Wave Logo Award Winner Product Badge
Wave Logo Award Winner Product Badge
Wave

Wave

8.3 /10
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Wave
8.3 /10

What is Wave?

Wave makes it easy to be your own boss. Focus on what you love, and lean on Wave's intuitive online software to manage your financial and organizational needs. Wave Apps makes your money-related tasks easy with: • Unlimited invoicing, 100% free! • Unlimited accounting, 100% free!

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Awards & Recognition

Wave won the following awards in the Accounting - Small Business category

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Wave Ratings

Real user data aggregated to summarize the product performance and customer experience.
Download the entire Product Scorecard to access more information on Wave.

90 Likeliness to Recommend

2
Since last award

94 Plan to Renew

1
Since last award

92 Satisfaction of Cost Relative to Value

1
Since last award


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Emotional Footprint Overview

+98 Net Emotional Footprint

The emotional sentiment held by end users of the software based on their experience with the vendor. Responses are captured on an eight-point scale.

How much do users love Wave?

0% Negative
0% Neutral
100% Positive

Pros

  • Helps Innovate
  • Continually Improving Product
  • Reliable
  • Performance Enhancing

Feature Ratings

Average 89

Cost Revenue Tracking

93

Accounts Receivable Invoicing

93

Expense Management

93

General Ledger Chart of Accounts

91

Accounts Payable Purchase Orders

91

Reconciliation

88

Budgeting Forecasting

88

Integration APIs

88

Project Accounting

88

Cash Flow Management

88

Dashboards, Analytics and Reporting

85

Vendor Capability Ratings

Average 87

Ease of Customization

92

Ease of Implementation

91

Ease of IT Administration

90

Business Value Created

89

Usability and Intuitiveness

88

Availability and Quality of Training

86

Vendor Support

86

Ease of Data Integration

86

Breadth of Features

85

Product Strategy and Rate of Improvement

84

Quality of Features

83

Wave Reviews

Carl G.

  • Role: Consultant
  • Industry: Education
  • Involvement: Business Leader or Manager
Validated Review
Verified Reviewer

Submitted Jan 2022

Easily integrated AP with great features for SmBz

Likeliness to Recommend

8 /10

What differentiates Wave from other similar products?

Wave is a company that has been around for quite some time, they mimic Quickbooks in many ways but is owned by HR Block. I find the process of tracking invoices easy, and being a service based business, I don't have to worry about taxes and such, but they do have the ability to integrate that into your accounting. I like the features they've aded including managing payroll, banking and payment processing. I miss some features that were taken away this year such as the receipt processing app...made it super easy, hoping to see that return to the main app eventually.

What is your favorite aspect of this product?

The book keeping service! I work monthly with one of the Wave app team members reconciling my books and running reports. I pay monthly so I don't have to deal with a crunch at the end of the year. I find my reps to be personable, and available. In the three years they've done this for me, I've only had it swap out once, so the people working on your books are pretty consistent. I recommend this service for any business of one. I also like the payment processing.

What do you dislike most about this product?

Some of the book keeping aspects are a little confusing for me, but my background is in graphic design, not accounting or book keeping, hence why I get the help.

What recommendations would you give to someone considering this product?

Shop the market a bit, integrate this at the start of your fiscal year, don't leap into any new book keeping service in the middle of the year.

Pros

  • Respectful
  • Helps Innovate
  • Continually Improving Product
  • Reliable

Paul L.

  • Role: C-Level
  • Industry: Consulting
  • Involvement: Business Leader or Manager
Validated Review
Verified Reviewer

Submitted Nov 2021

Easy to use, great feature set

Likeliness to Recommend

10 /10

What differentiates Wave from other similar products?

I started with Wave after creating my own company which I "ran" as an owner. Wearing multiple hats is expected with a new startup, but the ease of having Wave Accounting to deal with all aspects of the accounting and bookkeeping side was truly a significant differentiating factor. I have tried out a number of other products and found Wave Accounting to be easier to use, quicker to implement and more intuitive to use.

What is your favorite aspect of this product?

Not being an accountant or bookkeeper myself, I found that Wave Accounting very ably and easily took over these roles with a very easy learning curve (I implemented Wave Accounting myself)

What do you dislike most about this product?

Nothing. The only reason I stopped using it was that my business closed down.

What recommendations would you give to someone considering this product?

You need to give this product a try RIGHT NOW!

Pros

  • Reliable
  • Enables Productivity
  • Trustworthy
  • Saves Time

Karen L.

  • Role: Operations
  • Industry: Consulting
  • Involvement: End User of Application
Validated Review
Verified Reviewer

Submitted Nov 2021

Was free to use

Likeliness to Recommend

8 /10

What differentiates Wave from other similar products?

It was free to use and for a small business had all of the features I need

What is your favorite aspect of this product?

Ease of use

What do you dislike most about this product?

No longer support UK businesses

What recommendations would you give to someone considering this product?

Match your requirements with the functionality

Pros

  • Reliable
  • Performance Enhancing
  • Enables Productivity
  • Unique Features

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