave Accounting
7.4

Pros

QuickBooks Self-Employed

  • Cross-platform compatibility (Browser, Android) makes it easy to see how my business is doing almost anywhere.
  • Smart enough to recognize and automatically categorize most of my transactions, so I don't have to fuss with spreadsheets at the end of the year.
  • Updates automatically and notifies me when it needs help, so I don't have to spend too much time babysitting it.
  • Integrated with TurboTax and automatically exports year-end tax info for easy filing.
Benjamin E. Jerew | 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

QuickBooks Self-Employed

  • Automatic mileage tracking used to work a lot better than it currently does. I got a new phone, and now I have to manually input call tracking, because it just doesn't work anymore.
  • When creating invoices, there should be a way to import data into an invoices from Excel, which would make the invoicing a lot faster. Additionally, being able to press ENTER to save a line item on an invoice would be nice. Currently it doesn't work that way.
  • Editing invoices shouldn't require sending a reminder.
Aaron Metzger | 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

QuickBooks Self-Employed

QuickBooks Self-Employed 10.0
Based on 1 answer
No answer on this topic is available.

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

QuickBooks Self-Employed

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

QuickBooks Self-Employed

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

QuickBooks Self-Employed

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

QuickBooks Self-Employed

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

QuickBooks Self-Employed

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

QuickBooks Self-Employed

To be honest, I haven't shopped around for a bookkeeping package. I've been using TurboTax for well over a decade, and adding on QuickBooks Self-Employed (once I made the switch to freelancing) was a no-brainer. I probably could have used the program to help me keep track of employee expenses as I was working for others in the past.
Benjamin E. Jerew | 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

QuickBooks Self-Employed

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

QuickBooks Self-Employed

  • A positive impact on my business is, of course, keeping track of income and expenses, and approximate quarterly taxes. QuickBooks is a little better at this than Quicken, I think.
  • By using QuickBooks (and Quicken) it saves me having to spend money on an accountant. (At least up to this point.)
  • However, the time I spend on daily or weekly entries takes billable time away from other things.
Tim Vahsholtz | 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

QuickBooks Self-Employed

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

QuickBooks Self-Employed
8.9
Wave Accounting
8.1

Likelihood to Renew

QuickBooks Self-Employed
10.0
Wave Accounting
7.8

Usability

QuickBooks Self-Employed
Wave Accounting
5.3

Reliability and Availability

QuickBooks Self-Employed
Wave Accounting
6.7

Performance

QuickBooks Self-Employed
Wave Accounting
2.9

Support Rating

QuickBooks Self-Employed
Wave Accounting
9.0

Online Training

QuickBooks Self-Employed
Wave Accounting
4.7

Scalability

QuickBooks Self-Employed
Wave Accounting
3.0

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