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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.https://media.trustradius.com/product-logos/4F/7m/TFABTGMTZHT4.PNGWave Accounting ReviewWave is being used for my entire organization as we use it for the general ledger, A/R and payroll. It automates many tasks saving our organization time and money. With other software we spent considerable time entering payroll, writing cheques to employees and submitting government remittances. Wave has streamlined this process since employees are paid directly to their bank accounts and government remittances are automatically paid.,The payroll module is fantastic. The entire process is automated and saves considerable time throughout the process. The automatic download of bank and credit card transactions into the general ledger saves a considerable amount of time with data entry. Allowing customers to pay invoices by credit card directly through Wave allows for faster collection of receivables.,The reporting features could be more robust as the number of reports are limited and not a flexible as I would like to see them. I have run into issues when trying to export general ledger items. There are inconsistencies with the date formats and as a result the information does not export easily.,8,Increased staff efficiencies Increased customer service,,7,Fewer than 25% of my clients,1,0,Vendor implemented,1,1,1,1,1Great product in the sea of changes to cloudWe have several clients that use Wave Accounting and utilize our bookkeeping services monthly. We set the client up in Wave train them and for some handle monthly work.,Great collaboration tool between our clients and the bookkeeping team Wave Receipts is extremely helpful for getting source information details The invoice capability is highly valued by our clients We have started using the payroll feature and find it easy to implement,More customization of reports or at least more variety on present default reports For us as the collaborating bookkeepers to have ability to run data feed updates from our view,8,Easy onboarding of clients Have received quite a few leads from the pro services push Support has been excellent,QBO Xero Intact Kashoo,76% to 99% of clients,5,5,8
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Wave Accounting
108 Ratings
Score 8.8 out of 101
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Wave Accounting Reviews

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Wave Accounting
108 Ratings
<a href='https://www.trustradius.com/static/about-trustradius-scoring' target='_blank' rel='nofollow'>trScore algorithm: Learn more.</a>
Score 8.8 out of 101

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Feature Scorecard Summary

Pay calculation (19)
8.5
Benefit plan administration (4)
7.5
Direct deposit files (15)
8.4
Salary revision and increment management (10)
7.8
Reimbursement management (7)
8.3
API for custom integration (6)
8.7
Plug-ins (7)
8.6
Single sign-on capability (22)
8.8
Role-based user permissions (25)
8.0
Dashboards (45)
8.5
Standard reports (44)
8.5
Custom reports (21)
8.7
Accounts payable (38)
8.6
Accounts receivable (46)
9.2
Cash management (40)
8.1
Bank reconciliation (44)
7.6
Expense management (41)
8.5
Time tracking (7)
6.7
Fixed asset management (8)
7.9
Multi-currency support (15)
8.1
Multi-division support (9)
7.2
Regulations compliance (11)
5.9
Electronic tax filing (9)
6.3
Self-service portal (29)
8.3
Global Financial Support (2)
9.0
Primary and Secondary Ledgers (3)
9.2
Intercompany Accounting (3)
8.6
Localizations (2)
9.5
Journals and Reconciliations (14)
7.3
Enterprise Accounting (4)
7.5
Configurable Accounting (11)
8.0
Centralized Rules Framework (2)
8.5
Standardized Processes (9)
8.4
Inventory tracking (4)
7.1
Automatic reordering (5)
8.8
Location management (2)
8.5
Manufacturing module (1)
9
Pricing (18)
8.6
Order entry (12)
8.7
Credit card processing (32)
8.5
Cost of goods sold (23)
8.7
Order Orchestration (3)
8.0
End-to-end order visibility (3)
7.9
Order exception Resolution (2)
7.5

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.

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Wave Accounting Technical Details

Operating Systems: Unspecified
Mobile Application:No