Wave Accounting works great for my small business
Anonymous | TrustRadius Reviewer
November 18, 2018

Wave Accounting works great for my small business

Score 10 out of 10
Vetted Review
Verified User
Review Source

Overall Satisfaction with Accounting by Wave

We use Accounting by Wave for our entire billing system. We generate all invoices from Wave, and accept online credit card and bank transfers through Wave. We also use their accounting system to track expenses, profit & loss, and reporting. Wave simplified our billing system because it will auto-generate recurring invoices, and we get paid much faster using their system.
  • Easy to generate invoices, and recurring invoices
  • Online Payments via credit card and bank transfer
  • Accounting functions are very good to have integrated
  • I think that some customers may not trust the bank transfer login system
  • The auto-generated invoice numbers can be confusing if you have different prefixes for services.
  • it would be amazing if they added document signing and agreements to this system.
  • I'm getting paid faster than my previous billing methods.
  • Accounting features keep me organized all in 1 place
  • If / when I need payroll, I will use Wave
I was using Billings Pro, and On the Job. I did trials of Due and Sighted. But I didn't like the UI and features of those 2. After testing out Wave, I liked the features, UI, and customization better than the other options. Wave is much easier, and the user interface is very straightforward and simple to use.
Wave is great for small businesses that want a low-cost (or free for most features) online billing system. The credit card fees are competitive for online transactions. The setup is simple enough for most users. I've never used the payroll functions, but those would be helpful to many people as well. It's less suited for large businesses with advanced accounting needs, or complicated billing systems. They work with a number of APIs, but some organizations may need more advanced integrations.

Wave Accounting Feature Ratings

Accounts payable
10
Accounts receivable
10
Cash management
9
Bank reconciliation
8
Expense management
10
Fixed asset management
8
Multi-currency support
Not Rated
Multi-division support
8
Regulations compliance
Not Rated
Electronic tax filing
Not Rated
Self-service portal
9
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
7
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
10
Order entry
10
Credit card processing
9
Cost of goods sold
9
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
8
Custom reports
Not Rated
API for custom integration
Not Rated
Plug-ins
Not Rated
Role-based user permissions
Not Rated
Single sign-on capability
Not Rated