Wave Accounting Software
Updated April 29, 2021

Wave Accounting Software

Rachelle Smith | TrustRadius Reviewer
Score 8 out of 10
Vetted Review
Verified User

Overall Satisfaction with Wave Accounting

I have used Wave for eight years, and discovered it soon after starting my business. I am the owner, and use it weekly for my company. It helps with my accounting needs. I am a solopreneur, and it helps that it is so easy to navigate and use. There have been periodic product enhancement updates along the way, which have made my experience even better.
  • Wave is very easy to use. I had not used cloud-based accounting software before using it, and mastered it with ease.
  • Because it is cloud-based, I like being able to access is anywhere from any computer. When traveling, I still have interrupted access to it. I always know what is going on with the financials of my business.
  • I like the fact that it can be integrated with other software and tools to make the accounting process easier.
  • Wave Accounting has grown and evolved with me and my business.
  • I have not been able to schedule recurring bills. I have had to log in and enter each bill monthly, as well as a payment date. It would be nice to schedule my bills to recur for the entire year.
  • It has positively impacted my business objectives, because I am able to view my financials at a glance, or create reports. Both enable me to make necessary adjustments to spending, etc. After the first year of using it, my spending decreased by 50%, and my revenues increased, resulting in increased net profits.
  • I am glad I trusted Wave at the onset of my business.
Wave was more user friendly for me as a new entrepreneur. It was intuitive and helped me navigate the accounting process and issues.

Do you think Wave Accounting delivers good value for the price?

Yes

Are you happy with Wave Accounting's feature set?

Yes

Did Wave Accounting live up to sales and marketing promises?

Yes

Did implementation of Wave Accounting go as expected?

Yes

Would you buy Wave Accounting again?

Yes

It has been a strong tool and resource for me for a number of years. It has grown and evolved just like me and my business.
Always there to help; it’s easy to request support.
Wave is a good choice for entrepreneurs, who are just starting or even established. It affords me the same benefits as QuickBooks or Quicken. It is easy to navigate and enables you to get a handle on your finances early on in the process.

Wave Accounting Feature Ratings

Accounts payable
9
Accounts receivable
9
Cash management
8
Bank reconciliation
9
Expense management
10
Time tracking
Not Rated
Fixed asset management
Not Rated
Multi-currency support
Not Rated
Multi-division support
Not Rated
Regulations compliance
Not Rated
Electronic tax filing
Not Rated
Self-service portal
Not Rated
Global Financial Support
Not Rated
Primary and Secondary Ledgers
Not Rated
Intercompany Accounting
Not Rated
Localizations
Not Rated
Journals and Reconciliations
7
Enterprise Accounting
Not Rated
Configurable Accounting
Not Rated
Centralized Rules Framework
Not Rated
Standardized Processes
8
Inventory tracking
Not Rated
Automatic reordering
Not Rated
Location management
Not Rated
Manufacturing module
Not Rated
Pricing
10
Order entry
Not Rated
Credit card processing
10
Cost of goods sold
7
Order Orchestration
Not Rated
End-to-end order visibility
Not Rated
Order exception Resolution
Not Rated
Pay calculation
Not Rated
Benefit plan administration
Not Rated
Direct deposit files
Not Rated
Salary revision and increment management
Not Rated
Reimbursement management
Not Rated
Dashboards
10
Standard reports
10
Custom reports
10
API for custom integration
10
Plug-ins
7
Role-based user permissions
10
Single sign-on capability
Not Rated