A wave of approval for Wave
November 07, 2018
A wave of approval for Wave
Score 10 out of 10
Vetted Review
Verified User
Overall Satisfaction with Accounting by Wave
Wave Accounting is used as the central accounting package for the business. All income and expenses are synchronized from various bank and card accounts. Both one-off and recurring invoices are issued through Wave. Payments via credit card or back transfers are accepted through Wave. Cash low is monitored on the dashboard. Year-end reports are used for income tax calculation.
- The dashboard provides instant views of month-by month income & expenses for the past 12-24 months, a breakdown of current year expense by category, and net income for the past year and year-to-date.
- Invoicing has easy templated set up has lots of per invoice options such as single/recurring payment options, due dates.
- Year end reports are easy to generate in either pdf or csv format.
- My biggest request is that they add a way to link invoice payments with the bank deposits . When a payment is made through Wave, they show the income and it is marked with the invoice number, but when they transfer the money into the bank, the credit is not tied to the invoice(s). You have to figure out by hand and delete the transaction from the bank to prevent getting double credit on it
- It would be good to have a field for CC email on each customer. Currently you have to add any CC when sending.
- On the Transactions view, a few more search options would be helpful.
- Like many, when I started the business, I used spreadsheets which I quickly outgrew. Wave has been the most cost effective solution.
- I save hours of work each year by simply exporting the csv for my accountant
Zoho has many modules that can be integrated, including CRM, but Wave is pretty much ready to use 5 minutes after signing up.