Sage Accounting vs. Wave Accounting

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
Sage Accounting
Score 8.2 out of 10
N/A
Sage Accounting is online accounting software made to simplify life for small business owners, entrepreneurs, and freelancers by providing the functions needed to take care of daily business to-dos. Users can create and send professional quotes and invoices, track income and expenses and know where the business' financials stand. Every Sage Business Cloud Accounting subscription includes unlimited access to support as well as automatic backups and product updates.
$19
per month
Wave Accounting
Score 7.5 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.
$16
per month
Pricing
Sage AccountingWave Accounting
Editions & Modules
No answers on this topic
Starter
$0
Pro
$16
per month
Pro - billed annually
$170
per year
Offerings
Pricing Offerings
Sage AccountingWave Accounting
Free Trial
YesNo
Free/Freemium Version
NoYes
Premium Consulting/Integration Services
NoNo
Entry-level Setup FeeNo setup feeNo setup fee
Additional DetailsVersions and pricing listed are for CA products. Versions available and pricing may vary by country. * 2 months free to start, or free for 1 month to try, then $19/$43/$62 +tax/mo (tier depending). Offer valid for new customers only on monthly subscriptions of Sage Business Cloud Accounting. After the promotional period, the monthly subscription rate will renew at the then current rate. May not be combined with any other offers or discounts. To ensure continuous service the subscription plan is an automatically renewing plan. Subsequent months will automatically be billed to the same credit card each month on the anniversary date of purchase. Plans can be terminated at any time prior to the renewal data and not charged for renewal.
More Pricing Information
Community Pulse
Sage AccountingWave Accounting
Considered Both Products
Sage Accounting
Chose Sage Accounting
Wave offers free package which is good enough for small company like me.
Quickbook offers more customization, yet offers no after sale support.
Jobber is really expensive, even if with a corporate discount.
Company Cam offers more functionality that may suit our company better. …
Chose Sage Accounting
Sage Accounting is more intuitive and has more features than Wave. It's fit my needs a lot better but I think it costs more. I'm happy with my switch
Chose Sage Accounting
I like Sage better, being an accountant, the approach is accounting focused. Whereas Quickbooks tries to make the user experience easier, but messes up the accounting, its easy in Quickbooks to create accounts and post expense items for example to a balance sheet account. …
Wave Accounting
Chose Wave Accounting
As I stated previously, Wave is a free system. It serve you well as non-resident of USA/Canada for your basic bookkeeping needs, as a micro-business. If you are a resident of those countries, you will benefit immensely from the payroll function as well. If you are looking for a …
Features
Sage AccountingWave Accounting
Payroll Management
Comparison of Payroll Management features of Product A and Product B
Sage Accounting
9.3
19 Ratings
21% above category average
Wave Accounting
6.2
24 Ratings
20% below category average
Pay calculation10.015 Ratings7.123 Ratings
Benefit plan administration9.312 Ratings7.54 Ratings
Direct deposit files8.812 Ratings1.220 Ratings
Salary revision and increment management9.410 Ratings7.712 Ratings
Reimbursement management9.112 Ratings7.48 Ratings
Customization
Comparison of Customization features of Product A and Product B
Sage Accounting
8.5
23 Ratings
10% above category average
Wave Accounting
8.5
13 Ratings
10% above category average
API for custom integration9.220 Ratings9.99 Ratings
Plug-ins7.817 Ratings7.011 Ratings
Security
Comparison of Security features of Product A and Product B
Sage Accounting
9.7
42 Ratings
17% above category average
Wave Accounting
6.5
45 Ratings
23% below category average
Single sign-on capability9.931 Ratings6.532 Ratings
Role-based user permissions9.539 Ratings6.536 Ratings
Reporting & Analytics
Comparison of Reporting & Analytics features of Product A and Product B
Sage Accounting
9.1
44 Ratings
15% above category average
