Sage Business Cloud Accounting vs. Wave Accounting

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
Sage Business Cloud Accounting
Score 4.5 out of 10
N/A
Sage Business Cloud Accounting (formerly Sage One 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…
$29
per month
Wave Accounting
Score 7.1 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.N/A
Pricing
Sage Business Cloud AccountingWave Accounting
Editions & Modules
Sage One Accounting Free
$0
Per User per Month
Sage One Accounting Premium
$5
Per Month [Unlimited Users]
No answers on this topic
Offerings
Pricing Offerings
Sage Business Cloud AccountingWave Accounting
Free Trial
NoNo
Free/Freemium Version
YesNo
Premium Consulting/Integration Services
NoNo
Entry-level Setup FeeNo setup feeNo setup fee
Additional DetailsVersions and pricing listed are for US products. Versions available and pricing may vary by country.
More Pricing Information
Community Pulse
Sage Business Cloud AccountingWave Accounting
Considered Both Products
Sage Business Cloud Accounting
Chose Sage Business Cloud Accounting
I find that Wave can be slow and frustrating. It is also very limited and more geared for American and Canadian users. Regarding QuickBooks Online, I attempted the demo when shopping for a system. Sage Business Cloud is more widely used in South Africa so using QuickBooks Online
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 …
Top Pros
Top Cons
Features
Sage Business Cloud AccountingWave Accounting
Payroll Management
Comparison of Payroll Management features of Product A and Product B
Sage Business Cloud Accounting
8.1
6 Ratings
Wave Accounting
6.2
24 Ratings
Pay calculation4.44 Ratings7.123 Ratings
Benefit plan administration9.03 Ratings7.54 Ratings
Direct deposit files9.04 Ratings1.520 Ratings
Salary revision and increment management9.03 Ratings7.712 Ratings
Reimbursement management9.04 Ratings7.48 Ratings
Customization
Comparison of Customization features of Product A and Product B
Sage Business Cloud Accounting
4.5
7 Ratings
Wave Accounting
8.5
13 Ratings
API for custom integration5.07 Ratings9.99 Ratings
Plug-ins4.04 Ratings7.011 Ratings
Security
Comparison of Security features of Product A and Product B
Sage Business Cloud Accounting
6.4
17 Ratings
Wave Accounting
7.3
43 Ratings
Single sign-on capability9.011 Ratings8.330 Ratings
Role-based user permissions3.915 Ratings6.434 Ratings
Reporting & Analytics
Comparison of Reporting & Analytics features of Product A and Product B
Sage Business Cloud Accounting
4.6
18 Ratings
Wave Accounting
6.7
70 Ratings
Dashboards6.416 Ratings6.468 Ratings
Standard reports3.618 Ratings6.567 Ratings
Custom reports3.814 Ratings7.134 Ratings
General Ledger and Configurable Accounting
Comparison of General Ledger and Configurable Accounting features of Product A and Product B
Sage Business Cloud Accounting
6.2
20 Ratings
Wave Accounting
5.9
73 Ratings
Accounts payable4.917 Ratings6.356 Ratings
Accounts receivable4.019 Ratings6.667 Ratings
Cash management3.216 Ratings6.359 Ratings
Bank reconciliation3.617 Ratings6.463 Ratings
Expense management7.515 Ratings7.461 Ratings
Time tracking3.45 Ratings6.411 Ratings
Fixed asset management3.112 Ratings6.412 Ratings
Multi-currency support9.04 Ratings10.019 Ratings
Multi-division support3.47 Ratings7.19 Ratings
Regulations compliance8.89 Ratings6.815 Ratings
Electronic tax filing2.24 Ratings5.914 Ratings
Self-service portal7.09 Ratings2.439 Ratings
Global Financial Support9.03 Ratings9.02 Ratings
Primary and Secondary Ledgers7.03 Ratings7.04 Ratings
Intercompany Accounting8.03 Ratings4.05 Ratings
Localizations9.02 Ratings5.23 Ratings
Journals and Reconciliations3.27 Ratings5.628 Ratings
Enterprise Accounting8.53 Ratings4.07 Ratings
Configurable Accounting8.35 Ratings5.516 Ratings
Centralized Rules Framework9.03 Ratings1.03 Ratings
Standardized Processes7.54 Ratings4.117 Ratings
Inventory Management
Comparison of Inventory Management features of Product A and Product B
Sage Business Cloud Accounting
8.9
8 Ratings
Wave Accounting
8.1
11 Ratings
Inventory tracking9.08 Ratings5.68 Ratings
Automatic reordering8.94 Ratings9.95 Ratings
Location management8.95 Ratings8.12 Ratings
Manufacturing module9.04 Ratings9.01 Ratings
Order Management
Comparison of Order Management features of Product A and Product B
Sage Business Cloud Accounting
8.9
13 Ratings
Wave Accounting
7.7
52 Ratings
Pricing8.69 Ratings9.826 Ratings
Order entry9.08 Ratings10.018 Ratings
Credit card processing9.09 Ratings3.445 Ratings
Cost of goods sold9.010 Ratings9.533 Ratings
Order Orchestration9.02 Ratings5.85 Ratings
End-to-end order visibility9.02 Ratings8.24 Ratings
Order exception Resolution9.02 Ratings7.02 Ratings
User Ratings
Sage Business Cloud AccountingWave Accounting
Likelihood to Recommend
3.0
(20 ratings)
5.3
(77 ratings)
Likelihood to Renew
-
(0 ratings)
7.8
(3 ratings)
Usability
3.6
(5 ratings)
6.7
(14 ratings)
Availability
-
(0 ratings)
6.3
(8 ratings)
Performance
9.1
(2 ratings)
2.9
(4 ratings)
Support Rating
3.4
(6 ratings)
4.1
(12 ratings)
Online Training
8.2
(1 ratings)
4.7
(3 ratings)
Product Scalability
-
(0 ratings)
3.0
(2 ratings)
User Testimonials
Sage Business Cloud AccountingWave Accounting
Likelihood to Recommend
Sage
The program is appropriate for use in all business types - especially if the business has many different branches located in different parts of the country/world. The fact that invoicing can be done from a mobile device by use of the friendly Sage One app also makes it easy to quickly conclude a sales transaction by issuing an invoice at the client office - shortens time, leaving more time for business.
