Good Accounting Software for SME's
January 13, 2022

Good Accounting Software for SME's

Anonymous | TrustRadius Reviewer
Score 9 out of 10
Vetted Review
Verified User

Overall Satisfaction with Wave Accounting

We use Wave Accounting for all the financial data of the organization (SME.) The payroll, however, was outsourced. The product addresses a training problem within the organization as it is easy to use, and minimal training is required. We have a platform where we can invoice, bill, track all our expenses and manage our finances with the reports produced by the system. It is very user-friendly.

Pros

  • Invoicing
  • Billing
  • Generate reports

Cons

  • Recurring invoice numbers not consecutive
  • Payment speed needs to be faster when making payments
  • Updates completely changing formats of certain functions
  • Improved our invoicing
  • Payment process easier
  • Streamlined our processes

Do you think Wave Accounting delivers good value for the price?

Yes

Are you happy with Wave Accounting's feature set?

Yes

Did Wave Accounting live up to sales and marketing promises?

I wasn't involved with the selection/purchase process

Did implementation of Wave Accounting go as expected?

Yes

Would you buy Wave Accounting again?

Yes

Wave [Accounting] is very simple and easy to use. Minimal training was required for all our users as the interface is very user-friendly, especially for small businesses looking to use something to track their financial data, Invoice and make payments. I loved using Wave [Accounting]. It lookes professional and [has] all the features we were looking for.
I never had to call Wave Support as we barely experienced any support-related problems on our side. However, I do know a few people that complained about Wave support. It would be nice as well, though if they could have more in your face tutorials for new users or how-to videos should we struggle to do something
Wave Accounting has a very good invoicing function, easy to use, and [is] customized specifically for small businesses. The payment processing function is also very user-friendly. There could be minor improvements to the invoice numbering as they are not always in order, it is not a big deal, but it would really be nice if the invoice number could be specific to each set of clients.

Wave Accounting Feature Ratings

7.3
Accounts payable
8
Accounts receivable
10
Cash management
8
Bank reconciliation
10
Expense management
9
Time tracking
7
Fixed asset management
7
Multi-currency support
Not Rated
Multi-division support
Not Rated
Regulations compliance
Not Rated
Electronic tax filing
Not Rated
Self-service portal
Not Rated
Global Financial Support
Not Rated
Primary and Secondary Ledgers
7
Intercompany Accounting
4
Localizations
Not Rated
Journals and Reconciliations
7
Enterprise Accounting
4
Configurable Accounting
Not Rated
Centralized Rules Framework
Not Rated
Standardized Processes
6
Not Rated
Inventory tracking
Not Rated
Automatic reordering
Not Rated
Location management
Not Rated
Manufacturing module
Not Rated
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
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
7.3
Dashboards
8
Standard reports
9
Custom reports
5
Not Rated
API for custom integration
Not Rated
Plug-ins
Not Rated
5.5
Role-based user permissions
5
Single sign-on capability
6

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