Wave Accounting

Wave Accounting Reviews

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Ratings and Reviews
(1-10 of 10)

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Score 8 out of 10
Vetted Review
Verified User
Review Source
The usability is a major benefit to Wave. The online user interface is easy to use and offers good customization so your accounts payable and receivable accurately represent your business finances. The tools are self explanatory and offer tool tips to make sense of anything you may not be familiar with.
August 17, 2021

Wave Accounting Review

Score 1 out of 10
Vetted Review
Verified User
Review Source
It was easy to use, very basic and aesthetic with customized invoicing that included your logo. The online payments put it over the top for a FREE product.
Now, I would rather send my own invoice and get paid direct ACH [to] save both my client and I a fee.
Melissa Whaley | TrustRadius Reviewer
Score 9 out of 10
Vetted Review
Verified User
Review Source
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.

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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Wave Accounting Technical Details

Operating SystemsUnspecified
Mobile ApplicationNo

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.