Wave Accounting Reviews

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120 Ratings
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Score 8.2 out of 100

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Reviews (1-9 of 9)

Randy O'Malley | TrustRadius Reviewer
June 08, 2016

Wave Accounting Review

Score 8 out of 10
Vetted Review
Verified User
Review Source

Wave Accounting Rating for Public Practice CPAs

7
I rated the software an 7 due to its ease of use. It would be rated higher, but I consider this to be a niche product instead of a go to product for all clients. This is the software to use if you want an inexpensive entry level software for an owner managed business.
Read Randy O'Malley's full review
Paul Colman FCA | TrustRadius Reviewer
May 01, 2015

Good and easy accounting software for small straightforward businesses

Score 9 out of 10
Vetted Review
Verified User
Review Source

Wave Accounting Rating for Public Practice CPAs

9
It's easy and quick to setup. It's user friendly and doesn't use too much jargon so my clients understand it and use it properly. It allows me to switch between different clients quickly so I can respond to any queries by looking at the same data.
Read Paul Colman FCA's full review

Feature Scorecard Summary

Pay calculation (22)
8.5
Benefit plan administration (4)
7.5
Direct deposit files (18)
8.6
Salary revision and increment management (12)
7.7
Reimbursement management (8)
8.0
API for custom integration (9)
7.8
Plug-ins (11)
7.4
Single sign-on capability (27)
8.4
Role-based user permissions (30)
8.5
Dashboards (60)
8.4
Standard reports (59)
8.5
Custom reports (31)
8.1
Accounts payable (48)
7.6
Accounts receivable (59)
8.3
Cash management (51)
7.7
Bank reconciliation (56)
7.8
Expense management (54)
8.1
Time tracking (8)
5.5
Fixed asset management (9)
8.4
Multi-currency support (18)
7.2
Multi-division support (9)
7.1
Regulations compliance (15)
6.7
Electronic tax filing (13)
6.8
Self-service portal (35)
7.4
Global Financial Support (2)
9.0
Primary and Secondary Ledgers (3)
9.1
Intercompany Accounting (4)
8.3
Localizations (3)
7.4
Journals and Reconciliations (24)
7.1
Enterprise Accounting (6)
6.6
Configurable Accounting (16)
7.1
Centralized Rules Framework (2)
8.4
Standardized Processes (12)
8.9
Inventory tracking (8)
5.8
Automatic reordering (5)
9.3
Location management (2)
8.4
Manufacturing module (1)
9
Pricing (26)
8.0
Order entry (17)
8.2
Credit card processing (41)
8.3
Cost of goods sold (31)
7.8
Order Orchestration (5)
6.9
End-to-end order visibility (4)
8.6
Order exception Resolution (2)
7.4

About Wave Accounting

Wave Accounting is a fast growing, free, cloud-based accounting platform exclusively for small businesses (less than 9 employees) offered by Wave in Toronto. It supports double-entry bookkeeping and permits unlimited user access to always-available records and reports, as well as unlimited invoicing and expense management. Wave integrates with expense tracking software Shoeboxed. The software is mobile-accessible.

Wave Accounting integrates with Wave's invoicing, receipt scanning, payment processing and payroll apps, into one relatively comprehensive package. However, the automated payments and payroll functionality must be purchased; the payments addition bills per transaction, and the payroll feature bills by number of employees over a flat rate. To support the free platform, Wave integrates advertisements from business partners. Thus these are a necessary facet of the service.
Categories:  Accounting

Wave Accounting Competitors

Wave Accounting Technical Details

Operating Systems: Unspecified
Mobile Application:No