Perfect for Today's SME's.
Updated March 16, 2016

Perfect for Today's SME's.

John Galbraith | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User

Overall Satisfaction with Accounting by Wave

Wave is used in all aspects of our administration at ZonedIn and Galbro. It is used for payroll, invoicing, bookkeeping, HST (Sales Tax) management, financial reporting and business analysis. Wave has streamlined the way we collect, prepare, and analyze our financial data. It also provided us with an easy to use tool to manage all other areas of our business administration including invoicing, payments and payroll. By connecting all of our accounts to Wave we've been able see everything in real time versus more traditional accounting systems and we've saved time, money and headaches.
  • Support. There are many similar systems out there but my experiences with Wave's support team is why I will always use this product over the others.
  • Payroll. This is an area that can change your business. Harnessing the ease of use of Wave's Payroll Modules allows our company to stay lean and concentrate on growth while providing a premium experience to our awesome employees.
  • Invoicing. It may seem trivial but the invoicing modules in Wave, when used correctly are a huge time saver and enhance the overall bookkeeping experience. Not to mention the impression my client's get when they receive a professional invoice via email.
  • Sales Tax Automation. I don't even know how this would be possible but as an Ontario resident I would love to explore a way I could create parameters based on certain expenses and automatically add the HST.
  • AI for categorizations. Wave does an alright job of taking a guess at the expense categories in the data from our payment accounts. A little more would be a fine addition.
  • Speed. Sometimes I find it can be a little sluggish. Not all the time, but some.
  • Increased administrative efficiency. Between using Wave and Wave Pro we've saved more than really quantifiable.
Day and night. I found QuickBooks Legacy for Enterprise clunky and outdated and the user experiences are without compare.
I have yet to find a business scenario where Wave wasn't what I recommended. It is however important to understand what folks want from an accounting system and what functions/modules are important to them. That said, with Wave's feature set and the nature of today's business/entrepreneurship landscape it's mostly always a great fit.

Wave Accounting Feature Ratings

Accounts payable
10
Accounts receivable
10
Cash management
8
Bank reconciliation
9
Expense management
9
Fixed asset management
Not Rated
Multi-currency support
9
Multi-division support
Not Rated
Regulations compliance
Not Rated
Electronic tax filing
Not Rated
Self-service portal
9
Inventory tracking
Not Rated
Automatic reordering
Not Rated
Location management
Not Rated
Manufacturing module
Not Rated
Pricing
Not Rated
Order entry
Not Rated
Credit card processing
Not Rated
Cost of goods sold
Not Rated
Pay calculation
10
Benefit plan administration
Not Rated
Direct deposit files
10
Salary revision and increment management
10
Reimbursement management
10
Dashboards
10
Standard reports
10
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

Accounting by Wave Reliability