What users are saying about
14 Ratings
162 Ratings
14 Ratings
<a href='https://www.trustradius.com/static/about-trustradius-scoring' target='_blank' rel='nofollow noopener'>trScore algorithm: Learn more.</a>
Score 9.3 out of 100
162 Ratings
<a href='https://www.trustradius.com/static/about-trustradius-scoring' target='_blank' rel='nofollow noopener'>trScore algorithm: Learn more.</a>
Score 7 out of 100

Feature Set Ratings

    Payroll Management

    Square Invoices

    Feature Set Not Supported
    N/A
    6.3

    Wave Accounting

    63%
    Wave Accounting ranks higher in 5/5 features

    Pay calculation

    N/A
    0 Ratings
    7.1
    71%
    23 Ratings

    Benefit plan administration

    N/A
    0 Ratings
    7.5
    75%
    4 Ratings

    Direct deposit files

    N/A
    0 Ratings
    1.8
    18%
    20 Ratings

    Salary revision and increment management

    N/A
    0 Ratings
    7.7
    77%
    12 Ratings

    Reimbursement management

    N/A
    0 Ratings
    7.4
    74%
    8 Ratings

    Customization

    Square Invoices

    Feature Set Not Supported
    N/A
    8.5

    Wave Accounting

    85%
    Wave Accounting ranks higher in 2/2 features

    API for custom integration

    N/A
    0 Ratings
    9.9
    99%
    9 Ratings

    Plug-ins

    N/A
    0 Ratings
    7.0
    70%
    11 Ratings

    Security

    Square Invoices

    Feature Set Not Supported
    N/A
    7.4

    Wave Accounting

    74%
    Wave Accounting ranks higher in 2/2 features

    Single sign-on capability

    N/A
    0 Ratings
    8.2
    82%
    30 Ratings

    Role-based user permissions

    N/A
    0 Ratings
    6.5
    65%
    34 Ratings

    Reporting & Analytics

    Square Invoices

    Feature Set Not Supported
    N/A
    6.7

    Wave Accounting

    67%
    Wave Accounting ranks higher in 3/3 features

    Dashboards

    N/A
    0 Ratings
    6.3
    63%
    68 Ratings

    Standard reports

    N/A
    0 Ratings
    6.4
    64%
    67 Ratings

    Custom reports

    N/A
    0 Ratings
    7.5
    75%
    34 Ratings

    General Ledger and Configurable Accounting

    Square Invoices

    Feature Set Not Supported
    N/A
    5.9

    Wave Accounting

    59%
    Wave Accounting ranks higher in 21/21 features

    Accounts payable

    N/A
    0 Ratings
    6.2
    62%
    56 Ratings

    Accounts receivable

    N/A
    0 Ratings
    6.5
    65%
    67 Ratings

    Cash management

    N/A
    0 Ratings
    6.2
    62%
    59 Ratings

    Bank reconciliation

    N/A
    0 Ratings
    6.2
    62%
    63 Ratings

    Expense management

    N/A
    0 Ratings
    7.3
    73%
    61 Ratings

    Time tracking

    N/A
    0 Ratings
    6.3
    63%
    11 Ratings

    Fixed asset management

    N/A
    0 Ratings
    6.2
    62%
    12 Ratings

    Multi-currency support

    N/A
    0 Ratings
    10.0
    100%
    19 Ratings

    Multi-division support

    N/A
    0 Ratings
    7.1
    71%
    9 Ratings

    Regulations compliance

    N/A
    0 Ratings
    6.8
    68%
    15 Ratings

    Electronic tax filing

    N/A
    0 Ratings
    5.9
    59%
    14 Ratings

    Self-service portal

    N/A
    0 Ratings
    2.7
    27%
    39 Ratings

    Global Financial Support

    N/A
    0 Ratings
    9.0
    90%
    2 Ratings

    Primary and Secondary Ledgers

    N/A
    0 Ratings
    7.0
    70%
    4 Ratings

    Intercompany Accounting

    N/A
    0 Ratings
    4.0
    40%
    5 Ratings

    Localizations

    N/A
    0 Ratings
    5.2
    52%
    3 Ratings

    Journals and Reconciliations

    N/A
    0 Ratings
    5.6
    56%
    28 Ratings

    Enterprise Accounting

    N/A
    0 Ratings
    4.0
    40%
    7 Ratings

    Configurable Accounting

    N/A
    0 Ratings
    5.5
    55%
    16 Ratings

    Centralized Rules Framework

    N/A
    0 Ratings
    1.0
    10%
    3 Ratings

    Standardized Processes

    N/A
    0 Ratings
    4.3
    43%
    17 Ratings

    Inventory Management

    Square Invoices

    Feature Set Not Supported
    N/A
    8.1

    Wave Accounting

    81%
    Wave Accounting ranks higher in 4/4 features

    Inventory tracking

    N/A
    0 Ratings
    5.6
    56%
    8 Ratings

    Automatic reordering

    N/A
    0 Ratings
    9.9
    99%
    5 Ratings

    Location management

    N/A
    0 Ratings
    8.1
    81%
    2 Ratings

    Manufacturing module

    N/A
    0 Ratings
    9.0
    90%
    1 Rating

    Order Management

    Square Invoices

    Feature Set Not Supported
    N/A
    7.7

    Wave Accounting

    77%
    Wave Accounting ranks higher in 7/7 features

    Pricing

    N/A
    0 Ratings
    9.8
    98%
    26 Ratings

    Order entry

    N/A
    0 Ratings
    9.9
    99%
    18 Ratings

    Credit card processing

    N/A
    0 Ratings
    3.9
    39%
    45 Ratings

    Cost of goods sold

    N/A
    0 Ratings
    9.3
    93%
    33 Ratings

    Order Orchestration

    N/A
    0 Ratings
    5.8
    58%
    5 Ratings

    End-to-end order visibility

    N/A
    0 Ratings
    8.2
    82%
    4 Ratings

    Order exception Resolution

    N/A
    0 Ratings
    7.0
    70%
    2 Ratings

    Attribute Ratings

    • Square Invoices is rated higher in 2 areas: Likelihood to Recommend, Support Rating

    Likelihood to Recommend

    9.1

    Square Invoices

    91%