Wave Accounting
8.0
73 Ratings
2% above category average
Dashboards7.840 Ratings7.871 Ratings
Standard reports9.744 Ratings8.970 Ratings
Custom reports9.735 Ratings7.237 Ratings
General Ledger and Configurable Accounting
Comparison of General Ledger and Configurable Accounting features of Product A and Product B
Sage Accounting
8.7
94 Ratings
13% above category average
Wave Accounting
7.2
76 Ratings
6% below category average
Accounts payable8.680 Ratings8.459 Ratings
Accounts receivable9.945 Ratings8.470 Ratings
Cash management8.274 Ratings9.262 Ratings
Bank reconciliation7.889 Ratings8.565 Ratings
Expense management9.934 Ratings8.664 Ratings
Time tracking6.711 Ratings9.811 Ratings
Fixed asset management8.028 Ratings9.812 Ratings
Multi-currency support9.918 Ratings10.019 Ratings
Multi-division support9.918 Ratings7.19 Ratings
Regulations compliance9.429 Ratings5.016 Ratings
Electronic tax filing6.851 Ratings5.914 Ratings
Self-service portal10.025 Ratings8.040 Ratings
Global Financial Support9.08 Ratings9.02 Ratings
Primary and Secondary Ledgers9.515 Ratings9.05 Ratings
Intercompany Accounting7.911 Ratings4.05 Ratings
Localizations8.29 Ratings5.23 Ratings
Journals and Reconciliations9.033 Ratings8.530 Ratings
Enterprise Accounting7.210 Ratings4.07 Ratings
Configurable Accounting9.218 Ratings5.017 Ratings
Centralized Rules Framework8.78 Ratings1.03 Ratings
Standardized Processes9.520 Ratings7.019 Ratings
Inventory Management
Comparison of Inventory Management features of Product A and Product B
Sage Accounting
7.0
17 Ratings
7% below category average
Wave Accounting
8.1
11 Ratings
7% above category average
Inventory tracking6.717 Ratings5.68 Ratings
Automatic reordering8.36 Ratings9.95 Ratings
Location management5.97 Ratings8.12 Ratings
Manufacturing module7.05 Ratings9.01 Ratings
Order Management
Comparison of Order Management features of Product A and Product B
Sage Accounting
8.1
28 Ratings
6% above category average
Wave Accounting
7.6
53 Ratings
0% above category average
Pricing9.917 Ratings9.926 Ratings
Order entry7.615 Ratings10.018 Ratings
Credit card processing8.218 Ratings2.345 Ratings
Cost of goods sold7.420 Ratings10.034 Ratings
Order Orchestration7.36 Ratings5.85 Ratings
End-to-end order visibility7.67 Ratings8.24 Ratings
Order exception Resolution8.45 Ratings7.02 Ratings
Best Alternatives
Sage AccountingWave Accounting
Small Businesses
QuickBooks Self-Employed (discontinued)
QuickBooks Self-Employed (discontinued)
Score 8.9 out of 10
QuickBooks Self-Employed (discontinued)
QuickBooks Self-Employed (discontinued)
Score 8.9 out of 10
Medium-sized Companies
Zoho Books
Zoho Books
Score 9.1 out of 10
Zoho Books
Zoho Books
Score 9.1 out of 10
Enterprises
SAP S/4HANA Cloud
SAP S/4HANA Cloud
Score 8.5 out of 10
SAP S/4HANA Cloud
SAP S/4HANA Cloud
Score 8.5 out of 10
All AlternativesView all alternativesView all alternatives
User Ratings
Sage AccountingWave Accounting
Likelihood to Recommend
8.3
(101 ratings)
7.4
(82 ratings)
Likelihood to Renew
8.4
(11 ratings)
7.8
(3 ratings)
Usability
8.2
(68 ratings)
8.7
(17 ratings)
Availability
8.9
(7 ratings)
6.7
(4 ratings)
Performance
9.0
(7 ratings)
2.9
(2 ratings)
Support Rating
9.7
(21 ratings)
2.1
(12 ratings)
In-Person Training
9.3
(2 ratings)
-
(0 ratings)
Online Training
9.3
(4 ratings)
4.7
(3 ratings)
Implementation Rating
7.5
(6 ratings)
-
(0 ratings)
Configurability
8.7
(6 ratings)
-
(0 ratings)
Contract Terms and Pricing Model
9.4
(2 ratings)
-
(0 ratings)
Ease of integration
5.2
(3 ratings)
-
(0 ratings)
Product Scalability
6.8
(7 ratings)
3.0
(2 ratings)
Professional Services
10.0
(1 ratings)
-
(0 ratings)
Vendor post-sale
7.8
(5 ratings)
-
(0 ratings)
Vendor pre-sale
7.8
(5 ratings)
-
(0 ratings)
User Testimonials
Sage AccountingWave Accounting
Likelihood to Recommend
Sage
Very stable program built on a rock-solid database system. Use of the program. It's very easy to use as it is based on each screen resembling the actual paper copy of the form. The ability to install the database files in any directory is extremely valuable, so that it can allow mobility between the client and the accountant
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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.