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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.
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Pros
Sage
  • The ability to log in to your accounting data anywhere you have internet. No sending backups to your accountant, no more trying to recover lost data, or having to log in to a server. This cloud hosted solution gives you a lot more freedom and flexibility as I can log in to it from any computer, or mobile device.
  • The ability to send professional invoices or quotes to my customers while still at their location. Also the ability to easily track my receivables and stay on top of them as they are always right at my fingertips.
  • Project tracking is a great feature. With this module you can send tasks associated with a project to your team without giving them access to your financial information. They can report to you where they are at on the project to help you stay on track. You can track the revenue and expenses associated with this project to make sure you are making a profit.
  • Bank integration brings in all the transactions and easily lets you allocate to the appropriate revenue and expense account or match to sales invoices or purchase invoices saving you time in data entry.
  • Sage One integrates with Sage Payment solutions or Paypal. By giving your customers more options to pay helping you stay on top of your receivables.
  • I love how it imports into the Sage 50 Accounting software for those customers who still need the features and functionality of the desktop software.
  • Just released the integration between Sage 50 and Sage One just got easier. The previous versions of Sage One and Sage 50 had the ability to download customer transactions from Sage One including invoicing, other income, bills, expenses, bank transfers and general journal entries to your Sage 50 accounting software.
  • With the latest update for Sage 50 you can now automatically upload and map your Sage 50 customer records, vendors, accounts, inventory items, and tax codes to Sage One for a quick, easy setup and perfect record match every time. This makes things so much easier when setting up new customers in Sage One
  • Now that important client information flows both ways, you can set up a new client in Sage One in minutes by accessing your Sage One connection wizard (under “file tab” in Sage 50 Accountants Edition) For the customers, vendors and accounts and products and services.
  • The other information such as Sales invoices and other income, Bills and other expenses, Bank Transfers, general journal entries flow from Sage One to Sage 50.
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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.
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Cons
Sage
  • The bank transaction reconciliations are terrible if you have to split payments to multiple clients. Often times work will just disappear halfway through the split
  • Telephonic user assistance. I have received conflicting info from service reps.
  • I prefer the way Quickbooks platform is set up
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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
No answers on this topic
Wave
Easy to use for clients with no accounting background and the price is right.
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Usability
Sage
There's nothing mechanically wrong with Sage, and it serves our intended purpose. Again, we don't really use Sage to its fullest potential, but for what it does for us, there are few complaints other than the darn fixed assets module
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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
No answers on this topic
Wave
WAVE is always available when we need it ! Peter
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Performance
Sage
The product continues to improve and very excited about the new release coming soon.
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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
My Experience with sage business cloud Accounting is great. You won't disappoint with this software. Your accounting-related problem will be solved. Very easy to use all the features. I would highly recommend this software to all the company who is struggling for managing accounting data. Very user-friendly and easy to manage all the accounting problems.
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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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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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Alternatives Considered
Sage
I have used Wave Accounting, and while it is an excellent cloud accounting software, it doesn't allow us to work collaboratively with our customers. They both allow me to sign in and work with our clients books within the program, but Wave doesn't integrate into Sage 50 which is a must for clients that I know want to continue to grow.
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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
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Scalability
Sage
No answers on this topic
Wave
Once they out grow what is ability to move up to a more robust system?
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Return on Investment
Sage
  • Ability to add-on: Positive ROI can be achieved by building you own customized solution by adding on partner apps. Such apps extend the functionality of the product to accommodate certain business requirements.
  • Product is slower than competitors: Negative ROI as product seems to be comparatively slower than competitors when holding other variables constant (ie. browser version, Internet connection speed, etc.) In a busy accounting cycle, this can have a substantial impact. Also, back buttons don't allow for retaining same screen input data.
  • Reports functionality strong: Positive ROI due to ability to view data in many dimensions/formats.
  • Ability to connect financial accounts: Positive ROI as data from financial accounts automatically brought into the accounts where it can approved for posting, thus eliminating manual entry.
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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.
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