    7 Ratings
    5.3

    Wave Accounting

    53%
    77 Ratings

    Likelihood to Renew

    Square Invoices

    N/A
    0 Ratings
    7.8

    Wave Accounting

    78%
    3 Ratings

    Usability

    Square Invoices

    N/A
    0 Ratings
    6.7

    Wave Accounting

    67%
    14 Ratings

    Availability

    Square Invoices

    N/A
    0 Ratings
    6.3

    Wave Accounting

    63%
    8 Ratings

    Performance

    Square Invoices

    N/A
    0 Ratings
    2.9

    Wave Accounting

    29%
    4 Ratings

    Support Rating

    9.5

    Square Invoices

    95%
    3 Ratings
    4.3

    Wave Accounting

    43%
    12 Ratings

    Online Training

    Square Invoices

    N/A
    0 Ratings
    4.7

    Wave Accounting

    47%
    3 Ratings

    Product Scalability

    Square Invoices

    N/A
    0 Ratings
    3.0

    Wave Accounting

    30%
    2 Ratings

    Likelihood to Recommend

    Square

    Square Invoices is the best service that I have found for what it does: it's easy to use, nice to look at, and never seems to go to spam or be lost by clients. Clients mention that the setup is easier than services my competitors use. You can even attach your contract to the invoice, which is wonderful in case there are questions later on. Unfortunately, not being able to have clients alter quantities or select add-ons means for half of my services, I have to use a different, inferior service.
    Read full review

    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

    Square

    • Adding a customer to invoice is super simple and takes minimal effort.
    • Payment collection is easy and seamless because Square Invoices allows the recipient to pay using credit/cards.
    • One of the fest features is allowing invoices to be recurring. If my contract stipulates a flat fee monthly, I can set the invoices to recur monthly for the duration of the contract.
    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

    Square

    • The reports section is not always the easiest to understand. It seems like I have to stop and think about options instead of it being 100% intuitive.
    • With the fees we pay per transaction, it would be nice to be able to add additional "limited" users for no extra cost.
    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.
    Read full review

    Pricing Details

    Square Invoices

    Starting Price

    Editions & Modules

    Square Invoices editions and modules pricing
    EditionModules

    Footnotes

      Offerings

      Free Trial
      Free/Freemium Version
      Premium Consulting/Integration Services

      Entry-level set up fee?

      No setup fee

      Additional Details

      Wave Accounting

      Starting Price

      Editions & Modules

      Wave Accounting editions and modules pricing
      EditionModules

      Footnotes

        Offerings

        Free Trial
        Free/Freemium Version
        Premium Consulting/Integration Services

        Entry-level set up fee?

        No setup fee

        Additional Details

        Likelihood to Renew

        Square

        No answers on this topic

        Wave

        Easy to use for clients with no accounting background and the price is right.
        Read full review

        Usability

        Square

        No answers on this topic

        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
        Read full review

        Reliability and Availability

        Square

        No answers on this topic

        Wave

        WAVE is always available when we need it ! Peter
        Read full review

        Performance

        Square

        No answers on this topic

        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.
        Read full review

        Support Rating

        Square

        The only time I had a problem was a false chargeback from a client. Square Invoices referenced our contract and ruled in my favor, and they did so in a timely manner. I sent them the contract and my email history with the client, and they quickly unfroze the amount of money.
        Read full review

        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
        Read full review

        Online Training

        Square

        No answers on this topic

        Wave

        easy to use and east to train on ! Our WAVE clients enjoy the ease of use
        Read full review

        Alternatives Considered

        Square

        Square Invoices is easier to use and automatically transfers your money to your bank account vs Paypal that holds your money and you have to manually transfer and it takes 3-5 days (many times more). Square Invoices looks better overall, and for the same fees as Paypal, provides a better service overall.
        Read full review

        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

        Scalability

        Square

        No answers on this topic

        Wave

        Once they out grow what is ability to move up to a more robust system?
        Read full review

        Return on Investment

        Square

        • I love that I can sort my invoices in total, or by a specific time period to see how my sales are doing and comparing to prior time periods.
        Read full review

        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

        Add comparison