Read full review
Pros
Sage
  • Bank integration - being able to extract banking transaction into Sage Accounting.
  • Allocation rules - transactions are auto-allocated once allocation rules have been set up. This is a great time-saver.
  • Flexibility - the ability to view transactions, click on them to the allocation point and rectifying if required saves having to create journals, and therefore time. General ledgers therefore stay cleaner and more user-friendly.
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
Sage
  • The packages for integrating with Sage50 desktop application files are not backwards compatible, so we must store many copies in order to support multiple versions of the Sage50 application that our customers use, in case they aren't immediately updating to the latest version at all times.
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
Sage
We're very happy with the functionality and overall experience of using Sage Accounting for our accounting needs. Currently, we are not even considering whether we would need to look around for a different option. The only things that would make us consider changing would be a significant increase in price or changes to the software which reduce it's ease of function.
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Wave
Easy to use for clients with no accounting background and the price is right.
Read full review
Usability
Sage
There is so much on pastel that if you do not really take the time to learn, you might never completely utilize the software effectively. Software setup is not something you can really do on your own; however, there is always an active pastel team that makes sure you get all you need set up until you are good to go.
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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
Sage
Sage has been always available when I want it. If there is any maintenance work to be done by the Sage team, you are told well in advance. Maintenance is generally carried out late at night or before the day begins for most of us. It continues to be the most reliable software I use.
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Wave
WAVE is always available when we need it ! Peter
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Performance
Sage
Performance is top notch, if it is not, it is probably your wi-fi connection. It has happened that pages load slowly because of an error on Sage side but almost never. Overall reports load fine, the site is fast, navigation is fine. I have a client that has so many invoices, it is slow or gets stuck when you try to load a report for a whole year but it is just too many invoices, it makes sense. Just take 2 report for 6 months and combine them, its not an issue for me. I am happy with Sage Accounting's performance.
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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
Sage
Sage Accounting are easy to contact and have knowledgeable and helpful staff. Whenever I've encountered a problem I've always been able to get assistance and guidance and it feels like the person at the end of the phone/screen knows the product well.
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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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In-Person Training
Sage
Staff are always friendly, and patient, always work at a speed that suits you. You are never rushed, and In only a short time they seem to be able to help you make great strides. It has been a pleasure not a chore, learning how SAGE Accounting works and benefits me and the company.
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Wave
No answers on this topic
Online Training
Sage
I find the online training was very informative and they answered all my questions. I am also certified in Sage One and provided online training in the program which I have set up several people on and they love how it keeps them organized.
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Wave
easy to use and east to train on ! Our WAVE clients enjoy the ease of use
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Implementation Rating
Sage
The clients' business owner worked with Sage on implementation before I began working for them. After consultation with them it is clear the process was quickly performed and without complication. The key takeaway was that Sage is seen as a partner to the business. That said, it was always necessary to engage with an accountant such as myself to extract the best out of the software.
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Wave
No answers on this topic
Alternatives Considered
Sage
Sage was just easier for me to use and more familiar for my staff, who had some experience with enterprise versions of Sage in the past. It became a no-brainer when I made the final decision about which package to go with.
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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
Read full review
Contract Terms and Pricing Model
Sage
The pricing structure is fair and offers good value for money. The billing is done through their online system and you can access your bills at any time. Most contacts only require 30 days' notice, so no need to feel tied in, although I can't imagine why you would want to leave Sage.
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Wave
No answers on this topic
Scalability
Sage
You can use Sage in your company for various aspects/positions such as bookkeepers, invoicing clerks, accountant, purchasing etc. Everyone can have their own user login and permissions can be set that specific people can do specific jobs without being able to access other peoples progress or accounts of the company.
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Wave
Once they out grow what is ability to move up to a more robust system?
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Professional Services
Sage
Do not use
Read full review
Wave
No answers on this topic
Return on Investment
Sage
  • Being cloud-based, meaning I can work from anywhere, has had a massive ROI, as I am no longer tied to the office.
  • CoPilot has meant we can spend more hours creating work for our business than chasing for payments.
  • Statement Runs mean we do not have to spend half a day carrying out the tasks individually.
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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.
Read full review
ScreenShots

Sage Accounting Screenshots

Screenshot of the All-in-One DashboardScreenshot of the Accounting DashboardScreenshot of an Invoicing Quote EstimateScreenshot of the Purchases TrackerScreenshot of Stock InventoryScreenshot of a VAT Returns List