Online accounting platform making waves.
December 07, 2017

Online accounting platform making waves.

Al Wynant | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User

Overall Satisfaction with Accounting by Wave

Wave is an easy to use platform. We use it mainly for invoicing and tracking accounts payable throughout the company. When we started we looked for a system that was easy to implement, didn't require tons of training and looked/acted the part, which it does. We continue to use the platform on a daily basis. It has done a great job in adding more services.
  • Invoicing is easy.
  • Easy customization of the platform.
  • Ability to track your customer's behaviors.
  • At times the platform is slow loading upon login.
  • Wishing the login button was more prominent over the "sign up" button. I often click on the sign up button to log in.
  • We originally added our cc processor to invoicing and have changed provider but have not been able to update the information and have therefore not used the feature.
  • It has been an excellent product to manage our invoices. Can't beat "free".
We looked for an affordable, easy to understand solution to process invoices. Wave offered the best solution at the right price "free." We did not think this would be a long-term solution. Its robustness, ability to customize on the fly is one of the reasons we still use Wave for invoicing. And it works with our other systems. We also looked at Quickbooks Online, Zoho accounting, etc...
Since the software is free to use, easy to start with and fairly customizable, it makes great sense for small businesses, start-ups and other organizations that do not have a large budget for accounting software, or capacity for training. Wave is so easy to start with, and the fact that it is free to use, makes it ideal for those scenarios.

Wave Accounting Feature Ratings

Accounts payable
Not Rated
Accounts receivable
10
Cash management
Not Rated
Bank reconciliation
Not Rated
Expense management
Not Rated
Time tracking
Not Rated
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
10
Global Financial Support
Not Rated
Primary and Secondary Ledgers
Not Rated
Intercompany Accounting
Not Rated
Localizations
Not Rated
Journals and Reconciliations
10
Enterprise Accounting
Not Rated
Configurable Accounting
10
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
Not Rated
Order Orchestration
Not Rated
End-to-end order visibility
Not Rated
Order exception Resolution
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
Dashboards
10
Standard reports
10
Custom reports
10
Not Rated
API for custom integration
Not Rated
Plug-ins
Not Rated
Role-based user permissions
10
Single sign-on capability
Not Rated