What users are saying about
150 Ratings
89 Ratings
150 Ratings
<a href='https://www.trustradius.com/static/about-trustradius-scoring' target='_blank' rel='nofollow noopener'>trScore algorithm: Learn more.</a>
Score 6.8 out of 100
89 Ratings
<a href='https://www.trustradius.com/static/about-trustradius-scoring' target='_blank' rel='nofollow noopener'>trScore algorithm: Learn more.</a>
Score 8.8 out of 100

Likelihood to Recommend

Wave Accounting

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.
Anonymous | TrustRadius Reviewer

Zoho Books

If using other cloud applications and you wish to create Zoho Books transactions via APIs, Zoho Books is great. The overall UI and flow of the application are great. If you need a detailed job cost accounting solution and robust reporting there is some room for improvement here.
Anonymous | TrustRadius Reviewer

Feature Rating Comparison

Payroll Management

Wave Accounting
6.9
Zoho Books
Pay calculation
Wave Accounting
7.4
Zoho Books
Benefit plan administration
Wave Accounting
7.5
Zoho Books
Direct deposit files
Wave Accounting
4.5
Zoho Books
Salary revision and increment management
Wave Accounting
7.7
Zoho Books
Reimbursement management
Wave Accounting
7.4
Zoho Books

Customization

Wave Accounting
8.2
Zoho Books
7.1
API for custom integration
Wave Accounting
9.3
Zoho Books
7.1
Plug-ins
Wave Accounting
7.0
Zoho Books

Security

Wave Accounting
7.0
Zoho Books
8.3
Single sign-on capability
Wave Accounting
7.5
Zoho Books
8.9
Role-based user permissions
Wave Accounting
6.5
Zoho Books
7.7

Reporting & Analytics

Wave Accounting
6.7
Zoho Books
8.6
Dashboards
Wave Accounting
6.0
Zoho Books
8.5
Standard reports
Wave Accounting
5.9
Zoho Books
8.3
Custom reports
Wave Accounting
8.1
Zoho Books
9.0

General Ledger and Configurable Accounting

Wave Accounting
5.5
Zoho Books
8.0
Accounts payable
Wave Accounting
5.9
Zoho Books
8.2
Accounts receivable
Wave Accounting
6.1
Zoho Books
8.2
Cash management
Wave Accounting
5.8
Zoho Books
7.6
Bank reconciliation
Wave Accounting
5.1
Zoho Books
7.9
Expense management
Wave Accounting
6.8
Zoho Books
7.7
Time tracking
Wave Accounting
4.8
Zoho Books
7.5
Fixed asset management
Wave Accounting
4.1
Zoho Books
Multi-currency support
Wave Accounting
6.9
Zoho Books
8.5
Multi-division support
Wave Accounting
7.1
Zoho Books
Regulations compliance
Wave Accounting
6.8
Zoho Books
7.8
Electronic tax filing
Wave Accounting
5.9
Zoho Books
Self-service portal
Wave Accounting
3.6
Zoho Books
9.0
Global Financial Support
Wave Accounting
9.0
Zoho Books
Primary and Secondary Ledgers
Wave Accounting
7.0
Zoho Books
Intercompany Accounting
Wave Accounting
4.5
Zoho Books
Localizations
Wave Accounting
5.2
Zoho Books
Journals and Reconciliations
Wave Accounting
5.6
Zoho Books
Enterprise Accounting
Wave Accounting
4.1
Zoho Books
Configurable Accounting
Wave Accounting
5.6
Zoho Books
Centralized Rules Framework
Wave Accounting
1.1
Zoho Books
Standardized Processes
Wave Accounting
4.8
Zoho Books

Inventory Management

Wave Accounting
8.1
Zoho Books
8.7
Inventory tracking
Wave Accounting
5.6
Zoho Books
8.5
Automatic reordering
Wave Accounting
9.9
Zoho Books
9.0
Location management
Wave Accounting
8.1
Zoho Books
Manufacturing module
Wave Accounting
9.0
Zoho Books

Order Management

Wave Accounting
7.1
Zoho Books
8.3
Pricing
Wave Accounting
8.6
Zoho Books
7.6
Order entry
Wave Accounting
7.2
Zoho Books
8.8
Credit card processing
Wave Accounting
5.0
Zoho Books
8.8
Cost of goods sold
Wave Accounting
8.0
Zoho Books
8.1
Order Orchestration
Wave Accounting
5.8
Zoho Books
End-to-end order visibility
Wave Accounting
8.2
Zoho Books
Order exception Resolution
Wave Accounting
7.1
Zoho Books

Pros

Wave Accounting

  • 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.
Harry Abell | TrustRadius Reviewer

Zoho Books

  • Zoho Books invoicing and receipting features are second to none. We find it easy to quickly invoice clients and add items to their bills and also for our own receipting internally.
  • The accounting features are great for our accounting team to be able to see where we are financially and how the business is doing.
  • The ability to add contacts and run a mini CRM channel with clients within Zoho is invaluable. Since we use this in conjunction with our other CRM channels, it helps to have a centralized place to follow up and see through a sales funnel.
  • Zoho Books allows us to take payments from clients around the globe a feature we didn't have when we used another accounting system.
  • The pricing for Zoho Books is fairly reasonable for an SME organization which is a great for us as it pays itself back many times over every month.
Nathan Sichilongo | TrustRadius Reviewer

