Good and easy accounting software for small straightforward businesses
May 01, 2015

Good and easy accounting software for small straightforward businesses

Paul Colman FCA | TrustRadius Reviewer
Score 9 out of 10
Vetted Review
Verified User

Modules Used

  • Accounting
  • Invoice
  • Receipts
  • Personal
  • Payments

Overall Satisfaction with Accounting by Wave

We and our clients use Wave to record all accounting transactions and produce useful reports such as the income statement and sales tax report. It makes bookkeeping so much easier and quicker to get right, especially when bank transactions are fed directly into Wave, or uploaded from an online banking file. Bulk categorisation and the bank reconciliation also speeds up the process. The end result is cheaper accountant fees for my clients and better business decisions.
  • Bank feeds
  • Bank reconciliation
  • Bulk categorisation
  • UK payroll
  • Sales tax for special UK schemes such as the Flat Rate Scheme and Cash Accounting
  • Recurring and copying bills
  • Faster bookkeeping
  • Better accounting records
  • Cheaper accountants fees
  • Xero,QuickBooks Online,Kashflow,SageOne
I'd say Wave is more user friendly and has more functionality than Sage One. It has less functionality than Kashflow and QuickBooks, but it's easier to use. Xero is probably better all round, but that's the most expensive. Wave was originally selected by us, and still used by us and our clients because it's free and works great for our needs.
The more transactions, or the more complex the business, the less suitable Wave becomes. It's ideal for contractors.

Wave Accounting Feature Ratings

Accounts payable
Accounts receivable
Cash management
Bank reconciliation
Multi-currency support
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
Standard reports
Not Rated
API for custom integration
Not Rated
Not Rated
Not Rated
Role-based user permissions
Not Rated
Single sign-on capability
Not Rated