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Catch the Wave
Updated August 19, 2015

Catch the Wave

Jeff Borschowa | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User

Software Version

Current

Modules Used

  • All

Overall Satisfaction with Accounting by Wave

I provide software selection and implementation services for my small to medium-sized business clients. My focus is to pair the client with the right software for their business needs. I typically recommend Wave to my small business clients that are looking for a reasonably priced accounting package that works within their needs. I find Wave to be a great accounting package for simple small businesses who need easy bookkeeping and portable access. My favorite feature is the integrated credit card processing and invoicing. This allows my clients to bill quicker and get paid faster, something very important in small businesses!

I have not used Wave with larger entities as of yet.
  • Wave excels at separating personal and business expenses for a blended bank account.
  • Wave facilitates invoicing and payment.
  • Easy interface and small learning curve.
  • Ideal for independent contractors.
  • Wave is very simple and it meets the needs of clients that it was designed for. If you use the right tool for the right job, it can be a great thing. However, the program is not yet at a stage where I would recommend it to larger entities.
  • Vastly improved customer service
  • Fast turnaround
  • Reduced paper piles in office
  • FreshBooks,QuickBooks Online,Xero,Kashoo,QuickBooks Pro,Sage 50 Accounting
Wave is ideal for the small business owner. It is free (can't beat that) and easy to use. I use a variety of solutions, but pair Wave with clients (such as realtors) to keep them away from shoeboxes! I don't do anything fancy with the program, but it really shines at separating business and personal.
Wave is best suited to simple businesses that need to be able to invoice customers and track expenses. I do not believe it would be appropriate for a complex business that needed complex invoicing or inventory management. I tend to recommend it for independent contractors, self-employed musicians, realtors, or similar.

Wave Accounting Feature Ratings

9.0
Accounts payable
Not Rated
Accounts receivable
8
Cash management
Not Rated
Bank reconciliation
Not Rated
Expense management
10
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
Not Rated
Inventory tracking
Not Rated
Automatic reordering
Not Rated
Location management
Not Rated
Manufacturing module
Not Rated
Not Rated
Pricing
Not Rated
Order entry
Not Rated
Credit card processing
Not Rated
Cost of goods sold
Not Rated
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
Not Rated
Dashboards
Not Rated
Standard reports
Not Rated
Custom reports
Not Rated
Not Rated
API for custom integration
Not Rated
Plug-ins
Not Rated
Not Rated
Role-based user permissions
Not Rated
Single sign-on capability
Not Rated

Using Accounting by Wave

1 - Accounting