TrustRadius
'WAVE' Hello to Managing Your Business
https://www.trustradius.com/accountingWave AccountingUnspecified8.8107101
Torrey Holman profile photo
December 08, 2017

'WAVE' Hello to Managing Your Business

Score 10 out of 101
Vetted Review
Verified User
Review Source

Overall Satisfaction with Accounting by Wave

As an online freelancer, I need to be able to bill clients from all over the world. Wave allows me to create my own customized invoice for that, and break down the billing for each individual task. I recently held double positions within a company and I was able to bill for each department on one invoice. It allows me to create, edit, approve, and send invoices, even to send reminders to pay. Once paid I can then record the payment and send a receipt to the client for their records. This is very important as a freelancer because not everyone pays on the same schedule and keeping track of payments could be a hassle otherwise.
  • Separates tasks by name for billing
  • Reminders of invoices coming due and notices of any overdue
  • Calculates payment amount due depending on the information you previously set up
  • Saves time
  • Makes freelancing financials painless
  • I've not run into anything as of yet I'd like to see improved or added
  • Keeps me up to date for taxing purposes
  • Excel and Gnu
I was never able to figure out Gnu cash so I had to mostly use excel, until I found Wave
Well suited for those with just one, or several clients, pay rates, tasks or projects. The software is perfect for those who work for themselves and I can't think of any situation that it would not be suitable for. Freelancers in particular though would be able to put Wave to the best use.

Wave Accounting Feature Ratings

Accounts payable
10
Accounts receivable
10
Cash management
10
Bank reconciliation
10
Expense management
9
Time tracking
Not Rated
Fixed asset management
Not Rated
Multi-currency support
Not Rated
Multi-division support
10
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
Not Rated
Enterprise Accounting
Not Rated
Configurable Accounting
Not Rated
Centralized Rules Framework
Not Rated
Standardized Processes
Not Rated
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
Order Orchestration
Not Rated
End-to-end order visibility
Not Rated
Order exception Resolution
Not Rated
Pay calculation
10
Benefit plan administration
Not Rated
Direct deposit files
Not Rated
Salary revision and increment management
Not Rated
Reimbursement management
Not Rated
Dashboards
7
Standard reports
Not Rated
Custom reports
Not Rated
API for custom integration
Not Rated
Plug-ins
Not Rated
Role-based user permissions
Not Rated
Single sign-on capability
10