Wave has all you need for basic acounting
November 19, 2022

Wave has all you need for basic acounting

Allen Eshmoili | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User

Overall Satisfaction with Wave Accounting

I use it for personal and business account. My bookkeeper has access and will update my accounts and generate financial statements and use it to communicate with my accountant at year end. Its nice that it imports all my financial statements from my banks allows me to categorize transactions and view my transactions and a recolcile my books as well. its easy enolugh for me to use as well and I have no finance background. The reports are helpful from P&L and balance sheets and more.
  • Reconcile
  • Categorize
  • Reporting
  • Access to submit question
  • customer service
  • saves time and money on bookeeping and accounting
quickbooks seems to be more feature rich and can connect to my POS. At some point i may witch over if my accounting becomes too complicated for Wave Accounting

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?

Yes

Did implementation of Wave Accounting go as expected?

Yes

Would you buy Wave Accounting again?

Yes

For all the reasons mentioned above; ave is easy and simple to use, simple GUI and feature rich with reports and other basic accounting fucntions.
it's very hard to get in touch with customer service, they have a feature-rich FAW page though but sometimes the answer is not there.
I use it on a monthly basis to reconcile my books, see where my money is being spent, look at my profitability and cashflow as well. The reports make this easy to do and categorizing multiple transactions are easy as well. I cant think of many cases where you would not want to use WAVE accounting software

Wave Accounting Feature Ratings

Accounts payable
10
Accounts receivable
10
Cash management
10
Bank reconciliation
10
Expense management
10
Time tracking
10
Fixed asset management
10
Multi-currency support
10
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
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
Pricing
Not Rated
Order entry
10
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
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
Not Rated
Not Rated
API for custom integration
Not Rated
Plug-ins
Not Rated
Role-based user permissions
10
Single sign-on capability
10