Wave Accounting

Wave Accounting Reviews

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Ratings and Reviews (141)
Features Scorecard
Product Details

Ratings and Reviews
(1-4 of 4)

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Wave Accounting Scorecard Summary

Feature Scorecard Summary

Payroll Management (5)
76%
7.6
Pay calculation (23)
76%
7.6
Benefit plan administration (4)
75%
7.5
Direct deposit files (19)
79%
7.9
Salary revision and increment management (12)
77%
7.7
Reimbursement management (8)
74%
7.4
Customization (2)
79%
7.9
API for custom integration (9)
88%
8.8
Plug-ins (11)
70%
7.0
Security (2)
87%
8.7
Single sign-on capability (28)
82%
8.2
Role-based user permissions (31)
92%
9.2
Reporting & Analytics (3)
73%
7.3
Dashboards (65)
67%
6.7
Standard reports (64)
66%
6.6
Custom reports (33)
85%
8.5
General Ledger and Configurable Accounting (21)
66%
6.6
Accounts payable (53)
65%
6.5
Accounts receivable (64)
66%
6.6
Cash management (56)
64%
6.4
Bank reconciliation (60)
54%
5.4
Expense management (58)
74%
7.4
Time tracking (8)
63%
6.3
Fixed asset management (9)
83%
8.3
Multi-currency support (18)
69%
6.9
Multi-division support (9)
71%
7.1
Regulations compliance (15)
69%
6.9
Electronic tax filing (14)
59%
5.9
Self-service portal (38)
47%
4.7
Global Financial Support (2)
90%
9.0
Primary and Secondary Ledgers (3)
90%
9.0
Intercompany Accounting (4)
80%
8.0
Localizations (3)
52%
5.2
Journals and Reconciliations (27)
56%
5.6
Enterprise Accounting (6)
48%
4.8
Configurable Accounting (16)
57%
5.7
Centralized Rules Framework (2)
81%
8.1
Standardized Processes (15)
57%
5.7
Inventory Management (4)
81%
8.1
Inventory tracking (8)
56%
5.6
Automatic reordering (5)
99%
9.9
Location management (2)
81%
8.1
Manufacturing module (1)
90%
9.0
Order Management (7)
72%
7.2
Pricing (26)
80%
8.0
Order entry (17)
73%
7.3
Credit card processing (44)
63%
6.3
Cost of goods sold (32)
78%
7.8
Order Orchestration (5)
59%
5.9
End-to-end order visibility (4)
83%
8.3
Order exception Resolution (2)
71%
7.1

What is 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.

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Frequently Asked Questions

What is Wave Accounting?

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.

What is Wave Accounting's best feature?

Reviewers rate Automatic reordering highest, with a score of 9.9.

Who uses Wave Accounting?

The most common users of Wave Accounting are from Small Businesses and the Accounting industry.