Great for Startups - easy cashflow insights!
May 12, 2015

Great for Startups - easy cashflow insights!

Michael Schwanzer | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User

Overall Satisfaction with Accounting by Wave

It enables daily insights into our cashflow without any hassle of getting the data into it. Therefore we use it to plan spendings and know right away invoices are paid. Furthermore, having an accountant overlook our finances directly, it makes everything a lot easier. Automated invoices are a great way to save time.
  • Automated import of all transactions: saves time, nothing gets lost, no human errors from data entry.
  • The android app to scan recipes with seems to be a bit slow.
  • Increased efficiency through automated import and invoicing
  • Great for having an accountant looking over our shoulder without extra data transfer / time needed and less cost therefore.
Back then I was freelancing and it was great for that. But after incorporation I needed more features and Wave has them for free.
Can every transaction be imported from any bank?

Wave Accounting Feature Ratings

Accounts payable
10
Accounts receivable
10
Cash management
10
Bank reconciliation
10
Expense management
10
Time tracking
Not Rated
Fixed asset management
Not Rated
Multi-currency support
10
Multi-division support
Not Rated
Regulations compliance
Not Rated
Electronic tax filing
Not Rated
Self-service portal
10
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
10
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
8
Standard reports
8
Custom reports
8
Not Rated
API for custom integration
Not Rated
Plug-ins
Not Rated
Role-based user permissions
10
Single sign-on capability
Not Rated