Cons

Wave Accounting

  • 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.
J.P. VanderLinden | TrustRadius Reviewer

Zoho Books

  • Zoho Books is only available in Texas and California. There is no integration allowed for paying employee expenses. The absolute worst aspect is the fact that if you make even the slightest error in data input there is no backing up. You cannot undo an error.
  • The system does not allow change once implemented, so you must get every one of your beginning balances perfect. The practice of Journal Entries is cumbersome. When reconciling, Zoho Books has adopted a number of required steps that significantly overcomplicate reconciliation using practices that are not consistent with general accounting principles in the US.
  • On the customer side, you must look in two places to see the beginning balance and the current receivables that might exist for current invoicing.
  • The way the system works, you must avoid having much trust with the balances depicted. So far, it appears that Zoho Books uses what we called in school "that new math."
  • It would be terrifying to rely on this bookkeeping system to support an IRS Audit. The system violates too many fundamental accounting principles.
  • The software is used by so few people that there is concern that we might never find a skilled bookkeeper.
Mike James | TrustRadius Reviewer

Likelihood to Renew

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

Zoho Books

No score
No answers yet
No answers on this topic

Usability

Wave Accounting

Wave Accounting 6.3
Based on 12 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

Zoho Books

Zoho Books 7.9
Based on 3 answers
Super easy to use!
Brandy Perez | TrustRadius Reviewer

Reliability and Availability

Wave Accounting

Wave Accounting 6.3
Based on 8 answers
WAVE is always available when we need it ! Peter
Peter Cullen | TrustRadius Reviewer

Zoho Books

No score
No answers yet
No answers on this topic

Performance

Wave Accounting

Wave Accounting 2.9
Based on 4 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

Zoho Books

No score
No answers yet
No answers on this topic

Support Rating

Wave Accounting

Wave Accounting 5.1
Based on 10 answers
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
Anonymous | TrustRadius Reviewer

Zoho Books

Zoho Books 6.9
Based on 3 answers
The people are great. They follow the party line when working with us. There is clearly no intent to provide integration to the employee expenseThere is no intent to make the bank reconciliations system work in a manner consistent with US Accounting principles. There is no intent make the payroll system one that can easily cut a paycheck. Which brings up the fact that adjusting the printing on a check is very laborious and you only get close. You cannot get perfect
Mike James | TrustRadius Reviewer

Online Training

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

Zoho Books

No score
No answers yet
No answers on this topic

Alternatives Considered

Wave Accounting

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
Anonymous | TrustRadius Reviewer

Zoho Books

We had a lot of problems with Exact Online, support-wise and price-wise. So Zoho Books wins on every point there. While Exact offers way more options, it tends to be really slow... and complex. Again Zoho Books wins. If you want an easy-to-use tool and not pay a lot of money, or if you are a small administration office with a few clients, this tool will be perfect for you.
Mike Koolwijk | TrustRadius Reviewer

Scalability

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

Zoho Books

No score
No answers yet
No answers on this topic

Return on Investment

Wave Accounting

  • 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.
Lukas Sundahl, MBA | TrustRadius Reviewer

Zoho Books

  • Integration: Zoho Books offers out of the box integrations to extend the functionality and connect with the applications you love like MailChimp, Microsoft Outlook, PandaDoc, and Quickbooks, etc.
  • Flexibility makes Zoho Books great!
  • Since I can use forecast reports, I can create customizable sales forecast data from the dashboard to accurately measure revenue forecasts and establish sales quotas.
Cedric Haynes | TrustRadius Reviewer

Screenshots

Wave Accounting

Pricing Details

Wave Accounting

General

Free Trial
Free/Freemium Version
Premium Consulting/Integration Services
Entry-level set up fee?
No

Starting Price

Wave Accounting Editions & Modules

Additional Pricing Details

Zoho Books

General

Free Trial
Yes
Free/Freemium Version
Yes
Premium Consulting/Integration Services
Entry-level set up fee?
Optional
$15

Starting Price

$0 For businesses with turnover <50K USD per annum

Zoho Books Editions & Modules

Edition
Standard$151
Professional$401
Premium$601
Free$02
  1. Per Organization/Month, Billed Annually
  2. For businesses with turnover <50K USD per annum
Additional Pricing Details
Zoho Books is available for both monthly and yearly plans. Users who sign up for the annual plan get a discount.

Rating Summary

Likelihood to Recommend

Wave Accounting
5.3
Zoho Books
8.9

Likelihood to Renew

Wave Accounting
7.8
Zoho Books

Usability

Wave Accounting
6.3
Zoho Books
7.9

Reliability and Availability

Wave Accounting
6.3
Zoho Books

Performance

Wave Accounting
2.9
Zoho Books

Support Rating

Wave Accounting
5.1
Zoho Books
6.9

Online Training

Wave Accounting
4.7
Zoho Books

Scalability

Wave Accounting
3.0
Zoho Books

Add comparison