Sage Business Cloud Accounting vs Wave Accounting

• 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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• 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.

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• Time tracking: Functionality not present, so this would present a disadvantage in industries where billing requires this (ie. law, accounting firms, etc.)
• Interface could be improved: It doesn't have as user friendly an interface and navigation as competitors in the same category. It is somewhat dated in this regard.
• Inventory functionality could be more robust: Competitors have created stronger features in this area.
• Report customization options: Not as strong as competitors.

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• 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.

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• The product saves us a lot of time in training - everything is very self explanatory and very user friendly.
• The fact that we can access the client records from our office assists us with many of the problems we had in the past. We no longer need to make copies or backups of client work. We also no longer need to drive out to our clients to provide assistance, assistance is just a phone call and a click away.
• Employee efficiency has also increased due to the ease of access in the program (quick view).

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• 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.

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